In a study of general incorporation laws in the United States, Eric Hilt of Wellesley College noted,
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In a study of general incorporation laws in the United States, Eric Hilt of Wellesley College noted, “Prior to the adoption of a general statute, a business could only incorporate if the state passed a special law granting it a corporate charter.” What are the advantages of general incorporation laws over the previous system? Are there any disadvantages? Briefly explain.
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General incorporation laws as opposed to the previous system of requiring special laws for each incorporation offer several advantages Advantages Simp...View the full answer
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