State Act

1272

Section 1272. Liability of shareholders for debts of the society

Portuguese Civil Code, 1867

Act no. none printed (index gives 0)1867In forceGoa (State Act)

Article 1272 – Liability of shareholders for debts of the society – Shareholders are not jointly liable for debts of the society nor are they liable beyond their share except where there is a stipulation to the contrary.