PIERCING THE VEIL
\pˈi͡əsɪŋ ðə vˈe͡ɪl], \pˈiəsɪŋ ðə vˈeɪl], \p_ˈiə_s_ɪ_ŋ ð_ə v_ˈeɪ_l]\
Definitions of PIERCING THE VEIL
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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
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- This term refers the Administration of files, documents records created received by an organization ensure proper authorization and procedure for handling or having access to records.