Piercing the Corporate Veil.¶
Legal Information Institute. Piercing the Corporate Veil.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Aspectual Individual
- Non-inheritance is load-bearing doctrine: a liability borne by the corporation-as-employer must not be inferred to attach to a shareholder simpliciter, which is exactly what the corporate-veil principle protects, and "piercing the veil" is the court's decision that, in a specific case, a property may leak from one bearer to the base.
This sourceStates the doctrine: courts ordinarily hold the corporation's liabilities apart from its shareholders (limited liability / the corporate veil), but in defined circumstances pierce the veil to hold shareholders personally liable — i.e., a ruling that a property (liability) may leak from the corporation-as-bearer to the base/shareholder.
- Non-inheritance is load-bearing doctrine: a liability borne by the corporation-as-employer must not be inferred to attach to a shareholder simpliciter, which is exactly what the corporate-veil principle protects, and "piercing the veil" is the court's decision that, in a specific case, a property may leak from one bearer to the base.
Verification¶
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Registry ID ref:af6b1d747609 · see in the full table