[DOWNLOAD] "Kilpatrick Bros., Inc. v. Poynter" by Supreme Court of Kansas * Book PDF Kindle ePub Free
eBook details
- Title: Kilpatrick Bros., Inc. v. Poynter
- Author : Supreme Court of Kansas
- Release Date : January 17, 1970
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 65 KB
Description
The opinion of the court was delivered by This is an action by creditors to "pierce the corporate veil"
and establish personal liability of individuals for corporate
debt. Plaintiffs are two foreign corporations who furnished materials
at different times to two Kansas corporations, Economotels, Inc.,
and Standard Buildings, Inc., the indebtedness for which was
evidenced by a promissory note and in the form of open account,
totaling approximately $13,000. When the indebtedness was not
paid plaintiffs brought suit upon it, naming as defendants the
two Kansas corporations, a successor third corporation, Modern
Structures, Inc., and two individuals, W.R. Poynter and his wife,
Rosalee Poynter. The amount of the indebtedness is not in
dispute. Recovery was sought against the Poynters on the theory
the corporations were mere shams for their individual business
enterprises and the alter ego of each, and hence each was
liable for the corporate indebtedness.