corporate veil

corporate veil. The legal assumption that the acts of a corporation are not the actions of its shareholders, so that the shareholders are exempt from liability for the corporation’s actions. See PIERCING THE CORPORATE VEIL. [Cases: Corporations

1. 3. C.J.S. Corporations § 8.]

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词条贡献者

法律翻译玉晶，毕业于英国一流的高级翻译学院，专注翻译各类与通用数据保护条例有关的法律文件。