Glossary entry

Italian term or phrase:

illimitatamente responsabili

English translation:

unlimited liability

Added to glossary by Michael Deliso
Jun 22, 2005 13:48
19 yrs ago
8 viewers *
Italian term

illimitatamente responsabili

Italian to English Law/Patents Law (general)
I am having a bit of trouble understanding the following sentence in company by-laws ""Gli amministratori, non possono assumere la qualità di soci illimitatamente responsabili in societàà concorrenti"" I know the meaning of the rest but the meaning of** qualità di soci illimitatamente responsabili** escapes me..

Proposed translations

+2
5 mins
Selected

unlimited liability

...The Administrators (managers) cannot become partners (shareholders) with unlimited liability in competor companies...
Michael, for "qualità" read = funzione, it's one of those Italian quirks
Peer comment(s):

agree Altrum : Yes, of course !
3 mins
agree isabel meyer
5 mins
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4 KudoZ points awarded for this answer. Comment: "Hi Vittorio, thanks very much..this one had me a bit confused..thanks again for clearing-up the meaning "
6 mins

with unlimited responsibility

>>Limited Partnership: The liability of investor partners is limited. >>There must be at least one general partner with unlimited responsibility

http://www.smallbusiness-start.com/us-government-regulations...
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