Archived
This content is available here strictly for research, reference, and/or recordkeeping and as such it may not be fully accessible. If you work or study at University of Kentucky and would like to request an accessible version, please use the SensusAccess Document Converter.
Abstract
One of the most important and firmly entrenched concepts of modern corporate law is the concept of limited liability. The digests abound with ringing phrases granting the owners of corporations immunity from liability beyond their initial investment. There are, however, numerous cases in which the courts have denied the owners of corporations the protection of limited liability and have held the owners liable for an obligation incurred by the corporation. It is the purpose of this paper to examine the theories under which the owners of corporations have been held liable for the contractual obligation of corporations.
Document Type
Article
Publication Date
1975
5-23-2012
Repository Citation
Rutheford B Campbell, Jr., Limited Liability for Corporate Shareholders: Myth or Matter-of-Fact, 63 Ky. L.J. 23 (1975).
Notes/Citation Information
Kentucky Law Journal, Vol. 63, No. 1 (1974-1975), pp. 23-71