Assertion: fund | /r/CapableOf | obtain assurance
Facets:
Source sentences:
text: When directors and counsel cannot make a reasonable belief determination, the staff believes that section 17(h) would prohibit the fund from advancing legal fees to the director unless the fund obtained assurances that the advance will be repaid if the director ultimately is found to have engaged in disabling conduct.
text: If a director-defendant requests additional advances from the fund, and a reasonable belief determination no longer can be made, the fund's board should decline to authorize the advance, unless the fund obtained assurances that the advance will be repaid if the director ultimately is found to have engaged in disabling conduct.