kaal:claim:3017612-002
US corporate codes function as enabling statutes that give enterprises wide flexibility, but that flexibility stops at mandatory provisions, which the parties cannot contract around.
Source quote, verbatim
While corporate codes are viewed as "enabling" statutes—providing flexibility for different enterprises—mandatory provisions cannot be changed.
From
Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017), I. Nature of Corporate Law Regulation, p. 2
https://ssrn.com/abstract=3017612 · source PDF
Cite as
Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017). SSRN: https://ssrn.com/abstract=3017612
Holds when
Classification
conditionsupport: assertedgovernance-design
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