adj
Of or relating to a
particular corporation or to corporations in general.
corporate law
The substantive law concerning business organizations and
transactions.
corporate opportunity doctrine
The common law principle that the directors,
officers, employees, and agents of a corporation may not use any information
obtained in their corporate capacity to exploit for their own personal benefit
a business opportunity that belongs, or should in fairness belong, to the
corporation.
corporate veil
The legal principle that a corporation is distinct from its owners
and that the corporationÂ’s shareholders are not personally liable for the
corporationÂ’s acts and debts. See also alter
ego,
piercing the corporate veil,
charter,
and
seal.