Personal liability definition

Personal liability means personal liability for a debt, liability, or other obligation of an organization which is imposed on a person that co-owns, has an interest in, or is a member of the organization:
Personal liability means personal liability for a debt,
Personal liability means personal liability for a debt, liability, or other obligation of an entity imposed, by operation of law or otherwise, on a person that co-owns or has an interest in the entity:

Examples of Personal liability in a sentence

  • Personal liability may be obtained if the Loan Agreement was obtained by actual fraud.


More Definitions of Personal liability

Personal liability means liability for a debt, obligation, or other liability of an
Personal liability means liability for a debt, obligation, or other liability of an organization that is imposed on a person that co‑owns, has an interest in, or is a member of the organization:
Personal liability means liability for a debt, obligation, or other liability of an organization which is imposed on a person that co-owns, has an interest in, or is a member of the organization: (1) by the governing statute solely by reason of the
Personal liability means liability for a debt, obligation, or other
Personal liability means individual financial
Personal liability. The University shall not be liable for damages to the employee’s personal property resulting from this telecommuting Agreement. Employee agrees to hold the University harmless for injury to others at the designated alternative worksite. The employee understands that Employee is responsible for tax consequences, if any, of this arrangement, and for conformance to any local zoning regulations.
Personal liability. The names "Atlas Funds" and "Trustees" refer respectively to the Trust created and to the Trustees, as trustees but not individually or personally, acting from time to time under an Agreement and Declaration of Trust dated as of May 15, 2003, as amended, to which reference is hereby made and a copy of which is on file at the office of the Secretary of State of Delaware and elsewhere as required by law, and to any and all amendments thereto so filed or hereafter filed. The obligations of "Atlas Funds" entered into in the name or on behalf hereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders or representatives of the Trust personally, but bind only the assets of the Trust and all persons dealing with any series of shares of the Trust must look solely to the assets of the Trust belonging to such series for the enforcement of any claims against the Trust. [Signature Page Follows]