Nevada Business Associations; Securities; Commodities
Sec. § 78.747
Liability of stockholder, director or officer for debt or liability of corporation.


1.

Except as otherwise provided by specific statute, no stockholder, director or officer of a corporation is individually liable for a debt or liability of the corporation, unless the stockholder, director or officer acts as the alter ego of the corporation.

2.

A stockholder, director or officer acts as the alter ego of a corporation if:

(a)

The corporation is influenced and governed by the stockholder, director or officer;

(b)

There is such unity of interest and ownership that the corporation and the stockholder, director or officer are inseparable from each other; and

(c)

Adherence to the corporate fiction of a separate entity would sanction fraud or promote a manifest injustice.

3.

The question of whether a stockholder, director or officer acts as the alter ego of a corporation must be determined by the court as a matter of law.
Source
Last accessed
Nov. 19, 2019