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in fact, occurred, but they can be evidence of an intent to make
the loans.
The purported meeting dates all precede the stipulated
date(s) when the minutes were drafted. Although it is
necessarily the case that meeting minutes cannot be drafted until
after the meeting, we give little or no evidentiary weight to
minutes that follow the alleged meetings to which they relate by
periods of anywhere from a month to more than 3 years. Those
delays, in this case, indicate an attempt to provide an after-
the-fact paper trail of back-to-back loans through petitioners
rather than corroboration of an actual intent to make such loans,
which existed at the time of the Paulan direct payments. Even
the Sidal minutes drafted with respect to the October 31, 2000,
Paulan direct payments are stipulated to have been “drafted and
executed sometime after * * * [that date].” There is no evidence
as to how long after October 31, 2000, the minutes were drafted.
Therefore, we have no reason to give more evidentiary weight to
those minutes than to the minutes relating to the earlier
payments.
We also note that, because the minutes of each of Sidal’s
board of directors meetings specify as the meeting date the
alleged effective date of the corresponding set of promissory
notes, five of the eight Sidal board meetings are necessarily
alleged to have been held after the borrowings authorized during
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