There Is No Alter Ego Liability When The Creditor Knows There Is No Corn In the Husk

Ok, I admit Fusion Capital Fund II, LLC v. Ham, 2010 U.S. App. LEXIS 15962 (Aug. 2, 2010), does not deal with California law. The case caught my eye because it isn’t all that often that you see an opinion interpreting Nevada corporate law written by Chief Judge Frank Easterbrook and joined by Judges Richard A. Posner and Michael S. Kanne. Moreover, Nevada’s private corporation law has a special place in my heart because a large part of my legal writing ouvre has been dedicated to Nevada law. In 1993, I wrote what I believe was the first treatise on Nevada’s corporate law, Nevada Corporation Law & Practice. When the publisher was later acquired, I rewrote the book and it was published as Nevada Law of Corporations and Business Organizations. Both books are long out of print. However, I’ve teamed up with Jeffrey Zucker at Lionel Sawyer & Collins and a new Nevada Treatise will be published in the next several months. For those that are interested in Nevada corporations generally, this article in the Los Angeles Lawyer compares California, Delaware and Nevada law.

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Published In: Business Organization Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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