Kings New York Jury Instruction - 1.9.5.2 Subsidiary As Alter Ego Of Parent Corporation
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FAQ
The alter egos may be triggered by stressors. The various alter egos may refuse each other, conflict with one another, be hostile to one another or not want to acknowledge the others existence.
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.
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.
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.
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.
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
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
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.
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.