Quimbee logo
DMCA.com Protection Status
  • P
  • Piercing the Corporate VeilPiercing the Corporate Veil

Piercing the Corporate Veil


An exception to the general rule that a member has no personal liability for debts or obligations of the corporation. A court may pierce the corporate veil by setting aside the principle of limited liability and disregarding the corporate entity, if the corporate form has been abused in such a way that recognizing limited liability would work unfair harm or injustice.

Related Rules