Illinois | Business Law

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Asked on: 3/22/07, 1:35 pm

corporation not in good standing

Can a corporation that is not in good standing enter into a lease that is binding. Can the said corporation bring suit if the need occurs.

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Re: corporation not in good standing If it is not in good standing, the officers and shareholders may end up being personally liable for the debts of the corporation and no it can ...

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Burton Padove

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