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
1 Answer from Attorneys
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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