Mar 24 2009, 09:46 PM
QUOTE(jasonhanjk @ Mar 24 2009, 09:39 PM)
If the the estate is under the company and there are only 2 share holder.
In the event of one declaring bankrupt, would the shareholder be automatically boot out from the company?
His/her shareholding will be seized or owned by liquidator or another party.In the event of one declaring bankrupt, would the shareholder be automatically boot out from the company?
So basically, it just being replaced by another shareholder(s), you can't take over it nor you are controlling 100% afterwards.
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