How can I get better a judement from an officer or founder of a corporation that be administratively dissolved?
I won a defaulting judgement several months ago against a Tennesee corporation that never remunerated a dime. Now I find out on the Tenn. Secretary of State website that the corporation be administratively dissolved, and its assets liquidate. How do I restore your health the judgement? Can I get better it from the "owner" of the corporation (CEO)? or am I inert within the wet?
Answers:
Admistrative dissolution is not Bankruptcy, it method the state disolved their corporate standing them for other reason, such as not paying their annual franchise payment or file an annual report. An administrative dissolution does not mingy the assetts be liquidate, so I assume you get that information from somewhere else. They can own their corporate standing reinstated.
The state corporation law, protect sharedholders and the board of directors and other hand's from liability of the corporation. That is why they incorporate. You would not want to be held liable for IBM's debts of late because you bought IBM stock.
The exception is where on earth the director(s) knowlingly acted against the interests of the corporation, or to cheat or defraud, or used corporate assets for personal use, where bag you would own to know how to prove it contained by court.
Speak to your attorney.
If it's a true corporation, officer' assets are immune from the pronouncement.
You obligation to find out how the court distributed the assets.
You may be out of luck. If you weren't represented at the audible range, you will probably obtain nought. Sorry.
You are out of luck unless you can prove fraud of some gentle. If you can prove fraud, you can move about after the officer of the corp. Fraud is amazingly difficult and severely expensive to prove.
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Answers:
Admistrative dissolution is not Bankruptcy, it method the state disolved their corporate standing them for other reason, such as not paying their annual franchise payment or file an annual report. An administrative dissolution does not mingy the assetts be liquidate, so I assume you get that information from somewhere else. They can own their corporate standing reinstated.
The state corporation law, protect sharedholders and the board of directors and other hand's from liability of the corporation. That is why they incorporate. You would not want to be held liable for IBM's debts of late because you bought IBM stock.
The exception is where on earth the director(s) knowlingly acted against the interests of the corporation, or to cheat or defraud, or used corporate assets for personal use, where bag you would own to know how to prove it contained by court.
Speak to your attorney.
If it's a true corporation, officer' assets are immune from the pronouncement.
You obligation to find out how the court distributed the assets.
You may be out of luck. If you weren't represented at the audible range, you will probably obtain nought. Sorry.
You are out of luck unless you can prove fraud of some gentle. If you can prove fraud, you can move about after the officer of the corp. Fraud is amazingly difficult and severely expensive to prove.