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If the executives are found liable for wrongdoing, however, they are required to return the amounts advanced for their defense.
The indemnification provision at most companies requires an officer or director to commit to repaying any advances if the person is found liable for breaching a fiduciary duty or engaging in conduct designed to harm the corporation.
Not liable for fees.
Is BP liable for both whammies?
§ 25.153 Persons liable for tax.
"They are not liable for any crime".
Would they be liable for bad outcomes?
The jury found the son liable for negligence, and the corporate entities liable on other counts.
Will I be liable for this damage?
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CEO of Professional Science Editing for Scientists @ prosciediting.com