« [ Back to Home ] »
<< Return to Law Dictionary Home

 

.

 

Law Dictionary Online

Search Legal Term
Web Bestonlinedictionary.com

[ Home ] [ Law Dictionary ] [ Medical Dictionary ] [ Computer Dictionary ]

A to Z Legal Definitions and Terms Search

| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q |
|
R | S | T | U | V | W | X | Y | Z |
 

pierce the corporate veil definition

v. to prove that a corporation exists merely as a completely controlled front (alter ego) for an individual or management group, so that in a lawsuit the individual defendants can be held responsible (liable) for damages for actions of the corporation. If a corporation has issued stock and held regular meetings of shareholders and directors, it is unlikely a judge will "pierce" the veil and limit the liability to the corporation, unless there is proof that the corporation was created to accomplish a fraud on those dealing with it.

See also corporation
 
 
 
<< Return to Law Dictionary Home Page
 


 

law dictionary, legal dictionary, online law dictionary, legal terms dictionary, online legal dictionary, legal definition, legal terms and definition, Best online Dictionary, Law Dictionary Software, Download Law Dictionary, law dictionary, legal dictionary, online law dictionary, legal terms dictionary, online legal dictionary, legal definition, legal terms and definition, Best online Dictionary, Law Dictionary Software, Download Law Dictionary

[ Home ] [ Law Dictionary ] [ Medical Dictionary ] [ Computer Dictionary ]
 

Advertisers : www.hobbyprojects.com, www.sciencelobby.com, www.hotgamecheater.com,
www.indianfoodrecipes.net www.joyeemukherjee.com, www.beautytipsforwomen.net

 

Best Online Dictionary .com

 

www.bestonlinedictionary.com Copyright ® All Rights Reserved