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Jury Instruction - 1.9.5.1 Corporation As Alter Ego Of Stockholder

Hillsborough Florida Jury Instruction - 1.9.5.1 Corporation As Alter Ego Of Stockholder

Name: Hillsborough Florida Jury Instruction - 1.9.5.1 Corporation As Alter Ego Of Stockholder
Brand: US Legal Forms
Rating: 4.84 (270 reviews)

Category:

Federal - Jury Instructions

State:

Multi-State

County:

Hillsborough

Control #:

US-11CF-1-9-5-1

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Instant download

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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.

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Nevada encourages business ventures and entrepreneurism by allowing individuals to form corporations as a shield against personal liability. Generally, individuals are considered separate from the corporations they control.

A doctrine whereby the mental state of the directors and officers who control and determine the management of the company can be attributed to the company, such as to render the company (and not ordinarily the directors and officers) liable in law in respect of the actions undertaken by its human controllers.

Alter ego is a legal doctrine whereby the court finds that a corporation lacks a separate identity from an individual or corporate shareholder. The court applies this rule to ignore the corporate status of a group of stockholders, officers, and directors of a corporation with respect to their limited liability.

Under the doctrine of "piercing the veil of corporate fiction," the court looks at the corporation as a mere collection of individuals or an aggregation of persons undertaking business as a group, disregarding the separate juridical personality of the corporation unifying the group.

Citing no less an authority than the California Supreme Court, the appellate court concluded, California law does not recognize an alter ego claim or cause of action that will allow a corporation and its shareholders to be treated as alter egos for purposes of all of the corporation's debts. The California Supreme

The alter ego doctrine is a procedure that creditors use when their judgment is against a corporation or LLC which is owned by, or controlled by, a sole shareholder.

N. a corporation, organization or other entity set up to provide a legal shield for the person actually controlling the operation. Proving that such an organization is a cover or alter ego for the real defendant breaks down that protection, but it can be difficult to prove complete control by an individual.

5th DCA 2003) states that under Florida law, a court may pierce the corporate veil if a person proves both that the corporation is a mere instrumentality or alter ego of the wrongdoer, and that the wrongdoer engaged in improper conduct in the formation or use of the corporation. Hilton Oil Transp.

Hillsborough Florida Jury Instruction - 1.9.5.1 Corporation As Alter Ego Of Stockholder

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Can an individual be an alter ego to a company?

What is the principle of alter ego?

Can an individual be an alter ego of a corporation?

What is doctrine of piercing the veil of corporate entity Philippines?

Is alter ego a cause of action in California?

Is alter ego a cause of action?

Does alter ego apply to LLC?

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Is the alter ego rule used in Florida?

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