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What is Stockholder Liability Case Analysis about?

This document is a summary of a Supreme Court case from 1901 regarding whether a California law imposing personal liability on stockholders of foreign corporations violated the US Constitution. The Court held: 1) The California law did not violate the Contracts Clause because it was passed before the corporation in question was formed. 2) While a stockholder contract is generally governed by the state of incorporation, parties may have another law in mind by the contract terms or purpose. 3) California

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Scribd Government Docs

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EN