If a corporation is insolvent, directors can be held strictly liable to employees of the corporation for a certain amount of unpaid wages.

Name: If a corporation is insolvent, directors can be held strictly liable to employees of the corporation for a certain amount of unpaid wages.
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This is true. Directors can be held personally liable for unpaid wages owed to employees if the corporation is insolvent. This is known as "directors' liability for unpaid wages."

If a Corporation Is Insolvent, Directors Can Be Held Strictly