Assignment of Shareholder Loan - Interest Permitted

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This Assignment of Shareholder Loan/Interest Permitted will effectively assign a loan to a new lender who agrees to lend money to a borrower. This assignment can easily be modified to fit your unique needs.

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For Immediate Download

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Free eSignature included
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This Assignment of Shareholder Loan/Interest Permitted is between a borrower who is indebted to a shareholder and negotiates a loan with a lender who demands a guaranty from the shareholder. This assignment sets forth the names of the parties, sum in which the assignor is indebted and the amount of the loan borrower has negotiated with new lender. It also sets out the maximum amount of interest payable to the assignor. It is imperative that this assignment be set forth in writing. A written Assignment of Shareholder Loan/Interest Permitting will be valuable in the event of misunderstandings or litigation between the parties.

This Assignment of Shareholders Loan/Interest Permitting contains:
  • Parties: Identities of the shareholder, the borrower and lender who has agreed to negotiate a loan with the borrower;
  • Indebtedness: Sets forth the amount of indebtedness due and that shareholder (the assignor) will assign a guaranty in favor of the new lender;
  • Signatures: Both assignor and borrower must sign this assignment in the presence of a witness.

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This attorney-prepared packet contains:
  1. General Instructions
  2. Assignment of Shareholder Loan/Interest Permitted
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28612
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.

Customer Reviews

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Reviews: 1


Palm Desert,

CA

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I would have appreciated an addendum of alternate / optional clauses but I found that the agreement itself was very thorough and well laid out. The instructions were very clear. I got what I expected in a very professional form.


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