“Piercing the corporate veil” refers to a situation in which courts put aside limited liability and hold a corporation’s shareholders or directors personally liable for the corporation’s actions or debts. Veil piercing is most common in close corporations.
One may also ask, what is the meaning of veil?
: a piece of cloth or net worn usually by women over the head and shoulders and sometimes over the face. : something that covers or hides something else. veil. verb.
Regarding this, did Mike leave pierce the veil?
Pierce the Veil frontman Vic Fuentes recently claimed the band’s drummer and his brother, Mike Fuentes, left the rock group in 2017 after sexual misconduct accusations plagued the percussionist. … At the time, an accompanying statement from Mike noted that he was stepping away from the band.
Can you pierce the veil of an LLC?
Piercing the veil is a remedy in which courts will disregard the corporation or LLC’s separate existence. … Then, if the corporation or LLC fails to pay, the creditor will sue the shareholders or members, asking the judge to pierce the veil to hold the shareholder or member personally liable.
What does the veil symbolize in the Bible?
Similarly to fat, the veil, though physical, had such as great significance in the Bible. It symbolized the entrance to the presence of God, the humanity of Christ, the death of Jesus on the cross, obedience to authority and atonement of sins. Therefore, when interpreting the veil, you must bear this in mind.
What is a veil in Islam?
Hijab. The hijab is one name for a variety of similar headscarves. It is the most popular veil worn in the West. These veils consist of one or two scarves that cover the head and neck. Outside the West, this traditional veil is worn by many Muslim women in the Arab world and beyond.
What is the meaning of veel?
Noun. veel (plural veles) veal (the meat of a calf) A calf (young cow) quotations ?
