Shopping Bag

0 item(s) in cart/ total: $0    view cart
Free Instant Delivery  |  No Sales Tax
Home > Case Law > Corporations  >  Court May Pierce The Corporate Veil Of An LLC
Court May Pierce The Corporate Veil Of An LLC
Court May Pierce The Corporate Veil Of An LLC Cartoons

Court May Pierce The Corporate Veil Of An LLC

Kaycee Land and Livestock v. Flahive; common law doctrine of piercing the corporate veil is not abrogated by the Limited Liability Company Act and may be used against limited liability company members in appropriate cases.
Your Price: $10.00

Select Usage (details) :

Related Cartoons

Interest and Independence are Different
Interest and Independence are Different
Orman v. Cullman; director is "interested" when he derives benefit from transaction that is not shared with other shareholders but lacks "independence" when his decision about transaction controlled directly or indirectly by another; disinterested.
Controlling Limited Partner May be Liable
Controlling Limited Partner May be Liable
Gateway Potato Sales v. G.B. Investment Co; A limited partner who is not also a general partner is not liable for the obligations of the limited partnership unless he takes part in the control of the business.
Limited Liability Partners
Limited Liability Partners
Kus v. Irving; Where members of a limited liability partnership share no benefit with a partner accused of misconduct, have no direct supervision or control, and have no knowledge of the partner's misconduct, they are statutorily protected.
LLC Cannot Be After The Fact Shield For Member Fraud
LLC Cannot Be After The Fact Shield For Member Fraud
Pepsi-Cola Bottling Co. v. Handy; Delaware law protects members and managers of an LLC from liability for obligations of the LLC solely by reason of being or acting as LLC members or managers, but not for other reasons; piercing the corporate veil.
LLC Agreement May Define Member Duties
LLC Agreement May Define Member Duties
Fisk Ventures, LLC v. Segal; Because LLCs are not creature of state but of contract, duties and obligations of the LLC members are as set forth in the LLC agreement; implied covenant of good faith and fair dealing; post hoc; sine qua non.
Securities Laws and False Statements
Securities Laws and False Statements
Pugh v. Tribune Co.; A participant in a fraudulent scheme is not liable under the securities laws unless he or she had a role in preparing or disseminating false statements.
Reliance On A Failure To Disclose
Reliance On A Failure To Disclose
Affiliate Ute Citizens v. United States; When liability under Rule 10b-5 is predicated on a defendant's failure to disclose a material fact, positive proof of reliance is not a prerequisite to recovery.
Cost Recovered In A Derivative Action
Cost Recovered In A Derivative Action
West Hills Farms v. RCO AG Credit, Inc.; When the court requires a plaintiff in a derivative action to post a bond for the defendant's anticipated attorney's fees and costs, the defendant may not recover costs or fees greater than that bond.
Dividends Are At Discretion of Board
Dividends Are At Discretion of Board
Baron v. Allied Artists Picture Corporation; When and in what amounts dividends will be declared rests in the honest discretion of the directors, assuming the absence of fraud or a gross abuse of discretion.
Preliminary Injunction Requirements
Preliminary Injunction Requirements
In re El Paso Corp. Shareholder Litigation; to obtain a preliminary injunction, must demonstrate (1) a reasonable probability of success on the merits, (2) will suffer irreparable harm, and (3) the balance of the equities
Imputed Knowledge
Imputed Knowledge
Carter v. Gugliuzzi; the knowledge of an agent acting within the scope of his or her authority is chargeable to the principal, regardless of whether that knowledge is actually communicated. Scope of employment.
LLC Fiduciary Duties
LLC Fiduciary Duties
Gatz Props., LLC v. Auriga Capital Corp.; Magic words like "entire fairness" or "fiduciary duties" are not required to impose fiduciary standards of conduct as a contractual matter.