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Jury Instruction - 1.9.5.2 Subsidiary As Alter Ego Of Parent...

Kings New York Jury Instruction - 1.9.5.2 Subsidiary As Alter Ego Of Parent Corporation

Name: Kings New York Jury Instruction - 1.9.5.2 Subsidiary As Alter Ego Of Parent Corporation
Brand: US Legal Forms
Rating: 4.64 (366 reviews)

Category:

Federal - Jury Instructions

State:

Multi-State

County:

Kings

Control #:

US-11CF-1-9-5-2

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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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How to fill out Kings New York Jury Instruction - 1.9.5.2 Subsidiary As Alter Ego Of Parent Corporation?

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When a character lives more than one life, having a secret identity or taking on more than one personality, that alternate personality is their alter egofor instance, think of Spider-Man, who is the alter ego to Peter Parker.

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.

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.

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.

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

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.

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.

The truth is, we all have an alter ego, or two. Yes, whether you like it or not you have both an ego and an alter ego. As we allow ourselves to become aware of this, we will then find a heightened ability to 'engage in a creative play' with both our ego and our alter ego.

Corporations are viewed as separate from their owners under corporate law, so when an owner starts abusing their company for personal accounts, the company has essentially become the owner's alter ego.

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Kings New York Jury Instruction - 1.9.5.2 Subsidiary As Alter Ego Of Parent Corporation

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