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On the laws relating to joint-stock companies

2007
The limited liability act of 1856 has placed the law of joint-stock companies in a satisfactory state, so far as regards the position of the shareholders. They can obtain a charter of incorporation by simply ^plying for it, and the liability of shareholders is limited to the amount of the shares. But if the principle I have stated is sound ?
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The Development of the Joint Stock Company

1999
Jonathan Charkham, Anne Simpson
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