...loading...
iconUsericonCogsLoading
iconABCiconGlossaryiconFAQiconFAQ
iconSitemapiconWhatsNew

user comments

thank you, come again!
Froogle 1.1.1.7
iconShare
Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

ALTER EGO

the other self (Latin).

Under the doctrine of alter ego, the authorities will disregard the limited personal liability someone enjoys when he/she acts in a corporate capacity. Therefore, they will regard the act as his/her personal responsibility. To invoke the doctrine, it must be shown that:
(i) the corporation was a mere conduit for the transaction of private business; and

(ii) no separate identity [between the individual and the corporation] really existed.
see piercing-the-corporate-veil
Congratulations! You're now Froogled Up™ on what "Alter Ego" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,



www.FroogleMe.com
You Might Also Like