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A corporation may be chartered in any of the 50 states (or the District of Columbia) and may become authorized to do business in each jurisdiction it does business within, except that when a corporation sues or is sued over a contract, the court, regardless of where the corporation's headquarters office is located, or where the transaction ...
The notion of a legally sanctioned corporation remains controversial for several reasons, most of which stem from the granting of corporations both limited liability on the part of its members and the status and rights of a legal person. Some opponents to this granting of "personhood" to an organization with no personal liability contend that ...
The Model Business Corporation Act (MBCA) is a model act promulgated and periodically amended by the Corporate Laws Committee of the Business Law Section of the American Bar Association (Committee). The MBCA had been adopted by 36 states and other jurisdictions. [ 1 ]
Case history; Prior: Compagnie Francaise de Navigation à Vapeur v. State Board of Health, 25 So. 591 (La. 1899) Holding; State quarantine law is reasonable exercise of police power in absence of federal preemption, and does not impermissibly affect interstate commerce nor violate Equal Protection, Due Process clauses or treaties with foreign governments.
The business judgment rule is a case-law-derived doctrine in corporations law that courts defer to the business judgment of corporate executives. It is rooted in the principle that the "directors of a corporation ... are clothed with [the] presumption, which the law accords to them, of being [motivated] in their conduct by a bona fides regard for the interests of the corporation whose affairs ...
The Louisiana Revised Statutes provide that the maximum penalty for the violation of a parish ordinance is a fine of $500 and imprisonment for 30 days in the parish jail, [9] and that the maximum penalty for the violation of an ordinance of a municipality organized under the mayor and board of aldermen form of government is a fine of $500 and ...
On Nov. 5, there was only one Constitutional Amendment on Louisiana voters' ballots. Passing this amendment allows certain federal funds be diverted to coastal preservation, as well as alterations ...
In 1837, Connecticut adopted a general corporation statute that allowed for the incorporation of any corporation engaged in any lawful business. [3] Delaware did not enact its first corporation law until 1883. Bank of the United States v. Deveaux, 9 U.S. 61 (1809) corporations have capacity to sue. Gibbons v.