Corporations 

(1)   In the judgment of the directors, reasonably may be expected to benefit the corporation; or

(2)   Is an advance made against indemnification in accordance with § 2-418(f) of this subtitle.

(b)   The loan, guarantee, or other assistance may be:

(1)   With or without interest;

(2)   Unsecured; or

(3)   Secured in any manner that the board of directors approves, including a pledge of the stock of the corporation.

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Questions & Answers: Corporations

A corporation was dissolved by the state due to 17 years of unpaid annual report fees. The sole owner of the corporation has died. He has left the dissolved corporation's buildin...

Shari, Please clarify what you mean when you say the owner "left" the corporation's building to his children. Even though the corporation was dissolved it still continues to exist...

The building and the shares were given to the children the will. There are 17 years of back annual renewal fees that are delinquent and unpaid by the corporation. The will also s...

Shari, Strictly speaking, I don't see how the will could leave the building to the children. If I understand correctly, the father did not personally own the building in his own na...

There are 6 shareholders that are all related. Four of the shareholders are involved in the creation of the new LLC without the other 2 shareholders. No transfers of shares have...

If the president of a board says something to a child (member) in her vehicle on personal time. Then that child repeats it to another child (member) during company time is the boa...

See also:

Maryland Code > Corporations and Associations

U.S. Code Provisions: Corporations

U.S. Code > Title 15 > Chapter 98 - Public Company Accounting Reform And Corporate Responsibility

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Corporations

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