piercing the veil of corporate entity


piercing the veil of corporate entity
See disregarding corporate entity.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • 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

  • Piercing the corporate veil — or lifting the corporate veil is a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders or directors. Usually a corporation is treated as a separate legal person, which is solely… …   Wikipedia

  • disregarding the corporate entity — See: piercing the veil Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc. Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

  • 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

  • disregard of corporate entity — To treat a corporation as if it did not exist for tax or certain other liability purposes. In such event, each shareholder would account for an allocable share of all corporate transactions possessing tax or other liability consequences. See also …   Black's law dictionary

  • 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

  • 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

  • Corporate law — (also company or corporations law) is the study of how shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community and the environment interact with one another under the internal rules of the firm.… …   Wikipedia

  • 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

  • Corporate governance — Not to be confused with corporate statism, a corporate approach to government rather than the government of a corporation Corporate governance is a number of processes, customs, policies, laws, and institutions which have impact on the way a… …   Wikipedia


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