Trust Fund Doctrine

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1. Under the trust fund doctrine, unpaid subscriptions are relevant because they constitute what?
2. Does Halley confine the trust fund doctrine exclusively to unpaid subscriptions in all circumstances?
3. Under Enano-Bote, may a creditor proceed directly against unpaid subscriptions solely by naming the trust fund doctrine…
4. An insolvent corporation has unpaid subscriptions and cannot satisfy a proved creditor claim. The creditor establishes …
5. A creditor alleges only that its solvent corporate debtor has not paid an invoice and that shareholders have unpaid sub…
6. An insolvent company distributes corporate assets to shareholders while leaving creditors unpaid. A shareholder says th…
7. A debtor corporation releases a subscriber's unpaid balance without valuable consideration, to creditors' prejudice. A …
8. Explain why Enano-Bote prevents treating the trust fund doctrine as automatic direct shareholder liability for every co…
9. Distinguish recovery of unpaid subscriptions from recovery of corporate assets distributed to shareholders in insolvenc…
10. A shareholder relies on a gratuitous release of an unpaid subscription that prejudices creditors. Explain the applicabl…
11. In Halley’s unpaid-subscription dispute, who bore the burden of proving the defense of full payment?
12. How did Halley characterize a receipt as evidence of payment?