separate corporate entity
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 205 U.S. 364 - Peterson v. Chicago, Rock Island & Pacific Railway Co. · 1907Most cited · 94 citing opinions
The new corporation was a separate legal entity, and, whatever may have been the motives leading to its creation, it can only be regarded as such for the purposes of legal proceedings. ... notwithstanding the ownership of the stock in the Gulf company by the Pacific company, the former company transacts the business in Texas, and is a separate legal entity, authorized under the laws of Texas and legitimately carrying on business there.