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Old 10-31-2016, 01:43 AM   #1
RP
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If its found that Dixie and Corgan had an illegal agreement, does TNA legally still owe him what he loaned?
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Old 10-31-2016, 01:45 AM   #2
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Quote:
Originally Posted by RP View Post
If its found that Dixie and Corgan had an illegal agreement, does TNA legally still owe him what he loaned?
I would say yes because both sides seemed to follow the terms of the agreement as if it was legal.
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Old 10-31-2016, 01:12 PM   #3
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Quote:
Originally Posted by SlickyTrickyDamon View Post
I would say yes because both sides seemed to follow the terms of the agreement as if it was legal.
If it is deemed to be a "pledge" agreement and Corgan was licensed in TN as a pledge lender, then yes. If he was not licensed then, no, he's not entitled to any of his money back, nor Dixie's 92.5% interest in TNA.

If it is deemed a "general assignment" agreement, then he is entitled to his investment money back plus interest or he has the option of taking up to 36% interest in TNA instead of his money back.
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