South Africa Law
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The members claims on loan account is also concurrent claims with all other creditors.
There is therefor no preference allowed to the loan account holders or to other creditors in relation to the loan account holders and is therefor equal to each other.
Mark you should therefor show it as a liability!
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There is no section that will specifically mention that loan accounts is concurrent creditors, it is just common practice and you do not need to justify same by a section in any act.
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