alter ego

Definition

Legal doctrine that lifts or pierces the 'corporate veil' (limited personal liability of the stockholders in a limited liability firm) and holds the directors and stockholders personally liable for the firm's debts. It is applicable generally where it can be shown that the firm is merely a conduit or front for the personal dealings of certain individual(s). And that, in effect, the firm does not exist as a separate and independent entity envisaged in the corporate legislation. Latin for, the other I.

单词	alter ego
释义	alter ego Definition Legal doctrine that lifts or pierces the 'corporate veil' (limited personal liability of the stockholders in a limited liability firm) and holds the directors and stockholders personally liable for the firm's debts. It is applicable generally where it can be shown that the firm is merely a conduit or front for the personal dealings of certain individual(s). And that, in effect, the firm does not exist as a separate and independent entity envisaged in the corporate legislation. Latin for, the other I.
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