Sec. 3163. Other Forms Of Secondary Liability
Description
This section is from the book "The Law Of Contracts", by William Herbert Page. Also available from Amazon: Commercial Contracts: A Practical Guide to Deals, Contracts, Agreements and Promises.
Sec. 3163. Other Forms Of Secondary Liability
Discharge of a corporation in bankruptcy does not release the directors from liability for corporate debts,1 nor does it relieve stockholders from such liability.2
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