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<p>led to minor changes in the <a href="page.php?w=Dodd-Frank_Act">Dodd-Frank Act</a> (on soft regulation of pay, alongside <a href="page.php?w=derivative">derivative</a> markets). However, the basic shape of corporate law in the United States has remained the same since the 1980s.</p>

<p><big>Terminology and definition</big></p>
<p>A company can be defined as an "artificial person", invisible, intangible, created by or under law, with a discrete <a href="page.php?w=legal_capacity">legal capacity</a> (or "personality"), <a href="page.php?w=perpetual_succession">perpetual succession</a>,</p><p>
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