This comprehensive title is an essential resource for introductory courses on the law of business associations. It provides an in-depth discussion of all forms of business organizations, including agency, general partnerships, closely held corporations, publicly held corporations, limited partnerships, limited liability partnerships, and limited liability companies.
The material on unincorporated business forms has been thoroughly revised and updated, emphasizing their significance in modern law practice and the economy. Key statutes such as the Revised Uniform LLC Act (2006), the Revised Uniform Partnership Act (1997), the Uniform Limited Partnership Act (2001), and the Third Restatement of Agency (2006) are meticulously discussed and cited, offering a robust legal framework for understanding these entities.
In addition to statutory analysis, the casebook delves into fiduciary duties and the governance of corporate and other organizational structures. It examines transactions by partners, directors, managers, and others, as well as indemnification and insurance. Furthermore, it addresses federal securities law, with a particular focus on insider trading, providing a comprehensive overview of the legal landscape for business associations.