Abbott Foods of Georgia, Inc. v. ELBERTON POULTRY COMPANY, INC.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• person who was president, principal shareholder and only employee took loans and salary advances without board approval and engaged in other self-serving transactions
• evidence that sole stockholder used corporate funds to pay personal expenses relevant to determination of whether he used the corporate entity as a mere instrumentality to conduct personal affairs
• evidence that sole stockholder used corporate funds to pay himself salary advances and to make loan and insurance payments on his personal automobile relevant to determine whether corporate entity used as mere instrumentality to conduct personal affairs
• corporate veil pierced where president and principal shareholder paid himself substantial unauthorized salary advances during period when corporate checking account was substantially overdrawn and used corporate funds to make unauthorized loan and insurance payments on personal car
• abuse occurred when the president, majority shareholder, and only employee of a company paid himself salary advances from an overdrawn account and used company funds to purchase the stock of another company for himself and to make loans and insurance payments on his personal automobile

Source: CourtListener parenthetical corpus (CC0).