2019 Delaware Code
Title 8 - Corporations
Chapter 1. General Corporation Law
Subchapter XIII Suits Against Corporations, Directors, Officers or Stockholders
§ 326 Action by officer, director or stockholder against corporation for corporate debt paid.

Universal Citation: 8 DE Code § 326 (2019)

When any officer, director or stockholder shall pay any debt of a corporation for which such person is made liable by the provisions of this chapter, such person may recover the amount so paid in an action against the corporation for money paid for its use, and in such action only the property of the corporation shall be liable to be taken, and not the property of any stockholder.

8 Del. C. 1953, § 326; 56 Del. Laws, c. 50; 71 Del. Laws, c. 339, § 72.

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