Buffalo Law Review Volume 11 Number 3 Symposium: New York Business Article 4 Corporation Law 4-1-1962 The Philosophies of the New York Business Corporation Law of 1961 Harry G. Henn New York University Follow this and additional works at: https://digitalcommons.law.buffalo.edu/buffalolawreview Part of the Business Organizations Law Commons Recommended Citation Harry G. Henn, The Philosophies of the New York Business Corporation Law of 1961, 11 Buff. L. Rev. 439 (1962). Available at: https://digitalcommons.law.buffalo.edu/buffalolawreview/vol11/iss3/4 This Leading Article is brought to you for free and open access by the Law Journals at Digital Commons @ University at Buffalo School of Law. It has been accepted for inclusion in Buffalo Law Review by an authorized editor of Digital Commons @ University at Buffalo School of Law. For more information, please contact
[email protected]. THE PHILOSOPHIES OF THE NEW YORK BUSINESS CORPORATION LAW OF 1961f HARRY G. HENN* T HE New York Business Corporation Law of 19611 is an eclectic statute, both in provisions and in philosophies. In large measure, it is a re- statement and a clarification of existing New York law, but important changes have also been made.2 Little in the statute is entirely new,3 but its peculiar combination of features is novel and, to some extent, paradoxical. The near-culmination4 of a five-year program costing more than a third of a million dollars,5 the Business Corporation Law is the product of a Joint Legislative Committee to Study Revision of Corporation Laws,6 and the t Q Copyright 1962 Harry G.