US Legal Forms
Agreements - Agreement Forms
Minutes of Meeting of the Directors regarding Bank Loan

Directors Loan To Company Interest Rate In New York

Category:

Loans and Lending - Minutes

State:

Multi-State

Control #:

US-00420BG

Format:

Instant download

Description

This form contains a resolution of the Board of Directors authorizing the refinancing of a loan of the corporation and names the officers of the corporation authorized to sign the loan documents.

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This should disclose the loan amount, along with the main conditions, interest rate, and any amounts to be repaid or written off. This would need to be a market rate of interest, and this interest charge is a deductible expense against corporation tax in the company.To confirm the current rate at any time, please call us. A belowmarket loan is a loan which provides for no interest or interest at a rate below the federal rate that applies.

Directors Loan To Company Interest Rate In New York

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