§1572

1 cases·1 cited

Statute text not available for this section.

1 Citing Cases

Duncan Warden & Gail Warden, Petitioners T.C. Memo. 2023-146 · 2024

For this purpose, “interest” is defined in BCL § 1572 as follows: Interest from the effective date of the corporate action until the date of payment at such rate as is fair and equitable under all the circumstances, taking into account all relevant factors, including the average rate currently paid by the corporation on its principal bank loans.

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