LegalFix
Sign In

NRS 78.747 - Liability of another person for debt or liability of corporation.

NV Rev Stat § 78.747 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

1. Except as otherwise specifically provided by statute or agreement, no person other than a corporation is individually liable for a debt or liability of the corporation unless the person acts as the alter ego of the corporation.

2. A person acts as the alter ego of a corporation only if:

(a) The corporation is influenced and governed by the person;

(b) There is such unity of interest and ownership that the corporation and the person are inseparable from each other; and

(c) Adherence to the notion of the corporation being an entity separate from the person would sanction fraud or promote a manifest injustice.

3. The question of whether a person acts as the alter ego of a corporation must be determined by the court as a matter of law.

(Added to NRS by 2001, 3170; A 2019, 99)

Previous Section
NRS 78.746 - Action against stockholder by judgment creditor; limitations.
Next Section
NRS 78.750 - Service of process on corporations.