Piercing the corporate veil
Filed Under: Corporate and Commercial Law
1 definition found for this term.
Definitions are presented in the order source books were published (most recent first).
Source:
Disregarding the separate existence of the corporation by a court for a particular purpose — usually allowing a creditor of the corporation to enforce its claim directly against a shareholder of the corporation. Piercing the corporate veil for one purpose does not have any effect on the corporation for other purposes.