PIERCING THE VEIL
\pˈi͡əsɪŋ ðə vˈe͡ɪl], \pˈiəsɪŋ ðə vˈeɪl], \p_ˈiə_s_ɪ_ŋ ð_ə v_ˈeɪ_l]\
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A judicial doctrine that allows a plaintiff to hold otherwise immune corporate officers and directors personally liable for damages caused by a corporation under their control. The veil is pierced when officers have acted intentionally and illegally, or when their actions exceeded the power given them by the company's articles of incorporation.
By Oddity Software
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.
Nearby Words
- pierced
- piercel
- piercer
- piercing
- piercing the corporate veil
- piercing the veil
- piercingly
- piercingness
- pierdue
- pierglass
- pierian