Excerpt from Express Trusts Under Common Law: A Superior and Distinct Mode of Administration, Distinguished From Partnerships, Contrasted With Corporations
By chapter 55, Resolves of 1911, the Tax Commissioner of Massachusetts was directed to make an investigation of Voluntary Associations organized or doing business in that Commonwealth under a written instrument or declaration of trust, the beneficial interest under which is divided into transferable certificates of participation or shares, with a View to determining the present legal status of such Volum tary Associations and whether or not their prohibition or further control and regulation by that Commonwealth is advisable and in the public interest. The resolve is as follows. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works."synopsis" may belong to another edition of this title.
Alfred D. Chandler, Jr. is Isidor Straus Professor of Business History, Emeritus, at Harvard Business School.
"About this title" may belong to another edition of this title.
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Paperback. Condition: New. Print on Demand. This book delves into the intricacies of Express Trusts, a legal framework for managing property and conducting business that predates modern corporations. The author meticulously dissects the characteristics of Express Trusts, contrasting them with partnerships and corporations, and highlighting their unique advantages. Through historical examples and legal precedents, the book illuminates how Express Trusts offer a robust and efficient alternative to the often-criticized impersonal nature of corporations. By placing legal ownership and responsibility in the hands of dedicated trustees, Express Trusts prioritize transparency and accountability, fostering a higher standard of conduct than the typical corporate structure. This exploration of Express Trusts challenges conventional assumptions about business organization and underscores their potential to promote ethical and responsible management practices. Ultimately, the book invites readers to reconsider the dominant role of corporations in today's economic landscape and recognize the enduring relevance of this time-tested legal framework. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781334582363_0
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