instrumentality rule

instrumentality rule
A principle of corporate law that permits a court to disregard the corporate existence of a subsidiary corporation when it is operated solely for the benefit of the parent corporation, which controls and directs the activities of the subsidiary while asserting the shield of limited liability.

Dictionary from West's Encyclopedia of American Law. 2005.


instrumentality rule
A principle of corporate law that permits a court to disregard the corporate existence of a subsidiary corporation when it is operated solely for the benefit of the parent corporation, which controls and directs the activities of the subsidiary while asserting the shield of limited liability.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • instrumentality rule — Under this rule, corporate existence will be disregarded where a corporation (subsidiary) is so organized and controlled and its affairs so conducted as to make it only an adjunct and instrumentality of another corporation (parent corporation),… …   Black's law dictionary

  • instrumentality rule — Under this rule, corporate existence will be disregarded where a corporation (subsidiary) is so organized and controlled and its affairs so conducted as to make it only an adjunct and instrumentality of another corporation (parent corporation),… …   Black's law dictionary

  • criminal instrumentality rule — Where the wrong is accomplished by a crime, the crime and not the negligent act of the party which made it possible is the proximate cause . Foutch v. Alexandria Bank & Trust Co., 177 Tenn. 348, 149 S.W.2d 76, 85 …   Black's law dictionary

  • criminal instrumentality rule — Where the wrong is accomplished by a crime, the crime and not the negligent act of the party which made it possible is the proximate cause . Foutch v. Alexandria Bank & Trust Co., 177 Tenn. 348, 149 S.W.2d 76, 85 …   Black's law dictionary

  • alter ego rule — See instrumentality rule …   Black's law dictionary

  • alter ego rule — See instrumentality rule …   Black's law dictionary

  • alter ego rule — See instrumentality rule …   Black's law dictionary

  • alter ego rule — See instrumentality rule …   Black's law dictionary

  • government instrumentality doctrine — A rule that provides that any organization run by a branch of the government is immune from taxation. Dictionary from West s Encyclopedia of American Law. 2005. government instrumentality doctrine …   Law dictionary

  • SEC Rule 10b-5 — is one of the most important rules promulgated by the U.S. Securities and Exchange Commission, pursuant to its authority granted under the Securities Exchange Act of 1934. The rule prohibits any act or omission resulting in fraud or deceit in… …   Wikipedia

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