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Old 07-24-2005, 06:29 PM  
TheSaint
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Join Date: Jun 2003
Location: Everywhere at once
Posts: 991
Its not really true. Even if you only own 1% of a corporation, and are not an insider or director, it might be true that the corp's assets are not yours and can't be taken for your debts.

None the less, YOUR shares of that corporation can be taken, and sold to the highest bidder, so you have lost those assets that were "protected" anyway.
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