For the consequences of unlawful distributions the company can obtain remedies against

Name: For the consequences of unlawful distributions the company can obtain remedies against
Brand: Quizplus
Rating: 4.9 (62 reviews)

Question

Quizplus · Accepted Answer

Unlawful distributions are payments made to shareholders that exceed the company's available profits. Both shareholders who received the payments and directors who authorized them can be held liable for the consequences. Therefore, the company can obtain remedies against both shareholders and directors.

For the Consequences of Unlawful Distributions the Company Can Obtain