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" Corporations are creatures of state law, and investors commit their funds to corporate directors on the understanding that, except where federal law expressly requires certain responsibilities of directors with respect to stockholders, state law will... "
Hostile Takeovers: Hearings Before the Committee on Banking, Housing, and ... - Page 448
by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - 1987 - 934 pages
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The Role of the Shareholder in the Corporate World: Hearings Before the ...

United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Citizens and Shareholders Rights and Remedies - Business enterprises - 1977 - 330 pages
...would impose a stricter standard of fiduciary duty than that required by the law of some States. , law expressly requires certain responsibilities of...will govern the internal affairs of the corporation." 422 US, at 84 (emphasis added). We thus adhere to the position that "Congress by § 10 (b) did not...
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Going Private

Arthur M. Borden, Joel A. Yunis - Business & Economics - 1982 - 1662 pages
...securities, particularly where established state policies of corporate regulation would be overridden. . . . 'Corporations are creatures of state law, and investors...state law will govern the internal affairs of the corporation."6 "We thus adhere to the position that 'Congress by § 10(b) did not seek to regulate...
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Securities Regulation: Liabilities and Remedies

Marc I. Steinberg - Business & Economics - 1984 - 1220 pages
...areas traditionally left to state law.21 The Court observed that "corporations are creatures of slate law, and investors commit their funds to corporate...state law will govern the internal affairs of the corporation."22 Both cases evidence the Court's contraction of the scope of the federal securities...
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Oversight of the Securities and Exchange Commission and the ..., Volume 4

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities - Insider trading in securities - 1987 - 312 pages
...Aircraft Corp. v. Chris-Craft Industries, Inc., i30 US 1 (1977i; Cort v. Ash, i22 US 66, 8i (1975i ("Corporations are creatures of state law, and investors...state law will govern the internal affairs of the corporation.°i. See also, CTS Corp. v. Dynamics Corp. of America, 55 USLW ii78 (US Apr. 21, 19871...
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Tender Offer Reform: Hearings Before the Subcommittee on Telecommunications ...

United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance - Tender offers (Securities) - 1988 - 722 pages
...Court: Corporations are creaturea of state law, and Investors commit their funds to corporate director* on the understanding that, except where federal law...traditionally assured that shareholders were treated fairly In transactlona Involving a change of control. Accordingly, atate "corporate law has traditionally protected...
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Public Policy Toward Corporate Takeovers

Murray L. Weidenbaum, Kenneth W. Chilton - Political Science - 200 pages
...commit their funds to corporate directors on the understanding that except u here federal law expressiy requires certain responsibilities of directors with...will govern the internal affairs of the corporation." Since Santa Fe several federal courts of appeals have hroadly interpreted "deception" so as to give...
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FTC Role in Mergers and Acquisitions: Hearing Before the Subcommittee on ...

United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Transportation, Tourism, and Hazardous Materials - Consolidation and merger of corporations - 1988 - 178 pages
...•Corporations are creatures of state law, and investors commit -2135 their funds to corporate directors with the understanding that, except where federal law expressly...certain responsibilities of directors with respect to shareholders, state law will govern the internal affairs of the corporation" [emphasis in the original]...
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Limited Partnerships: Hearing Before the Subcommittee on ..., Volume 3

United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance - Corporate reorganizations - 1991 - 156 pages
...law. This doctrine is fundamental to the law of business organizations. As the Supreme Court has noted "corporations are creatures of State law, and investors...will govern the internal affairs of the corporation." Santa Fe Industries. Inc. \. Green, 430 US 462, 479 (1977). Although the authority of the State over...
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Limited Partnerships: Hearing Before the Subcommittee on ..., Volume 3

United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance - Corporate reorganizations - 1991 - 144 pages
...law. This doctrine is fundamental to the law of business organizations. As the Supreme Court has noted "corporations are creatures of State law, and investors...will govern the internal affairs of the corporation." Santa Fe Industries, Inc. v. Green, 430 US 462, 479 (1977). Although the authority of the State over...
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