Nevada § 78.747 - Liability of another person for debt or liability of corporation
Full text of Nevada Nevada Revised Statutes § 78.747 — Liability of another person for debt or liability of corporation, with citation guidance and answers to common questions.
§ 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.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 78.747
What does Nevada Revised Statutes § 78.747 cover?
Section 78.747 ("Liability of another person for debt or liability of corporation") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 78.747?
A common citation format is "Nevada Revised Statutes § 78.747" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 78.747 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.