63 Ill. App. 3d 23 - Stap v. Chicago Aces Tennis Team, Inc.’s Empirical Analysis
1978
Citation profile
15 federal appellate · 59 state decisions
How this case has been cited
Cited by 102 later decisions — most recently July 2017 · most notably 174 Ill. 2d 77 - Bryson v. News America Publications, Inc. (1996), Koch Refining v. Farmers Union Central Exchange, Inc. (1987)
15 federal appellate · 59 state decisions
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
Relationships
Relies on 15 Ill. 2d 272 - Martindell v. Lake Shore National Bank · Whitney v. Wyman · 50 Ill. 2d 115 - People Ex Rel. Scott v. Pintozzi · 20 Ill. App. 3d 514 - Gowdy v. Richter · 59 Ill. 2d 465 - H. F. Philipsborn & Co. v. Suson
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 102 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
““ ‘If a corporation is organized and carries on business without substantial capital in such a way that the corporation is likely to have no sufficient assets available to meet its debts, it is inequitable that shareholders should set up such a flimsy organization to escape personal liability. The attempts to do corporate business without providing any sufficient basis of financial responsibility to creditors is an abuse of the separate entity and will be ineffectual to exempt the shareholders from corporate debts. It is coming to be recognized as the policy of the law that shareholders should in good faith put at the risk of the business unincumbered capital reasonably adequate for its. prospective liabilities. If the capital is illusory or trifling compared with the business to be done and the risks of loss, this is a ground for denying the separate entity privilege.’ Ballantine on Corporations 302-03 (rev. ed. 1946).” ( 63 Ill. App. 3d 23, 28-29 .)”
1 later decision quote this exact passage · from the majority““[T]he failure to maintain adequate corporate records or to comply with corporate formalities (Matter of Bowen Transports, Inc. (7th Cir. 1977), 551 F.2d 171 ; Berlinger’s Inc. v. Beefs Finest Inc. [(1978), 57 Ill. App. 3d 319 , 372 N.E.2d 1043 ]); the commingling of funds and other assets (Wikelund Wholesale Co. v. Tile World Factory Tile Warehouse (1978), 57 Ill. App. 3d 269 , 372 N.E.2d 1022 ); the treatment by an individual of the assets of the corporation as his own (Finazzo v. Mid-States Finance Co. (1965), 63 Ill. App. 2d 161 , 211 N.E.2d 290 ); and the disregard of legal similarities and the failure to maintain arm’s length relationships among related entities (Matter of Bowen Transports, Inc.). Another factor that may be considered in determining whether injustice will result is whether the corporation was adequately capitalized. Gowdy v. Richter; State Bank of Cerro Gordo v. Benton (1974), 22 Ill. App. 3d 1007 , 317 N.E.2d 578 .””
1 later decision quote this exact passage · from the majority“For the doctrine traditionally known as “piercing the corporate veil” to apply, two requirements must be met — (1) there must be such unity of interest and ownership that the separate personalities of the corporation and the individual no longer exist; and (2) circumstances must exist that adherence to the fiction of separate corporate existence would sanction a fraud or promote injustice.”
1 later decision quote this exact passage · from the majority
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.