Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Terence O'Rourke:
Correct. We operate as an unlimited liability. We have unlimited liabilities. Not like a limited company, the partnership is an entity whereby if there are any liabilities incurred or obligations incurred, those obligations go back to the individuals, they do not stop at the corporate level.
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