30.0155 Liability-Enforcement.
Cite as [A.S.C.A. § 30.0155]The following may enforce the liability imposed by 30.0154:
(1) the corporation, through its Directors;
(2) any person who by operation of law succeeds to the right or property of the corporation;
(3) any shareholder who first makes a demand on the Directors that suit be instituted by the corporation or who alleges that the demand would be useless;
(4) persons who were creditors at the time of the illegal dividend or dividends.
History: 1962, PL 7-20.
