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The mining company was registered as a no liability entity so that shareholders could settle company debts by surrendering shares rather than paying cash.
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The mining company was registered as a no liability entity so that shareholders could settle company debts by surrendering shares rather than paying cash.
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Related words
no liability
Noun
Australia
uncountable
Japanese Meaning
オーストラリアの事業・法律用語として用いられる「no liability」とは、鉱業会社などで採用される一形態の有限責任制度を指す。株主は、従来の出資金を超える追加の金銭的責任を負わず、会社の債務が発生した場合には、現金の代わりに自社株式を差し出すことで支払いに充てる仕組みである。
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