To act as if the corporation was not truly a separate entity, see piercing the corporate veil.
Related Legal Terms & Definitions
- PIERCING THE CORPORATE VEIL Corporate law requires that a corporation be treated as it's own entity, separate from the…
- ULTRA VIRES Latin meaning act without authority or literally beyond powers. This term is frequently used in…
- ALTER EGO Usually referring to a company set up for no purpose except to act as a…
- COMMINGLING Mixing funds from different parties together, for example, running two different business via one personal…
- CORPORATE ENTITY The corporation itself, as opposed to its officers, directors and employees.
- ENTITY A unit that has a recognition, such as an organization, institution or corporation that has…
- CORPORATE Belonging to a corporation; as a corporate name. Incorporated; as a corporate body. Corporate authorities.…
- C CORPORATION One of the most common types of business corporations, usually used to refer to corporations…