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It must be noted, however, that a litigant pursuing an alter ego theory of liability has an uphill fight.Courts are not likely to permit a litigant to “pierce the corporate veil” of a corporation and reach the assets of its parent shareholder, unless it is abundantly clear that the two corporations were indistinguishable as separate corporate entities and are operating as one corporation.The parent corporation, by virtue of its voting control of the subsidiary, has the power to hold the subsidiary accountable for its performance.Since the parent retains voting control, it has the authority to select the subsidiary’s directors.

There are many reasons why a business enterprise may establish a subsidiary corporation.

It’s been an exciting past couple of weeks judging your submissions, and we’re finally ready to announce the winners of our Stage Builder Contest for Yeah Jam Fury! This gnarly award goes to Drarky’s stage named “I miss the old pogo SFX” (sorry dude, perhaps a future DLC? This stage pushed our coordination skills to the limits by requiring extremely precise reaction time and control. After calming down and thinking critically about the situation we managed to finally snag that mango. All three winners of these categories will be receiving a 0 Amazon e Gift Card, a Steam Key for the game, copies of our soundtracks, as well as this poster of a real mango: Mango Poster Congratulations you three!

It may have taken 500 attempts to clear some of these stages but we’ve completed them all and are excited to share our top picks! This one goes to “The Keeper of The Forest” stage by Anton G. Our fingers became basically defunct once we finally cleared it. Before closing, we also have some runner-ups in each category that we think deserve honorable mention: First runner-up was Len’s stage named “YJF Printer: Yeah, Jam, and Fury”, a strong candidate for the Yeah League.

This board manages the business and affairs of the subsidiary, makes policy, selects its officers, provides oversight of the subsidiary’s activities, and functions as the subsidiary’s governing body.

The parent’s selection of the subsidiary’s directors is a critical exercise of authority.

This is a most important aspect of the parent’s control of its subsidiary.

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