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Pursued under the law; and when the trustee or the trustee excites on behalf of

The juvenile or incapacitated person business, we consider them as

Representatives of the person for the sake of which blessing they also commence legal proceedings. But the law

No means always insisted that each individual is also the person.

(See: Maine, Ancient Law, pp. 128 - 141)] As a result the law of 1834, though it

Resolutely rejects the communication with legalisation of incorporated companies, in practice

Has carried out it.

There was still a problem of unlimited responsibility of shareholders on debts

The companies. In 1844 the parliament has founded a post of the registrar of the joint-stock

The companies, also has required registration of all "associations" having more twenty

Five participants and shares of the property supposing purchase and sale. During this period

Incorporated companies were more used not in the industry, and in trade: From 910 companies registered according to the law of 1844 between 1844 and 1856 years, only 106 were industrial [P. L. Cottrell, Industrial Finance, 1830 - 1914 (New York: Methuen, 1980), p. 44]. But even then

Responsibility of shareholders of the registered companies has not been still limited

The sum of their subscription to shares. According to Kotrellu, three parliamentary

The investigations, conducted in first half 1850th years, have revealed only one

The basis to allow free creation of corporations from the limited Responsibility: "to have the limited liability privilege

... Small, but all growing number of the companies are based abroad "[in the same place,

With. 40]. More fundamental reason could be implanted in Britain

The tradition to adapt commercial law articles to practice. The maximum classes

England could divide contempt of the French and Prussian aristocrats to To shopkeepers, but unlike Frenchmen they did not try to ennoble customs Businessmen, and unlike their Prussians did not disturb that distribution

Corporations can turn back an interest rate development in agriculture [there

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