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Act Relative To Incorporations For Manufacturing Purposes Of 1811
The Act relative to incorporations for manufacturing purposes passed by the 34th New York State Legislature on March 22, 1811, was the first law in the US giving a general authorization for formation of corporations. Whereas previously all corporations had to be formed by legislative charter, the 1811 act created a procedure for incorporation of manufacturing firms capitalized at $100,000 or less. Background Following the Embargo Act of 1807 and Non-Intercourse Act (1809), the United States found itself on a war footing and facing a shortage of textiles and other manufactured goods. New York Governor Daniel D. Tompkins announced the need for economic independence, and the state legislature approved a rising number of manufacturing charters. The need for domestic thread production sufficed as political justification for the groundbreaking law.Ronald E. Seavoy, "Laws to Encourage Manufacturing: New York Policy and the 1811 General Incorporation Statute"; ''Business History Review'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
34th New York State Legislature
The 34th New York State Legislature, consisting of the New York State Senate and the New York State Assembly, met from January 29 to April 9, 1811, during the fourth year of Daniel D. Tompkins's governorship, in Albany. Background Under the provisions of the New York Constitution of 1777, amended by the Constitutional Convention of 1801, 32 Senators were elected on general tickets in the four senatorial districts for four-year terms. They were divided into four classes, and every year eight Senate seats came up for election. Assemblymen were elected countywide on general tickets to a one-year term, the whole Assembly being renewed annually. In 1797, Albany was declared the State capital, and all subsequent Legislatures have been meeting there ever since. In 1799, the Legislature enacted that future Legislatures meet on the last Tuesday of January of each year unless called earlier by the governor. At this time the politicians were divided into two opposing political parties: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Incorporation Law
The history of corporate law in the United States concerns the development of the corporation, primarily as a business organization, under the different United States corporate law, including federal regulation. Common law The United Kingdom required a legislative charter for incorporation until passage of the Joint Stock Companies Act 1844. *''Case of Sutton's Hospital'' (1612) 77 Eng Rep 960 *''Keech v Sandford'' 726EWHC Ch J76*''Attorney General v. Davy'' (1741) 2 Atk 212 *''The Charitable Corporation v Sutton'' (1742) 26 ER 642 *''Whelpdale v Cookson'' (1747) 27 ER 856 *''R v Richardson'' (175897 ER 426 Colonial corporations *Virginia Company (London Company and Plymouth Company est 1606-1624) and Plymouth Council for New England *Massachusetts Bay Company est. 1628 *Hudson's Bay Company est. 1670 *Bank of England est. 1694 *South Sea Company and South Sea Bubble *Russian-American Company Post-independence Prior to the late 19th century, most companies were incorporated by a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporation
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most att ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Embargo Act Of 1807
The Embargo Act of 1807 was a general trade embargo on all foreign nations that was enacted by the United States Congress. As a successor or replacement law for the 1806 Non-importation Act and passed as the Napoleonic Wars continued, it represented an escalation of attempts to coerce Britain to stop any impressment of American sailors and to respect American sovereignty and neutrality but also attempted to pressure France and other nations in the pursuit of general diplomatic and economic leverage. In the first decade of the 19th century, American shipping grew. During the Napoleonic Wars, rival nations Britain and France targeted neutral American shipping as a means to disrupt the trade of the other nation. American merchantmen who were trading with "enemy nations" were seized as contraband of war by European navies. The British Royal Navy had impressed American sailors who had either been British-born or previously serving on British ships, even if they now claimed to be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-Intercourse Act (1809)
In the last sixteen days of President Thomas Jefferson's Presidency of Thomas Jefferson, presidency, the 10th United States Congress, Congress replaced the Embargo Act of 1807 with the almost unenforceable Non-Intercourse Act of March 1809. This Act lifted all embargoes on American shipping except for those bound for United Kingdom of Great Britain and Ireland, British or First French Empire, French ports. Its intent was to damage the economies of the United Kingdom and France. Like its predecessor, the Embargo Act, it was mostly ineffective, and Origins of the War of 1812, contributed to the coming of the War of 1812. In addition, it seriously damaged the economy of the United States. The Non-Intercourse Act was followed by Macon's Bill Number 2. Despite hurting the economy as a whole, the bill did help America begin to Technological and industrial history of the United States, industrialize, as no British manufactured goods could be imported, so these goods instead had to be pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daniel D
Daniel is a masculine given name and a surname of Hebrew origin. It means "God is my judge"Hanks, Hardcastle and Hodges, ''Oxford Dictionary of First Names'', Oxford University Press, 2nd edition, , p. 68. (cf. Gabriel—"God is my strength"), and derives from two early biblical figures, primary among them Daniel from the Book of Daniel. It is a common given name for males, and is also used as a surname. It is also the basis for various derived given names and surnames. Background The name evolved into over 100 different spellings in countries around the world. Nicknames (Dan, Danny) are common in both English and Hebrew; "Dan" may also be a complete given name rather than a nickname. The name "Daniil" (Даниил) is common in Russia. Feminine versions (Danielle, Danièle, Daniela, Daniella, Dani, Danitza) are prevalent as well. It has been particularly well-used in Ireland. The Dutch names "Daan" and "Daniël" are also variations of Daniel. A related surname developed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Liability
Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or partnership. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets of the company, not the assets of its shareholders or other investors. A shareholder in a corporation or limited liability company is not personally liable for any of the debts of the company, other than for the amount already invested in the company and for any unpaid amount on the shares in the company, if any, except under special and rare circumstances permitting "piercing the corporate veil." The same is true for the members of a limited liability partnership and the limited partners in a limited partnership. By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business (unlimited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Secretary Of State
The secretary of state of New York is a cabinet officer in the government of the U.S. state of New York who leads the Department of State (NYSDOS). The current secretary of state of New York is Robert J. Rodriguez, a Democrat. Duties The secretary is responsible for the regulation of a number of businesses and professions, including private investigators, cosmetologists, real estate brokers, appraisers, and notaries public. The secretary also regulates cemeteries, registers corporations and business organizations, and maintains business records under the Uniform Commercial Code and other laws. The New York State Athletic Commission is vested within the department and regulates combat sports such as boxing and professional wrestling occurring within the state. The secretary's office includes the Office of Local Government Services, which provides training assistance to local governments in areas such as fire prevention, coastal management, and code enforcement. The secreta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privateer
A privateer is a private person or ship that engages in maritime warfare under a commission of war. Since robbery under arms was a common aspect of seaborne trade, until the early 19th century all merchant ships carried arms. A sovereign or delegated authority issued commissions, also referred to as a letter of marque, during wartime. The commission empowered the holder to carry on all forms of hostility permissible at sea by the usages of war. This included attacking foreign vessels and taking them as prizes, and taking prize crews as prisoners for exchange. Captured ships were subject to condemnation and sale under prize law, with the proceeds divided by percentage between the privateer's sponsors, shipowners, captains and crew. A percentage share usually went to the issuer of the commission (i.e. the sovereign). Privateering allowed sovereigns to raise revenue for war by mobilizing privately owned armed ships and sailors to supplement state power. For participants, privateerin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Corporate Law
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most attract ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political History Of New York (state)
Politics (from , ) is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of resources or status. The branch of social science that studies politics and government is referred to as political science. It may be used positively in the context of a "political solution" which is compromising and nonviolent, or descriptively as "the art or science of government", but also often carries a negative connotation.. The concept has been defined in various ways, and different approaches have fundamentally differing views on whether it should be used extensively or limitedly, empirically or normatively, and on whether conflict or co-operation is more essential to it. A variety of methods are deployed in politics, which include promoting one's own political views among people, negotiation with other political subjects, making laws, and exercising internal and external force, including w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1811 In New York (state)
Events January–March * January 8 – An unsuccessful slave revolt is led by Charles Deslondes, in St. Charles and St. James Parishes, Louisiana. * January 17 – Mexican War of Independence – Battle of Calderón Bridge: A heavily outnumbered Spanish force of 6,000 troops defeats nearly 100,000 Mexican revolutionaries. * January 22 – The Casas Revolt begins in San Antonio, Spanish Texas. * February 5 – British Regency: George, Prince of Wales becomes prince regent, because of the perceived insanity of his father, King George III of the United Kingdom. * February 19 – Peninsular War – Battle of the Gebora: An outnumbered French force under Édouard Mortier routs and nearly destroys the Spanish, near Badajoz, Spain. * March 1 – Citadel Massacre in Cairo: Egyptian ruler Muhammad Ali kills the last Mamluk leaders. * March 5 – Peninsular War – Battle of Barrosa: A French attack fails, on a larger Anglo-Portuguese-Sp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
