Legal Question in Business Law in Florida

Is it legal for CEO of corporate to make loans in minority shareholder name from corporate without knowledge or consent of said shareholder?


Asked on 1/25/10, 9:22 pm

1 Answer from Attorneys
Sarah Grosse Sarah Grosse, Esquire

Maybe. If the bylaws don't require the CEO to have the approval of all shareholders for each business decision, then he is acting within the scope of his job. If you wish to challenge him, and you are a shareholder, you need to call a shareholders' meeting.

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Answered on 1/30/10, 11:41 pm


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