Home
E-Mail
Latest

Piercing The Veil

What is it? 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 is pierced when officers have acted intentionally and illegally, or when their actions exceeded the power given them by the companys articles of incorporation.

Added By: Hannah

The Piercing The Veil definition has been viewed 97 Time(s)!




Send To Friends!

If you'd like to send the Piercing The Veil definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Piercing The Veil. If you need any more information on this term, please don't hesitate to contact us.