At about the time the Sherman Act was passed, changes in state incorpo

At about the time the Sherman Act was passed, changes in state incorporation laws had effects that tended to offset some of its provisions.

Indicate whether the statement is true or false

ANSWER

T New Jersey led an effort by states to compete against each other in granting lenient corporate charters, allowing one corporation to own another, for example, and thus partially undercutting the Act’s sanctions against holding companies.