Del. Code tit. 8 § 326

Current through 2024 Legislative Session Act Chapter 254

Section 326 - Action by officer, director or stockholder against corporation for corporate debt paid

When any officer, director or stockholder shall pay any debt of a corporation for which such person is made liable by the provisions of this chapter, such person may recover the amount so paid in an action against the corporation for money paid for its use, and in such action only the property of the corporation shall be liable to be taken, and not the property of any stockholder.

8 Del. C. § 326

8 Del. C. 1953, § 326; 56 Del. Laws, c. 50; 71 Del. Laws, c. 339, § 72.;