WebSeitz/wikilog
z2002-02-22-c
Whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

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last edited by BillSeitz on Jul 31, 2008 12:25 am

Interesting discussion about the proper relation between a corporation and the law . The "Chicago school" says that corporations should break laws if doing so (net of penalties) would increase profits. Others say that historically a corporation was created with a specific charter after which it should dissolve (), and that just going into new businesses was considered [Ultra Vires] ("beyond the power"), and a shareholder or the attorney general could file for an injunction.


 



Bill Seitz, fluxent at gmail dot com, Weblog