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Can shareholders of a dissolved be individually ...

Sent to Legal Experts September 4 2007 at 6:00 PM
   

Can shareholders of a dissolved corporation be individually sued?

Can a corporation be sued after it is dissolved?

 

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Stuart, Florida

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September 5 2007 at 2:47 AM (8 hours and 46 minutes and 16 seconds later)
         
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Dear Customer (name blocked for privacy),

If corporate shareholders of a dissolved corporation made themselve personnally liable for any of the corporate debts (such as guaranteeing a corporate loan; or committing acts outside the corporate powers; or committing some kind of fraud) OR at the time of dissolution failed to follow the statutory rules of dissolution, then it may be possible for the shareholders to be sued. A FL corporation may be sued after it is dissolved - you can read FL Statutes, section "607.1405 Effect of dissolution" at http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=Ch0607/SEC1405.HTM&Title=->2007->Ch0607->Section%201405#0607.1405 .



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