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Articles in regional publications that pertain to a wide range of North Carolina-related topics.

Exceptions to Limited Liability of Shareholders: Piercing the Corporate Veil in North Carolina

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One of the reasons why many business firms incorporate is the limited liability feature of the corporate firm, but the shareholder’s liability for corporate obligations is limited to capital contributions. This article examines situations in which a corporation’s creditors and other claimants may have recourse against the personal assets of shareholders, and discusses legal procedures under the North Carolina Business Corporation Act.
Carolina Coast Business Review (NoCar HF 5001 C38x), Vol. 5 Issue 1, Jan 1987, p7-9, il, bibl, f