piercing the veil of corporate entity

piercing the veil of corporate entity
See disregarding corporate entity.

Ballentine's law dictionary. . 1998.

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  • piercing the veil — A judicial doctrine that allows a plaintiff to hold otherwise immune corporate shareholders personally liable for the debts of or damages caused by a corporation under their control. The corporate veil can be pierced when shareholders have acted… …   Law dictionary

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  • disregarding corporate entity — Treating a corporation and the individual or individuals owning all its stock as identical; graphically stated, piercing the veil of the corporate entity. Anno: 1 ALR 610; 34 ALR 597 …   Ballentine's law dictionary

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  • corporate — cor·po·rate 1 / kȯr pə rət/ adj: of or relating to a business corporation corporate 2 n: a bond issued by a business corporation Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

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