Continuation of proceedings: pending suits continue after company registration, execution barred against members; winding up available. Pending suits and legal proceedings against a company, its public officers or members continue after registration as if registration had not occurred, preserving procedural continuity; however, execution cannot issue against individual members' persons or property on decrees or orders from such proceedings, and if company assets are insufficient to satisfy a decree or order an order may be sought for winding up the company.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Continuation of proceedings: pending suits continue after company registration, execution barred against members; winding up available.
Pending suits and legal proceedings against a company, its public officers or members continue after registration as if registration had not occurred, preserving procedural continuity; however, execution cannot issue against individual members' persons or property on decrees or orders from such proceedings, and if company assets are insufficient to satisfy a decree or order an order may be sought for winding up the company.
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