Economics · Business Studies
If a limited liability company goes bankrupt because its liabilities far exceed its assets, a fully paid-up shareholder will be legally required to pay:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Nothing✓
- 2An amount that could, at most, equal the original cost of the shares
- 3A proportional share of all creditor claims based on the number of shares owned
- 4A proportionate share of debenture claims based on the number of shares owned
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