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The Mercantile Laws Commission of 1854 and the political economy of limited liability

Category: Ionian History
Type: Article
Book Title: Η ασφάλιση των γαλαξειδιώτικων πλοίων
Author: Bryer A. R.
Editor: Kiraly K. Bela
Journal: Economic History Review
Pages: 37-56
Issue: 1
Volume: 50
Library catalog: Wilson Library, University of Minnesota
Date: February 1997
Language: English

Abstract:

[37] Limited liability was made widely available in the United Kingdom in 1855 by an amendment to the Joint-Stock Companies Act of 1844. [While joint-stock companies with limited liability were tolerated in Scottish and Irish law before 1844, they were little used (P.L. Payne, The Early Scottish limited companies, 1856-1895: an historical and analytical survey (1980)] ....
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The research project is implemented within the framework of the Action “Supporting Postdoctoral Researchers» of the Operational Program "Education and Lifelong Learning" (Action’s Beneficiary: General Secretariat for Research and Technology), and is co-financed by the European Social Fund (ESF) and the Greek State.