Legal Question in Real Estate Law in New York
Commercial Condo
What liabilities do shareholders of an C-Corp have if their commercial property is foreclosed due to non payment?
Asked on 7/03/08, 7:25 am
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: Commercial Condo
There should be no liability as long as the shareholder did not sign a personal guarantee.
Mike.
Answered on 7/03/08, 8:23 am
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