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rispondere con il suo patrimonio

English translation: bears liability up to the value of its assets


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08:44 Jan 26, 2012
Italian to English translations [PRO]
Law/Patents - Law (general)
Italian term or phrase: rispondere con il suo patrimonio
"Nella società per azioni per le obbligazioni sociali risponde soltanto la società con il suo patrimonio."

I understand the concept but can't seem to phrase this right. So far I have:
"In joint stock companies only the company is liable for the corporate obligations using its assets. "

Better suggestions would be most welcome!
Imogen Hancock
Local time: 04:37
English translation:bears liability up to the value of its assets
Explanation:
I don't think you can translate with anything more literal
Selected response from:

Thomas Roberts
Grading comment
many thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3bears liability up to the value of its assets
Thomas Roberts


  

Answers


2 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
bears liability up to the value of its assets


Explanation:
I don't think you can translate with anything more literal

Thomas Roberts
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in ItalianItalian
PRO pts in category: 1604
Grading comment
many thanks

Peer comments on this answer (and responses from the answerer)
agree  Annalisa Degli Esposti
57 mins

agree  James (Jim) Davis
1 hr

agree  Peter Cox
7 hrs
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