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Publicly-Held Companies Are Prohibited From Making Loans ...

    https://www.kmm.com/articles-227.html
    Aug 26, 2002 · Publicly-Held Companies Are Prohibited From Making Loans To Corporate Officers And Directors, According To The Sarbanes-Oxley Act Of 2002: Kauff McGuire & Margolis LLP. General Employment Issues. < Back to General Employment Issues's main page.

CORPORATE LOANS TO OFFICERS, DIRECTORS AND …

    https://www.jstor.org/stable/40683336
    statutes of only four states4 prohibit or regulate loans to officers, directors and shareholders. Other statutes5 prohibit loans to officers and directors, and, in addition, while not regulating loans to share-holders as such, prohibit loans secured by shares of the corporation. North Carolina takes a novel and perhaps more realistic approach by

C Corporation loans to officer for business purpose - Ask ...

    http://www.asktaxguru.com/850-c-corporation-loans-to-officer-business-purpose.html
    Jan 21, 2009 · When a Corporation lends monies to its officer, the monies lent to the Officer is really booked as an Officer Loan receiveable. This loan must have a stated interest rate, a repayment schedule, that is an intent for the officer to repay this loan and the loan must be approved by the Board of Directors in the Minutes of the Board meetings.

IRS Treatment of Loans to Officer/Shareholder – Taxes

    https://taxes.uslegal.com/articles/irs-treatment-of-loans-to-officershareholder/
    In conclusion, whether a transfer from a corporation to an officer/shareholder will be treated as a loan or as compensation determines if amounts received must be included in a taxpayer’s gross income. This determination is made by courts through examinations of the conditions attendant to the transaction.

California's Ban On Loans To Directors And Officers

    https://www.calcorporatelaw.com/2016/09/californias-ban-on-loans-to-directors-and-officers
    Sep 27, 2016 · California's Ban On Loans To Directors And Officers. Posted on September 27, 2016 by Keith Paul Bishop. California banned loans to directors and officers decades before Congress thought of doing so as part of the Sarbanes-Oxley Act of 2002. Current Corporations Code Section 315 prohibits corporations (defined in Section 162) from making loans of money or property to, or guaranteeing the …

Duties and Obligations of a Company and Its Officers and ...

    https://www.ebglaw.com/news/duties-and-obligations-of-a-company-and-its-officers-and-directors-upon-going-public/
    Jun 24, 2004 · It is unlawful under Sarbanes-Oxley for a public company, directly or indirectly, or through a subsidiary, to make or arrange for a personal loan to an executive officer or director, or to renew or materially modify the terms of a personal loan "grandfathered" as a result of being outstanding on the date Sarbanes-Oxley was enacted.

Can a Board Member Loan Money to Their Nonprofit

    https://financingsolutionsnow.com/can-a-board-member-loan-money-to-their-nonprofit/
    May 13, 2020 · The credit line can be set up quickly, there is no cost to set it up, no cost if it is not being used, and it can be paid off at any time. Benefits of a Line of Credit for a Nonprofit Having a nonprofit line of credit in place is an excellent way for your organization to have a flexible source of cash, readily available when issues arise, and ...

Can the Officer of a Corporation Be Held Personally Liable ...

    https://legalbeagle.com/12717738-can-the-officer-of-a-corporation-be-held-personally-liable.html
    An injured party or a creditor cannot sue corporation employees for actions they took in the corporation's name. For example, if an officer signs a loan document on behalf of the corporation and the corporation defaults, the lender's only recourse is …

The Effects of the Sarbanes-Oxley Act of 2002

    https://www.investopedia.com/ask/answers/052815/what-impact-did-sarbanesoxley-act-have-corporate-governance-united-states.asp
    Feb 23, 2021 · The Sarbanes-Oxley Act requires public companies to strengthen audit committees, perform internal controls tests, make directors and officers personally liable for the accuracy of …

SEC Requirements for Public Companies, SEC Requirements to ...

    http://www.legalandcompliance.com/securities-resources/sec-requirements-for-public-companies/
    A public company with a class of securities registered under either Section 12 or which is subject to Section 15(d) of the Securities Exchange Act of 1934, as amended (“Exchange Act”) must file reports with the SEC (“Reporting Requirements”).The underlying basis of the Reporting Requirements is to keep shareholders and the markets informed on a regular basis in a transparent manner.

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