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actions) did not require the governmental certificates, but in it shareholders transmittedAll control over the enterprise in management hands, that is approximately the same as
In associations, active participants receive all completeness of the power for the account
Dormant partners. In the beginning of 1850th years the French economy worried
Fast lifting. Kommanditnye associations were established in large quantities, and shareholders and
Creditors quite often robbed blind. Before acceptance of the English companies act from 1856 many English firms For the sake of benefits of limited liability were registered in France as
Companies act liberalisations in 1856. But the same year France sharply
The capital in 581 million francs; one year later the corresponding size made
Only 74 million francs with. 218 - 218, in the same place. The same year lifting of the French
Economy it was replaced by recession, and some believed that two these events
Are interconnected. Other argument in favour of liberalisation of the French laws about
Corporations there was that the French investors who have lost possibility to purchase
Shares of the French companies, have started to put means in the foreign companies.
Like American states the European governments have faced that
Start to create the companies in neighbouring states. It was found out that It is impossible to forbid the corporations created in conditions rather The liberal foreign legislation to act on territories with more Restrictive laws on the business enterprises. According to
The constitution of the United States the corporations created in one staff, should
Were to admit corporations and all other states. Despite it, states
Had possibility to forbid the corporations founded in other states, to conduct
Affairs in their territory. 10 L. ed. 274. In XIX - the XX-th century beginning this process has excited
Set of disputes of what should be enterprise transaction In staff to require of it registration as the foreign Corporations, whether necessity of such registration by infringement is Constitutional laws of foreign corporation., Process Bank of v. Earle and 13 was the most important
Pet. 519 but has gradually received Expert distribution when foreign corporations could To be registered and acquire the right to business dealing in each staff. In
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