Legal resources on state-created limited liability for shareholders, consequences and reform
Hare are some legal resources on state-created limited liability for shareholders, consequences and reform:
Christopher D. Stone, The Place of Enterprise Liability in the Control of Corporate Conduct, 90 YALE L.J. 1 (1980).
Paul Halpern; Michael Trebilcock; Stuart Turnbull, An Economic Analysis of Limited Liability in Corporation Law, 30 U. TORONTO L.J. 117, 149-50 (1980).
Reinier H. Kraakman, CORPORATE LIABILITY STRATEGIES AND THE COSTS OF LEGAL CONTROLS, 93 Yale L.J. 857 (1984).
Easterbrook, Frank H. and Fischel, Daniel R, Limited Liability and the Corporation, 52 U. Chi. L. Rev., 89 (1985).*
David W. Leebron, Limited Liability, Tort Victims, and Creditors, 91 COLUM. L. REV. 1565 (1991).*
Henry Hansmann & Reinier Kraakman, Toward Unlimited Shareholder Liability for Corporate Torts, 100 YALE L.J. 1879 (1991) (advocating pro rata shareholder liability for corporate torts);
Hansmann, H and Krackman, R, Do the Capital Markets Compel Limited Liability?, 102 Yale L.J. 427 (1992).
Ben Pettet, “Limited Liability — A Principle for the 21st Century?” (1995), 48 Current Legal Problems (II), 125, (M. D. Freeman, R. Halson. Eds.)
Reinier H. Kraakman , Vicarious & Corporate Civil Liability (1999), in ENCYCLOPEDIA OF LAW & ECONOMICS 3400 (B. Bouckaert & G De Geest, eds.).
Nina A. Mendelson, A Control-Based Approach to Shareholder Liability for Corporate Torts, 102 COLUM. L. REV. 1203, 1205-06 (2002)(attached below).
David Millon, Piercing the Corporate Veil, Financial Responsibility, and the Limits of Limited Liability, Washington & Lee Public Law Research Paper No. 03-13 (2003).
Timothy P. Glynn, Beyond “Unlimiting” Shareholder Liability: Vicarious Tort Liability for Corporate Officers, 57 Vanderbilt L. Rev. 330 (2004).
*I can email to interested persons .pdfs of the Easterbrook & Fischel, and Leebron pieces.
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