Legal Question in Business Law in New York
Investment $ into personal acc
what law prohibits a corporate owner from putting investment money into a personal bank account instead of a corporate account with a bank?
Asked on 4/23/07, 8:54 pm
1 Answer from Attorneys
Robert R. Groezinger
GroezingerLaw P.C.
Re: Investment $ into personal acc
Well, if the money is given to a corpoartion, not to an individual, then the corporation might be sued for mis/malfeasaneance for misappropriating monies, among other things.
Good Luck
RRG
Answered on 4/23/07, 10:14 pm
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