{"id":363822,"date":"2013-01-28T16:34:14","date_gmt":"2013-01-28T21:34:14","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/dictionary\/definition\/pierce.html"},"modified":"2013-01-28T16:34:14","modified_gmt":"2013-01-28T21:34:14","slug":"pierce","status":"publish","type":"dictionary","link":"https:\/\/dictionary.findlaw.com\/definition\/pierce.html","title":{"rendered":"Pierce"},"content":{"rendered":"\n<div class=\"fl-index-heading\">\n    <p>term:<\/p>\n    <h1 class=\"fl-h1 fl-mb20\"><\/h1>\n\n    <dl class=\"fl-index-heading-description-list\">\n            <dt class=\"fl-mb10\"><p class=\"fl-text-bold\">vt<\/p><\/dt>\n        <dd><p><b>pierced<\/b><br \/>  <b>pierc&#183;ing<\/b><br \/>  <b>:<\/b> to see through the usually misleading or false appearance of &#91;the object of summary judgment is to the pleadings and allow a judgment on the merits &#8220;J. H. Friedenthal <i>et al.<\/i>&#8220;&#93; &#91;the Internal Revenue Service may attempt to the plain meaning of the agreement &#8220;W. M. McGovern, Jr. <i>et al.<\/i>&#8220;&#93; <br \/>  <b><br \/>  <b>pierce the corporate veil<\/b><br \/>  <b>:<\/b> to disregard the corporate entity and reach the personal assets of the corporation&#8217;s controlling parties <br \/>  <b>:<\/b> hold the controlling parties (as officers or shareholders) of a corporation personally liable for wrongful acts or debts of the corporation &#91;a&#8230;creditor in New York cannot <i>pierce the corporate veil<\/i> solely on grounds of inadequate capitalization &#8220;R. C. Clark&#8221;&#93; compare <i>corporate immunity<\/i> at <a href=\"https:\/\/dictionary.findlaw.com\/definition\/immunity.html\">immunity<\/a> <i>NOTE: An action to pierce the corporate veil is usually grounded on the corporation&#8217;s being an instrumentality or alter ego of the officers or shareholders and on some misuse (as fraud) of the officers&#8217; or shareholders&#8217; control over the corporation. <\/i> <br \/>  <\/b><\/p>\n<\/dd>\n<\/dl>\n    <div class=\"fl-index-heading-source\">Source: Merriam-Webster&#8217;s Dictionary of Law \u00a91996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What is &#8216;Pierce&#8217;? Learn more about legal terms and the law at FindLaw.com<\/p>\n","protected":false},"parent":358119,"menu_order":0,"template":"app\/Http\/Controllers\/Templates\/DictionaryArticleController.php","meta":{"_acf_changed":false,"_stopmodifiedupdate":false,"_modified_date":"","_autodraft_ids":[],"_cloudinary_featured_overwrite":false,"_sb_is_suggestion_mode":false,"_sb_show_suggestion_boards":false,"_sb_show_comment_boards":false,"_sb_suggestion_history":"","_sb_update_block_changes":"","_is_real_time_mode":false,"_realtime_collaborators":"","cf_checklist_status":[]},"dictionary_tags":[],"class_list":["post-363822","dictionary","type-dictionary","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/dictionary\/363822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/dictionary"}],"about":[{"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/types\/dictionary"}],"up":[{"embeddable":true,"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/dictionary\/358119"}],"wp:attachment":[{"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/media?parent=363822"}],"wp:term":[{"taxonomy":"dictionary_tags","embeddable":true,"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/dictionary_tags?post=363822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}