Friday, June 29, 2012 2:36:36 PM
Now to my point I DID SAY in previous posts that under certain circumstances the corporate veil can be pierced. It is not as easy in Court as some here think that it is because it seems they do not want to believe it is.
“business judgment rule,”
A director’s actions, even if they prove incorrect, have strong protection from liability if the director acts in good faith, uses common sense and acts in a manner which the director reasonably believes is in the best interest of the shareholders.
IT IS HARD TO PROVE INTENT. Piercing the corporate veil like I said is possible but it is difficult to prove intent. You need to first vet & prove their intent, good luck, it is possible but I stand on my belief it will not be done. I SAID FIRST FRAUD HAS TO BE PROVED OR MALFEASANCE NOT STUPIDITY OR THE LIKE. No matter they would argue it was a mistake. So I stand on my words I covered all my bases.
The way in which you respond shows your anger. Anger prevents true dialog which is what is productive and makes a contribution.
I am not impressed.
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