Wyoming Jury Instruction - 1.9.5.1 Corporation As Alter Ego Of Stockholder

• Category: Federal - Jury Instructions
• State: Multi-State
• Control #: US-11CF-1-9-5-1
• Format: Word; Rich Text

Description

This form contains sample jury instructions, to be used across the United States. These questions are to be used only as a model, and should be altered to more perfectly fit your own cause of action needs.

Wyoming Jury Instruction — 1.9.5.1 Corporation As Alter Ego Of Stockholder In Wyoming, the jury instruction 1.9.5.1 revolves around the legal concept of a corporation being treated as the alter ego of its stockholder. This instruction is significant in cases where a party seeks to hold the stockholder personally liable for the corporation's actions or to pierce the corporate veil. When a plaintiff alleges that a corporation is merely the alter ego of its stockholder, they essentially claim that the stockholder has not treated the corporation as a separate legal entity and therefore should be personally responsible for the corporation's actions. For this determination, the jury is instructed to consider several key factors relevant to piercing the corporate veil. Some potential variations or types of Wyoming Jury Instruction — 1.9.5.1 may include: 1. "Piercing the Corporate Veil": This instruction discusses the circumstances in which a court may disregard the separate legal status of a corporation and hold the stockholder personally liable for the corporation's debts or actions. 2. "Unity of Interest and Ownership": This instruction explains that the jury must assess whether there is a complete unity of interest and ownership between the stockholder and the corporation, meaning that the stockholder treats the corporation's assets and liabilities as their own and vice versa. 3. "Fraud or Injustice": This instruction focuses on the element of fraud or injustice, which is often required to successfully pierce the corporate veil. The jury is directed to analyze whether the stockholder has used the corporation to perpetrate a fraud or injustice, thereby justifying personal liability. 4. "Undercapitalization": This type of instruction centers on whether the corporation was intentionally under capitalized by the stockholder, meaning that the stockholder did not provide enough financial resources for the corporation to operate independently. 5. "Dominion and Control": This instruction highlights the level of control the stockholder exercises over the corporation. Jurors must consider whether the stockholder manages and controls the corporation with no regard for its separate legal status. 6. "An Alter Ego Relationship": This instruction involves determining if an alter ego relationship exists between the stockholder and the corporation. It prompts the jury to evaluate the extent to which the stockholder uses the corporation to shield themselves from personal liability. These are just a few possible variations of Wyoming Jury Instruction — 1.9.5.1 Corporation As Alter Ego Of Stockholder that may be relevant in different situations. The exact instructions provided to the jury will depend on the specific circumstances and legal arguments presented in a given case.