Reason for a court to pierce the corporate veil

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Reference no: EM13969490

What would be a reason for a court to "pierce the corporate veil" and hold corporate shareholders personally liable to a third party?

A. A corporation did not observe the legal formalities, such as holding monthly board meetings or annual meetings of shareholders.

B. A corporation was being used as the "alter ego" of one or more shareholders – for example, corporate and personal property was being commingled rather than kept separate.

C. A corporation was set up as a mere shell and is chronically undercapitalized.

D. All of the above.

Reference no: EM13969490

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