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LEGAL WORD

Corporate veil

Doctrine · Corporate law

Corporate veil

  • Type: Doctrine
  • Area of law: Corporate law

1 What it means

The separation between a company and its members. Courts can lift the veil in cases of fraud.

2 Use it in a sentence

The court lifted the corporate veil to reach the promoters.

3 Make it stick

Write your own sentence using Corporate veil about a case or topic you are studying this week, then check it against the meaning above.

4 Related words

Articles of AssociationDue diligenceFiduciary dutyMemorandum of AssociationSeparate legal entityWinding up

Legal dictionary: all 366 words · Today's Word of the Day · Weekly quiz

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