Nev. Rev. Stat. § 78.747

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 78.747 - Liability of another person for debt or liability of corporation

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.

NRS 78.747

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

Amended by 2019, Ch. 19,§14, eff. 10/1/2019.

Added to NRS by 2001, 3170