Construct · 1 fields · 1 citations

pro rata shareholder tort liability: a standalone construct

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pro rata shareholdertort liability1 CONSTRUCTPro rata shareholderHANSMANN · CORPORATE LAW

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Corporate law

a proposed rule that shareholders bear corporate tort liabilities in proportion to their holdings, set against the limited liability default.

In corporate law, pro rata shareholder tort liability refers to a proposed rule that shareholders bear corporate tort liabilities in proportion to their holdings, set against the limited liability default. This meaning comes from Hansmann (1991) in The Yale Law Journal.[1]

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Nearby constructs

default3 fields · 3 citationsjingle · one word, three constructsliability2 fields · 2 citationsjingle · one word, two constructsproportion1 fields · 1 citationsanchor · a standalone construct

References

  1. Hansmann, H., & Kraakman, R. (1991). Toward Unlimited Shareholder Liability for Corporate Torts. The Yale Law Journal, 100(7), 1879. https://doi.org/10.2307/796812

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