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Free Legal Advice Philippines » GENERAL PRINCIPLES, UPDATES » LEGAL MATTERS, GEN PRINCIPLES, DOCTRINES, UPDATES » Commercial Law » Corporation Code » Trust Fund Doctrine

Trust Fund Doctrine

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1Trust Fund Doctrine Empty Trust Fund Doctrine Sun Oct 05, 2008 3:07 pm

corpo


Arresto Menor

Trust Fund Doctrine - the subscribed capital stock of the corporation is a trust fund for the payment of debts of the corporation which the creditors have the right to look up to satisfy their credits. Corporations may not dissipate this and the creditors may sue the stockholders directly for their unpaid subscriptions

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Free Legal Advice Philippines » GENERAL PRINCIPLES, UPDATES » LEGAL MATTERS, GEN PRINCIPLES, DOCTRINES, UPDATES » Commercial Law » Corporation Code » Trust Fund Doctrine

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