General incorporation law
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A general incorporation law allows corporations to be formed without a charter from the legislature. It also refers to a law enabling a certain type of corporation, such as a railroad, to exercise eminent domain and other special rights without a charter from the legislature.
List of early general incorporation laws:
- North Carolina, 1795
- Massachusetts, 1799
- New York, 1811: Act Relative to Incorporations for Manufacturing Purposes of 1811
- Connecticut in 1837.
- Ohio: May 1, 1852
- New Jersey: April 2, 1873 (breaking the Camden and Amboy Rail Road's monopoly and allowing for the National Railway project)
The UK required a legislative charter for incorporation until passage of the Joint Stock Companies Act 1844.
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