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A CONSUMER COOPERATIVE Form

A CONSUMER COOPERATIVE Form

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at what point is a shareholder personally liable for a business's debts the loans are due and there's no fuel left in the tank in consumers co-op of walworth county versus olsen in 1977 chris olson opened a personal charge account with consumers co-op of walworth county three years later olson incorporated eco of elkhorn and put his account in eco's name olson owned over half of the stock in the corporation and his parents owned the remainder olson acted as president and general manager while the board of directors was made up of olsen and his parents eco's initial capitalization was around seven thousand dollars although olson claimed that the board of directors met several times per week there were records for only two formal meetings consumers co-op was eco's primary customer all business was conducted in eco's name which appeared on all equipment and correspondence in 1981 eco's financial conditions started to deteriorate and

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