After a corporate charter has been forfeited, the owners and officers of the dissolved corporation are __________ shielded from personal liability by using the corporate name when making contracts.

Question

Quizplus · Accepted Answer

Once a corporate charter has been forfeited, the corporation no longer exists as a legal entity and therefore the owners and officers cannot shield themselves from personal liability by using the corporate name when making contracts.

After a Corporate Charter Has Been Forfeited, the Owners and Officers