Virginia | Credit and Debt Law
11/15/09, 6:06 pm
Legal Question
I am the director of a non-profit organization. The only way we get money is from reimbursement. We have to pay the money out and invoice it to be paid later.
There is no capital (money) in the bank. Is it legal for me as the director to loan the agency the money, and have it paid back in monthly increments? And how much interest can be charged?
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Read More Answered By: Michael E. Hendrickson |
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