can creditors claim only to the extent of the companys assetcooperative socities and companies ??

Asked by Raju | 9th Feb, 2018, 10:29: PM

Expert Answer:

Yes, the liability is restricted to the amount of capital contributed by the members in the society. Personal assets cannot be used to repay business debts.

Answered by Tharageswari S | 10th Feb, 2018, 02:56: PM

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