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Sat Jul 28 05:34:10 BST 2007


of a corporation-as-person was so that if the corporation went
bust, the flesh-and-blood people who owned parts of it could not
be forced to pay the corporation's debts out of their own
personal funds.  In an era when people were imprisoned for debt,
this was no light matter.

Better historians can correct me if I'm wrong.  :)


--Margaret Dean
  <margdean at erols.com>


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