Associated corporations constitute a statutory limitations on the concept of separate corporate identities. In the legal sense, what is an associated corporation?

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An associated corporation is where one corporation controls another or where two or more are controlled by the same person. This constitutes a statutory limitation on the concept of separate corporate identities, as the controlling corporation may be held vicariously liable for the actions of its subsidiaries or associated corporations.

Associated Corporations Constitute a Statutory Limitations on the Concept of Separate