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https://www.upcounsel.com/personal-liability-of-corporate-officers
https://corpgov.law.harvard.edu/2021/02/21/recent-trends-in-officer-liability/
AmerisourceBergan Corp., in the context of resolving a books and records demand seeking “senior management materials,” the Court of Chancery expanded on officer liability, reiterating the longstanding principle that officers are “corporate fiduciaries” who “owe the same duties to the corporation and its stockholders as directors.” The court further explained that …
https://corporations.uslegal.com/officer-and-director-liability/
Decisions made by officers and directors of corporations typically have not subjected these individuals to personal liability. Even if an officer or director makes what turns out to be a bad business decision, the law does not render the person liable unless that decision violates a specific duty imposed on the officer or director. On the other hand, the law governing …
https://www.cga.ct.gov/2002/rpt/2002-R-0704.htm
PERSONAL LIABILITY OF DIRECTORS AND OFFICER FOR BREACHING DUTY TO CORPORATION OR SHAREHOLDERS. The law requires that corporate directors and officers carry out their duties to their corporation in certain ways or they may be personally liable to shareholders or to the corporation itself.
https://www.nortonrosefulbright.com/-/media/files/nrf/nrfweb/imported/20160801---criminal-and-civil-liability-for-corporations-officers-and-directors.pdf
The main sources of civil liability facing corporations, officers, and directors. CRIMINAL LIABILITY FOR CORPORATIONS, OFFICERS, AND DIRECTORS As an artificial or fictional entity, a corporation cannot form any intent to commit an act, criminal or otherwise. Instead, it acts only through its officers, employees, and agents (collectively referred to in this …
https://legalbeagle.com/12719411-what-liability-does-a-corporation-have-for-its-officers.html
What Liability Does a Corporation Have for Its Officers? Role of Corporate Officers. Every state has the authority to create laws that govern corporations, including the extent... Civil Liability. There are situations, however, when a corporate officer is personally responsible for his actions. ...
https://www.wolfbaldwin.com/articles/small-business-articles/liability-of-officers-and-directors/
In Kaites v. Com. of Pa., Dept. of Environmental Resources, the Pennsylvania Commonwealth Court reasserted that corporate officers are generally individually liable for their own tortious actions; that is, in order for liability to attach, the officer must actually participate in wrongful acts, and may be held liable for misfeasance but not for simple nonfeasance. Thus, committing an …
https://legalbeagle.com/12717738-can-the-officer-of-a-corporation-be-held-personally-liable.html
Limited Liability. The law expressly provides limited liability for officers, directors and shareholders acting on behalf of the corporation. An injured party or a creditor cannot sue corporation employees for actions they took in the corporation's name. For example, if an officer signs a loan document on behalf of the corporation and the corporation defaults, the lender's …
https://www.upcounsel.com/corporate-legal-liability
Corporate legal liability covers the following: Fraud claims where an employee of the company has been accused of wrongdoing, violations like water contamination, and... Contracts and obligations entered on behalf of the corporation by employees, officers, or corporate directors. Contracts entered ...
https://www.stimmel-law.com/en/articles/corporate-officers-duties-and-fiduciary-responsibilities
The Three Basic Types of Fiduciary Duties. Most states, including California, maintain three basic fiduciary duties. 1) Duty of Care – directors and officers must use care and be diligent when making decisions on behalf of the corporation and its shareholders (who are the true owners of the corporation). Directors and officers meet their duty ...
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