Legal Specs

Definition 1

Rules and ordinances made by a corporation for its own
government.



2. The power to make by-laws is usually conferred by express terms of
the charter creating the corporation, though, when not expressly granted,
it is given by implication, and it is incident to the very existence of a
corporation. When there is an express grant, limited to certain cases and
for certain purposes, the corporate power of legislation is confined to the
objects specified, all others being excluded by implication. 2 Kyd on Corp.
102, 2 P. Wms. 207, Ang. on Corp. 177. The power of making by-laws, is to
be exercised by those persons in whom it is vested by the charter, but if
that intrument is silent on that subject, it resides in the members of the
corporation at large. Harris & Gills R. 324, 4 Burr. 2515, 2521, 6 Bro. P.
C. 519.


3. The constitution of the United States, and acts of congress made in
conformity to it the constitution of the state in which a corporation is
located, and acts of the legislature, constitutionally made, together with
the common-law as there accepted, are of superior force to any by-law, and
such by-law, when contrary to either of them, is therefore void, whether
the charter authorizes the making of such by-law or not, because no
legislature can grant power larger than they themselves possess. 7 Cowens
R. 585, Id. 604 5 Cowens R. 538. Vide, generally, Aug. on Corp. ch. 9,
Willc. on Corp. ch. 2, s. 3, Bac. Ab. h. t., 4 Vin. Ab. 301 Danes Ab.
Index, h. t., Com. Dig. h. t.,
and Id. vol. viii. h. t.

Posted on 27 May 2008

A collection agency is a business that pursues payments on debts owed by individuals or businesses. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.
Some agencies, sometimes referred to as "debt buyers", purch...

Posted on 23 May 2008

Concededly, one of the fastest growing bits of the legal litigation involves personal injury lawsuits. It had become customary in the modern era that claims of personal injury are filed, argued, and decided in court every day.

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Posted on 07 Apr 2008

In California, many enterprising people engaged in business armed with bright ideas, a fairly enough sum of money and a handful of people as workers and staff. Talented ones succeed; many others fail. What some of them do not realize is that starting a business is not an easy undertaking. ...

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No-Risk Lawsuit Funding for Mesothelioma Lawsuit Plaintiffs.

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Posted on 25 Feb 2008

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Whistleblowers may identify and report actual theft, false claims, over billing, up codin...

Posted on 18 Feb 2008

No- Risk Lawsuit Funding - Legal Funding For Your Pending Lawsuits

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Posted on 15 Jun 2007

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Posted on 18 Apr 2007

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Posted on 03 Oct 2006

Almost everything we do is affected by laws. There are so many laws that it would take a person with an average reading skill over a thousand years just to read the law book. As if we have nothing else to do with our lives but read laws. So what do we do when a legal situation arises? Do w...

Posted on 12 Jul 2006

We live in a world governed by laws. These laws are there to give our chaotic world a sense of order.

These laws may sometimes seem to only complicate things. However, the creation of these laws has one objective in mind and that is the assurance of the progress of civilizatio...