Ontario Security Agreement for Shareholder Loan
Secure repayment of a loan from a shareholder to a corporation with this Ontario Security Agreement for Shareholder Loan.
- The corporation (as borrower) grants the secured party (a trustee for the shareholders) a security interest over the borrower's corporate assets, in order to secure its current or future indebtedness to its shareholders for shareholder advances, stock dividends or other obligations.
- The secured party holds the security interest in trust for the shareholders and may release all or part of the secured collateral as it sees fit.
- The borrower is restricted from selling, transferring, leasing or otherwise disposing of any of the collateral forming the security.
This Ontario Security Agreement for Shareholder Loans
template is available as a fully editable Microsoft Word template.
Last Updated: 14-April-2016