Share Liability: What You Need to Know
Questioner
If you have shares but no substantial interest, to what extent is liability limited in the event of non-performance by the board?Lawyer
For breach of contract by the board, the board is liable and not the shareholder(s). Shareholders are in principle not liable towards creditors of the company. A shareholder can be liable if he has - in short - acted unlawfully. Your question is somewhat vague. If you need a (more) specific answer, please contact me.Neem de volgende stap
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