Proceedings of the Annual Session of the Association (Volume 26)
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Proceedings of the Annual Session of the Association (Volume 26)

Proceedings of the Annual Session of the Association (Volume 26)


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905. Excerpt: ... REGULATION OF CORPORATIONS DISCUSSION BY THOS. H. HOGSETT, OF CLEVELAND; CHARLES T. LEWIS, OF TOLEDO, AND JUDGE HOWARD C. HOLLIS TER, OF CINCINNATI. "What changes, if any, can be made in the law defining the purposes for which corporations may be formed, and regulating their management, which would operate for the benefit of the public and obviate the necessity for Federal action on the subject." ADDRESS BY THOMAS H. HOGSETT. It is somewhat difficult to determine with any satisfaction just what the special committee who assigned this topic had in mind. As I have viewed the subject it was intended to cover the organization and management of Ohio corporations. If I am right in this then I am unable to see how the exercise of the power of the state in this respect could obviate or affect the necessity for Federal action on these subjects within the sphere of legislation by Congress as authorized by the Federal constitution. So far as this subect is concerned, Congress seems to derive its power mainly from the interstate commerce clause of the Constitution, so that it could only deal with corporations operating between the states. While in those causes Congress might in large measure regulate or control the action of such corporations, it is hard to see how it could regulate their management in any proper sense of the term, to say nothing of denning the purposes for which they are organized. Did the committee assume that it was within the power of Congress to pass laws authorizing the organization of corporations generally, and that the state might take some action by way of legislation that would obviate the necessity of the Federal government's resorting to this power of incorporation? We can hardly assume this to have been in the minds of the members of the...


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Product Details
  • ISBN-13: 9781154360936
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 80
  • Spine Width: 4 mm
  • Width: 189 mm
  • ISBN-10: 1154360938
  • Publisher Date: 04 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 159 gr


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