piercing the corporate veil
(redirected from Lifting the corporate veil)

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piercing the corporate veil

A theory used to reach the assets of individual shareholders when there is a judgment against a corporation but the corporation has no assets to satisfy the judgment. In general, if the shareholders operated a business in complete disregard of the corporate form,meaning they never had shareholder meetings,never voted on anything,never used the corporate name on stationary or paperwork, commingled personal funds and corporate funds, and generally behaved as if the corporation did not exist, then a court will impose personal liability for corporate debts.

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Corporate Veil incorporate personal liability			He added: "In those circumstances, a prosecution would be not just in respect of the company but we would look at the possibility of lifting the corporate veil and charging the directors of the company. IRISH FERRIES WORKERS REMAIN DEFIANT: WE CAN HOLD OUT FOR WEEKS by The Mirror (London, England)			Life Underwriter Political Action Committee Life Underwriting Training Council Life with Guaranteed Term life-care facility Life-Cycle Budget Life-Cycle Costing Life-Cycle Fund life-of-loan cap life-support systems Lifecycle Fund Lifeline Account Lifestyle Fund lifestyle mall lifetime cap Lifetime Employment Lifetime Learning Credit Lifetime Reverse Mortgage LIFFE LIFO LIFO Liquidation Lift lift the automatic stay Lifted Lifting a Leg lifting clause Lifting the corporate veil lifting the stay light and air light industry Lighten Up Like-for-Like Sales like-kind exchange Like-Kind Property Likuta Lima Stock Exchange Limbo Limit Limit Cycles Limit Down Limit if Touched Limit Move Limit on Close Limit on Close Order Limit Order Limit Order Book Limit Order Display Rule Limit Order Information System Limit Price Limit Up Limit up, limit down Limit-On-Open Order			Lifting Equipment Engineers Association Lifting Gear Hire Corporation lifting guard lifting his leg lifting his leg lifting his leg lifting his leg Lifting Index lifting its leg lifting its leg lifting its leg lifting its leg Lifting jack Lifting machine lifting magnet lifting off lifting off lifting off lifting off Lifting Operations and Lifting Equipment Regulations lifting pin lifting pin Lifting pump lifting reentry lifting reentry vehicle Lifting rod Lifting sail Lifting Scheme Wavelet Transform Lifting Shadows Off A Dream lifting task Lifting the corporate veil lifting the lid off lifting the lid off lifting the lid off lifting the lid on lifting the lid on lifting the lid on lifting the stay lifting torque Lifting weights Lifting weights Lifting weights liftman liftoff liftoff Liftoff Maneuver Liftoff Test Lifton, Robert Jay lifts lifts lifts lifts lifts lifts a finger lifts a finger lifts a finger lifts a finger lifts a hand lifts a hand lifts a hand lifts a hand

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piercing the corporate veil (redirected from Lifting the corporate veil)

piercing the corporate veil
(redirected from Lifting the corporate veil)