78.747 - Liability of stockholder, director or officer for debt or liability of corporation. - Nevada Statutes

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.

      (Added to NRS by 2001, 3170)