The Law of Private Corporations: Being the Law of Private Corporations Under the Civil Code of California, with the Recent Amendments and Statutes, and Annotations in Reference to the Decisions of the Supreme Court of California and of Other States on Ana

Excerpt from The Law of Private Corporations: Being the Law of Private Corporations Under the Civil Code of California, With the Recent Amendments and Statutes, and Annotations in Reference to the Decisions of the Supreme Court of California and of Other States on Analogous Provisions; Also an Introd

The law relating to corporations is becoming every year more and more important; it is in a growing, formative state. As an evidence of this, it is only necessary to refer to the amendments of the last session of the Legislature; three fourths of those of the Civil Code having reference to corporations.

There is probably no State in the Union where the law relative to corporations is so uniform as in this. Our Code has placed all under one general provision; and bodies hav ing a quasi corporate character elsewhere, are here given full corporate power; and in this manner we are spared the confusion arising from examining the laws specially appli cable to a number of institutions. We have thrown open to all, without any restriction of purpose or condition of privilege, the right to form corporations; and therefore the charge of monopoly, so frequently attached to such bodies, is less deserving here than elsewhere. It is not too much to say, that the policy of our State will soon be adopted generally; and here, as in other instances, California will be in the vanguard of jurisprudence.

It has been deemed desirable, both for professional and general use, to compile in a convenient form the provisions of the Civil Code pertaining to corporations, annotated with reference to decisions of our own and other States. The decisions in other States have not a binding force here; but they will serve as a guide to, and an elucidation of, points arising on the provisions of the Code.

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