What is the alter ego theory of liability?

The alter-ego theory allows a court to disregard a corporate entity in order to impose liability on a person or a subservient corporation for the corporation's misdeeds. The theory allows a defendant who is the victim of fraud, illegality or injustice to pierce the corporate veil to seek justice.

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Jury Instruction - 1.9.5.1 Corporation As Alter Ego Of Stockholder

San Bernardino California Jury Instruction - 1.9.5.1 Corporation As Alter Ego Of Stockholder

Name: San Bernardino California Jury Instruction - 1.9.5.1 Corporation As Alter Ego Of Stockholder
Brand: US Legal Forms
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Category:

Federal - Jury Instructions

State:

Multi-State

County:

San Bernardino

Control #:

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

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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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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

Tort Claims Against an Alter Ego May Be Considered an Action On a Contract for the Purposes of an Attorneys' Fees Award under California Civil Code section 1717.

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.

Definition. Legal doctrine whereby the court finds a corporation lacks a separate identity from an individual or corporate shareholder, resulting in injustice to the corporation's debtors.

California Law & the Doctrine of Alter Ego In a legal situation involving a corporation, an alter ego refers to a corporation that has become the handmaiden of shareholders or officials running the business rather than being run as an independent entity.

There are, nevertheless, two general requirements: (1) that there be a unity of interest and ownership that the separate personalities of the corporation and the individual(s) no longer exists, and (2) that, if the acts are treated as those of the corporation alone, an inequitable result will follow.

The alter-ego theory allows a court to disregard a corporate entity in order to impose liability on a person or a subservient corporation for the corporation's misdeeds. The theory allows a defendant who is the victim of fraud, illegality or injustice to pierce the corporate veil to seek justice.

The doctrine of disregarding the corporate entity because the corporation is the alter ego of others is applicable not only where the corporation is the alter ego of the individuals forming it but also where the corporation is so organized and controlled, and its affairs are so conducted as to make it merely an

San Bernardino California Jury Instruction - 1.9.5.1 Corporation As Alter Ego Of Stockholder

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Is alter ego a cause of action California?

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