DEEP ROCK DOCTRINE
Deep Rock doctrine.Bankruptcy. The principle 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 is named for a corporation that made fraudulent transfers
to its parent corporation in Taylor v. Standard Gas & Elec. Co., 306 U.S. 307, 59 S.Ct. 543 (1939).
[Cases: Bankruptcy 2968. C.J.S. Bankruptcy § 264.] [Blacks Law 8th]