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LSDefine

Simple English definitions for legal terms

stockholder's liability

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A quick definition of stockholder's liability:

Stockholder's liability refers to the legal responsibility that a shareholder has for the debts and obligations of a company. This means that if the company cannot pay its debts, the shareholder may be required to pay a portion of those debts. It is important for shareholders to understand their liability before investing in a company.

A more thorough explanation:

Stockholder's liability refers to the legal responsibility that a shareholder has for the debts and obligations of a corporation. This liability can be limited or unlimited, depending on the type of stock owned and the laws of the state where the corporation is incorporated.

For example, if a shareholder owns common stock in a corporation and the corporation goes bankrupt, the shareholder may be liable for the corporation's debts up to the amount of their investment. However, if the shareholder owns preferred stock, their liability may be limited to the amount of their investment.

Another example of stockholder's liability is when a corporation is sued for damages caused by its products. In some cases, shareholders may be held liable for a portion of the damages if the corporation is unable to pay.

Overall, stockholder's liability is an important consideration for anyone who owns stock in a corporation, as it can have significant financial implications.

stockholders' equity | stock insurance company

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haha suckers!!!!!!!!!!!!!!!!!
20:38
prolly have a lil family and hobbies what loosers
hahah losers like what? you travel? have a life? not me, i'm reading every line of a contract while my seniors go play golf and enjoy like hahaha suckers
20:40
yea inverse perspective, what is fun is not fun and what is not fun is fun
20:40
you get it.
i wanna be able to travel a ton too
my ex just posted a harry potter related joke i think i dodged a bullet
20:41
Im only going to law school to recruit members for the revolution
20:41
nice where u wanna go? yea bullet dodged fr
can we join even if we're not at ur school
20:44
yeah but youd be in a different chapter
20:44
are we revolting against people who do not use their signal whilst driving?
20:44
We’re revolting against the man, man
20:45
Power does not flow from the sleeve of a judges robe to paraphrase
fuck yeah i'm down
MrThickRopes
20:46
uhhh
MrThickRopes
20:46
Yeeeeaahh
MrThickRopes
20:46
PUT DA BEAT ON BRUH
20:48
Aight yall can join but I call dibs on being assassinated
MrThickRopes
20:49
Unc unc unc unc unc
MrThickRopes
20:49
Up in da club
MrThickRopes
20:49
Up in da club uns uns uns uns uns uns
the unction
20:55
just got a DUI while drinkin an NA beer in my car
20:55
someone help is some1 a hoya lowya here?!
MrThickRopes
21:03
Yoooo wtf
21:03
jk ropes but I do got ops fr
MrThickRopes
21:12
Me too bruh they praying on my downfall fr
21:19
bruh i got ppl tryna make my head a brain smoothie
21:19
serve me with some margarita mix and agave sweetener and summ
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