· 4/18/1988
Scott v. AZL Resources, Inc.
Citations
- 107 N.W. 118
- 107 N.M. 118
- 753 P.2d 897
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- stating that piercing the corporate veil requires findings not only of instrumentality, but of improper purpose and proximate cause
- stating that piercing the corporate veil requires findings not only of instrumentality, but of improper purpose and proximate cause
- noting that a parent and a subsidiary are separate corporations and that the corporate veil must be pierced to hold the parent liable for the subsidiary's actions
- stating that there must be a showing that the financial setup 10 of the corporation is a sham or caused an injustice as a result
- refusing to pierce the corporate veil in order to hold parent corporation liable
- an essential element of the alter ego doctrine to pierce the corporate veil is proof of unity of interest and ownership
Source: CourtListener parenthetical corpus (CC0).
Judges: Stowers, Scarborough, Ransom
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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