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Connecticut Bar Exam
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Under Connecticut law, which of the following is NOT required to pierce the corporate veil and hold a shareholder personally liable for a corporation's debt?
The shareholder's failure to observe corporate formalities, such as holding annual meetings.
The shareholder exerted complete domination and control over the corporation.
The shareholder's control was used to commit fraud or an intentional wrong.
The shareholder's control and wrongful act proximately caused the plaintiff's injury.
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Correct Answer:
The shareholder's failure to observe corporate formalities, such as holding annual meetings.
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