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Origins of limited liability



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).

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.