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Corporations Ch. 41 History and Nature of Corporations

Part 10. Corporations Ch. 41 History and Nature of Corporations Ch. 42 Organization and Financial Structure of Corporations Ch. 43 Management of Corporations Ch. 44 Shareholders’ Rights and Liabilities Ch. 45 Securities Regulation

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Corporations Ch. 41 History and Nature of Corporations

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  1. Part 10 Corporations Ch. 41 History and Nature of Corporations Ch. 42 Organization and Financial Structure of Corporations Ch. 43 Management of Corporations Ch. 44 Shareholders’ Rights and Liabilities Ch. 45 Securities Regulation Ch. 46 Legal and Professional Responsibilities of Auditors, Consultants, and Securities

  2. 41 Chapter Forty-One History and Nature of Corporations

  3. History • American Corporation Law- Charters • Regulation- State • Incorporation- MBCA • Common Law • Nonprofit- MNCA • Internal Affairs

  4. Classifications • For Profit- General Incorporation Law • Professional Corporations • Publicly Held • Close • S Corporation • Not For Profit- Members • Government Owned

  5. Foreign/Alien Corp. • Domestic vs. Foreign • Due Process Clause • Commerce Clause • Foreign Corp. Suit • Taxation • Qualifying • Nonprofits

  6. Piercing Veil • Requirements • Domination • Improper Purpose • Defrauding Creditors- Thin Capitalization • Circumventing Statute • Evading Obligation

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