COMPANY LAW - SHAREHOLDERS TAKING SECURITY - A DUKESONS BUSINESS LAW UPDATE

December 2015

As a company lawyer in Auckland, my view is that accountants can have an important role in encouraging shareholders to take security for advances that they will make to their company over time. Often, shareholders provide more funds to their company than outside financiers. Why shouldn't shareholders take security. There are some issues but see the attached article. Company lawyers in Auckland have often seen that the question of security has never been raised.

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