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April 30, 2024 Rain | 51°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 165 WATER AND AQUEDUCT COMPANIES
  5. Section 22 Satisfaction of judgment against shareholders after dissolution

Section 22

Section 22: Satisfaction of judgment against shareholders after dissolution

Section 22. If no corporate property can be found to satisfy a judgment recovered against the shareholders after the dissolution, and it is not satisfied within six months after it is recovered, the judgment creditor may satisfy the same out of the private estate of the shareholders or any of them, as if the judgment had been against them in their private capacity.