Search results
Results from the WOW.Com Content Network
The Supreme Court has also acknowledged that one state's laws will govern the "internal affairs" of a corporation, to prevent conflicts among state laws. [22] So on the present law, regardless of where a corporation operates in the 50 states, the rules of the state of incorporation (subject to federal law) will govern its operation. [23]
Although uniform state legislation offers benefits in certain areas, such as interstate commerce, i.e. the Uniform Commercial Code, these benefits are less significant in corporation law where the "internal affairs" of a corporation are generally governed by the laws of its state of incorporation.
The federal Constitution created a "plurilegal federal union" in which there are four types of conflicts between different legal systems: federal vs. state, federal vs. foreign, state vs. state, and state vs. foreign. [1]
Articles of incorporation, also referred to as the certificate of incorporation or the corporate charter, is a document or charter that establishes the existence of a corporation in the United States and Canada. They generally are filed with the Secretary of State in the U.S. State where the company is incorporated, or other company registrar.
The law of most of the states is based on the common law of England; the notable exception is Louisiana, whose civil law is largely based upon French and Spanish law.The passage of time has led to state courts and legislatures expanding, overruling, or modifying the common law; as a result, the laws of any given state invariably differ from the laws of its sister states.
State governments are the primary regulators of annuities. Insurance departments in each state oversee the licensing of agents, the setting of policy and the financial stability of insurance ...
Missouri Secretary of State Jay Ashcroft on Tuesday went on the defensive after the state auditor claimed Ashcroft violated state law by failing to turn over cybersecurity reviews of local ...
A Missouri law that declares certain federal gun restrictions invalid is unconstitutional, a U.S. appeals court ruled Monday – the second time a federal court has struck down the sweeping state ...