On partnerships with limited liability
Citation:
McKenna, P.J. 'On partnerships with limited liability'. - Dublin: Transactions of the Dublin Statistical Society, Vol III Session 6, 1852/1853, pp.1-22Download Item:
Abstract:
If any apology, further than the importance of the subject, were
required for a paper such as the present, after the very able and
carefully written pamphlet of Mr. Colles, it would be found in the
report of the select committee, appointed to consider the law of
partnerships in these countries:?'"Your committee, considering
the vast extent and importance of the proposed alteration in the
law, are unwilling to proceed in such a matter without the greatest
caution. They find that the best authorities are divided on the
subject, and that it would require great care to devise the checks
and safeguards against fraud, necessary to accompany such a general
relaxation or change in the law."
Having due regard, then, to the difference of opinion on this
question, as to the propriety of introducing into this country the
system of limited liability, as also to the danger of rash or ill-considered
legislation upon any subject; bearing in mind that any
radical change can only be justified by a strong case being made
for its necessity, let us consider the disadvantages which the present
law of partnership imposes, and the objections which present themselves
to a continuance of the system.
Description:
Read June 20th 1853
Author: McKenna, P. J.
Publisher:
Statistical and Social Inquiry Society of IrelandType of material:
Journal articleCollections
Series/Report no:
Journal of The Statistical and Social Inquiry Society of IrelandVol. III Session 6 1852/1853
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Full text availableKeywords:
Limited liability, Financial riskISSN:
00814776Metadata
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