Monday 4 June 2012

In the Northeast Ethanol, LLC case,

In the Northeast Ethanol, LLC case, the court pierced the corporate veil after making a determination that

A. the ethanol plant was an unwise investment, against the best interest of the stockholders
B. the shareholders could not find financing to build the ethanol plant
C. the shareholders failed to capitalize the business adequately
D. the corporate directors were engaging in ultra vires activities
 

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