Sentence Examples with the word limited liability

Gifted with eloquence and energy, he popularized in Italy the economic ideas of Schultze-Delitzsch, worked for the establishment of a commercial college at Venice, and contributed to the spread of people's banks on a basis of limited liability throughout the country.

The result of this decision was that any chemist who failed to pass the qualifying examination could constitute himself with a few others, even if ignorant of pharmacy, into a limited liability company, which would then have been outside the powers of the act, and not subject to its provisions.

It has been decided in the law courts that a limited liability company is not a person in the eye of the law, and therefore does not come under the operation of the act of 1868.