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PrintCharging Orders for Corporations
In theory, the relationship among corporate shareholders is an impersonal one (as opposed to that in a partnership or limited liability company). Therefore, when satisfying an owner's personal debt liability, the law allows a creditor who has acquired the shares through attachment to participate in management of the corporation.
Thus, the creditor may vote the shares in favor of liquidation, or in other ways unfavorable to the debtor's interests. In a small, closely held corporation, this is a real possibility.
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