piercing the corporate veil
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.


piercing the corporate veil
v. Charging normally immune corporate officers, shareholders, and so on with personal liability for the corporation's wrongdoing.
See also corporate (corporate veil).

Webster's New World Law Dictionary. . 2000.

Look at other dictionaries:

  • 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

  • piercing the corporate veil — Judicial process whereby court will disregard usual immunity of corporate officers or entities from liability for wrongful corporate activities; e.g. when incorporation exists for sole purpose of perpetrating fraud. The doctrine which holds that… …   Black's law dictionary

  • piercing of the corporate veil — дословно протыкание корпоративной вуали , принцип, при котором суд или арбитраж может возложить ответственность не только на лицо, непосредственно причинившее вред, но и на его аффилированное лицо или руководителя, не считаясь с принятыми в… …   Glossary of international commercial arbitration

  • 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

  • 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 veil —    A judicial doctrine that allows a plaintiff to hold otherwise immune corporate officers and directors personally liable for damages caused by a corporation under their control. The veil (of immunity) is pierced when officers have acted… …   Business law dictionary

  • piercing the veil of corporate entity — See disregarding corporate entity …   Ballentine's law dictionary

  • 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

  • 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 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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”