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2016 Statute



Prev Article 71. - ACTIONS AGAINST CORPORATIONS, DIRECTORS, OFFICERS OR STOCKHOLDERSNext


17-7102. 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 code, such person may recover the amount so paid in an action against the corporation for money paid for its use. In any such action, only the property of the corporation shall be liable to be taken, and not the property of any stockholder.

History: L. 1972, ch. 52, § 121; L. 2016, ch. 110, § 105; July 1.



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2017. Powered by KLISS. Rendered: 2017-10-22T10:28:50. Head Rev No: 302148