The Law Student's Helper; A Monthly Magazine for the Student in and Out of Law School Volume 8

The Law Student's Helper; A Monthly Magazine for the Student in and Out of Law School Volume 8

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ... Jenks, of Cornell College, and other experts, by direction of Governor Roosevelt, are here given. The measure has been introduced in the Assembly by Assemblyman Allds, the majority leader of that body. In a. general way the measure is not, as has been popularly supposed, an anti-trust bill. It is rather designed to encourage the formation of trusts, under rigid restrictions, however that the governor believes will do much to legitimatize and popularize the formation of great combinations of capital. There is no embargo placed by the bill upon the incorporation of trusts or industrial enterprise in any way. The specific remedy provided by Professor Jenks and approved by Governor Roosevelt for the evils that now exist is the widest scope of publicity concerning the affairs of such undertakings. Primarily the bill is intended to bring into New York the enormous volume of incorporated capital that now finds its way into other States" which provide more liberal laws for their operation. tent as an individual person world." The effect of this provision will be to allow an even broader scope for the operation of capital than is permitted by either New Jersey, Vl/est Virginia, Delaware or Illinois. Moreover, a corporation is expressly authorized "To contract, incur obligations, and bind others in its favor to the same extent and in the same manner that a natural person may do.." This does away with all the restrictions existing at present as to the amount of indebtedness a corporation may incur and avoid all the penalties which the law now places upon the directors in excess of its capital stock. Directors and ofiicers are not required to reside in the State, but their regular meetings must be held here. Every more

Product details

  • Paperback | 76 pages
  • 189 x 246 x 4mm | 154g
  • United States
  • English
  • black & white illustrations
  • 1236977785
  • 9781236977786