Assertion: fund | /r/CapableOf | advance legal fees
Facets:
value: to any directors
type: TRANSITIVE-OBJECT
Source sentences:
text: The staff therefore is providing the following guidance regarding when funds may advance legal fees to their independent directors.
text: The staff has been advised that these positions may make it unnecessarily difficult for funds to advance legal fees to their directors.
text: On this basis, the staff reasoned that it would be consistent with section 17(h) and prior staff positions if legal counsel  in providing an opinion as to whether a fund should advance legal fees either to its independent directors or to any directors who are interested persons solely by reason of serving as officers of the fund  afforded the directors a rebuttable presumption that they had not engaged in disabling conduct.64