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LSDefine

Simple English definitions for legal terms

shareholder's liability

Read a random definition: monstrans de droit

A quick definition of shareholder's liability:

Shareholder'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. Shareholder's liability can be limited or unlimited, depending on the type of company and the laws in the jurisdiction where it operates. It is important for shareholders to understand their potential liability before investing in a company.

A more thorough explanation:

Shareholder's liability refers to the legal responsibility of a shareholder for the debts and obligations of a corporation. This means that if the corporation cannot pay its debts, the shareholder may be held personally liable for the remaining amount.

For example, if a shareholder owns 10% of a corporation and the corporation has a debt of $100,000, the shareholder may be liable for $10,000 if the corporation cannot pay the debt.

This type of liability can be limited by law or contract, such as in the case of a limited liability company (LLC) where the shareholders are only liable for the amount of their investment in the company.

It is important for shareholders to understand their potential liability before investing in a corporation or becoming a shareholder.

shareholders' equity | shareholder voting agreement

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General

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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