A corporation is an artificial person that is created by governmental action. The corporation exists in the eyes of the law as a person, separate and distinct from the persons who own the corporation (i.e., the stockholders). This means that the property of the corporation is not owned by the stockholders, but by the corporation. Debts of the corporation are debts of this artificial person, and not of the persons running the corporation or owning shares of stock in it. The shareholders cannot normally be sued as to corporate liabilities. However, in this guaranty, the stockholders of a corporation are personally guaranteeing the debt of the corporation in which they own shares.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.Long Beach California Garantía continua de endeudamiento comercial por parte de accionistas corporativos - Continuing Guaranty of Business Indebtedness By Corporate Stockholders
State:
Multi-State
City:
Long Beach
Control #:
US-01108BG
Format:
Word
Instant download
Description
Free preview
