Tennessee Jury Instruction - 1.9.5.2 Subsidiary As Alter Ego Of Parent Corporation
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FAQ
Elements of Alter Ego Liability Establishing identical corporations with the same owner(s) Using the same staff or office location for both corporations. Failing to segregate personal assets from corporate assets (?co-mingling?) Owners using corporate assets to pay personal debts.
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 ego?for instance, think of Spider-Man, who is the alter ego to Peter Parker.
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.
To make a claim for alter ego under California law, a litigator would have to prove two key elements: Unity of Interests. The shareholders in question have treated the corporation as their ?alter ego,? rather than as a separate entity; and. Inequitable Result.
For example, if Ed shot Frank while he was attacking Joe with a knife, the criminal defense attorney would argue that if Ed was standing in Joe's shoes, he would have believed that he needed to use deadly force to defend himself.
To make a claim for alter ego under California law, a litigator would have to prove two key elements: Unity of Interests. The shareholders in question have treated the corporation as their ?alter ego,? rather than as a separate entity; and. Inequitable Result.