Disappearance of limited responsibility in corporations

Abstract

The structuring of the various types of corporations that we have today has come about through historical events in civil and mercantile law, which have seen the participation of the precept of limiting the responsibility of the members to the limit of their contributions, thus contravening the fundamental principle that every individual should be responsible for his/her obligations with the totality of his current and even future assets; a principle which has again originated the removal of the limit of responsibility of the members in all types of corporations. Thus, the current situation in Colombia, due to legislative and jurisprudential evolution, is that there is no type of corporation in which the members have their responsibility capped at the limit of their investments.