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The Epic Interactive Encyclopedia 1998
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Epic Interactive Encyclopedia, The - 1998 Edition (1998)(Epic Marketing).iso
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Limited_Liability_Acts
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1992-09-03
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391b
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11 lines
UK acts of Parliament 1855 and 1862, which
provided a legal framework for the
consolidation of large companies that existed
as legal entities in perpetuity; they
restricted the maximum loss for individual
share-holders to the purchase price of their
shares. General limited liability required
further legislation with the Joint Stock
Companies Act of 1856 and the consolidating
act of 1862.