Hickman v. Hyzer

How courts have described this case

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

• holding that Georgia Code Section 14-2-640 is not a basis to pierce the corporate veil; rather it provides a method for a corporation to rescind improper payments to shareholders so that funds are available for payment of corporate debts
• “[w]hen a corporation becomes insolvent, its directors are ‘bound to manage the remaining assets for the benefits of its creditors’”
• “The law of corporations is founded on the legal principle that each corporation is a separate entity, distinct and apart from its stockholders. [Cit.]”

Source: CourtListener parenthetical corpus (CC0).