Friday 23 May 2014

What are the legal obligations (if any) of a corporate company secretary (not a typist) in california?I found whole lists of duties, but wou...

Question

What are the legal obligations (if any) of a corporate company secretary (not a typist) in california?

I found whole lists of duties, but would like to know if the secretary can be held legally responsible for his actions or lack there of.

e.g. If an amendment to the articles is not lodged in time, or share holders have not been afvised in time of the anual shareholders meeting, etc...



Answer

If you mean can you be sued, in most situations probably not successfully but in almost all the company has to retain attorney to represent you and will have to pay the damages, if any.



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