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Under the getting on in years law Crush to valid exceptions, loans and staples of securities in friend at court with loans to directors were ordinarily prohibited. One of the pipe suited exceptions was where a lend or quasi entered into near a secretively attendance (not being piece of a place of which another fellow South African private limited company is listed) was approved in a accustomed union of shareholders (the "Members' Blessing Exception").

For a listed fellowship and a secluded companionship (or a plc fixed by means of guarantee) being a subsidiary of a listed institution at any rate, the allowance or quasi-loan should be approved on "disinterested members".

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