500 years ago the "corporation" was invented as a legal form to allow investors to engage in public works. Over the years, corporations gained the right to engage in any kind of business, but they were still convenient "legal fictions" until 1886 when the U.S. Supreme Court declared that corporations are "persons" and gave them the same rights as living human beings -- and more.
http://www.jashford.com/pages/worldcorps.html
No comments:
Post a Comment