In sum, Centros, Uberseering, and Inspire Art are not only a boon to the intra-Community market for
corporate charters, but they may also herald an era of transatlantic charter competition.
Delaware's desire to regulate springs from the fact that without such power, it cannot dominate the market for
corporate charters. Such a desire should not be material in the conflicts-interest analysis, since it is a desire that many, if not all, other states share.
corporate charters. This Article thus provides some support for the
"In California, the very same statutory words that authorize revocation of
corporate charters also authorize revocation of governmental power unlawfully usurped, and those words have been used for the latter purpose scores of times over the years."
By definition, a health care corporation has a duty to provide health care....To protect the health of the people and to prevent the public mischief that is being done, I urge you to bring a quo warranto civil action against the Cleveland Clinic revoking their
corporate charter."
"The Attorney General's office at first said that they didn't have the jurisdiction to revoke
corporate charters and then several hours later they said 'oops, we do, we didn't realize that we do,'" says Robert Benson, the lead attorney for the National Lawyers Guild's International Law Project for Human, Economic and Environmental Defense (HEED), which prepared the petition, "Then they said they would take several months to study the petition and give it serious review.
In particular, investors should obtain and read a copy of the
corporate charter, or at least a summary of the charter which is often contained in the prospectus, and determine the extent of managerial protection and entrenchment before deciding to invest in a particular fund.
Ralph Winter, in an influential 1977 article, started by acknowledging that states compete to maximize their share of the nation's
corporate charters, and that they do so primarily through loosening the conditions of chartering.
(21) The Court reasoned that the
corporate charter was a contract as it effectively represented an agreement between the people who applied for it and the government body that granted it.
At that time, the States had none of the current rules for obtaining a
corporate charter. It was, rather, the era of special charters.
For one thing, as Hilt concedes, the presence of price restrictions in
corporate charters is unambiguous evidence that the legislature was concerned about the firm's exercise of monopoly power vis-a-vis consumers.
They are usually required by the
corporate charters. Their purpose is governance and the oversight of management.
