Florida Bar Exam (MBE)

Piercing the corporate veil to hold shareholders personally liable requires proof that the corporate form was used to:

Limit shareholder liability Perpetuate fraud, promote injustice, or where the corporation was a mere instrumentality of the shareholder Distribute dividends Elect directors

Correct Answer:

Perpetuate fraud, promote injustice, or where the corporation was a mere instrumentality of the shareholder

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