Legal Opinion
Bradford A. Phillips, Clifton Phillips, Ryan T. Phillips and F. Terry Shumate v. United Heritage Corporation, a Utah Corporation
Texas Court of Appeals, 10th District (Waco)
Decided May 26, 2010No. 10-08-00161-CVPublished
1Opinion of the Court
IN THE
TENTH COURT OF APPEALS
No. 10-08-00161-CV
Bradford A. Phillips, Clifton
Phillips, Ryan T. Phillips and F.
Terry Shumate,
Appellants
v.
United Heritage Corporation, a
Utah Corporation,
Appellee
From the 249th District Court
Johnson County, Texas
Trial Court No. C200500312
Opinion
It is a fundamental principle that the corporate structure normally insulates shareholders, officers, and directors from individual liability for the debts, liabilities, and obligations of the corporation. See Willis v. Donnelly, 199 S.W.3d 262, 271-72 (Tex. 2006). Nevertheless, their abuse of this privilege can result in the…
2Cases cited41 opinions
- City of Keller v. WilsonTexas Supreme Court · 2005
- State v. ShumakeTexas Supreme Court · 2006
- City of San Antonio v. City of BoerneTexas Supreme Court · 2003
- Duncan v. Cessna Aircraft Co.Texas Supreme Court · 1984
- Texas Department of Transportation v. City of Sunset ValleyTexas Supreme Court · 2004
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