Asked by Silupe Lanier on Jun 13, 2024

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When general incorporation statutes first emerged in the United States,they permitted incorporation only for limited purposes that:

A) benefited the public.
B) protected the public.
C) created revenue.
D) generated more taxes.

General Incorporation Statutes

Laws that provide the procedures and regulations for forming a corporation.

Benefited The Public

Actions or policies that have a positive impact on society or the community at large.

Limited Purposes

Activities or objectives that are restricted in scope or extent, often specified in legal documents or contracts.

  • Identify the statutory prerequisites for company formation and the organizational framework of corporations.
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DS
Darlene SpainJun 19, 2024
Final Answer :
A
Explanation :
In the late 18th century,general incorporation statutes emerged in the United States.Initially,these statutes permitted incorporation only for limited purposes beneficial to the public,such as operating toll bridges and water systems.