North Carolina General Statutes 55A-6-22. Member’s liability to third parties
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In North Carolina General Statutes 55A-6-22
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
A member of a corporation is not, as such, personally liable for the acts, debts, liabilities, or obligations of the corporation. (1993, c. 398, s. 1.)