TN 9 (05-90)

RS 02505.105 Directors and Fiduciaries


The activities performed by directors generally, do not go beyond attendance at directors' meetings held periodically and generally not more frequently than once a month. Some may last a few minutes, some a few hours.


Ordinarily, the services of a director are not substantial. However, when a director's, fiduciary's, and trustees' services are 15 hours per month or more, be alert for a situation that may result in unrealistic conclusion that the services are not substantial.


For coverage status of directors and fiduciaries, see RS 01802.032-RS 01802.033.

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RS 02505.105 - Directors and Fiduciaries - 08/13/1990
Batch run: 07/09/2013