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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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