Delaware Code Title 15 Sec. 5163 – Liability of corporation or officers
Current as of: 2023 | Check for updates
|
Other versions
In any trial under § 5161 or § 5162 of this title, the acts of any officer of a corporation, insofar as they affect or concern an employee or servant of such corporation, shall be taken and held to be the acts of the corporation, whether general or special authority as to such acts from the corporation is shown or not.
Terms Used In Delaware Code Title 15 Sec. 5163
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
Nothing contained in § 5161 or § 5162 of this title or in this section shall be construed to relieve any officer of a corporation from individual liability under such sections.
16 Del. Laws, c. 329, §§ ?1, 2; Code 1915, § ?1789; Code 1935, § ?1878; 45 Del. Laws, c. 147, § ?24; 45 Del. Laws, c. 148, § ?24; 45 Del. Laws, c. 149, § ?24; 15 Del. C. 1953, § ?5163;