H.B. v. Fye

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that law to be applied to corporate affairs is the law of the state of incorporation
• recognizing constitutional limitations on state laws that adversely affect interstate commerce by subjecting corporate activities to inconsistent regulations
• noting that a state “has a substantial interest in preventing the corporate form from becoming a shield for unfair business dealing”
• explaining that efficiency of national capital markets rely on the fact that the internal affairs of corporations are generally governed by the law of a single jurisdiction
• holding Indiana statute regulating acquisition of corporation stock did not merit heightened scrutiny because it had “same effects on tender offers whether or not the offeror is a domiciliary or resident of Indiana”
• identifying no inconsistency violating dormant Commerce Clause when multiple states regulate voting rights of corporations created under their law

Source: CourtListener parenthetical corpus (CC0).