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Consignments, churches, public clubs and other voluntary associations, as
As in the form of joint-stock companies, became a commonplace, it became easier to see in
Formation of corporation it is not so much creation certificate, how many certificate of the legal
Recognitions of existence of the group which have arisen outside of sphere politicians.
The registered corporations and the general corporation laws
The most serious attempt to prevent distribution of the joint-stock
The companies there was the law of 1720 known as the Exaggerated law, according to
Which incorporated companies became within the jurisdiction as a disorder source. On
Surfaces it did not look as doctrine application about concessions, as,
Unconditionally that the companies of this kind at times were really used in
The roguish purposes. But incorporated companies with such characteristic features
Corporations, as: ease of conveyance of property; stability
The management which are not dependent on personal structure of group; management through
Authorised representatives, instead of through proprietors, - were so
Are attractive that neither cases of frauds, nor risk of suit not
Could prevent their distribution to business practice. [Oscar Handlin and Mary
F. Handlin, "Origins of the American Business Corporation", in Frederic Lane
and Jelle C. Riemersma, eds. Enterprise and Secular Change (Homewood, Ill.:
Richard D. Irwin, 1953), pp. 102 - 124. It confirm: "the Exaggerated law not
Has mentioned many kinds of associations; by 1800 not incorporated joint-stock
The companies which were associations and not having the legal
Properties which could be received only through the act,
"Have reached that their financial resources were almost so, if not exactly
So, are liquid, as well as at the incorporated companies ". It is necessary
Partners coped without the incorporation certificate to evaluate flexibility of the old
Forms. "(The river 104). It quoted Armand it Dubois, The English Business
Company after the Bubble Act, 1720 - 1800 (New York: Commonwealth Fund, 1938),
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