Which of the following is not a reason that a court would likely pierce the corporate veil?
A) Shareholders attempt to commit fraud through a corporation.
B) Shareholders' personal interests and corporate interests are commingled such that the corporation has no separate identity.
C) A corporation did not follow statutory mandates regarding corporate business.
D) A corporation has de facto status.
E) A corporation lacks adequate capital when initially formed.
Correct Answer:
Verified
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