Deep Rock doctrine

Deep Rock doctrine
A principle in bankruptcy law by which unfair or inequitable claims presented by controlling shareholders of bankrupt corporations may be subordinated to claims of general or trade creditors. The doctrine received its name from the corporate name of the subsidiary involved in the leading case articulating the doctrine. Taylor et al. v. Standard Gas & Electric Co. et al., 306 U.S. 307, 59 S.Ct. 543, 83 L.Ed. 669

Black's law dictionary. . 1990.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • deep rock doctrine — n [from Deep Rock, a debtor corporation found to have been used for fraudulent transfers to its parent corporation in the Supreme Court case Taylor v. Standard Gas and Electric Co. ( Deep Rock ), 306 U.S. 307(1939)]: a doctrine holding that the… …   Law dictionary

  • Deep Rock doctrine — The Deep Rock doctrine is a rule of bankruptcy and corporate law in the United States, developed by the U.S. Supreme Court in the case of Taylor v. Standard Gas Co. , 306 U.S. 307 (1939). The rule requires that, where a subsidiary corporation… …   Wikipedia

  • Deep Rock doctrine — A principle in bankruptcy law by which unfair or inequitable claims presented by controlling shareholders of bankrupt corporations may be subordinated to claims of general or trade creditors. The doctrine received its name from the corporate name …   Black's law dictionary

  • Metal rock — Heavy metal (musique) Pour les articles homonymes, voir Heavy metal. Heavy metal Origines stylistiques Blues rock …   Wikipédia en Français

  • Math rock — Stylistic origins Experimental rock, post hardcore, post punk, noise rock, minimalism, avant garde jazz, progressive rock Cultural origins Late 1980s United States (Chicago, Pittsburgh, San Diego and Los Angeles) and …   Wikipedia

  • Taylor v. Standard Gas Co. — Taylor v. Standard Gas Co. 306 U.S. 307 (1939) is an important case decided by the U.S. Supreme Court, which laid down the Deep Rock doctrine as a rule of bankruptcy and corporate law. The rule requires that, where a subsidiary corporation… …   Wikipedia

  • Corporate law in the United States — is a collection of over 50 different systems of corporate law, or one law for each state. Two sources of law are, however particularly important: the Model Business Corporation Act (MBCA), drafted by the American Bar Association was influential… …   Wikipedia

  • Undercapitalization — refers to any situation where a business cannot acquire the funds they need. An undercapitalized business may be one that cannot afford current operational expenses due to a lack of capital, which can trigger bankruptcy, may be one that is over… …   Wikipedia

  • Corporate veil in the United Kingdom — The corporate veil in the United Kingdom is a metaphorical reference used in UK company law for the concept that the rights and duties of a corporation are, as a general principle, the responsibility of that company alone. Just as a natural… …   Wikipedia

  • JERUSALEM — The entry is arranged according to the following outline: history name protohistory the bronze age david and first temple period second temple period the roman period byzantine jerusalem arab period crusader period mamluk period …   Encyclopedia of Judaism

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”