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Author Bainbridge, Stephen M., author
Title Limited liability : a legal and economic analysis / Stephen M. Bainbridge, William D. Warren Distinguished Professor of Law, University of California, Los Angeles, USA, M. Todd Henderson, Michael J. Marks Professor of Law, University of Chicago, USA
Imprint Cheltenam, UK : Edward Elgar Publishing, [2016]
book jacket
 Fu Ssu-Nien WTN LANG BK  K1315 B162 2016    AVAILABLE    30530001268226
 人文社會聯圖  K1315 .B35 2016    AVAILABLE    30660020174145
Descript xvii, 315 pages ; 25 cm
text txt rdacontent
unmediated n rdamedia
volume nc rdacarrier
Note Includes bibliographical references and index
Introduction -- History of Limited Liability -- Why does the law limit corporate shareholders' liability? -- veil-piercing standards -- What law applies? -- Veil piercing in statutory contexts -- Related doctrines -- Veil piercing in unincorporated entities -- Limited liability in comparative perspective -- Rethinking veil piercing -- Conclusion
"The modern corporation has become central to our society. The key feature of the corporation that makes it such an attractive form of human collaboration is its limited liability. This book explores how, by allowing those who form the corporation to limit their downside risk and personal liability to only the amount they invest, there is the opportunity for more risks taken at a lower cost. This comprehensive economic analysis of the policy debate surrounding the laws governing limited liability examines not only in an American context, but also internationally, as the authors consider issues of limited liability in Britain, Europe, and Asia. Stephen M. Bainbridge and M. Todd Henderson begin with an exploration of the history and theory of limited liability, delve into an extended analysis of corporate veil piercing and related doctrines, and conclude with thoughts on possible future reforms. Limited liability in unincorporated entities, reverse veil piercing and enterprise liability are also addressed. This comprehensive book will be of great interest to students and scholars of corporate law. The book will also be an invaluable resource for judges and practitioners"-- Provided by publisher
Subject Corporation law
Limited liability
Corporate veil
Limited liability -- Economic aspects
Corporation law -- United States
Alt Author Henderson, M. Todd, author
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