Corporate Governance
Advanced
Asset Partitioning
The legal separation of pools of assets so that particular creditors or claimants have priority over specified assets.
Why It Matters
Asset partitioning explains why legal entities matter: corporations can separate firm assets from personal assets and support enterprise finance, creditor monitoring, and organizational continuity.
Selected Literature
A short list of directly relevant archive entries.
1995
Advanced
2000
Advanced
2017
Advanced
Agency Problems and Legal Strategies
John Armour, Henry Hansmann, and Reinier Kraakman
The Anatomy of Corporate Law
2017
Intermediate
Related Cases
1988
Corporate Law
Blasius Industries, Inc. v. Atlas Corp.
564 A.2d 651 (Del. Ch. 1988)
Board action taken for the primary purpose of interfering with shareholder voting power.