Download or read book Congress and Commercial Trusts written by S.I Strong and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commercial trusts are one of the United States' most important types of business organizations, holding trillions of dollars of assets and operating nationally and internationally as a “mirror image” of the corporation. However, commercial trusts remain underappreciated and undertheorized in comparison to corporations, often as a result of the mistaken perception that commercial trusts are analogous to traditional intergenerational trusts or that corporations reflect the primary or paradigmatic form of business association. The treatment of commercial trusts reached its nadir in early 2016, when the U.S. Supreme Court held in Americold Realty Trust v. ConAgra Foods, Inc. that the citizenship of a commercial trust should be equated with that of its shareholder-beneficiaries for purposes of diversity jurisdiction. Unfortunately, the sheer number of shareholder-beneficiaries in most commercial trusts (often amounting to hundreds if not thousands of individuals) typically precludes the parties' ability to establish complete diversity and thus eliminates the possibility of federal jurisdiction over most commercial trust disputes. As a result, virtually all commercial trust disputes will now be heard in state court, despite their complexity, their impact on matters of national public policy and their effect on the domestic and global economies. Americold will also result in differential treatment of commercial trusts and corporations for purposes of federal jurisdiction, even though courts and commentators have long recognized the functional equivalence of the two types of business associations. Furthermore, as this research shows, there is no theoretical justification for this type of unequal treatment. This Article therefore suggests, as a normative proposition, that Congress override Americold and provide commercial trusts with access to federal courts in a manner similar to that enjoyed by corporations. This recommendation is the result of a rigorous interdisciplinary analysis of both the jurisprudential and practical problems created by Americold as a matter of trust law, procedural law and the law of incorporated and unincorporated business associations. The Article identifies two possible Congressional responses to Americold, one involving reliance on minimal diversity, as in cases falling under 28 U.S.C. §§1332(d) and 1369, and the other involving a statutory definition of the citizenship of commercial trusts similar to that used for corporations under 28 U.S.C. §1332(c). In so doing, this Article hopes to place commercial trusts and corporations on an equal footing and avoid the numerous negative externalities generated by the Supreme Court's decision in Americold.

Download or read book Bills and Debates in Congress Relating to Trusts written by United States. Congress and published by . This book was released on 1903 with total page 1138 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bills and Resolutions Relating to Trusts written by United States. Congress. House. Committee on the Judiciary and published by . This book was released on 1914 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bills and Debates in Congress Relating to Trusts 1902 1913 written by United States. Congress and published by . This book was released on 1914 with total page 1110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trust Legislation written by United States. Congress. House. Committee on the Judiciary and published by . This book was released on 1914 with total page 924 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trust Legislation written by United States. Congress. House. Committee on the Judiciary and published by . This book was released on 1914 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trust Legislation written by United States. Congress. House. Committee on the Judiciary and published by . This book was released on 1914 with total page 938 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book List of Recent References on Trusts in the United States Including Mergers written by Library of Congress. Division of Bibliography and published by . This book was released on 1931 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trust Legislation written by United States. Congress. House. Committee on the Judiciary and published by . This book was released on 1914 with total page 1172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trust Legislation written by United States. Congress. House. Committee on the Judiciary and published by . This book was released on 1914 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax exempt Foundations and Charitable Trusts Their Impact on Our Economy written by United States. Congress. House. Select Committee on Small Business and published by . This book was released on 1963 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax exempt Foundations and Charitable Trusts Their Impact on Our Economy written by United States. Congress. House. Select Committee on Small Business and published by . This book was released on 1967 with total page 1164 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trusts in Foreign Countries written by United States. Congress. Senate. Committee on Interstate Commerce and published by . This book was released on 1911 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax exempt Foundations and Charitable Trusts written by United States. Congress. House. Select Committee on Small Business and published by . This book was released on 1962 with total page 1162 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Real Estate Investment Trusts written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1976 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax exempt Foundations and Charitable Trusts Their Impact on Our Economy Second Installment written by United States. Congress. House. Select Committee on Small Business and published by . This book was released on 1963 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bills And Debates In Congress Relating To Trusts written by United States Congress and published by Legare Street Press. This book was released on 2023-07-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a valuable compilation of primary sources related to the history of trusts in America, including bills and debates in Congress. With its detailed and authoritative content, it provides an invaluable resource for scholars and researchers in the field of American history and politics. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.