The Law Dictionary

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

What is MISFEASANCE PROCEEDINGS

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.

Disclaimer

Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.