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Chicago Kent Law Review Volume 59 Issue 1Article 2December 1982Piercing the Corporate Veil The Undercapitalization Factor Harvey GelbFollow this and additional works at: http://scholarship.kentlaw.iit.edu/cklawreview

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What is piercing form corporate veil?

Piercing the corporate veil is a legal concept that allows courts to hold individual shareholders or members of a corporation personally liable for the corporation's debts or actions.

Who is required to file piercing form corporate veil?

Any entity or individual involved in a corporation where there is an attempt to pierce the corporate veil may be required to file the form.

How to fill out piercing form corporate veil?

The form should be filled out with accurate and detailed information regarding the corporation and the reasons why the veil should be pierced.

What is the purpose of piercing form corporate veil?

The purpose of piercing the corporate veil is to hold individuals accountable for the actions or debts of a corporation when they have abused the corporate structure.

What information must be reported on piercing form corporate veil?

The form should include information about the corporation's structure, ownership, financial status, and the specific reasons why the veil should be pierced.

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