internal affairs incorporation ultra vires waste n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
INTERNAL AFFAIRS, INCORPORATION & ULTRA VIRES/WASTE PowerPoint Presentation
Download Presentation
INTERNAL AFFAIRS, INCORPORATION & ULTRA VIRES/WASTE

Loading in 2 Seconds...

play fullscreen
1 / 6
stewart-johns

INTERNAL AFFAIRS, INCORPORATION & ULTRA VIRES/WASTE - PowerPoint PPT Presentation

134 Views
Download Presentation
INTERNAL AFFAIRS, INCORPORATION & ULTRA VIRES/WASTE
An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. INTERNAL AFFAIRS, INCORPORATION & ULTRA VIRES/WASTE Prof David K. Linnan LAWS #600 August 27, 2007

  2. INTERNAL AFFAIRS I BASIS OF THE DOCTRINE Choice of law versus constitutional aspects Differing policies & tests? Difference between regulating corporation’s external business in state versus “internal affairs”? “Doing business” tests versus?

  3. INTERNAL AFFAIRS II THREE CASES 1. McDermott v. Altman (Del) [subsidiary ownership & voting of parent shares 2. Wilson v Louisiana Pacific (CA) [pseudo or quasi-foreign corporation provisions, CA & NY particularly] [3. Vantagepoint Venture Ptrs v. Examen 871 A.2d 1108 (Del 2005)(on CA quasi- foreign corp)]

  4. ULTRA VIRES COMMON LAW VS MODERN CORP STATUTES Traditionally, contracts were void for lack of capacity under common law What are the new statutory rules & why?

  5. UV & WASTE WASTE ARGUMENTS TYPICALLY PERMITTED ACTIVITY BUT DISPROPORTIONATE, LIKE ULTRA VIRES 1. 711 Kings Highway (modern uv statute) 2. Sullivan v Hammer (Oxy & waste)

  6. INCORPORATION To the forms vs statutes