Business Contracts Can majority stakeholder in a company force a loan on other partners?

[fstep]

If the majority 51%+ stakeholder decides he wants to take out a loan for the business are all other partners responsible for repayment? As in can he force the debt on the other partners?

 

[army judge]

If the majority 51%+ stakeholder decides he wants to take out a loan for the business are all other partners responsible for repayment? As in can he force the debt on the other partners?

It depends on how the business is organized, what your articles of incorporation (or the partnership agreement says), and many other things unique to each business.
The general answer is YES.
I suggest you and the other concerned people consult with a local attorney.
Take all relevant business documentation if you decide to consult an attorney.