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Although shareholders may receive profits from a corporation's business, __________. they share responsibility for the corporation's debts with the directors and officers they are only

Although shareholders may receive profits from a corporation's business, __________.

  • they share responsibility for the corporation's debts with the directors and officers
  • they are only liable for the corporation's debts if they are also a member of the board of directors
  • they are liable for corporate debts if the assets of the corporation are insufficient
  • they are generally not liable for the debts of the corporation

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