§414-83 - Liability of shareholders.
[§414-83] Liability of shareholders. (a) A purchaser from a corporation of the corporation's own shares is notliable to the corporation or its creditors with respect to the shares except topay 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 articlesof incorporation a shareholder of a corporation is not personally liable forthe acts or debts of the corporation except that such shareholder may becomepersonally liable by reason of such shareholder's own acts or conduct. [L 2000,c 244, pt of §1]