Re: New and exciting information

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Article #484

#484

From: Paul Klimstra
Date: Sat, 17 May 1997 00:00

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Peter Selk (bk078@torfree.net) wrote:
 
: Within the 
: constraints of the bylaws, the directors are free to dispose of tfn's 
: assets as they think best in pursuance of its objects.

Just out of interest, and of very little relation to the above topic, if
the TFN folds, do the directors become liable for its debts? I mean, if
they're free to spend the assets on a whim, shouldn't they be held
accountable for its debts?

--
<sic> <sic> <sic> The Parsing of the Beast

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From: ab837@freenet.hamilton.on.ca (Paul Klimstra)
Subject: Re: New and exciting information
Date: 1997/05/17
Message-ID: <5ljmq6$a2o@main.freenet.hamilton.on.ca>
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Organization: Hamilton-Wentworth FreeNet, Ontario, Canada.
Newsgroups: torfree.general,torfree.policy,torfree.hwsw,tor.general,can.infohighway