CM Advocates - Nigeria > Board Resolution where a Company is guaranteeing a third-party loan
Board Resolution where a Company is guaranteeing a third-party loan
This Board Resolution is applicable where the company is guaranteeing the borrowing by another third party taking out a loan or facility. The Articles of Association of the company must allow for such guarantee, and the resolution must be submitted to the lending institution.
The resolution should be printed out on a company’s letterhead and should be signed by directors present during the said meeting.
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