DIRECTOR'S DISSENT AUTHORIZATION OF LOAN
Date: [DATE]
To: [SECRETARY NAME], Secretary, [COMPANY NAME] Corporation
Subject: Dissent from Board Action Authorizing a Loan I hereby notify you of my dissent from the action taken by the Board of Directors of [COMPANY NAME] Corporation at its meeting of [DATE], at which the Board voted to provide a loan of [N] dollars ($[N]) to [DIRECTOR NAME], who is a director of the [COMPANY NAME] Corporation. As the minutes of that meeting should reflect, I did not attend that meeting. It is my opinion that the loan authorized by the Board at the aforesaid [DATE] meeting is illegal. I hereby demand that you enter my dissent on the minutes of the meeting of [DATE] from the Board's action authorizing the aforementioned loan and that you advise each member of the Board of this demand.
Sincerely,
_____________________ Director, [COMPANY NAME] Corporation