One of the principal benefits of a limited liability company is the insulation it provides its members against personal liability for company debts. It is, however, possible to lose that protection against personal liability. One situation where the members and managers can expose themselves to personal liability for company debts is when the company is dissolved and the members assume responsibility for paying the company’s remaining debts, winding up its affairs and distributing the company’s … Read more
Feb 23, 2017
Nov 3, 2016
An appellate court in Utah recently ruled that a woman appointed personal representative of her deceased husband’s estate could sue herself on behalf of her husband’s sole heir, herself, for negligently causing the motor vehicle accident that caused her husband’s death. The ABA Journal story is here.
The appellate decision is wholly insensitive to the absurdity of its conclusion. Of course, the purpose of such litigation where the only interested participants are me, myself … Read more