In which of the following circumstances will a director be personally liable for the debts of the company?
A、Where the company's Articles of Association state that they are liable
B、Where a creditor has told them they are liable
C、Where they have breached their fiduciary duties
A、Where the company's Articles of Association state that they are liable
B、Where a creditor has told them they are liable
C、Where they have breached their fiduciary duties
【参考答案及解析】
Directors will be liable for a company's debts if the Articles of Association say that they are. There may be financial penalties for a director who breaches their fiduciary duties, but taking over personal responsibility for the company's debts is unlikely to be one of them.
Directors will be liable for a company's debts if the Articles of Association say that they are. There may be financial penalties for a director who breaches their fiduciary duties, but taking over personal responsibility for the company's debts is unlikely to be one of them.