Texas  |  Business Law

Legal Question

Asked on: 10/01/13, 6:12 pm

I'm one of the owners of a federally funded small business in Baytown , Texas. One of the shareholders who happen to be a CFO & secretary of the company issued a $45,000.00 check supposedly as payment for his loan (money that he put in as his share to start up the company) without authorization from 2 other shareholders. My question is, where do I stand legally on this? Pls advice.

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