Shareholder Loan Agreement

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posted:1/10/2012
language:English
pages:6
Description: This is an agreement whereby a shareholder loans money to a corporation for a specific purpose. The board of directors must unanimously decide whether obtaining a loan from a shareholder is in the best interests of the corporation. In addition, this agreement contains an interest bearing promissory note the parties can use to effectuate the agreement. This agreement should be used by small businesses or other entities that want to receive a loan for their shareholders.
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