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Excerpt from The Legal Nature of Corporations
The question of the nature of corporate existence has a peculiar interest and fascination. Few writers on the subject of corporations ignore it altogether, and our courts have repeatedly enunciated their views as to what a corporation really is. The result is that our law has its accepted theory of corporate exist ence, while it can hardly be said to have such a theory with regard to the nature of contract, Obligation, or incorporeal property. If we have an accepted theory, it is worth while to examine it as to its truth.
The problem of corporate existence has a much wider than Simply legal bearing. It has an even greater interest to the sociologist than to the jurist. But I have confined myself tothe corporation as a legal institution, ignoring the subject of association as a factor in economic, social, and political life.
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