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.
This statement critiques state incorporation laws that limit personal liability, arguing they undermine the integrity of contracts.
Share
More from Lysander Spooner
There is no more absurdity in giving a jury a veto upon the laws, than there is in giving a veto to each of these other tribunals.
From the sale of that justice which every citizen has a right to demand, it was an easy transition to withhold or deny it.
Yet the codes of the most celebrated kings are very small, and were little more than compilations of immemorial customs.
The people are no more arrayed against themselves, when a jury puts its veto upon a statute, which the other tribunals have sanctioned, than they are when the same veto is exercised by the representatives, the senate, the executive, or the…