Assertion: close corporation's shareholder | /r/CapableOf | make bona fide loan
Facets:
Source sentences:
text: The Code does not specify how a shareholder may acquire basis in an S corp’s indebtedness to him, though the courts have generally required an “actual economic outlay” by the shareholder before determining whether the shareholder has made a bona fide loan that gives rise to an actual investment in the corporation.