[Download] "Postal Instant Press" by Colorado Supreme Court * eBook PDF Kindle ePub Free
eBook details
- Title: Postal Instant Press
- Author : Colorado Supreme Court
- Release Date : January 20, 2008
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 82 KB
Description
Kaswa Corporation (Kaswa) appeals from an amended judgment entered after the trial court granted the motion of Postal Instant Press, Inc. (PIP), to add Kaswa as a defendant/judgment debtor. PIP had obtained the judgment against Shahid Rangoonwala, a former shareholder of Kaswa, for claims arising out of a franchise agreement to which Kaswa was not a party. In this case of first impression in California, we analyze authorities nationwide and hold a third party creditor may not pierce the corporate veil to reach corporate assets to satisfy a shareholders personal liability. Accordingly, we reverse.
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