§414-83 - Liability of shareholders.
[§414-83] Liability of shareholders.
(a) A purchaser from a corporation of the corporation's own shares is not
liable to the corporation or its creditors with respect to the shares except to
pay the consideration for which the shares were authorized to be issued
(section 414-82) or specified in the subscription agreement (section 414-81).
(b) Unless otherwise provided in the articles
of incorporation a shareholder of a corporation is not personally liable for
the acts or debts of the corporation except that such shareholder may become
personally liable by reason of such shareholder's own acts or conduct. [L 2000,
c 244, pt of §1]