lifting corporate veil

lifting corporate veil
Disregarding the corporate entity where to recognize it as something distinct from the incorporators or stockholders results in a violation of public policy. 18 Am J2d Corp § 14.

Ballentine's law dictionary. . 1998.

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  • lifting the (corporate) veil — in company law, the court s refusal to apply the normal rule that a corporation is a different legal person from its members: Salomon v . Salomon [1897] AC 22. Instances where this has been done are: (1) where a group of companies is an economic… …   Law dictionary

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