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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: PART IV. SPECIAL RELATIONS ARISING FROM THE EXISTENCE OF A CORPORATION. Division I. Corporate Relations. Title I. The Corporation And The State. CHAPTER 16. GOVERNMENTAL CONTROL OF CORPORATIONS. Subdivision I. General Doctrines. ARTICLE I. BY THE COURTS. Sec. 404. i. Generally, by permitting actions at law, and suits in equity by and against corporations, as in the case of individuals, for breaches of contracts or wrongs done. 8eiipra, §§322-6. Sec. 405. 2. Particularly, by visitation: "Corporations being composed of individuals, subject to human frailties, are liable, as well as private persons, to deviate from the end of their institution. And for that reason, the law has provided proper persons'to visit, inquire into, and correct all irregularities that arise in such corporations, either sole or aggregate, and whether ecclesiastical, civil or eleemosynary." "With respect to all ecclesiastical corporations, the ordinary is their visitor, so constituted by the canon law, and from thence derived to us. "With respect to all lay corporations, the founder, his heirs or assigns, are the visitors, whether the foundation be civil or eleemosynary. The founder of all corporations, in the strictest and original sense, is the king alone, for he only can incorporate a society, and in civil incorporations, such as mayor or commonalty, etc., where there are no possessions or endowments given to the body, there is no other founder but the king: but in eleemosynary foundations, such as colleges and hospitals, where there is an endowment of lands, the law distinguishes, and makes two species of foundation: the one fundatio incipiens, or the incorporation, in which sense the king is the general founder of all colleges and hospitals; the other fundatio per
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Cases on the General Principles of the Law of Private Corporations
Bokrecensioner » Cases on the General Principles of the Law of Private Corporations (v. 2)
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