In certain instances of fraud, a court may "pierce the corporate veil" to hold the shareholders individually liable.

Name: In certain instances of fraud, a court may "pierce the corporate veil" to hold the shareholders individually liable.
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Question

In certain instances of fraud, a court may "pierce the corporate veil" to hold the shareholders individually liable.​

Quizplus · Accepted Answer

In cases where a corporation has engaged in fraud or illegal activities, a court may disregard the limited liability protection of the shareholders and "pierce the corporate veil" to hold them personally responsible for the company's actions.

In Certain Instances of Fraud, a Court May "Pierce the Corporate