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Vanderbilt University Law School

Series

2015

Derivative rights - constitutional law - corporate theory

Articles 1 - 1 of 1

Full-Text Articles in Law

The Derivative Nature Of Corporate Constitutional Rights, Margaret M. Blair Jan 2015

The Derivative Nature Of Corporate Constitutional Rights, Margaret M. Blair

Vanderbilt Law School Faculty Publications

This Article engages the two hundred year history of corporate constitutional rights jurisprudence to show that the Supreme Court has long accorded rights to corporations based on the rationale that corporations represent associations of people from whom such rights are derived. The Article draws on the history of business corporations in America to argue that the Court’s characterization of corporations as associations made sense throughout most of the nineteenth century. By the late nineteenth century, however, when the Court was deciding several key cases involving corporate rights, this associational view was already becoming a poor fit for some corporations. The …