Corporate Law?

0 ⤊

If you sell out your stock to a partner and the legal paperwork
states that you are no longer liable for any future or past transactions. You know the general release is this really
true?

2007-07-29 04:33:14 · 2 answers · asked by dragonness36 2 in Business & Finance ➔ Corporations

2 answers

I would think that you would have some liability for past actions, especially if you were on the board or a significant stock holder. But as time goes by, your risk diminishes.

2007-07-29 04:45:00 · answer #1 · answered by hottotrot1_usa 7 · 0⤊ 1⤋

You're not liable if you state (and they sign and notorize) a document agreeing to your indemnification.

2007-07-30 12:12:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋