The directors are fully liable if their actions are found to be fraudulent. It's... | Hacker News

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jarek-foksa on April 17, 2015 | parent | context | favorite | on: Fixing Italy, a little bit at a time

The directors are fully liable if their actions are found to be fraudulent. It's "limited liability", not "no liability whatsoever".

bkor on April 17, 2015 [–]

Which in practice is not enforced very often.

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