![]() ![]() In this article, the author examines undercapitalization law from Illinois and elsewhere and concludes that Illinois courts have not developed a coherent theory of undercapitalization as a justification for veil piercing. One of the most litigated issues in corporate law is whether the corporate veil should be pierced to hold shareholders personally liable. Map 2 Number of Private Practice Attorneys in Illinois by County per 1,000. ![]()
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December 2022
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