...artificial form, of taking and conveying property, contracting debts," &c. Again, at next page: "It was chiefly for the purpose of clothing bodies of men in succession, with the qualities and capacities of one single artificial and fictitious being, that corporations were...

...intricacies, the hazardous and endless necessity, of perpetual conveyances for the purpose of transmining it from hand to hand. It is chiefly for the purpose...of the particular object, like one immortal being." This definition is as good now as it was at the time it was announced. It expresses the common understanding...

...its affairs, to hold property without the perplexing intricacies, the hazardous and endless necessity of perpetual conveyances, for the purpose of transmitting...capacities that corporations were invented and are in use." Among the powers of corporations given by our statutes are: 4. "To purchase hold, and convey such real...

...perpetual succession of many persons are considered as the same, and may act as a single individual. . . . It is chiefly for the purpose of clothing bodies of...of the particular object, like one immortal being. . . . CHIEF JUSTICE JOHN MARSHALL, for the majority; Trustees of Dartmouth College v. Woodward, 1819...

...theoretical confusion by taking notice of the interests of the individuals who form a corporation: "It is chiefly for the purpose of clothing bodies of men, in succession, with qualities and capacities, that corporations were invented, and are in use."34 To argue that a legal...

...affairs, and to hold property without the perplexing intricacies, the hazardous and endless necessity of perpetual conveyances for the purpose of transmitting it from hand to hand.' 4 In essence, then, the corporation was given the legal rights of a person, although, in practice,...

...affairs, and to hold property without the perplexing intricacies, the hazardless and endless necessity, of perpetual conveyances for the purpose of transmitting...of the particular object, like one immortal being. 47 This analysis of the benefits of the corporate form had both an economic and a social aspect. At...

...creation confers upon it. ... Among the most important are immortality, and . . . individuality. . . . By these means, a perpetual succession of individuals are capable of acting for the promotion of a particular object, like one immortal being. But ... it is no more a State instrument, than a natural...

...affairs, and to hold property without the perplexing intricacies, the hazardless and endless necessity, of perpetual conveyances for the purpose of transmitting...promotion of the particular object, like one immortal being.47 This analysis of the benefits of the corporate form had both an economic and a social aspect....

...decision also erected a safeguard for the continuity of corporations overtime. As Marshall himself said, "It is chiefly for the purpose of clothing bodies...these qualities and capacities, that corporations are invented and are in use." The Dartmouth case reaffirmed the traditional corporate capacities and...