Anderson v. Stewart

Tom Glaze, Justice.

This appeal, certified to us by the court of appeals, poses the issue as to whether the trial court erred in applying the doctrine of “piercing the corporate veil” and holding shareholders in a limited liability company individually hable. We find no error, and affirm.

Appellants Jerry Anderson and Mike Stout are the owners of Check Mart of Hot Springs, LLC; appellant John Dunn is the former owner of Check Mart. Check Mart is a “payday lender,” or company that offers cash loans to customers in exchange for personal checks, drawn on the customer’s bank account, that are…