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

Asked by Raju 9th February 2018, 10:29 PM
Answered by 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 Expert 10th February 2018, 2:56 PM
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