Sponsor tells Judiciary Committee bill would codify ‘piercing the corporate veil’ rules
Senate Bill 146 would codify elements of common‑law piercing‑the‑corporate‑veil doctrine into statute; sponsor said the measure is intended to limit suits that impose personal liability on employees and investors absent recognized veil‑piercing factors.
The full story
The Senate Judiciary Committee held the first hearing on Senate Bill 146, sponsor Senator Timken told the committee, and the bill would "codify the elements of the common law cause of action action for piercing the corporate veil." Senator Timken said the measure aims to set statutory standards for when the corporate form may be disregarded.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or