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If Lakes Express is attempting to receive payment from the extra assets of a shareholder, it would be asking the court to pierce the corporate
If Lakes Express is attempting to receive payment from the extra assets of a shareholder, it would be asking the court to
pierce the corporate veil
Courts will ignore the corporate structure and make the shareholderowners personally liable when the corporate structure is
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for personal benefit or when the corporate form is
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from the controlling shareholder.
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