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Source Piercing the Corporate Veil Piercing the Corporate Veil Matched to this deck.

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A parent owns all shares of a subsidiary, approves the annual budget, and lists the subsidiary product line on one corporate website. The subsidiary keeps its own payroll, bank account, contracts, and records.
Which statement is most accurate?

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A parent is not liable merely because it owns the subsidiary; veil piercing requires misuse of separateness such as domination, commingling, asset diversion, undercapitalization, or inequity. A parent corporation is automatically liable for every debt of a wholly owned subsidiary. A parent is never liable for a subsidiary debt under any circumstances. Shared branding alone always proves alter ego.

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