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A special and by far less common form of joint-stock companies, intended for companies with a large number of shareholders, is the publicly traded joint-stock companies, called allmennaksjeselskap and abbreviated ASA. A joint-stock company must be incorporated, has an independent legal personality and limited liability, and is required to have ...
An Act for limiting the Liability of Members of certain Joint Stock Companies. Citation: 18 & 19 Vict. c. 133: Dates; Royal assent: 14 August 1855: Repealed: 11 August 1875: Other legislation; Amended by: Joint Stock Companies Act 1856: Repealed by: Statute Law Revision Act 1875
A joint-stock company is a corporate form that dates back to the 16th century. It is a form of company in which ownership and liability is divided up by shares, which can be freely bought and sold.
Company Law. 19: 211. Freedman, C.E. (1979). Joint-Stock Enterprise in France 1807–1867: From Privileged Company to Modern Corporation. Chapel Hill, NC: University of North Carolina Press. Grossman, P.Z. (1995). "The market for shares of companies with unlimited liability: the case of American Express". Journal of Legal Studies. 24: 63.
This is the most popular business form in Kazakhstan. Almost any private business may be incorporated as an LLP (notable exceptions are banks, airlines, insurance companies, and mortgage companies, which must be incorporated in the form of a joint stock company).
The context for Adam Smith's term for "companies" in The Wealth of Nations was the joint-stock company. In the 18th century, the joint-stock company was a distinct entity created by the King of Great Britain as Royal Charter trading companies. These entities were sometimes awarded legal monopoly in designated regions of the world, such as the ...
The Joint Stock Companies Act 1844 (7 & 8 Vict. c. 110) was an act of the Parliament of the United Kingdom that expanded access to the incorporation of joint-stock companies. Before the act, incorporation was possible only by royal charter or private act and was limited owing to Parliament's protection of the privileges and advantages thereby ...
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