“Legal scholars have long recognized that corporate persons, just like natural persons, operate as ‘right-and-duty bearing units’ (Friedrich Maitland), serving as a ‘point of imputation’ of legal rights and duties (Hans Kelsen). Yet the legal and economic literature has thus far focused exclusively on one functional dimension of the corporation as a separate nexus of imputation: asset partitioning, that is, the separation of the entity’s assets from the members’ assets …” (more)
[Mariana Pargendler, Oxford Business Law Blog, 24 February]
First posted 2021-02-24 06:30:05
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