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| Author: | Sollars, G.G. |
| Title: | An appraisal of shareholder proportional liability |
| Journal: | Journal of Business Ethics
2001 : AUG II, VOL. 32:4, p. 329-345 |
| Index terms: | LIABILITY PROPERTY RIGHTS SHAREHOLDERS |
| Language: | eng |
| Abstract: | Unlike the equity holder in a partnership or proprietorship, the assets that a shareholder has distinct from her holdings in the enterprise can not be taken to satisfy liabilities arising from actions of the enterprise itself. This paper argues that a reasonable principle of fairness argues for an alternative to limited liability, proportional liability. |
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