In order to pierce the corporate veil,a creditor needs to show that each shareholder does not actively participate in the management of the corporation.
Correct Answer:
Verified
Q1: During the early period of American history,the state
Q2: A corporation with one person who is
Q3: The directors and officers of a corporation
Q4: Greater contacts are needed to subject a
Q5: The purpose behind the Model Business Corporation
Q7: Government-owned corporations are created primarily to allow
Q8: Incorporating a business involves following state law.
Q9: A foreign corporation must incorporate in each
Q10: The U.S.Constitution gives the federal government the
Q11: A foreign corporation is one that conducts
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents