Statutory Protection of Creditors in Reduction of Capital Stock
dc.contributor.author | Callahan, Charles | |
dc.date | 2021-11-25T13:34:43.000 | |
dc.date.accessioned | 2021-11-26T11:45:24Z | |
dc.date.available | 2021-11-26T11:45:24Z | |
dc.date.issued | 1936-01-01T00:00:00-08:00 | |
dc.identifier | fss_papers/4420 | |
dc.identifier.contextkey | 4204650 | |
dc.identifier.uri | http://hdl.handle.net/20.500.13051/3911 | |
dc.description.abstract | The sharp process of deflation which business has undergone during recent years has vested statutes relating to the reduction of corporate capital with an importance little appreciated when most of such statutes were enacted. Since 1929 an abrupt reversal of the previous tendency to increase corporate capitalizations has taken place. Enormous sums of money and the interests of many people have been subjected to the procedures for reduction of capital prescribed by the various corporation acts. With a few exceptions the protection which these acts afford to the creditors of the corporation involved is entirely inadequate, a situation which may be ascribed largely to a failure to comprehend the position of the creditor and the accounting problems involved in the reduction situation. | |
dc.subject | corporate capital | |
dc.subject | deflation | |
dc.subject | creditor | |
dc.title | Statutory Protection of Creditors in Reduction of Capital Stock | |
dc.source.journaltitle | Faculty Scholarship Series | |
refterms.dateFOA | 2021-11-26T11:45:24Z | |
dc.identifier.legacycoverpage | https://digitalcommons.law.yale.edu/fss_papers/4420 | |
dc.identifier.legacyfulltext | https://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=5420&context=fss_papers&unstamped=1 |