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This article, prepared for the Business Law Prof Blog 2017 Symposium, examines the statutory grounds available to members who seek judicial dissolution of an LLC in all fifty states plus the District of Columbia. I also examined the judicial dissolution grounds in five model statutes: the 1992...
Persistent link: https://www.econbiz.de/10012926193
call into question existing normative and descriptive approaches to the disputation of limited liability and contribute to …
Persistent link: https://www.econbiz.de/10013150710
economic importance of the corporate form's hallmark features: legal personality, limited liability, transferable shares …
Persistent link: https://www.econbiz.de/10011674057
The paper investigates features of, and limits to, the right to information a shareholder of a Limited Liability …
Persistent link: https://www.econbiz.de/10013113256
of limited liability for individuals engaged in collective communications activities. Pseudonymity involves its own …
Persistent link: https://www.econbiz.de/10012778211
limited liability. What makes it special is that it may not be created by contract – or only under severe restrictions. Courts … in many jurisdictions curtail the rule of limited liability by doctrines such as “piercing the corporate veil”, exposing … shareholders to a creditor's claim and therefore to personal liability for the corporation's debts. The circumstances giving cause …
Persistent link: https://www.econbiz.de/10012958976
Limited liability is considered a “birthright” of corporations. The concept is entrenched in legal theory, and it is a …, are associated with disquieting effects. Without limited liability, efficiency may be severely compromised. With it …, involuntary tort creditors bear some of the cost of an enterprise. Most other proposals for reforming limited liability have been …
Persistent link: https://www.econbiz.de/10013039419
regulations or liability. This concealment leads to negative externalities and public harm. But what if private firms' superior … regulations? In Limited Liability and the Known Unknown, I argue that firms that desire limited liability for their investors … should be forced to pay what they believe limited liability is worth. This would have several salutary effects. Firms' choice …
Persistent link: https://www.econbiz.de/10012927870
pay their debts?This Article argues that security interests are best understood as a form of “limited liability property ….” Limited liability—the privilege of being legally shielded from liability that would normally apply—has long been considered … the quintessential feature of equity interests. But limited liability is in fact a critical feature of security interests …
Persistent link: https://www.econbiz.de/10012934382
the norms of capitalist legality. In this particular case, shareholder liability for unpaid workers' wages was first … politicians expressed similar concerns about the corporation, leading them to impose first shareholder and then director liability … and the limited liability of the makers and managers of corporations hardened into legal bedrock, the understanding of …
Persistent link: https://www.econbiz.de/10014219616