LITIGATION Flashcards
Duties are covered separately. (2 cards)
1
Q
PIERCING THE CORPORATE VEIL
A
- Commingling of Corp Assets & Shareholder Personal Assets
- Corporate Formalities Not Followed
- Corporation Undercapitalized
- Corp Dominated/Controlled By Individual/Other Corp
- Alter Ego Theory
- Corporation Used To Commit Fraud
2
Q
DERIVATIVE SUIT
A
- Demand on Directors
- Demand on Shareholders
- Contemporaneous Ownership
- Security for Expenses
