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Ann: Loan Funding, page-13

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  1. 10 Posts.
    I thought it'd be against the law for a director of a public company to have security over the assets of the said company.  Technically it's a conflict of interest.   He has an incentive to ensure the companies failure, take all the assets. (In this case I assume printing machines, clients etc.) leaving shareholders with nothing.   Anyone know what happens if he does trigger that clause?
 
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