Selected Articles On Federal Control of Interstate Corporations

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In Hamburg and Bremen freedom of in- corporation existed by prescriptive right. In many of the states it was a matter of controversy whether special authorization was or was not required for the formation of a corporation. The demands of a growing and modern business finally compel- led the German states to adopt what were then radical measures.
Between 1861 and 1865, to a certain degree uniformity of legislation was secured by the adoption of a Commercial Code (Handelgesetzbuch) by the separat
...e states. This, among other things, required a special act of authorization for the for- mation of a corporation and required the states to exercise strict control over such companies. Yet it permitted individual states to allow freedom of incorporation: and. Accordingly, Baden, Oldenburg, Wurtemburg, and Saxony soon made this concession to business interests, as did also the cities of Ham- burg and Bremen.
112 FEDERAL CONTROL OF In 1868 or 1869 the Commerical Code was made a law of the North German Confederation.


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