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piercing the corporate veil

piercing the corporate veil definition - legal

v

Charging normally immune corporate officers, shareholders, and so on with personal liability for the corporationÂ’s wrongdoing. See also corporate (corporate veil).

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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