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The US Supreme Court has also made it clear in Burwell v Hobby Lobby Stores Inc that shareholder value is not a default or overriding aim of corporate law, [139] unless a corporation's rules expressly opt to define such an objective. In practice, many corporations do operate for the benefit of shareholders, but this is less because of duties ...
Corporate law (also known as company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations .
Pages in category "United States corporate law" The following 23 pages are in this category, out of 23 total. This list may not reflect recent changes. ...
Corporate law is a branch of law that examines the nature, creation and operation of legally incorporated businesses. For an overview, see the corporate law article. Wikimedia Commons has media related to Corporate law .
As pointed out by Sandro Nielsen in 1994, law dictionaries can serve various functions. The traditional law dictionary with definitions of legal terms serves to help users understand the legal texts they read (a communicative function) or to acquire knowledge about legal matters independent of any text (a cognitive function) – such law dictionaries are usually monolingual.
New York was the first state to enact a corporate statute in 1811. [3] The Act Relative to Incorporations for Manufacturing Purposes of 1811, allowed for free incorporation with limited liability, but only for manufacturing businesses. [4] New Jersey followed New York's lead in 1816, when it enacted its first corporate law. [3]
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A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in law for certain purposes.