Legal Opinion

Underwood v. Stafford

Supreme Court of North Carolina

Decided June 20, 1967No. 447PublishedCited by 40 opinions

1Opinion of the CourtBeanch, J.

G.S. 55-32 provides for the liability of directors in certain cases, and in each section where liability is imposed on directors, it is stated that the directors shall be “liable to the corporation.” G.S. 55-114(d) in pertinent part provides:

“The dissolution of a corporation shall not take away or impair any remedy available to or against such corporation for any right or claim, not covered by subsection (f) of this section, existing or for any liability incurred prior to such dissolution if the action or proceeding is commenced within two years after the filing of a certificate of completed…

2Cases cited17 opinions

  1. McIver v. Young Hardware Co.Supreme Court of North Carolina · 1907
  2. Douglass v. DawsonSupreme Court of North Carolina · 1925
  3. Fulton v. TalbertSupreme Court of North Carolina · 1961
  4. Coble v. Beall.Supreme Court of North Carolina · 1902
  5. Johnson v. Atlantic & North Carolina RailroadSupreme Court of North Carolina · 1902

12 more not listed; retrieve them via the Exa API.

3Cited by40 opinions

  1. Snyder v. FreemanSupreme Court of North Carolina · 1980
  2. Kaplan v. O.K. Technologies, L.L.C.Court of Appeals of North Carolina · 2009
  3. Booker v. EverhartSupreme Court of North Carolina · 1978
  4. Governor's Club, Inc. v. Governors Club Ltd. PartnershipCourt of Appeals of North Carolina · 2002
  5. Howell v. FisherCourt of Appeals of North Carolina · 1980

35 more not listed; retrieve them via the Exa API.

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