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CREDITORS PROTECTIVE ASS'N, INC. v. BAKSAY

573 P.2d 766 (1978)

32 Or.App. 223

CREDITORS PROTECTIVE ASSOCIATION, Inc., Respondent, v. Dr. Ivan BAKSAY, Dba Asco American Standard Corporation, Appellant.

Court of Appeals of Oregon.

Decided January 23, 1978.

Attorney(s) appearing for the Case

James K. Belknap, Portland, argued the cause and filed the brief for appellant.

Stamm F. Johnson, Lake Oswego, argued the cause and filed the brief for respondent.

Before TANZER, P.J., and JOHNSON and ROBERTS, JJ.

TANZER, Judge.

The issue in this case is whether, when a corporation is delinquent for failure to file its annual report with and pay its annual fees to the Corporation Commissioner as required by ORS 57.755 and 57.767 respectively, its officers or directors may be held personally liable for debts which they incurred on behalf of the corporation during the period of delinquency.

Defendant was the president of American Standard Corporation, which became delinquent...

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