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- Title
MUTUALS: AN AREA OF LEGAL CLIMATE CHANGE.
- Authors
MUTH, KARL T.; LEVENTHAL, ANDREW
- Abstract
Underappreciated in its importance and often-misunderstood in its implications, the choice between a company limited by shares and a company organized as a mutual is an important decision in sectors ranging from agriculture to banking to insurance. Adding gravity to this particular decision is the difficulty and enormous cost of corporate metamorphosis between company types later in the company's life. The authors examine the history of the mutual form, its popularity's rise and fall during the twentieth century, and its advantages and disadvantages in today's environment.
- Subjects
STOCK ownership; ORGANIZATIONAL structure; DECISION making in business; LAW firms; BANKING industry
- Publication
William & Mary Business Law Review, 2018, Vol 9, Issue 3, p597
- ISSN
2159-7146
- Publication type
Article