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I-3 - Taxation Act

Section 965.6.16
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Full text
965.6.16. (Repealed).
1987, c. 21, s. 47; 1997, c. 3, s. 71; 2017, c. 29, s. 166.
965.6.16. The means of financing provided under a stock ownership plan shall be an interest-free loan granted by the corporation, a loan granted by the corporation bearing interest at a rate not exceeding the market rate at the time of the loan or a loan from another person, provided the terms and conditions are negotiated by the corporation.
1987, c. 21, s. 47; 1997, c. 3, s. 71.
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