Monica Barnard Posted July 9, 2007 Posted July 9, 2007 Co C will close its doors on 9/30/07. We have known this for about a year. We are preparing to distribute. The plan allows loans. Can we have a black out period for loans only from, say 8/15 to 9/30? Or would it be recommended to amend the plan so that loans are no longer allowed? Thanks
JanetM Posted July 9, 2007 Posted July 9, 2007 I would have sponsor amend the plan now to ban future loans. JanetM CPA, MBA
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