32 J. Corp. L. 323 (2006-2007)
The Historical Race Competition for Corporate Charters and the Rise and Decline of New Jersey: 1880-1910

handle is hein.journals/jcorl32 and id is 331 raw text is: The Historical Race
Competition for Corporate Charters and the Rise and
Decline of New Jersey: 1880-1910
Charles M. Yablon*
I. INTRO  DUCTION     .......................................................................................................... 324
II. THE ORIGINS OF STATE COMPETITION FOR CORPORATE CHARTERS: 1875-1888 ...... 331
A. State Competition in the Era of Special Charters ............................................ 331
B. General Incorporation Statutes and the Origins of New Jersey 's
D om  inance   ...................................................................................................... 332
III, INCORPORATION OF THE TRUSTS: NEW JERSEY'S CONTROVERSIAL 1889 STATUTE.. 335
A. Events Leading to Enactment of the 1889 Statute ............................................ 337
B. The 1889 Statute and its Impact on Trust Incorporations ................................ 340
IV. THE BUSINESS OF SELLING INCORPORATIONS: 1890-1899 ....................................... 345
A. Organization of the Corporation Trust Company of New Jersey ..................... 347
B. The 1896 Revision of New Jersey Corporate Law ........................................... 349
V. MERGER MANIA AND THE CHALLENGE TO NEW JERSEY: 1899-1910 ........................ 354
A. Causes of the Great Merger Boom ................................................................... 355
B. State Competition During the Great Merger Boom                 ......................................... 358
1.  D elaw are  .....................................................................................................  359
2.  M ain e  ..........................................................................................................  36 1
3. N ew   York  ..................................................................................................... 363
4.  W est  Virginia  ............................................................................................... 364
5. South   D akota  ............................................................................................... 366
C. Charter Competition at the End of the Great Merger Boom ............................ 367
VI. CONCLUSIONS AND IMPLICATIONS ............................................................................ 371
A PPEN  D IX  I ................................................................................................................  377
A PPEN  D IX  II  ..............................................................................................................  378
A PPEN  D IX  III  ............................................................................................................. 379
A PPEN  D IX  IV   ............................................................................................................. 379

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