Porter v. Wootten

(After stating the foregoing facts.) Every corporation has an independent separate existence. In legal phrase it is a distinct entity. It does not lose its separate existence by reason of intimate relations with other corporations. There are in law certain methods by which corporations may merge or be consolidated. There are several ways in which corporations may be dissolved. But neither dissolution nor merger nor consolidation results from two or more corporations having the same officers in common, or the same board of directors or the same agents. The fact that one corporation owns the…