A court will not pierce the corporate veil of a corporation simply because it is too thinly capitalized.

Name: A court will not pierce the corporate veil of a corporation simply because it is too thinly capitalized.
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Question

A court will not pierce the corporate veil of a corporation simply because it is too thinly capitalized.​

Quizplus · Accepted Answer

Courts may pierce the corporate veil if a corporation is too thinly capitalized, among other factors, as this can be seen as an attempt to avoid liability or obligations, showing an abuse of the corporate form.

A Court Will Not Pierce the Corporate Veil of a Corporation