Excerpt from The Law of Unincorporated Associations and Similar Relations The development of the law of corporations was the overshadowing feature of legal history in this country in the last quarter of the nineteenth century. It was accompanied by an unreasoning public hostility to corporations which bore fruit in the imposition of taxes and regulations by Legislatures which in many cases have seriously impaired the efficiency of this form of organization for cooperative business enterprise. One of the most striking features of the recent decisions of the Courts is the evidence that business men are reverting to unincorporated associations to carry out their purposes. Owing to peculiar local restrictions on corporations these associations have been more largely used and more highly developed in Massachusetts than elsewhere. To them the lawyers of other states are now turning for relief. These associations are organized under the terms of elaborate trust deeds and resemble closely the important features of corporations. The law on many of the most important questions raised by these instruments is still in the making. Some attempt at classification seems urgently needed if only as a basis for criticism and future development. Underwriting syndicates are another kind of unincorporated cooperative organization dealing with financial operations of vast importance. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.