Statutory Secondary Liability of the Members of the Limited Liability Company under the Business Corporations Act

Abstract

The article is concerned with the statutory secondary liability of the members of the limited liability company under the Business Corporations Act. The author deals with the function of the statutory secondary liability of the members of the company and its extent.

The text analyzes the performance of the company's obligation by its member and the legal consequences thereof.

Keywords

• statutory secondary liability
• limited liability company
• Business Corporations Act