Could a corporations former directors or shareholders, or its successors, avoid liability following its informal dissolution by

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Could a corporation’s former directors or shareholders, or its successors, avoid liability following its informal dissolution by claiming that they did all they felt was necessary to protect its creditors? Why or why not?

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Business Law Text and Cases

ISBN: 978-0324655223

11th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

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Question Posted: May 02, 2012 01:26 AM

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Could a corporations former directors or shareholders, or its successors, avoid liability following its informal dissolution by

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No because it is the failure to afford a creditor ...View the full answer

Business Law Text and Cases

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