Article:
Dennis S. Karjala, A Second Look at Special Close Corporation
Legislation, 58 Texas L. Rev. 1207 (1980).
Abstract:
This Article examines approaches to state regulation of close
corporations. The Article argues that a general incorporation
statute, rather than a special close corporation law, better
serves the close corporation. It further argues that state
legislatures have not only failed to draft the right law, but
that the endeavor displays fatal conceptual flaws and should be
abandoned.