Veil Piercing and the Untapped Power of State Courts

Catherine A. Hardee
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引用次数: 1

Abstract

The Supreme Court in recent years has embraced an antimajoritarian trend toward providing constitutional protections for the elite who own or control corporations. This trend is especially troubling as it threatens to undermine the balance found in state corporate law between private ordering for internal corporate matters and government regulation to police the negative externalities of the corporate form. The Court’s interventions also have the potential to leave vulnerable groups without the protection of religiously-neutral laws designed to prevent discrimination, protect workers, or provide essential services such as health care. While the Supreme Court has not yet explicitly preempted what has traditionally been the province of states, the Court has relied, both implicitly and explicitly, on its own controversial definitions of state law as the foundation on which to create speech rights for corporations and religious rights for corporate owners. Absent explicit federal preemption, states can and should fight back against this creeping federalization of state corporate law. This Article provides a roadmap. It suggests modest changes to the veil piercing doctrine that can help to restore, at least in part, the balance of power between states and their corporate creations. A state court signaling to business owners even a potential for piercing, and thus the potential for unlimited personal liability, could discourage corporations doing business in the state from seeking religious exemptions to neutrally applicable laws. Most importantly, these changes do not threaten to undermine the corporate control mechanisms that have allowed for efficient private ordering within corporations, nor will they allow corporations to avoid these third-party protections by reincorporating in a different state. Forcing the federal courts to confront state assertions of their right to limit and define corporations will, at the very least, require the Supreme Court to be transparent about the extent to which it intends to federalize state corporate law, advancing rule of law values like certainty and predictability that are important to individuals and corporations alike.
穿面纱与州法院未被利用的权力
近年来,最高法院接受了一种反多数主义的趋势,即为拥有或控制公司的精英提供宪法保护。这种趋势尤其令人不安,因为它有可能破坏国家公司法中存在的平衡,即私人为公司内部事务安排秩序与政府监管公司形式的负面外部性之间的平衡。法院的干预也有可能使弱势群体得不到旨在防止歧视、保护工人或提供保健等基本服务的宗教中立法律的保护。虽然最高法院尚未明确地优先考虑传统上属于各州的权利,但最高法院含蓄地或明确地依赖于其自己对州法的有争议的定义,以此为基础,为公司创造言论权利,为公司所有者创造宗教权利。如果没有明确的联邦优先权,各州可以也应该反击这种缓慢的州公司法联邦化。本文提供了一个路线图。它建议对“穿面纱”原则进行适度改革,至少在一定程度上有助于恢复国家及其企业之间的权力平衡。如果州法院向企业主发出信号,暗示他们甚至有可能被穿刺,从而有可能承担无限的个人责任,这可能会阻止在该州开展业务的公司寻求中立适用法律的宗教豁免。最重要的是,这些变化不会威胁到公司控制机制,这些机制允许公司内部有效的私人订购,也不会允许公司通过在不同的国家重新合并来避免这些第三方保护。迫使联邦法院面对各州对其限制和定义公司的权利的主张,至少要求最高法院对其打算将州公司法联邦化的程度保持透明,推进对个人和公司都很重要的确定性和可预测性等法治价值观。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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