Shifting Board Duties for Corporations Operating within the Zone of Insolvency
Published in Business Law Section of the Washington State Bar Association, Summer 2009
Given the current economic climate, members of the Business Law Section are likely seeing an increased number of their clients worrying about thin cash flow and the threat of insolvency. Business clients often have reason to worry beyond their own balance sheets: the financial health of customers, distributors, and others in a company’s chain of business is critical as that company awaits payment for valuable goods delivered and services rendered.
For more information, contact Hilary Mohr.
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