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Excerpt from Declarations of Trust as Effective Substitutes for Incorporation
New Jersey, General Statutes, 1896, p. 2240 Ohio, General Code, 1910, Sec. 8059; New York, Joint Stock Association Laws, Con solidated Laws of N. Y. P. 1873-1870.
While these joint stock companies have an artificial edllljy, they do not provide against individual liability as uoes incorporation. They possess some of the character ist1cs of corporations and some of the characteristics of cc partnerships. However, they are organized under enabling statutes which enlarge the privileges possessed at common law, and they are, therefore, subject to State regulations, which may be equally burdensome to those imposed upon corporations. An organization under the common law, with no special privilege or franchise from legislative authority, is the organization that can do the same acts asan individual, with no further restrictions than are placed upon individuals. Such an organization is afforded by the declarations of trust herein set forth.
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Declarations of Trust as Effective Substitutes for Incorporation
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Paperback. Zustand: New. Print on Demand. This book delves into the legal benefits of setting up a trust against the traditional approach of incorporation. Specifically, it examines the advantages of establishing a trust over forming a corporation, providing a comparison of the two. The author notes that trusts can provide similar advantages to corporations, such as continuity and limited individual liability, but with greater flexibility and fewer restrictions. The book includes forms of declaration of trust for holding real estate and handling personal property, making it a valuable resource for those considering establishing a trust. This book provides insights into alternative and flexible organizational structures, making it beneficial for entrepreneurs, investors, and legal professionals seeking to optimize their business arrangements. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781331344179_0
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Declarations of Trust as Effective Substitutes for Incorporation (Classic Reprint)
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Declarations of Trust as Effective Substitutes for Incorporation (Classic Reprint)
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781331344179
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