Hystro Products, Inc. v. Mnp Corporation

How courts have described this case

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

• finding that the parent and the subsidiary did not observe corporate formalities because neither had separate books or financial statements or conduct board meetings
• finding an alter ego relationship where one corporation closely controlled the alter ego’s finances and paid the salaries of the alter ego’s officers, where the two corporations informally transferred money to one another, and where other corporate formalities were absent
• “Stock control and the existence of common officers and directors are generally prerequisites to the piercing of the corporate veil.”
• “Michigan law is not applicable because, although [defendant] was incorporated in Michigan, neither the negotiations for nor the performance of the contract had any connection to Michigan.”
• “The attempt to do corporate business without providing any sufficient basis of financial responsibility to creditors is an abuse of the separate entity and will be ineffectual to exempt the shareholders from corporate debts.”

Source: CourtListener parenthetical corpus (CC0).