as an individual for a wrong done by a third party to the corporation.” Stocks, 3 P.3d at 724 (quotation omitted). But Utah courts have also “recognized a narrow exception to the general rule regarding a shareholder’s capacity to bring an individual suit.” Id. Under the exception, a shareholder may “bring an individual cause of action if the harm to the corporation also damaged the shareholder as an individual rather than as a shareholder.” Harris, 893 P.2d at 596. Consequen eb. 15, 424 N.W.2d 870, 874 (1988) (“By itself, a shareholder’s status as a guarantor for the debt of the corporation ... does not entitle the shareholder to maintain an action against a third party for injury to the corporation.”); Pepe v. Gen. Motors Acceptance Corp., 254 N.J.Super. 662, 604 A.2d 194, 196 (1992) (<HOLDING>). Nonetheless, this is a difficult area of
holding that a shareholders status as a guarantor of a corporations debts did not give him standing to assert individual claims against a creditor of the corporation where the guarantees were never enforced and all of the injuries alleged were indirect damages suffered by the parties in their capacities as shareholders or employees holding that the plaintiffs causes of action were preempted because their claims were premised on the existence of an erisa plan holding that a shareholders status as a guarantor of a corporations debts did not give him standing to assert individual claims against the directors of the corporation where the shareholder was not seeking to enforce any specific obligations owed to him under the terms of the guarantee holding that shareholders status as personal guarantors of the debts of several automobile dealerships did not give them standing to assert claims against a creditor that provided the dealerships with floor plan financing where the causes of action pleaded by the shareholders all asserted losses sustained by them as a result of the destruction of their eorporations  and the claims were entirely derivative of causes of action which  belonged to the corporations holding that derivative actions do not require the support of a majority of shareholders or even all of the minority shareholders