Legal Question in Business Law in Florida

Can an officer of a non profit be held personally liable in a 503(C)(7) corporation in Florida


Asked on 10/20/12, 6:55 am

1 Answer from Attorneys

Sanford M. Martin Sanford M. Martin, P.A.

Liable for what? An officer may be liable for any action which damages another for

which he is not protected or indemnified by the corporation. If he merely signed a

corporation contract which places all responsibility for performance of the contract

on the corporation, such action being within the corporation responsibility, and the

officer did acted solely within professional and legal standards, then the officer is

not liable. Otherwise, an officer can be held liable for an act which involves

misrepresentation, violation of corporation guidelines, or any criminal conduct.

You may want to define the alleged action and discuss it with an attorney.

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Answered on 10/20/12, 10:10 am


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