Maryland Jury Instruction - 1.9.5.2 Subsidiary As Alter Ego Of Parent Corporation

• Category: Federal - Jury Instructions
• State: Multi-State
• Control #: US-11CF-1-9-5-2
• 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.

Maryland Jury Instruction 1.9.5.2 Subsidiary As Alter Ego Of Parent Corporation is a legal instruction used in Maryland courts to determine if a subsidiary corporation can be considered the alter ego of its parent corporation. When a corporation creates a subsidiary, they often intend to maintain separate legal entities. However, in certain situations, the court may disregard the separate legal existence of the subsidiary and hold the parent corporation liable for the subsidiary's actions. This instruction is used to guide the jury in determining if such circumstances exist. Keywords: Maryland, jury instruction, subsidiary, alter ego, parent corporation There are two types of Maryland Jury Instruction 1.9.5.2 Subsidiary As Alter Ego Of Parent Corporation: 1. Factors determining alter ego status: This type of instruction provides the jury with a set of factors to consider in determining whether the subsidiary can be deemed the alter ego of the parent corporation. The factors usually include, but are not limited to, whether there is commingling of assets and finances, if the subsidiary is adequately capitalized, if the subsidiary is simply an instrumentality of the parent corporation, and if the parent exercises control over the subsidiary's operations. 2. Consequences of alter ego finding: This type of instruction explains the potential legal consequences if the jury determines that the subsidiary should be treated as the alter ego of the parent corporation. The instruction may address issues such as piercing the corporate veil, where the court disregards the separate legal existence of the subsidiary and holds the parent corporation responsible for its liabilities. It may also outline potential remedies and the extent of liability that may be imposed on the parent corporation. In summary, Maryland Jury Instruction 1.9.5.2 Subsidiary As Alter Ego Of Parent Corporation is designed to assist the jury in deciding whether a subsidiary corporation should be treated as the alter ego of its parent corporation. The instruction provides a framework for assessing various factors and determining the legal consequences of such a finding.