Revamping Veil Piercing for All Limited Liability Entities: Forcing the Common Law Doctrine into the Statutory Age
42 Pages Posted: 17 Sep 2007
This article proposes that legislatures adopt a statutory provision codifying the best aspects of the veil piercing doctrine. The article beings with a brief history and description of the new limited liability entities and discusses some of the basic theories supporting limited liability. A genearl overview of the veil piercing doctrine and its likely application to these new entities follows. Finally this paper argues that the time is ripe to explore and implement ideas for accomplishing the goals of veil piercing in a more consistent manner.
Keywords: Corporate, Veil Piercing, Doctrine of Corporate Disregard, Limited Liability Entities
JEL Classification: Z00
Suggested Citation: Suggested Citation