What would be a reason for a court to pierce the corporate, Ask an Expert

Management Studies

What would be a reason for a court to "pierce the corporate veil" and hold corporate shareholders personally liable to a third party?

A. A corporation did not observe the legal formalities, such as holding monthly board meetings or annual meetings of shareholders.

B. A corporation was being used as the "alter ego" of one or more shareholders – for example, corporate and personal property was being commingled rather than kept separate.

C. A corporation was set up as a mere shell and is chronically undercapitalized.

D. All of the above.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91644433

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