Munder v. Circle One Condominium, Inc.

How courts have described this case

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

• holding that the corporate veil may be pierced and stockholders held personally liable if there is “fraud, self-dealing, unjust enrichment and betrayal of trust”
• affirming final judgment in favor of association and against condominium developer where developer breached the bylaws while in control of the association
• directors, officers and stockholders may lose their insulation from liability for corporate acts if they engage in fraud, self-dealing, unjust enrichment or betrayal of trust
• developer retained full control of association because it did not create a board of directors and therefore was required to purchase fire insurance under the bylaws and is liable for the fire damage
• “Fraud, self-dealing, unjust enrichment and betrayal of trust, may well result in individual liability.”
• reversing lower court's finding of individual liability by condominium developer

Source: CourtListener parenthetical corpus (CC0).