Still Square Pegs in Round Holes? A Look at ANCSA Corporations, Corporate Governance, and Indeterminate Form or Operation of Legal Entities

UCLA-Alaska Law Review, Vol. 24, p. 203, 2007

U. of Pittsburgh Legal Studies Research

34 Pages Posted: 9 Mar 2009

See all articles by Douglas M. Branson

Douglas M. Branson

University of Pittsburgh - School of Law (Emeritus)

Abstract

This Article examines an issue that many corporations, trusts, not-for-profit corporations, and other entities should consider: whether the choice of legal form matters? Is it significant, for example, that a corporation organizes as a corporation as opposed to a trust, or vice versa? Ultimately, the Article concludes that entity choice in fact is not as important as one may previously have thought. In reaching that conclusion, this Article examines converging corporate and trust laws in addition to governing standards, and takes an in depth look at Alaska Native Corporations and Hawaii's Bishop Estate, both of which help illustrate the non-traditional corporate and trust functions performed by such entities. From these examinations, it is clear that governance is governance regardless of the choice of legal form, a valuable lesson for every legal entity today.

Keywords: legal entity, legal form, choice of entity, ANCSA corporations, Alaska Native Claims Settlement Act, Hawaii's Bishop Estate, corporations, trusts, not-for-profit corporations, corporate governance, operation

Suggested Citation

Branson, Douglas, Still Square Pegs in Round Holes? A Look at ANCSA Corporations, Corporate Governance, and Indeterminate Form or Operation of Legal Entities. UCLA-Alaska Law Review, Vol. 24, p. 203, 2007, U. of Pittsburgh Legal Studies Research, Available at SSRN: https://ssrn.com/abstract=1352542

Douglas Branson (Contact Author)

University of Pittsburgh - School of Law (Emeritus) ( email )

3900 Forbes Ave.
Pittsburgh, PA 15260
United States
412-624-3437 (Phone)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
58
Abstract Views
720
rank
398,027
PlumX Metrics