D.C. Code § 26-1329

Current through codified legislation effective October 30, 2024
Section 26-1329 - Directors or trustees personally liable when liabilities exceed assets

If the liabilities of any company shall at any time exceed the amount of the fair cash value of the assets, the directors or trustees of such company assenting thereto shall be personally and individually liable for such excess to the creditors of the company, after the additional liability of the stockholders has been enforced.

D.C. Code § 26-1329

Mar. 3, 1901, 31 Stat. 1308, ch. 854, § 741.