Question: hi i need an answer for this question its a multiple choose What is meant by the term statutory piercing of the veil? Indicate the

hi i need an answer for this question its a multiple choose

What is meant by the term statutory piercing of the veil? Indicate the appropriate response.

1. Statutory piercing is the situation where parliament passes a law against a particular company which they believe is guilty of wrongdoing.

2. Statutory piercing was the term used when a court finds a company liable for a crime.

3. Statutory piercing is an English doctrine whereby courts can regulate companies; it does not apply in Australia.

4.Statutory piercing is where a statute stipulates that individuals will not be given the protection of a separate legal entity of the company, where they committed a wrong on behalf of the company.

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