The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.


A creditor, liquidator, official receiver, stockholders or shareholders initiating a court action to examine the conduct of any past or present officeholder of a firm. The defendant will have to repay and compensate the firm for misappropriated or misapplied firm monies and property, if found guilty. The defendant is also known as the misfeasor.


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