Prof. Bainbridge punctures a couple of durable myths about the subject, pointing out that the idea of limited corporate liability, and the principle of treating corporations as legal persons, were by no means judicially devised innovations imposed by 19th century American courts (& more).
Origins of limited liability
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Rafael Mangual Project Manager, Legal Policy rmangual@manhattan-institute.org |
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Communications Manhattan Institute communications@manhattan-institute.org |