It is relatively commonplace for corporations to allow their corporate officers to also use the company vehicle for personal use. In MacInnis v Rayner & Raylink, 2016 PESC 40, the PEI Supreme Court addressed the circumstances in which a court might pierce the corporate veil to find that the individual corporate officer is the true owner of the vehicle. In the case of a motor vehicle accident, such a finding may impose personal liability on the corporate officer.
PEI Court Addresses Common Law Vehicle Ownership and Piercing the Corporate Veil
December 2016
Cox & Palmer, PEI
