Resolution (board): approval of a small loan to a director | Practical Law

Resolution (board): approval of a small loan to a director | Practical Law

A standard resolution to be included in board minutes to approve the grant of a small loan to a director of the company, under the exception in section 207(1) of the Companies Act 2006 (Exception for minor and business transactions) from the general requirement for member approval of loans to directors.

Resolution (board): approval of a small loan to a director

Practical Law UK Standard Clause 6-201-3861 (Approx. 4 pages)

Resolution (board): approval of a small loan to a director

MaintainedUnited Kingdom
A standard resolution to be included in board minutes to approve the grant of a small loan to a director of the company, under the exception in section 207(1) of the Companies Act 2006 (Exception for minor and business transactions) from the general requirement for member approval of loans to directors.