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Can personal property be seized from the president of a corporation that has a judgment against it?
No personal property of an indivual officer of a corporation may be seized to pay a corporate debt. This is so even if that individual is the person responsible for the claim against the corporation. As long as the judgment is against the corporation, only corporate assests may be seized. Sometimes plaintiffs in actions against corporations try to get judgments against the individual officers or shareholders as well as the corporation itself by means of a legal theory called "piercing the corporate veil". This is usually not successful. But even if the plaintiff were successful and got a judgment against the corporation and the individual, the individual's property would not be subject to seizure because of the judgment against the corporation. His/her property would be subject to seizure because there would be a judgment against him/her personally. This is the whole purpose of the corporate structure to begin with, that is, the ability to run a business without fear of personal liablity.
Who is responsible for registering property left in a will?
The executor or personal representative named in the will is responsible for registering property left in a will. They are responsible for transferring the assets from the deceased owner to the intended beneficiaries according to the wishes outlined in the will.
Can an employee in charge of a certain area in a hotel be considered the legal occupier of the premises consequentially making him liable for any accidents in that area?
Generally, no. The owner of the property, or the lessee in some cases, would be the responsible party if someone was to sue. They could reprimand the employee.Generally, no. The owner of the property, or the lessee in some cases, would be the responsible party if someone was to sue. They could reprimand the employee.Generally, no. The owner of the property, or the lessee in some cases, would be the responsible party if someone was to sue. They could reprimand the employee.Generally, no. The owner of the property, or the lessee in some cases, would be the responsible party if someone was to sue. They could reprimand the employee.
If a friend said you could leave your personal property in his shed indefinitely in California and His girlfriend took your property Who is responsible?
Your friend is responsible, because you trusted him to keep it safe for you, and he let you down.
Is your landlord responsible for damage to your personal property if the damage is caused by excess snow on the roof?
Unfortunately, landlords are not responsible for any one's personal property, unless you can prove negligence on the landlord sparked, which would have contributed to the damage to the property this is something that would be argued in court your best bet is to get renters insurance
Is a Cooperative real or personal property?
In the United States housing co-ops can be set up in various ways. Some co-ops are managed by a trust with the trust holding title to the property and some co-ops are set up as a corporation with the corporation holding title to the property. Residents are shareholders and specific units are leased with cost based on the size of the unit. As shareholders the shares are considered personal property.As for the entity that owns the building and the real estate upon which it stands, such as a trust or corporation, the property on which the coop is located is real property.
What is the population of Municipal Property Assessment Corporation?
The population of Municipal Property Assessment Corporation is 1,500.
Would an auctioneer in the US be legally responsible if someone is injured at the auction if the auctioneer does NOT own the property?
No, the auctioneer would not be legally responsible if someone got hurt at an auction. The auctioneer is only an employee.
How is a corporation treated as an individual?
A corporation is treated as a legal entity separate from its owners, meaning it can own property, enter contracts, sue, and be sued in its own name. This concept, known as corporate personhood, allows corporations to have rights and responsibilities similar to individuals, such as the ability to protect intellectual property and engage in legal proceedings. However, it also limits the personal liability of shareholders, protecting their personal assets from the corporation's debts and obligations.
What powers do the courts have when personal or private property is damaged or destroyed?
In the event that there is personal or private property which has been damaged or destroyed, the courts can help. The person with the damaged property can file a lawsuit against the person who is responsible for the damage. If the court finds in favor of the person who has filed the lawsuit, it will enter a judgment against the person who damaged the property, which will make them legally responsible for paying for the damage.
Is the landlord responsible for damaged to my personal property if the damage was caused an fire?
The landlord is generally only responsible for the building, not the belongings inside. That's what renter's insurance is for.
What is the symbol for Infinity Property and Casualty Corporation in NASDAQ?
The symbol for Infinity Property and Casualty Corporation in NASDAQ is: IPCC.
