Corporations - 1L – 6012
This course covers basic rules regulating the creation and operation of corporations. It covers such matters as corporation organization; the distribution of powers among the corporate board of directors, its officers, and its stockholders; the proxy system; control devices in the close corporation; and the fiduciary duties of directors, officers and controlling shareholders. This is a course for first year students only; it differs from the upper-level Business Association/Corporation (BA/Corps) course in that it does not cover the law of multi-person unincorporated business organizations. That law is covered in more detail in the Unincorporated Business Associations course.