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The Sarbanes-Oxley Act of 2002: Prohibition of Personal Loans to Executives (PDF)
Cooley LLP 
Sept. 30, 2002 Excerpt: Section 402 of the Act makes it unlawful for any public company, directly or indirectly, to extend credit, maintain credit or arrange for the extension of credit in the form of a personal loan to or for the benefit of any director or executive officer. This prohibition on loans is broadly worded ... MORE >> |
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