Pursuant to the __________ theory, when a corporation is so dominated and controlled by a single shareholder that the separate personalities of the shareholder and the corporation no longer exist, courts will ignore the corporate entity and hold the shareholder personally liable.

Question

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The alter ego theory is used to pierce the corporate veil and impose personal liability on a shareholder who has so dominated and controlled the corporation that the separate personalities of the shareholder and the corporation no longer exist. This occurs when there is an abuse of the corporate form resulting in injustice, fraud or illegal conduct.

Pursuant to the __________ Theory, When a Corporation Is So