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PHILLIPS v. UNITED HERITAGE CORP.

No. 10-08-00161-CV.

319 S.W.3d 156 (2010)

Bradford A. PHILLIPS, Clifton Phillips, Ryan T. Phillips and F. Terry Shumate, Appellants, v. UNITED HERITAGE CORPORATION, a Utah Corporation, Appellee.

Court of Appeals of Texas, Waco.

May 26, 2010.

Attorney(s) appearing for the Case

Peter K. Rusek , Sheehy, Lovelace & Mayfield, Waco, Daren R. Van Slyke , Michael J. Rogers PC, Cleburne, for Appellants.

Mitchell Madden , Madden Sewell LLP, Dallas, for Appellee.

Elizabeth S. Miller , Atty. and Professor of Law, Waco, for Amicus Curiae.

Before Chief Justice GRAY, Justice REYNA, and Judge TROTTER.

OPINION

W. STACY TROTTER, Judge.

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 "piercing of the corporate veil" and the imposition...

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