Maybe I'm not reading it right. But this to me just prevents others from suing the person holding office and holding them personally liable.
I look at the rules governing the board of directors I'm a member of. It states I cannot be held personally liable either. In short if the company misses a payment or is sued because of a slip and fall. They can't come after me personally or my personal accounts. But nothing stops them from suing the pants off the corporation.
Last edited by Rockstar; 09-06-11 at 12:32 PM.
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