International Encyclopedia of Comparative Law Online

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II. Business Association Rules With Accounting Implications
(7,159 words)

Volume XIII: Business and Private Organizations | Chapter 12a (1972): Law and Accounting in Business Associations

2nd November, 1966.

Detlev F. Vagts

3. Functions of rules. – The accounting requirements with which we are concerned ultimately rest upon association laws that may be divided into two general types. First, there are those that prescribe that a corporation may not (or must) take a given step if a certain financial situation exists. For example, a corpor…

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Detlev F. Vagts, “II. Business Association Rules With Accounting Implications”, in: International Encyclopedia of Comparative Law Online, Edited by: U. Drobnig, R. David, H. H. Egawa, R. Graveson, V. Knapp, A. T. Von Mehren, Y. Noda, S. Rozmaryn, V. M. Tschchikvadze, H. Valladão, H. Yntema, K. Zweigert. Consulted online on 12 November 2019 <http://dx.doi.org/10.1163/2589-4021_IECO_COM_131202>
First published online: 2018



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