SCOTX Ruling Confirms Individual Liability for Corporate Owners Who Commit Torts
By EsqSocial Corporation 15/01/25
In Texas, as most other states, it is long settled that corporate agents are personally liable for their own tortious or fraudulent conduct—even if the conduct was done in their capacity as a corporate agent. Section 21.223 of the Texas Business Organizations Code, however, provides that shareholders can be liable for corporate obligations only in certain limited circumstances. Originally published in the PLI Chronicle: Insights and Perspectives for the Legal Community - January 2025....
By: Hicks Johnson