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CALIFORNIA CORPORATE & SECURITIES LAW

California Court Green Lights Reverse Veil Piercing Of Delaware LLC

Courts historically have applied the alter ego doctrine¬†to “pierce the corporate veil” so that a shareholder may be held liable for the debts or conduct of the corporation.¬† California has extended the possibility of alter ego liability to members of California limited liability companies: A member of a limited liability company shall be subject to…

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