Majority rules: Piercing the Corporate Veil to Reach Non-Shareholders
July 22, 2019
Is ownership of the company required before an individual be held liable for a corporation’s debts? The Idaho Supreme Court recently addressed this question as a matter of first impression and joined the majority of states holding that ownership is not required, and Idaho courts can pierce the corporate veil to reach non-shareholders if they have substantial control over the company’s operations.…
