First Bank & Trust Co. v. Zagoria

Clarke, Justice.

We granted certiorari in this case to address the following question: Where an attorney, who is a shareholder of a professional corporation engaged in the practice of law, issues checks to clients in connection with real estate and other loan closings, and these checks are dishonored because withdrawals from the corporate checking account on which they were drawn left insufficient funds therein, does another attorney, who is a shareholder of the corporation but who was not personally involved in the closings or withdrawals, become personally liable for the dishonored checks?…