The rise of the uncorporation / Larry E. Ribstein.
2010
KF1361 .R53 2010 (Map It)
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Details
Author
Title
The rise of the uncorporation / Larry E. Ribstein.
Published
Oxford ; New York : Oxford University Press, [2010]
Copyright
©2010
Call Number
KF1361 .R53 2010
ISBN
9780195377095 (hbk. : alk. paper)
0195377095 (hbk. : alk. paper)
0195377095 (hbk. : alk. paper)
Description
xvi, 277 pages ; 24 cm
System Control No.
(OCoLC)366494511
Bibliography, etc. Note
Includes bibliographical references and index.
Record Appears in
Gift
Purchased from the income of the Edith L. Fisch Fund
Gift
The Arthur W. Diamond Law Library
Purchased from the income of the Edith L. Fisch Fund
Table of Contents
Ch. 1
Introduction
1
A.
Why Study Uncorporations?
1
B.
Uncorporations in the Economy
2
C.
Do Business Associations Matter?
3
D.
Theories of the Uncorporation
4
E.
Competition and Business Forms
9
F.
The United States and Around the World
9
G.
The Plot of the Book
10
Ch. 2
Theoretical Considerations
15
A.
Why Firms?
15
B.
Governing Firms
17
C.
Why Business Associations?
21
D.
Why Business Association Law
25
E.
Why Different Business Associations?
26
F.
The Architecture of Business Association Statutes
28
G.
The Evolution of Business Associations
31
H.
The Corporation and Uncorporation
36
Ch. 3
Partnership
39
A.
Early History
40
B.
The Nature of Partnership: Entity or Aggregate?
41
C.
Vicarious Liability
43
D.
Owners' Financial Rights
44
E.
Management
46
F.
Fiduciary Duties and Remedies
48
G.
Transferring Rights
51
H.
Exit
53
I.
Formation
55
J.
Limited Partnerships
60
K.
Joint Stock Companies and Limited Partnership Associations
62
Ch. 4
The Rise of the Corporation
65
A.
Corporate Features and Large Firms
67
B.
Could Partnerships Have Adopted Corporate Features?
76
C.
Limited Liability without Incorporation
80
D.
The Corporation and the Regulation of Governance
85
E.
International Comparisons
90
Ch. 5
The Problems of the Close Corporation
95
A.
Limited Liability and the Closely Held Firm
96
B.
Lock-in
97
C.
Other Corporate Rules
98
D.
The Corporate Tax: The Price of Limited Liability
99
E.
Other Roadblocks to Partnerships with Limited Liability
101
F.
The Close Corporation as Evolutionary Dead End
102
G.
Denial
103
H.
Judicial Acceptance
104
I.
Tax Accommodation of the Closely Held Corporation
112
J.
Full Statutory Authorization of Close Corporations
113
K.
Failure
116
Ch. 6
The Evolution of the Modern Uncorporation
119
A.
The LLC Revolution
119
B.
The Uncorporation Develops
123
C.
The Importance of Non-Organization Law
124
D.
The Rest of the Uncorporation Menagerie
125
E.
The Evolving LLC
131
F.
European Developments
133
Ch. 7
The Modern Uncorporation
137
A.
Member Shielding: Limited Liability
138
B.
Management
147
C.
Members' Financial Rights
156
D.
Fiduciary Duties: General Principles
165
E.
Fiduciary Duties in Specific Business Associations
169
F.
Dissociation and Dissolution
179
G.
Transferring Interests
182
H.
Taxes, Regulation, and Business Association Design
184
Ch. 8
Uncorporating the Large Firm
193
A.
The Troubles with Corporate Governance
195
B.
Incentives and Discipline in the Large Uncorporation
207
C.
Uncorporate Ungovernance
214
D.
Examples of Uncorporate Governance of Large Firms
222
E.
Why Uncorporate Now?
234
F.
The Future of the Large Uncorporation
237
Ch. 9
New Directions
247
A.
Convergence or Divergence of Business Forms
247
B.
The Long-Term Future of the Uncorporation
249
C.
The Uncorporation and Mandatory Rules
250
D.
Toward the Disappearance of the Close Corporation?
252
E.
The Socially Responsible Uncorporation
254
F.
Small vs. Large Firms?
255
G.
The Future of the Business Association
256
H.
Why the Uncorporation Matters
256
Table of Cases
259
Index
265