Business, Legal & Accounting Glossary
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 company’s articles of incorporation.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Piercing The Veil are sourced/syndicated and enhanced from:
This glossary post was last updated: 23rd April, 2020 | 0 Views.