Legal Question in Real Estate Law in New York

Commercial Condo
What liabilities do shareholders of an C-Corp have if their commercial property is foreclosed due to non payment?

Asked on 7/03/08, 7:25 am

1 Answer from Attorneys

Michael Markowitz Michael A. Markowitz, PC

0 users found helpful

0 attorneys agreed

Re: Commercial Condo

There should be no liability as long as the shareholder did not sign a personal guarantee.

Mike.

Answered on 7/03/08, 8:23 am

Mark as helpful

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