§ 7-4-16. Survival of suits against officers, directors, and stockholders.
No suit against any officer, director, or stockholder for any liability or penalty created or imposed by the provisions of the general corporation law abates by reason of his or her death, but his or her estate is liable in the hands of his or her executor or administrator, who may voluntarily appear or may be summoned by the plaintiff to defend the suit.
History of Section.P.L. 1920, ch. 1925, § 47; G.L. 1923, ch. 248, § 47; G.L. 1938, ch. 116, § 47; G.L. 1956, § 7-4-16.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-4 - Business Corporations — Officers, Directors, and Stockholders
Section 7-4-1, 7-4-2. - [Repealed.]
Section 7-4-3. - Voting on stock held by fiduciaries and pledgees.
Section 7-4-4 - — 7-4-14. [Repealed.]
Section 7-4-15. - Rights and liabilities surviving death of officer, director, or stockholder.
Section 7-4-16. - Survival of suits against officers, directors, and stockholders.