Washington Lawyer - September/October 2024 - 3

LEGAL CAPITAL,
4th Edition
Bayless Manning, Late Former Dean, Stanford Law School
James J. Hanks, Jr., Senior Counsel, Venable LLP
This renowned book is the classic exposition of the origin, history and practical unworkability of par value,
stated capital and other components of legal capital in the critical owners' equity corner of the balance sheet.
Legal Capital is widely credited with pioneering the introduction of the balance sheet and equity solvency
tests for distributions to shareholders, as well as other reforms in the Model Business Corporation Act and
corporation statutes in more than 30 states. The Fourth Edition adds new historical material, updates the
statutes and case law on dividends and other distributions in the U.S. and compares the evolution of legal
capital in countries around the world.
Softbound
|
ISBN 9781599417721
|
$85.00
" Legal Capital turns on a basic tension around the corporate form - how the concept of limited
liability can place creditors' and shareholders' interests at odds, and how that tension is resolved
through statute, case law, and private contracting. It is a must-read for corporate law students,
academics, and practitioners, and a must-have for law firm and university libraries. "
- Charles K. Whitehead, Myron C. Taylor Alumni
Professor of Business Law, Cornell Law School
To purchase, go to westacademic.com or contact your
West Academic Account Manager at inquiries@westacademic.com
or call 800-782-1272.
© 2024 LEG, Inc. d/b/a West Academic. West, West Academic
Publishing, and West Academic are trademarks of West Publishing
Corporation, used under license. 101979-b2

http://www.westacademic.com

Washington Lawyer - September/October 2024

Table of Contents for the Digital Edition of Washington Lawyer - September/October 2024

Contents
Washington Lawyer - September/October 2024 - Cover1
Washington Lawyer - September/October 2024 - Cover2
Washington Lawyer - September/October 2024 - 1
Washington Lawyer - September/October 2024 - Contents
Washington Lawyer - September/October 2024 - 3
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Washington Lawyer - September/October 2024 - Cover3
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