Basic Corporation Law

by Vagts, Detlev F.

• ISBN13: 9780882776798
• ISBN10: 0882776797
• Edition: 3rd
• Format: Hardcover
• Copyright: 1989-01-01
• Publisher: Foundation Pr

Summary

Provides detailed information on basic corporation law. The casebook provides the tools for fast, easy, on-point research. Part of the University Casebook Series®, it includes selected cases designed to illustrate the development of a body of law on a particular subject. Text and explanatory materials designed for law study accompany the cases.

Table of Contents

Preface	iii
Table of Cases	xix
Table of Statutes	xxv
A General Introduction to Corporations	1	(17)
An Historical Perspective	1	(4)
An Economist's Perspective	5	(2)
A Managerial---Sociological Viewpoint	7	(2)
An Accountant's Perspective	9	(1)
The Legal Context of Corporation Law	10	(3)
On Being a Corporation Lawyer	13	(2)
Corporation Law and Ideology	15	(3)
Partnership	18	(17)
An Historical Note	18	(3)
Formation	21	(4)
Capitalization	25	(1)
Operation	26	(2)
Transferability and Continuity	28	(2)
Liabilities	30	(2)
A Note on Miscellaneous Business Organizations	32	(3)
Corporateness, or a Brief Study of The Corporate Personality	35	(41)
The Corporation as Subject or Object of Legal Rights	35	(20)
Corporate Personality and the Constitution	55	(21)
Forming the Corporation: Its Legal Structure	76	(25)
The Incorporation Process	76	(6)
Incorporation and Limited Liability	82	(16)
Liability for Pre-Incorporation Transactions	98	(3)
Forming the Corporation: Purposes and Powers	101	(30)
Forming the Corporation: Its Financial Structure	131	(65)
Introduction	131	(4)
Problems of Initial Capital Formation	135	(24)
``Stock-Watering''	135	(8)
Valuation of Consideration Received for Stock	143	(10)
Low Par and No Par	153	(6)
Balancing Debt and Equity	159	(8)
Public Distribution of Securities and its Regulatory Framework	167	(14)
The Registration Process and its Consequences	181	(15)
Managing the Corporation---The Role of the Board	196	(91)
General Introduction: What Managing Involves	196	(6)
Formal Aspects of Board Action	202	(7)
The Directors' Duty of Care	209	(15)
The Duty of Loyalty	224	(37)
The Corporate Opportunity Doctrine	261	(15)
The Role of the Lawyer in Board Action	276	(11)
Managing the Corporation---The Role of The Executive	287	(75)
The Duty to Supervise	289	(7)
Executives and Their External Representation of the Corporation	296	(11)
Loyalty and Tenure	307	(22)
Executive Compensation	329	(33)
Shareholders and Corporate Government	362	(93)
The Shareholders' Suffrage	362	(12)
Cumulative Voting	374	(11)
The Relative Power of the Shareholders	385	(18)
Proxy Regulation	403	(40)
The Fiduciary Duties of Shareholders	443	(12)
Shareholders' Derivative Suits	455	(81)
General Introduction	455	(6)
Distinguishing the Derivative Suit	461	(16)
Pre-Trial Maneuvers in Derivative Actions	477	(24)
Settlements	501	(9)
The Costs of Derivative Litigation	510	(26)
Reimbursement of Plaintiff's Costs	512	(5)
Security for Costs Legislation	517	(9)
Indemnification and Insurance	526	(10)
Transactions in Securities Already Issued	536	(101)
Introduction	536	(7)
Common Law Approaches	543	(8)
Federal Regulation of Insider Trading	551	(65)
Section 16(b) of the Securities Exchange Act	551	(12)
Rule 10b-5	563	(53)
Sales of Control	616	(21)
Financial Transactions of the Going Concern	637	(47)
Introduction	637	(5)
Additional Issues of Stock	642	(14)
Corporate Borrowing	656	(9)
Dividend Law and Policy	665	(11)
Stock Repurchases	676	(8)
Fundamental Changes---In Structure and Control	684	(67)
Introduction	684	(2)
Changes in Structure and Changes in Control	686	(18)
Takeovers and Tender Offers	704	(13)
Fundamental Changes and Minority Rights---Introductory	717	(1)
Voting Rights and Fundamental Changes	718	(7)
Fairness and Fundamental Change	725	(26)
The Close Corporation	751	(48)
Introduction	751	(6)
Rearranging Control of the Corporation	757	(20)
Drafting Arrangements on Stock Transfers---For or Against	777	(9)
Devices for Coping With Internal Dissension	786	(13)
Glossary	799	(14)
Index	813