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A general incorporation law allows corporations to be formed without a charter from the legislature. It also refers to a law enabling a certain type of corporation, such as a railroad, to exercise eminent domain and other special rights without a charter from the legislature.

United States

In 1795, North Carolina was the first state to pass such a law. Massachusetts came next in 1799, with New York in 1811 and Connecticut in 1837.

Railroads

  • Ohio: May 1, 1852
  • New Jersey: April 2, 1873 (breaking the Camden and Amboy Rail Road’s monopoly and allowing for the National Railway project)


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Retrieved from “http://en.wikipedia.org/wiki/General_incorporation_law”
Categories: Corporations law | Transport law | Law stubs | Rail stubsHidden categories: Articles lacking sources from August 2008 | All articles lacking sources | Articles with limited geographic scope


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