Political Quotes

Lysander Spooner: “All those State laws, commonly called acts of incorporation, by which a certain number of persons are licensed to…”

On the record
All those State laws, commonly called acts of incorporation, by which a certain number of persons are licensed to contract debts, without having their individual properties held liable to pay them, are laws impairing the natural obligation of their contracts.
Said by
Lysander Spooner

Editor's note · Context

This statement critiques state incorporation laws that limit personal liability, arguing they undermine the integrity of contracts.

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