id	sid	tid	token	lemma	pos
cblr-7157	1	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1	2	(	(	PUNCT
cblr-7157	1	3	do	do	AUX
cblr-7157	1	4	not	not	PART
cblr-7157	1	5	delete	delete	VERB
cblr-7157	1	6	)	)	PUNCT
cblr-7157	1	7	10/2/2020	10/2/2020	NUM
cblr-7157	1	8	11:44	11:44	NUM
cblr-7157	1	9	am	be	AUX
cblr-7157	1	10	a	a	DET
cblr-7157	1	11	property	property	NOUN
cblr-7157	1	12	theory	theory	NOUN
cblr-7157	1	13	of	of	ADP
cblr-7157	1	14	corporate	corporate	ADJ
cblr-7157	1	15	law	law	NOUN
cblr-7157	1	16	robert	robert	PROPN
cblr-7157	1	17	anderson	anderson	PROPN
cblr-7157	1	18	iv	iv	PROPN
cblr-7157	1	19	*	*	PUNCT
cblr-7157	1	20	the	the	DET
cblr-7157	1	21	dominant	dominant	ADJ
cblr-7157	1	22	view	view	NOUN
cblr-7157	1	23	of	of	ADP
cblr-7157	1	24	the	the	DET
cblr-7157	1	25	corporation	corporation	NOUN
cblr-7157	1	26	in	in	ADP
cblr-7157	1	27	legal	legal	ADJ
cblr-7157	1	28	scholarship	scholarship	NOUN
cblr-7157	1	29	is	be	AUX
cblr-7157	1	30	contractarian	contractarian	ADJ
cblr-7157	1	31	,	,	PUNCT
cblr-7157	1	32	one	one	NOUN
cblr-7157	1	33	that	that	PRON
cblr-7157	1	34	sees	see	VERB
cblr-7157	1	35	the	the	DET
cblr-7157	1	36	corporation	corporation	NOUN
cblr-7157	1	37	as	as	ADP
cblr-7157	1	38	a	a	DET
cblr-7157	1	39	“	"	PUNCT
cblr-7157	1	40	nexus	nexus	NOUN
cblr-7157	1	41	of	of	ADP
cblr-7157	1	42	contracts	contract	NOUN
cblr-7157	1	43	”	"	PUNCT
cblr-7157	1	44	among	among	ADP
cblr-7157	1	45	the	the	DET
cblr-7157	1	46	various	various	ADJ
cblr-7157	1	47	suppliers	supplier	NOUN
cblr-7157	1	48	of	of	ADP
cblr-7157	1	49	inputs	input	NOUN
cblr-7157	1	50	to	to	ADP
cblr-7157	1	51	the	the	DET
cblr-7157	1	52	business	business	NOUN
cblr-7157	1	53	,	,	PUNCT
cblr-7157	1	54	such	such	ADJ
cblr-7157	1	55	as	as	ADP
cblr-7157	1	56	investors	investor	NOUN
cblr-7157	1	57	,	,	PUNCT
cblr-7157	1	58	creditors	creditor	NOUN
cblr-7157	1	59	,	,	PUNCT
cblr-7157	1	60	and	and	CCONJ
cblr-7157	1	61	employees	employee	NOUN
cblr-7157	1	62	.	.	PUNCT
cblr-7157	2	1	according	accord	VERB
cblr-7157	2	2	to	to	ADP
cblr-7157	2	3	this	this	DET
cblr-7157	2	4	view	view	NOUN
cblr-7157	2	5	,	,	PUNCT
cblr-7157	2	6	the	the	DET
cblr-7157	2	7	holders	holder	NOUN
cblr-7157	2	8	of	of	ADP
cblr-7157	2	9	common	common	ADJ
cblr-7157	2	10	stock	stock	NOUN
cblr-7157	2	11	—	—	PUNCT
cblr-7157	2	12	those	those	PRON
cblr-7157	2	13	who	who	PRON
cblr-7157	2	14	are	be	AUX
cblr-7157	2	15	traditionally	traditionally	ADV
cblr-7157	2	16	the	the	DET
cblr-7157	2	17	primary	primary	ADJ
cblr-7157	2	18	focus	focus	NOUN
cblr-7157	2	19	of	of	ADP
cblr-7157	2	20	corporate	corporate	ADJ
cblr-7157	2	21	law	law	NOUN
cblr-7157	2	22	—	—	PUNCT
cblr-7157	2	23	are	be	AUX
cblr-7157	2	24	not	not	PART
cblr-7157	2	25	the	the	DET
cblr-7157	2	26	owners	owner	NOUN
cblr-7157	2	27	of	of	ADP
cblr-7157	2	28	the	the	DET
cblr-7157	2	29	corporation	corporation	NOUN
cblr-7157	2	30	,	,	PUNCT
cblr-7157	2	31	but	but	CCONJ
cblr-7157	2	32	just	just	ADV
cblr-7157	2	33	one	one	NUM
cblr-7157	2	34	of	of	ADP
cblr-7157	2	35	many	many	ADJ
cblr-7157	2	36	contractual	contractual	ADJ
cblr-7157	2	37	claimants	claimant	NOUN
cblr-7157	2	38	.	.	PUNCT
cblr-7157	3	1	as	as	ADP
cblr-7157	3	2	a	a	DET
cblr-7157	3	3	result	result	NOUN
cblr-7157	3	4	,	,	PUNCT
cblr-7157	3	5	the	the	DET
cblr-7157	3	6	corporation	corporation	NOUN
cblr-7157	3	7	is	be	AUX
cblr-7157	3	8	a	a	DET
cblr-7157	3	9	free	free	ADV
cblr-7157	3	10	-	-	PUNCT
cblr-7157	3	11	floating	float	VERB
cblr-7157	3	12	nexus	nexus	NOUN
cblr-7157	3	13	of	of	ADP
cblr-7157	3	14	contracts	contract	NOUN
cblr-7157	3	15	with	with	ADP
cblr-7157	3	16	no	no	DET
cblr-7157	3	17	property	property	NOUN
cblr-7157	3	18	interests	interest	NOUN
cblr-7157	3	19	in	in	ADP
cblr-7157	3	20	the	the	DET
cblr-7157	3	21	corporation	corporation	NOUN
cblr-7157	3	22	itself	itself	PRON
cblr-7157	3	23	or	or	CCONJ
cblr-7157	3	24	its	its	PRON
cblr-7157	3	25	assets	asset	NOUN
cblr-7157	3	26	.	.	PUNCT
cblr-7157	4	1	thus	thus	ADV
cblr-7157	4	2	,	,	PUNCT
cblr-7157	4	3	corporate	corporate	ADJ
cblr-7157	4	4	law	law	NOUN
cblr-7157	4	5	is	be	AUX
cblr-7157	4	6	seen	see	VERB
cblr-7157	4	7	as	as	ADP
cblr-7157	4	8	essentially	essentially	ADV
cblr-7157	4	9	a	a	DET
cblr-7157	4	10	specialized	specialized	ADJ
cblr-7157	4	11	branch	branch	NOUN
cblr-7157	4	12	of	of	ADP
cblr-7157	4	13	contract	contract	NOUN
cblr-7157	4	14	law	law	NOUN
cblr-7157	4	15	.	.	PUNCT
cblr-7157	5	1	the	the	DET
cblr-7157	5	2	contractarian	contractarian	ADJ
cblr-7157	5	3	metaphor	metaphor	NOUN
cblr-7157	5	4	has	have	AUX
cblr-7157	5	5	largely	largely	ADV
cblr-7157	5	6	persuaded	persuade	VERB
cblr-7157	5	7	the	the	DET
cblr-7157	5	8	academy	academy	NOUN
cblr-7157	5	9	and	and	CCONJ
cblr-7157	5	10	much	much	ADJ
cblr-7157	5	11	of	of	ADP
cblr-7157	5	12	the	the	DET
cblr-7157	5	13	corporate	corporate	ADJ
cblr-7157	5	14	law	law	NOUN
cblr-7157	5	15	bench	bench	NOUN
cblr-7157	5	16	,	,	PUNCT
cblr-7157	5	17	evidenced	evidence	VERB
cblr-7157	5	18	by	by	ADP
cblr-7157	5	19	the	the	DET
cblr-7157	5	20	regularity	regularity	NOUN
cblr-7157	5	21	in	in	ADP
cblr-7157	5	22	which	which	PRON
cblr-7157	5	23	delaware	delaware	PROPN
cblr-7157	5	24	courts	court	NOUN
cblr-7157	5	25	interpret	interpret	VERB
cblr-7157	5	26	charter	charter	NOUN
cblr-7157	5	27	documents	document	NOUN
cblr-7157	5	28	as	as	ADP
cblr-7157	5	29	“	"	PUNCT
cblr-7157	5	30	contracts	contract	NOUN
cblr-7157	5	31	.	.	PUNCT
cblr-7157	5	32	”	"	PUNCT
cblr-7157	6	1	courts	court	NOUN
cblr-7157	6	2	and	and	CCONJ
cblr-7157	6	3	commentators	commentator	NOUN
cblr-7157	6	4	alike	alike	ADV
cblr-7157	6	5	regard	regard	VERB
cblr-7157	6	6	corporate	corporate	ADJ
cblr-7157	6	7	law	law	NOUN
cblr-7157	6	8	as	as	ADP
cblr-7157	6	9	essentially	essentially	ADV
cblr-7157	6	10	a	a	DET
cblr-7157	6	11	set	set	NOUN
cblr-7157	6	12	of	of	ADP
cblr-7157	6	13	“	"	PUNCT
cblr-7157	6	14	off	off	ADP
cblr-7157	6	15	-	-	PUNCT
cblr-7157	6	16	the	the	DET
cblr-7157	6	17	-	-	PUNCT
cblr-7157	6	18	rack	rack	NOUN
cblr-7157	6	19	”	"	PUNCT
cblr-7157	6	20	contractual	contractual	ADJ
cblr-7157	6	21	default	default	NOUN
cblr-7157	6	22	rules	rule	NOUN
cblr-7157	6	23	provided	provide	VERB
cblr-7157	6	24	by	by	ADP
cblr-7157	6	25	the	the	DET
cblr-7157	6	26	state	state	NOUN
cblr-7157	6	27	.	.	PUNCT
cblr-7157	7	1	yet	yet	CCONJ
cblr-7157	7	2	the	the	DET
cblr-7157	7	3	contractarian	contractarian	ADJ
cblr-7157	7	4	metaphor	metaphor	NOUN
cblr-7157	7	5	has	have	AUX
cblr-7157	7	6	struggled	struggle	VERB
cblr-7157	7	7	to	to	PART
cblr-7157	7	8	account	account	VERB
cblr-7157	7	9	for	for	ADP
cblr-7157	7	10	some	some	PRON
cblr-7157	7	11	of	of	ADP
cblr-7157	7	12	the	the	DET
cblr-7157	7	13	most	most	ADV
cblr-7157	7	14	fundamental	fundamental	ADJ
cblr-7157	7	15	features	feature	NOUN
cblr-7157	7	16	of	of	ADP
cblr-7157	7	17	corporate	corporate	ADJ
cblr-7157	7	18	law	law	NOUN
cblr-7157	7	19	.	.	PUNCT
cblr-7157	8	1	for	for	ADP
cblr-7157	8	2	example	example	NOUN
cblr-7157	8	3	,	,	PUNCT
cblr-7157	8	4	the	the	DET
cblr-7157	8	5	nexus	nexus	NOUN
cblr-7157	8	6	of	of	ADP
cblr-7157	8	7	contracts	contract	NOUN
cblr-7157	8	8	view	view	VERB
cblr-7157	8	9	fails	fail	VERB
cblr-7157	8	10	to	to	PART
cblr-7157	8	11	adequately	adequately	ADV
cblr-7157	8	12	explain	explain	VERB
cblr-7157	8	13	why	why	SCONJ
cblr-7157	8	14	fiduciary	fiduciary	ADJ
cblr-7157	8	15	duties	duty	NOUN
cblr-7157	8	16	attach	attach	VERB
cblr-7157	8	17	uniquely	uniquely	ADV
cblr-7157	8	18	to	to	ADP
cblr-7157	8	19	shareholders	shareholder	NOUN
cblr-7157	8	20	and	and	CCONJ
cblr-7157	8	21	not	not	PART
cblr-7157	8	22	to	to	ADP
cblr-7157	8	23	other	other	ADJ
cblr-7157	8	24	contractual	contractual	ADJ
cblr-7157	8	25	claimants	claimant	NOUN
cblr-7157	8	26	on	on	ADP
cblr-7157	8	27	the	the	DET
cblr-7157	8	28	corporation	corporation	NOUN
cblr-7157	8	29	.	.	PUNCT
cblr-7157	9	1	equally	equally	ADV
cblr-7157	9	2	important	important	ADJ
cblr-7157	9	3	,	,	PUNCT
cblr-7157	9	4	the	the	DET
cblr-7157	9	5	nexus	nexus	NOUN
cblr-7157	9	6	of	of	ADP
cblr-7157	9	7	contracts	contract	NOUN
cblr-7157	9	8	approach	approach	NOUN
cblr-7157	9	9	also	also	ADV
cblr-7157	9	10	fails	fail	VERB
cblr-7157	9	11	to	to	PART
cblr-7157	9	12	account	account	VERB
cblr-7157	9	13	for	for	ADP
cblr-7157	9	14	the	the	DET
cblr-7157	9	15	many	many	ADJ
cblr-7157	9	16	in	in	ADP
cblr-7157	9	17	rem	rem	PROPN
cblr-7157	9	18	*	*	PROPN
cblr-7157	9	19	professor	professor	NOUN
cblr-7157	9	20	of	of	ADP
cblr-7157	9	21	law	law	NOUN
cblr-7157	9	22	,	,	PUNCT
cblr-7157	9	23	pepperdine	pepperdine	PROPN
cblr-7157	9	24	university	university	PROPN
cblr-7157	9	25	caruso	caruso	PROPN
cblr-7157	9	26	school	school	PROPN
cblr-7157	9	27	of	of	ADP
cblr-7157	9	28	law	law	NOUN
cblr-7157	9	29	.	.	PUNCT
cblr-7157	10	1	i	i	PRON
cblr-7157	10	2	would	would	AUX
cblr-7157	10	3	like	like	VERB
cblr-7157	10	4	to	to	PART
cblr-7157	10	5	thank	thank	VERB
cblr-7157	10	6	stephen	stephen	PROPN
cblr-7157	10	7	bainbridge	bainbridge	PROPN
cblr-7157	10	8	,	,	PUNCT
cblr-7157	10	9	jordan	jordan	PROPN
cblr-7157	10	10	barry	barry	PROPN
cblr-7157	10	11	,	,	PUNCT
cblr-7157	10	12	vincent	vincent	PROPN
cblr-7157	10	13	buccola	buccola	PROPN
cblr-7157	10	14	,	,	PUNCT
cblr-7157	10	15	lynne	lynne	PROPN
cblr-7157	10	16	dallas	dallas	PROPN
cblr-7157	10	17	,	,	PUNCT
cblr-7157	10	18	danielle	danielle	PROPN
cblr-7157	10	19	d’onfro	d’onfro	PROPN
cblr-7157	10	20	,	,	PUNCT
cblr-7157	10	21	joan	joan	PROPN
cblr-7157	10	22	macleod	macleod	PROPN
cblr-7157	10	23	heminway	heminway	PROPN
cblr-7157	10	24	,	,	PUNCT
cblr-7157	10	25	ann	ann	PROPN
cblr-7157	10	26	lipton	lipton	PROPN
cblr-7157	10	27	,	,	PUNCT
cblr-7157	10	28	dorothy	dorothy	PROPN
cblr-7157	10	29	lund	lund	PROPN
cblr-7157	10	30	,	,	PUNCT
cblr-7157	10	31	paul	paul	PROPN
cblr-7157	10	32	miller	miller	PROPN
cblr-7157	10	33	,	,	PUNCT
cblr-7157	10	34	george	george	PROPN
cblr-7157	10	35	mocsary	mocsary	PROPN
cblr-7157	10	36	,	,	PUNCT
cblr-7157	10	37	greg	greg	PROPN
cblr-7157	10	38	shill	shill	PROPN
cblr-7157	10	39	,	,	PUNCT
cblr-7157	10	40	mike	mike	PROPN
cblr-7157	10	41	simkovic	simkovic	PROPN
cblr-7157	10	42	,	,	PUNCT
cblr-7157	10	43	and	and	CCONJ
cblr-7157	10	44	julian	julian	PROPN
cblr-7157	10	45	velasco	velasco	PROPN
cblr-7157	10	46	,	,	PUNCT
cblr-7157	10	47	for	for	ADP
cblr-7157	10	48	their	their	PRON
cblr-7157	10	49	helpful	helpful	ADJ
cblr-7157	10	50	comments	comment	NOUN
cblr-7157	10	51	.	.	PUNCT
cblr-7157	11	1	i	i	PRON
cblr-7157	11	2	would	would	AUX
cblr-7157	11	3	especially	especially	ADV
cblr-7157	11	4	like	like	VERB
cblr-7157	11	5	to	to	PART
cblr-7157	11	6	thank	thank	VERB
cblr-7157	11	7	the	the	DET
cblr-7157	11	8	participants	participant	NOUN
cblr-7157	11	9	at	at	ADP
cblr-7157	11	10	presentations	presentation	NOUN
cblr-7157	11	11	of	of	ADP
cblr-7157	11	12	this	this	DET
cblr-7157	11	13	paper	paper	NOUN
cblr-7157	11	14	at	at	ADP
cblr-7157	11	15	the	the	DET
cblr-7157	11	16	national	national	PROPN
cblr-7157	11	17	business	business	PROPN
cblr-7157	11	18	law	law	NOUN
cblr-7157	11	19	scholars	scholar	NOUN
cblr-7157	11	20	conference	conference	VERB
cblr-7157	11	21	and	and	CCONJ
cblr-7157	11	22	the	the	DET
cblr-7157	11	23	works	work	NOUN
cblr-7157	11	24	in	in	ADP
cblr-7157	11	25	progress	progress	NOUN
cblr-7157	11	26	workshop	workshop	NOUN
cblr-7157	11	27	series	series	NOUN
cblr-7157	11	28	of	of	ADP
cblr-7157	11	29	the	the	DET
cblr-7157	11	30	murphy	murphy	PROPN
cblr-7157	11	31	institute	institute	PROPN
cblr-7157	11	32	at	at	ADP
cblr-7157	11	33	tulane	tulane	PROPN
cblr-7157	11	34	law	law	PROPN
cblr-7157	11	35	school	school	NOUN
cblr-7157	11	36	for	for	ADP
cblr-7157	11	37	their	their	PRON
cblr-7157	11	38	helpful	helpful	ADJ
cblr-7157	11	39	comments	comment	NOUN
cblr-7157	11	40	.	.	PUNCT
cblr-7157	12	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	12	2	(	(	PUNCT
cblr-7157	12	3	do	do	AUX
cblr-7157	12	4	not	not	PART
cblr-7157	12	5	delte	delte	VERB
cblr-7157	12	6	)	)	PUNCT
cblr-7157	12	7	10/2/2020	10/2/2020	NUM
cblr-7157	12	8	11:44	11:44	NUM
cblr-7157	12	9	am	am	NOUN
cblr-7157	12	10	2	2	NUM
cblr-7157	12	11	columbia	columbia	PROPN
cblr-7157	12	12	business	business	NOUN
cblr-7157	12	13	law	law	PROPN
cblr-7157	12	14	review	review	NOUN
cblr-7157	12	15	[	[	X
cblr-7157	12	16	vol	vol	NOUN
cblr-7157	12	17	.	.	PUNCT
cblr-7157	12	18	2020	2020	NUM
cblr-7157	12	19	features	feature	NOUN
cblr-7157	12	20	of	of	ADP
cblr-7157	12	21	the	the	DET
cblr-7157	12	22	corporation	corporation	NOUN
cblr-7157	12	23	that	that	PRON
cblr-7157	12	24	contract	contract	NOUN
cblr-7157	12	25	law	law	NOUN
cblr-7157	12	26	could	could	AUX
cblr-7157	12	27	not	not	PART
cblr-7157	12	28	easily	easily	ADV
cblr-7157	12	29	replicate	replicate	VERB
cblr-7157	12	30	.	.	PUNCT
cblr-7157	13	1	there	there	PRON
cblr-7157	13	2	is	be	VERB
cblr-7157	13	3	a	a	DET
cblr-7157	13	4	piece	piece	NOUN
cblr-7157	13	5	missing	miss	VERB
cblr-7157	13	6	in	in	ADP
cblr-7157	13	7	the	the	DET
cblr-7157	13	8	contractarian	contractarian	ADJ
cblr-7157	13	9	account	account	NOUN
cblr-7157	13	10	of	of	ADP
cblr-7157	13	11	the	the	DET
cblr-7157	13	12	corporation	corporation	NOUN
cblr-7157	13	13	.	.	PUNCT
cblr-7157	14	1	this	this	DET
cblr-7157	14	2	article	article	NOUN
cblr-7157	14	3	argues	argue	VERB
cblr-7157	14	4	that	that	SCONJ
cblr-7157	14	5	property	property	NOUN
cblr-7157	14	6	law	law	NOUN
cblr-7157	14	7	provides	provide	VERB
cblr-7157	14	8	the	the	DET
cblr-7157	14	9	missing	miss	VERB
cblr-7157	14	10	piece	piece	NOUN
cblr-7157	14	11	of	of	ADP
cblr-7157	14	12	the	the	DET
cblr-7157	14	13	contractarian	contractarian	ADJ
cblr-7157	14	14	puzzle	puzzle	NOUN
cblr-7157	14	15	in	in	ADP
cblr-7157	14	16	demarcating	demarcate	VERB
cblr-7157	14	17	the	the	DET
cblr-7157	14	18	boundaries	boundary	NOUN
cblr-7157	14	19	of	of	ADP
cblr-7157	14	20	corporate	corporate	ADJ
cblr-7157	14	21	law	law	NOUN
cblr-7157	14	22	and	and	CCONJ
cblr-7157	14	23	explaining	explain	VERB
cblr-7157	14	24	the	the	DET
cblr-7157	14	25	distinctive	distinctive	ADJ
cblr-7157	14	26	features	feature	NOUN
cblr-7157	14	27	of	of	ADP
cblr-7157	14	28	it	it	PRON
cblr-7157	14	29	.	.	PUNCT
cblr-7157	15	1	in	in	ADP
cblr-7157	15	2	the	the	DET
cblr-7157	15	3	property	property	NOUN
cblr-7157	15	4	theory	theory	NOUN
cblr-7157	15	5	,	,	PUNCT
cblr-7157	15	6	the	the	DET
cblr-7157	15	7	corporation	corporation	NOUN
cblr-7157	15	8	is	be	AUX
cblr-7157	15	9	an	an	DET
cblr-7157	15	10	ownership	ownership	NOUN
cblr-7157	15	11	structure	structure	NOUN
cblr-7157	15	12	—	—	PUNCT
cblr-7157	15	13	a	a	DET
cblr-7157	15	14	device	device	NOUN
cblr-7157	15	15	for	for	ADP
cblr-7157	15	16	turning	turn	VERB
cblr-7157	15	17	a	a	DET
cblr-7157	15	18	messy	messy	ADJ
cblr-7157	15	19	set	set	NOUN
cblr-7157	15	20	of	of	ADP
cblr-7157	15	21	in	in	ADP
cblr-7157	15	22	personam	personam	NOUN
cblr-7157	15	23	claims	claim	NOUN
cblr-7157	15	24	into	into	ADP
cblr-7157	15	25	an	an	DET
cblr-7157	15	26	orderly	orderly	ADJ
cblr-7157	15	27	package	package	NOUN
cblr-7157	15	28	of	of	ADP
cblr-7157	15	29	in	in	ADP
cblr-7157	15	30	rem	rem	NOUN
cblr-7157	15	31	property	property	NOUN
cblr-7157	15	32	rights	right	NOUN
cblr-7157	15	33	,	,	PUNCT
cblr-7157	15	34	called	call	VERB
cblr-7157	15	35	“	"	PUNCT
cblr-7157	15	36	shares	share	NOUN
cblr-7157	15	37	.	.	PUNCT
cblr-7157	15	38	”	"	PUNCT
cblr-7157	16	1	the	the	DET
cblr-7157	16	2	in	in	ADP
cblr-7157	16	3	rem	rem	NOUN
cblr-7157	16	4	structure	structure	NOUN
cblr-7157	16	5	depersonalizes	depersonalize	VERB
cblr-7157	16	6	these	these	DET
cblr-7157	16	7	rights	right	NOUN
cblr-7157	16	8	,	,	PUNCT
cblr-7157	16	9	allowing	allow	VERB
cblr-7157	16	10	them	they	PRON
cblr-7157	16	11	to	to	PART
cblr-7157	16	12	be	be	AUX
cblr-7157	16	13	divided	divide	VERB
cblr-7157	16	14	and	and	CCONJ
cblr-7157	16	15	transferred	transfer	VERB
cblr-7157	16	16	without	without	ADP
cblr-7157	16	17	contractual	contractual	ADJ
cblr-7157	16	18	assent	assent	NOUN
cblr-7157	16	19	and	and	CCONJ
cblr-7157	16	20	without	without	ADP
cblr-7157	16	21	entangling	entangle	VERB
cblr-7157	16	22	the	the	DET
cblr-7157	16	23	personal	personal	ADJ
cblr-7157	16	24	attributes	attribute	NOUN
cblr-7157	16	25	of	of	ADP
cblr-7157	16	26	the	the	DET
cblr-7157	16	27	holder	holder	NOUN
cblr-7157	16	28	.	.	PUNCT
cblr-7157	17	1	the	the	DET
cblr-7157	17	2	key	key	NOUN
cblr-7157	17	3	to	to	ADP
cblr-7157	17	4	the	the	DET
cblr-7157	17	5	proprietary	proprietary	ADJ
cblr-7157	17	6	nature	nature	NOUN
cblr-7157	17	7	of	of	ADP
cblr-7157	17	8	this	this	DET
cblr-7157	17	9	ownership	ownership	NOUN
cblr-7157	17	10	interest	interest	NOUN
cblr-7157	17	11	is	be	AUX
cblr-7157	17	12	the	the	DET
cblr-7157	17	13	residual	residual	ADJ
cblr-7157	17	14	control	control	NOUN
cblr-7157	17	15	—	—	PUNCT
cblr-7157	17	16	voting	voting	NOUN
cblr-7157	17	17	rights	right	NOUN
cblr-7157	17	18	—	—	PUNCT
cblr-7157	17	19	that	that	PRON
cblr-7157	17	20	solidify	solidify	VERB
cblr-7157	17	21	the	the	DET
cblr-7157	17	22	status	status	NOUN
cblr-7157	17	23	of	of	ADP
cblr-7157	17	24	common	common	ADJ
cblr-7157	17	25	stock	stock	NOUN
cblr-7157	17	26	as	as	ADP
cblr-7157	17	27	a	a	DET
cblr-7157	17	28	property	property	NOUN
cblr-7157	17	29	interest	interest	NOUN
cblr-7157	17	30	rather	rather	ADV
cblr-7157	17	31	than	than	ADP
cblr-7157	17	32	a	a	DET
cblr-7157	17	33	contractual	contractual	ADJ
cblr-7157	17	34	interest	interest	NOUN
cblr-7157	17	35	.	.	PUNCT
cblr-7157	18	1	the	the	DET
cblr-7157	18	2	property	property	NOUN
cblr-7157	18	3	theory	theory	NOUN
cblr-7157	18	4	’s	’s	PART
cblr-7157	18	5	assertion	assertion	NOUN
cblr-7157	18	6	that	that	SCONJ
cblr-7157	18	7	claims	claim	NOUN
cblr-7157	18	8	on	on	ADP
cblr-7157	18	9	the	the	DET
cblr-7157	18	10	corporation	corporation	NOUN
cblr-7157	18	11	are	be	AUX
cblr-7157	18	12	a	a	DET
cblr-7157	18	13	mix	mix	NOUN
cblr-7157	18	14	of	of	ADP
cblr-7157	18	15	property	property	NOUN
cblr-7157	18	16	and	and	CCONJ
cblr-7157	18	17	contract	contract	NOUN
cblr-7157	18	18	rights	right	NOUN
cblr-7157	18	19	provides	provide	VERB
cblr-7157	18	20	traction	traction	NOUN
cblr-7157	18	21	in	in	ADP
cblr-7157	18	22	otherwise	otherwise	ADV
cblr-7157	18	23	slippery	slippery	ADJ
cblr-7157	18	24	areas	area	NOUN
cblr-7157	18	25	of	of	ADP
cblr-7157	18	26	corporate	corporate	ADJ
cblr-7157	18	27	law	law	NOUN
cblr-7157	18	28	.	.	PUNCT
cblr-7157	19	1	if	if	SCONJ
cblr-7157	19	2	there	there	PRON
cblr-7157	19	3	is	be	VERB
cblr-7157	19	4	a	a	DET
cblr-7157	19	5	line	line	NOUN
cblr-7157	19	6	to	to	PART
cblr-7157	19	7	be	be	AUX
cblr-7157	19	8	drawn	draw	VERB
cblr-7157	19	9	between	between	ADP
cblr-7157	19	10	contract	contract	NOUN
cblr-7157	19	11	and	and	CCONJ
cblr-7157	19	12	property	property	NOUN
cblr-7157	19	13	,	,	PUNCT
cblr-7157	19	14	this	this	DET
cblr-7157	19	15	dividing	dividing	NOUN
cblr-7157	19	16	line	line	NOUN
cblr-7157	19	17	identifies	identify	VERB
cblr-7157	19	18	the	the	DET
cblr-7157	19	19	boundaries	boundary	NOUN
cblr-7157	19	20	of	of	ADP
cblr-7157	19	21	distinctively	distinctively	ADV
cblr-7157	19	22	corporate	corporate	ADJ
cblr-7157	19	23	law	law	NOUN
cblr-7157	19	24	from	from	ADP
cblr-7157	19	25	contract	contract	NOUN
cblr-7157	19	26	law	law	NOUN
cblr-7157	19	27	.	.	PUNCT
cblr-7157	20	1	accordingly	accordingly	ADV
cblr-7157	20	2	,	,	PUNCT
cblr-7157	20	3	the	the	DET
cblr-7157	20	4	rationale	rationale	NOUN
cblr-7157	20	5	for	for	ADP
cblr-7157	20	6	shareholder	shareholder	NOUN
cblr-7157	20	7	-	-	PUNCT
cblr-7157	20	8	only	only	ADV
cblr-7157	20	9	fiduciary	fiduciary	ADJ
cblr-7157	20	10	duties	duty	NOUN
cblr-7157	20	11	is	be	AUX
cblr-7157	20	12	not	not	PART
cblr-7157	20	13	primarily	primarily	ADV
cblr-7157	20	14	that	that	SCONJ
cblr-7157	20	15	shareholders	shareholder	NOUN
cblr-7157	20	16	are	be	AUX
cblr-7157	20	17	the	the	DET
cblr-7157	20	18	residual	residual	ADJ
cblr-7157	20	19	claimants	claimant	NOUN
cblr-7157	20	20	in	in	ADP
cblr-7157	20	21	the	the	DET
cblr-7157	20	22	economic	economic	ADJ
cblr-7157	20	23	sense	sense	NOUN
cblr-7157	20	24	,	,	PUNCT
cblr-7157	20	25	but	but	CCONJ
cblr-7157	20	26	that	that	SCONJ
cblr-7157	20	27	they	they	PRON
cblr-7157	20	28	have	have	VERB
cblr-7157	20	29	a	a	DET
cblr-7157	20	30	residual	residual	ADJ
cblr-7157	20	31	control	control	NOUN
cblr-7157	20	32	right	right	ADJ
cblr-7157	20	33	constituting	constitute	VERB
cblr-7157	20	34	an	an	DET
cblr-7157	20	35	ownership	ownership	NOUN
cblr-7157	20	36	interest	interest	NOUN
cblr-7157	20	37	unique	unique	ADJ
cblr-7157	20	38	among	among	ADP
cblr-7157	20	39	corporate	corporate	ADJ
cblr-7157	20	40	claimants	claimant	NOUN
cblr-7157	20	41	.	.	PUNCT
cblr-7157	21	1	the	the	DET
cblr-7157	21	2	property	property	NOUN
cblr-7157	21	3	theory	theory	NOUN
cblr-7157	21	4	of	of	ADP
cblr-7157	21	5	corporate	corporate	ADJ
cblr-7157	21	6	law	law	NOUN
cblr-7157	21	7	best	well	ADV
cblr-7157	21	8	explains	explain	VERB
cblr-7157	21	9	many	many	ADJ
cblr-7157	21	10	features	feature	NOUN
cblr-7157	21	11	of	of	ADP
cblr-7157	21	12	corporate	corporate	ADJ
cblr-7157	21	13	law	law	NOUN
cblr-7157	21	14	and	and	CCONJ
cblr-7157	21	15	clarifies	clarify	VERB
cblr-7157	21	16	otherwise	otherwise	ADV
cblr-7157	21	17	murky	murky	ADJ
cblr-7157	21	18	line	line	NOUN
cblr-7157	21	19	drawing	draw	VERB
cblr-7157	21	20	exercises	exercise	NOUN
cblr-7157	21	21	in	in	ADP
cblr-7157	21	22	defining	define	VERB
cblr-7157	21	23	the	the	DET
cblr-7157	21	24	scope	scope	NOUN
cblr-7157	21	25	of	of	ADP
cblr-7157	21	26	fiduciary	fiduciary	ADJ
cblr-7157	21	27	duties	duty	NOUN
cblr-7157	21	28	.	.	PUNCT
cblr-7157	22	1	i.	i.	PROPN
cblr-7157	22	2	introduction	introduction	NOUN
cblr-7157	22	3	.........................................................................	.........................................................................	PUNCT
cblr-7157	22	4	3	3	NUM
cblr-7157	22	5	ii	ii	NOUN
cblr-7157	22	6	.	.	PUNCT
cblr-7157	23	1	the	the	DET
cblr-7157	23	2	contractual	contractual	ADJ
cblr-7157	23	3	theory	theory	NOUN
cblr-7157	23	4	and	and	CCONJ
cblr-7157	23	5	its	its	PRON
cblr-7157	23	6	limitations	limitation	NOUN
cblr-7157	23	7	...................	...................	PUNCT
cblr-7157	23	8	11	11	NUM
cblr-7157	23	9	a.	a.	NOUN
cblr-7157	23	10	the	the	DET
cblr-7157	23	11	contractual	contractual	ADJ
cblr-7157	23	12	theory	theory	NOUN
cblr-7157	23	13	of	of	ADP
cblr-7157	23	14	the	the	DET
cblr-7157	23	15	firm	firm	NOUN
cblr-7157	23	16	.......................	.......................	PUNCT
cblr-7157	23	17	12	12	NUM
cblr-7157	23	18	b.	b.	NOUN
cblr-7157	23	19	the	the	DET
cblr-7157	23	20	contractual	contractual	ADJ
cblr-7157	23	21	theory	theory	NOUN
cblr-7157	23	22	of	of	ADP
cblr-7157	23	23	the	the	DET
cblr-7157	23	24	corporation	corporation	NOUN
cblr-7157	23	25	...........	...........	PUNCT
cblr-7157	23	26	16	16	NUM
cblr-7157	23	27	c.	c.	NOUN
cblr-7157	23	28	the	the	DET
cblr-7157	23	29	theory	theory	NOUN
cblr-7157	23	30	of	of	ADP
cblr-7157	23	31	the	the	DET
cblr-7157	23	32	firm	firm	NOUN
cblr-7157	23	33	versus	versus	ADP
cblr-7157	23	34	the	the	DET
cblr-7157	23	35	legal	legal	ADJ
cblr-7157	23	36	backdrop	backdrop	NOUN
cblr-7157	23	37	...............................................................................	...............................................................................	PUNCT
cblr-7157	23	38	21	21	NUM
cblr-7157	23	39	1	1	NUM
cblr-7157	23	40	.	.	PUNCT
cblr-7157	23	41	common	common	ADJ
cblr-7157	23	42	stock	stock	NOUN
cblr-7157	23	43	and	and	CCONJ
cblr-7157	23	44	property	property	NOUN
cblr-7157	23	45	theory	theory	NOUN
cblr-7157	23	46	................	................	PUNCT
cblr-7157	23	47	23	23	NUM
cblr-7157	23	48	2	2	NUM
cblr-7157	23	49	.	.	PUNCT
cblr-7157	23	50	problems	problem	NOUN
cblr-7157	23	51	with	with	ADP
cblr-7157	23	52	common	common	ADJ
cblr-7157	23	53	stock	stock	NOUN
cblr-7157	23	54	as	as	ADP
cblr-7157	23	55	contract	contract	NOUN
cblr-7157	23	56	.......	.......	PUNCT
cblr-7157	23	57	33	33	NUM
cblr-7157	23	58	3	3	X
cblr-7157	23	59	.	.	PUNCT
cblr-7157	24	1	summary	summary	NOUN
cblr-7157	24	2	...........................................................	...........................................................	PUNCT
cblr-7157	25	1	44	44	NUM
cblr-7157	25	2	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	25	3	(	(	PUNCT
cblr-7157	25	4	do	do	AUX
cblr-7157	25	5	not	not	PART
cblr-7157	25	6	delete	delete	VERB
cblr-7157	25	7	)	)	PUNCT
cblr-7157	25	8	10/2/2020	10/2/2020	NUM
cblr-7157	25	9	11:44	11:44	NUM
cblr-7157	25	10	am	be	AUX
cblr-7157	25	11	no	no	NOUN
cblr-7157	25	12	.	.	PUNCT
cblr-7157	25	13	1:1	1:1	NUM
cblr-7157	25	14	]	]	X
cblr-7157	25	15	a	a	DET
cblr-7157	25	16	property	property	NOUN
cblr-7157	25	17	theory	theory	NOUN
cblr-7157	25	18	3	3	NUM
cblr-7157	25	19	iii	iii	NOUN
cblr-7157	25	20	.	.	PUNCT
cblr-7157	26	1	building	build	VERB
cblr-7157	26	2	a	a	DET
cblr-7157	26	3	property	property	NOUN
cblr-7157	26	4	theory	theory	NOUN
cblr-7157	26	5	of	of	ADP
cblr-7157	26	6	corporate	corporate	ADJ
cblr-7157	26	7	law	law	NOUN
cblr-7157	26	8	...............	...............	PUNCT
cblr-7157	26	9	45	45	NUM
cblr-7157	26	10	a.	a.	NOUN
cblr-7157	26	11	the	the	DET
cblr-7157	26	12	corporation	corporation	NOUN
cblr-7157	26	13	as	as	ADP
cblr-7157	26	14	an	an	DET
cblr-7157	26	15	ownership	ownership	NOUN
cblr-7157	26	16	structure	structure	NOUN
cblr-7157	26	17	.........	.........	PUNCT
cblr-7157	26	18	46	46	NUM
cblr-7157	26	19	b.	b.	PROPN
cblr-7157	26	20	property	property	PROPN
cblr-7157	26	21	theory	theory	NOUN
cblr-7157	26	22	,	,	PUNCT
cblr-7157	26	23	the	the	DET
cblr-7157	26	24	right	right	NOUN
cblr-7157	26	25	to	to	PART
cblr-7157	26	26	exclude	exclude	VERB
cblr-7157	26	27	,	,	PUNCT
cblr-7157	26	28	and	and	CCONJ
cblr-7157	26	29	corporate	corporate	ADJ
cblr-7157	26	30	law	law	NOUN
cblr-7157	26	31	.......................................................	.......................................................	PUNCT
cblr-7157	26	32	48	48	NUM
cblr-7157	26	33	c.	c.	NOUN
cblr-7157	26	34	the	the	DET
cblr-7157	26	35	property	property	NOUN
cblr-7157	26	36	-	-	PUNCT
cblr-7157	26	37	contract	contract	NOUN
cblr-7157	26	38	borderline	borderline	NOUN
cblr-7157	26	39	:	:	PUNCT
cblr-7157	26	40	replicability	replicability	NOUN
cblr-7157	26	41	of	of	ADP
cblr-7157	26	42	corporate	corporate	ADJ
cblr-7157	26	43	law	law	NOUN
cblr-7157	26	44	.......................................................	.......................................................	PUNCT
cblr-7157	27	1	54	54	NUM
cblr-7157	27	2	1	1	NUM
cblr-7157	27	3	.	.	PUNCT
cblr-7157	28	1	the	the	DET
cblr-7157	28	2	breadth	breadth	NOUN
cblr-7157	28	3	of	of	ADP
cblr-7157	28	4	property	property	NOUN
cblr-7157	28	5	rights	right	NOUN
cblr-7157	28	6	........................	........................	PUNCT
cblr-7157	29	1	54	54	NUM
cblr-7157	29	2	2	2	NUM
cblr-7157	29	3	.	.	PUNCT
cblr-7157	30	1	the	the	DET
cblr-7157	30	2	depth	depth	NOUN
cblr-7157	30	3	of	of	ADP
cblr-7157	30	4	property	property	NOUN
cblr-7157	30	5	rights	right	NOUN
cblr-7157	30	6	...........................	...........................	PUNCT
cblr-7157	31	1	62	62	NUM
cblr-7157	31	2	3	3	NUM
cblr-7157	31	3	.	.	PUNCT
cblr-7157	32	1	the	the	DET
cblr-7157	32	2	boundary	boundary	ADJ
cblr-7157	32	3	question	question	NOUN
cblr-7157	32	4	in	in	ADP
cblr-7157	32	5	corporate	corporate	ADJ
cblr-7157	32	6	law	law	NOUN
cblr-7157	32	7	.......	.......	PUNCT
cblr-7157	32	8	64	64	NUM
cblr-7157	32	9	4	4	NUM
cblr-7157	32	10	.	.	PUNCT
cblr-7157	33	1	the	the	DET
cblr-7157	33	2	new	new	ADJ
cblr-7157	33	3	literature	literature	NOUN
cblr-7157	33	4	on	on	ADP
cblr-7157	33	5	property	property	NOUN
cblr-7157	33	6	in	in	ADP
cblr-7157	33	7	the	the	DET
cblr-7157	33	8	corporation	corporation	NOUN
cblr-7157	33	9	.......................................................	.......................................................	PUNCT
cblr-7157	33	10	64	64	NUM
cblr-7157	33	11	d.	d.	NOUN
cblr-7157	33	12	the	the	DET
cblr-7157	33	13	property	property	NOUN
cblr-7157	33	14	-	-	PUNCT
cblr-7157	33	15	fiduciary	fiduciary	ADJ
cblr-7157	33	16	connection	connection	NOUN
cblr-7157	33	17	.......................	.......................	PUNCT
cblr-7157	33	18	66	66	NUM
cblr-7157	33	19	iv	iv	NOUN
cblr-7157	33	20	.	.	PUNCT
cblr-7157	34	1	property	property	NOUN
cblr-7157	34	2	versus	versus	ADP
cblr-7157	34	3	contract	contract	NOUN
cblr-7157	34	4	residual	residual	ADJ
cblr-7157	34	5	claims	claim	NOUN
cblr-7157	34	6	as	as	ADP
cblr-7157	34	7	explanations	explanation	NOUN
cblr-7157	34	8	of	of	ADP
cblr-7157	34	9	fiduciary	fiduciary	ADJ
cblr-7157	34	10	duties	duty	NOUN
cblr-7157	34	11	................................	................................	PUNCT
cblr-7157	34	12	70	70	NUM
cblr-7157	34	13	a.	a.	NOUN
cblr-7157	34	14	revising	revise	VERB
cblr-7157	34	15	residual	residual	ADJ
cblr-7157	34	16	claimant	claimant	NOUN
cblr-7157	34	17	analysis	analysis	NOUN
cblr-7157	34	18	.....................	.....................	PUNCT
cblr-7157	34	19	71	71	NUM
cblr-7157	34	20	b.	b.	NOUN
cblr-7157	35	1	how	how	SCONJ
cblr-7157	35	2	the	the	DET
cblr-7157	35	3	theory	theory	NOUN
cblr-7157	35	4	of	of	ADP
cblr-7157	35	5	the	the	DET
cblr-7157	35	6	firm	firm	NOUN
cblr-7157	35	7	became	become	VERB
cblr-7157	35	8	a	a	DET
cblr-7157	35	9	theory	theory	NOUN
cblr-7157	35	10	of	of	ADP
cblr-7157	35	11	corporate	corporate	ADJ
cblr-7157	35	12	law	law	NOUN
cblr-7157	35	13	.......................................................	.......................................................	PUNCT
cblr-7157	36	1	76	76	NUM
cblr-7157	36	2	c.	c.	NOUN
cblr-7157	36	3	implications	implication	NOUN
cblr-7157	36	4	for	for	ADP
cblr-7157	36	5	theory	theory	NOUN
cblr-7157	36	6	of	of	ADP
cblr-7157	36	7	the	the	DET
cblr-7157	36	8	firm	firm	NOUN
cblr-7157	36	9	........................	........................	PUNCT
cblr-7157	37	1	78	78	NUM
cblr-7157	37	2	v.	v.	ADP
cblr-7157	37	3	the	the	DET
cblr-7157	37	4	implications	implication	NOUN
cblr-7157	37	5	for	for	ADP
cblr-7157	37	6	corporate	corporate	ADJ
cblr-7157	37	7	law	law	NOUN
cblr-7157	37	8	.................................	.................................	PUNCT
cblr-7157	37	9	82	82	NUM
cblr-7157	37	10	a.	a.	NOUN
cblr-7157	37	11	contractual	contractual	ADJ
cblr-7157	37	12	rights	right	NOUN
cblr-7157	37	13	in	in	ADP
cblr-7157	37	14	the	the	DET
cblr-7157	37	15	charter	charter	NOUN
cblr-7157	37	16	..........................	..........................	PUNCT
cblr-7157	38	1	83	83	NUM
cblr-7157	38	2	b.	b.	PROPN
cblr-7157	38	3	fiduciary	fiduciary	ADJ
cblr-7157	38	4	duties	duty	NOUN
cblr-7157	38	5	to	to	ADP
cblr-7157	38	6	holders	holder	NOUN
cblr-7157	38	7	of	of	ADP
cblr-7157	38	8	preferred	preferred	ADJ
cblr-7157	38	9	stock	stock	NOUN
cblr-7157	38	10	,	,	PUNCT
cblr-7157	38	11	warrants	warrant	NOUN
cblr-7157	38	12	,	,	PUNCT
cblr-7157	38	13	and	and	CCONJ
cblr-7157	38	14	convertible	convertible	ADJ
cblr-7157	38	15	securities	security	NOUN
cblr-7157	38	16	..................	..................	PUNCT
cblr-7157	38	17	86	86	NUM
cblr-7157	38	18	c.	c.	PROPN
cblr-7157	38	19	dual	dual	ADJ
cblr-7157	38	20	-	-	PUNCT
cblr-7157	38	21	class	class	NOUN
cblr-7157	38	22	stock	stock	NOUN
cblr-7157	38	23	and	and	CCONJ
cblr-7157	38	24	other	other	ADJ
cblr-7157	38	25	non	non	ADJ
cblr-7157	38	26	-	-	ADJ
cblr-7157	38	27	standard	standard	ADJ
cblr-7157	38	28	capital	capital	NOUN
cblr-7157	38	29	structures	structure	NOUN
cblr-7157	38	30	..............................................................	..............................................................	PUNCT
cblr-7157	38	31	90	90	NUM
cblr-7157	38	32	d.	d.	PROPN
cblr-7157	38	33	fiduciary	fiduciary	ADJ
cblr-7157	38	34	duties	duty	NOUN
cblr-7157	38	35	in	in	ADP
cblr-7157	38	36	the	the	DET
cblr-7157	38	37	zone	zone	NOUN
cblr-7157	38	38	of	of	ADP
cblr-7157	38	39	insolvency	insolvency	NOUN
cblr-7157	38	40	............	............	PUNCT
cblr-7157	38	41	94	94	NUM
cblr-7157	38	42	e.	e.	PROPN
cblr-7157	38	43	social	social	PROPN
cblr-7157	38	44	purposes	purpose	NOUN
cblr-7157	38	45	of	of	ADP
cblr-7157	38	46	the	the	DET
cblr-7157	38	47	corporation	corporation	NOUN
cblr-7157	38	48	.........................	.........................	PUNCT
cblr-7157	38	49	98	98	NUM
cblr-7157	38	50	vi	vi	NOUN
cblr-7157	38	51	.	.	PUNCT
cblr-7157	38	52	conclusion	conclusion	NOUN
cblr-7157	38	53	......................................................................	......................................................................	PUNCT
cblr-7157	38	54	102	102	NUM
cblr-7157	38	55	i.	i.	NOUN
cblr-7157	38	56	introduction	introduction	NOUN
cblr-7157	38	57	the	the	DET
cblr-7157	38	58	dominant	dominant	ADJ
cblr-7157	38	59	view	view	NOUN
cblr-7157	38	60	of	of	ADP
cblr-7157	38	61	the	the	DET
cblr-7157	38	62	corporation	corporation	NOUN
cblr-7157	38	63	in	in	ADP
cblr-7157	38	64	legal	legal	ADJ
cblr-7157	38	65	scholarship	scholarship	NOUN
cblr-7157	38	66	is	be	AUX
cblr-7157	38	67	contractarian	contractarian	ADJ
cblr-7157	38	68	,	,	PUNCT
cblr-7157	38	69	one	one	NOUN
cblr-7157	38	70	that	that	PRON
cblr-7157	38	71	sees	see	VERB
cblr-7157	38	72	the	the	DET
cblr-7157	38	73	corporation	corporation	NOUN
cblr-7157	38	74	as	as	ADP
cblr-7157	38	75	a	a	DET
cblr-7157	38	76	“	"	PUNCT
cblr-7157	38	77	nexus	nexus	NOUN
cblr-7157	38	78	of	of	ADP
cblr-7157	38	79	contracts	contract	NOUN
cblr-7157	38	80	”	"	PUNCT
cblr-7157	38	81	among	among	ADP
cblr-7157	38	82	factors	factor	NOUN
cblr-7157	38	83	of	of	ADP
cblr-7157	38	84	production.1	production.1	NOUN
cblr-7157	38	85	arising	arise	VERB
cblr-7157	38	86	from	from	ADP
cblr-7157	38	87	the	the	DET
cblr-7157	38	88	law	law	NOUN
cblr-7157	38	89	1	1	NUM
cblr-7157	38	90	see	see	VERB
cblr-7157	38	91	,	,	PUNCT
cblr-7157	38	92	e.g.	e.g.	ADV
cblr-7157	38	93	,	,	PUNCT
cblr-7157	38	94	stephen	stephen	PROPN
cblr-7157	38	95	m.	m.	PROPN
cblr-7157	38	96	bainbridge	bainbridge	PROPN
cblr-7157	38	97	,	,	PUNCT
cblr-7157	38	98	the	the	DET
cblr-7157	38	99	board	board	NOUN
cblr-7157	38	100	of	of	ADP
cblr-7157	38	101	directors	director	NOUN
cblr-7157	38	102	as	as	ADP
cblr-7157	38	103	nexus	nexus	NOUN
cblr-7157	38	104	of	of	ADP
cblr-7157	38	105	contracts	contract	NOUN
cblr-7157	38	106	,	,	PUNCT
cblr-7157	38	107	88	88	NUM
cblr-7157	38	108	iowa	iowa	PROPN
cblr-7157	38	109	l.	l.	PROPN
cblr-7157	38	110	rev	rev	PROPN
cblr-7157	38	111	.	.	PROPN
cblr-7157	38	112	1	1	NUM
cblr-7157	38	113	,	,	PUNCT
cblr-7157	38	114	9	9	NUM
cblr-7157	38	115	(	(	PUNCT
cblr-7157	38	116	2002	2002	NUM
cblr-7157	38	117	)	)	PUNCT
cblr-7157	38	118	(	(	PUNCT
cblr-7157	38	119	“	"	PUNCT
cblr-7157	38	120	the	the	DET
cblr-7157	38	121	dominant	dominant	ADJ
cblr-7157	38	122	model	model	NOUN
cblr-7157	38	123	of	of	ADP
cblr-7157	38	124	the	the	DET
cblr-7157	38	125	corporation	corporation	NOUN
cblr-7157	38	126	in	in	ADP
cblr-7157	38	127	legal	legal	ADJ
cblr-7157	38	128	scholarship	scholarship	NOUN
cblr-7157	38	129	is	be	AUX
cblr-7157	38	130	the	the	DET
cblr-7157	38	131	so	so	ADV
cblr-7157	38	132	-	-	PUNCT
cblr-7157	38	133	called	call	VERB
cblr-7157	38	134	nexus	nexus	NOUN
cblr-7157	38	135	of	of	ADP
cblr-7157	38	136	contracts	contract	NOUN
cblr-7157	38	137	theory	theory	NOUN
cblr-7157	38	138	.	.	PUNCT
cblr-7157	38	139	”	"	PUNCT
cblr-7157	38	140	)	)	PUNCT
cblr-7157	38	141	;	;	PUNCT
cblr-7157	38	142	stephen	stephen	PROPN
cblr-7157	38	143	m.	m.	PROPN
cblr-7157	38	144	bainbridge	bainbridge	PROPN
cblr-7157	38	145	,	,	PUNCT
cblr-7157	38	146	director	director	NOUN
cblr-7157	38	147	primacy	primacy	NOUN
cblr-7157	38	148	:	:	PUNCT
cblr-7157	38	149	the	the	DET
cblr-7157	38	150	means	mean	NOUN
cblr-7157	38	151	and	and	CCONJ
cblr-7157	38	152	ends	end	NOUN
cblr-7157	38	153	of	of	ADP
cblr-7157	38	154	corporate	corporate	ADJ
cblr-7157	38	155	governance	governance	NOUN
cblr-7157	38	156	,	,	PUNCT
cblr-7157	38	157	97	97	NUM
cblr-7157	38	158	nw	nw	NOUN
cblr-7157	38	159	.	.	PUNCT
cblr-7157	38	160	u.	u.	PROPN
cblr-7157	38	161	l.	l.	PROPN
cblr-7157	38	162	rev	rev	PROPN
cblr-7157	38	163	.	.	PROPN
cblr-7157	38	164	547	547	NUM
cblr-7157	38	165	,	,	PUNCT
cblr-7157	38	166	550	550	NUM
cblr-7157	38	167	(	(	PUNCT
cblr-7157	38	168	2003	2003	NUM
cblr-7157	38	169	)	)	PUNCT
cblr-7157	38	170	(	(	PUNCT
cblr-7157	38	171	describing	describe	VERB
cblr-7157	38	172	the	the	DET
cblr-7157	38	173	contractarian	contractarian	ADJ
cblr-7157	38	174	theory	theory	NOUN
cblr-7157	38	175	as	as	ADP
cblr-7157	38	176	the	the	DET
cblr-7157	38	177	“	"	PUNCT
cblr-7157	38	178	prevailing	prevail	VERB
cblr-7157	38	179	”	"	PUNCT
cblr-7157	38	180	theory	theory	NOUN
cblr-7157	38	181	of	of	ADP
cblr-7157	38	182	the	the	DET
cblr-7157	38	183	firm	firm	NOUN
cblr-7157	38	184	and	and	CCONJ
cblr-7157	38	185	stating	state	VERB
cblr-7157	38	186	that	that	SCONJ
cblr-7157	38	187	the	the	DET
cblr-7157	38	188	“	"	PUNCT
cblr-7157	38	189	standard	standard	ADJ
cblr-7157	38	190	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	38	191	(	(	PUNCT
cblr-7157	38	192	do	do	AUX
cblr-7157	38	193	not	not	PART
cblr-7157	38	194	delte	delte	VERB
cblr-7157	38	195	)	)	PUNCT
cblr-7157	38	196	10/2/2020	10/2/2020	NUM
cblr-7157	38	197	11:44	11:44	NUM
cblr-7157	38	198	am	am	NOUN
cblr-7157	38	199	4	4	NUM
cblr-7157	38	200	columbia	columbia	PROPN
cblr-7157	38	201	business	business	NOUN
cblr-7157	38	202	law	law	PROPN
cblr-7157	38	203	review	review	NOUN
cblr-7157	38	204	[	[	X
cblr-7157	38	205	vol	vol	NOUN
cblr-7157	38	206	.	.	PUNCT
cblr-7157	38	207	2020	2020	NUM
cblr-7157	38	208	and	and	CCONJ
cblr-7157	38	209	economics	economic	NOUN
cblr-7157	38	210	literature	literature	NOUN
cblr-7157	38	211	,	,	PUNCT
cblr-7157	38	212	this	this	DET
cblr-7157	38	213	perspective	perspective	NOUN
cblr-7157	38	214	views	view	VERB
cblr-7157	38	215	employees	employee	NOUN
cblr-7157	38	216	,	,	PUNCT
cblr-7157	38	217	creditors	creditor	NOUN
cblr-7157	38	218	,	,	PUNCT
cblr-7157	38	219	equity	equity	NOUN
cblr-7157	38	220	investors	investor	NOUN
cblr-7157	38	221	,	,	PUNCT
cblr-7157	38	222	and	and	CCONJ
cblr-7157	38	223	even	even	ADV
cblr-7157	38	224	customers	customer	NOUN
cblr-7157	38	225	as	as	ADP
cblr-7157	38	226	the	the	DET
cblr-7157	38	227	various	various	ADJ
cblr-7157	38	228	“	"	PUNCT
cblr-7157	38	229	actors	actor	NOUN
cblr-7157	38	230	”	"	PUNCT
cblr-7157	38	231	who	who	PRON
cblr-7157	38	232	form	form	VERB
cblr-7157	38	233	a	a	DET
cblr-7157	38	234	“	"	PUNCT
cblr-7157	38	235	set	set	NOUN
cblr-7157	38	236	of	of	ADP
cblr-7157	38	237	implicit	implicit	ADJ
cblr-7157	38	238	and	and	CCONJ
cblr-7157	38	239	explicit	explicit	ADJ
cblr-7157	38	240	contracts	contract	NOUN
cblr-7157	38	241	”	"	PUNCT
cblr-7157	38	242	that	that	PRON
cblr-7157	38	243	collectively	collectively	ADV
cblr-7157	38	244	make	make	VERB
cblr-7157	38	245	up	up	ADP
cblr-7157	38	246	the	the	DET
cblr-7157	38	247	corporation.2	corporation.2	PROPN
cblr-7157	38	248	this	this	DET
cblr-7157	38	249	perspective	perspective	NOUN
cblr-7157	38	250	emphasizes	emphasize	VERB
cblr-7157	38	251	that	that	SCONJ
cblr-7157	38	252	the	the	DET
cblr-7157	38	253	firm	firm	NOUN
cblr-7157	38	254	is	be	AUX
cblr-7157	38	255	largely	largely	ADV
cblr-7157	38	256	a	a	DET
cblr-7157	38	257	collection	collection	NOUN
cblr-7157	38	258	of	of	ADP
cblr-7157	38	259	voluntary	voluntary	ADJ
cblr-7157	38	260	arrangements	arrangement	NOUN
cblr-7157	38	261	against	against	ADP
cblr-7157	38	262	the	the	DET
cblr-7157	38	263	backdrop	backdrop	NOUN
cblr-7157	38	264	of	of	ADP
cblr-7157	38	265	default	default	NOUN
cblr-7157	38	266	rules	rule	NOUN
cblr-7157	38	267	—	—	PUNCT
cblr-7157	38	268	in	in	ADP
cblr-7157	38	269	other	other	ADJ
cblr-7157	38	270	words	word	NOUN
cblr-7157	38	271	,	,	PUNCT
cblr-7157	38	272	contracts	contract	NOUN
cblr-7157	38	273	—	—	PUNCT
cblr-7157	38	274	rather	rather	ADV
cblr-7157	38	275	than	than	ADP
cblr-7157	38	276	a	a	DET
cblr-7157	38	277	governmental	governmental	ADJ
cblr-7157	38	278	concession	concession	NOUN
cblr-7157	38	279	with	with	ADP
cblr-7157	38	280	mandatory	mandatory	ADJ
cblr-7157	38	281	rules.3	rules.3	NOUN
cblr-7157	38	282	because	because	SCONJ
cblr-7157	38	283	the	the	DET
cblr-7157	38	284	corporation	corporation	NOUN
cblr-7157	38	285	itself	itself	PRON
cblr-7157	38	286	is	be	AUX
cblr-7157	38	287	a	a	DET
cblr-7157	38	288	set	set	NOUN
cblr-7157	38	289	of	of	ADP
cblr-7157	38	290	contracts	contract	NOUN
cblr-7157	38	291	,	,	PUNCT
cblr-7157	38	292	the	the	DET
cblr-7157	38	293	law	law	NOUN
cblr-7157	38	294	governing	govern	VERB
cblr-7157	38	295	the	the	DET
cblr-7157	38	296	internal	internal	ADJ
cblr-7157	38	297	affairs	affair	NOUN
cblr-7157	38	298	of	of	ADP
cblr-7157	38	299	corporations	corporation	NOUN
cblr-7157	38	300	—	—	PUNCT
cblr-7157	38	301	corporate	corporate	ADJ
cblr-7157	38	302	law	law	NOUN
cblr-7157	38	303	—	—	PUNCT
cblr-7157	38	304	is	be	AUX
cblr-7157	38	305	itself	itself	PRON
cblr-7157	38	306	merely	merely	ADV
cblr-7157	38	307	a	a	DET
cblr-7157	38	308	specialized	specialized	ADJ
cblr-7157	38	309	branch	branch	NOUN
cblr-7157	38	310	of	of	ADP
cblr-7157	38	311	contract	contract	NOUN
cblr-7157	38	312	law	law	NOUN
cblr-7157	38	313	.	.	PUNCT
cblr-7157	39	1	in	in	ADP
cblr-7157	39	2	other	other	ADJ
cblr-7157	39	3	words	word	NOUN
cblr-7157	39	4	,	,	PUNCT
cblr-7157	39	5	the	the	DET
cblr-7157	39	6	corporation	corporation	NOUN
cblr-7157	39	7	is	be	AUX
cblr-7157	39	8	“	"	PUNCT
cblr-7157	39	9	just	just	ADV
cblr-7157	39	10	contracts	contract	NOUN
cblr-7157	39	11	.	.	PUNCT
cblr-7157	39	12	”	"	PUNCT
cblr-7157	40	1	although	although	SCONJ
cblr-7157	40	2	the	the	DET
cblr-7157	40	3	contractarian	contractarian	ADJ
cblr-7157	40	4	perspective	perspective	NOUN
cblr-7157	40	5	originated	originate	VERB
cblr-7157	40	6	as	as	ADP
cblr-7157	40	7	a	a	DET
cblr-7157	40	8	gloss	gloss	NOUN
cblr-7157	40	9	on	on	ADP
cblr-7157	40	10	the	the	DET
cblr-7157	40	11	theory	theory	NOUN
cblr-7157	40	12	of	of	ADP
cblr-7157	40	13	the	the	DET
cblr-7157	40	14	firm	firm	NOUN
cblr-7157	40	15	as	as	ADP
cblr-7157	40	16	an	an	DET
cblr-7157	40	17	economic	economic	ADJ
cblr-7157	40	18	entity,4	entity,4	NOUN
cblr-7157	40	19	it	it	PRON
cblr-7157	40	20	has	have	AUX
cblr-7157	40	21	profoundly	profoundly	ADV
cblr-7157	40	22	influenced	influence	VERB
cblr-7157	40	23	scholarly	scholarly	ADJ
cblr-7157	40	24	and	and	CCONJ
cblr-7157	40	25	judicial	judicial	ADJ
cblr-7157	40	26	thinking	thinking	NOUN
cblr-7157	40	27	on	on	ADP
cblr-7157	40	28	the	the	DET
cblr-7157	40	29	corporation	corporation	NOUN
cblr-7157	40	30	as	as	ADP
cblr-7157	40	31	a	a	DET
cblr-7157	40	32	legal	legal	ADJ
cblr-7157	40	33	entity	entity	NOUN
cblr-7157	40	34	.	.	PUNCT
cblr-7157	41	1	whereas	whereas	SCONJ
cblr-7157	41	2	corporate	corporate	ADJ
cblr-7157	41	3	lawyers	lawyer	NOUN
cblr-7157	41	4	traditionally	traditionally	ADV
cblr-7157	41	5	view	view	VERB
cblr-7157	41	6	corporate	corporate	ADJ
cblr-7157	41	7	law	law	NOUN
cblr-7157	41	8	as	as	ADP
cblr-7157	41	9	governing	govern	VERB
cblr-7157	41	10	the	the	DET
cblr-7157	41	11	“	"	PUNCT
cblr-7157	41	12	internal	internal	ADJ
cblr-7157	41	13	contractarian	contractarian	ADJ
cblr-7157	41	14	account	account	NOUN
cblr-7157	41	15	treats	treat	VERB
cblr-7157	41	16	the	the	DET
cblr-7157	41	17	firm	firm	NOUN
cblr-7157	41	18	as	as	ADP
cblr-7157	41	19	a	a	DET
cblr-7157	41	20	nexus	nexus	NOUN
cblr-7157	41	21	of	of	ADP
cblr-7157	41	22	contracts	contract	NOUN
cblr-7157	41	23	”	"	PUNCT
cblr-7157	41	24	)	)	PUNCT
cblr-7157	41	25	;	;	PUNCT
cblr-7157	41	26	margaret	margaret	PROPN
cblr-7157	41	27	m.	m.	PROPN
cblr-7157	41	28	blair	blair	PROPN
cblr-7157	41	29	&	&	CCONJ
cblr-7157	41	30	lynn	lynn	PROPN
cblr-7157	41	31	a.	a.	PROPN
cblr-7157	41	32	stout	stout	PROPN
cblr-7157	41	33	,	,	PUNCT
cblr-7157	41	34	a	a	DET
cblr-7157	41	35	team	team	NOUN
cblr-7157	41	36	production	production	NOUN
cblr-7157	41	37	theory	theory	NOUN
cblr-7157	41	38	of	of	ADP
cblr-7157	41	39	corporate	corporate	ADJ
cblr-7157	41	40	law	law	NOUN
cblr-7157	41	41	,	,	PUNCT
cblr-7157	41	42	85	85	NUM
cblr-7157	41	43	va	va	NOUN
cblr-7157	41	44	.	.	PUNCT
cblr-7157	42	1	l.	l.	PROPN
cblr-7157	42	2	rev	rev	PROPN
cblr-7157	42	3	.	.	PROPN
cblr-7157	42	4	247	247	NUM
cblr-7157	42	5	,	,	PUNCT
cblr-7157	42	6	287	287	NUM
cblr-7157	42	7	(	(	PUNCT
cblr-7157	42	8	1999	1999	NUM
cblr-7157	42	9	)	)	PUNCT
cblr-7157	42	10	(	(	PUNCT
cblr-7157	42	11	“	"	PUNCT
cblr-7157	42	12	during	during	ADP
cblr-7157	42	13	the	the	DET
cblr-7157	42	14	past	past	ADJ
cblr-7157	42	15	two	two	NUM
cblr-7157	42	16	decades	decade	NOUN
cblr-7157	42	17	,	,	PUNCT
cblr-7157	42	18	corporate	corporate	ADJ
cblr-7157	42	19	scholarship	scholarship	NOUN
cblr-7157	42	20	has	have	AUX
cblr-7157	42	21	been	be	AUX
cblr-7157	42	22	dominated	dominate	VERB
cblr-7157	42	23	by	by	ADP
cblr-7157	42	24	a	a	DET
cblr-7157	42	25	‘	'	PUNCT
cblr-7157	42	26	contractarian	contractarian	ADJ
cblr-7157	42	27	’	'	PUNCT
cblr-7157	42	28	or	or	CCONJ
cblr-7157	42	29	‘	'	PUNCT
cblr-7157	42	30	law	law	NOUN
cblr-7157	42	31	and	and	CCONJ
cblr-7157	42	32	economics	economic	NOUN
cblr-7157	42	33	’	'	PUNCT
cblr-7157	42	34	approach	approach	NOUN
cblr-7157	42	35	.	.	PUNCT
cblr-7157	42	36	”	"	PUNCT
cblr-7157	42	37	)	)	PUNCT
cblr-7157	42	38	;	;	PUNCT
cblr-7157	43	1	melvin	melvin	PROPN
cblr-7157	43	2	a.	a.	PROPN
cblr-7157	43	3	eisenberg	eisenberg	PROPN
cblr-7157	43	4	,	,	PUNCT
cblr-7157	43	5	the	the	DET
cblr-7157	43	6	conception	conception	NOUN
cblr-7157	43	7	that	that	SCONJ
cblr-7157	43	8	the	the	DET
cblr-7157	43	9	corporation	corporation	NOUN
cblr-7157	43	10	is	be	AUX
cblr-7157	43	11	a	a	DET
cblr-7157	43	12	nexus	nexus	NOUN
cblr-7157	43	13	of	of	ADP
cblr-7157	43	14	contracts	contract	NOUN
cblr-7157	43	15	and	and	CCONJ
cblr-7157	43	16	the	the	DET
cblr-7157	43	17	dual	dual	ADJ
cblr-7157	43	18	nature	nature	NOUN
cblr-7157	43	19	of	of	ADP
cblr-7157	43	20	the	the	DET
cblr-7157	43	21	firm	firm	NOUN
cblr-7157	43	22	,	,	PUNCT
cblr-7157	43	23	24	24	NUM
cblr-7157	43	24	j.	j.	PROPN
cblr-7157	43	25	corp	corp	PROPN
cblr-7157	43	26	.	.	PROPN
cblr-7157	43	27	l.	l.	PROPN
cblr-7157	43	28	819	819	NUM
cblr-7157	43	29	,	,	PUNCT
cblr-7157	43	30	819	819	NUM
cblr-7157	43	31	(	(	PUNCT
cblr-7157	43	32	1999	1999	NUM
cblr-7157	43	33	)	)	PUNCT
cblr-7157	43	34	(	(	PUNCT
cblr-7157	43	35	noting	note	VERB
cblr-7157	43	36	that	that	SCONJ
cblr-7157	43	37	since	since	SCONJ
cblr-7157	43	38	jensen	jensen	PROPN
cblr-7157	43	39	and	and	CCONJ
cblr-7157	43	40	meckling	meckle	VERB
cblr-7157	43	41	first	first	ADV
cblr-7157	43	42	formulated	formulate	VERB
cblr-7157	43	43	the	the	DET
cblr-7157	43	44	nexus	nexus	NOUN
cblr-7157	43	45	of	of	ADP
cblr-7157	43	46	contracts	contract	NOUN
cblr-7157	43	47	theory	theory	NOUN
cblr-7157	43	48	of	of	ADP
cblr-7157	43	49	the	the	DET
cblr-7157	43	50	corporation	corporation	NOUN
cblr-7157	43	51	,	,	PUNCT
cblr-7157	43	52	the	the	DET
cblr-7157	43	53	approach	approach	NOUN
cblr-7157	43	54	“	"	PUNCT
cblr-7157	43	55	has	have	AUX
cblr-7157	43	56	dominated	dominate	VERB
cblr-7157	43	57	the	the	DET
cblr-7157	43	58	law	law	NOUN
cblr-7157	43	59	-	-	PUNCT
cblr-7157	43	60	andeconomics	andeconomic	NOUN
cblr-7157	43	61	literature	literature	NOUN
cblr-7157	43	62	in	in	ADP
cblr-7157	43	63	corporate	corporate	ADJ
cblr-7157	43	64	law	law	NOUN
cblr-7157	43	65	”	"	PUNCT
cblr-7157	43	66	)	)	PUNCT
cblr-7157	43	67	;	;	PUNCT
cblr-7157	43	68	thomas	thomas	PROPN
cblr-7157	43	69	w.	w.	PROPN
cblr-7157	43	70	joo	joo	PROPN
cblr-7157	43	71	,	,	PUNCT
cblr-7157	43	72	contract	contract	NOUN
cblr-7157	43	73	,	,	PUNCT
cblr-7157	43	74	property	property	NOUN
cblr-7157	43	75	,	,	PUNCT
cblr-7157	43	76	and	and	CCONJ
cblr-7157	43	77	the	the	DET
cblr-7157	43	78	role	role	NOUN
cblr-7157	43	79	of	of	ADP
cblr-7157	43	80	metaphor	metaphor	NOUN
cblr-7157	43	81	in	in	ADP
cblr-7157	43	82	corporations	corporation	NOUN
cblr-7157	43	83	law	law	NOUN
cblr-7157	43	84	,	,	PUNCT
cblr-7157	43	85	35	35	NUM
cblr-7157	43	86	u.c	u.c	PROPN
cblr-7157	43	87	.	.	PUNCT
cblr-7157	43	88	davis	davis	PROPN
cblr-7157	43	89	l.	l.	PROPN
cblr-7157	43	90	rev	rev	PROPN
cblr-7157	43	91	.	.	PROPN
cblr-7157	43	92	779	779	NUM
cblr-7157	43	93	,	,	PUNCT
cblr-7157	43	94	780	780	NUM
cblr-7157	43	95	(	(	PUNCT
cblr-7157	43	96	2002	2002	NUM
cblr-7157	43	97	)	)	PUNCT
cblr-7157	43	98	(	(	PUNCT
cblr-7157	43	99	stating	state	VERB
cblr-7157	43	100	that	that	SCONJ
cblr-7157	43	101	the	the	DET
cblr-7157	43	102	nexus	nexus	NOUN
cblr-7157	43	103	of	of	ADP
cblr-7157	43	104	contracts	contract	NOUN
cblr-7157	43	105	model	model	NOUN
cblr-7157	43	106	“	"	PUNCT
cblr-7157	43	107	dominates	dominate	VERB
cblr-7157	43	108	corporations	corporation	NOUN
cblr-7157	43	109	law	law	NOUN
cblr-7157	43	110	scholarship	scholarship	NOUN
cblr-7157	43	111	”	"	PUNCT
cblr-7157	43	112	and	and	CCONJ
cblr-7157	43	113	has	have	AUX
cblr-7157	43	114	become	become	VERB
cblr-7157	43	115	a	a	DET
cblr-7157	43	116	“	"	PUNCT
cblr-7157	43	117	near	near	ADJ
cblr-7157	43	118	-	-	PUNCT
cblr-7157	43	119	orthodoxy	orthodoxy	NOUN
cblr-7157	43	120	”	"	PUNCT
cblr-7157	43	121	)	)	PUNCT
cblr-7157	43	122	.	.	PUNCT
cblr-7157	44	1	2	2	NUM
cblr-7157	44	2	frank	frank	PROPN
cblr-7157	44	3	h.	h.	PROPN
cblr-7157	44	4	easterbrook	easterbrook	PROPN
cblr-7157	44	5	&	&	CCONJ
cblr-7157	44	6	daniel	daniel	PROPN
cblr-7157	44	7	r.	r.	PROPN
cblr-7157	44	8	fischel	fischel	PROPN
cblr-7157	44	9	,	,	PUNCT
cblr-7157	44	10	the	the	DET
cblr-7157	44	11	economic	economic	ADJ
cblr-7157	44	12	structure	structure	NOUN
cblr-7157	44	13	of	of	ADP
cblr-7157	44	14	corporate	corporate	ADJ
cblr-7157	44	15	law	law	NOUN
cblr-7157	44	16	12	12	NUM
cblr-7157	44	17	(	(	PUNCT
cblr-7157	44	18	1991	1991	NUM
cblr-7157	44	19	)	)	PUNCT
cblr-7157	44	20	.	.	PUNCT
cblr-7157	45	1	easterbrook	easterbrook	PROPN
cblr-7157	45	2	and	and	CCONJ
cblr-7157	45	3	fischel	fischel	PROPN
cblr-7157	45	4	even	even	ADV
cblr-7157	45	5	put	put	VERB
cblr-7157	45	6	tort	tort	NOUN
cblr-7157	45	7	claimants	claimant	NOUN
cblr-7157	45	8	into	into	ADP
cblr-7157	45	9	this	this	DET
cblr-7157	45	10	category	category	NOUN
cblr-7157	45	11	.	.	PUNCT
cblr-7157	46	1	see	see	VERB
cblr-7157	46	2	i	i	PRON
cblr-7157	46	3	d.	d.	PROPN
cblr-7157	46	4	3	3	NUM
cblr-7157	46	5	this	this	DET
cblr-7157	46	6	assertion	assertion	NOUN
cblr-7157	46	7	,	,	PUNCT
cblr-7157	46	8	too	too	ADV
cblr-7157	46	9	,	,	PUNCT
cblr-7157	46	10	is	be	AUX
cblr-7157	46	11	controversial	controversial	ADJ
cblr-7157	46	12	.	.	PUNCT
cblr-7157	47	1	see	see	VERB
cblr-7157	47	2	,	,	PUNCT
cblr-7157	47	3	e.g.	e.g.	ADV
cblr-7157	47	4	,	,	PUNCT
cblr-7157	47	5	william	william	PROPN
cblr-7157	47	6	w.	w.	PROPN
cblr-7157	47	7	bratton	bratton	PROPN
cblr-7157	47	8	,	,	PUNCT
cblr-7157	47	9	jr	jr	PROPN
cblr-7157	47	10	.	.	PROPN
cblr-7157	47	11	,	,	PUNCT
cblr-7157	47	12	the	the	DET
cblr-7157	47	13	“	"	PUNCT
cblr-7157	47	14	nexus	nexus	NOUN
cblr-7157	47	15	of	of	ADP
cblr-7157	47	16	contracts	contract	NOUN
cblr-7157	47	17	”	"	PUNCT
cblr-7157	47	18	corporation	corporation	NOUN
cblr-7157	47	19	:	:	PUNCT
cblr-7157	47	20	a	a	DET
cblr-7157	47	21	critical	critical	ADJ
cblr-7157	47	22	appraisal	appraisal	NOUN
cblr-7157	47	23	,	,	PUNCT
cblr-7157	47	24	74	74	NUM
cblr-7157	47	25	cornell	cornell	PROPN
cblr-7157	47	26	l.	l.	PROPN
cblr-7157	47	27	rev	rev	PROPN
cblr-7157	47	28	.	.	PROPN
cblr-7157	47	29	407	407	NUM
cblr-7157	47	30	,	,	PUNCT
cblr-7157	47	31	438–46	438–46	NUM
cblr-7157	47	32	(	(	PUNCT
cblr-7157	47	33	1989	1989	NUM
cblr-7157	47	34	)	)	PUNCT
cblr-7157	47	35	(	(	PUNCT
cblr-7157	47	36	arguing	argue	VERB
cblr-7157	47	37	that	that	SCONJ
cblr-7157	47	38	the	the	DET
cblr-7157	47	39	nexus	nexus	NOUN
cblr-7157	47	40	of	of	ADP
cblr-7157	47	41	contracts	contract	NOUN
cblr-7157	47	42	approach	approach	NOUN
cblr-7157	47	43	fails	fail	VERB
cblr-7157	47	44	to	to	PART
cblr-7157	47	45	appreciate	appreciate	VERB
cblr-7157	47	46	the	the	DET
cblr-7157	47	47	“	"	PUNCT
cblr-7157	47	48	sovereign	sovereign	ADJ
cblr-7157	47	49	presence	presence	NOUN
cblr-7157	47	50	”	"	PUNCT
cblr-7157	47	51	of	of	ADP
cblr-7157	47	52	the	the	DET
cblr-7157	47	53	state	state	NOUN
cblr-7157	47	54	,	,	PUNCT
cblr-7157	47	55	including	include	VERB
cblr-7157	47	56	its	its	PRON
cblr-7157	47	57	mandatory	mandatory	ADJ
cblr-7157	47	58	rules	rule	NOUN
cblr-7157	47	59	,	,	PUNCT
cblr-7157	47	60	in	in	ADP
cblr-7157	47	61	the	the	DET
cblr-7157	47	62	institution	institution	NOUN
cblr-7157	47	63	of	of	ADP
cblr-7157	47	64	the	the	DET
cblr-7157	47	65	corporation	corporation	NOUN
cblr-7157	47	66	)	)	PUNCT
cblr-7157	47	67	;	;	PUNCT
cblr-7157	47	68	grant	grant	PROPN
cblr-7157	47	69	m.	m.	PROPN
cblr-7157	47	70	hayden	hayden	PROPN
cblr-7157	47	71	&	&	CCONJ
cblr-7157	47	72	matthew	matthew	PROPN
cblr-7157	47	73	t.	t.	PROPN
cblr-7157	47	74	bodie	bodie	PROPN
cblr-7157	47	75	,	,	PUNCT
cblr-7157	47	76	the	the	DET
cblr-7157	47	77	uncorporation	uncorporation	NOUN
cblr-7157	47	78	and	and	CCONJ
cblr-7157	47	79	the	the	DET
cblr-7157	47	80	unraveling	unraveling	NOUN
cblr-7157	47	81	of	of	ADP
cblr-7157	47	82	“	"	PUNCT
cblr-7157	47	83	nexus	nexus	NOUN
cblr-7157	47	84	of	of	ADP
cblr-7157	47	85	contracts	contract	NOUN
cblr-7157	47	86	”	"	PUNCT
cblr-7157	47	87	theory	theory	NOUN
cblr-7157	47	88	,	,	PUNCT
cblr-7157	47	89	109	109	NUM
cblr-7157	47	90	mich	mich	X
cblr-7157	47	91	.	.	PUNCT
cblr-7157	48	1	l.	l.	PROPN
cblr-7157	48	2	rev	rev	PROPN
cblr-7157	48	3	.	.	PROPN
cblr-7157	48	4	1127	1127	NUM
cblr-7157	48	5	,	,	PUNCT
cblr-7157	48	6	1128–29	1128–29	NUM
cblr-7157	48	7	(	(	PUNCT
cblr-7157	48	8	2011	2011	NUM
cblr-7157	48	9	)	)	PUNCT
cblr-7157	48	10	(	(	PUNCT
cblr-7157	48	11	arguing	argue	VERB
cblr-7157	48	12	that	that	SCONJ
cblr-7157	48	13	“	"	PUNCT
cblr-7157	48	14	state	state	NOUN
cblr-7157	48	15	corporate	corporate	ADJ
cblr-7157	48	16	law	law	NOUN
cblr-7157	48	17	,	,	PUNCT
cblr-7157	48	18	rather	rather	ADV
cblr-7157	48	19	than	than	ADP
cblr-7157	48	20	contractual	contractual	ADJ
cblr-7157	48	21	decisions	decision	NOUN
cblr-7157	48	22	,	,	PUNCT
cblr-7157	48	23	frames	frame	VERB
cblr-7157	48	24	the	the	DET
cblr-7157	48	25	structure	structure	NOUN
cblr-7157	48	26	of	of	ADP
cblr-7157	48	27	the	the	DET
cblr-7157	48	28	modern	modern	ADJ
cblr-7157	48	29	corporation	corporation	NOUN
cblr-7157	48	30	”	"	PUNCT
cblr-7157	48	31	)	)	PUNCT
cblr-7157	48	32	.	.	PUNCT
cblr-7157	49	1	4	4	NUM
cblr-7157	49	2	see	see	VERB
cblr-7157	49	3	infra	infra	NOUN
cblr-7157	49	4	section	section	NOUN
cblr-7157	49	5	ii.a	ii.a	PROPN
cblr-7157	49	6	.	.	PUNCT
cblr-7157	50	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	50	2	(	(	PUNCT
cblr-7157	50	3	do	do	AUX
cblr-7157	50	4	not	not	PART
cblr-7157	50	5	delete	delete	VERB
cblr-7157	50	6	)	)	PUNCT
cblr-7157	50	7	10/2/2020	10/2/2020	NUM
cblr-7157	50	8	11:44	11:44	NUM
cblr-7157	50	9	am	be	AUX
cblr-7157	50	10	no	no	NOUN
cblr-7157	50	11	.	.	PUNCT
cblr-7157	50	12	1:1	1:1	NUM
cblr-7157	50	13	]	]	X
cblr-7157	50	14	a	a	DET
cblr-7157	50	15	property	property	NOUN
cblr-7157	50	16	theory	theory	NOUN
cblr-7157	50	17	5	5	NUM
cblr-7157	50	18	affairs	affair	NOUN
cblr-7157	50	19	”	"	PUNCT
cblr-7157	50	20	among	among	ADP
cblr-7157	50	21	shareholder	shareholder	NOUN
cblr-7157	50	22	owners	owner	NOUN
cblr-7157	50	23	and	and	CCONJ
cblr-7157	50	24	fiduciary	fiduciary	ADJ
cblr-7157	50	25	managers,5	managers,5	NOUN
cblr-7157	50	26	the	the	DET
cblr-7157	50	27	contractarian	contractarian	ADJ
cblr-7157	50	28	theory	theory	NOUN
cblr-7157	50	29	views	view	VERB
cblr-7157	50	30	these	these	DET
cblr-7157	50	31	relationships	relationship	NOUN
cblr-7157	50	32	as	as	ADP
cblr-7157	50	33	contracts	contract	NOUN
cblr-7157	50	34	,	,	PUNCT
cblr-7157	50	35	much	much	ADV
cblr-7157	50	36	like	like	ADP
cblr-7157	50	37	other	other	ADJ
cblr-7157	50	38	contracts	contract	NOUN
cblr-7157	50	39	the	the	DET
cblr-7157	50	40	corporation	corporation	NOUN
cblr-7157	50	41	enters	enter	VERB
cblr-7157	50	42	into.6	into.6	ADV
cblr-7157	50	43	in	in	ADP
cblr-7157	50	44	this	this	DET
cblr-7157	50	45	view	view	NOUN
cblr-7157	50	46	,	,	PUNCT
cblr-7157	50	47	the	the	DET
cblr-7157	50	48	traditional	traditional	ADJ
cblr-7157	50	49	idea	idea	NOUN
cblr-7157	50	50	of	of	ADP
cblr-7157	50	51	shareholders	shareholder	NOUN
cblr-7157	50	52	as	as	ADP
cblr-7157	50	53	“	"	PUNCT
cblr-7157	50	54	owners	owner	NOUN
cblr-7157	50	55	”	"	PUNCT
cblr-7157	50	56	of	of	ADP
cblr-7157	50	57	the	the	DET
cblr-7157	50	58	corporation	corporation	NOUN
cblr-7157	50	59	yields	yield	VERB
cblr-7157	50	60	to	to	ADP
cblr-7157	50	61	one	one	NUM
cblr-7157	50	62	in	in	ADP
cblr-7157	50	63	which	which	PRON
cblr-7157	50	64	shareholders	shareholder	NOUN
cblr-7157	50	65	are	be	AUX
cblr-7157	50	66	contractual	contractual	ADJ
cblr-7157	50	67	counterparties	counterpartie	NOUN
cblr-7157	50	68	—	—	PUNCT
cblr-7157	50	69	suppliers	supplier	NOUN
cblr-7157	50	70	of	of	ADP
cblr-7157	50	71	capital	capital	NOUN
cblr-7157	50	72	,	,	PUNCT
cblr-7157	50	73	and	and	CCONJ
cblr-7157	50	74	bearers	bearer	NOUN
cblr-7157	50	75	of	of	ADP
cblr-7157	50	76	residual	residual	ADJ
cblr-7157	50	77	risk.7	risk.7	PROPN
cblr-7157	50	78	the	the	DET
cblr-7157	50	79	contractual	contractual	ADJ
cblr-7157	50	80	paradigm	paradigm	NOUN
cblr-7157	50	81	leads	lead	VERB
cblr-7157	50	82	most	most	ADJ
cblr-7157	50	83	scholars	scholar	NOUN
cblr-7157	50	84	to	to	PART
cblr-7157	50	85	deny	deny	VERB
cblr-7157	50	86	a	a	DET
cblr-7157	50	87	meaningful	meaningful	ADJ
cblr-7157	50	88	role	role	NOUN
cblr-7157	50	89	for	for	ADP
cblr-7157	50	90	ownership	ownership	NOUN
cblr-7157	50	91	within	within	ADP
cblr-7157	50	92	the	the	DET
cblr-7157	50	93	corporation	corporation	NOUN
cblr-7157	50	94	at	at	ADP
cblr-7157	50	95	all.8	all.8	PROPN
cblr-7157	50	96	in	in	ADP
cblr-7157	50	97	this	this	DET
cblr-7157	50	98	view	view	NOUN
cblr-7157	50	99	,	,	PUNCT
cblr-7157	50	100	the	the	DET
cblr-7157	50	101	shareholders	shareholder	NOUN
cblr-7157	50	102	are	be	AUX
cblr-7157	50	103	just	just	ADV
cblr-7157	50	104	another	another	DET
cblr-7157	50	105	contractual	contractual	ADJ
cblr-7157	50	106	claimant	claimant	NOUN
cblr-7157	50	107	on	on	ADP
cblr-7157	50	108	the	the	DET
cblr-7157	50	109	corporation	corporation	NOUN
cblr-7157	50	110	—	—	PUNCT
cblr-7157	50	111	in	in	ADP
cblr-7157	50	112	the	the	DET
cblr-7157	50	113	words	word	NOUN
cblr-7157	50	114	of	of	ADP
cblr-7157	50	115	yale	yale	PROPN
cblr-7157	50	116	law	law	PROPN
cblr-7157	50	117	school	school	NOUN
cblr-7157	50	118	professor	professor	NOUN
cblr-7157	50	119	jonathan	jonathan	PROPN
cblr-7157	50	120	macey	macey	PROPN
cblr-7157	50	121	and	and	CCONJ
cblr-7157	50	122	former	former	ADJ
cblr-7157	50	123	chief	chief	ADJ
cblr-7157	50	124	justice	justice	NOUN
cblr-7157	50	125	of	of	ADP
cblr-7157	50	126	the	the	DET
cblr-7157	50	127	delaware	delaware	PROPN
cblr-7157	50	128	supreme	supreme	PROPN
cblr-7157	50	129	court	court	PROPN
cblr-7157	50	130	leo	leo	PROPN
cblr-7157	50	131	strine	strine	PROPN
cblr-7157	50	132	,	,	PUNCT
cblr-7157	50	133	they	they	PRON
cblr-7157	50	134	are	be	AUX
cblr-7157	50	135	“	"	PUNCT
cblr-7157	50	136	not	not	PART
cblr-7157	50	137	so	so	ADV
cblr-7157	50	138	special	special	ADJ
cblr-7157	50	139	.	.	PUNCT
cblr-7157	50	140	”9	”9	PUNCT
cblr-7157	51	1	the	the	DET
cblr-7157	51	2	literal	literal	ADJ
cblr-7157	51	3	application	application	NOUN
cblr-7157	51	4	of	of	ADP
cblr-7157	51	5	a	a	DET
cblr-7157	51	6	purely	purely	ADV
cblr-7157	51	7	contractual	contractual	ADJ
cblr-7157	51	8	perspective	perspective	NOUN
cblr-7157	51	9	to	to	ADP
cblr-7157	51	10	corporate	corporate	ADJ
cblr-7157	51	11	law	law	NOUN
cblr-7157	51	12	doctrine	doctrine	NOUN
cblr-7157	51	13	is	be	AUX
cblr-7157	51	14	a	a	DET
cblr-7157	51	15	revolutionary	revolutionary	ADJ
cblr-7157	51	16	idea	idea	NOUN
cblr-7157	51	17	,	,	PUNCT
cblr-7157	51	18	yet	yet	ADV
cblr-7157	51	19	one	one	NUM
cblr-7157	51	20	with	with	ADP
cblr-7157	51	21	profoundly	profoundly	ADV
cblr-7157	51	22	reactionary	reactionary	ADJ
cblr-7157	51	23	implications	implication	NOUN
cblr-7157	51	24	.	.	PUNCT
cblr-7157	52	1	the	the	DET
cblr-7157	52	2	revolutionary	revolutionary	ADJ
cblr-7157	52	3	aspect	aspect	NOUN
cblr-7157	52	4	is	be	AUX
cblr-7157	52	5	that	that	SCONJ
cblr-7157	52	6	,	,	PUNCT
cblr-7157	52	7	contrary	contrary	ADV
cblr-7157	52	8	to	to	ADP
cblr-7157	52	9	black	black	ADJ
cblr-7157	52	10	letter	letter	NOUN
cblr-7157	52	11	corporate	corporate	ADJ
cblr-7157	52	12	law	law	NOUN
cblr-7157	52	13	doctrine	doctrine	NOUN
cblr-7157	52	14	,	,	PUNCT
cblr-7157	52	15	the	the	DET
cblr-7157	52	16	contractarian	contractarian	ADJ
cblr-7157	52	17	stance	stance	NOUN
cblr-7157	52	18	generates	generate	VERB
cblr-7157	52	19	blurry	blurry	ADJ
cblr-7157	52	20	or	or	CCONJ
cblr-7157	52	21	even	even	ADV
cblr-7157	52	22	nonexistent	nonexistent	ADJ
cblr-7157	52	23	boundaries	boundary	NOUN
cblr-7157	52	24	of	of	ADP
cblr-7157	52	25	the	the	DET
cblr-7157	52	26	corporation	corporation	NOUN
cblr-7157	52	27	,	,	PUNCT
cblr-7157	52	28	implying	imply	VERB
cblr-7157	52	29	that	that	SCONJ
cblr-7157	52	30	there	there	PRON
cblr-7157	52	31	is	be	VERB
cblr-7157	52	32	no	no	DET
cblr-7157	52	33	“	"	PUNCT
cblr-7157	52	34	inside	inside	ADJ
cblr-7157	52	35	”	"	PUNCT
cblr-7157	52	36	or	or	CCONJ
cblr-7157	52	37	“	"	PUNCT
cblr-7157	52	38	outside	outside	ADJ
cblr-7157	52	39	”	"	PUNCT
cblr-7157	52	40	of	of	ADP
cblr-7157	52	41	corporate	corporate	ADJ
cblr-7157	52	42	law	law	NOUN
cblr-7157	52	43	.	.	PUNCT
cblr-7157	53	1	when	when	SCONJ
cblr-7157	53	2	all	all	PRON
cblr-7157	53	3	of	of	ADP
cblr-7157	53	4	the	the	DET
cblr-7157	53	5	claims	claim	NOUN
cblr-7157	53	6	on	on	ADP
cblr-7157	53	7	the	the	DET
cblr-7157	53	8	corporation	corporation	NOUN
cblr-7157	53	9	are	be	AUX
cblr-7157	53	10	contract	contract	NOUN
cblr-7157	53	11	claims	claim	NOUN
cblr-7157	53	12	,	,	PUNCT
cblr-7157	53	13	there	there	PRON
cblr-7157	53	14	are	be	VERB
cblr-7157	53	15	no	no	DET
cblr-7157	53	16	clear	clear	ADJ
cblr-7157	53	17	boundaries	boundary	NOUN
cblr-7157	53	18	of	of	ADP
cblr-7157	53	19	5	5	NUM
cblr-7157	53	20	see	see	VERB
cblr-7157	53	21	generally	generally	ADV
cblr-7157	53	22	deborah	deborah	PROPN
cblr-7157	53	23	a.	a.	PROPN
cblr-7157	53	24	demott	demott	PROPN
cblr-7157	53	25	,	,	PUNCT
cblr-7157	53	26	perspectives	perspective	NOUN
cblr-7157	53	27	on	on	ADP
cblr-7157	53	28	choice	choice	NOUN
cblr-7157	53	29	of	of	ADP
cblr-7157	53	30	law	law	NOUN
cblr-7157	53	31	for	for	ADP
cblr-7157	53	32	corporate	corporate	ADJ
cblr-7157	53	33	internal	internal	ADJ
cblr-7157	53	34	affairs	affair	NOUN
cblr-7157	53	35	,	,	PUNCT
cblr-7157	53	36	48	48	NUM
cblr-7157	53	37	law	law	NOUN
cblr-7157	53	38	&	&	CCONJ
cblr-7157	53	39	contemp	contemp	PROPN
cblr-7157	53	40	.	.	PUNCT
cblr-7157	54	1	probs	prob	NOUN
cblr-7157	54	2	.	.	PUNCT
cblr-7157	55	1	161	161	NUM
cblr-7157	55	2	,	,	PUNCT
cblr-7157	55	3	161	161	NUM
cblr-7157	55	4	(	(	PUNCT
cblr-7157	55	5	1985	1985	NUM
cblr-7157	55	6	)	)	PUNCT
cblr-7157	55	7	(	(	PUNCT
cblr-7157	55	8	“	"	PUNCT
cblr-7157	55	9	to	to	ADP
cblr-7157	55	10	many	many	ADJ
cblr-7157	55	11	corporate	corporate	ADJ
cblr-7157	55	12	lawyers	lawyer	NOUN
cblr-7157	55	13	,	,	PUNCT
cblr-7157	55	14	the	the	DET
cblr-7157	55	15	‘	'	PUNCT
cblr-7157	55	16	internal	internal	ADJ
cblr-7157	55	17	affairs	affair	NOUN
cblr-7157	55	18	’	'	PUNCT
cblr-7157	55	19	doctrine	doctrine	NOUN
cblr-7157	55	20	—	—	PUNCT
cblr-7157	55	21	the	the	DET
cblr-7157	55	22	notion	notion	NOUN
cblr-7157	55	23	that	that	SCONJ
cblr-7157	55	24	only	only	ADV
cblr-7157	55	25	one	one	NUM
cblr-7157	55	26	state	state	NOUN
cblr-7157	55	27	,	,	PUNCT
cblr-7157	55	28	almost	almost	ADV
cblr-7157	55	29	always	always	ADV
cblr-7157	55	30	the	the	DET
cblr-7157	55	31	site	site	NOUN
cblr-7157	55	32	of	of	ADP
cblr-7157	55	33	incorporation	incorporation	NOUN
cblr-7157	55	34	,	,	PUNCT
cblr-7157	55	35	should	should	AUX
cblr-7157	55	36	be	be	AUX
cblr-7157	55	37	authorized	authorize	VERB
cblr-7157	55	38	to	to	PART
cblr-7157	55	39	regulate	regulate	VERB
cblr-7157	55	40	the	the	DET
cblr-7157	55	41	relationships	relationship	NOUN
cblr-7157	55	42	among	among	ADP
cblr-7157	55	43	a	a	DET
cblr-7157	55	44	corporation	corporation	NOUN
cblr-7157	55	45	and	and	CCONJ
cblr-7157	55	46	its	its	PRON
cblr-7157	55	47	officers	officer	NOUN
cblr-7157	55	48	,	,	PUNCT
cblr-7157	55	49	directors	director	NOUN
cblr-7157	55	50	,	,	PUNCT
cblr-7157	55	51	and	and	CCONJ
cblr-7157	55	52	shareholders	shareholder	NOUN
cblr-7157	55	53	—	—	PUNCT
cblr-7157	55	54	is	be	AUX
cblr-7157	55	55	irresistible	irresistible	ADJ
cblr-7157	55	56	if	if	SCONJ
cblr-7157	55	57	not	not	PART
cblr-7157	55	58	logically	logically	ADV
cblr-7157	55	59	inevitable	inevitable	ADJ
cblr-7157	55	60	.	.	PUNCT
cblr-7157	55	61	”	"	PUNCT
cblr-7157	55	62	)	)	PUNCT
cblr-7157	55	63	.	.	PUNCT
cblr-7157	56	1	6	6	NUM
cblr-7157	56	2	see	see	VERB
cblr-7157	56	3	infra	infra	NOUN
cblr-7157	56	4	note	note	VERB
cblr-7157	56	5	8	8	NUM
cblr-7157	56	6	and	and	CCONJ
cblr-7157	56	7	accompanying	accompany	VERB
cblr-7157	56	8	text	text	NOUN
cblr-7157	56	9	.	.	PUNCT
cblr-7157	57	1	7	7	NUM
cblr-7157	57	2	see	see	VERB
cblr-7157	57	3	barry	barry	PROPN
cblr-7157	57	4	d.	d.	PROPN
cblr-7157	57	5	baysinger	baysinger	PROPN
cblr-7157	57	6	&	&	CCONJ
cblr-7157	57	7	henry	henry	PROPN
cblr-7157	57	8	n.	n.	PROPN
cblr-7157	57	9	butler	butler	PROPN
cblr-7157	57	10	,	,	PUNCT
cblr-7157	57	11	race	race	NOUN
cblr-7157	57	12	for	for	ADP
cblr-7157	57	13	the	the	DET
cblr-7157	57	14	bottom	bottom	NOUN
cblr-7157	57	15	v.	v.	ADP
cblr-7157	57	16	climb	climb	NOUN
cblr-7157	57	17	to	to	ADP
cblr-7157	57	18	the	the	DET
cblr-7157	57	19	top	top	NOUN
cblr-7157	57	20	:	:	PUNCT
cblr-7157	57	21	the	the	DET
cblr-7157	57	22	ali	ali	PROPN
cblr-7157	57	23	project	project	NOUN
cblr-7157	57	24	and	and	CCONJ
cblr-7157	57	25	uniformity	uniformity	NOUN
cblr-7157	57	26	in	in	ADP
cblr-7157	57	27	corporate	corporate	ADJ
cblr-7157	57	28	law	law	NOUN
cblr-7157	57	29	,	,	PUNCT
cblr-7157	57	30	10	10	NUM
cblr-7157	57	31	j.	j.	PROPN
cblr-7157	57	32	corp	corp	PROPN
cblr-7157	57	33	.	.	PROPN
cblr-7157	57	34	l.	l.	PROPN
cblr-7157	57	35	431	431	NUM
cblr-7157	57	36	,	,	PUNCT
cblr-7157	57	37	433	433	NUM
cblr-7157	57	38	n.9	n.9	X
cblr-7157	57	39	(	(	PUNCT
cblr-7157	57	40	1985	1985	NUM
cblr-7157	57	41	)	)	PUNCT
cblr-7157	57	42	(	(	PUNCT
cblr-7157	57	43	“	"	PUNCT
cblr-7157	57	44	the	the	DET
cblr-7157	57	45	modern	modern	ADJ
cblr-7157	57	46	contractural	contractural	ADJ
cblr-7157	57	47	theory	theory	NOUN
cblr-7157	57	48	of	of	ADP
cblr-7157	57	49	the	the	DET
cblr-7157	57	50	firm	firm	NOUN
cblr-7157	57	51	,	,	PUNCT
cblr-7157	57	52	however	however	ADV
cblr-7157	57	53	,	,	PUNCT
cblr-7157	57	54	suggests	suggest	VERB
cblr-7157	57	55	that	that	SCONJ
cblr-7157	57	56	it	it	PRON
cblr-7157	57	57	is	be	AUX
cblr-7157	57	58	meaningless	meaningless	ADJ
cblr-7157	57	59	to	to	PART
cblr-7157	57	60	think	think	VERB
cblr-7157	57	61	of	of	ADP
cblr-7157	57	62	shareholders	shareholder	NOUN
cblr-7157	57	63	as	as	ADP
cblr-7157	57	64	‘	'	PUNCT
cblr-7157	57	65	owners	owner	NOUN
cblr-7157	57	66	'	'	PUNCT
cblr-7157	57	67	of	of	ADP
cblr-7157	57	68	the	the	DET
cblr-7157	57	69	firm	firm	NOUN
cblr-7157	57	70	;	;	PUNCT
cblr-7157	57	71	they	they	PRON
cblr-7157	57	72	are	be	AUX
cblr-7157	57	73	properly	properly	ADV
cblr-7157	57	74	viewed	view	VERB
cblr-7157	57	75	as	as	ADP
cblr-7157	57	76	risk	risk	NOUN
cblr-7157	57	77	bearers	bearer	NOUN
cblr-7157	57	78	who	who	PRON
cblr-7157	57	79	supply	supply	VERB
cblr-7157	57	80	the	the	DET
cblr-7157	57	81	firm	firm	NOUN
cblr-7157	57	82	with	with	ADP
cblr-7157	57	83	one	one	NUM
cblr-7157	57	84	form	form	NOUN
cblr-7157	57	85	of	of	ADP
cblr-7157	57	86	capital	capital	NOUN
cblr-7157	57	87	.	.	PUNCT
cblr-7157	57	88	”	"	PUNCT
cblr-7157	57	89	)	)	PUNCT
cblr-7157	57	90	.	.	PUNCT
cblr-7157	58	1	8	8	NUM
cblr-7157	58	2	see	see	VERB
cblr-7157	58	3	julian	julian	PROPN
cblr-7157	58	4	velasco	velasco	PROPN
cblr-7157	58	5	,	,	PUNCT
cblr-7157	58	6	shareholder	shareholder	NOUN
cblr-7157	58	7	ownership	ownership	NOUN
cblr-7157	58	8	and	and	CCONJ
cblr-7157	58	9	primacy	primacy	NOUN
cblr-7157	58	10	,	,	PUNCT
cblr-7157	58	11	2010	2010	NUM
cblr-7157	58	12	u.	u.	PROPN
cblr-7157	58	13	ill	ill	PROPN
cblr-7157	58	14	.	.	PUNCT
cblr-7157	59	1	l.	l.	PROPN
cblr-7157	59	2	rev	rev	PROPN
cblr-7157	59	3	.	.	PROPN
cblr-7157	59	4	897	897	NUM
cblr-7157	59	5	,	,	PUNCT
cblr-7157	59	6	899	899	NUM
cblr-7157	59	7	(	(	PUNCT
cblr-7157	59	8	2010	2010	NUM
cblr-7157	59	9	)	)	PUNCT
cblr-7157	59	10	(	(	PUNCT
cblr-7157	59	11	“	"	PUNCT
cblr-7157	59	12	today	today	NOUN
cblr-7157	59	13	,	,	PUNCT
cblr-7157	59	14	however	however	ADV
cblr-7157	59	15	,	,	PUNCT
cblr-7157	59	16	there	there	PRON
cblr-7157	59	17	seems	seem	VERB
cblr-7157	59	18	to	to	PART
cblr-7157	59	19	be	be	AUX
cblr-7157	59	20	substantial	substantial	ADJ
cblr-7157	59	21	agreement	agreement	NOUN
cblr-7157	59	22	among	among	ADP
cblr-7157	59	23	legal	legal	ADJ
cblr-7157	59	24	scholars	scholar	NOUN
cblr-7157	59	25	and	and	CCONJ
cblr-7157	59	26	others	other	NOUN
cblr-7157	59	27	in	in	ADP
cblr-7157	59	28	the	the	DET
cblr-7157	59	29	academy	academy	NOUN
cblr-7157	59	30	that	that	PRON
cblr-7157	59	31	shareholders	shareholder	NOUN
cblr-7157	59	32	do	do	AUX
cblr-7157	59	33	not	not	PART
cblr-7157	59	34	own	own	VERB
cblr-7157	59	35	corporations	corporation	NOUN
cblr-7157	59	36	.	.	PUNCT
cblr-7157	59	37	”	"	PUNCT
cblr-7157	59	38	)	)	PUNCT
cblr-7157	59	39	.	.	PUNCT
cblr-7157	60	1	velasco	velasco	PROPN
cblr-7157	60	2	disagrees	disagree	VERB
cblr-7157	60	3	with	with	ADP
cblr-7157	60	4	this	this	DET
cblr-7157	60	5	view	view	NOUN
cblr-7157	60	6	and	and	CCONJ
cblr-7157	60	7	sets	set	VERB
cblr-7157	60	8	forth	forth	ADP
cblr-7157	60	9	arguments	argument	NOUN
cblr-7157	60	10	for	for	ADP
cblr-7157	60	11	a	a	DET
cblr-7157	60	12	shareholder	shareholder	NOUN
cblr-7157	60	13	ownership	ownership	NOUN
cblr-7157	60	14	theory	theory	NOUN
cblr-7157	60	15	of	of	ADP
cblr-7157	60	16	the	the	DET
cblr-7157	60	17	corporation	corporation	NOUN
cblr-7157	60	18	.	.	PUNCT
cblr-7157	61	1	see	see	VERB
cblr-7157	61	2	i	i	PRON
cblr-7157	61	3	d.	d.	PROPN
cblr-7157	61	4	at	at	ADP
cblr-7157	61	5	901	901	NUM
cblr-7157	61	6	.	.	PUNCT
cblr-7157	62	1	9	9	NUM
cblr-7157	62	2	jonathan	jonathan	PROPN
cblr-7157	62	3	macey	macey	PROPN
cblr-7157	62	4	&	&	CCONJ
cblr-7157	62	5	leo	leo	PROPN
cblr-7157	62	6	e.	e.	PROPN
cblr-7157	62	7	strine	strine	PROPN
cblr-7157	62	8	,	,	PUNCT
cblr-7157	62	9	jr	jr	PROPN
cblr-7157	62	10	.	.	PROPN
cblr-7157	62	11	,	,	PUNCT
cblr-7157	62	12	citizens	citizen	NOUN
cblr-7157	62	13	united	unite	VERB
cblr-7157	62	14	as	as	ADP
cblr-7157	62	15	bad	bad	ADJ
cblr-7157	62	16	corporate	corporate	ADJ
cblr-7157	62	17	law	law	NOUN
cblr-7157	62	18	,	,	PUNCT
cblr-7157	62	19	2019	2019	NUM
cblr-7157	62	20	wis	wis	NOUN
cblr-7157	62	21	.	.	PUNCT
cblr-7157	63	1	l.	l.	PROPN
cblr-7157	63	2	rev	rev	PROPN
cblr-7157	63	3	.	.	PROPN
cblr-7157	63	4	451	451	NUM
cblr-7157	63	5	,	,	PUNCT
cblr-7157	63	6	483	483	NUM
cblr-7157	63	7	(	(	PUNCT
cblr-7157	63	8	2019	2019	NUM
cblr-7157	63	9	)	)	PUNCT
cblr-7157	63	10	.	.	PUNCT
cblr-7157	64	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	64	2	(	(	PUNCT
cblr-7157	64	3	do	do	AUX
cblr-7157	64	4	not	not	PART
cblr-7157	64	5	delte	delte	VERB
cblr-7157	64	6	)	)	PUNCT
cblr-7157	64	7	10/2/2020	10/2/2020	NUM
cblr-7157	64	8	11:44	11:44	NUM
cblr-7157	64	9	am	be	AUX
cblr-7157	64	10	6	6	NUM
cblr-7157	64	11	columbia	columbia	PROPN
cblr-7157	64	12	business	business	NOUN
cblr-7157	64	13	law	law	PROPN
cblr-7157	64	14	review	review	NOUN
cblr-7157	64	15	[	[	X
cblr-7157	64	16	vol	vol	NOUN
cblr-7157	64	17	.	.	PUNCT
cblr-7157	64	18	2020	2020	NUM
cblr-7157	65	1	the	the	DET
cblr-7157	65	2	firm;10	firm;10	NOUN
cblr-7157	65	3	indeed	indeed	ADV
cblr-7157	65	4	,	,	PUNCT
cblr-7157	65	5	the	the	DET
cblr-7157	65	6	theory	theory	NOUN
cblr-7157	65	7	arguably	arguably	ADV
cblr-7157	65	8	implies	imply	VERB
cblr-7157	65	9	there	there	PRON
cblr-7157	65	10	’s	’	VERB
cblr-7157	65	11	no	no	DET
cblr-7157	65	12	such	such	ADJ
cblr-7157	65	13	thing	thing	NOUN
cblr-7157	65	14	as	as	ADP
cblr-7157	65	15	a	a	DET
cblr-7157	65	16	firm.11	firm.11	NOUN
cblr-7157	65	17	this	this	DET
cblr-7157	65	18	lack	lack	NOUN
cblr-7157	65	19	of	of	ADP
cblr-7157	65	20	an	an	DET
cblr-7157	65	21	“	"	PUNCT
cblr-7157	65	22	inside	inside	ADJ
cblr-7157	65	23	”	"	PUNCT
cblr-7157	65	24	or	or	CCONJ
cblr-7157	65	25	“	"	PUNCT
cblr-7157	65	26	outside	outside	ADJ
cblr-7157	65	27	”	"	PUNCT
cblr-7157	65	28	stands	stand	VERB
cblr-7157	65	29	in	in	ADP
cblr-7157	65	30	contrast	contrast	NOUN
cblr-7157	65	31	to	to	ADP
cblr-7157	65	32	standard	standard	ADJ
cblr-7157	65	33	teaching	teaching	NOUN
cblr-7157	65	34	on	on	ADP
cblr-7157	65	35	corporate	corporate	ADJ
cblr-7157	65	36	law	law	NOUN
cblr-7157	65	37	,	,	PUNCT
cblr-7157	65	38	which	which	PRON
cblr-7157	65	39	defines	define	VERB
cblr-7157	65	40	corporate	corporate	ADJ
cblr-7157	65	41	law	law	NOUN
cblr-7157	65	42	by	by	ADP
cblr-7157	65	43	reference	reference	NOUN
cblr-7157	65	44	to	to	ADP
cblr-7157	65	45	the	the	DET
cblr-7157	65	46	“	"	PUNCT
cblr-7157	65	47	internal	internal	ADJ
cblr-7157	65	48	affairs	affair	NOUN
cblr-7157	65	49	”	"	PUNCT
cblr-7157	65	50	doctrine	doctrine	NOUN
cblr-7157	65	51	,	,	PUNCT
cblr-7157	65	52	the	the	DET
cblr-7157	65	53	law	law	NOUN
cblr-7157	65	54	applicable	applicable	ADJ
cblr-7157	65	55	to	to	ADP
cblr-7157	65	56	the	the	DET
cblr-7157	65	57	relations	relation	NOUN
cblr-7157	65	58	among	among	ADP
cblr-7157	65	59	those	those	DET
cblr-7157	65	60	“	"	PUNCT
cblr-7157	65	61	inside	inside	ADV
cblr-7157	65	62	”	"	PUNCT
cblr-7157	65	63	the	the	DET
cblr-7157	65	64	corporation	corporation	NOUN
cblr-7157	65	65	—	—	PUNCT
cblr-7157	65	66	the	the	DET
cblr-7157	65	67	officers	officer	NOUN
cblr-7157	65	68	,	,	PUNCT
cblr-7157	65	69	directors	director	NOUN
cblr-7157	65	70	,	,	PUNCT
cblr-7157	65	71	and	and	CCONJ
cblr-7157	65	72	shareholders.12	shareholders.12	NOUN
cblr-7157	65	73	indeed	indeed	ADV
cblr-7157	65	74	,	,	PUNCT
cblr-7157	65	75	the	the	DET
cblr-7157	65	76	absence	absence	NOUN
cblr-7157	65	77	of	of	ADP
cblr-7157	65	78	an	an	DET
cblr-7157	65	79	inside	inside	NOUN
cblr-7157	65	80	or	or	CCONJ
cblr-7157	65	81	outside	outside	ADV
cblr-7157	65	82	arguably	arguably	ADV
cblr-7157	65	83	implies	imply	VERB
cblr-7157	65	84	that	that	SCONJ
cblr-7157	65	85	there	there	PRON
cblr-7157	65	86	is	be	VERB
cblr-7157	65	87	no	no	DET
cblr-7157	65	88	separate	separate	ADJ
cblr-7157	65	89	law	law	NOUN
cblr-7157	65	90	of	of	ADP
cblr-7157	65	91	corporations	corporation	NOUN
cblr-7157	65	92	or	or	CCONJ
cblr-7157	65	93	other	other	ADJ
cblr-7157	65	94	business	business	NOUN
cblr-7157	65	95	organizations	organization	NOUN
cblr-7157	65	96	—	—	PUNCT
cblr-7157	65	97	there	there	PRON
cblr-7157	65	98	are	be	VERB
cblr-7157	65	99	just	just	ADV
cblr-7157	65	100	contracts	contract	NOUN
cblr-7157	65	101	,	,	PUNCT
cblr-7157	65	102	albeit	albeit	SCONJ
cblr-7157	65	103	within	within	ADP
cblr-7157	65	104	a	a	DET
cblr-7157	65	105	specialized	specialized	ADJ
cblr-7157	65	106	context	context	NOUN
cblr-7157	65	107	.	.	PUNCT
cblr-7157	66	1	the	the	DET
cblr-7157	66	2	reactionary	reactionary	ADJ
cblr-7157	66	3	implications	implication	NOUN
cblr-7157	66	4	of	of	ADP
cblr-7157	66	5	the	the	DET
cblr-7157	66	6	contractarian	contractarian	ADJ
cblr-7157	66	7	perspective	perspective	NOUN
cblr-7157	66	8	stem	stem	VERB
cblr-7157	66	9	from	from	ADP
cblr-7157	66	10	the	the	DET
cblr-7157	66	11	fact	fact	NOUN
cblr-7157	66	12	that	that	SCONJ
cblr-7157	66	13	if	if	SCONJ
cblr-7157	66	14	corporations	corporation	NOUN
cblr-7157	66	15	are	be	AUX
cblr-7157	66	16	just	just	ADV
cblr-7157	66	17	contracts	contract	NOUN
cblr-7157	66	18	,	,	PUNCT
cblr-7157	66	19	there	there	PRON
cblr-7157	66	20	is	be	VERB
cblr-7157	66	21	not	not	PART
cblr-7157	66	22	much	much	ADJ
cblr-7157	66	23	for	for	SCONJ
cblr-7157	66	24	corporate	corporate	ADJ
cblr-7157	66	25	law	law	NOUN
cblr-7157	66	26	to	to	PART
cblr-7157	66	27	do	do	VERB
cblr-7157	66	28	other	other	ADJ
cblr-7157	66	29	than	than	ADP
cblr-7157	66	30	interpret	interpret	VERB
cblr-7157	66	31	,	,	PUNCT
cblr-7157	66	32	validate	validate	NOUN
cblr-7157	66	33	,	,	PUNCT
cblr-7157	66	34	and	and	CCONJ
cblr-7157	66	35	occasionally	occasionally	ADV
cblr-7157	66	36	invalidate	invalidate	VERB
cblr-7157	66	37	contracts	contract	NOUN
cblr-7157	66	38	,	,	PUNCT
cblr-7157	66	39	subject	subject	ADJ
cblr-7157	66	40	to	to	ADP
cblr-7157	66	41	the	the	DET
cblr-7157	66	42	rules	rule	NOUN
cblr-7157	66	43	of	of	ADP
cblr-7157	66	44	contract	contract	NOUN
cblr-7157	66	45	law	law	NOUN
cblr-7157	66	46	.	.	PUNCT
cblr-7157	67	1	this	this	PRON
cblr-7157	67	2	is	be	AUX
cblr-7157	67	3	because	because	SCONJ
cblr-7157	67	4	the	the	DET
cblr-7157	67	5	contractarian	contractarian	ADJ
cblr-7157	67	6	perspective	perspective	NOUN
cblr-7157	67	7	offers	offer	VERB
cblr-7157	67	8	little	little	ADJ
cblr-7157	67	9	guidance	guidance	NOUN
cblr-7157	67	10	for	for	ADP
cblr-7157	67	11	clarifying	clarify	VERB
cblr-7157	67	12	the	the	DET
cblr-7157	67	13	corporation	corporation	NOUN
cblr-7157	67	14	’s	’s	PART
cblr-7157	67	15	relationship	relationship	NOUN
cblr-7157	67	16	with	with	ADP
cblr-7157	67	17	its	its	PRON
cblr-7157	67	18	traditional	traditional	ADJ
cblr-7157	67	19	contractual	contractual	ADJ
cblr-7157	67	20	claimants	claimant	NOUN
cblr-7157	67	21	(	(	PUNCT
cblr-7157	67	22	employees	employee	NOUN
cblr-7157	67	23	,	,	PUNCT
cblr-7157	67	24	customers	customer	NOUN
cblr-7157	67	25	,	,	PUNCT
cblr-7157	67	26	suppliers	supplier	NOUN
cblr-7157	67	27	,	,	PUNCT
cblr-7157	67	28	etc	etc	X
cblr-7157	67	29	.	.	X
cblr-7157	67	30	)	)	PUNCT
cblr-7157	67	31	,	,	PUNCT
cblr-7157	67	32	as	as	SCONJ
cblr-7157	67	33	those	those	DET
cblr-7157	67	34	relationships	relationship	NOUN
cblr-7157	67	35	have	have	AUX
cblr-7157	67	36	always	always	ADV
cblr-7157	67	37	been	be	AUX
cblr-7157	67	38	viewed	view	VERB
cblr-7157	67	39	as	as	ADP
cblr-7157	67	40	contractual	contractual	ADJ
cblr-7157	67	41	and	and	CCONJ
cblr-7157	67	42	subject	subject	ADJ
cblr-7157	67	43	to	to	ADP
cblr-7157	67	44	the	the	DET
cblr-7157	67	45	principles	principle	NOUN
cblr-7157	67	46	of	of	ADP
cblr-7157	67	47	contract	contract	NOUN
cblr-7157	67	48	law	law	NOUN
cblr-7157	67	49	.	.	PUNCT
cblr-7157	68	1	what	what	PRON
cblr-7157	68	2	is	be	AUX
cblr-7157	68	3	new	new	ADJ
cblr-7157	68	4	when	when	SCONJ
cblr-7157	68	5	the	the	DET
cblr-7157	68	6	corporation	corporation	NOUN
cblr-7157	68	7	is	be	AUX
cblr-7157	68	8	a	a	DET
cblr-7157	68	9	nexus	nexus	NOUN
cblr-7157	68	10	of	of	ADP
cblr-7157	68	11	contracts	contract	NOUN
cblr-7157	68	12	is	be	AUX
cblr-7157	68	13	that	that	SCONJ
cblr-7157	68	14	the	the	DET
cblr-7157	68	15	shareholders	shareholder	NOUN
cblr-7157	68	16	should	should	AUX
cblr-7157	68	17	be	be	AUX
cblr-7157	68	18	viewed	view	VERB
cblr-7157	68	19	as	as	ADP
cblr-7157	68	20	contract	contract	NOUN
cblr-7157	68	21	claimants	claimant	NOUN
cblr-7157	68	22	as	as	ADV
cblr-7157	68	23	well	well	ADV
cblr-7157	68	24	,	,	PUNCT
cblr-7157	68	25	with	with	ADP
cblr-7157	68	26	rights	right	NOUN
cblr-7157	68	27	arising	arise	VERB
cblr-7157	68	28	from	from	ADP
cblr-7157	68	29	10	10	NUM
cblr-7157	68	30	see	see	NOUN
cblr-7157	68	31	,	,	PUNCT
cblr-7157	68	32	e.g.	e.g.	ADV
cblr-7157	68	33	,	,	PUNCT
cblr-7157	68	34	d.	d.	PROPN
cblr-7157	68	35	gordon	gordon	PROPN
cblr-7157	68	36	smith	smith	PROPN
cblr-7157	68	37	,	,	PUNCT
cblr-7157	68	38	the	the	DET
cblr-7157	68	39	critical	critical	ADJ
cblr-7157	68	40	resource	resource	NOUN
cblr-7157	68	41	theory	theory	NOUN
cblr-7157	68	42	of	of	ADP
cblr-7157	68	43	fiduciary	fiduciary	ADJ
cblr-7157	68	44	duty	duty	NOUN
cblr-7157	68	45	,	,	PUNCT
cblr-7157	68	46	55	55	NUM
cblr-7157	68	47	vand	vand	NOUN
cblr-7157	68	48	.	.	PUNCT
cblr-7157	69	1	l.	l.	PROPN
cblr-7157	69	2	rev	rev	PROPN
cblr-7157	69	3	.	.	PROPN
cblr-7157	69	4	1399	1399	NUM
cblr-7157	69	5	,	,	PUNCT
cblr-7157	69	6	1432	1432	NUM
cblr-7157	69	7	(	(	PUNCT
cblr-7157	69	8	2002	2002	NUM
cblr-7157	69	9	)	)	PUNCT
cblr-7157	69	10	.	.	PUNCT
cblr-7157	70	1	indeed	indeed	ADV
cblr-7157	70	2	,	,	PUNCT
cblr-7157	70	3	jensen	jensen	PROPN
cblr-7157	70	4	and	and	CCONJ
cblr-7157	70	5	meckling	meckle	VERB
cblr-7157	70	6	explicitly	explicitly	ADV
cblr-7157	70	7	take	take	VERB
cblr-7157	70	8	this	this	DET
cblr-7157	70	9	position	position	NOUN
cblr-7157	70	10	,	,	PUNCT
cblr-7157	70	11	arguing	argue	VERB
cblr-7157	70	12	:	:	PUNCT
cblr-7157	71	1	[	[	X
cblr-7157	71	2	i]t	i]t	NOUN
cblr-7157	71	3	makes	make	VERB
cblr-7157	71	4	little	little	ADJ
cblr-7157	71	5	or	or	CCONJ
cblr-7157	71	6	no	no	PRON
cblr-7157	71	7	sense	sense	NOUN
cblr-7157	71	8	to	to	PART
cblr-7157	71	9	try	try	VERB
cblr-7157	71	10	to	to	PART
cblr-7157	71	11	distinguish	distinguish	VERB
cblr-7157	71	12	those	those	DET
cblr-7157	71	13	things	thing	NOUN
cblr-7157	71	14	which	which	PRON
cblr-7157	71	15	are	be	AUX
cblr-7157	71	16	“	"	PUNCT
cblr-7157	71	17	inside	inside	ADV
cblr-7157	71	18	”	"	PUNCT
cblr-7157	71	19	the	the	DET
cblr-7157	71	20	firm	firm	NOUN
cblr-7157	71	21	.	.	PUNCT
cblr-7157	71	22	.	.	PUNCT
cblr-7157	72	1	.	.	PUNCT
cblr-7157	73	1	from	from	ADP
cblr-7157	73	2	those	those	DET
cblr-7157	73	3	things	thing	NOUN
cblr-7157	73	4	that	that	PRON
cblr-7157	73	5	are	be	AUX
cblr-7157	73	6	“	"	PUNCT
cblr-7157	73	7	outside	outside	ADJ
cblr-7157	73	8	”	"	PUNCT
cblr-7157	73	9	of	of	ADP
cblr-7157	73	10	it	it	PRON
cblr-7157	73	11	.	.	PUNCT
cblr-7157	74	1	there	there	PRON
cblr-7157	74	2	is	be	VERB
cblr-7157	74	3	in	in	ADP
cblr-7157	74	4	a	a	DET
cblr-7157	74	5	very	very	ADV
cblr-7157	74	6	real	real	ADJ
cblr-7157	74	7	sense	sense	NOUN
cblr-7157	74	8	only	only	ADV
cblr-7157	74	9	a	a	DET
cblr-7157	74	10	multitude	multitude	NOUN
cblr-7157	74	11	of	of	ADP
cblr-7157	74	12	complex	complex	ADJ
cblr-7157	74	13	relationships	relationship	NOUN
cblr-7157	74	14	(	(	PUNCT
cblr-7157	74	15	i.e.	i.e.	X
cblr-7157	74	16	,	,	PUNCT
cblr-7157	74	17	contracts	contract	NOUN
cblr-7157	74	18	)	)	PUNCT
cblr-7157	74	19	between	between	ADP
cblr-7157	74	20	the	the	DET
cblr-7157	74	21	legal	legal	ADJ
cblr-7157	74	22	fiction	fiction	NOUN
cblr-7157	74	23	(	(	PUNCT
cblr-7157	74	24	the	the	DET
cblr-7157	74	25	firm	firm	NOUN
cblr-7157	74	26	)	)	PUNCT
cblr-7157	74	27	and	and	CCONJ
cblr-7157	74	28	the	the	DET
cblr-7157	74	29	owners	owner	NOUN
cblr-7157	74	30	of	of	ADP
cblr-7157	74	31	labor	labor	NOUN
cblr-7157	74	32	,	,	PUNCT
cblr-7157	74	33	material	material	NOUN
cblr-7157	74	34	and	and	CCONJ
cblr-7157	74	35	capital	capital	NOUN
cblr-7157	74	36	inputs	input	NOUN
cblr-7157	74	37	and	and	CCONJ
cblr-7157	74	38	the	the	DET
cblr-7157	74	39	consumers	consumer	NOUN
cblr-7157	74	40	of	of	ADP
cblr-7157	74	41	output	output	NOUN
cblr-7157	74	42	.	.	PUNCT
cblr-7157	75	1	michael	michael	PROPN
cblr-7157	75	2	c.	c.	PROPN
cblr-7157	75	3	jensen	jensen	PROPN
cblr-7157	75	4	&	&	CCONJ
cblr-7157	75	5	william	william	PROPN
cblr-7157	75	6	h.	h.	PROPN
cblr-7157	75	7	meckling	meckling	PROPN
cblr-7157	75	8	,	,	PUNCT
cblr-7157	75	9	theory	theory	NOUN
cblr-7157	75	10	of	of	ADP
cblr-7157	75	11	the	the	DET
cblr-7157	75	12	firm	firm	NOUN
cblr-7157	75	13	:	:	PUNCT
cblr-7157	75	14	managerial	managerial	ADJ
cblr-7157	75	15	behavior	behavior	NOUN
cblr-7157	75	16	,	,	PUNCT
cblr-7157	75	17	agency	agency	NOUN
cblr-7157	75	18	costs	cost	NOUN
cblr-7157	75	19	and	and	CCONJ
cblr-7157	75	20	ownership	ownership	NOUN
cblr-7157	75	21	structure	structure	NOUN
cblr-7157	75	22	,	,	PUNCT
cblr-7157	75	23	3	3	NUM
cblr-7157	75	24	j.	j.	PROPN
cblr-7157	75	25	fin	fin	PROPN
cblr-7157	75	26	.	.	PUNCT
cblr-7157	75	27	econ	econ	PROPN
cblr-7157	75	28	.	.	PUNCT
cblr-7157	76	1	305	305	NUM
cblr-7157	76	2	,	,	PUNCT
cblr-7157	76	3	311	311	NUM
cblr-7157	76	4	(	(	PUNCT
cblr-7157	76	5	1976	1976	NUM
cblr-7157	76	6	)	)	PUNCT
cblr-7157	76	7	.	.	PUNCT
cblr-7157	77	1	11	11	NUM
cblr-7157	77	2	eisenberg	eisenberg	PROPN
cblr-7157	77	3	,	,	PUNCT
cblr-7157	77	4	supra	supra	PROPN
cblr-7157	77	5	note	note	PROPN
cblr-7157	77	6	1	1	NUM
cblr-7157	77	7	,	,	PUNCT
cblr-7157	77	8	at	at	ADP
cblr-7157	77	9	832	832	NUM
cblr-7157	77	10	.	.	PUNCT
cblr-7157	78	1	indeed	indeed	ADV
cblr-7157	78	2	,	,	PUNCT
cblr-7157	78	3	gulati	gulati	PROPN
cblr-7157	78	4	,	,	PUNCT
cblr-7157	78	5	klein	klein	PROPN
cblr-7157	78	6	and	and	CCONJ
cblr-7157	78	7	zolt	zolt	PROPN
cblr-7157	78	8	take	take	VERB
cblr-7157	78	9	this	this	DET
cblr-7157	78	10	additional	additional	ADJ
cblr-7157	78	11	step	step	NOUN
cblr-7157	78	12	and	and	CCONJ
cblr-7157	78	13	articulate	articulate	VERB
cblr-7157	78	14	a	a	DET
cblr-7157	78	15	model	model	NOUN
cblr-7157	78	16	in	in	ADP
cblr-7157	78	17	which	which	PRON
cblr-7157	78	18	there	there	PRON
cblr-7157	78	19	are	be	VERB
cblr-7157	78	20	no	no	DET
cblr-7157	78	21	firms	firm	NOUN
cblr-7157	78	22	,	,	PUNCT
cblr-7157	78	23	only	only	ADV
cblr-7157	78	24	“	"	PUNCT
cblr-7157	78	25	connected	connected	ADJ
cblr-7157	78	26	contracts	contract	NOUN
cblr-7157	78	27	.	.	PUNCT
cblr-7157	78	28	”	"	PUNCT
cblr-7157	79	1	see	see	VERB
cblr-7157	79	2	g.	g.	PROPN
cblr-7157	79	3	mitu	mitu	PROPN
cblr-7157	79	4	gulati	gulati	PROPN
cblr-7157	79	5	et	et	PROPN
cblr-7157	79	6	al	al	PROPN
cblr-7157	79	7	.	.	PROPN
cblr-7157	79	8	,	,	PUNCT
cblr-7157	79	9	connected	connected	ADJ
cblr-7157	79	10	contracts	contract	NOUN
cblr-7157	79	11	,	,	PUNCT
cblr-7157	79	12	47	47	NUM
cblr-7157	79	13	ucla	ucla	PROPN
cblr-7157	79	14	l.	l.	PROPN
cblr-7157	79	15	rev	rev	PROPN
cblr-7157	79	16	.	.	PROPN
cblr-7157	79	17	887	887	NUM
cblr-7157	79	18	,	,	PUNCT
cblr-7157	79	19	894	894	NUM
cblr-7157	79	20	(	(	PUNCT
cblr-7157	79	21	2000	2000	NUM
cblr-7157	79	22	)	)	PUNCT
cblr-7157	79	23	.	.	PUNCT
cblr-7157	80	1	12	12	NUM
cblr-7157	80	2	see	see	NOUN
cblr-7157	80	3	,	,	PUNCT
cblr-7157	80	4	e.g.	e.g.	ADV
cblr-7157	80	5	,	,	PUNCT
cblr-7157	80	6	ann	ann	PROPN
cblr-7157	80	7	m.	m.	PROPN
cblr-7157	80	8	lipton	lipton	PROPN
cblr-7157	80	9	,	,	PUNCT
cblr-7157	80	10	manufactured	manufactured	ADJ
cblr-7157	80	11	consent	consent	NOUN
cblr-7157	80	12	:	:	PUNCT
cblr-7157	80	13	the	the	DET
cblr-7157	80	14	problem	problem	NOUN
cblr-7157	80	15	of	of	ADP
cblr-7157	80	16	arbitration	arbitration	NOUN
cblr-7157	80	17	clauses	clause	NOUN
cblr-7157	80	18	in	in	ADP
cblr-7157	80	19	corporate	corporate	ADJ
cblr-7157	80	20	charters	charter	NOUN
cblr-7157	80	21	and	and	CCONJ
cblr-7157	80	22	bylaws	bylaw	NOUN
cblr-7157	80	23	,	,	PUNCT
cblr-7157	81	1	104	104	NUM
cblr-7157	81	2	geo	geo	PROPN
cblr-7157	81	3	.	.	PUNCT
cblr-7157	81	4	l.j	l.j	PROPN
cblr-7157	81	5	.	.	PROPN
cblr-7157	81	6	583	583	NUM
cblr-7157	81	7	,	,	PUNCT
cblr-7157	81	8	597	597	NUM
cblr-7157	81	9	(	(	PUNCT
cblr-7157	81	10	2016	2016	NUM
cblr-7157	81	11	)	)	PUNCT
cblr-7157	81	12	.	.	PUNCT
cblr-7157	82	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	82	2	(	(	PUNCT
cblr-7157	82	3	do	do	AUX
cblr-7157	82	4	not	not	PART
cblr-7157	82	5	delete	delete	VERB
cblr-7157	82	6	)	)	PUNCT
cblr-7157	82	7	10/2/2020	10/2/2020	NUM
cblr-7157	82	8	11:44	11:44	NUM
cblr-7157	82	9	am	be	AUX
cblr-7157	82	10	no	no	NOUN
cblr-7157	82	11	.	.	PUNCT
cblr-7157	82	12	1:1	1:1	NUM
cblr-7157	82	13	]	]	X
cblr-7157	82	14	a	a	DET
cblr-7157	82	15	property	property	NOUN
cblr-7157	82	16	theory	theory	NOUN
cblr-7157	82	17	7	7	NUM
cblr-7157	82	18	contract	contract	NOUN
cblr-7157	82	19	law	law	NOUN
cblr-7157	82	20	.	.	PUNCT
cblr-7157	83	1	as	as	ADP
cblr-7157	83	2	a	a	DET
cblr-7157	83	3	result	result	NOUN
cblr-7157	83	4	,	,	PUNCT
cblr-7157	83	5	unless	unless	SCONJ
cblr-7157	83	6	the	the	DET
cblr-7157	83	7	contractual	contractual	ADJ
cblr-7157	83	8	view	view	NOUN
cblr-7157	83	9	of	of	ADP
cblr-7157	83	10	shareholders	shareholder	NOUN
cblr-7157	83	11	provides	provide	VERB
cblr-7157	83	12	something	something	PRON
cblr-7157	83	13	new	new	ADJ
cblr-7157	83	14	,	,	PUNCT
cblr-7157	83	15	the	the	DET
cblr-7157	83	16	theory	theory	NOUN
cblr-7157	83	17	provides	provide	VERB
cblr-7157	83	18	little	little	ADJ
cblr-7157	83	19	traction	traction	NOUN
cblr-7157	83	20	beyond	beyond	ADP
cblr-7157	83	21	the	the	DET
cblr-7157	83	22	rules	rule	NOUN
cblr-7157	83	23	of	of	ADP
cblr-7157	83	24	ordinary	ordinary	ADJ
cblr-7157	83	25	contract	contract	NOUN
cblr-7157	83	26	law	law	NOUN
cblr-7157	83	27	to	to	PART
cblr-7157	83	28	answer	answer	VERB
cblr-7157	83	29	theoretical	theoretical	ADJ
cblr-7157	83	30	and	and	CCONJ
cblr-7157	83	31	doctrinal	doctrinal	ADJ
cblr-7157	83	32	questions	question	NOUN
cblr-7157	83	33	in	in	ADP
cblr-7157	83	34	corporate	corporate	ADJ
cblr-7157	83	35	law	law	NOUN
cblr-7157	83	36	.	.	PUNCT
cblr-7157	84	1	the	the	DET
cblr-7157	84	2	upshot	upshot	NOUN
cblr-7157	84	3	is	be	AUX
cblr-7157	84	4	that	that	SCONJ
cblr-7157	84	5	the	the	DET
cblr-7157	84	6	contractarian	contractarian	ADJ
cblr-7157	84	7	metaphor	metaphor	NOUN
cblr-7157	84	8	falls	fall	VERB
cblr-7157	84	9	apart	apart	ADV
cblr-7157	84	10	at	at	ADP
cblr-7157	84	11	the	the	DET
cblr-7157	84	12	only	only	ADJ
cblr-7157	84	13	place	place	NOUN
cblr-7157	84	14	it	it	PRON
cblr-7157	84	15	does	do	VERB
cblr-7157	84	16	any	any	DET
cblr-7157	84	17	work	work	NOUN
cblr-7157	84	18	—	—	PUNCT
cblr-7157	84	19	in	in	ADP
cblr-7157	84	20	characterizing	characterize	VERB
cblr-7157	84	21	the	the	DET
cblr-7157	84	22	relationship	relationship	NOUN
cblr-7157	84	23	of	of	ADP
cblr-7157	84	24	the	the	DET
cblr-7157	84	25	shareholders	shareholder	NOUN
cblr-7157	84	26	to	to	ADP
cblr-7157	84	27	the	the	DET
cblr-7157	84	28	corporation	corporation	NOUN
cblr-7157	84	29	.	.	PUNCT
cblr-7157	85	1	that	that	PRON
cblr-7157	85	2	is	be	AUX
cblr-7157	85	3	,	,	PUNCT
cblr-7157	85	4	it	it	PRON
cblr-7157	85	5	fails	fail	VERB
cblr-7157	85	6	to	to	PART
cblr-7157	85	7	explain	explain	VERB
cblr-7157	85	8	even	even	ADV
cblr-7157	85	9	the	the	DET
cblr-7157	85	10	most	most	ADV
cblr-7157	85	11	fundamental	fundamental	ADJ
cblr-7157	85	12	and	and	CCONJ
cblr-7157	85	13	important	important	ADJ
cblr-7157	85	14	aspects	aspect	NOUN
cblr-7157	85	15	of	of	ADP
cblr-7157	85	16	shareholders	shareholder	NOUN
cblr-7157	85	17	’	'	PUNCT
cblr-7157	85	18	relationship	relationship	NOUN
cblr-7157	85	19	to	to	ADP
cblr-7157	85	20	the	the	DET
cblr-7157	85	21	corporation	corporation	NOUN
cblr-7157	85	22	,	,	PUNCT
cblr-7157	85	23	such	such	ADJ
cblr-7157	85	24	as	as	ADP
cblr-7157	85	25	the	the	DET
cblr-7157	85	26	source	source	NOUN
cblr-7157	85	27	and	and	CCONJ
cblr-7157	85	28	scope	scope	NOUN
cblr-7157	85	29	of	of	ADP
cblr-7157	85	30	the	the	DET
cblr-7157	85	31	fiduciary	fiduciary	ADJ
cblr-7157	85	32	duties	duty	NOUN
cblr-7157	85	33	owed	owe	VERB
cblr-7157	85	34	to	to	ADP
cblr-7157	85	35	them.13	them.13	PROPN
cblr-7157	85	36	likewise	likewise	ADV
cblr-7157	85	37	,	,	PUNCT
cblr-7157	85	38	the	the	DET
cblr-7157	85	39	contractarian	contractarian	ADJ
cblr-7157	85	40	view	view	NOUN
cblr-7157	85	41	struggles	struggle	VERB
cblr-7157	85	42	to	to	PART
cblr-7157	85	43	provide	provide	VERB
cblr-7157	85	44	an	an	DET
cblr-7157	85	45	account	account	NOUN
cblr-7157	85	46	for	for	ADP
cblr-7157	85	47	the	the	DET
cblr-7157	85	48	mandatory	mandatory	ADJ
cblr-7157	85	49	rules	rule	NOUN
cblr-7157	85	50	of	of	ADP
cblr-7157	85	51	corporate	corporate	ADJ
cblr-7157	85	52	law14	law14	NOUN
cblr-7157	85	53	such	such	ADJ
cblr-7157	85	54	as	as	ADP
cblr-7157	85	55	,	,	PUNCT
cblr-7157	85	56	especially	especially	ADV
cblr-7157	85	57	relevant	relevant	ADJ
cblr-7157	85	58	for	for	ADP
cblr-7157	85	59	the	the	DET
cblr-7157	85	60	purposes	purpose	NOUN
cblr-7157	85	61	of	of	ADP
cblr-7157	85	62	this	this	DET
cblr-7157	85	63	article	article	NOUN
cblr-7157	85	64	,	,	PUNCT
cblr-7157	85	65	the	the	DET
cblr-7157	85	66	fiduciary	fiduciary	ADJ
cblr-7157	85	67	concept.15	concept.15	NOUN
cblr-7157	85	68	as	as	ADP
cblr-7157	85	69	a	a	DET
cblr-7157	85	70	result	result	NOUN
cblr-7157	85	71	,	,	PUNCT
cblr-7157	85	72	instead	instead	ADV
cblr-7157	85	73	of	of	ADP
cblr-7157	85	74	providing	provide	VERB
cblr-7157	85	75	new	new	ADJ
cblr-7157	85	76	leverage	leverage	NOUN
cblr-7157	85	77	on	on	ADP
cblr-7157	85	78	corporate	corporate	ADJ
cblr-7157	85	79	legal	legal	ADJ
cblr-7157	85	80	problems	problem	NOUN
cblr-7157	85	81	,	,	PUNCT
cblr-7157	85	82	the	the	DET
cblr-7157	85	83	contract	contract	NOUN
cblr-7157	85	84	metaphor	metaphor	NOUN
cblr-7157	85	85	is	be	AUX
cblr-7157	85	86	in	in	ADP
cblr-7157	85	87	large	large	ADJ
cblr-7157	85	88	part	part	NOUN
cblr-7157	85	89	simply	simply	ADV
cblr-7157	85	90	a	a	DET
cblr-7157	85	91	justification	justification	NOUN
cblr-7157	85	92	of	of	ADP
cblr-7157	85	93	whatever	whatever	DET
cblr-7157	85	94	status	status	NOUN
cblr-7157	85	95	quo	quo	NOUN
cblr-7157	85	96	“	"	PUNCT
cblr-7157	85	97	contractual	contractual	ADJ
cblr-7157	85	98	”	"	PUNCT
cblr-7157	85	99	arrangements	arrangement	NOUN
cblr-7157	85	100	currently	currently	ADV
cblr-7157	85	101	exist.16	exist.16	PROPN
cblr-7157	85	102	the	the	DET
cblr-7157	85	103	problems	problem	NOUN
cblr-7157	85	104	with	with	ADP
cblr-7157	85	105	the	the	DET
cblr-7157	85	106	contractarian	contractarian	ADJ
cblr-7157	85	107	account	account	NOUN
cblr-7157	85	108	of	of	ADP
cblr-7157	85	109	the	the	DET
cblr-7157	85	110	shareholder	shareholder	NOUN
cblr-7157	85	111	relationship	relationship	NOUN
cblr-7157	85	112	are	be	AUX
cblr-7157	85	113	compounded	compound	VERB
cblr-7157	85	114	by	by	ADP
cblr-7157	85	115	the	the	DET
cblr-7157	85	116	fact	fact	NOUN
cblr-7157	85	117	that	that	SCONJ
cblr-7157	85	118	the	the	DET
cblr-7157	85	119	rules	rule	NOUN
cblr-7157	85	120	of	of	ADP
cblr-7157	85	121	corporate	corporate	ADJ
cblr-7157	85	122	shareholder	shareholder	NOUN
cblr-7157	85	123	“	"	PUNCT
cblr-7157	85	124	contracts	contract	NOUN
cblr-7157	85	125	”	"	PUNCT
cblr-7157	85	126	bear	bear	VERB
cblr-7157	85	127	little	little	ADJ
cblr-7157	85	128	resemblance	resemblance	NOUN
cblr-7157	85	129	to	to	ADP
cblr-7157	85	130	those	those	PRON
cblr-7157	85	131	of	of	ADP
cblr-7157	85	132	regular	regular	ADJ
cblr-7157	85	133	contracts.17	contracts.17	NOUN
cblr-7157	85	134	as	as	ADP
cblr-7157	85	135	a	a	DET
cblr-7157	85	136	result	result	NOUN
cblr-7157	85	137	,	,	PUNCT
cblr-7157	85	138	even	even	ADV
cblr-7157	85	139	if	if	SCONJ
cblr-7157	85	140	the	the	DET
cblr-7157	85	141	corporation	corporation	NOUN
cblr-7157	85	142	is	be	AUX
cblr-7157	85	143	viewed	view	VERB
cblr-7157	85	144	as	as	ADP
cblr-7157	85	145	a	a	DET
cblr-7157	85	146	mere	mere	ADJ
cblr-7157	85	147	nexus	nexus	NOUN
cblr-7157	85	148	of	of	ADP
cblr-7157	85	149	contracts	contract	NOUN
cblr-7157	85	150	,	,	PUNCT
cblr-7157	85	151	the	the	DET
cblr-7157	85	152	issue	issue	NOUN
cblr-7157	85	153	of	of	ADP
cblr-7157	85	154	identifying	identify	VERB
cblr-7157	85	155	when	when	SCONJ
cblr-7157	85	156	contracts	contract	NOUN
cblr-7157	85	157	are	be	AUX
cblr-7157	85	158	within	within	ADP
cblr-7157	85	159	the	the	DET
cblr-7157	85	160	internal	internal	ADJ
cblr-7157	85	161	affairs	affair	NOUN
cblr-7157	85	162	of	of	ADP
cblr-7157	85	163	the	the	DET
cblr-7157	85	164	corporation	corporation	NOUN
cblr-7157	85	165	(	(	PUNCT
cblr-7157	85	166	and	and	CCONJ
cblr-7157	85	167	therefore	therefore	ADV
cblr-7157	85	168	subject	subject	ADJ
cblr-7157	85	169	to	to	ADP
cblr-7157	85	170	special	special	ADJ
cblr-7157	85	171	rules	rule	NOUN
cblr-7157	85	172	)	)	PUNCT
cblr-7157	85	173	persists	persist	VERB
cblr-7157	85	174	.	.	PUNCT
cblr-7157	86	1	the	the	DET
cblr-7157	86	2	contractarian	contractarian	ADJ
cblr-7157	86	3	account	account	NOUN
cblr-7157	86	4	does	do	AUX
cblr-7157	86	5	not	not	PART
cblr-7157	86	6	supply	supply	VERB
cblr-7157	86	7	an	an	DET
cblr-7157	86	8	answer	answer	NOUN
cblr-7157	86	9	to	to	ADP
cblr-7157	86	10	this	this	DET
cblr-7157	86	11	linedrawing	linedrawing	NOUN
cblr-7157	86	12	question	question	NOUN
cblr-7157	86	13	,	,	PUNCT
cblr-7157	86	14	and	and	CCONJ
cblr-7157	86	15	as	as	ADP
cblr-7157	86	16	a	a	DET
cblr-7157	86	17	result	result	NOUN
cblr-7157	86	18	the	the	DET
cblr-7157	86	19	nexus	nexus	NOUN
cblr-7157	86	20	of	of	ADP
cblr-7157	86	21	contracts	contract	NOUN
cblr-7157	86	22	model	model	NOUN
cblr-7157	86	23	fails	fail	VERB
cblr-7157	86	24	to	to	PART
cblr-7157	86	25	identify	identify	VERB
cblr-7157	86	26	the	the	DET
cblr-7157	86	27	boundaries	boundary	NOUN
cblr-7157	86	28	of	of	ADP
cblr-7157	86	29	corporate	corporate	ADJ
cblr-7157	86	30	law	law	NOUN
cblr-7157	86	31	.	.	PUNCT
cblr-7157	87	1	thus	thus	ADV
cblr-7157	87	2	,	,	PUNCT
cblr-7157	87	3	although	although	SCONJ
cblr-7157	87	4	the	the	DET
cblr-7157	87	5	nexus	nexus	NOUN
cblr-7157	87	6	of	of	ADP
cblr-7157	87	7	contracts	contract	NOUN
cblr-7157	87	8	theory	theory	NOUN
cblr-7157	87	9	provides	provide	VERB
cblr-7157	87	10	a	a	DET
cblr-7157	87	11	useful	useful	ADJ
cblr-7157	87	12	foundation	foundation	NOUN
cblr-7157	87	13	in	in	ADP
cblr-7157	87	14	explicating	explicate	VERB
cblr-7157	87	15	the	the	DET
cblr-7157	87	16	economic	economic	ADJ
cblr-7157	87	17	theory	theory	NOUN
cblr-7157	87	18	of	of	ADP
cblr-7157	87	19	the	the	DET
cblr-7157	87	20	firm	firm	NOUN
cblr-7157	87	21	,	,	PUNCT
cblr-7157	87	22	it	it	PRON
cblr-7157	87	23	either	either	CCONJ
cblr-7157	87	24	contradicts	contradict	VERB
cblr-7157	87	25	or	or	CCONJ
cblr-7157	87	26	fails	fail	VERB
cblr-7157	87	27	to	to	PART
cblr-7157	87	28	explain	explain	VERB
cblr-7157	87	29	most	most	ADJ
cblr-7157	87	30	of	of	ADP
cblr-7157	87	31	the	the	DET
cblr-7157	87	32	important	important	ADJ
cblr-7157	87	33	features	feature	NOUN
cblr-7157	87	34	of	of	ADP
cblr-7157	87	35	corporate	corporate	ADJ
cblr-7157	87	36	law	law	NOUN
cblr-7157	87	37	.	.	PUNCT
cblr-7157	88	1	the	the	DET
cblr-7157	88	2	model	model	NOUN
cblr-7157	88	3	therefore	therefore	ADV
cblr-7157	88	4	provides	provide	VERB
cblr-7157	88	5	little	little	ADJ
cblr-7157	88	6	new	new	ADJ
cblr-7157	88	7	13	13	NUM
cblr-7157	88	8	see	see	NOUN
cblr-7157	88	9	infra	infra	NOUN
cblr-7157	88	10	section	section	NOUN
cblr-7157	88	11	ii.b	ii.b	NOUN
cblr-7157	88	12	.	.	PUNCT
cblr-7157	89	1	14	14	NUM
cblr-7157	89	2	see	see	VERB
cblr-7157	89	3	,	,	PUNCT
cblr-7157	89	4	e.g.	e.g.	ADV
cblr-7157	89	5	,	,	PUNCT
cblr-7157	89	6	marc	marc	PROPN
cblr-7157	89	7	t.	t.	PROPN
cblr-7157	89	8	moore	moore	PROPN
cblr-7157	89	9	,	,	PUNCT
cblr-7157	89	10	corporate	corporate	ADJ
cblr-7157	89	11	governance	governance	NOUN
cblr-7157	89	12	in	in	ADP
cblr-7157	89	13	the	the	DET
cblr-7157	89	14	shadow	shadow	NOUN
cblr-7157	89	15	of	of	ADP
cblr-7157	89	16	the	the	DET
cblr-7157	89	17	state	state	NOUN
cblr-7157	89	18	4–6	4–6	PROPN
cblr-7157	89	19	(	(	PUNCT
cblr-7157	89	20	2013	2013	NUM
cblr-7157	89	21	)	)	PUNCT
cblr-7157	89	22	(	(	PUNCT
cblr-7157	89	23	describing	describe	VERB
cblr-7157	89	24	weaknesses	weakness	NOUN
cblr-7157	89	25	of	of	ADP
cblr-7157	89	26	the	the	DET
cblr-7157	89	27	contractarian	contractarian	ADJ
cblr-7157	89	28	account	account	NOUN
cblr-7157	89	29	of	of	ADP
cblr-7157	89	30	mandatory	mandatory	ADJ
cblr-7157	89	31	rules	rule	NOUN
cblr-7157	89	32	in	in	ADP
cblr-7157	89	33	corporate	corporate	ADJ
cblr-7157	89	34	law	law	NOUN
cblr-7157	89	35	)	)	PUNCT
cblr-7157	89	36	.	.	PUNCT
cblr-7157	90	1	15	15	NUM
cblr-7157	90	2	see	see	VERB
cblr-7157	90	3	i	i	PRON
cblr-7157	90	4	d.	d.	PROPN
cblr-7157	90	5	at	at	ADP
cblr-7157	90	6	219–23	219–23	PROPN
cblr-7157	90	7	(	(	PUNCT
cblr-7157	90	8	describing	describe	VERB
cblr-7157	90	9	the	the	DET
cblr-7157	90	10	fiduciary	fiduciary	ADJ
cblr-7157	90	11	principle	principle	NOUN
cblr-7157	90	12	as	as	ADP
cblr-7157	90	13	a	a	DET
cblr-7157	90	14	“	"	PUNCT
cblr-7157	90	15	gap	gap	NOUN
cblr-7157	90	16	-	-	PUNCT
cblr-7157	90	17	filling	filling	NOUN
cblr-7157	90	18	”	"	PUNCT
cblr-7157	90	19	rule	rule	NOUN
cblr-7157	90	20	)	)	PUNCT
cblr-7157	90	21	.	.	PUNCT
cblr-7157	91	1	16	16	NUM
cblr-7157	91	2	see	see	VERB
cblr-7157	91	3	hayden	hayden	PROPN
cblr-7157	91	4	&	&	CCONJ
cblr-7157	91	5	bodie	bodie	PROPN
cblr-7157	91	6	,	,	PUNCT
cblr-7157	91	7	supra	supra	PROPN
cblr-7157	91	8	note	note	NOUN
cblr-7157	91	9	3	3	NUM
cblr-7157	91	10	,	,	PUNCT
cblr-7157	91	11	at	at	ADP
cblr-7157	91	12	1127	1127	NUM
cblr-7157	91	13	.	.	PUNCT
cblr-7157	92	1	17	17	NUM
cblr-7157	92	2	see	see	VERB
cblr-7157	92	3	infra	infra	NOUN
cblr-7157	92	4	section	section	NOUN
cblr-7157	92	5	ii.c.2	ii.c.2	PROPN
cblr-7157	92	6	.	.	PUNCT
cblr-7157	93	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	93	2	(	(	PUNCT
cblr-7157	93	3	do	do	AUX
cblr-7157	93	4	not	not	PART
cblr-7157	93	5	delte	delte	VERB
cblr-7157	93	6	)	)	PUNCT
cblr-7157	93	7	10/2/2020	10/2/2020	NUM
cblr-7157	93	8	11:44	11:44	NUM
cblr-7157	93	9	am	am	NOUN
cblr-7157	93	10	8	8	NUM
cblr-7157	93	11	columbia	columbia	PROPN
cblr-7157	93	12	business	business	NOUN
cblr-7157	93	13	law	law	PROPN
cblr-7157	93	14	review	review	NOUN
cblr-7157	94	1	[	[	X
cblr-7157	94	2	vol	vol	NOUN
cblr-7157	94	3	.	.	PUNCT
cblr-7157	94	4	2020	2020	NUM
cblr-7157	94	5	content	content	NOUN
cblr-7157	94	6	for	for	ADP
cblr-7157	94	7	corporate	corporate	ADJ
cblr-7157	94	8	law	law	NOUN
cblr-7157	94	9	,	,	PUNCT
cblr-7157	94	10	straining	strain	VERB
cblr-7157	94	11	even	even	ADV
cblr-7157	94	12	to	to	PART
cblr-7157	94	13	explain	explain	VERB
cblr-7157	94	14	the	the	DET
cblr-7157	94	15	most	most	ADV
cblr-7157	94	16	basic	basic	ADJ
cblr-7157	94	17	existing	exist	VERB
cblr-7157	94	18	features	feature	NOUN
cblr-7157	94	19	of	of	ADP
cblr-7157	94	20	the	the	DET
cblr-7157	94	21	law	law	NOUN
cblr-7157	94	22	.	.	PUNCT
cblr-7157	95	1	this	this	DET
cblr-7157	95	2	article	article	NOUN
cblr-7157	95	3	develops	develop	VERB
cblr-7157	95	4	an	an	DET
cblr-7157	95	5	explicitly	explicitly	ADV
cblr-7157	95	6	legal	legal	ADJ
cblr-7157	95	7	theory	theory	NOUN
cblr-7157	95	8	of	of	ADP
cblr-7157	95	9	the	the	DET
cblr-7157	95	10	corporation	corporation	NOUN
cblr-7157	95	11	based	base	VERB
cblr-7157	95	12	upon	upon	SCONJ
cblr-7157	95	13	property	property	NOUN
cblr-7157	95	14	law	law	NOUN
cblr-7157	95	15	,	,	PUNCT
cblr-7157	95	16	not	not	PART
cblr-7157	95	17	contract	contract	NOUN
cblr-7157	95	18	law	law	NOUN
cblr-7157	95	19	—	—	PUNCT
cblr-7157	95	20	a	a	DET
cblr-7157	95	21	“	"	PUNCT
cblr-7157	95	22	property	property	NOUN
cblr-7157	95	23	theory	theory	NOUN
cblr-7157	95	24	of	of	ADP
cblr-7157	95	25	corporate	corporate	ADJ
cblr-7157	95	26	law	law	NOUN
cblr-7157	95	27	.	.	PUNCT
cblr-7157	95	28	”	"	PUNCT
cblr-7157	96	1	this	this	DET
cblr-7157	96	2	article	article	NOUN
cblr-7157	96	3	augments	augment	VERB
cblr-7157	96	4	the	the	DET
cblr-7157	96	5	contractual	contractual	ADJ
cblr-7157	96	6	theory	theory	NOUN
cblr-7157	96	7	of	of	ADP
cblr-7157	96	8	the	the	DET
cblr-7157	96	9	firm	firm	NOUN
cblr-7157	96	10	by	by	ADP
cblr-7157	96	11	identifying	identify	VERB
cblr-7157	96	12	the	the	DET
cblr-7157	96	13	proprietary	proprietary	ADJ
cblr-7157	96	14	features	feature	NOUN
cblr-7157	96	15	that	that	PRON
cblr-7157	96	16	demarcate	demarcate	VERB
cblr-7157	96	17	certain	certain	ADJ
cblr-7157	96	18	distinctively	distinctively	ADV
cblr-7157	96	19	corporate	corporate	ADJ
cblr-7157	96	20	law	law	NOUN
cblr-7157	96	21	concepts	concept	NOUN
cblr-7157	96	22	from	from	ADP
cblr-7157	96	23	its	its	PRON
cblr-7157	96	24	other	other	ADJ
cblr-7157	96	25	contractual	contractual	ADJ
cblr-7157	96	26	features	feature	NOUN
cblr-7157	96	27	.	.	PUNCT
cblr-7157	97	1	the	the	DET
cblr-7157	97	2	property	property	NOUN
cblr-7157	97	3	theory	theory	NOUN
cblr-7157	97	4	argues	argue	VERB
cblr-7157	97	5	that	that	SCONJ
cblr-7157	97	6	there	there	PRON
cblr-7157	97	7	are	be	VERB
cblr-7157	97	8	legal	legal	ADJ
cblr-7157	97	9	boundaries	boundary	NOUN
cblr-7157	97	10	of	of	ADP
cblr-7157	97	11	the	the	DET
cblr-7157	97	12	corporation	corporation	NOUN
cblr-7157	97	13	,	,	PUNCT
cblr-7157	97	14	and	and	CCONJ
cblr-7157	97	15	that	that	SCONJ
cblr-7157	97	16	those	those	DET
cblr-7157	97	17	boundaries	boundary	NOUN
cblr-7157	97	18	largely	largely	ADV
cblr-7157	97	19	follow	follow	VERB
cblr-7157	97	20	the	the	DET
cblr-7157	97	21	contract	contract	NOUN
cblr-7157	97	22	-	-	PUNCT
cblr-7157	97	23	property	property	NOUN
cblr-7157	97	24	divide	divide	NOUN
cblr-7157	97	25	.	.	PUNCT
cblr-7157	98	1	the	the	DET
cblr-7157	98	2	corporation	corporation	NOUN
cblr-7157	98	3	is	be	AUX
cblr-7157	98	4	a	a	DET
cblr-7157	98	5	nexus	nexus	NOUN
cblr-7157	98	6	of	of	ADP
cblr-7157	98	7	contractual	contractual	ADJ
cblr-7157	98	8	and	and	CCONJ
cblr-7157	98	9	proprietary	proprietary	ADJ
cblr-7157	98	10	interests	interest	NOUN
cblr-7157	98	11	,	,	PUNCT
cblr-7157	98	12	and	and	CCONJ
cblr-7157	98	13	the	the	DET
cblr-7157	98	14	distinctive	distinctive	ADJ
cblr-7157	98	15	aspects	aspect	NOUN
cblr-7157	98	16	of	of	ADP
cblr-7157	98	17	default	default	NOUN
cblr-7157	98	18	and	and	CCONJ
cblr-7157	98	19	mandatory	mandatory	ADJ
cblr-7157	98	20	corporate	corporate	ADJ
cblr-7157	98	21	law	law	NOUN
cblr-7157	98	22	—	—	PUNCT
cblr-7157	98	23	fiduciary	fiduciary	ADJ
cblr-7157	98	24	duty	duty	NOUN
cblr-7157	98	25	,	,	PUNCT
cblr-7157	98	26	voting	voting	NOUN
cblr-7157	98	27	,	,	PUNCT
cblr-7157	98	28	limited	limited	ADJ
cblr-7157	98	29	liability	liability	NOUN
cblr-7157	98	30	,	,	PUNCT
cblr-7157	98	31	perpetual	perpetual	ADJ
cblr-7157	98	32	existence	existence	NOUN
cblr-7157	98	33	,	,	PUNCT
cblr-7157	98	34	transferable	transferable	ADJ
cblr-7157	98	35	shares	share	NOUN
cblr-7157	98	36	—	—	PUNCT
cblr-7157	98	37	concern	concern	NOUN
cblr-7157	98	38	the	the	DET
cblr-7157	98	39	proprietary	proprietary	ADJ
cblr-7157	98	40	portion	portion	NOUN
cblr-7157	98	41	of	of	ADP
cblr-7157	98	42	the	the	DET
cblr-7157	98	43	corporation	corporation	NOUN
cblr-7157	98	44	.	.	PUNCT
cblr-7157	99	1	in	in	ADP
cblr-7157	99	2	the	the	DET
cblr-7157	99	3	property	property	NOUN
cblr-7157	99	4	theory	theory	NOUN
cblr-7157	99	5	,	,	PUNCT
cblr-7157	99	6	the	the	DET
cblr-7157	99	7	relevant	relevant	ADJ
cblr-7157	99	8	residual	residual	ADJ
cblr-7157	99	9	claims	claim	NOUN
cblr-7157	99	10	on	on	ADP
cblr-7157	99	11	the	the	DET
cblr-7157	99	12	corporation	corporation	NOUN
cblr-7157	99	13	are	be	AUX
cblr-7157	99	14	the	the	DET
cblr-7157	99	15	voting	voting	NOUN
cblr-7157	99	16	rights	right	NOUN
cblr-7157	99	17	in	in	ADP
cblr-7157	99	18	the	the	DET
cblr-7157	99	19	firm	firm	NOUN
cblr-7157	99	20	protected	protect	VERB
cblr-7157	99	21	by	by	ADP
cblr-7157	99	22	default	default	NOUN
cblr-7157	99	23	rules	rule	NOUN
cblr-7157	99	24	and	and	CCONJ
cblr-7157	99	25	fiduciary	fiduciary	ADJ
cblr-7157	99	26	duties	duty	NOUN
cblr-7157	99	27	.	.	PUNCT
cblr-7157	100	1	other	other	ADJ
cblr-7157	100	2	interests	interest	NOUN
cblr-7157	100	3	in	in	ADP
cblr-7157	100	4	the	the	DET
cblr-7157	100	5	firm	firm	NOUN
cblr-7157	100	6	,	,	PUNCT
cblr-7157	100	7	those	those	PRON
cblr-7157	100	8	of	of	ADP
cblr-7157	100	9	creditors	creditor	NOUN
cblr-7157	100	10	,	,	PUNCT
cblr-7157	100	11	employees	employee	NOUN
cblr-7157	100	12	,	,	PUNCT
cblr-7157	100	13	suppliers	supplier	NOUN
cblr-7157	100	14	,	,	PUNCT
cblr-7157	100	15	customers	customer	NOUN
cblr-7157	100	16	,	,	PUNCT
cblr-7157	100	17	and	and	CCONJ
cblr-7157	100	18	even	even	ADV
cblr-7157	100	19	most	most	ADV
cblr-7157	100	20	preferred	preferred	ADJ
cblr-7157	100	21	stock	stock	NOUN
cblr-7157	100	22	rights	right	NOUN
cblr-7157	100	23	,	,	PUNCT
cblr-7157	100	24	are	be	AUX
cblr-7157	100	25	contractual	contractual	ADJ
cblr-7157	100	26	and	and	CCONJ
cblr-7157	100	27	protected	protect	VERB
cblr-7157	100	28	by	by	ADP
cblr-7157	100	29	explicit	explicit	ADJ
cblr-7157	100	30	terms	term	NOUN
cblr-7157	100	31	and	and	CCONJ
cblr-7157	100	32	the	the	DET
cblr-7157	100	33	duty	duty	NOUN
cblr-7157	100	34	of	of	ADP
cblr-7157	100	35	good	good	ADJ
cblr-7157	100	36	faith	faith	NOUN
cblr-7157	100	37	.	.	PUNCT
cblr-7157	101	1	the	the	DET
cblr-7157	101	2	property	property	NOUN
cblr-7157	101	3	theory	theory	NOUN
cblr-7157	101	4	of	of	ADP
cblr-7157	101	5	corporate	corporate	ADJ
cblr-7157	101	6	law	law	NOUN
cblr-7157	101	7	does	do	AUX
cblr-7157	101	8	not	not	PART
cblr-7157	101	9	imply	imply	VERB
cblr-7157	101	10	that	that	SCONJ
cblr-7157	101	11	all	all	DET
cblr-7157	101	12	claims	claim	NOUN
cblr-7157	101	13	traditionally	traditionally	ADV
cblr-7157	101	14	thought	think	VERB
cblr-7157	101	15	of	of	ADP
cblr-7157	101	16	as	as	ADP
cblr-7157	101	17	“	"	PUNCT
cblr-7157	101	18	corporate	corporate	ADJ
cblr-7157	101	19	law	law	NOUN
cblr-7157	101	20	”	"	PUNCT
cblr-7157	101	21	arise	arise	NOUN
cblr-7157	101	22	from	from	ADP
cblr-7157	101	23	property	property	NOUN
cblr-7157	101	24	rather	rather	ADV
cblr-7157	101	25	than	than	ADP
cblr-7157	101	26	contract	contract	NOUN
cblr-7157	101	27	.	.	PUNCT
cblr-7157	102	1	shareholders	shareholder	NOUN
cblr-7157	102	2	,	,	PUNCT
cblr-7157	102	3	like	like	ADP
cblr-7157	102	4	other	other	ADJ
cblr-7157	102	5	stakeholders	stakeholder	NOUN
cblr-7157	102	6	,	,	PUNCT
cblr-7157	102	7	can	can	AUX
cblr-7157	102	8	contract	contract	VERB
cblr-7157	102	9	with	with	ADP
cblr-7157	102	10	the	the	DET
cblr-7157	102	11	firm	firm	NOUN
cblr-7157	102	12	and	and	CCONJ
cblr-7157	102	13	with	with	ADP
cblr-7157	102	14	other	other	ADJ
cblr-7157	102	15	constituents	constituent	NOUN
cblr-7157	102	16	,	,	PUNCT
cblr-7157	102	17	and	and	CCONJ
cblr-7157	102	18	these	these	DET
cblr-7157	102	19	claims	claim	NOUN
cblr-7157	102	20	are	be	AUX
cblr-7157	102	21	like	like	ADP
cblr-7157	102	22	any	any	DET
cblr-7157	102	23	other	other	ADJ
cblr-7157	102	24	contract	contract	NOUN
cblr-7157	102	25	with	with	ADP
cblr-7157	102	26	the	the	DET
cblr-7157	102	27	corporation	corporation	NOUN
cblr-7157	102	28	.	.	PUNCT
cblr-7157	103	1	rather	rather	ADV
cblr-7157	103	2	,	,	PUNCT
cblr-7157	103	3	the	the	DET
cblr-7157	103	4	property	property	NOUN
cblr-7157	103	5	interests	interest	NOUN
cblr-7157	103	6	in	in	ADP
cblr-7157	103	7	the	the	DET
cblr-7157	103	8	corporation	corporation	NOUN
cblr-7157	103	9	are	be	AUX
cblr-7157	103	10	the	the	DET
cblr-7157	103	11	residual	residual	ADJ
cblr-7157	103	12	governance	governance	NOUN
cblr-7157	103	13	rights	right	NOUN
cblr-7157	103	14	that	that	PRON
cblr-7157	103	15	arise	arise	VERB
cblr-7157	103	16	in	in	ADP
cblr-7157	103	17	the	the	DET
cblr-7157	103	18	common	common	ADJ
cblr-7157	103	19	stock	stock	NOUN
cblr-7157	103	20	directly	directly	ADV
cblr-7157	103	21	from	from	ADP
cblr-7157	103	22	the	the	DET
cblr-7157	103	23	relevant	relevant	ADJ
cblr-7157	103	24	corporation	corporation	NOUN
cblr-7157	103	25	statute	statute	NOUN
cblr-7157	103	26	—	—	PUNCT
cblr-7157	103	27	especially	especially	ADV
cblr-7157	103	28	(	(	PUNCT
cblr-7157	103	29	but	but	CCONJ
cblr-7157	103	30	not	not	PART
cblr-7157	103	31	uniquely	uniquely	ADV
cblr-7157	103	32	)	)	PUNCT
cblr-7157	103	33	the	the	DET
cblr-7157	103	34	plenary	plenary	ADJ
cblr-7157	103	35	and	and	CCONJ
cblr-7157	103	36	residual	residual	ADJ
cblr-7157	103	37	voting	voting	NOUN
cblr-7157	103	38	rights	right	NOUN
cblr-7157	103	39	.	.	PUNCT
cblr-7157	104	1	as	as	ADP
cblr-7157	104	2	a	a	DET
cblr-7157	104	3	result	result	NOUN
cblr-7157	104	4	,	,	PUNCT
cblr-7157	104	5	the	the	DET
cblr-7157	104	6	contractual	contractual	ADJ
cblr-7157	104	7	aspects	aspect	NOUN
cblr-7157	104	8	of	of	ADP
cblr-7157	104	9	shareholders	shareholder	NOUN
cblr-7157	104	10	’	'	PUNCT
cblr-7157	104	11	claims	claim	NOUN
cblr-7157	104	12	on	on	ADP
cblr-7157	104	13	the	the	DET
cblr-7157	104	14	corporation	corporation	NOUN
cblr-7157	104	15	are	be	AUX
cblr-7157	104	16	those	those	PRON
cblr-7157	104	17	that	that	PRON
cblr-7157	104	18	go	go	VERB
cblr-7157	104	19	beyond	beyond	ADP
cblr-7157	104	20	the	the	DET
cblr-7157	104	21	default	default	NOUN
cblr-7157	104	22	rules	rule	NOUN
cblr-7157	104	23	of	of	ADP
cblr-7157	104	24	the	the	DET
cblr-7157	104	25	corporation	corporation	NOUN
cblr-7157	104	26	statute	statute	NOUN
cblr-7157	104	27	.	.	PUNCT
cblr-7157	105	1	notably	notably	ADV
cblr-7157	105	2	,	,	PUNCT
cblr-7157	105	3	many	many	ADJ
cblr-7157	105	4	of	of	ADP
cblr-7157	105	5	the	the	DET
cblr-7157	105	6	contract	contract	NOUN
cblr-7157	105	7	rights	right	NOUN
cblr-7157	105	8	of	of	ADP
cblr-7157	105	9	preferred	preferred	ADJ
cblr-7157	105	10	shareholders	shareholder	NOUN
cblr-7157	105	11	fall	fall	VERB
cblr-7157	105	12	in	in	ADP
cblr-7157	105	13	this	this	DET
cblr-7157	105	14	category	category	NOUN
cblr-7157	105	15	,	,	PUNCT
cblr-7157	105	16	because	because	SCONJ
cblr-7157	105	17	preferred	preferred	ADJ
cblr-7157	105	18	stock	stock	NOUN
cblr-7157	105	19	,	,	PUNCT
cblr-7157	105	20	by	by	ADP
cblr-7157	105	21	its	its	PRON
cblr-7157	105	22	nature	nature	NOUN
cblr-7157	105	23	,	,	PUNCT
cblr-7157	105	24	contains	contain	VERB
cblr-7157	105	25	rights	right	NOUN
cblr-7157	105	26	granted	grant	VERB
cblr-7157	105	27	by	by	ADP
cblr-7157	105	28	the	the	DET
cblr-7157	105	29	corporation	corporation	NOUN
cblr-7157	105	30	’s	’s	PART
cblr-7157	105	31	charter	charter	NOUN
cblr-7157	105	32	,	,	PUNCT
cblr-7157	105	33	not	not	PART
cblr-7157	105	34	by	by	ADP
cblr-7157	105	35	the	the	DET
cblr-7157	105	36	default	default	NOUN
cblr-7157	105	37	rules	rule	NOUN
cblr-7157	105	38	of	of	ADP
cblr-7157	105	39	corporate	corporate	ADJ
cblr-7157	105	40	law.18	law.18	NOUN
cblr-7157	105	41	but	but	CCONJ
cblr-7157	105	42	the	the	DET
cblr-7157	105	43	core	core	ADJ
cblr-7157	105	44	principles	principle	NOUN
cblr-7157	105	45	of	of	ADP
cblr-7157	105	46	corporate	corporate	ADJ
cblr-7157	105	47	law	law	NOUN
cblr-7157	105	48	that	that	PRON
cblr-7157	105	49	derive	derive	VERB
cblr-7157	105	50	18	18	NUM
cblr-7157	105	51	see	see	NOUN
cblr-7157	105	52	,	,	PUNCT
cblr-7157	105	53	e.g.	e.g.	ADV
cblr-7157	105	54	,	,	PUNCT
cblr-7157	105	55	in	in	ADP
cblr-7157	105	56	re	re	PROPN
cblr-7157	105	57	sunstates	sunstates	PROPN
cblr-7157	105	58	corp	corp	PROPN
cblr-7157	105	59	.	.	PROPN
cblr-7157	105	60	s'holder	s'holder	PROPN
cblr-7157	105	61	litig	litig	PROPN
cblr-7157	105	62	.	.	PUNCT
cblr-7157	106	1	,	,	PUNCT
cblr-7157	106	2	788	788	NUM
cblr-7157	106	3	a.2d	a.2d	SYM
cblr-7157	106	4	530	530	NUM
cblr-7157	106	5	,	,	PUNCT
cblr-7157	106	6	533	533	NUM
cblr-7157	106	7	(	(	PUNCT
cblr-7157	106	8	del	del	PROPN
cblr-7157	106	9	.	.	PROPN
cblr-7157	106	10	ch	ch	PROPN
cblr-7157	106	11	.	.	PROPN
cblr-7157	106	12	2001	2001	NUM
cblr-7157	106	13	)	)	PUNCT
cblr-7157	106	14	(	(	PUNCT
cblr-7157	106	15	“	"	PUNCT
cblr-7157	106	16	thus	thus	ADV
cblr-7157	106	17	,	,	PUNCT
cblr-7157	106	18	the	the	DET
cblr-7157	106	19	law	law	NOUN
cblr-7157	106	20	recognizes	recognize	VERB
cblr-7157	106	21	that	that	SCONJ
cblr-7157	106	22	the	the	DET
cblr-7157	106	23	existence	existence	NOUN
cblr-7157	106	24	and	and	CCONJ
cblr-7157	106	25	extent	extent	NOUN
cblr-7157	106	26	of	of	ADP
cblr-7157	106	27	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	106	28	(	(	PUNCT
cblr-7157	106	29	do	do	AUX
cblr-7157	106	30	not	not	PART
cblr-7157	106	31	delete	delete	VERB
cblr-7157	106	32	)	)	PUNCT
cblr-7157	106	33	10/2/2020	10/2/2020	NUM
cblr-7157	106	34	11:44	11:44	NUM
cblr-7157	106	35	am	be	AUX
cblr-7157	106	36	no	no	NOUN
cblr-7157	106	37	.	.	PUNCT
cblr-7157	106	38	1:1	1:1	NUM
cblr-7157	106	39	]	]	X
cblr-7157	106	40	a	a	DET
cblr-7157	106	41	property	property	NOUN
cblr-7157	106	42	theory	theory	NOUN
cblr-7157	106	43	9	9	NUM
cblr-7157	106	44	either	either	CCONJ
cblr-7157	106	45	from	from	ADP
cblr-7157	106	46	the	the	DET
cblr-7157	106	47	default	default	NOUN
cblr-7157	106	48	or	or	CCONJ
cblr-7157	106	49	mandatory	mandatory	ADJ
cblr-7157	106	50	rules	rule	NOUN
cblr-7157	106	51	of	of	ADP
cblr-7157	106	52	corporations	corporation	NOUN
cblr-7157	106	53	’	'	PUNCT
cblr-7157	106	54	statutes	statute	NOUN
cblr-7157	106	55	are	be	AUX
cblr-7157	106	56	more	more	ADV
cblr-7157	106	57	properly	properly	ADV
cblr-7157	106	58	regarded	regard	VERB
cblr-7157	106	59	as	as	ADP
cblr-7157	106	60	property	property	NOUN
cblr-7157	106	61	rights	right	NOUN
cblr-7157	106	62	.	.	PUNCT
cblr-7157	107	1	this	this	DET
cblr-7157	107	2	article	article	NOUN
cblr-7157	107	3	builds	build	VERB
cblr-7157	107	4	up	up	ADP
cblr-7157	107	5	the	the	DET
cblr-7157	107	6	property	property	NOUN
cblr-7157	107	7	theory	theory	NOUN
cblr-7157	107	8	of	of	ADP
cblr-7157	107	9	corporate	corporate	ADJ
cblr-7157	107	10	law	law	NOUN
cblr-7157	107	11	by	by	ADP
cblr-7157	107	12	applying	apply	VERB
cblr-7157	107	13	a	a	DET
cblr-7157	107	14	coasean	coasean	ADJ
cblr-7157	107	15	approach	approach	NOUN
cblr-7157	107	16	to	to	ADP
cblr-7157	107	17	the	the	DET
cblr-7157	107	18	legal	legal	ADJ
cblr-7157	107	19	structure	structure	NOUN
cblr-7157	107	20	of	of	ADP
cblr-7157	107	21	the	the	DET
cblr-7157	107	22	firm.19	firm.19	NOUN
cblr-7157	107	23	whereas	whereas	SCONJ
cblr-7157	107	24	coase	coase	PROPN
cblr-7157	107	25	asked	ask	VERB
cblr-7157	107	26	why	why	SCONJ
cblr-7157	107	27	transactions	transaction	NOUN
cblr-7157	107	28	are	be	AUX
cblr-7157	107	29	organized	organize	VERB
cblr-7157	107	30	for	for	ADP
cblr-7157	107	31	economic	economic	ADJ
cblr-7157	107	32	purposes	purpose	NOUN
cblr-7157	107	33	in	in	ADP
cblr-7157	107	34	firms	firm	NOUN
cblr-7157	107	35	(	(	PUNCT
cblr-7157	107	36	fiat	fiat	NOUN
cblr-7157	107	37	or	or	CCONJ
cblr-7157	107	38	hierarchy	hierarchy	NOUN
cblr-7157	107	39	)	)	PUNCT
cblr-7157	107	40	rather	rather	ADV
cblr-7157	107	41	than	than	ADP
cblr-7157	107	42	in	in	ADP
cblr-7157	107	43	markets	market	NOUN
cblr-7157	107	44	(	(	PUNCT
cblr-7157	107	45	arm	arm	VERB
cblr-7157	107	46	’s	’s	PART
cblr-7157	107	47	length	length	NOUN
cblr-7157	107	48	contracting	contracting	NOUN
cblr-7157	107	49	)	)	PUNCT
cblr-7157	107	50	,	,	PUNCT
cblr-7157	107	51	this	this	DET
cblr-7157	107	52	article	article	NOUN
cblr-7157	107	53	asks	ask	VERB
cblr-7157	107	54	why	why	SCONJ
cblr-7157	107	55	transactions	transaction	NOUN
cblr-7157	107	56	are	be	AUX
cblr-7157	107	57	organized	organize	VERB
cblr-7157	107	58	for	for	ADP
cblr-7157	107	59	legal	legal	ADJ
cblr-7157	107	60	purposes	purpose	NOUN
cblr-7157	107	61	in	in	ADP
cblr-7157	107	62	corporations	corporation	NOUN
cblr-7157	107	63	.	.	PUNCT
cblr-7157	108	1	why	why	SCONJ
cblr-7157	108	2	are	be	AUX
cblr-7157	108	3	there	there	PRON
cblr-7157	108	4	corporations	corporation	NOUN
cblr-7157	108	5	with	with	ADP
cblr-7157	108	6	shares	share	NOUN
cblr-7157	108	7	and	and	CCONJ
cblr-7157	108	8	shareholders	shareholder	NOUN
cblr-7157	108	9	,	,	PUNCT
cblr-7157	108	10	as	as	SCONJ
cblr-7157	108	11	opposed	oppose	VERB
cblr-7157	108	12	to	to	PART
cblr-7157	108	13	direct	direct	VERB
cblr-7157	108	14	ownership	ownership	NOUN
cblr-7157	108	15	of	of	ADP
cblr-7157	108	16	business	business	NOUN
cblr-7157	108	17	assets	asset	NOUN
cblr-7157	108	18	with	with	ADP
cblr-7157	108	19	contracts	contract	NOUN
cblr-7157	108	20	among	among	ADP
cblr-7157	108	21	the	the	DET
cblr-7157	108	22	owners	owner	NOUN
cblr-7157	108	23	?	?	PUNCT
cblr-7157	109	1	as	as	SCONJ
cblr-7157	109	2	will	will	AUX
cblr-7157	109	3	be	be	AUX
cblr-7157	109	4	shown	show	VERB
cblr-7157	109	5	,	,	PUNCT
cblr-7157	109	6	the	the	DET
cblr-7157	109	7	traditional	traditional	ADJ
cblr-7157	109	8	contractarian	contractarian	ADJ
cblr-7157	109	9	answer	answer	NOUN
cblr-7157	109	10	—	—	PUNCT
cblr-7157	109	11	emphasizing	emphasize	VERB
cblr-7157	109	12	the	the	DET
cblr-7157	109	13	residual	residual	ADJ
cblr-7157	109	14	risk	risk	NOUN
cblr-7157	109	15	bearing	bear	VERB
cblr-7157	109	16	function	function	NOUN
cblr-7157	109	17	of	of	ADP
cblr-7157	109	18	corporate	corporate	ADJ
cblr-7157	109	19	shareholders	shareholder	NOUN
cblr-7157	109	20	—	—	PUNCT
cblr-7157	109	21	falls	fall	VERB
cblr-7157	109	22	short	short	ADJ
cblr-7157	109	23	,	,	PUNCT
cblr-7157	109	24	as	as	SCONJ
cblr-7157	109	25	risk	risk	NOUN
cblr-7157	109	26	allocation	allocation	NOUN
cblr-7157	109	27	could	could	AUX
cblr-7157	109	28	be	be	AUX
cblr-7157	109	29	accomplished	accomplish	VERB
cblr-7157	109	30	using	use	VERB
cblr-7157	109	31	other	other	ADJ
cblr-7157	109	32	legal	legal	ADJ
cblr-7157	109	33	structures	structure	NOUN
cblr-7157	109	34	.	.	PUNCT
cblr-7157	110	1	the	the	DET
cblr-7157	110	2	features	feature	NOUN
cblr-7157	110	3	of	of	ADP
cblr-7157	110	4	the	the	DET
cblr-7157	110	5	corporation	corporation	NOUN
cblr-7157	110	6	that	that	PRON
cblr-7157	110	7	can	can	AUX
cblr-7157	110	8	not	not	PART
cblr-7157	110	9	be	be	AUX
cblr-7157	110	10	replicated	replicate	VERB
cblr-7157	110	11	by	by	ADP
cblr-7157	110	12	contract	contract	NOUN
cblr-7157	110	13	law	law	NOUN
cblr-7157	110	14	—	—	PUNCT
cblr-7157	110	15	the	the	DET
cblr-7157	110	16	“	"	PUNCT
cblr-7157	110	17	in	in	ADP
cblr-7157	110	18	rem	rem	NOUN
cblr-7157	110	19	-	-	NOUN
cblr-7157	110	20	ification	ification	NOUN
cblr-7157	110	21	”	"	PUNCT
cblr-7157	110	22	of	of	ADP
cblr-7157	110	23	the	the	DET
cblr-7157	110	24	business	business	NOUN
cblr-7157	110	25	relationships	relationship	NOUN
cblr-7157	110	26	of	of	ADP
cblr-7157	110	27	the	the	DET
cblr-7157	110	28	company	company	NOUN
cblr-7157	110	29	—	—	PUNCT
cblr-7157	110	30	are	be	AUX
cblr-7157	110	31	those	those	PRON
cblr-7157	110	32	that	that	PRON
cblr-7157	110	33	constitute	constitute	VERB
cblr-7157	110	34	the	the	DET
cblr-7157	110	35	core	core	NOUN
cblr-7157	110	36	of	of	ADP
cblr-7157	110	37	corporate	corporate	ADJ
cblr-7157	110	38	law	law	NOUN
cblr-7157	110	39	.	.	PUNCT
cblr-7157	111	1	this	this	PRON
cblr-7157	111	2	is	be	AUX
cblr-7157	111	3	the	the	DET
cblr-7157	111	4	extension	extension	NOUN
cblr-7157	111	5	and	and	CCONJ
cblr-7157	111	6	generalization	generalization	NOUN
cblr-7157	111	7	of	of	ADP
cblr-7157	111	8	a	a	DET
cblr-7157	111	9	series	series	NOUN
cblr-7157	111	10	of	of	ADP
cblr-7157	111	11	articles	article	NOUN
cblr-7157	111	12	recognizing	recognize	VERB
cblr-7157	111	13	the	the	DET
cblr-7157	111	14	in	in	ADP
cblr-7157	111	15	rem	rem	NOUN
cblr-7157	111	16	or	or	CCONJ
cblr-7157	111	17	property	property	NOUN
cblr-7157	111	18	elements	element	NOUN
cblr-7157	111	19	of	of	ADP
cblr-7157	111	20	various	various	ADJ
cblr-7157	111	21	aspects	aspect	NOUN
cblr-7157	111	22	of	of	ADP
cblr-7157	111	23	organizational	organizational	ADJ
cblr-7157	111	24	law.20	law.20	NOUN
cblr-7157	111	25	this	this	DET
cblr-7157	111	26	article	article	NOUN
cblr-7157	111	27	proceeds	proceed	VERB
cblr-7157	111	28	in	in	ADP
cblr-7157	111	29	part	part	NOUN
cblr-7157	111	30	ii	ii	NOUN
cblr-7157	111	31	by	by	ADP
cblr-7157	111	32	laying	lay	VERB
cblr-7157	111	33	out	out	ADP
cblr-7157	111	34	the	the	DET
cblr-7157	111	35	theory	theory	NOUN
cblr-7157	111	36	of	of	ADP
cblr-7157	111	37	the	the	DET
cblr-7157	111	38	firm	firm	NOUN
cblr-7157	111	39	as	as	ADP
cblr-7157	111	40	the	the	DET
cblr-7157	111	41	background	background	NOUN
cblr-7157	111	42	of	of	ADP
cblr-7157	111	43	the	the	DET
cblr-7157	111	44	contractarian	contractarian	ADJ
cblr-7157	111	45	perspective	perspective	NOUN
cblr-7157	111	46	and	and	CCONJ
cblr-7157	111	47	its	its	PRON
cblr-7157	111	48	influence	influence	NOUN
cblr-7157	111	49	on	on	ADP
cblr-7157	111	50	the	the	DET
cblr-7157	111	51	legal	legal	ADJ
cblr-7157	111	52	theory	theory	NOUN
cblr-7157	111	53	of	of	ADP
cblr-7157	111	54	the	the	DET
cblr-7157	111	55	corporation	corporation	NOUN
cblr-7157	111	56	.	.	PUNCT
cblr-7157	112	1	part	part	NOUN
cblr-7157	113	1	i	i	PRON
cblr-7157	113	2	then	then	ADV
cblr-7157	113	3	explains	explain	VERB
cblr-7157	113	4	the	the	DET
cblr-7157	113	5	difficulty	difficulty	NOUN
cblr-7157	113	6	of	of	ADP
cblr-7157	113	7	meshing	mesh	VERB
cblr-7157	113	8	a	a	DET
cblr-7157	113	9	contractual	contractual	ADJ
cblr-7157	113	10	theory	theory	NOUN
cblr-7157	113	11	with	with	ADP
cblr-7157	113	12	existing	exist	VERB
cblr-7157	113	13	legal	legal	ADJ
cblr-7157	113	14	concepts	concept	NOUN
cblr-7157	113	15	in	in	ADP
cblr-7157	113	16	corporate	corporate	ADJ
cblr-7157	113	17	law	law	NOUN
cblr-7157	113	18	.	.	PUNCT
cblr-7157	114	1	part	part	NOUN
cblr-7157	114	2	i	i	PRON
cblr-7157	114	3	concludes	conclude	VERB
cblr-7157	114	4	by	by	ADP
cblr-7157	114	5	introducing	introduce	VERB
cblr-7157	114	6	the	the	DET
cblr-7157	114	7	emerging	emerge	VERB
cblr-7157	114	8	property	property	NOUN
cblr-7157	114	9	views	view	NOUN
cblr-7157	114	10	that	that	PRON
cblr-7157	114	11	have	have	AUX
cblr-7157	114	12	challenged	challenge	VERB
cblr-7157	114	13	the	the	DET
cblr-7157	114	14	pure	pure	ADJ
cblr-7157	114	15	nexus	nexus	NOUN
cblr-7157	114	16	of	of	ADP
cblr-7157	114	17	contracts	contract	NOUN
cblr-7157	114	18	perspective	perspective	NOUN
cblr-7157	114	19	.	.	PUNCT
cblr-7157	115	1	part	part	NOUN
cblr-7157	115	2	iii	iii	PROPN
cblr-7157	115	3	is	be	AUX
cblr-7157	115	4	the	the	DET
cblr-7157	115	5	analytical	analytical	ADJ
cblr-7157	115	6	core	core	NOUN
cblr-7157	115	7	of	of	ADP
cblr-7157	115	8	the	the	DET
cblr-7157	115	9	article	article	NOUN
cblr-7157	115	10	.	.	PUNCT
cblr-7157	116	1	it	it	PRON
cblr-7157	116	2	opens	open	VERB
cblr-7157	116	3	with	with	ADP
cblr-7157	116	4	the	the	DET
cblr-7157	116	5	hypothesis	hypothesis	NOUN
cblr-7157	116	6	that	that	PRON
cblr-7157	116	7	the	the	DET
cblr-7157	116	8	corporation	corporation	NOUN
cblr-7157	116	9	actually	actually	ADV
cblr-7157	116	10	is	be	AUX
cblr-7157	116	11	more	more	ADJ
cblr-7157	116	12	than	than	ADP
cblr-7157	116	13	a	a	DET
cblr-7157	116	14	set	set	ADJ
cblr-7157	116	15	contracts	contract	NOUN
cblr-7157	116	16	(	(	PUNCT
cblr-7157	116	17	and	and	CCONJ
cblr-7157	116	18	more	more	ADJ
cblr-7157	116	19	than	than	ADP
cblr-7157	116	20	a	a	DET
cblr-7157	116	21	mere	mere	ADJ
cblr-7157	116	22	adaptation	adaptation	NOUN
cblr-7157	116	23	of	of	ADP
cblr-7157	116	24	property	property	NOUN
cblr-7157	116	25	law	law	NOUN
cblr-7157	116	26	)	)	PUNCT
cblr-7157	116	27	.	.	PUNCT
cblr-7157	117	1	instead	instead	ADV
cblr-7157	117	2	,	,	PUNCT
cblr-7157	117	3	the	the	DET
cblr-7157	117	4	corporation	corporation	NOUN
cblr-7157	117	5	is	be	AUX
cblr-7157	117	6	an	an	DET
cblr-7157	117	7	ownership	ownership	NOUN
cblr-7157	117	8	structure	structure	NOUN
cblr-7157	117	9	,	,	PUNCT
cblr-7157	117	10	a	a	DET
cblr-7157	117	11	technology	technology	NOUN
cblr-7157	117	12	for	for	ADP
cblr-7157	117	13	bundling	bundle	VERB
cblr-7157	117	14	various	various	ADJ
cblr-7157	117	15	property	property	NOUN
cblr-7157	117	16	and	and	CCONJ
cblr-7157	117	17	non	non	ADJ
cblr-7157	117	18	-	-	ADJ
cblr-7157	117	19	property	property	ADJ
cblr-7157	117	20	relationships	relationship	NOUN
cblr-7157	117	21	,	,	PUNCT
cblr-7157	117	22	stripping	strip	VERB
cblr-7157	117	23	them	they	PRON
cblr-7157	117	24	of	of	ADP
cblr-7157	117	25	cumbersome	cumbersome	ADJ
cblr-7157	117	26	in	in	ADP
cblr-7157	117	27	personam	personam	NOUN
cblr-7157	117	28	features	feature	NOUN
cblr-7157	117	29	and	and	CCONJ
cblr-7157	117	30	packaging	package	VERB
cblr-7157	117	31	them	they	PRON
cblr-7157	117	32	into	into	ADP
cblr-7157	117	33	standardized	standardized	ADJ
cblr-7157	117	34	units	unit	NOUN
cblr-7157	117	35	of	of	ADP
cblr-7157	117	36	easily	easily	ADV
cblr-7157	117	37	divisible	divisible	ADJ
cblr-7157	117	38	rights	right	NOUN
cblr-7157	117	39	of	of	ADP
cblr-7157	117	40	preferred	preferred	ADJ
cblr-7157	117	41	stock	stock	NOUN
cblr-7157	117	42	must	must	AUX
cblr-7157	117	43	be	be	AUX
cblr-7157	117	44	determined	determine	VERB
cblr-7157	117	45	by	by	ADP
cblr-7157	117	46	reference	reference	NOUN
cblr-7157	117	47	to	to	ADP
cblr-7157	117	48	the	the	DET
cblr-7157	117	49	certificate	certificate	NOUN
cblr-7157	117	50	of	of	ADP
cblr-7157	117	51	incorporation	incorporation	NOUN
cblr-7157	117	52	,	,	PUNCT
cblr-7157	117	53	those	those	DET
cblr-7157	117	54	rights	right	NOUN
cblr-7157	117	55	being	be	AUX
cblr-7157	117	56	essentially	essentially	ADV
cblr-7157	117	57	contractual	contractual	ADJ
cblr-7157	117	58	in	in	ADP
cblr-7157	117	59	nature	nature	NOUN
cblr-7157	117	60	.	.	PUNCT
cblr-7157	117	61	”	"	PUNCT
cblr-7157	117	62	)	)	PUNCT
cblr-7157	117	63	.	.	PUNCT
cblr-7157	118	1	19	19	NUM
cblr-7157	118	2	see	see	VERB
cblr-7157	118	3	r.h	r.h	PROPN
cblr-7157	118	4	.	.	PROPN
cblr-7157	118	5	coase	coase	PROPN
cblr-7157	118	6	,	,	PUNCT
cblr-7157	118	7	the	the	DET
cblr-7157	118	8	nature	nature	NOUN
cblr-7157	118	9	of	of	ADP
cblr-7157	118	10	the	the	DET
cblr-7157	118	11	firm	firm	NOUN
cblr-7157	118	12	,	,	PUNCT
cblr-7157	118	13	4	4	NUM
cblr-7157	118	14	economica	economica	PROPN
cblr-7157	118	15	386	386	NUM
cblr-7157	118	16	,	,	PUNCT
cblr-7157	118	17	390	390	NUM
cblr-7157	118	18	(	(	PUNCT
cblr-7157	118	19	1937	1937	NUM
cblr-7157	118	20	)	)	PUNCT
cblr-7157	118	21	.	.	PUNCT
cblr-7157	119	1	20	20	NUM
cblr-7157	119	2	see	see	VERB
cblr-7157	119	3	infra	infra	NOUN
cblr-7157	119	4	section	section	NOUN
cblr-7157	119	5	ii.c.1	ii.c.1	NOUN
cblr-7157	119	6	.	.	PUNCT
cblr-7157	120	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	120	2	(	(	PUNCT
cblr-7157	120	3	do	do	AUX
cblr-7157	120	4	not	not	PART
cblr-7157	120	5	delte	delte	VERB
cblr-7157	120	6	)	)	PUNCT
cblr-7157	120	7	10/2/2020	10/2/2020	NUM
cblr-7157	120	8	11:44	11:44	NUM
cblr-7157	120	9	am	am	NOUN
cblr-7157	120	10	10	10	NUM
cblr-7157	120	11	columbia	columbia	PROPN
cblr-7157	120	12	business	business	NOUN
cblr-7157	120	13	law	law	PROPN
cblr-7157	120	14	review	review	NOUN
cblr-7157	121	1	[	[	X
cblr-7157	121	2	vol	vol	NOUN
cblr-7157	121	3	.	.	PUNCT
cblr-7157	121	4	2020	2020	NUM
cblr-7157	121	5	and	and	CCONJ
cblr-7157	121	6	transferable	transferable	ADJ
cblr-7157	121	7	property	property	NOUN
cblr-7157	121	8	(	(	PUNCT
cblr-7157	121	9	shares	share	NOUN
cblr-7157	121	10	)	)	PUNCT
cblr-7157	121	11	.	.	PUNCT
cblr-7157	122	1	this	this	DET
cblr-7157	122	2	perspective	perspective	NOUN
cblr-7157	122	3	views	view	VERB
cblr-7157	122	4	the	the	DET
cblr-7157	122	5	corporation	corporation	NOUN
cblr-7157	122	6	as	as	ADP
cblr-7157	122	7	a	a	DET
cblr-7157	122	8	way	way	NOUN
cblr-7157	122	9	of	of	ADP
cblr-7157	122	10	owning	own	VERB
cblr-7157	122	11	business	business	NOUN
cblr-7157	122	12	assets	asset	NOUN
cblr-7157	122	13	that	that	PRON
cblr-7157	122	14	converts	convert	VERB
cblr-7157	122	15	messy	messy	ADJ
cblr-7157	122	16	in	in	ADP
cblr-7157	122	17	personam	personam	NOUN
cblr-7157	122	18	contract	contract	NOUN
cblr-7157	122	19	rights	right	NOUN
cblr-7157	122	20	into	into	ADP
cblr-7157	122	21	tidy	tidy	ADJ
cblr-7157	122	22	in	in	ADP
cblr-7157	122	23	rem	rem	NOUN
cblr-7157	122	24	property	property	NOUN
cblr-7157	122	25	rights	right	NOUN
cblr-7157	122	26	encapsulated	encapsulate	VERB
cblr-7157	122	27	in	in	ADP
cblr-7157	122	28	shares	share	NOUN
cblr-7157	122	29	that	that	PRON
cblr-7157	122	30	are	be	AUX
cblr-7157	122	31	easily	easily	ADV
cblr-7157	122	32	transferable	transferable	ADJ
cblr-7157	122	33	.	.	PUNCT
cblr-7157	123	1	part	part	NOUN
cblr-7157	123	2	iii	iii	PROPN
cblr-7157	123	3	continues	continue	VERB
cblr-7157	123	4	by	by	ADP
cblr-7157	123	5	deploying	deploy	VERB
cblr-7157	123	6	property	property	NOUN
cblr-7157	123	7	theory	theory	NOUN
cblr-7157	123	8	to	to	PART
cblr-7157	123	9	show	show	VERB
cblr-7157	123	10	that	that	SCONJ
cblr-7157	123	11	shareholders	shareholder	NOUN
cblr-7157	123	12	do	do	AUX
cblr-7157	123	13	hold	hold	VERB
cblr-7157	123	14	property	property	NOUN
cblr-7157	123	15	interests	interest	NOUN
cblr-7157	123	16	in	in	ADP
cblr-7157	123	17	the	the	DET
cblr-7157	123	18	corporation	corporation	NOUN
cblr-7157	123	19	.	.	PUNCT
cblr-7157	124	1	central	central	ADJ
cblr-7157	124	2	to	to	ADP
cblr-7157	124	3	this	this	DET
cblr-7157	124	4	argument	argument	NOUN
cblr-7157	124	5	is	be	AUX
cblr-7157	124	6	that	that	SCONJ
cblr-7157	124	7	property	property	NOUN
cblr-7157	124	8	theory	theory	NOUN
cblr-7157	124	9	emphasizes	emphasize	VERB
cblr-7157	124	10	the	the	DET
cblr-7157	124	11	“	"	PUNCT
cblr-7157	124	12	right	right	NOUN
cblr-7157	124	13	to	to	PART
cblr-7157	124	14	exclude	exclude	VERB
cblr-7157	124	15	”	"	PUNCT
cblr-7157	124	16	as	as	ADP
cblr-7157	124	17	a	a	DET
cblr-7157	124	18	central	central	ADJ
cblr-7157	124	19	(	(	PUNCT
cblr-7157	124	20	or	or	CCONJ
cblr-7157	124	21	arguably	arguably	ADV
cblr-7157	124	22	the	the	DET
cblr-7157	124	23	defining	define	VERB
cblr-7157	124	24	)	)	PUNCT
cblr-7157	124	25	feature	feature	NOUN
cblr-7157	124	26	of	of	ADP
cblr-7157	124	27	property	property	NOUN
cblr-7157	124	28	.	.	PUNCT
cblr-7157	125	1	the	the	DET
cblr-7157	125	2	voting	vote	VERB
cblr-7157	125	3	shareholders	shareholder	NOUN
cblr-7157	125	4	,	,	PUNCT
cblr-7157	125	5	as	as	ADP
cblr-7157	125	6	those	those	PRON
cblr-7157	125	7	who	who	PRON
cblr-7157	125	8	have	have	VERB
cblr-7157	125	9	the	the	DET
cblr-7157	125	10	ability	ability	NOUN
cblr-7157	125	11	to	to	PART
cblr-7157	125	12	elect	elect	VERB
cblr-7157	125	13	and	and	CCONJ
cblr-7157	125	14	remove	remove	VERB
cblr-7157	125	15	directors	director	NOUN
cblr-7157	125	16	,	,	PUNCT
cblr-7157	125	17	are	be	AUX
cblr-7157	125	18	the	the	DET
cblr-7157	125	19	unique	unique	ADJ
cblr-7157	125	20	holders	holder	NOUN
cblr-7157	125	21	of	of	ADP
cblr-7157	125	22	what	what	PRON
cblr-7157	125	23	this	this	DET
cblr-7157	125	24	article	article	NOUN
cblr-7157	125	25	terms	term	VERB
cblr-7157	125	26	“	"	PUNCT
cblr-7157	125	27	a	a	DET
cblr-7157	125	28	non	non	ADJ
cblr-7157	125	29	-	-	ADJ
cblr-7157	125	30	excludable	excludable	ADJ
cblr-7157	125	31	right	right	NOUN
cblr-7157	125	32	to	to	PART
cblr-7157	125	33	exclude	exclude	VERB
cblr-7157	125	34	.	.	PUNCT
cblr-7157	125	35	”	"	PUNCT
cblr-7157	126	1	this	this	DET
cblr-7157	126	2	interest	interest	NOUN
cblr-7157	126	3	in	in	ADP
cblr-7157	126	4	the	the	DET
cblr-7157	126	5	corporation	corporation	NOUN
cblr-7157	126	6	,	,	PUNCT
cblr-7157	126	7	held	hold	VERB
cblr-7157	126	8	solely	solely	ADV
cblr-7157	126	9	by	by	ADP
cblr-7157	126	10	voting	vote	VERB
cblr-7157	126	11	shareholders	shareholder	NOUN
cblr-7157	126	12	,	,	PUNCT
cblr-7157	126	13	is	be	AUX
cblr-7157	126	14	the	the	DET
cblr-7157	126	15	claim	claim	NOUN
cblr-7157	126	16	on	on	ADP
cblr-7157	126	17	the	the	DET
cblr-7157	126	18	corporation	corporation	NOUN
cblr-7157	126	19	rightly	rightly	ADV
cblr-7157	126	20	conceived	conceive	VERB
cblr-7157	126	21	as	as	ADP
cblr-7157	126	22	an	an	DET
cblr-7157	126	23	ownership	ownership	NOUN
cblr-7157	126	24	interest	interest	NOUN
cblr-7157	126	25	.	.	PUNCT
cblr-7157	127	1	the	the	DET
cblr-7157	127	2	boundaries	boundary	NOUN
cblr-7157	127	3	of	of	ADP
cblr-7157	127	4	ownership	ownership	NOUN
cblr-7157	127	5	are	be	AUX
cblr-7157	127	6	the	the	DET
cblr-7157	127	7	boundaries	boundary	NOUN
cblr-7157	127	8	of	of	ADP
cblr-7157	127	9	corporate	corporate	ADJ
cblr-7157	127	10	law	law	NOUN
cblr-7157	127	11	,	,	PUNCT
cblr-7157	127	12	meaning	mean	VERB
cblr-7157	127	13	that	that	SCONJ
cblr-7157	127	14	the	the	DET
cblr-7157	127	15	core	core	NOUN
cblr-7157	127	16	of	of	ADP
cblr-7157	127	17	corporate	corporate	ADJ
cblr-7157	127	18	law	law	NOUN
cblr-7157	127	19	is	be	AUX
cblr-7157	127	20	better	well	ADJ
cblr-7157	127	21	thought	think	VERB
cblr-7157	127	22	of	of	ADP
cblr-7157	127	23	as	as	ADP
cblr-7157	127	24	a	a	DET
cblr-7157	127	25	subspecies	subspecie	NOUN
cblr-7157	127	26	of	of	ADP
cblr-7157	127	27	property	property	NOUN
cblr-7157	127	28	law	law	NOUN
cblr-7157	127	29	than	than	ADP
cblr-7157	127	30	of	of	ADP
cblr-7157	127	31	contract	contract	NOUN
cblr-7157	127	32	law	law	NOUN
cblr-7157	127	33	.	.	PUNCT
cblr-7157	128	1	but	but	CCONJ
cblr-7157	128	2	the	the	DET
cblr-7157	128	3	part	part	NOUN
cblr-7157	128	4	makes	make	VERB
cblr-7157	128	5	it	it	PRON
cblr-7157	128	6	clear	clear	ADJ
cblr-7157	128	7	that	that	SCONJ
cblr-7157	128	8	this	this	PRON
cblr-7157	128	9	is	be	AUX
cblr-7157	128	10	a	a	DET
cblr-7157	128	11	thin	thin	ADJ
cblr-7157	128	12	form	form	NOUN
cblr-7157	128	13	of	of	ADP
cblr-7157	128	14	property	property	NOUN
cblr-7157	128	15	;	;	PUNCT
cblr-7157	128	16	it	it	PRON
cblr-7157	128	17	relates	relate	VERB
cblr-7157	128	18	only	only	ADV
cblr-7157	128	19	to	to	ADP
cblr-7157	128	20	the	the	DET
cblr-7157	128	21	default	default	NOUN
cblr-7157	128	22	(	(	PUNCT
cblr-7157	128	23	and	and	CCONJ
cblr-7157	128	24	largely	largely	ADV
cblr-7157	128	25	mandatory	mandatory	ADJ
cblr-7157	128	26	)	)	PUNCT
cblr-7157	128	27	features	feature	NOUN
cblr-7157	128	28	of	of	ADP
cblr-7157	128	29	the	the	DET
cblr-7157	128	30	corporate	corporate	ADJ
cblr-7157	128	31	organization	organization	NOUN
cblr-7157	128	32	.	.	PUNCT
cblr-7157	129	1	the	the	DET
cblr-7157	129	2	part	part	NOUN
cblr-7157	129	3	continues	continue	VERB
cblr-7157	129	4	by	by	ADP
cblr-7157	129	5	sketching	sketch	VERB
cblr-7157	129	6	the	the	DET
cblr-7157	129	7	borderline	borderline	NOUN
cblr-7157	129	8	between	between	ADP
cblr-7157	129	9	property	property	NOUN
cblr-7157	129	10	and	and	CCONJ
cblr-7157	129	11	contract	contract	NOUN
cblr-7157	129	12	rights	right	NOUN
cblr-7157	129	13	by	by	ADP
cblr-7157	129	14	asking	ask	VERB
cblr-7157	129	15	what	what	PRON
cblr-7157	129	16	unique	unique	ADJ
cblr-7157	129	17	functions	function	NOUN
cblr-7157	129	18	the	the	DET
cblr-7157	129	19	legal	legal	ADJ
cblr-7157	129	20	institution	institution	NOUN
cblr-7157	129	21	of	of	ADP
cblr-7157	129	22	the	the	DET
cblr-7157	129	23	corporation	corporation	NOUN
cblr-7157	129	24	serves	serve	VERB
cblr-7157	129	25	within	within	ADP
cblr-7157	129	26	a	a	DET
cblr-7157	129	27	property	property	NOUN
cblr-7157	129	28	conception	conception	NOUN
cblr-7157	129	29	of	of	ADP
cblr-7157	129	30	the	the	DET
cblr-7157	129	31	law	law	NOUN
cblr-7157	129	32	.	.	PUNCT
cblr-7157	130	1	part	part	NOUN
cblr-7157	130	2	iv	iv	NUM
cblr-7157	130	3	addresses	address	NOUN
cblr-7157	130	4	how	how	SCONJ
cblr-7157	130	5	the	the	DET
cblr-7157	130	6	property	property	NOUN
cblr-7157	130	7	theory	theory	NOUN
cblr-7157	130	8	relates	relate	VERB
cblr-7157	130	9	to	to	ADP
cblr-7157	130	10	the	the	DET
cblr-7157	130	11	“	"	PUNCT
cblr-7157	130	12	residual	residual	ADJ
cblr-7157	130	13	claimant	claimant	NOUN
cblr-7157	130	14	”	"	PUNCT
cblr-7157	130	15	analysis	analysis	NOUN
cblr-7157	130	16	that	that	PRON
cblr-7157	130	17	pervades	pervade	VERB
cblr-7157	130	18	the	the	DET
cblr-7157	130	19	law	law	NOUN
cblr-7157	130	20	and	and	CCONJ
cblr-7157	130	21	economics	economic	NOUN
cblr-7157	130	22	literature	literature	NOUN
cblr-7157	130	23	on	on	ADP
cblr-7157	130	24	corporate	corporate	ADJ
cblr-7157	130	25	law	law	NOUN
cblr-7157	130	26	.	.	PUNCT
cblr-7157	131	1	the	the	DET
cblr-7157	131	2	standard	standard	ADJ
cblr-7157	131	3	rationale	rationale	NOUN
cblr-7157	131	4	for	for	ADP
cblr-7157	131	5	the	the	DET
cblr-7157	131	6	existence	existence	NOUN
cblr-7157	131	7	of	of	ADP
cblr-7157	131	8	fiduciary	fiduciary	ADJ
cblr-7157	131	9	duties	duty	NOUN
cblr-7157	131	10	and	and	CCONJ
cblr-7157	131	11	shareholder	shareholder	NOUN
cblr-7157	131	12	voting	voting	NOUN
cblr-7157	131	13	is	be	AUX
cblr-7157	131	14	that	that	SCONJ
cblr-7157	131	15	shareholders	shareholder	NOUN
cblr-7157	131	16	are	be	AUX
cblr-7157	131	17	the	the	DET
cblr-7157	131	18	residual	residual	ADJ
cblr-7157	131	19	economic	economic	ADJ
cblr-7157	131	20	claimants	claimant	NOUN
cblr-7157	131	21	in	in	ADP
cblr-7157	131	22	an	an	DET
cblr-7157	131	23	incomplete	incomplete	ADJ
cblr-7157	131	24	contract	contract	NOUN
cblr-7157	131	25	with	with	ADP
cblr-7157	131	26	the	the	DET
cblr-7157	131	27	corporation.21	corporation.21	NOUN
cblr-7157	131	28	although	although	SCONJ
cblr-7157	131	29	that	that	PRON
cblr-7157	131	30	is	be	AUX
cblr-7157	131	31	true	true	ADJ
cblr-7157	131	32	,	,	PUNCT
cblr-7157	131	33	there	there	PRON
cblr-7157	131	34	are	be	VERB
cblr-7157	131	35	many	many	ADJ
cblr-7157	131	36	contractual	contractual	ADJ
cblr-7157	131	37	claimants	claimant	NOUN
cblr-7157	131	38	who	who	PRON
cblr-7157	131	39	might	might	AUX
cblr-7157	131	40	have	have	VERB
cblr-7157	131	41	residual	residual	ADJ
cblr-7157	131	42	economic	economic	ADJ
cblr-7157	131	43	interests	interest	NOUN
cblr-7157	131	44	in	in	ADP
cblr-7157	131	45	the	the	DET
cblr-7157	131	46	corporation	corporation	NOUN
cblr-7157	131	47	.	.	PUNCT
cblr-7157	132	1	as	as	ADP
cblr-7157	132	2	a	a	DET
cblr-7157	132	3	result	result	NOUN
cblr-7157	132	4	,	,	PUNCT
cblr-7157	132	5	the	the	DET
cblr-7157	132	6	residual	residual	ADJ
cblr-7157	132	7	claimant	claimant	NOUN
cblr-7157	132	8	theory	theory	NOUN
cblr-7157	132	9	often	often	ADV
cblr-7157	132	10	supplies	supply	VERB
cblr-7157	132	11	few	few	ADJ
cblr-7157	132	12	answers	answer	NOUN
cblr-7157	132	13	to	to	ADP
cblr-7157	132	14	difficult	difficult	ADJ
cblr-7157	132	15	corporate	corporate	ADJ
cblr-7157	132	16	law	law	NOUN
cblr-7157	132	17	questions	question	NOUN
cblr-7157	132	18	.	.	PUNCT
cblr-7157	133	1	this	this	DET
cblr-7157	133	2	part	part	NOUN
cblr-7157	133	3	shows	show	VERB
cblr-7157	133	4	that	that	SCONJ
cblr-7157	133	5	the	the	DET
cblr-7157	133	6	more	more	ADV
cblr-7157	133	7	important	important	ADJ
cblr-7157	133	8	residual	residual	ADJ
cblr-7157	133	9	in	in	ADP
cblr-7157	133	10	corporate	corporate	ADJ
cblr-7157	133	11	law	law	NOUN
cblr-7157	133	12	is	be	AUX
cblr-7157	133	13	the	the	DET
cblr-7157	133	14	residual	residual	ADJ
cblr-7157	133	15	of	of	ADP
cblr-7157	133	16	control	control	NOUN
cblr-7157	133	17	—	—	PUNCT
cblr-7157	133	18	the	the	DET
cblr-7157	133	19	voting	voting	NOUN
cblr-7157	133	20	right	right	NOUN
cblr-7157	133	21	—	—	PUNCT
cblr-7157	133	22	which	which	PRON
cblr-7157	133	23	is	be	AUX
cblr-7157	133	24	held	hold	VERB
cblr-7157	133	25	uniquely	uniquely	ADV
cblr-7157	133	26	by	by	ADP
cblr-7157	133	27	(	(	PUNCT
cblr-7157	133	28	usually	usually	ADV
cblr-7157	133	29	common	common	ADJ
cblr-7157	133	30	)	)	PUNCT
cblr-7157	133	31	shareholders	shareholder	NOUN
cblr-7157	133	32	.	.	PUNCT
cblr-7157	134	1	the	the	DET
cblr-7157	134	2	shareholders	shareholder	NOUN
cblr-7157	134	3	,	,	PUNCT
cblr-7157	134	4	as	as	ADP
cblr-7157	134	5	the	the	DET
cblr-7157	134	6	residual	residual	ADJ
cblr-7157	134	7	holders	holder	NOUN
cblr-7157	134	8	of	of	ADP
cblr-7157	134	9	these	these	DET
cblr-7157	134	10	proprietary	proprietary	ADJ
cblr-7157	134	11	voting	voting	NOUN
cblr-7157	134	12	claims	claim	NOUN
cblr-7157	134	13	,	,	PUNCT
cblr-7157	134	14	are	be	AUX
cblr-7157	134	15	the	the	DET
cblr-7157	134	16	proper	proper	ADJ
cblr-7157	134	17	focus	focus	NOUN
cblr-7157	134	18	of	of	ADP
cblr-7157	134	19	the	the	DET
cblr-7157	134	20	residual	residual	ADJ
cblr-7157	134	21	claimant	claimant	NOUN
cblr-7157	134	22	analysis	analysis	NOUN
cblr-7157	134	23	for	for	ADP
cblr-7157	134	24	the	the	DET
cblr-7157	134	25	purposes	purpose	NOUN
cblr-7157	134	26	of	of	ADP
cblr-7157	134	27	corporate	corporate	ADJ
cblr-7157	134	28	law	law	NOUN
cblr-7157	134	29	.	.	PUNCT
cblr-7157	135	1	21	21	NUM
cblr-7157	135	2	see	see	NOUN
cblr-7157	135	3	infra	infra	NOUN
cblr-7157	135	4	section	section	NOUN
cblr-7157	135	5	ii.b	ii.b	NOUN
cblr-7157	135	6	.	.	PUNCT
cblr-7157	136	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	136	2	(	(	PUNCT
cblr-7157	136	3	do	do	AUX
cblr-7157	136	4	not	not	PART
cblr-7157	136	5	delete	delete	VERB
cblr-7157	136	6	)	)	PUNCT
cblr-7157	136	7	10/2/2020	10/2/2020	NUM
cblr-7157	136	8	11:44	11:44	NUM
cblr-7157	136	9	am	be	AUX
cblr-7157	136	10	no	no	NOUN
cblr-7157	136	11	.	.	PUNCT
cblr-7157	136	12	1:1	1:1	NUM
cblr-7157	136	13	]	]	X
cblr-7157	136	14	a	a	DET
cblr-7157	136	15	property	property	NOUN
cblr-7157	136	16	theory	theory	NOUN
cblr-7157	136	17	11	11	NUM
cblr-7157	136	18	part	part	NOUN
cblr-7157	136	19	v	v	ADP
cblr-7157	136	20	surveys	survey	NOUN
cblr-7157	136	21	how	how	SCONJ
cblr-7157	136	22	the	the	DET
cblr-7157	136	23	property	property	NOUN
cblr-7157	136	24	theory	theory	NOUN
cblr-7157	136	25	could	could	AUX
cblr-7157	136	26	bear	bear	VERB
cblr-7157	136	27	on	on	ADP
cblr-7157	136	28	both	both	PRON
cblr-7157	136	29	longstanding	longstanding	ADJ
cblr-7157	136	30	puzzles	puzzle	NOUN
cblr-7157	136	31	and	and	CCONJ
cblr-7157	136	32	emerging	emerge	VERB
cblr-7157	136	33	trends	trend	NOUN
cblr-7157	136	34	in	in	ADP
cblr-7157	136	35	corporate	corporate	ADJ
cblr-7157	136	36	law	law	NOUN
cblr-7157	136	37	.	.	PUNCT
cblr-7157	137	1	the	the	DET
cblr-7157	137	2	most	most	ADV
cblr-7157	137	3	obvious	obvious	ADJ
cblr-7157	137	4	application	application	NOUN
cblr-7157	137	5	relates	relate	VERB
cblr-7157	137	6	to	to	ADP
cblr-7157	137	7	the	the	DET
cblr-7157	137	8	interpretation	interpretation	NOUN
cblr-7157	137	9	of	of	ADP
cblr-7157	137	10	charter	charter	NOUN
cblr-7157	137	11	provisions	provision	NOUN
cblr-7157	137	12	,	,	PUNCT
cblr-7157	137	13	which	which	PRON
cblr-7157	137	14	delaware	delaware	PROPN
cblr-7157	137	15	has	have	AUX
cblr-7157	137	16	increasingly	increasingly	ADV
cblr-7157	137	17	characterized	characterize	VERB
cblr-7157	137	18	as	as	ADP
cblr-7157	137	19	contractual	contractual	ADJ
cblr-7157	137	20	in	in	ADP
cblr-7157	137	21	nature.22	nature.22	NOUN
cblr-7157	137	22	additionally	additionally	ADV
cblr-7157	137	23	,	,	PUNCT
cblr-7157	137	24	the	the	DET
cblr-7157	137	25	property	property	NOUN
cblr-7157	137	26	theory	theory	NOUN
cblr-7157	137	27	sheds	shed	VERB
cblr-7157	137	28	light	light	NOUN
cblr-7157	137	29	on	on	ADP
cblr-7157	137	30	many	many	ADJ
cblr-7157	137	31	other	other	ADJ
cblr-7157	137	32	recurrent	recurrent	ADJ
cblr-7157	137	33	issues	issue	NOUN
cblr-7157	137	34	in	in	ADP
cblr-7157	137	35	corporate	corporate	ADJ
cblr-7157	137	36	law	law	NOUN
cblr-7157	137	37	,	,	PUNCT
cblr-7157	137	38	such	such	ADJ
cblr-7157	137	39	as	as	ADP
cblr-7157	137	40	the	the	DET
cblr-7157	137	41	fiduciary	fiduciary	ADJ
cblr-7157	137	42	duties	duty	NOUN
cblr-7157	137	43	owed	owe	VERB
cblr-7157	137	44	to	to	ADP
cblr-7157	137	45	non	non	ADJ
cblr-7157	137	46	-	-	ADJ
cblr-7157	137	47	shareholder	shareholder	ADJ
cblr-7157	137	48	claimants	claimant	NOUN
cblr-7157	137	49	,	,	PUNCT
cblr-7157	137	50	the	the	DET
cblr-7157	137	51	related	related	ADJ
cblr-7157	137	52	question	question	NOUN
cblr-7157	137	53	of	of	ADP
cblr-7157	137	54	the	the	DET
cblr-7157	137	55	scope	scope	NOUN
cblr-7157	137	56	of	of	ADP
cblr-7157	137	57	fiduciary	fiduciary	ADJ
cblr-7157	137	58	duties	duty	NOUN
cblr-7157	137	59	owed	owe	VERB
cblr-7157	137	60	in	in	ADP
cblr-7157	137	61	(	(	PUNCT
cblr-7157	137	62	the	the	DET
cblr-7157	137	63	zone	zone	NOUN
cblr-7157	137	64	of	of	ADP
cblr-7157	137	65	)	)	PUNCT
cblr-7157	137	66	insolvency	insolvency	NOUN
cblr-7157	137	67	,	,	PUNCT
cblr-7157	137	68	the	the	DET
cblr-7157	137	69	problems	problem	NOUN
cblr-7157	137	70	raised	raise	VERB
cblr-7157	137	71	by	by	ADP
cblr-7157	137	72	increasingly	increasingly	ADV
cblr-7157	137	73	prevalent	prevalent	ADJ
cblr-7157	137	74	dual	dual	ADJ
cblr-7157	137	75	-	-	PUNCT
cblr-7157	137	76	class	class	NOUN
cblr-7157	137	77	capital	capital	NOUN
cblr-7157	137	78	structures	structure	NOUN
cblr-7157	137	79	,	,	PUNCT
cblr-7157	137	80	and	and	CCONJ
cblr-7157	137	81	even	even	ADV
cblr-7157	137	82	the	the	DET
cblr-7157	137	83	social	social	ADJ
cblr-7157	137	84	purpose	purpose	NOUN
cblr-7157	137	85	of	of	ADP
cblr-7157	137	86	the	the	DET
cblr-7157	137	87	firm	firm	NOUN
cblr-7157	137	88	.	.	PUNCT
cblr-7157	138	1	ii	ii	PROPN
cblr-7157	138	2	.	.	PUNCT
cblr-7157	139	1	the	the	DET
cblr-7157	139	2	contractual	contractual	ADJ
cblr-7157	139	3	theory	theory	NOUN
cblr-7157	139	4	and	and	CCONJ
cblr-7157	139	5	its	its	PRON
cblr-7157	139	6	limitations	limitation	NOUN
cblr-7157	139	7	the	the	DET
cblr-7157	139	8	nexus	nexus	NOUN
cblr-7157	139	9	of	of	ADP
cblr-7157	139	10	contracts	contract	NOUN
cblr-7157	139	11	theory	theory	NOUN
cblr-7157	139	12	views	view	VERB
cblr-7157	139	13	the	the	DET
cblr-7157	139	14	corporation	corporation	NOUN
cblr-7157	139	15	as	as	ADP
cblr-7157	139	16	a	a	DET
cblr-7157	139	17	set	set	NOUN
cblr-7157	139	18	of	of	ADP
cblr-7157	139	19	contracts	contract	NOUN
cblr-7157	139	20	among	among	ADP
cblr-7157	139	21	various	various	ADJ
cblr-7157	139	22	contractual	contractual	ADJ
cblr-7157	139	23	claimants.23	claimants.23	NOUN
cblr-7157	139	24	in	in	ADP
cblr-7157	139	25	this	this	DET
cblr-7157	139	26	view	view	NOUN
cblr-7157	139	27	,	,	PUNCT
cblr-7157	139	28	shareholders	shareholder	NOUN
cblr-7157	139	29	are	be	AUX
cblr-7157	139	30	merely	merely	ADV
cblr-7157	139	31	one	one	NUM
cblr-7157	139	32	type	type	NOUN
cblr-7157	139	33	of	of	ADP
cblr-7157	139	34	contract	contract	NOUN
cblr-7157	139	35	claimant	claimant	NOUN
cblr-7157	139	36	,	,	PUNCT
cblr-7157	139	37	albeit	albeit	SCONJ
cblr-7157	139	38	a	a	DET
cblr-7157	139	39	contract	contract	NOUN
cblr-7157	139	40	claimant	claimant	NOUN
cblr-7157	139	41	with	with	ADP
cblr-7157	139	42	a	a	DET
cblr-7157	139	43	distinctive	distinctive	ADJ
cblr-7157	139	44	type	type	NOUN
cblr-7157	139	45	of	of	ADP
cblr-7157	139	46	contract.24	contract.24	NOUN
cblr-7157	139	47	interpreting	interpret	VERB
cblr-7157	139	48	the	the	DET
cblr-7157	139	49	firm	firm	NOUN
cblr-7157	139	50	as	as	ADP
cblr-7157	139	51	a	a	DET
cblr-7157	139	52	set	set	NOUN
cblr-7157	139	53	of	of	ADP
cblr-7157	139	54	contracts	contract	NOUN
cblr-7157	139	55	makes	make	VERB
cblr-7157	139	56	the	the	DET
cblr-7157	139	57	concept	concept	NOUN
cblr-7157	139	58	of	of	ADP
cblr-7157	139	59	ownership	ownership	NOUN
cblr-7157	139	60	irrelevant	irrelevant	ADJ
cblr-7157	139	61	,	,	PUNCT
cblr-7157	139	62	because	because	SCONJ
cblr-7157	139	63	the	the	DET
cblr-7157	139	64	rights	right	NOUN
cblr-7157	139	65	of	of	ADP
cblr-7157	139	66	all	all	DET
cblr-7157	139	67	claimants	claimant	NOUN
cblr-7157	139	68	,	,	PUNCT
cblr-7157	139	69	including	include	VERB
cblr-7157	139	70	shareholders	shareholder	NOUN
cblr-7157	139	71	,	,	PUNCT
cblr-7157	139	72	are	be	AUX
cblr-7157	139	73	defined	define	VERB
cblr-7157	139	74	by	by	ADP
cblr-7157	139	75	contract	contract	NOUN
cblr-7157	139	76	rather	rather	ADV
cblr-7157	139	77	than	than	ADP
cblr-7157	139	78	property	property	NOUN
cblr-7157	139	79	.	.	PUNCT
cblr-7157	140	1	section	section	NOUN
cblr-7157	140	2	ii.a	ii.a	PROPN
cblr-7157	140	3	sets	set	VERB
cblr-7157	140	4	out	out	ADP
cblr-7157	140	5	how	how	SCONJ
cblr-7157	140	6	this	this	DET
cblr-7157	140	7	contractarian	contractarian	ADJ
cblr-7157	140	8	approach	approach	NOUN
cblr-7157	140	9	developed	develop	VERB
cblr-7157	140	10	as	as	ADP
cblr-7157	140	11	the	the	DET
cblr-7157	140	12	economic	economic	ADJ
cblr-7157	140	13	theory	theory	NOUN
cblr-7157	140	14	of	of	ADP
cblr-7157	140	15	the	the	DET
cblr-7157	140	16	firm	firm	NOUN
cblr-7157	140	17	.	.	PUNCT
cblr-7157	141	1	section	section	NOUN
cblr-7157	141	2	ii.b	ii.b	PROPN
cblr-7157	141	3	shows	show	VERB
cblr-7157	141	4	how	how	SCONJ
cblr-7157	141	5	the	the	DET
cblr-7157	141	6	literature	literature	NOUN
cblr-7157	141	7	on	on	ADP
cblr-7157	141	8	the	the	DET
cblr-7157	141	9	theory	theory	NOUN
cblr-7157	141	10	of	of	ADP
cblr-7157	141	11	the	the	DET
cblr-7157	141	12	firm	firm	NOUN
cblr-7157	141	13	was	be	AUX
cblr-7157	141	14	applied	apply	VERB
cblr-7157	141	15	to	to	ADP
cblr-7157	141	16	legal	legal	ADJ
cblr-7157	141	17	theory	theory	NOUN
cblr-7157	141	18	in	in	ADP
cblr-7157	141	19	corporate	corporate	ADJ
cblr-7157	141	20	law	law	NOUN
cblr-7157	141	21	.	.	PUNCT
cblr-7157	142	1	section	section	NOUN
cblr-7157	142	2	ii.c	ii.c	VERB
cblr-7157	142	3	details	detail	NOUN
cblr-7157	142	4	the	the	DET
cblr-7157	142	5	problems	problem	NOUN
cblr-7157	142	6	that	that	PRON
cblr-7157	142	7	the	the	DET
cblr-7157	142	8	contractarian	contractarian	ADJ
cblr-7157	142	9	theory	theory	NOUN
cblr-7157	142	10	faces	face	VERB
cblr-7157	142	11	in	in	ADP
cblr-7157	142	12	explaining	explain	VERB
cblr-7157	142	13	foundational	foundational	ADJ
cblr-7157	142	14	rules	rule	NOUN
cblr-7157	142	15	of	of	ADP
cblr-7157	142	16	corporate	corporate	ADJ
cblr-7157	142	17	law	law	NOUN
cblr-7157	142	18	.	.	PUNCT
cblr-7157	143	1	this	this	DET
cblr-7157	143	2	part	part	NOUN
cblr-7157	143	3	lays	lay	VERB
cblr-7157	143	4	the	the	DET
cblr-7157	143	5	foundation	foundation	NOUN
cblr-7157	143	6	for	for	ADP
cblr-7157	143	7	part	part	NOUN
cblr-7157	143	8	iii	iii	PROPN
cblr-7157	143	9	,	,	PUNCT
cblr-7157	143	10	which	which	PRON
cblr-7157	143	11	builds	build	VERB
cblr-7157	143	12	a	a	DET
cblr-7157	143	13	property	property	NOUN
cblr-7157	143	14	theory	theory	NOUN
cblr-7157	143	15	of	of	ADP
cblr-7157	143	16	corporate	corporate	ADJ
cblr-7157	143	17	law	law	NOUN
cblr-7157	143	18	.	.	PUNCT
cblr-7157	144	1	22	22	NUM
cblr-7157	144	2	see	see	VERB
cblr-7157	144	3	supra	supra	PROPN
cblr-7157	144	4	notes	note	VERB
cblr-7157	144	5	59–62	59–62	NUM
cblr-7157	144	6	and	and	CCONJ
cblr-7157	144	7	accompanying	accompany	VERB
cblr-7157	144	8	text	text	NOUN
cblr-7157	144	9	.	.	PUNCT
cblr-7157	145	1	23	23	NUM
cblr-7157	145	2	see	see	VERB
cblr-7157	145	3	easterbrook	easterbrook	PROPN
cblr-7157	145	4	&	&	CCONJ
cblr-7157	145	5	fischel	fischel	PROPN
cblr-7157	145	6	,	,	PUNCT
cblr-7157	145	7	supra	supra	PROPN
cblr-7157	145	8	note	note	NOUN
cblr-7157	145	9	2	2	NUM
cblr-7157	145	10	,	,	PUNCT
cblr-7157	145	11	at	at	ADP
cblr-7157	145	12	12	12	NUM
cblr-7157	145	13	(	(	PUNCT
cblr-7157	145	14	describing	describe	VERB
cblr-7157	145	15	the	the	DET
cblr-7157	145	16	corporation	corporation	NOUN
cblr-7157	145	17	as	as	ADP
cblr-7157	145	18	a	a	DET
cblr-7157	145	19	“	"	PUNCT
cblr-7157	145	20	‘	'	PUNCT
cblr-7157	145	21	nexus	nexus	NOUN
cblr-7157	145	22	of	of	ADP
cblr-7157	145	23	contracts	contract	NOUN
cblr-7157	145	24	’	'	PUNCT
cblr-7157	145	25	or	or	CCONJ
cblr-7157	145	26	a	a	DET
cblr-7157	145	27	set	set	NOUN
cblr-7157	145	28	of	of	ADP
cblr-7157	145	29	implicit	implicit	ADJ
cblr-7157	145	30	and	and	CCONJ
cblr-7157	145	31	explicit	explicit	ADJ
cblr-7157	145	32	contracts	contract	NOUN
cblr-7157	145	33	”	"	PUNCT
cblr-7157	145	34	)	)	PUNCT
cblr-7157	145	35	.	.	PUNCT
cblr-7157	146	1	24	24	NUM
cblr-7157	146	2	see	see	VERB
cblr-7157	146	3	,	,	PUNCT
cblr-7157	146	4	e.g.	e.g.	ADV
cblr-7157	146	5	,	,	PUNCT
cblr-7157	146	6	macey	macey	PROPN
cblr-7157	146	7	&	&	CCONJ
cblr-7157	146	8	strine	strine	PROPN
cblr-7157	146	9	,	,	PUNCT
cblr-7157	146	10	supra	supra	PROPN
cblr-7157	146	11	note	note	NOUN
cblr-7157	146	12	9	9	NUM
cblr-7157	146	13	,	,	PUNCT
cblr-7157	146	14	at	at	ADP
cblr-7157	146	15	483–85	483–85	NUM
cblr-7157	146	16	(	(	PUNCT
cblr-7157	146	17	describing	describe	VERB
cblr-7157	146	18	stockholders	stockholder	NOUN
cblr-7157	146	19	as	as	ADP
cblr-7157	146	20	“	"	PUNCT
cblr-7157	146	21	fellow	fellow	ADJ
cblr-7157	146	22	contract	contract	NOUN
cblr-7157	146	23	claimants	claimant	NOUN
cblr-7157	146	24	”	"	PUNCT
cblr-7157	146	25	and	and	CCONJ
cblr-7157	146	26	“	"	PUNCT
cblr-7157	146	27	mere	mere	ADJ
cblr-7157	146	28	contractual	contractual	ADJ
cblr-7157	146	29	counter	counter	NOUN
cblr-7157	146	30	-	-	NOUN
cblr-7157	146	31	parties	party	NOUN
cblr-7157	146	32	with	with	ADP
cblr-7157	146	33	the	the	DET
cblr-7157	146	34	firms	firm	NOUN
cblr-7157	146	35	in	in	ADP
cblr-7157	146	36	which	which	PRON
cblr-7157	146	37	they	they	PRON
cblr-7157	146	38	have	have	AUX
cblr-7157	146	39	invested	invest	VERB
cblr-7157	146	40	”	"	PUNCT
cblr-7157	146	41	)	)	PUNCT
cblr-7157	146	42	.	.	PUNCT
cblr-7157	147	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	147	2	(	(	PUNCT
cblr-7157	147	3	do	do	AUX
cblr-7157	147	4	not	not	PART
cblr-7157	147	5	delte	delte	VERB
cblr-7157	147	6	)	)	PUNCT
cblr-7157	147	7	10/2/2020	10/2/2020	NUM
cblr-7157	147	8	11:44	11:44	NUM
cblr-7157	147	9	am	am	NOUN
cblr-7157	147	10	12	12	NUM
cblr-7157	147	11	columbia	columbia	PROPN
cblr-7157	147	12	business	business	NOUN
cblr-7157	147	13	law	law	PROPN
cblr-7157	147	14	review	review	NOUN
cblr-7157	147	15	[	[	X
cblr-7157	147	16	vol	vol	NOUN
cblr-7157	147	17	.	.	PUNCT
cblr-7157	147	18	2020	2020	NUM
cblr-7157	147	19	a.	a.	NOUN
cblr-7157	147	20	the	the	DET
cblr-7157	147	21	contractual	contractual	ADJ
cblr-7157	147	22	theory	theory	NOUN
cblr-7157	147	23	of	of	ADP
cblr-7157	147	24	the	the	DET
cblr-7157	147	25	firm	firm	NOUN
cblr-7157	147	26	the	the	DET
cblr-7157	147	27	starting	starting	NOUN
cblr-7157	147	28	place	place	NOUN
cblr-7157	147	29	in	in	ADP
cblr-7157	147	30	tracing	trace	VERB
cblr-7157	147	31	the	the	DET
cblr-7157	147	32	intellectual	intellectual	ADJ
cblr-7157	147	33	lineage	lineage	NOUN
cblr-7157	147	34	of	of	ADP
cblr-7157	147	35	the	the	DET
cblr-7157	147	36	contractarian	contractarian	ADJ
cblr-7157	147	37	approach	approach	NOUN
cblr-7157	147	38	is	be	AUX
cblr-7157	147	39	ronald	ronald	PROPN
cblr-7157	147	40	coase	coase	PROPN
cblr-7157	147	41	’s	’s	PART
cblr-7157	147	42	the	the	DET
cblr-7157	147	43	nature	nature	NOUN
cblr-7157	147	44	of	of	ADP
cblr-7157	147	45	the	the	DET
cblr-7157	147	46	firm.25	firm.25	NOUN
cblr-7157	147	47	in	in	ADP
cblr-7157	147	48	that	that	DET
cblr-7157	147	49	work	work	NOUN
cblr-7157	147	50	,	,	PUNCT
cblr-7157	147	51	coase	coase	PROPN
cblr-7157	147	52	asked	ask	VERB
cblr-7157	147	53	the	the	DET
cblr-7157	147	54	fundamental	fundamental	ADJ
cblr-7157	147	55	question	question	NOUN
cblr-7157	147	56	of	of	ADP
cblr-7157	147	57	why	why	SCONJ
cblr-7157	147	58	firms	firm	NOUN
cblr-7157	147	59	exist	exist	VERB
cblr-7157	147	60	at	at	ADV
cblr-7157	147	61	all	all	ADV
cblr-7157	147	62	,	,	PUNCT
cblr-7157	147	63	as	as	SCONJ
cblr-7157	147	64	opposed	oppose	VERB
cblr-7157	147	65	to	to	ADP
cblr-7157	147	66	transactions	transaction	NOUN
cblr-7157	147	67	being	be	AUX
cblr-7157	147	68	simply	simply	ADV
cblr-7157	147	69	arranged	arrange	VERB
cblr-7157	147	70	by	by	ADP
cblr-7157	147	71	contracting	contract	VERB
cblr-7157	147	72	through	through	ADP
cblr-7157	147	73	markets.26	markets.26	ADJ
cblr-7157	147	74	in	in	ADP
cblr-7157	147	75	theory	theory	NOUN
cblr-7157	147	76	,	,	PUNCT
cblr-7157	147	77	an	an	DET
cblr-7157	147	78	entrepreneur	entrepreneur	NOUN
cblr-7157	147	79	could	could	AUX
cblr-7157	147	80	simply	simply	ADV
cblr-7157	147	81	enter	enter	VERB
cblr-7157	147	82	into	into	ADP
cblr-7157	147	83	contracts	contract	NOUN
cblr-7157	147	84	with	with	ADP
cblr-7157	147	85	the	the	DET
cblr-7157	147	86	suppliers	supplier	NOUN
cblr-7157	147	87	of	of	ADP
cblr-7157	147	88	all	all	DET
cblr-7157	147	89	necessary	necessary	ADJ
cblr-7157	147	90	inputs	input	NOUN
cblr-7157	147	91	to	to	ADP
cblr-7157	147	92	a	a	DET
cblr-7157	147	93	production	production	NOUN
cblr-7157	147	94	process	process	NOUN
cblr-7157	147	95	,	,	PUNCT
cblr-7157	147	96	without	without	ADP
cblr-7157	147	97	the	the	DET
cblr-7157	147	98	need	need	NOUN
cblr-7157	147	99	for	for	ADP
cblr-7157	147	100	a	a	DET
cblr-7157	147	101	“	"	PUNCT
cblr-7157	147	102	firm	firm	NOUN
cblr-7157	147	103	.	.	PUNCT
cblr-7157	147	104	”	"	PUNCT
cblr-7157	148	1	in	in	ADP
cblr-7157	148	2	such	such	DET
cblr-7157	148	3	a	a	DET
cblr-7157	148	4	world	world	NOUN
cblr-7157	148	5	,	,	PUNCT
cblr-7157	148	6	businesses	business	NOUN
cblr-7157	148	7	could	could	AUX
cblr-7157	148	8	operate	operate	VERB
cblr-7157	148	9	entirely	entirely	ADV
cblr-7157	148	10	through	through	ADP
cblr-7157	148	11	contracting	contracting	NOUN
cblr-7157	148	12	,	,	PUNCT
cblr-7157	148	13	with	with	ADP
cblr-7157	148	14	no	no	DET
cblr-7157	148	15	organization	organization	NOUN
cblr-7157	148	16	,	,	PUNCT
cblr-7157	148	17	no	no	DET
cblr-7157	148	18	hierarchy	hierarchy	NOUN
cblr-7157	148	19	,	,	PUNCT
cblr-7157	148	20	and	and	CCONJ
cblr-7157	148	21	no	no	DET
cblr-7157	148	22	“	"	PUNCT
cblr-7157	148	23	internal	internal	ADJ
cblr-7157	148	24	”	"	PUNCT
cblr-7157	148	25	structure	structure	NOUN
cblr-7157	148	26	.	.	PUNCT
cblr-7157	149	1	yet	yet	ADV
cblr-7157	149	2	in	in	ADP
cblr-7157	149	3	the	the	DET
cblr-7157	149	4	real	real	ADJ
cblr-7157	149	5	world	world	NOUN
cblr-7157	149	6	,	,	PUNCT
cblr-7157	149	7	firms	firm	NOUN
cblr-7157	149	8	exist	exist	VERB
cblr-7157	149	9	.	.	PUNCT
cblr-7157	150	1	coase	coase	PROPN
cblr-7157	150	2	argued	argue	VERB
cblr-7157	150	3	that	that	SCONJ
cblr-7157	150	4	firms	firm	NOUN
cblr-7157	150	5	arise	arise	VERB
cblr-7157	150	6	because	because	SCONJ
cblr-7157	150	7	of	of	ADP
cblr-7157	150	8	the	the	DET
cblr-7157	150	9	transaction	transaction	NOUN
cblr-7157	150	10	costs	cost	NOUN
cblr-7157	150	11	associated	associate	VERB
cblr-7157	150	12	with	with	ADP
cblr-7157	150	13	market	market	NOUN
cblr-7157	150	14	exchanges	exchange	NOUN
cblr-7157	150	15	,	,	PUNCT
cblr-7157	150	16	particularly	particularly	ADV
cblr-7157	150	17	the	the	DET
cblr-7157	150	18	price	price	NOUN
cblr-7157	150	19	mechanism.27	mechanism.27	NOUN
cblr-7157	150	20	entering	enter	VERB
cblr-7157	150	21	into	into	ADP
cblr-7157	150	22	many	many	ADJ
cblr-7157	150	23	contracts	contract	NOUN
cblr-7157	150	24	with	with	ADP
cblr-7157	150	25	various	various	ADJ
cblr-7157	150	26	suppliers	supplier	NOUN
cblr-7157	150	27	of	of	ADP
cblr-7157	150	28	inputs	input	NOUN
cblr-7157	150	29	would	would	AUX
cblr-7157	150	30	be	be	AUX
cblr-7157	150	31	costly	costly	ADJ
cblr-7157	150	32	,	,	PUNCT
cblr-7157	150	33	driven	drive	VERB
cblr-7157	150	34	perhaps	perhaps	ADV
cblr-7157	150	35	most	most	ADV
cblr-7157	150	36	obviously	obviously	ADV
cblr-7157	150	37	by	by	ADP
cblr-7157	150	38	the	the	DET
cblr-7157	150	39	cost	cost	NOUN
cblr-7157	150	40	of	of	ADP
cblr-7157	150	41	determining	determine	VERB
cblr-7157	150	42	“	"	PUNCT
cblr-7157	150	43	what	what	PRON
cblr-7157	150	44	the	the	DET
cblr-7157	150	45	relevant	relevant	ADJ
cblr-7157	150	46	prices	price	NOUN
cblr-7157	150	47	are	be	AUX
cblr-7157	150	48	”	"	PUNCT
cblr-7157	150	49	through	through	ADP
cblr-7157	150	50	the	the	DET
cblr-7157	150	51	“	"	PUNCT
cblr-7157	150	52	price	price	NOUN
cblr-7157	150	53	mechanism	mechanism	NOUN
cblr-7157	150	54	.	.	PUNCT
cblr-7157	151	1	”28	”28	NOUN
cblr-7157	151	2	thus	thus	ADV
cblr-7157	151	3	,	,	PUNCT
cblr-7157	151	4	coase	coase	PROPN
cblr-7157	151	5	argued	argue	VERB
cblr-7157	151	6	that	that	SCONJ
cblr-7157	151	7	firms	firm	NOUN
cblr-7157	151	8	arise	arise	VERB
cblr-7157	151	9	when	when	SCONJ
cblr-7157	151	10	entrepreneurs	entrepreneur	NOUN
cblr-7157	151	11	economize	economize	VERB
cblr-7157	151	12	on	on	ADP
cblr-7157	151	13	transaction	transaction	NOUN
cblr-7157	151	14	costs	cost	NOUN
cblr-7157	151	15	by	by	ADP
cblr-7157	151	16	shifting	shift	VERB
cblr-7157	151	17	from	from	ADP
cblr-7157	151	18	contracting	contract	VERB
cblr-7157	151	19	to	to	ADP
cblr-7157	151	20	employment	employment	NOUN
cblr-7157	151	21	relationships.29	relationships.29	NOUN
cblr-7157	151	22	in	in	ADP
cblr-7157	151	23	a	a	DET
cblr-7157	151	24	hierarchical	hierarchical	ADJ
cblr-7157	151	25	employment	employment	NOUN
cblr-7157	151	26	relationship	relationship	NOUN
cblr-7157	151	27	,	,	PUNCT
cblr-7157	151	28	the	the	DET
cblr-7157	151	29	firm	firm	NOUN
cblr-7157	151	30	does	do	AUX
cblr-7157	151	31	not	not	PART
cblr-7157	151	32	need	need	VERB
cblr-7157	151	33	to	to	PART
cblr-7157	151	34	negotiate	negotiate	VERB
cblr-7157	151	35	the	the	DET
cblr-7157	151	36	price	price	NOUN
cblr-7157	151	37	of	of	ADP
cblr-7157	151	38	an	an	DET
cblr-7157	151	39	input	input	NOUN
cblr-7157	151	40	and	and	CCONJ
cblr-7157	151	41	the	the	DET
cblr-7157	151	42	terms	term	NOUN
cblr-7157	151	43	related	relate	VERB
cblr-7157	151	44	to	to	ADP
cblr-7157	151	45	its	its	PRON
cblr-7157	151	46	production	production	NOUN
cblr-7157	151	47	with	with	ADP
cblr-7157	151	48	an	an	DET
cblr-7157	151	49	employee	employee	NOUN
cblr-7157	151	50	,	,	PUNCT
cblr-7157	151	51	it	it	PRON
cblr-7157	151	52	simply	simply	ADV
cblr-7157	151	53	tells	tell	VERB
cblr-7157	151	54	the	the	DET
cblr-7157	151	55	employee	employee	NOUN
cblr-7157	151	56	what	what	PRON
cblr-7157	151	57	tasks	task	VERB
cblr-7157	151	58	to	to	PART
cblr-7157	151	59	perform	perform	VERB
cblr-7157	151	60	,	,	PUNCT
cblr-7157	151	61	saving	save	VERB
cblr-7157	151	62	on	on	ADP
cblr-7157	151	63	transaction	transaction	NOUN
cblr-7157	151	64	costs	cost	NOUN
cblr-7157	151	65	.	.	PUNCT
cblr-7157	152	1	some	some	DET
cblr-7157	152	2	transactions	transaction	NOUN
cblr-7157	152	3	,	,	PUNCT
cblr-7157	152	4	of	of	ADP
cblr-7157	152	5	course	course	NOUN
cblr-7157	152	6	,	,	PUNCT
cblr-7157	152	7	will	will	AUX
cblr-7157	152	8	still	still	ADV
cblr-7157	152	9	take	take	VERB
cblr-7157	152	10	place	place	NOUN
cblr-7157	152	11	through	through	ADP
cblr-7157	152	12	contracting	contracting	NOUN
cblr-7157	152	13	in	in	ADP
cblr-7157	152	14	markets	market	NOUN
cblr-7157	152	15	,	,	PUNCT
cblr-7157	152	16	but	but	CCONJ
cblr-7157	152	17	only	only	ADV
cblr-7157	152	18	where	where	SCONJ
cblr-7157	152	19	the	the	DET
cblr-7157	152	20	transaction	transaction	NOUN
cblr-7157	152	21	costs	cost	VERB
cblr-7157	152	22	warrant	warrant	VERB
cblr-7157	152	23	such	such	ADJ
cblr-7157	152	24	market	market	NOUN
cblr-7157	152	25	contracts	contract	NOUN
cblr-7157	152	26	.	.	PUNCT
cblr-7157	153	1	in	in	ADP
cblr-7157	153	2	other	other	ADJ
cblr-7157	153	3	transactions	transaction	NOUN
cblr-7157	153	4	the	the	DET
cblr-7157	153	5	firm	firm	ADJ
cblr-7157	153	6	economizes	economize	VERB
cblr-7157	153	7	on	on	ADP
cblr-7157	153	8	transaction	transaction	NOUN
cblr-7157	153	9	costs	cost	NOUN
cblr-7157	153	10	by	by	ADP
cblr-7157	153	11	allowing	allow	VERB
cblr-7157	153	12	its	its	PRON
cblr-7157	153	13	internal	internal	ADJ
cblr-7157	153	14	hierarchy	hierarchy	NOUN
cblr-7157	153	15	or	or	CCONJ
cblr-7157	153	16	fiat	fiat	NOUN
cblr-7157	153	17	to	to	PART
cblr-7157	153	18	take	take	VERB
cblr-7157	153	19	the	the	DET
cblr-7157	153	20	place	place	NOUN
cblr-7157	153	21	of	of	ADP
cblr-7157	153	22	a	a	DET
cblr-7157	153	23	market	market	NOUN
cblr-7157	153	24	exchange	exchange	NOUN
cblr-7157	153	25	.	.	PUNCT
cblr-7157	154	1	25	25	NUM
cblr-7157	154	2	coase	coase	NOUN
cblr-7157	154	3	,	,	PUNCT
cblr-7157	154	4	supra	supra	PROPN
cblr-7157	154	5	note	note	NOUN
cblr-7157	154	6	19	19	NUM
cblr-7157	154	7	.	.	NOUN
cblr-7157	154	8	26	26	NUM
cblr-7157	154	9	coase	coase	NOUN
cblr-7157	154	10	,	,	PUNCT
cblr-7157	154	11	supra	supra	PROPN
cblr-7157	154	12	note	note	PROPN
cblr-7157	154	13	19	19	NUM
cblr-7157	154	14	,	,	PUNCT
cblr-7157	154	15	at	at	ADP
cblr-7157	154	16	390	390	NUM
cblr-7157	154	17	(	(	PUNCT
cblr-7157	154	18	“	"	PUNCT
cblr-7157	154	19	our	our	PRON
cblr-7157	154	20	task	task	NOUN
cblr-7157	154	21	is	be	AUX
cblr-7157	154	22	to	to	PART
cblr-7157	154	23	attempt	attempt	VERB
cblr-7157	154	24	to	to	PART
cblr-7157	154	25	discover	discover	VERB
cblr-7157	154	26	why	why	SCONJ
cblr-7157	154	27	a	a	DET
cblr-7157	154	28	firm	firm	NOUN
cblr-7157	154	29	emerges	emerge	VERB
cblr-7157	154	30	at	at	ADV
cblr-7157	154	31	all	all	ADV
cblr-7157	154	32	in	in	ADP
cblr-7157	154	33	a	a	DET
cblr-7157	154	34	specialised	specialised	ADJ
cblr-7157	154	35	exchange	exchange	NOUN
cblr-7157	154	36	economy	economy	NOUN
cblr-7157	154	37	.	.	PUNCT
cblr-7157	154	38	”	"	PUNCT
cblr-7157	154	39	)	)	PUNCT
cblr-7157	154	40	.	.	PUNCT
cblr-7157	155	1	27	27	NUM
cblr-7157	156	1	i	i	PRON
cblr-7157	156	2	d.	d.	VERB
cblr-7157	156	3	at	at	ADP
cblr-7157	156	4	390–91	390–91	NUM
cblr-7157	156	5	.	.	PUNCT
cblr-7157	157	1	28	28	NUM
cblr-7157	158	1	i	i	PRON
cblr-7157	158	2	d.	d.	PROPN
cblr-7157	158	3	at	at	ADP
cblr-7157	158	4	390	390	NUM
cblr-7157	158	5	(	(	PUNCT
cblr-7157	158	6	“	"	PUNCT
cblr-7157	158	7	the	the	DET
cblr-7157	158	8	main	main	ADJ
cblr-7157	158	9	reason	reason	NOUN
cblr-7157	158	10	why	why	SCONJ
cblr-7157	158	11	it	it	PRON
cblr-7157	158	12	is	be	AUX
cblr-7157	158	13	profitable	profitable	ADJ
cblr-7157	158	14	to	to	PART
cblr-7157	158	15	establish	establish	VERB
cblr-7157	158	16	a	a	DET
cblr-7157	158	17	firm	firm	NOUN
cblr-7157	158	18	would	would	AUX
cblr-7157	158	19	seem	seem	VERB
cblr-7157	158	20	to	to	PART
cblr-7157	158	21	be	be	AUX
cblr-7157	158	22	that	that	SCONJ
cblr-7157	158	23	there	there	PRON
cblr-7157	158	24	is	be	VERB
cblr-7157	158	25	a	a	DET
cblr-7157	158	26	cost	cost	NOUN
cblr-7157	158	27	of	of	ADP
cblr-7157	158	28	using	use	VERB
cblr-7157	158	29	the	the	DET
cblr-7157	158	30	price	price	NOUN
cblr-7157	158	31	mechanism	mechanism	NOUN
cblr-7157	158	32	.	.	PUNCT
cblr-7157	159	1	the	the	DET
cblr-7157	159	2	most	most	ADV
cblr-7157	159	3	obvious	obvious	ADJ
cblr-7157	159	4	cost	cost	NOUN
cblr-7157	159	5	of	of	ADP
cblr-7157	159	6	‘	'	PUNCT
cblr-7157	159	7	organizing	organize	VERB
cblr-7157	159	8	’	'	PUNCT
cblr-7157	159	9	production	production	NOUN
cblr-7157	159	10	through	through	ADP
cblr-7157	159	11	the	the	DET
cblr-7157	159	12	price	price	NOUN
cblr-7157	159	13	mechanism	mechanism	NOUN
cblr-7157	159	14	is	be	AUX
cblr-7157	159	15	that	that	PRON
cblr-7157	159	16	of	of	ADP
cblr-7157	159	17	discovering	discover	VERB
cblr-7157	159	18	what	what	PRON
cblr-7157	159	19	the	the	DET
cblr-7157	159	20	relevant	relevant	ADJ
cblr-7157	159	21	prices	price	NOUN
cblr-7157	159	22	are	be	AUX
cblr-7157	159	23	.	.	PUNCT
cblr-7157	159	24	”	"	PUNCT
cblr-7157	159	25	)	)	PUNCT
cblr-7157	159	26	.	.	PUNCT
cblr-7157	160	1	29	29	NUM
cblr-7157	160	2	see	see	VERB
cblr-7157	160	3	i	i	PRON
cblr-7157	160	4	d.	d.	PROPN
cblr-7157	160	5	at	at	ADP
cblr-7157	160	6	391	391	NUM
cblr-7157	160	7	.	.	PUNCT
cblr-7157	161	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	161	2	(	(	PUNCT
cblr-7157	161	3	do	do	AUX
cblr-7157	161	4	not	not	PART
cblr-7157	161	5	delete	delete	VERB
cblr-7157	161	6	)	)	PUNCT
cblr-7157	161	7	10/2/2020	10/2/2020	NUM
cblr-7157	161	8	11:44	11:44	NUM
cblr-7157	161	9	am	be	AUX
cblr-7157	161	10	no	no	NOUN
cblr-7157	161	11	.	.	PUNCT
cblr-7157	161	12	1:1	1:1	NUM
cblr-7157	161	13	]	]	X
cblr-7157	161	14	a	a	DET
cblr-7157	161	15	property	property	NOUN
cblr-7157	161	16	theory	theory	NOUN
cblr-7157	161	17	13	13	NUM
cblr-7157	161	18	coase	coase	PROPN
cblr-7157	161	19	’s	’s	PART
cblr-7157	161	20	theory	theory	NOUN
cblr-7157	161	21	of	of	ADP
cblr-7157	161	22	the	the	DET
cblr-7157	161	23	firm	firm	NOUN
cblr-7157	161	24	originated	originate	VERB
cblr-7157	161	25	the	the	DET
cblr-7157	161	26	nexus	nexus	NOUN
cblr-7157	161	27	of	of	ADP
cblr-7157	161	28	contracts	contract	NOUN
cblr-7157	161	29	idea	idea	NOUN
cblr-7157	161	30	but	but	CCONJ
cblr-7157	161	31	did	do	AUX
cblr-7157	161	32	not	not	PART
cblr-7157	161	33	describe	describe	VERB
cblr-7157	161	34	a	a	DET
cblr-7157	161	35	pure	pure	ADJ
cblr-7157	161	36	contractarian	contractarian	ADJ
cblr-7157	161	37	account	account	NOUN
cblr-7157	161	38	.	.	PUNCT
cblr-7157	162	1	instead	instead	ADV
cblr-7157	162	2	,	,	PUNCT
cblr-7157	162	3	it	it	PRON
cblr-7157	162	4	specifically	specifically	ADV
cblr-7157	162	5	provided	provide	VERB
cblr-7157	162	6	for	for	ADP
cblr-7157	162	7	non	non	ADJ
cblr-7157	162	8	-	-	NOUN
cblr-7157	162	9	market	market	ADJ
cblr-7157	162	10	(	(	PUNCT
cblr-7157	162	11	intra	intra	ADJ
cblr-7157	162	12	-	-	ADJ
cblr-7157	162	13	firm	firm	ADJ
cblr-7157	162	14	)	)	PUNCT
cblr-7157	162	15	transactions.30	transactions.30	VERB
cblr-7157	162	16	the	the	DET
cblr-7157	162	17	contractual	contractual	ADJ
cblr-7157	162	18	perspective	perspective	NOUN
cblr-7157	162	19	took	take	VERB
cblr-7157	162	20	its	its	PRON
cblr-7157	162	21	next	next	ADJ
cblr-7157	162	22	step	step	NOUN
cblr-7157	162	23	with	with	ADP
cblr-7157	162	24	alchian	alchian	ADJ
cblr-7157	162	25	and	and	CCONJ
cblr-7157	162	26	demsetz	demsetz	VERB
cblr-7157	162	27	’s	’s	PART
cblr-7157	162	28	critique	critique	NOUN
cblr-7157	162	29	decades	decade	NOUN
cblr-7157	162	30	later.31	later.31	VERB
cblr-7157	162	31	alchian	alchian	NOUN
cblr-7157	162	32	and	and	CCONJ
cblr-7157	162	33	demsetz	demsetz	VERB
cblr-7157	162	34	argued	argue	VERB
cblr-7157	162	35	that	that	SCONJ
cblr-7157	162	36	relationships	relationship	NOUN
cblr-7157	162	37	inside	inside	ADP
cblr-7157	162	38	the	the	DET
cblr-7157	162	39	firm	firm	NOUN
cblr-7157	162	40	are	be	AUX
cblr-7157	162	41	contracts	contract	NOUN
cblr-7157	162	42	just	just	ADV
cblr-7157	162	43	like	like	ADP
cblr-7157	162	44	those	those	PRON
cblr-7157	162	45	outside	outside	ADP
cblr-7157	162	46	the	the	DET
cblr-7157	162	47	firm.32	firm.32	NOUN
cblr-7157	162	48	for	for	ADP
cblr-7157	162	49	example	example	NOUN
cblr-7157	162	50	,	,	PUNCT
cblr-7157	162	51	an	an	DET
cblr-7157	162	52	entrepreneur	entrepreneur	NOUN
cblr-7157	162	53	’s	’s	PART
cblr-7157	162	54	relationship	relationship	NOUN
cblr-7157	162	55	with	with	ADP
cblr-7157	162	56	an	an	DET
cblr-7157	162	57	employee	employee	NOUN
cblr-7157	162	58	differs	differ	VERB
cblr-7157	162	59	little	little	ADJ
cblr-7157	162	60	from	from	ADP
cblr-7157	162	61	the	the	DET
cblr-7157	162	62	entrepreneur	entrepreneur	NOUN
cblr-7157	162	63	’s	’s	PART
cblr-7157	162	64	relationship	relationship	NOUN
cblr-7157	162	65	with	with	ADP
cblr-7157	162	66	a	a	DET
cblr-7157	162	67	contractor	contractor	NOUN
cblr-7157	162	68	.	.	PUNCT
cblr-7157	163	1	in	in	ADP
cblr-7157	163	2	both	both	DET
cblr-7157	163	3	cases	case	NOUN
cblr-7157	163	4	the	the	DET
cblr-7157	163	5	entrepreneur	entrepreneur	NOUN
cblr-7157	163	6	gives	give	VERB
cblr-7157	163	7	instructions	instruction	NOUN
cblr-7157	163	8	,	,	PUNCT
cblr-7157	163	9	and	and	CCONJ
cblr-7157	163	10	the	the	DET
cblr-7157	163	11	other	other	ADJ
cblr-7157	163	12	party	party	NOUN
cblr-7157	163	13	can	can	AUX
cblr-7157	163	14	either	either	CCONJ
cblr-7157	163	15	agree	agree	VERB
cblr-7157	163	16	to	to	ADP
cblr-7157	163	17	the	the	DET
cblr-7157	163	18	terms	term	NOUN
cblr-7157	163	19	or	or	CCONJ
cblr-7157	163	20	not	not	PART
cblr-7157	163	21	.	.	PUNCT
cblr-7157	164	1	in	in	ADP
cblr-7157	164	2	a	a	DET
cblr-7157	164	3	sense	sense	NOUN
cblr-7157	164	4	,	,	PUNCT
cblr-7157	164	5	because	because	SCONJ
cblr-7157	164	6	all	all	DET
cblr-7157	164	7	relationships	relationship	NOUN
cblr-7157	164	8	in	in	ADP
cblr-7157	164	9	their	their	PRON
cblr-7157	164	10	model	model	NOUN
cblr-7157	164	11	are	be	AUX
cblr-7157	164	12	contractual	contractual	ADJ
cblr-7157	164	13	(	(	PUNCT
cblr-7157	164	14	as	as	SCONJ
cblr-7157	164	15	opposed	oppose	VERB
cblr-7157	164	16	to	to	ADP
cblr-7157	164	17	a	a	DET
cblr-7157	164	18	mix	mix	NOUN
cblr-7157	164	19	of	of	ADP
cblr-7157	164	20	contract	contract	NOUN
cblr-7157	164	21	and	and	CCONJ
cblr-7157	164	22	hierarchy	hierarchy	NOUN
cblr-7157	164	23	in	in	ADP
cblr-7157	164	24	coase	coase	PROPN
cblr-7157	164	25	’s	’s	PART
cblr-7157	164	26	formulation	formulation	NOUN
cblr-7157	164	27	)	)	PUNCT
cblr-7157	164	28	,	,	PUNCT
cblr-7157	164	29	alchian	alchian	NOUN
cblr-7157	164	30	and	and	CCONJ
cblr-7157	164	31	demsetz	demsetz	VERB
cblr-7157	164	32	are	be	AUX
cblr-7157	164	33	the	the	DET
cblr-7157	164	34	originators	originator	NOUN
cblr-7157	164	35	of	of	ADP
cblr-7157	164	36	the	the	DET
cblr-7157	164	37	nexus	nexus	NOUN
cblr-7157	164	38	concept.33	concept.33	NOUN
cblr-7157	164	39	the	the	DET
cblr-7157	164	40	alchian	alchian	ADJ
cblr-7157	164	41	and	and	CCONJ
cblr-7157	164	42	demsetz	demsetz	ADJ
cblr-7157	164	43	approach	approach	NOUN
cblr-7157	164	44	,	,	PUNCT
cblr-7157	164	45	although	although	SCONJ
cblr-7157	164	46	starkly	starkly	ADV
cblr-7157	164	47	contractarian	contractarian	ADJ
cblr-7157	164	48	,	,	PUNCT
cblr-7157	164	49	largely	largely	ADV
cblr-7157	164	50	sidestepped	sidestep	VERB
cblr-7157	164	51	the	the	DET
cblr-7157	164	52	question	question	NOUN
cblr-7157	164	53	of	of	ADP
cblr-7157	164	54	property	property	NOUN
cblr-7157	164	55	in	in	ADP
cblr-7157	164	56	the	the	DET
cblr-7157	164	57	corporation	corporation	NOUN
cblr-7157	164	58	.	.	PUNCT
cblr-7157	165	1	the	the	DET
cblr-7157	165	2	alchian	alchian	ADJ
cblr-7157	165	3	and	and	CCONJ
cblr-7157	165	4	demsetz	demsetz	ADJ
cblr-7157	165	5	contractarian	contractarian	ADJ
cblr-7157	165	6	argument	argument	NOUN
cblr-7157	165	7	emerged	emerge	VERB
cblr-7157	165	8	against	against	ADP
cblr-7157	165	9	the	the	DET
cblr-7157	165	10	backdrop	backdrop	NOUN
cblr-7157	165	11	of	of	ADP
cblr-7157	165	12	the	the	DET
cblr-7157	165	13	coasean	coasean	ADJ
cblr-7157	165	14	dichotomy	dichotomy	NOUN
cblr-7157	165	15	between	between	ADP
cblr-7157	165	16	“	"	PUNCT
cblr-7157	165	17	hierarchy	hierarchy	NOUN
cblr-7157	165	18	”	"	PUNCT
cblr-7157	165	19	and	and	CCONJ
cblr-7157	165	20	“	"	PUNCT
cblr-7157	165	21	market	market	NOUN
cblr-7157	165	22	/	/	SYM
cblr-7157	165	23	contract	contract	NOUN
cblr-7157	165	24	,	,	PUNCT
cblr-7157	165	25	”	"	PUNCT
cblr-7157	165	26	not	not	PART
cblr-7157	165	27	the	the	DET
cblr-7157	165	28	legal	legal	ADJ
cblr-7157	165	29	distinction	distinction	NOUN
cblr-7157	165	30	between	between	ADP
cblr-7157	165	31	property	property	NOUN
cblr-7157	165	32	and	and	CCONJ
cblr-7157	165	33	contract	contract	NOUN
cblr-7157	165	34	.	.	PUNCT
cblr-7157	166	1	the	the	DET
cblr-7157	166	2	alchian	alchian	ADJ
cblr-7157	166	3	and	and	CCONJ
cblr-7157	166	4	demsetz	demsetz	ADJ
cblr-7157	166	5	model	model	NOUN
cblr-7157	166	6	retained	retain	VERB
cblr-7157	166	7	a	a	DET
cblr-7157	166	8	traditional	traditional	ADJ
cblr-7157	166	9	“	"	PUNCT
cblr-7157	166	10	owner	owner	NOUN
cblr-7157	166	11	”	"	PUNCT
cblr-7157	166	12	who	who	PRON
cblr-7157	166	13	combined	combine	VERB
cblr-7157	166	14	residual	residual	ADJ
cblr-7157	166	15	rights	right	NOUN
cblr-7157	166	16	and	and	CCONJ
cblr-7157	166	17	monitoring	monitor	VERB
cblr-7157	166	18	responsibility.34	responsibility.34	NOUN
cblr-7157	166	19	indeed	indeed	ADV
cblr-7157	166	20	,	,	PUNCT
cblr-7157	166	21	the	the	DET
cblr-7157	166	22	paper	paper	NOUN
cblr-7157	166	23	contained	contain	VERB
cblr-7157	166	24	a	a	DET
cblr-7157	166	25	nearly	nearly	ADV
cblr-7157	166	26	full	full	ADJ
cblr-7157	166	27	-	-	PUNCT
cblr-7157	166	28	page	page	NOUN
cblr-7157	166	29	extended	extend	VERB
cblr-7157	166	30	footnote	footnote	NOUN
cblr-7157	166	31	about	about	ADP
cblr-7157	166	32	the	the	DET
cblr-7157	166	33	concept	concept	NOUN
cblr-7157	166	34	of	of	ADP
cblr-7157	166	35	ownership	ownership	NOUN
cblr-7157	166	36	that	that	PRON
cblr-7157	166	37	questioned	question	VERB
cblr-7157	166	38	the	the	DET
cblr-7157	166	39	need	need	NOUN
cblr-7157	166	40	for	for	SCONJ
cblr-7157	166	41	ownership	ownership	NOUN
cblr-7157	166	42	to	to	PART
cblr-7157	166	43	follow	follow	VERB
cblr-7157	166	44	the	the	DET
cblr-7157	166	45	equity	equity	NOUN
cblr-7157	166	46	interest	interest	NOUN
cblr-7157	166	47	,	,	PUNCT
cblr-7157	166	48	but	but	CCONJ
cblr-7157	166	49	without	without	ADP
cblr-7157	166	50	questioning	question	VERB
cblr-7157	166	51	the	the	DET
cblr-7157	166	52	30	30	NUM
cblr-7157	166	53	coase	coase	NOUN
cblr-7157	166	54	,	,	PUNCT
cblr-7157	166	55	supra	supra	PROPN
cblr-7157	166	56	note	note	PROPN
cblr-7157	166	57	19	19	NUM
cblr-7157	166	58	,	,	PUNCT
cblr-7157	166	59	at	at	ADP
cblr-7157	166	60	388	388	NUM
cblr-7157	166	61	.	.	PUNCT
cblr-7157	166	62	31	31	NUM
cblr-7157	166	63	see	see	VERB
cblr-7157	166	64	armen	armen	PROPN
cblr-7157	166	65	a.	a.	PROPN
cblr-7157	166	66	alchian	alchian	PROPN
cblr-7157	166	67	&	&	CCONJ
cblr-7157	166	68	harold	harold	PROPN
cblr-7157	166	69	demsetz	demsetz	PROPN
cblr-7157	166	70	,	,	PUNCT
cblr-7157	166	71	production	production	NOUN
cblr-7157	166	72	,	,	PUNCT
cblr-7157	166	73	information	information	NOUN
cblr-7157	166	74	costs	cost	NOUN
cblr-7157	166	75	,	,	PUNCT
cblr-7157	166	76	and	and	CCONJ
cblr-7157	166	77	economic	economic	ADJ
cblr-7157	166	78	organization	organization	NOUN
cblr-7157	166	79	,	,	PUNCT
cblr-7157	166	80	62	62	NUM
cblr-7157	166	81	am	am	NOUN
cblr-7157	166	82	.	.	PUNCT
cblr-7157	167	1	econ	econ	AUX
cblr-7157	167	2	.	.	PUNCT
cblr-7157	167	3	rev	rev	PROPN
cblr-7157	167	4	.	.	PROPN
cblr-7157	167	5	777	777	NUM
cblr-7157	167	6	,	,	PUNCT
cblr-7157	167	7	784–85	784–85	NOUN
cblr-7157	167	8	(	(	PUNCT
cblr-7157	167	9	1972	1972	NUM
cblr-7157	167	10	)	)	PUNCT
cblr-7157	167	11	.	.	PUNCT
cblr-7157	168	1	32	32	NUM
cblr-7157	169	1	i	i	PRON
cblr-7157	169	2	d.	d.	PROPN
cblr-7157	169	3	at	at	ADP
cblr-7157	169	4	777	777	NUM
cblr-7157	169	5	(	(	PUNCT
cblr-7157	169	6	arguing	argue	VERB
cblr-7157	169	7	that	that	SCONJ
cblr-7157	169	8	the	the	DET
cblr-7157	169	9	“	"	PUNCT
cblr-7157	169	10	power	power	NOUN
cblr-7157	169	11	to	to	PART
cblr-7157	169	12	settle	settle	VERB
cblr-7157	169	13	issues	issue	NOUN
cblr-7157	169	14	”	"	PUNCT
cblr-7157	169	15	inside	inside	ADP
cblr-7157	169	16	the	the	DET
cblr-7157	169	17	firm	firm	NOUN
cblr-7157	169	18	is	be	AUX
cblr-7157	169	19	no	no	ADV
cblr-7157	169	20	different	different	ADJ
cblr-7157	169	21	from	from	ADP
cblr-7157	169	22	that	that	PRON
cblr-7157	169	23	in	in	ADP
cblr-7157	169	24	“	"	PUNCT
cblr-7157	169	25	ordinary	ordinary	ADJ
cblr-7157	169	26	market	market	NOUN
cblr-7157	169	27	contracting	contracting	NOUN
cblr-7157	169	28	”	"	PUNCT
cblr-7157	169	29	)	)	PUNCT
cblr-7157	169	30	.	.	PUNCT
cblr-7157	170	1	33	33	NUM
cblr-7157	170	2	see	see	VERB
cblr-7157	170	3	thomas	thomas	PROPN
cblr-7157	170	4	s.	s.	PROPN
cblr-7157	170	5	ulen	ulen	PROPN
cblr-7157	170	6	,	,	PUNCT
cblr-7157	170	7	the	the	DET
cblr-7157	170	8	coasean	coasean	ADJ
cblr-7157	170	9	firm	firm	NOUN
cblr-7157	170	10	in	in	ADP
cblr-7157	170	11	law	law	NOUN
cblr-7157	170	12	and	and	CCONJ
cblr-7157	170	13	economics	economic	NOUN
cblr-7157	170	14	,	,	PUNCT
cblr-7157	170	15	18	18	NUM
cblr-7157	170	16	j.	j.	PROPN
cblr-7157	170	17	corp	corp	PROPN
cblr-7157	170	18	.	.	PROPN
cblr-7157	170	19	l.	l.	PROPN
cblr-7157	170	20	301	301	NUM
cblr-7157	170	21	,	,	PUNCT
cblr-7157	170	22	319	319	NUM
cblr-7157	170	23	(	(	PUNCT
cblr-7157	170	24	1993	1993	NUM
cblr-7157	170	25	)	)	PUNCT
cblr-7157	170	26	(	(	PUNCT
cblr-7157	170	27	explaining	explain	VERB
cblr-7157	170	28	that	that	SCONJ
cblr-7157	170	29	the	the	DET
cblr-7157	170	30	alchian	alchian	ADJ
cblr-7157	170	31	and	and	CCONJ
cblr-7157	170	32	demsetz	demsetz	ADJ
cblr-7157	170	33	approach	approach	NOUN
cblr-7157	170	34	“	"	PUNCT
cblr-7157	170	35	rather	rather	ADV
cblr-7157	170	36	than	than	ADP
cblr-7157	170	37	that	that	PRON
cblr-7157	170	38	of	of	ADP
cblr-7157	170	39	coase	coase	PROPN
cblr-7157	170	40	,	,	PUNCT
cblr-7157	170	41	gave	give	VERB
cblr-7157	170	42	rise	rise	NOUN
cblr-7157	170	43	to	to	ADP
cblr-7157	170	44	a	a	DET
cblr-7157	170	45	vision	vision	NOUN
cblr-7157	170	46	of	of	ADP
cblr-7157	170	47	the	the	DET
cblr-7157	170	48	modern	modern	ADJ
cblr-7157	170	49	corporation	corporation	NOUN
cblr-7157	170	50	as	as	ADP
cblr-7157	170	51	an	an	DET
cblr-7157	170	52	agglomeration	agglomeration	NOUN
cblr-7157	170	53	of	of	ADP
cblr-7157	170	54	contractual	contractual	ADJ
cblr-7157	170	55	relations	relation	NOUN
cblr-7157	170	56	,	,	PUNCT
cblr-7157	170	57	a	a	DET
cblr-7157	170	58	view	view	NOUN
cblr-7157	170	59	called	call	VERB
cblr-7157	170	60	the	the	DET
cblr-7157	170	61	nexusof	nexusof	ADJ
cblr-7157	170	62	-	-	PUNCT
cblr-7157	170	63	contracts	contract	NOUN
cblr-7157	170	64	view	view	NOUN
cblr-7157	170	65	”	"	PUNCT
cblr-7157	170	66	)	)	PUNCT
cblr-7157	170	67	.	.	PUNCT
cblr-7157	171	1	34	34	NUM
cblr-7157	171	2	see	see	VERB
cblr-7157	171	3	alchian	alchian	PROPN
cblr-7157	171	4	&	&	CCONJ
cblr-7157	171	5	demsetz	demsetz	PROPN
cblr-7157	171	6	,	,	PUNCT
cblr-7157	171	7	supra	supra	PROPN
cblr-7157	171	8	note	note	PROPN
cblr-7157	171	9	31	31	NUM
cblr-7157	171	10	,	,	PUNCT
cblr-7157	171	11	at	at	ADP
cblr-7157	171	12	783	783	NUM
cblr-7157	171	13	(	(	PUNCT
cblr-7157	171	14	“	"	PUNCT
cblr-7157	171	15	it	it	PRON
cblr-7157	171	16	is	be	AUX
cblr-7157	171	17	this	this	DET
cblr-7157	171	18	entire	entire	ADJ
cblr-7157	171	19	bundle	bundle	NOUN
cblr-7157	171	20	of	of	ADP
cblr-7157	171	21	rights	right	NOUN
cblr-7157	171	22	:	:	PUNCT
cblr-7157	171	23	1	1	X
cblr-7157	171	24	)	)	PUNCT
cblr-7157	171	25	to	to	PART
cblr-7157	171	26	be	be	AUX
cblr-7157	171	27	a	a	DET
cblr-7157	171	28	residual	residual	ADJ
cblr-7157	171	29	claimant	claimant	NOUN
cblr-7157	171	30	;	;	PUNCT
cblr-7157	171	31	2	2	X
cblr-7157	171	32	)	)	PUNCT
cblr-7157	171	33	to	to	PART
cblr-7157	171	34	observe	observe	VERB
cblr-7157	171	35	input	input	NOUN
cblr-7157	171	36	behavior	behavior	NOUN
cblr-7157	171	37	;	;	PUNCT
cblr-7157	171	38	3	3	X
cblr-7157	171	39	)	)	PUNCT
cblr-7157	171	40	to	to	PART
cblr-7157	171	41	be	be	AUX
cblr-7157	171	42	the	the	DET
cblr-7157	171	43	central	central	ADJ
cblr-7157	171	44	party	party	NOUN
cblr-7157	171	45	common	common	ADJ
cblr-7157	171	46	to	to	ADP
cblr-7157	171	47	all	all	DET
cblr-7157	171	48	contracts	contract	NOUN
cblr-7157	171	49	with	with	ADP
cblr-7157	171	50	inputs	input	NOUN
cblr-7157	171	51	;	;	PUNCT
cblr-7157	171	52	4	4	NUM
cblr-7157	171	53	)	)	PUNCT
cblr-7157	171	54	to	to	PART
cblr-7157	171	55	alter	alter	VERB
cblr-7157	171	56	the	the	DET
cblr-7157	171	57	membership	membership	NOUN
cblr-7157	171	58	of	of	ADP
cblr-7157	171	59	the	the	DET
cblr-7157	171	60	team	team	NOUN
cblr-7157	171	61	;	;	PUNCT
cblr-7157	171	62	and	and	CCONJ
cblr-7157	171	63	5	5	NUM
cblr-7157	171	64	)	)	PUNCT
cblr-7157	171	65	to	to	PART
cblr-7157	171	66	sell	sell	VERB
cblr-7157	171	67	these	these	DET
cblr-7157	171	68	rights	right	NOUN
cblr-7157	171	69	,	,	PUNCT
cblr-7157	171	70	that	that	PRON
cblr-7157	171	71	defines	define	VERB
cblr-7157	171	72	the	the	DET
cblr-7157	171	73	ownership	ownership	NOUN
cblr-7157	171	74	(	(	PUNCT
cblr-7157	171	75	or	or	CCONJ
cblr-7157	171	76	the	the	DET
cblr-7157	171	77	employer	employer	NOUN
cblr-7157	171	78	)	)	PUNCT
cblr-7157	171	79	of	of	ADP
cblr-7157	171	80	the	the	DET
cblr-7157	171	81	classical	classical	ADJ
cblr-7157	171	82	(	(	PUNCT
cblr-7157	171	83	capitalist	capitalist	ADJ
cblr-7157	171	84	,	,	PUNCT
cblr-7157	171	85	free	free	ADJ
cblr-7157	171	86	-	-	PUNCT
cblr-7157	171	87	enterprise	enterprise	NOUN
cblr-7157	171	88	)	)	PUNCT
cblr-7157	171	89	firm	firm	NOUN
cblr-7157	171	90	.	.	PUNCT
cblr-7157	171	91	”	"	PUNCT
cblr-7157	171	92	)	)	PUNCT
cblr-7157	171	93	.	.	PUNCT
cblr-7157	172	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	172	2	(	(	PUNCT
cblr-7157	172	3	do	do	AUX
cblr-7157	172	4	not	not	PART
cblr-7157	172	5	delte	delte	VERB
cblr-7157	172	6	)	)	PUNCT
cblr-7157	172	7	10/2/2020	10/2/2020	NUM
cblr-7157	172	8	11:44	11:44	NUM
cblr-7157	172	9	am	am	NOUN
cblr-7157	172	10	14	14	NUM
cblr-7157	172	11	columbia	columbia	PROPN
cblr-7157	172	12	business	business	NOUN
cblr-7157	172	13	law	law	PROPN
cblr-7157	172	14	review	review	NOUN
cblr-7157	173	1	[	[	X
cblr-7157	173	2	vol	vol	NOUN
cblr-7157	173	3	.	.	PUNCT
cblr-7157	173	4	2020	2020	NUM
cblr-7157	173	5	idea	idea	NOUN
cblr-7157	173	6	of	of	ADP
cblr-7157	173	7	ownership	ownership	NOUN
cblr-7157	173	8	itself.35	itself.35	NOUN
cblr-7157	173	9	that	that	DET
cblr-7157	173	10	issue	issue	NOUN
cblr-7157	173	11	was	be	AUX
cblr-7157	173	12	not	not	PART
cblr-7157	173	13	at	at	ADP
cblr-7157	173	14	the	the	DET
cblr-7157	173	15	forefront	forefront	NOUN
cblr-7157	173	16	of	of	ADP
cblr-7157	173	17	the	the	DET
cblr-7157	173	18	alchian	alchian	ADJ
cblr-7157	173	19	and	and	CCONJ
cblr-7157	173	20	demsetz	demsetz	VERB
cblr-7157	173	21	analysis	analysis	NOUN
cblr-7157	173	22	,	,	PUNCT
cblr-7157	173	23	probably	probably	ADV
cblr-7157	173	24	because	because	SCONJ
cblr-7157	173	25	their	their	PRON
cblr-7157	173	26	analysis	analysis	NOUN
cblr-7157	173	27	did	do	AUX
cblr-7157	173	28	not	not	PART
cblr-7157	173	29	account	account	VERB
cblr-7157	173	30	for	for	ADP
cblr-7157	173	31	an	an	DET
cblr-7157	173	32	investor	investor	NOUN
cblr-7157	173	33	-	-	PUNCT
cblr-7157	173	34	financed	finance	VERB
cblr-7157	173	35	company	company	NOUN
cblr-7157	173	36	where	where	SCONJ
cblr-7157	173	37	control	control	NOUN
cblr-7157	173	38	and	and	CCONJ
cblr-7157	173	39	residual	residual	ADJ
cblr-7157	173	40	rights	right	NOUN
cblr-7157	173	41	are	be	AUX
cblr-7157	173	42	separated	separate	VERB
cblr-7157	173	43	.	.	PUNCT
cblr-7157	174	1	jensen	jensen	PROPN
cblr-7157	174	2	and	and	CCONJ
cblr-7157	174	3	meckling	meckling	NOUN
cblr-7157	174	4	tackled	tackle	VERB
cblr-7157	174	5	this	this	DET
cblr-7157	174	6	latter	latter	ADJ
cblr-7157	174	7	question	question	NOUN
cblr-7157	174	8	—	—	PUNCT
cblr-7157	174	9	of	of	ADP
cblr-7157	174	10	how	how	SCONJ
cblr-7157	174	11	investor	investor	NOUN
cblr-7157	174	12	financing	financing	NOUN
cblr-7157	174	13	affects	affect	VERB
cblr-7157	174	14	the	the	DET
cblr-7157	174	15	nature	nature	NOUN
cblr-7157	174	16	of	of	ADP
cblr-7157	174	17	the	the	DET
cblr-7157	174	18	firm	firm	NOUN
cblr-7157	174	19	—	—	PUNCT
cblr-7157	174	20	in	in	ADP
cblr-7157	174	21	their	their	PRON
cblr-7157	174	22	classic	classic	ADJ
cblr-7157	174	23	article	article	NOUN
cblr-7157	174	24	,	,	PUNCT
cblr-7157	174	25	theory	theory	NOUN
cblr-7157	174	26	of	of	ADP
cblr-7157	174	27	the	the	DET
cblr-7157	174	28	firm	firm	NOUN
cblr-7157	174	29	:	:	PUNCT
cblr-7157	174	30	managerial	managerial	ADJ
cblr-7157	174	31	behavior	behavior	NOUN
cblr-7157	174	32	,	,	PUNCT
cblr-7157	174	33	agency	agency	NOUN
cblr-7157	174	34	costs	cost	NOUN
cblr-7157	174	35	and	and	CCONJ
cblr-7157	174	36	ownership	ownership	NOUN
cblr-7157	174	37	structure.36	structure.36	NOUN
cblr-7157	174	38	the	the	DET
cblr-7157	174	39	main	main	ADJ
cblr-7157	174	40	initial	initial	ADJ
cblr-7157	174	41	contribution	contribution	NOUN
cblr-7157	174	42	of	of	ADP
cblr-7157	174	43	this	this	DET
cblr-7157	174	44	path	path	NOUN
cblr-7157	174	45	-	-	PUNCT
cblr-7157	174	46	breaking	break	VERB
cblr-7157	174	47	article	article	NOUN
cblr-7157	174	48	,	,	PUNCT
cblr-7157	174	49	often	often	ADV
cblr-7157	174	50	credited	credit	VERB
cblr-7157	174	51	with	with	ADP
cblr-7157	174	52	introducing	introduce	VERB
cblr-7157	174	53	the	the	DET
cblr-7157	174	54	“	"	PUNCT
cblr-7157	174	55	nexus	nexus	NOUN
cblr-7157	174	56	”	"	PUNCT
cblr-7157	174	57	concept	concept	NOUN
cblr-7157	174	58	,	,	PUNCT
cblr-7157	174	59	was	be	AUX
cblr-7157	174	60	to	to	PART
cblr-7157	174	61	demonstrate	demonstrate	VERB
cblr-7157	174	62	how	how	SCONJ
cblr-7157	174	63	agency	agency	NOUN
cblr-7157	174	64	costs	cost	VERB
cblr-7157	174	65	rise	rise	VERB
cblr-7157	174	66	as	as	ADP
cblr-7157	174	67	outside	outside	ADJ
cblr-7157	174	68	financing	financing	NOUN
cblr-7157	174	69	increases.37	increases.37	NOUN
cblr-7157	174	70	that	that	PRON
cblr-7157	174	71	is	be	AUX
cblr-7157	174	72	,	,	PUNCT
cblr-7157	174	73	jensen	jensen	PROPN
cblr-7157	174	74	and	and	CCONJ
cblr-7157	174	75	meckling	meckling	NOUN
cblr-7157	174	76	presented	present	VERB
cblr-7157	174	77	an	an	DET
cblr-7157	174	78	essential	essential	ADJ
cblr-7157	174	79	piece	piece	NOUN
cblr-7157	174	80	for	for	ADP
cblr-7157	174	81	a	a	DET
cblr-7157	174	82	theory	theory	NOUN
cblr-7157	174	83	of	of	ADP
cblr-7157	174	84	the	the	DET
cblr-7157	174	85	complex	complex	ADJ
cblr-7157	174	86	firm	firm	NOUN
cblr-7157	174	87	—	—	PUNCT
cblr-7157	174	88	the	the	DET
cblr-7157	174	89	agency	agency	NOUN
cblr-7157	174	90	costs	cost	VERB
cblr-7157	174	91	that	that	PRON
cblr-7157	174	92	arise	arise	VERB
cblr-7157	174	93	when	when	SCONJ
cblr-7157	174	94	a	a	DET
cblr-7157	174	95	firm	firm	NOUN
cblr-7157	174	96	receives	receive	VERB
cblr-7157	174	97	financing	financing	NOUN
cblr-7157	174	98	from	from	ADP
cblr-7157	174	99	outside	outside	ADJ
cblr-7157	174	100	investors	investor	NOUN
cblr-7157	174	101	.	.	PUNCT
cblr-7157	175	1	by	by	ADP
cblr-7157	175	2	introducing	introduce	VERB
cblr-7157	175	3	the	the	DET
cblr-7157	175	4	essential	essential	ADJ
cblr-7157	175	5	concept	concept	NOUN
cblr-7157	175	6	of	of	ADP
cblr-7157	175	7	agency	agency	NOUN
cblr-7157	175	8	costs	cost	NOUN
cblr-7157	175	9	,	,	PUNCT
cblr-7157	175	10	over	over	ADP
cblr-7157	175	11	time	time	NOUN
cblr-7157	175	12	jensen	jensen	PROPN
cblr-7157	175	13	and	and	CCONJ
cblr-7157	175	14	meckling	meckling	NOUN
cblr-7157	175	15	came	come	VERB
cblr-7157	175	16	to	to	PART
cblr-7157	175	17	be	be	AUX
cblr-7157	175	18	seen	see	VERB
cblr-7157	175	19	as	as	ADP
cblr-7157	175	20	laying	lay	VERB
cblr-7157	175	21	a	a	DET
cblr-7157	175	22	microeconomic	microeconomic	ADJ
cblr-7157	175	23	foundation	foundation	NOUN
cblr-7157	175	24	for	for	ADP
cblr-7157	175	25	the	the	DET
cblr-7157	175	26	organizational	organizational	ADJ
cblr-7157	175	27	theory	theory	NOUN
cblr-7157	175	28	of	of	ADP
cblr-7157	175	29	the	the	DET
cblr-7157	175	30	firm	firm	NOUN
cblr-7157	175	31	.	.	PUNCT
cblr-7157	176	1	the	the	DET
cblr-7157	176	2	most	most	ADV
cblr-7157	176	3	relevant	relevant	ADJ
cblr-7157	176	4	point	point	NOUN
cblr-7157	176	5	for	for	ADP
cblr-7157	176	6	present	present	ADJ
cblr-7157	176	7	purposes	purpose	NOUN
cblr-7157	176	8	is	be	AUX
cblr-7157	176	9	that	that	SCONJ
cblr-7157	176	10	the	the	DET
cblr-7157	176	11	jensen	jensen	PROPN
cblr-7157	176	12	and	and	CCONJ
cblr-7157	176	13	meckling	meckle	VERB
cblr-7157	176	14	approach	approach	NOUN
cblr-7157	176	15	conceives	conceive	NOUN
cblr-7157	176	16	of	of	ADP
cblr-7157	176	17	the	the	DET
cblr-7157	176	18	firm	firm	NOUN
cblr-7157	176	19	as	as	ADP
cblr-7157	176	20	purely	purely	ADV
cblr-7157	176	21	contractual.38	contractual.38	NOUN
cblr-7157	176	22	from	from	ADP
cblr-7157	176	23	this	this	DET
cblr-7157	176	24	perspective	perspective	NOUN
cblr-7157	176	25	,	,	PUNCT
cblr-7157	176	26	all	all	DET
cblr-7157	176	27	claims	claim	NOUN
cblr-7157	176	28	on	on	ADP
cblr-7157	176	29	the	the	DET
cblr-7157	176	30	corporation	corporation	NOUN
cblr-7157	176	31	are	be	AUX
cblr-7157	176	32	essentially	essentially	ADV
cblr-7157	176	33	contractual	contractual	ADJ
cblr-7157	176	34	and	and	CCONJ
cblr-7157	176	35	“	"	PUNCT
cblr-7157	176	36	it	it	PRON
cblr-7157	176	37	makes	make	VERB
cblr-7157	176	38	little	little	ADJ
cblr-7157	176	39	or	or	CCONJ
cblr-7157	176	40	no	no	PRON
cblr-7157	176	41	sense	sense	NOUN
cblr-7157	176	42	to	to	PART
cblr-7157	176	43	try	try	VERB
cblr-7157	176	44	to	to	PART
cblr-7157	176	45	distinguish	distinguish	VERB
cblr-7157	176	46	those	those	DET
cblr-7157	176	47	things	thing	NOUN
cblr-7157	176	48	which	which	PRON
cblr-7157	176	49	are	be	AUX
cblr-7157	176	50	‘	'	PUNCT
cblr-7157	176	51	inside	inside	ADJ
cblr-7157	176	52	’	'	PUNCT
cblr-7157	176	53	the	the	DET
cblr-7157	176	54	firm	firm	NOUN
cblr-7157	176	55	(	(	PUNCT
cblr-7157	176	56	or	or	CCONJ
cblr-7157	176	57	any	any	DET
cblr-7157	176	58	other	other	ADJ
cblr-7157	176	59	organization	organization	NOUN
cblr-7157	176	60	)	)	PUNCT
cblr-7157	176	61	from	from	ADP
cblr-7157	176	62	those	those	DET
cblr-7157	176	63	things	thing	NOUN
cblr-7157	176	64	that	that	PRON
cblr-7157	176	65	are	be	AUX
cblr-7157	176	66	‘	'	PUNCT
cblr-7157	176	67	outside	outside	ADJ
cblr-7157	176	68	’	'	PUNCT
cblr-7157	176	69	of	of	ADP
cblr-7157	176	70	it	it	PRON
cblr-7157	176	71	.	.	PUNCT
cblr-7157	177	1	”39	”39	PROPN
cblr-7157	177	2	this	this	PRON
cblr-7157	177	3	marked	mark	VERB
cblr-7157	177	4	a	a	DET
cblr-7157	177	5	transition	transition	NOUN
cblr-7157	177	6	in	in	ADP
cblr-7157	177	7	the	the	DET
cblr-7157	177	8	theory	theory	NOUN
cblr-7157	177	9	of	of	ADP
cblr-7157	177	10	the	the	DET
cblr-7157	177	11	firm	firm	NOUN
cblr-7157	177	12	towards	towards	ADP
cblr-7157	177	13	a	a	DET
cblr-7157	177	14	potential	potential	ADJ
cblr-7157	177	15	theory	theory	NOUN
cblr-7157	177	16	of	of	ADP
cblr-7157	177	17	corporate	corporate	ADJ
cblr-7157	177	18	law	law	NOUN
cblr-7157	177	19	,	,	PUNCT
cblr-7157	177	20	because	because	SCONJ
cblr-7157	177	21	jensen	jensen	PROPN
cblr-7157	177	22	and	and	CCONJ
cblr-7157	177	23	meckling	meckling	NOUN
cblr-7157	177	24	included	include	VERB
cblr-7157	177	25	suppliers	supplier	NOUN
cblr-7157	177	26	of	of	ADP
cblr-7157	177	27	capital	capital	NOUN
cblr-7157	177	28	,	,	PUNCT
cblr-7157	177	29	like	like	ADP
cblr-7157	177	30	shareholders	shareholder	NOUN
cblr-7157	177	31	,	,	PUNCT
cblr-7157	177	32	in	in	ADP
cblr-7157	177	33	their	their	PRON
cblr-7157	177	34	model	model	NOUN
cblr-7157	177	35	.	.	PUNCT
cblr-7157	178	1	in	in	ADP
cblr-7157	178	2	other	other	ADJ
cblr-7157	178	3	words	word	NOUN
cblr-7157	178	4	,	,	PUNCT
cblr-7157	178	5	jensen	jensen	PROPN
cblr-7157	178	6	and	and	CCONJ
cblr-7157	178	7	meckling	meckling	NOUN
cblr-7157	178	8	escaped	escape	VERB
cblr-7157	178	9	from	from	ADP
cblr-7157	178	10	the	the	DET
cblr-7157	178	11	assumption	assumption	NOUN
cblr-7157	178	12	of	of	ADP
cblr-7157	178	13	identity	identity	NOUN
cblr-7157	178	14	between	between	ADP
cblr-7157	178	15	shareholders	shareholder	NOUN
cblr-7157	178	16	and	and	CCONJ
cblr-7157	178	17	the	the	DET
cblr-7157	178	18	“	"	PUNCT
cblr-7157	178	19	entrepreneur	entrepreneur	NOUN
cblr-7157	178	20	”	"	PUNCT
cblr-7157	178	21	in	in	ADP
cblr-7157	178	22	previous	previous	ADJ
cblr-7157	178	23	models	model	NOUN
cblr-7157	178	24	,	,	PUNCT
cblr-7157	178	25	making	make	VERB
cblr-7157	178	26	a	a	DET
cblr-7157	178	27	35	35	NUM
cblr-7157	178	28	as	as	SCONJ
cblr-7157	178	29	discussed	discuss	VERB
cblr-7157	178	30	more	more	ADV
cblr-7157	178	31	fully	fully	ADV
cblr-7157	178	32	later	later	ADV
cblr-7157	178	33	,	,	PUNCT
cblr-7157	178	34	properly	properly	ADV
cblr-7157	178	35	read	read	VERB
cblr-7157	178	36	,	,	PUNCT
cblr-7157	178	37	the	the	DET
cblr-7157	178	38	alchian	alchian	ADJ
cblr-7157	178	39	and	and	CCONJ
cblr-7157	178	40	demsetz	demsetz	VERB
cblr-7157	178	41	footnote	footnote	NOUN
cblr-7157	178	42	does	do	AUX
cblr-7157	178	43	not	not	PART
cblr-7157	178	44	question	question	VERB
cblr-7157	178	45	the	the	DET
cblr-7157	178	46	concept	concept	NOUN
cblr-7157	178	47	of	of	ADP
cblr-7157	178	48	corporate	corporate	ADJ
cblr-7157	178	49	ownership	ownership	NOUN
cblr-7157	178	50	.	.	PUNCT
cblr-7157	179	1	instead	instead	ADV
cblr-7157	179	2	,	,	PUNCT
cblr-7157	179	3	they	they	PRON
cblr-7157	179	4	expressly	expressly	ADV
cblr-7157	179	5	identify	identify	VERB
cblr-7157	179	6	ownership	ownership	NOUN
cblr-7157	179	7	with	with	ADP
cblr-7157	179	8	voting	voting	NOUN
cblr-7157	179	9	rights	right	NOUN
cblr-7157	179	10	.	.	PUNCT
cblr-7157	180	1	the	the	DET
cblr-7157	180	2	question	question	NOUN
cblr-7157	180	3	they	they	PRON
cblr-7157	180	4	raise	raise	VERB
cblr-7157	180	5	is	be	AUX
cblr-7157	180	6	whether	whether	SCONJ
cblr-7157	180	7	that	that	DET
cblr-7157	180	8	ownership	ownership	NOUN
cblr-7157	180	9	(	(	PUNCT
cblr-7157	180	10	voting	voting	NOUN
cblr-7157	180	11	)	)	PUNCT
cblr-7157	180	12	should	should	AUX
cblr-7157	180	13	be	be	AUX
cblr-7157	180	14	mandatorily	mandatorily	ADV
cblr-7157	180	15	assigned	assign	VERB
cblr-7157	180	16	to	to	ADP
cblr-7157	180	17	the	the	DET
cblr-7157	180	18	residual	residual	ADJ
cblr-7157	180	19	owners	owner	NOUN
cblr-7157	180	20	.	.	PUNCT
cblr-7157	181	1	see	see	VERB
cblr-7157	181	2	infra	infra	NOUN
cblr-7157	181	3	notes	note	VERB
cblr-7157	181	4	270–272	270–272	NUM
cblr-7157	181	5	and	and	CCONJ
cblr-7157	181	6	accompanying	accompany	VERB
cblr-7157	181	7	text	text	NOUN
cblr-7157	181	8	.	.	PUNCT
cblr-7157	182	1	36	36	NUM
cblr-7157	182	2	see	see	VERB
cblr-7157	182	3	jensen	jensen	PROPN
cblr-7157	182	4	&	&	CCONJ
cblr-7157	182	5	meckling	meckling	PROPN
cblr-7157	182	6	,	,	PUNCT
cblr-7157	182	7	supra	supra	PROPN
cblr-7157	182	8	note	note	PROPN
cblr-7157	182	9	10	10	NUM
cblr-7157	182	10	,	,	PUNCT
cblr-7157	182	11	at	at	ADP
cblr-7157	182	12	306	306	NUM
cblr-7157	182	13	.	.	PUNCT
cblr-7157	183	1	37	37	NUM
cblr-7157	183	2	see	see	VERB
cblr-7157	183	3	i	i	PRON
cblr-7157	183	4	d.	d.	PROPN
cblr-7157	183	5	at	at	ADP
cblr-7157	183	6	311	311	NUM
cblr-7157	183	7	(	(	PUNCT
cblr-7157	183	8	“	"	PUNCT
cblr-7157	183	9	the	the	DET
cblr-7157	183	10	private	private	ADJ
cblr-7157	183	11	corporation	corporation	NOUN
cblr-7157	183	12	or	or	CCONJ
cblr-7157	183	13	firm	firm	NOUN
cblr-7157	183	14	is	be	AUX
cblr-7157	183	15	simply	simply	ADV
cblr-7157	183	16	one	one	NUM
cblr-7157	183	17	form	form	NOUN
cblr-7157	183	18	of	of	ADP
cblr-7157	183	19	legal	legal	ADJ
cblr-7157	183	20	fiction	fiction	NOUN
cblr-7157	183	21	which	which	PRON
cblr-7157	183	22	serves	serve	VERB
cblr-7157	183	23	as	as	ADP
cblr-7157	183	24	a	a	DET
cblr-7157	183	25	nexus	nexus	NOUN
cblr-7157	183	26	for	for	ADP
cblr-7157	183	27	contracting	contract	VERB
cblr-7157	183	28	relationships	relationship	NOUN
cblr-7157	183	29	.	.	PUNCT
cblr-7157	183	30	”	"	PUNCT
cblr-7157	183	31	)	)	PUNCT
cblr-7157	183	32	.	.	PUNCT
cblr-7157	184	1	38	38	NUM
cblr-7157	185	1	i	i	PRON
cblr-7157	185	2	d.	d.	PROPN
cblr-7157	185	3	at	at	ADP
cblr-7157	185	4	311	311	NUM
cblr-7157	185	5	.	.	PUNCT
cblr-7157	186	1	39	39	NUM
cblr-7157	186	2	see	see	VERB
cblr-7157	186	3	i	i	PRON
cblr-7157	186	4	d.	d.	PROPN
cblr-7157	186	5	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	186	6	(	(	PUNCT
cblr-7157	186	7	do	do	AUX
cblr-7157	186	8	not	not	PART
cblr-7157	186	9	delete	delete	VERB
cblr-7157	186	10	)	)	PUNCT
cblr-7157	186	11	10/2/2020	10/2/2020	NUM
cblr-7157	186	12	11:44	11:44	NUM
cblr-7157	186	13	am	be	AUX
cblr-7157	186	14	no	no	NOUN
cblr-7157	186	15	.	.	PUNCT
cblr-7157	186	16	1:1	1:1	NUM
cblr-7157	186	17	]	]	X
cblr-7157	186	18	a	a	DET
cblr-7157	186	19	property	property	NOUN
cblr-7157	186	20	theory	theory	NOUN
cblr-7157	186	21	15	15	NUM
cblr-7157	186	22	microeconomic	microeconomic	ADJ
cblr-7157	186	23	theory	theory	NOUN
cblr-7157	186	24	of	of	ADP
cblr-7157	186	25	shareholders	shareholder	NOUN
cblr-7157	186	26	(	(	PUNCT
cblr-7157	186	27	and	and	CCONJ
cblr-7157	186	28	therefore	therefore	ADV
cblr-7157	186	29	corporate	corporate	ADJ
cblr-7157	186	30	law	law	NOUN
cblr-7157	186	31	)	)	PUNCT
cblr-7157	186	32	possible	possible	ADJ
cblr-7157	186	33	.	.	PUNCT
cblr-7157	187	1	the	the	DET
cblr-7157	187	2	culmination	culmination	NOUN
cblr-7157	187	3	of	of	ADP
cblr-7157	187	4	the	the	DET
cblr-7157	187	5	ownership	ownership	NOUN
cblr-7157	187	6	skepticism	skepticism	NOUN
cblr-7157	187	7	in	in	ADP
cblr-7157	187	8	the	the	DET
cblr-7157	187	9	theory	theory	NOUN
cblr-7157	187	10	of	of	ADP
cblr-7157	187	11	the	the	DET
cblr-7157	187	12	firm	firm	NOUN
cblr-7157	187	13	arrived	arrive	VERB
cblr-7157	187	14	with	with	ADP
cblr-7157	187	15	eugene	eugene	PROPN
cblr-7157	187	16	fama	fama	PROPN
cblr-7157	187	17	’s	’s	PART
cblr-7157	187	18	agency	agency	NOUN
cblr-7157	187	19	problems	problem	NOUN
cblr-7157	187	20	and	and	CCONJ
cblr-7157	187	21	the	the	DET
cblr-7157	187	22	theory	theory	NOUN
cblr-7157	187	23	of	of	ADP
cblr-7157	187	24	the	the	DET
cblr-7157	187	25	firm.40	firm.40	PROPN
cblr-7157	187	26	this	this	DET
cblr-7157	187	27	work	work	NOUN
cblr-7157	187	28	continued	continue	VERB
cblr-7157	187	29	squarely	squarely	ADV
cblr-7157	187	30	in	in	ADP
cblr-7157	187	31	the	the	DET
cblr-7157	187	32	nexus	nexus	NOUN
cblr-7157	187	33	of	of	ADP
cblr-7157	187	34	contracts	contract	NOUN
cblr-7157	187	35	perspective	perspective	VERB
cblr-7157	187	36	to	to	PART
cblr-7157	187	37	examine	examine	VERB
cblr-7157	187	38	the	the	DET
cblr-7157	187	39	separation	separation	NOUN
cblr-7157	187	40	of	of	ADP
cblr-7157	187	41	ownership	ownership	NOUN
cblr-7157	187	42	and	and	CCONJ
cblr-7157	187	43	control	control	NOUN
cblr-7157	187	44	,	,	PUNCT
cblr-7157	187	45	this	this	DET
cblr-7157	187	46	time	time	NOUN
cblr-7157	187	47	in	in	ADP
cblr-7157	187	48	the	the	DET
cblr-7157	187	49	public	public	ADJ
cblr-7157	187	50	corporation.41	corporation.41	NOUN
cblr-7157	187	51	the	the	DET
cblr-7157	187	52	work	work	NOUN
cblr-7157	187	53	begins	begin	VERB
cblr-7157	187	54	by	by	ADP
cblr-7157	187	55	rejecting	reject	VERB
cblr-7157	187	56	“	"	PUNCT
cblr-7157	187	57	the	the	DET
cblr-7157	187	58	typical	typical	ADJ
cblr-7157	187	59	presumption	presumption	NOUN
cblr-7157	187	60	that	that	SCONJ
cblr-7157	187	61	a	a	DET
cblr-7157	187	62	corporation	corporation	NOUN
cblr-7157	187	63	has	have	AUX
cblr-7157	187	64	owners	owner	NOUN
cblr-7157	187	65	in	in	ADP
cblr-7157	187	66	any	any	DET
cblr-7157	187	67	meaningful	meaningful	ADJ
cblr-7157	187	68	sense	sense	NOUN
cblr-7157	187	69	.	.	PUNCT
cblr-7157	188	1	”42	”42	VERB
cblr-7157	188	2	fama	fama	PROPN
cblr-7157	188	3	does	do	VERB
cblr-7157	188	4	this	this	PRON
cblr-7157	188	5	because	because	SCONJ
cblr-7157	188	6	in	in	ADP
cblr-7157	188	7	many	many	ADJ
cblr-7157	188	8	cases	case	NOUN
cblr-7157	188	9	the	the	DET
cblr-7157	188	10	widely	widely	ADV
cblr-7157	188	11	dispersed	disperse	VERB
cblr-7157	188	12	shareholder	shareholder	NOUN
cblr-7157	188	13	base	base	NOUN
cblr-7157	188	14	in	in	ADP
cblr-7157	188	15	the	the	DET
cblr-7157	188	16	typical	typical	ADJ
cblr-7157	188	17	public	public	ADJ
cblr-7157	188	18	corporation	corporation	NOUN
cblr-7157	188	19	can	can	AUX
cblr-7157	188	20	not	not	PART
cblr-7157	188	21	exercise	exercise	VERB
cblr-7157	188	22	the	the	DET
cblr-7157	188	23	“	"	PUNCT
cblr-7157	188	24	control	control	NOUN
cblr-7157	188	25	over	over	ADP
cblr-7157	188	26	a	a	DET
cblr-7157	188	27	firm	firm	NOUN
cblr-7157	188	28	’s	’s	PART
cblr-7157	188	29	decisions	decision	NOUN
cblr-7157	188	30	”	"	PUNCT
cblr-7157	188	31	that	that	PRON
cblr-7157	188	32	most	most	ADJ
cblr-7157	188	33	previous	previous	ADJ
cblr-7157	188	34	models	model	NOUN
cblr-7157	188	35	attributed	attribute	VERB
cblr-7157	188	36	to	to	ADP
cblr-7157	188	37	“	"	PUNCT
cblr-7157	188	38	owners	owner	NOUN
cblr-7157	188	39	.	.	PUNCT
cblr-7157	189	1	”43	”43	PROPN
cblr-7157	189	2	his	his	PRON
cblr-7157	189	3	model	model	NOUN
cblr-7157	189	4	attempted	attempt	VERB
cblr-7157	189	5	to	to	PART
cblr-7157	189	6	show	show	VERB
cblr-7157	189	7	that	that	SCONJ
cblr-7157	189	8	the	the	DET
cblr-7157	189	9	“	"	PUNCT
cblr-7157	189	10	separation	separation	NOUN
cblr-7157	189	11	of	of	ADP
cblr-7157	189	12	security	security	NOUN
cblr-7157	189	13	ownership	ownership	NOUN
cblr-7157	189	14	and	and	CCONJ
cblr-7157	189	15	control	control	NOUN
cblr-7157	189	16	can	can	AUX
cblr-7157	189	17	be	be	AUX
cblr-7157	189	18	explained	explain	VERB
cblr-7157	189	19	as	as	ADP
cblr-7157	189	20	an	an	DET
cblr-7157	189	21	efficient	efficient	ADJ
cblr-7157	189	22	form	form	NOUN
cblr-7157	189	23	of	of	ADP
cblr-7157	189	24	economic	economic	ADJ
cblr-7157	189	25	organization	organization	NOUN
cblr-7157	189	26	.	.	PUNCT
cblr-7157	190	1	”44	”44	PROPN
cblr-7157	190	2	in	in	ADP
cblr-7157	190	3	other	other	ADJ
cblr-7157	190	4	words	word	NOUN
cblr-7157	190	5	,	,	PUNCT
cblr-7157	190	6	fama	fama	PROPN
cblr-7157	190	7	’s	’s	PART
cblr-7157	190	8	model	model	NOUN
cblr-7157	190	9	eliminated	eliminate	VERB
cblr-7157	190	10	the	the	DET
cblr-7157	190	11	concept	concept	NOUN
cblr-7157	190	12	of	of	ADP
cblr-7157	190	13	ownership	ownership	NOUN
cblr-7157	190	14	as	as	ADP
cblr-7157	190	15	an	an	DET
cblr-7157	190	16	assumption	assumption	NOUN
cblr-7157	190	17	,	,	PUNCT
cblr-7157	190	18	not	not	PART
cblr-7157	190	19	a	a	DET
cblr-7157	190	20	conclusion	conclusion	NOUN
cblr-7157	190	21	.	.	PUNCT
cblr-7157	191	1	taken	take	VERB
cblr-7157	191	2	together	together	ADV
cblr-7157	191	3	,	,	PUNCT
cblr-7157	191	4	these	these	DET
cblr-7157	191	5	invaluable	invaluable	ADJ
cblr-7157	191	6	papers	paper	NOUN
cblr-7157	191	7	moved	move	VERB
cblr-7157	191	8	beyond	beyond	ADP
cblr-7157	191	9	studying	study	VERB
cblr-7157	191	10	the	the	DET
cblr-7157	191	11	firm	firm	NOUN
cblr-7157	191	12	as	as	ADP
cblr-7157	191	13	a	a	DET
cblr-7157	191	14	“	"	PUNCT
cblr-7157	191	15	black	black	ADJ
cblr-7157	191	16	box	box	NOUN
cblr-7157	191	17	”	"	PUNCT
cblr-7157	191	18	in	in	ADP
cblr-7157	191	19	a	a	DET
cblr-7157	191	20	market	market	NOUN
cblr-7157	191	21	economy	economy	NOUN
cblr-7157	191	22	.	.	PUNCT
cblr-7157	192	1	instead	instead	ADV
cblr-7157	192	2	,	,	PUNCT
cblr-7157	192	3	the	the	DET
cblr-7157	192	4	new	new	ADJ
cblr-7157	192	5	contractarian	contractarian	ADJ
cblr-7157	192	6	perspective	perspective	PROPN
cblr-7157	192	7	examined	examine	VERB
cblr-7157	192	8	the	the	DET
cblr-7157	192	9	individual	individual	ADJ
cblr-7157	192	10	incentives	incentive	NOUN
cblr-7157	192	11	of	of	ADP
cblr-7157	192	12	those	those	PRON
cblr-7157	192	13	inside	inside	ADP
cblr-7157	192	14	the	the	DET
cblr-7157	192	15	firm	firm	NOUN
cblr-7157	192	16	,	,	PUNCT
cblr-7157	192	17	establishing	establish	VERB
cblr-7157	192	18	microeconomic	microeconomic	ADJ
cblr-7157	192	19	foundations	foundation	NOUN
cblr-7157	192	20	of	of	ADP
cblr-7157	192	21	organizational	organizational	ADJ
cblr-7157	192	22	action	action	NOUN
cblr-7157	192	23	.	.	PUNCT
cblr-7157	193	1	the	the	DET
cblr-7157	193	2	microanalytic	microanalytic	ADJ
cblr-7157	193	3	approach	approach	NOUN
cblr-7157	193	4	refrains	refrain	VERB
cblr-7157	193	5	from	from	ADP
cblr-7157	193	6	anthropomorphizing	anthropomorphize	VERB
cblr-7157	193	7	the	the	DET
cblr-7157	193	8	firm	firm	NOUN
cblr-7157	193	9	,	,	PUNCT
cblr-7157	193	10	recognizing	recognize	VERB
cblr-7157	193	11	that	that	SCONJ
cblr-7157	193	12	the	the	DET
cblr-7157	193	13	corporation	corporation	NOUN
cblr-7157	193	14	is	be	AUX
cblr-7157	193	15	a	a	DET
cblr-7157	193	16	“	"	PUNCT
cblr-7157	193	17	they	they	PRON
cblr-7157	193	18	”	"	PUNCT
cblr-7157	193	19	and	and	CCONJ
cblr-7157	193	20	not	not	PART
cblr-7157	193	21	an	an	DET
cblr-7157	193	22	“	"	PUNCT
cblr-7157	193	23	it	it	PRON
cblr-7157	193	24	.	.	PUNCT
cblr-7157	194	1	”45	”45	PROPN
cblr-7157	194	2	it	it	PRON
cblr-7157	194	3	frees	free	VERB
cblr-7157	194	4	the	the	DET
cblr-7157	194	5	theory	theory	NOUN
cblr-7157	194	6	of	of	ADP
cblr-7157	194	7	the	the	DET
cblr-7157	194	8	firm	firm	NOUN
cblr-7157	194	9	from	from	ADP
cblr-7157	194	10	the	the	DET
cblr-7157	194	11	baggage	baggage	NOUN
cblr-7157	194	12	of	of	ADP
cblr-7157	194	13	the	the	DET
cblr-7157	194	14	reified	reified	ADJ
cblr-7157	194	15	entity	entity	NOUN
cblr-7157	194	16	that	that	PRON
cblr-7157	194	17	presumably	presumably	ADV
cblr-7157	194	18	could	could	AUX
cblr-7157	194	19	not	not	PART
cblr-7157	194	20	otherwise	otherwise	ADV
cblr-7157	194	21	exist	exist	VERB
cblr-7157	194	22	,	,	PUNCT
cblr-7157	194	23	allowing	allow	VERB
cblr-7157	194	24	40	40	NUM
cblr-7157	194	25	eugene	eugene	PROPN
cblr-7157	194	26	f.	f.	PROPN
cblr-7157	194	27	fama	fama	PROPN
cblr-7157	194	28	,	,	PUNCT
cblr-7157	194	29	agency	agency	NOUN
cblr-7157	194	30	problems	problem	NOUN
cblr-7157	194	31	and	and	CCONJ
cblr-7157	194	32	the	the	DET
cblr-7157	194	33	theory	theory	NOUN
cblr-7157	194	34	of	of	ADP
cblr-7157	194	35	the	the	DET
cblr-7157	194	36	firm	firm	NOUN
cblr-7157	194	37	,	,	PUNCT
cblr-7157	194	38	88	88	NUM
cblr-7157	194	39	j.	j.	PROPN
cblr-7157	194	40	pol	pol	PROPN
cblr-7157	194	41	.	.	PUNCT
cblr-7157	194	42	econ	econ	PROPN
cblr-7157	194	43	.	.	PUNCT
cblr-7157	195	1	288	288	NUM
cblr-7157	195	2	(	(	PUNCT
cblr-7157	195	3	1980	1980	NUM
cblr-7157	195	4	)	)	PUNCT
cblr-7157	195	5	.	.	PUNCT
cblr-7157	196	1	41	41	NUM
cblr-7157	197	1	i	i	PRON
cblr-7157	197	2	d.	d.	PROPN
cblr-7157	197	3	at	at	ADP
cblr-7157	197	4	289	289	NUM
cblr-7157	197	5	(	(	PUNCT
cblr-7157	197	6	explaining	explain	VERB
cblr-7157	197	7	that	that	SCONJ
cblr-7157	197	8	existing	exist	VERB
cblr-7157	197	9	literature	literature	NOUN
cblr-7157	197	10	fails	fail	VERB
cblr-7157	197	11	to	to	PART
cblr-7157	197	12	account	account	VERB
cblr-7157	197	13	for	for	ADP
cblr-7157	197	14	large	large	ADJ
cblr-7157	197	15	firms	firm	NOUN
cblr-7157	197	16	where	where	SCONJ
cblr-7157	197	17	ownership	ownership	NOUN
cblr-7157	197	18	and	and	CCONJ
cblr-7157	197	19	control	control	NOUN
cblr-7157	197	20	are	be	AUX
cblr-7157	197	21	separated	separate	VERB
cblr-7157	197	22	,	,	PUNCT
cblr-7157	197	23	and	and	CCONJ
cblr-7157	197	24	setting	set	VERB
cblr-7157	197	25	forth	forth	ADP
cblr-7157	197	26	a	a	DET
cblr-7157	197	27	new	new	ADJ
cblr-7157	197	28	thesis	thesis	NOUN
cblr-7157	197	29	based	base	VERB
cblr-7157	197	30	on	on	ADP
cblr-7157	197	31	a	a	DET
cblr-7157	197	32	“	"	PUNCT
cblr-7157	197	33	set	set	NOUN
cblr-7157	197	34	of	of	ADP
cblr-7157	197	35	contracts	contract	NOUN
cblr-7157	197	36	”	"	PUNCT
cblr-7157	197	37	approach	approach	NOUN
cblr-7157	197	38	)	)	PUNCT
cblr-7157	197	39	.	.	PUNCT
cblr-7157	198	1	42	42	NUM
cblr-7157	199	1	i	i	PRON
cblr-7157	199	2	d.	d.	VERB
cblr-7157	199	3	at	at	ADP
cblr-7157	199	4	289	289	NUM
cblr-7157	199	5	.	.	PUNCT
cblr-7157	200	1	43	43	NUM
cblr-7157	201	1	i	i	PRON
cblr-7157	201	2	d.	d.	PROPN
cblr-7157	201	3	at	at	ADP
cblr-7157	201	4	290	290	NUM
cblr-7157	201	5	(	(	PUNCT
cblr-7157	201	6	“	"	PUNCT
cblr-7157	201	7	dispelling	dispel	VERB
cblr-7157	201	8	the	the	DET
cblr-7157	201	9	tenacious	tenacious	ADJ
cblr-7157	201	10	notion	notion	NOUN
cblr-7157	201	11	that	that	SCONJ
cblr-7157	201	12	a	a	DET
cblr-7157	201	13	firm	firm	NOUN
cblr-7157	201	14	is	be	AUX
cblr-7157	201	15	owned	own	VERB
cblr-7157	201	16	by	by	ADP
cblr-7157	201	17	its	its	PRON
cblr-7157	201	18	security	security	NOUN
cblr-7157	201	19	holders	holder	NOUN
cblr-7157	201	20	is	be	AUX
cblr-7157	201	21	important	important	ADJ
cblr-7157	201	22	because	because	SCONJ
cblr-7157	201	23	it	it	PRON
cblr-7157	201	24	is	be	AUX
cblr-7157	201	25	a	a	DET
cblr-7157	201	26	first	first	ADJ
cblr-7157	201	27	step	step	NOUN
cblr-7157	201	28	toward	toward	ADP
cblr-7157	201	29	understanding	understanding	NOUN
cblr-7157	201	30	that	that	DET
cblr-7157	201	31	control	control	NOUN
cblr-7157	201	32	over	over	ADP
cblr-7157	201	33	a	a	DET
cblr-7157	201	34	firm	firm	NOUN
cblr-7157	201	35	's	's	PART
cblr-7157	201	36	decisions	decision	NOUN
cblr-7157	201	37	is	be	AUX
cblr-7157	201	38	not	not	PART
cblr-7157	201	39	necessarily	necessarily	ADV
cblr-7157	201	40	the	the	DET
cblr-7157	201	41	province	province	NOUN
cblr-7157	201	42	of	of	ADP
cblr-7157	201	43	security	security	NOUN
cblr-7157	201	44	holders	holder	NOUN
cblr-7157	201	45	.	.	PUNCT
cblr-7157	201	46	”	"	PUNCT
cblr-7157	201	47	)	)	PUNCT
cblr-7157	201	48	.	.	PUNCT
cblr-7157	202	1	44	44	NUM
cblr-7157	203	1	i	i	PRON
cblr-7157	203	2	d.	d.	VERB
cblr-7157	203	3	at	at	ADP
cblr-7157	203	4	289	289	NUM
cblr-7157	203	5	.	.	PUNCT
cblr-7157	204	1	45	45	NUM
cblr-7157	204	2	kenneth	kenneth	PROPN
cblr-7157	204	3	shepsle	shepsle	PROPN
cblr-7157	204	4	famously	famously	ADV
cblr-7157	204	5	made	make	VERB
cblr-7157	204	6	a	a	DET
cblr-7157	204	7	similar	similar	ADJ
cblr-7157	204	8	observation	observation	NOUN
cblr-7157	204	9	for	for	ADP
cblr-7157	204	10	congress	congress	PROPN
cblr-7157	204	11	.	.	PUNCT
cblr-7157	205	1	see	see	VERB
cblr-7157	205	2	kenneth	kenneth	PROPN
cblr-7157	205	3	a.	a.	PROPN
cblr-7157	205	4	shepsle	shepsle	PROPN
cblr-7157	205	5	,	,	PUNCT
cblr-7157	205	6	congress	congress	PROPN
cblr-7157	205	7	is	be	AUX
cblr-7157	205	8	a	a	DET
cblr-7157	205	9	“	"	PUNCT
cblr-7157	205	10	they	they	PRON
cblr-7157	205	11	,	,	PUNCT
cblr-7157	205	12	”	"	PUNCT
cblr-7157	205	13	not	not	PART
cblr-7157	205	14	an	an	DET
cblr-7157	205	15	“	"	PUNCT
cblr-7157	205	16	it	it	PRON
cblr-7157	205	17	”	"	PUNCT
cblr-7157	205	18	:	:	PUNCT
cblr-7157	205	19	legislative	legislative	ADJ
cblr-7157	205	20	intent	intent	NOUN
cblr-7157	205	21	as	as	ADP
cblr-7157	205	22	oxymoron	oxymoron	NOUN
cblr-7157	205	23	,	,	PUNCT
cblr-7157	205	24	12	12	NUM
cblr-7157	205	25	int’l	int’l	PRON
cblr-7157	205	26	rev	rev	VERB
cblr-7157	205	27	.	.	PROPN
cblr-7157	205	28	l.	l.	PROPN
cblr-7157	205	29	&	&	CCONJ
cblr-7157	205	30	econ	econ	PROPN
cblr-7157	205	31	.	.	PUNCT
cblr-7157	206	1	239	239	NUM
cblr-7157	206	2	,	,	PUNCT
cblr-7157	206	3	244	244	NUM
cblr-7157	206	4	(	(	PUNCT
cblr-7157	206	5	1992	1992	NUM
cblr-7157	206	6	)	)	PUNCT
cblr-7157	206	7	.	.	PUNCT
cblr-7157	207	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	207	2	(	(	PUNCT
cblr-7157	207	3	do	do	AUX
cblr-7157	207	4	not	not	PART
cblr-7157	207	5	delte	delte	VERB
cblr-7157	207	6	)	)	PUNCT
cblr-7157	207	7	10/2/2020	10/2/2020	NUM
cblr-7157	207	8	11:44	11:44	NUM
cblr-7157	207	9	am	be	AUX
cblr-7157	207	10	16	16	NUM
cblr-7157	207	11	columbia	columbia	PROPN
cblr-7157	207	12	business	business	NOUN
cblr-7157	207	13	law	law	PROPN
cblr-7157	207	14	review	review	NOUN
cblr-7157	208	1	[	[	X
cblr-7157	208	2	vol	vol	NOUN
cblr-7157	208	3	.	.	PUNCT
cblr-7157	208	4	2020	2020	NUM
cblr-7157	208	5	economists	economist	NOUN
cblr-7157	208	6	to	to	PART
cblr-7157	208	7	study	study	VERB
cblr-7157	208	8	why	why	SCONJ
cblr-7157	208	9	economic	economic	ADJ
cblr-7157	208	10	arrangements	arrangement	NOUN
cblr-7157	208	11	in	in	ADP
cblr-7157	208	12	the	the	DET
cblr-7157	208	13	firm	firm	NOUN
cblr-7157	208	14	take	take	VERB
cblr-7157	208	15	the	the	DET
cblr-7157	208	16	forms	form	NOUN
cblr-7157	208	17	they	they	PRON
cblr-7157	208	18	do	do	VERB
cblr-7157	208	19	.	.	PUNCT
cblr-7157	209	1	but	but	CCONJ
cblr-7157	209	2	coase	coase	PROPN
cblr-7157	209	3	’s	’s	PART
cblr-7157	209	4	original	original	ADJ
cblr-7157	209	5	query	query	NOUN
cblr-7157	209	6	and	and	CCONJ
cblr-7157	209	7	the	the	DET
cblr-7157	209	8	subsequent	subsequent	ADJ
cblr-7157	209	9	literature	literature	NOUN
cblr-7157	209	10	did	do	AUX
cblr-7157	209	11	not	not	PART
cblr-7157	209	12	say	say	VERB
cblr-7157	209	13	much	much	ADJ
cblr-7157	209	14	about	about	ADP
cblr-7157	209	15	corporate	corporate	ADJ
cblr-7157	209	16	law	law	NOUN
cblr-7157	209	17	,	,	PUNCT
cblr-7157	209	18	focusing	focus	VERB
cblr-7157	209	19	instead	instead	ADV
cblr-7157	209	20	on	on	ADP
cblr-7157	209	21	explaining	explain	VERB
cblr-7157	209	22	economic	economic	ADJ
cblr-7157	209	23	organization	organization	NOUN
cblr-7157	209	24	.	.	PUNCT
cblr-7157	210	1	corporate	corporate	ADJ
cblr-7157	210	2	law	law	NOUN
cblr-7157	210	3	does	do	AUX
cblr-7157	210	4	not	not	PART
cblr-7157	210	5	govern	govern	VERB
cblr-7157	210	6	the	the	DET
cblr-7157	210	7	arrangements	arrangement	NOUN
cblr-7157	210	8	corporations	corporation	NOUN
cblr-7157	210	9	have	have	VERB
cblr-7157	210	10	with	with	ADP
cblr-7157	210	11	suppliers	supplier	NOUN
cblr-7157	210	12	other	other	ADJ
cblr-7157	210	13	than	than	ADP
cblr-7157	210	14	suppliers	supplier	NOUN
cblr-7157	210	15	of	of	ADP
cblr-7157	210	16	capital	capital	NOUN
cblr-7157	210	17	,	,	PUNCT
cblr-7157	210	18	and	and	CCONJ
cblr-7157	210	19	the	the	DET
cblr-7157	210	20	arrangement	arrangement	NOUN
cblr-7157	210	21	business	business	NOUN
cblr-7157	210	22	organizations	organization	NOUN
cblr-7157	210	23	have	have	VERB
cblr-7157	210	24	with	with	ADP
cblr-7157	210	25	their	their	PRON
cblr-7157	210	26	suppliers	supplier	NOUN
cblr-7157	210	27	of	of	ADP
cblr-7157	210	28	capital	capital	NOUN
cblr-7157	210	29	lay	lie	VERB
cblr-7157	210	30	outside	outside	ADP
cblr-7157	210	31	coase	coase	PROPN
cblr-7157	210	32	’s	’s	PART
cblr-7157	210	33	analysis	analysis	NOUN
cblr-7157	210	34	.	.	PUNCT
cblr-7157	211	1	as	as	SCONJ
cblr-7157	211	2	the	the	DET
cblr-7157	211	3	contractual	contractual	ADJ
cblr-7157	211	4	theory	theory	NOUN
cblr-7157	211	5	expanded	expand	VERB
cblr-7157	211	6	to	to	PART
cblr-7157	211	7	consider	consider	VERB
cblr-7157	211	8	the	the	DET
cblr-7157	211	9	question	question	NOUN
cblr-7157	211	10	of	of	ADP
cblr-7157	211	11	outside	outside	ADJ
cblr-7157	211	12	investment	investment	NOUN
cblr-7157	211	13	,	,	PUNCT
cblr-7157	211	14	it	it	PRON
cblr-7157	211	15	began	begin	VERB
cblr-7157	211	16	to	to	PART
cblr-7157	211	17	encompass	encompass	VERB
cblr-7157	211	18	shareholders	shareholder	NOUN
cblr-7157	211	19	.	.	PUNCT
cblr-7157	212	1	the	the	DET
cblr-7157	212	2	question	question	NOUN
cblr-7157	212	3	shifted	shift	VERB
cblr-7157	212	4	from	from	ADP
cblr-7157	212	5	why	why	SCONJ
cblr-7157	212	6	there	there	PRON
cblr-7157	212	7	are	be	VERB
cblr-7157	212	8	firms	firm	NOUN
cblr-7157	212	9	rather	rather	ADV
cblr-7157	212	10	than	than	ADP
cblr-7157	212	11	markets	market	NOUN
cblr-7157	212	12	bargaining	bargain	VERB
cblr-7157	212	13	for	for	ADP
cblr-7157	212	14	the	the	DET
cblr-7157	212	15	factors	factor	NOUN
cblr-7157	212	16	of	of	ADP
cblr-7157	212	17	production	production	NOUN
cblr-7157	212	18	to	to	ADP
cblr-7157	212	19	why	why	SCONJ
cblr-7157	212	20	there	there	PRON
cblr-7157	212	21	are	be	VERB
cblr-7157	212	22	firms	firm	NOUN
cblr-7157	212	23	rather	rather	ADV
cblr-7157	212	24	than	than	ADP
cblr-7157	212	25	contracts	contract	NOUN
cblr-7157	212	26	in	in	ADP
cblr-7157	212	27	the	the	DET
cblr-7157	212	28	market	market	NOUN
cblr-7157	212	29	for	for	ADP
cblr-7157	212	30	capital	capital	NOUN
cblr-7157	212	31	.	.	PUNCT
cblr-7157	213	1	this	this	DET
cblr-7157	213	2	shift	shift	NOUN
cblr-7157	213	3	made	make	VERB
cblr-7157	213	4	it	it	PRON
cblr-7157	213	5	possible	possible	ADJ
cblr-7157	213	6	to	to	PART
cblr-7157	213	7	apply	apply	VERB
cblr-7157	213	8	the	the	DET
cblr-7157	213	9	theory	theory	NOUN
cblr-7157	213	10	of	of	ADP
cblr-7157	213	11	the	the	DET
cblr-7157	213	12	firm	firm	NOUN
cblr-7157	213	13	as	as	ADP
cblr-7157	213	14	a	a	DET
cblr-7157	213	15	theory	theory	NOUN
cblr-7157	213	16	of	of	ADP
cblr-7157	213	17	corporate	corporate	ADJ
cblr-7157	213	18	law	law	NOUN
cblr-7157	213	19	.	.	PUNCT
cblr-7157	214	1	thus	thus	ADV
cblr-7157	214	2	,	,	PUNCT
cblr-7157	214	3	the	the	DET
cblr-7157	214	4	economic	economic	ADJ
cblr-7157	214	5	theory	theory	NOUN
cblr-7157	214	6	of	of	ADP
cblr-7157	214	7	the	the	DET
cblr-7157	214	8	firm	firm	ADJ
cblr-7157	214	9	literature	literature	NOUN
cblr-7157	214	10	set	set	VERB
cblr-7157	214	11	the	the	DET
cblr-7157	214	12	stage	stage	NOUN
cblr-7157	214	13	for	for	ADP
cblr-7157	214	14	a	a	DET
cblr-7157	214	15	new	new	ADJ
cblr-7157	214	16	contractarian	contractarian	ADJ
cblr-7157	214	17	theory	theory	NOUN
cblr-7157	214	18	that	that	PRON
cblr-7157	214	19	moved	move	VERB
cblr-7157	214	20	away	away	ADV
cblr-7157	214	21	from	from	ADP
cblr-7157	214	22	ownership	ownership	NOUN
cblr-7157	214	23	in	in	ADP
cblr-7157	214	24	the	the	DET
cblr-7157	214	25	corporation	corporation	NOUN
cblr-7157	214	26	.	.	PUNCT
cblr-7157	215	1	the	the	DET
cblr-7157	215	2	question	question	NOUN
cblr-7157	215	3	was	be	AUX
cblr-7157	215	4	how	how	SCONJ
cblr-7157	215	5	that	that	DET
cblr-7157	215	6	theory	theory	NOUN
cblr-7157	215	7	would	would	AUX
cblr-7157	215	8	account	account	VERB
cblr-7157	215	9	for	for	ADP
cblr-7157	215	10	the	the	DET
cblr-7157	215	11	shareholder	shareholder	NOUN
cblr-7157	215	12	-	-	PUNCT
cblr-7157	215	13	focused	focus	VERB
cblr-7157	215	14	legal	legal	ADJ
cblr-7157	215	15	institutions	institution	NOUN
cblr-7157	215	16	found	find	VERB
cblr-7157	215	17	in	in	ADP
cblr-7157	215	18	corporate	corporate	ADJ
cblr-7157	215	19	law	law	NOUN
cblr-7157	215	20	.	.	PUNCT
cblr-7157	216	1	b.	b.	PROPN
cblr-7157	217	1	the	the	DET
cblr-7157	217	2	contractual	contractual	ADJ
cblr-7157	217	3	theory	theory	NOUN
cblr-7157	217	4	of	of	ADP
cblr-7157	217	5	the	the	DET
cblr-7157	217	6	corporation	corporation	NOUN
cblr-7157	217	7	the	the	DET
cblr-7157	217	8	contractual	contractual	ADJ
cblr-7157	217	9	theory	theory	NOUN
cblr-7157	217	10	of	of	ADP
cblr-7157	217	11	the	the	DET
cblr-7157	217	12	firm	firm	NOUN
cblr-7157	217	13	is	be	AUX
cblr-7157	217	14	not	not	PART
cblr-7157	217	15	the	the	DET
cblr-7157	217	16	same	same	ADJ
cblr-7157	217	17	as	as	ADP
cblr-7157	217	18	a	a	DET
cblr-7157	217	19	contractual	contractual	ADJ
cblr-7157	217	20	theory	theory	NOUN
cblr-7157	217	21	of	of	ADP
cblr-7157	217	22	the	the	DET
cblr-7157	217	23	corporation	corporation	NOUN
cblr-7157	217	24	as	as	ADP
cblr-7157	217	25	a	a	DET
cblr-7157	217	26	legal	legal	ADJ
cblr-7157	217	27	entity	entity	NOUN
cblr-7157	217	28	,	,	PUNCT
cblr-7157	217	29	but	but	CCONJ
cblr-7157	217	30	it	it	PRON
cblr-7157	217	31	did	do	AUX
cblr-7157	217	32	not	not	PART
cblr-7157	217	33	take	take	VERB
cblr-7157	217	34	long	long	ADV
cblr-7157	217	35	for	for	SCONJ
cblr-7157	217	36	the	the	DET
cblr-7157	217	37	nexus	nexus	NOUN
cblr-7157	217	38	of	of	ADP
cblr-7157	217	39	contracts	contract	NOUN
cblr-7157	217	40	theory	theory	NOUN
cblr-7157	217	41	of	of	ADP
cblr-7157	217	42	the	the	DET
cblr-7157	217	43	firm	firm	NOUN
cblr-7157	217	44	to	to	PART
cblr-7157	217	45	permeate	permeate	VERB
cblr-7157	217	46	the	the	DET
cblr-7157	217	47	legal	legal	ADJ
cblr-7157	217	48	theory	theory	NOUN
cblr-7157	217	49	of	of	ADP
cblr-7157	217	50	the	the	DET
cblr-7157	217	51	corporation	corporation	NOUN
cblr-7157	217	52	.	.	PUNCT
cblr-7157	218	1	although	although	SCONJ
cblr-7157	218	2	there	there	PRON
cblr-7157	218	3	were	be	VERB
cblr-7157	218	4	many	many	ADJ
cblr-7157	218	5	points	point	NOUN
cblr-7157	218	6	of	of	ADP
cblr-7157	218	7	entry	entry	NOUN
cblr-7157	218	8	into	into	ADP
cblr-7157	218	9	legal	legal	ADJ
cblr-7157	218	10	scholarship	scholarship	NOUN
cblr-7157	218	11	,	,	PUNCT
cblr-7157	218	12	the	the	DET
cblr-7157	218	13	enormously	enormously	ADV
cblr-7157	218	14	influential	influential	ADJ
cblr-7157	218	15	work	work	NOUN
cblr-7157	218	16	of	of	ADP
cblr-7157	218	17	easterbrook	easterbrook	PROPN
cblr-7157	218	18	and	and	CCONJ
cblr-7157	218	19	fischel46	fischel46	NOUN
cblr-7157	218	20	emerged	emerge	VERB
cblr-7157	218	21	as	as	ADP
cblr-7157	218	22	the	the	DET
cblr-7157	218	23	most	most	ADV
cblr-7157	218	24	important	important	ADJ
cblr-7157	218	25	and	and	CCONJ
cblr-7157	218	26	remains	remain	VERB
cblr-7157	218	27	the	the	DET
cblr-7157	218	28	classic	classic	ADJ
cblr-7157	218	29	work	work	NOUN
cblr-7157	218	30	within	within	ADP
cblr-7157	218	31	the	the	DET
cblr-7157	218	32	contractarian	contractarian	ADJ
cblr-7157	218	33	paradigm	paradigm	NOUN
cblr-7157	218	34	.	.	PUNCT
cblr-7157	219	1	this	this	DET
cblr-7157	219	2	article	article	NOUN
cblr-7157	219	3	focuses	focus	VERB
cblr-7157	219	4	on	on	ADP
cblr-7157	219	5	easterbrook	easterbrook	PROPN
cblr-7157	219	6	and	and	CCONJ
cblr-7157	219	7	fischel	fischel	PROPN
cblr-7157	219	8	as	as	ADP
cblr-7157	219	9	the	the	DET
cblr-7157	219	10	point	point	NOUN
cblr-7157	219	11	of	of	ADP
cblr-7157	219	12	departure	departure	NOUN
cblr-7157	219	13	and	and	CCONJ
cblr-7157	219	14	the	the	DET
cblr-7157	219	15	touchstone	touchstone	NOUN
cblr-7157	219	16	for	for	ADP
cblr-7157	219	17	the	the	DET
cblr-7157	219	18	contractarian	contractarian	ADJ
cblr-7157	219	19	model	model	NOUN
cblr-7157	219	20	.	.	PUNCT
cblr-7157	220	1	easterbrook	easterbrook	PROPN
cblr-7157	220	2	and	and	CCONJ
cblr-7157	220	3	fischel	fischel	PROPN
cblr-7157	220	4	take	take	VERB
cblr-7157	220	5	the	the	DET
cblr-7157	220	6	nexus	nexus	NOUN
cblr-7157	220	7	of	of	ADP
cblr-7157	220	8	contracts	contract	NOUN
cblr-7157	220	9	approach	approach	NOUN
cblr-7157	220	10	as	as	ADP
cblr-7157	220	11	their	their	PRON
cblr-7157	220	12	starting	starting	NOUN
cblr-7157	220	13	point	point	NOUN
cblr-7157	220	14	and	and	CCONJ
cblr-7157	220	15	attempt	attempt	VERB
cblr-7157	220	16	to	to	PART
cblr-7157	220	17	explain	explain	VERB
cblr-7157	220	18	the	the	DET
cblr-7157	220	19	legal	legal	ADJ
cblr-7157	220	20	institutions	institution	NOUN
cblr-7157	220	21	of	of	ADP
cblr-7157	220	22	corporate	corporate	ADJ
cblr-7157	220	23	law.47	law.47	NOUN
cblr-7157	220	24	their	their	PRON
cblr-7157	220	25	perspective	perspective	NOUN
cblr-7157	220	26	on	on	ADP
cblr-7157	220	27	the	the	DET
cblr-7157	220	28	corporation	corporation	NOUN
cblr-7157	220	29	is	be	AUX
cblr-7157	220	30	purely	purely	ADV
cblr-7157	220	31	contractual	contractual	ADJ
cblr-7157	220	32	,	,	PUNCT
cblr-7157	220	33	viewing	view	VERB
cblr-7157	220	34	a	a	DET
cblr-7157	220	35	state	state	NOUN
cblr-7157	220	36	’s	’s	PART
cblr-7157	220	37	corporate	corporate	ADJ
cblr-7157	220	38	code	code	NOUN
cblr-7157	220	39	46	46	NUM
cblr-7157	220	40	see	see	VERB
cblr-7157	220	41	generally	generally	ADV
cblr-7157	220	42	easterbrook	easterbrook	PROPN
cblr-7157	220	43	&	&	CCONJ
cblr-7157	220	44	fischel	fischel	PROPN
cblr-7157	220	45	,	,	PUNCT
cblr-7157	220	46	supra	supra	PROPN
cblr-7157	220	47	note	note	NOUN
cblr-7157	220	48	2	2	NUM
cblr-7157	220	49	.	.	NUM
cblr-7157	220	50	47	47	NUM
cblr-7157	221	1	i	i	PRON
cblr-7157	221	2	d.	d.	PROPN
cblr-7157	221	3	at	at	ADP
cblr-7157	221	4	15	15	NUM
cblr-7157	221	5	.	.	PUNCT
cblr-7157	222	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	222	2	(	(	PUNCT
cblr-7157	222	3	do	do	AUX
cblr-7157	222	4	not	not	PART
cblr-7157	222	5	delete	delete	VERB
cblr-7157	222	6	)	)	PUNCT
cblr-7157	222	7	10/2/2020	10/2/2020	NUM
cblr-7157	222	8	11:44	11:44	NUM
cblr-7157	222	9	am	be	AUX
cblr-7157	222	10	no	no	NOUN
cblr-7157	222	11	.	.	PUNCT
cblr-7157	222	12	1:1	1:1	NUM
cblr-7157	222	13	]	]	X
cblr-7157	222	14	a	a	DET
cblr-7157	222	15	property	property	NOUN
cblr-7157	222	16	theory	theory	NOUN
cblr-7157	222	17	17	17	NUM
cblr-7157	222	18	as	as	ADP
cblr-7157	222	19	nothing	nothing	PRON
cblr-7157	222	20	but	but	SCONJ
cblr-7157	222	21	a	a	DET
cblr-7157	222	22	set	set	NOUN
cblr-7157	222	23	of	of	ADP
cblr-7157	222	24	“	"	PUNCT
cblr-7157	222	25	off	off	ADP
cblr-7157	222	26	-	-	PUNCT
cblr-7157	222	27	the	the	DET
cblr-7157	222	28	-	-	PUNCT
cblr-7157	222	29	rack	rack	NOUN
cblr-7157	222	30	”	"	PUNCT
cblr-7157	222	31	contract	contract	NOUN
cblr-7157	222	32	terms	term	NOUN
cblr-7157	222	33	that	that	PRON
cblr-7157	222	34	reduce	reduce	VERB
cblr-7157	222	35	the	the	DET
cblr-7157	222	36	cost	cost	NOUN
cblr-7157	222	37	of	of	ADP
cblr-7157	222	38	contracting	contracting	NOUN
cblr-7157	222	39	among	among	ADP
cblr-7157	222	40	parties	party	NOUN
cblr-7157	222	41	to	to	ADP
cblr-7157	222	42	a	a	DET
cblr-7157	222	43	corporate	corporate	ADJ
cblr-7157	222	44	contract.48	contract.48	NOUN
cblr-7157	222	45	the	the	DET
cblr-7157	222	46	assumptions	assumption	NOUN
cblr-7157	222	47	of	of	ADP
cblr-7157	222	48	the	the	DET
cblr-7157	222	49	nexus	nexus	NOUN
cblr-7157	222	50	of	of	ADP
cblr-7157	222	51	contracts	contract	NOUN
cblr-7157	222	52	perspective	perspective	PROPN
cblr-7157	222	53	allow	allow	VERB
cblr-7157	222	54	for	for	SCONJ
cblr-7157	222	55	no	no	DET
cblr-7157	222	56	differentiation	differentiation	NOUN
cblr-7157	222	57	to	to	PART
cblr-7157	222	58	be	be	AUX
cblr-7157	222	59	made	make	VERB
cblr-7157	222	60	between	between	ADP
cblr-7157	222	61	the	the	DET
cblr-7157	222	62	common	common	ADJ
cblr-7157	222	63	stock	stock	NOUN
cblr-7157	222	64	as	as	ADP
cblr-7157	222	65	a	a	DET
cblr-7157	222	66	property	property	NOUN
cblr-7157	222	67	interest	interest	NOUN
cblr-7157	222	68	and	and	CCONJ
cblr-7157	222	69	other	other	ADJ
cblr-7157	222	70	claims	claim	NOUN
cblr-7157	222	71	on	on	ADP
cblr-7157	222	72	the	the	DET
cblr-7157	222	73	corporation	corporation	NOUN
cblr-7157	222	74	arising	arise	VERB
cblr-7157	222	75	in	in	ADP
cblr-7157	222	76	contract	contract	NOUN
cblr-7157	222	77	—	—	PUNCT
cblr-7157	222	78	under	under	ADP
cblr-7157	222	79	that	that	DET
cblr-7157	222	80	view	view	NOUN
cblr-7157	222	81	,	,	PUNCT
cblr-7157	222	82	the	the	DET
cblr-7157	222	83	corporation	corporation	NOUN
cblr-7157	222	84	is	be	AUX
cblr-7157	222	85	all	all	DET
cblr-7157	222	86	contract	contract	NOUN
cblr-7157	222	87	:	:	PUNCT
cblr-7157	222	88	shareholders	shareholder	NOUN
cblr-7157	222	89	are	be	AUX
cblr-7157	222	90	no	no	ADV
cblr-7157	222	91	more	more	ADJ
cblr-7157	222	92	the	the	DET
cblr-7157	222	93	“	"	PUNCT
cblr-7157	222	94	owners	owner	NOUN
cblr-7157	222	95	”	"	PUNCT
cblr-7157	222	96	of	of	ADP
cblr-7157	222	97	the	the	DET
cblr-7157	222	98	firm	firm	NOUN
cblr-7157	222	99	than	than	SCONJ
cblr-7157	222	100	are	be	AUX
cblr-7157	222	101	bondholders	bondholder	NOUN
cblr-7157	222	102	,	,	PUNCT
cblr-7157	222	103	other	other	ADJ
cblr-7157	222	104	creditors	creditor	NOUN
cblr-7157	222	105	,	,	PUNCT
cblr-7157	222	106	and	and	CCONJ
cblr-7157	222	107	employees	employee	NOUN
cblr-7157	222	108	(	(	PUNCT
cblr-7157	222	109	including	include	VERB
cblr-7157	222	110	managers	manager	NOUN
cblr-7157	222	111	)	)	PUNCT
cblr-7157	222	112	who	who	PRON
cblr-7157	222	113	devote	devote	VERB
cblr-7157	222	114	specialized	specialized	ADJ
cblr-7157	222	115	resources	resource	NOUN
cblr-7157	222	116	to	to	ADP
cblr-7157	222	117	the	the	DET
cblr-7157	222	118	enterprise	enterprise	NOUN
cblr-7157	222	119	,	,	PUNCT
cblr-7157	222	120	yet	yet	CCONJ
cblr-7157	222	121	bondholders	bondholder	NOUN
cblr-7157	222	122	and	and	CCONJ
cblr-7157	222	123	employees	employee	NOUN
cblr-7157	222	124	do	do	AUX
cblr-7157	222	125	not	not	PART
cblr-7157	222	126	vote	vote	VERB
cblr-7157	222	127	at	at	ADV
cblr-7157	222	128	all	all	ADV
cblr-7157	222	129	.	.	PUNCT
cblr-7157	223	1	all	all	PRON
cblr-7157	223	2	of	of	ADP
cblr-7157	223	3	these	these	DET
cblr-7157	223	4	participants	participant	NOUN
cblr-7157	223	5	in	in	ADP
cblr-7157	223	6	the	the	DET
cblr-7157	223	7	enterprise	enterprise	NOUN
cblr-7157	223	8	negotiate	negotiate	NOUN
cblr-7157	223	9	contracts	contract	NOUN
cblr-7157	223	10	,	,	PUNCT
cblr-7157	223	11	explicitly	explicitly	ADV
cblr-7157	223	12	or	or	CCONJ
cblr-7157	223	13	implicitly	implicitly	ADV
cblr-7157	223	14	,	,	PUNCT
cblr-7157	223	15	with	with	ADP
cblr-7157	223	16	the	the	DET
cblr-7157	223	17	other	other	ADJ
cblr-7157	223	18	participants	participant	NOUN
cblr-7157	223	19	,	,	PUNCT
cblr-7157	223	20	and	and	CCONJ
cblr-7157	223	21	they	they	PRON
cblr-7157	223	22	obtain	obtain	VERB
cblr-7157	223	23	voting	voting	NOUN
cblr-7157	223	24	rights	right	NOUN
cblr-7157	223	25	only	only	ADV
cblr-7157	223	26	to	to	ADP
cblr-7157	223	27	the	the	DET
cblr-7157	223	28	extent	extent	NOUN
cblr-7157	223	29	those	those	DET
cblr-7157	223	30	rights	right	NOUN
cblr-7157	223	31	are	be	AUX
cblr-7157	223	32	beneficial	beneficial	ADJ
cblr-7157	223	33	to	to	ADP
cblr-7157	223	34	the	the	DET
cblr-7157	223	35	whole	whole	NOUN
cblr-7157	223	36	enterprise.49	enterprise.49	NOUN
cblr-7157	223	37	thus	thus	ADV
cblr-7157	223	38	,	,	PUNCT
cblr-7157	223	39	the	the	DET
cblr-7157	223	40	legal	legal	ADJ
cblr-7157	223	41	institution	institution	NOUN
cblr-7157	223	42	of	of	ADP
cblr-7157	223	43	the	the	DET
cblr-7157	223	44	corporation	corporation	NOUN
cblr-7157	223	45	,	,	PUNCT
cblr-7157	223	46	in	in	ADP
cblr-7157	223	47	the	the	DET
cblr-7157	223	48	nexus	nexus	NOUN
cblr-7157	223	49	of	of	ADP
cblr-7157	223	50	contracts	contract	NOUN
cblr-7157	223	51	approach	approach	NOUN
cblr-7157	223	52	,	,	PUNCT
cblr-7157	223	53	arises	arise	VERB
cblr-7157	223	54	entirely	entirely	ADV
cblr-7157	223	55	from	from	ADP
cblr-7157	223	56	contracts	contract	NOUN
cblr-7157	223	57	among	among	ADP
cblr-7157	223	58	the	the	DET
cblr-7157	223	59	many	many	ADJ
cblr-7157	223	60	claimants	claimant	NOUN
cblr-7157	223	61	on	on	ADP
cblr-7157	223	62	the	the	DET
cblr-7157	223	63	corporation	corporation	NOUN
cblr-7157	223	64	.	.	PUNCT
cblr-7157	224	1	although	although	SCONJ
cblr-7157	224	2	easterbrook	easterbrook	PROPN
cblr-7157	224	3	and	and	CCONJ
cblr-7157	224	4	fischel	fischel	PROPN
cblr-7157	224	5	’s	’s	PART
cblr-7157	224	6	work	work	NOUN
cblr-7157	224	7	offers	offer	VERB
cblr-7157	224	8	a	a	DET
cblr-7157	224	9	comprehensive	comprehensive	ADJ
cblr-7157	224	10	account	account	NOUN
cblr-7157	224	11	of	of	ADP
cblr-7157	224	12	corporate	corporate	ADJ
cblr-7157	224	13	law	law	NOUN
cblr-7157	224	14	,	,	PUNCT
cblr-7157	224	15	for	for	ADP
cblr-7157	224	16	the	the	DET
cblr-7157	224	17	purposes	purpose	NOUN
cblr-7157	224	18	of	of	ADP
cblr-7157	224	19	this	this	DET
cblr-7157	224	20	article	article	NOUN
cblr-7157	224	21	its	its	PRON
cblr-7157	224	22	attempts	attempt	NOUN
cblr-7157	224	23	to	to	PART
cblr-7157	224	24	explain	explain	VERB
cblr-7157	224	25	voting	voting	NOUN
cblr-7157	224	26	rights	right	NOUN
cblr-7157	224	27	and	and	CCONJ
cblr-7157	224	28	fiduciary	fiduciary	ADJ
cblr-7157	224	29	duties	duty	NOUN
cblr-7157	224	30	are	be	AUX
cblr-7157	224	31	the	the	DET
cblr-7157	224	32	most	most	ADV
cblr-7157	224	33	relevant	relevant	ADJ
cblr-7157	224	34	.	.	PUNCT
cblr-7157	225	1	easterbrook	easterbrook	PROPN
cblr-7157	225	2	and	and	CCONJ
cblr-7157	225	3	fischel	fischel	PROPN
cblr-7157	225	4	faced	face	VERB
cblr-7157	225	5	a	a	DET
cblr-7157	225	6	first	first	ADJ
cblr-7157	225	7	challenge	challenge	NOUN
cblr-7157	225	8	in	in	ADP
cblr-7157	225	9	explaining	explain	VERB
cblr-7157	225	10	why	why	SCONJ
cblr-7157	225	11	directors	director	NOUN
cblr-7157	225	12	owed	owe	VERB
cblr-7157	225	13	shareholders	shareholder	NOUN
cblr-7157	225	14	fiduciary	fiduciary	ADJ
cblr-7157	225	15	duties	duty	NOUN
cblr-7157	225	16	within	within	ADP
cblr-7157	225	17	the	the	DET
cblr-7157	225	18	contractarian	contractarian	ADJ
cblr-7157	225	19	paradigm	paradigm	NOUN
cblr-7157	225	20	,	,	PUNCT
cblr-7157	225	21	and	and	CCONJ
cblr-7157	225	22	a	a	DET
cblr-7157	225	23	second	second	ADJ
cblr-7157	225	24	similar	similar	ADJ
cblr-7157	225	25	challenge	challenge	NOUN
cblr-7157	225	26	in	in	ADP
cblr-7157	225	27	explaining	explain	VERB
cblr-7157	225	28	shareholder	shareholder	NOUN
cblr-7157	225	29	voting	voting	NOUN
cblr-7157	225	30	rights.50	rights.50	NOUN
cblr-7157	225	31	after	after	ADV
cblr-7157	225	32	all	all	ADV
cblr-7157	225	33	,	,	PUNCT
cblr-7157	225	34	contractual	contractual	ADJ
cblr-7157	225	35	counterparties	counterpartie	NOUN
cblr-7157	225	36	do	do	AUX
cblr-7157	225	37	not	not	PART
cblr-7157	225	38	typically	typically	ADV
cblr-7157	225	39	have	have	VERB
cblr-7157	225	40	fiduciary	fiduciary	ADJ
cblr-7157	225	41	duties	duty	NOUN
cblr-7157	225	42	to	to	ADP
cblr-7157	225	43	one	one	NUM
cblr-7157	225	44	another	another	DET
cblr-7157	225	45	,	,	PUNCT
cblr-7157	225	46	and	and	CCONJ
cblr-7157	225	47	there	there	PRON
cblr-7157	225	48	is	be	VERB
cblr-7157	225	49	no	no	DET
cblr-7157	225	50	obvious	obvious	ADJ
cblr-7157	225	51	reason	reason	NOUN
cblr-7157	225	52	why	why	SCONJ
cblr-7157	225	53	one	one	NUM
cblr-7157	225	54	group	group	NOUN
cblr-7157	225	55	of	of	ADP
cblr-7157	225	56	contractual	contractual	ADJ
cblr-7157	225	57	counterparties	counterpartie	NOUN
cblr-7157	225	58	should	should	AUX
cblr-7157	225	59	have	have	VERB
cblr-7157	225	60	the	the	DET
cblr-7157	225	61	monopoly	monopoly	NOUN
cblr-7157	225	62	right	right	ADJ
cblr-7157	225	63	to	to	PART
cblr-7157	225	64	vote	vote	VERB
cblr-7157	225	65	on	on	ADP
cblr-7157	225	66	changes	change	NOUN
cblr-7157	225	67	that	that	PRON
cblr-7157	225	68	affect	affect	VERB
cblr-7157	225	69	all	all	PRON
cblr-7157	225	70	of	of	ADP
cblr-7157	225	71	them	they	PRON
cblr-7157	225	72	.	.	PUNCT
cblr-7157	226	1	indeed	indeed	ADV
cblr-7157	226	2	,	,	PUNCT
cblr-7157	226	3	alchian	alchian	ADJ
cblr-7157	226	4	and	and	CCONJ
cblr-7157	226	5	demsetz	demsetz	VERB
cblr-7157	226	6	,	,	PUNCT
cblr-7157	226	7	also	also	ADV
cblr-7157	226	8	working	work	VERB
cblr-7157	226	9	within	within	ADP
cblr-7157	226	10	the	the	DET
cblr-7157	226	11	48	48	NUM
cblr-7157	226	12	frank	frank	PROPN
cblr-7157	226	13	h.	h.	PROPN
cblr-7157	226	14	easterbrook	easterbrook	PROPN
cblr-7157	226	15	&	&	CCONJ
cblr-7157	226	16	daniel	daniel	PROPN
cblr-7157	226	17	r.	r.	PROPN
cblr-7157	226	18	fischel	fischel	PROPN
cblr-7157	226	19	,	,	PUNCT
cblr-7157	226	20	voting	vote	VERB
cblr-7157	226	21	in	in	ADP
cblr-7157	226	22	corporate	corporate	ADJ
cblr-7157	226	23	law	law	NOUN
cblr-7157	226	24	,	,	PUNCT
cblr-7157	226	25	26	26	NUM
cblr-7157	226	26	j.	j.	PROPN
cblr-7157	226	27	l.	l.	PROPN
cblr-7157	226	28	&	&	CCONJ
cblr-7157	226	29	econ	econ	PROPN
cblr-7157	226	30	.	.	PUNCT
cblr-7157	227	1	395	395	NUM
cblr-7157	227	2	,	,	PUNCT
cblr-7157	227	3	401	401	NUM
cblr-7157	227	4	(	(	PUNCT
cblr-7157	227	5	1983	1983	NUM
cblr-7157	227	6	)	)	PUNCT
cblr-7157	227	7	.	.	PUNCT
cblr-7157	228	1	49	49	NUM
cblr-7157	229	1	i	i	PRON
cblr-7157	229	2	d.	d.	PROPN
cblr-7157	229	3	at	at	ADP
cblr-7157	229	4	396	396	NUM
cblr-7157	229	5	.	.	PUNCT
cblr-7157	230	1	50	50	NUM
cblr-7157	230	2	they	they	PRON
cblr-7157	230	3	even	even	ADV
cblr-7157	230	4	acknowledged	acknowledge	VERB
cblr-7157	230	5	the	the	DET
cblr-7157	230	6	difficulty	difficulty	NOUN
cblr-7157	230	7	upfront	upfront	ADJ
cblr-7157	230	8	with	with	ADP
cblr-7157	230	9	the	the	DET
cblr-7157	230	10	quip	quip	PROPN
cblr-7157	230	11	,	,	PUNCT
cblr-7157	230	12	“	"	PUNCT
cblr-7157	230	13	how	how	SCONJ
cblr-7157	230	14	do	do	AUX
cblr-7157	230	15	fiduciary	fiduciary	ADJ
cblr-7157	230	16	duties	duty	NOUN
cblr-7157	230	17	sneak	sneak	VERB
cblr-7157	230	18	into	into	ADP
cblr-7157	230	19	these	these	DET
cblr-7157	230	20	contracts	contract	NOUN
cblr-7157	230	21	.	.	PUNCT
cblr-7157	230	22	”	"	PUNCT
cblr-7157	231	1	easterbrook	easterbrook	PROPN
cblr-7157	231	2	&	&	CCONJ
cblr-7157	231	3	fischel	fischel	PROPN
cblr-7157	231	4	,	,	PUNCT
cblr-7157	231	5	supra	supra	PROPN
cblr-7157	231	6	note	note	NOUN
cblr-7157	231	7	2	2	NUM
cblr-7157	231	8	,	,	PUNCT
cblr-7157	231	9	at	at	ADP
cblr-7157	231	10	90	90	NUM
cblr-7157	231	11	.	.	PUNCT
cblr-7157	232	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	232	2	(	(	PUNCT
cblr-7157	232	3	do	do	AUX
cblr-7157	232	4	not	not	PART
cblr-7157	232	5	delte	delte	VERB
cblr-7157	232	6	)	)	PUNCT
cblr-7157	232	7	10/2/2020	10/2/2020	NUM
cblr-7157	232	8	11:44	11:44	NUM
cblr-7157	232	9	am	am	NOUN
cblr-7157	232	10	18	18	NUM
cblr-7157	232	11	columbia	columbia	PROPN
cblr-7157	232	12	business	business	NOUN
cblr-7157	232	13	law	law	PROPN
cblr-7157	232	14	review	review	NOUN
cblr-7157	232	15	[	[	X
cblr-7157	232	16	vol	vol	NOUN
cblr-7157	232	17	.	.	PUNCT
cblr-7157	233	1	2020	2020	NUM
cblr-7157	233	2	contractarian	contractarian	ADJ
cblr-7157	233	3	paradigm	paradigm	NOUN
cblr-7157	233	4	,	,	PUNCT
cblr-7157	233	5	made	make	VERB
cblr-7157	233	6	the	the	DET
cblr-7157	233	7	point	point	NOUN
cblr-7157	233	8	that	that	SCONJ
cblr-7157	233	9	voting	voting	NOUN
cblr-7157	233	10	rights	right	NOUN
cblr-7157	233	11	need	need	AUX
cblr-7157	233	12	not	not	PART
cblr-7157	233	13	reside	reside	VERB
cblr-7157	233	14	uniquely	uniquely	ADV
cblr-7157	233	15	(	(	PUNCT
cblr-7157	233	16	or	or	CCONJ
cblr-7157	233	17	at	at	ADV
cblr-7157	233	18	all	all	ADV
cblr-7157	233	19	)	)	PUNCT
cblr-7157	233	20	with	with	ADP
cblr-7157	233	21	shareholders.51	shareholders.51	NOUN
cblr-7157	233	22	easterbrook	easterbrook	NOUN
cblr-7157	233	23	and	and	CCONJ
cblr-7157	233	24	fischel	fischel	PROPN
cblr-7157	233	25	explain	explain	VERB
cblr-7157	233	26	fiduciary	fiduciary	ADJ
cblr-7157	233	27	duties	duty	NOUN
cblr-7157	233	28	and	and	CCONJ
cblr-7157	233	29	voting	voting	NOUN
cblr-7157	233	30	rights	right	NOUN
cblr-7157	233	31	by	by	ADP
cblr-7157	233	32	reference	reference	NOUN
cblr-7157	233	33	to	to	ADP
cblr-7157	233	34	the	the	DET
cblr-7157	233	35	residual	residual	ADJ
cblr-7157	233	36	economic	economic	ADJ
cblr-7157	233	37	risk	risk	NOUN
cblr-7157	233	38	-	-	PUNCT
cblr-7157	233	39	bearing	bear	VERB
cblr-7157	233	40	character	character	NOUN
cblr-7157	233	41	of	of	ADP
cblr-7157	233	42	common	common	ADJ
cblr-7157	233	43	stock	stock	NOUN
cblr-7157	233	44	.	.	PUNCT
cblr-7157	234	1	common	common	ADJ
cblr-7157	234	2	shareholders	shareholder	NOUN
cblr-7157	234	3	are	be	AUX
cblr-7157	234	4	the	the	DET
cblr-7157	234	5	residual	residual	ADJ
cblr-7157	234	6	economic	economic	ADJ
cblr-7157	234	7	claimants	claimant	NOUN
cblr-7157	234	8	in	in	ADP
cblr-7157	234	9	that	that	SCONJ
cblr-7157	234	10	they	they	PRON
cblr-7157	234	11	are	be	AUX
cblr-7157	234	12	entitled	entitle	VERB
cblr-7157	234	13	to	to	PART
cblr-7157	234	14	receive	receive	VERB
cblr-7157	234	15	whatever	whatever	PRON
cblr-7157	234	16	residual	residual	ADJ
cblr-7157	234	17	remains	remain	VERB
cblr-7157	234	18	after	after	SCONJ
cblr-7157	234	19	all	all	DET
cblr-7157	234	20	debts	debt	NOUN
cblr-7157	234	21	are	be	AUX
cblr-7157	234	22	paid.52	paid.52	ADJ
cblr-7157	234	23	although	although	SCONJ
cblr-7157	234	24	in	in	ADP
cblr-7157	234	25	this	this	DET
cblr-7157	234	26	view	view	NOUN
cblr-7157	234	27	shareholders	shareholder	NOUN
cblr-7157	234	28	are	be	AUX
cblr-7157	234	29	contractual	contractual	ADJ
cblr-7157	234	30	claimants	claimant	NOUN
cblr-7157	234	31	like	like	ADP
cblr-7157	234	32	all	all	DET
cblr-7157	234	33	others	other	NOUN
cblr-7157	234	34	,	,	PUNCT
cblr-7157	234	35	they	they	PRON
cblr-7157	234	36	differ	differ	VERB
cblr-7157	234	37	from	from	ADP
cblr-7157	234	38	other	other	ADJ
cblr-7157	234	39	claimants	claimant	NOUN
cblr-7157	234	40	in	in	ADP
cblr-7157	234	41	that	that	DET
cblr-7157	234	42	contracts	contract	NOUN
cblr-7157	234	43	can	can	AUX
cblr-7157	234	44	not	not	PART
cblr-7157	234	45	be	be	AUX
cblr-7157	234	46	written	write	VERB
cblr-7157	234	47	in	in	ADP
cblr-7157	234	48	sufficient	sufficient	ADJ
cblr-7157	234	49	completeness	completeness	NOUN
cblr-7157	234	50	to	to	PART
cblr-7157	234	51	resolve	resolve	VERB
cblr-7157	234	52	all	all	DET
cblr-7157	234	53	contingencies	contingency	NOUN
cblr-7157	234	54	ahead	ahead	ADV
cblr-7157	234	55	of	of	ADP
cblr-7157	234	56	time.53	time.53	NOUN
cblr-7157	234	57	this	this	DET
cblr-7157	234	58	contractual	contractual	ADJ
cblr-7157	234	59	incompleteness	incompleteness	NOUN
cblr-7157	234	60	leaves	leave	VERB
cblr-7157	234	61	discretion	discretion	NOUN
cblr-7157	234	62	with	with	ADP
cblr-7157	234	63	managers	manager	NOUN
cblr-7157	234	64	,	,	PUNCT
cblr-7157	234	65	whose	whose	DET
cblr-7157	234	66	interests	interest	NOUN
cblr-7157	234	67	might	might	AUX
cblr-7157	234	68	diverge	diverge	VERB
cblr-7157	234	69	from	from	ADP
cblr-7157	234	70	those	those	PRON
cblr-7157	234	71	of	of	ADP
cblr-7157	234	72	the	the	DET
cblr-7157	234	73	residual	residual	ADJ
cblr-7157	234	74	claimants.54	claimants.54	NOUN
cblr-7157	234	75	this	this	DET
cblr-7157	234	76	discretion	discretion	NOUN
cblr-7157	234	77	disproportionately	disproportionately	ADV
cblr-7157	234	78	affects	affect	VERB
cblr-7157	234	79	shareholders	shareholder	NOUN
cblr-7157	234	80	as	as	ADP
cblr-7157	234	81	residual	residual	ADJ
cblr-7157	234	82	economic	economic	ADJ
cblr-7157	234	83	claimants	claimant	NOUN
cblr-7157	234	84	.	.	PUNCT
cblr-7157	235	1	thus	thus	ADV
cblr-7157	235	2	,	,	PUNCT
cblr-7157	235	3	voting	voting	NOUN
cblr-7157	235	4	rights	right	NOUN
cblr-7157	235	5	and	and	CCONJ
cblr-7157	235	6	fiduciary	fiduciary	ADJ
cblr-7157	235	7	duties	duty	NOUN
cblr-7157	235	8	“	"	PUNCT
cblr-7157	235	9	attach	attach	VERB
cblr-7157	235	10	to	to	ADP
cblr-7157	235	11	the	the	DET
cblr-7157	235	12	residual	residual	ADJ
cblr-7157	235	13	claim	claim	NOUN
cblr-7157	235	14	because	because	SCONJ
cblr-7157	235	15	the	the	DET
cblr-7157	235	16	holders	holder	NOUN
cblr-7157	235	17	of	of	ADP
cblr-7157	235	18	these	these	DET
cblr-7157	235	19	claims	claim	NOUN
cblr-7157	235	20	bear	bear	VERB
cblr-7157	235	21	the	the	DET
cblr-7157	235	22	marginal	marginal	ADJ
cblr-7157	235	23	risks	risk	NOUN
cblr-7157	235	24	of	of	ADP
cblr-7157	235	25	the	the	DET
cblr-7157	235	26	firm	firm	NOUN
cblr-7157	235	27	and	and	CCONJ
cblr-7157	235	28	so	so	ADV
cblr-7157	235	29	have	have	VERB
cblr-7157	235	30	the	the	DET
cblr-7157	235	31	best	good	ADJ
cblr-7157	235	32	incentives	incentive	NOUN
cblr-7157	235	33	to	to	PART
cblr-7157	235	34	make	make	VERB
cblr-7157	235	35	the	the	DET
cblr-7157	235	36	optimal	optimal	ADJ
cblr-7157	235	37	investment	investment	NOUN
cblr-7157	235	38	and	and	CCONJ
cblr-7157	235	39	management	management	NOUN
cblr-7157	235	40	decisions	decision	NOUN
cblr-7157	235	41	.	.	PUNCT
cblr-7157	236	1	”55	”55	PROPN
cblr-7157	236	2	fiduciary	fiduciary	ADJ
cblr-7157	236	3	duties	duty	NOUN
cblr-7157	236	4	,	,	PUNCT
cblr-7157	236	5	in	in	ADP
cblr-7157	236	6	easterbrook	easterbrook	PROPN
cblr-7157	236	7	and	and	CCONJ
cblr-7157	236	8	fischel	fischel	PROPN
cblr-7157	236	9	’s	’s	PART
cblr-7157	236	10	perspective	perspective	NOUN
cblr-7157	236	11	,	,	PUNCT
cblr-7157	236	12	are	be	AUX
cblr-7157	236	13	the	the	DET
cblr-7157	236	14	corporate	corporate	ADJ
cblr-7157	236	15	law	law	NOUN
cblr-7157	236	16	version	version	NOUN
cblr-7157	236	17	of	of	ADP
cblr-7157	236	18	the	the	DET
cblr-7157	236	19	“	"	PUNCT
cblr-7157	236	20	hypothetical	hypothetical	ADJ
cblr-7157	236	21	bargain	bargain	NOUN
cblr-7157	236	22	”	"	PUNCT
cblr-7157	236	23	or	or	CCONJ
cblr-7157	236	24	“	"	PUNCT
cblr-7157	236	25	would	would	AUX
cblr-7157	236	26	have	have	AUX
cblr-7157	236	27	wanted	want	VERB
cblr-7157	236	28	”	"	PUNCT
cblr-7157	236	29	approach	approach	NOUN
cblr-7157	236	30	that	that	PRON
cblr-7157	236	31	is	be	AUX
cblr-7157	236	32	common	common	ADJ
cblr-7157	236	33	to	to	ADP
cblr-7157	236	34	contractual	contractual	ADJ
cblr-7157	236	35	gap	gap	NOUN
cblr-7157	236	36	filling	fill	VERB
cblr-7157	236	37	in	in	ADP
cblr-7157	236	38	contract	contract	NOUN
cblr-7157	236	39	law	law	NOUN
cblr-7157	236	40	and	and	CCONJ
cblr-7157	236	41	economics.56	economics.56	NOUN
cblr-7157	236	42	in	in	ADP
cblr-7157	236	43	easterbrook	easterbrook	PROPN
cblr-7157	236	44	and	and	CCONJ
cblr-7157	236	45	fischel	fischel	PROPN
cblr-7157	236	46	’s	’s	PART
cblr-7157	236	47	view	view	NOUN
cblr-7157	236	48	,	,	PUNCT
cblr-7157	236	49	the	the	DET
cblr-7157	236	50	content	content	NOUN
cblr-7157	236	51	of	of	ADP
cblr-7157	236	52	fiduciary	fiduciary	ADJ
cblr-7157	236	53	duties	duty	NOUN
cblr-7157	236	54	should	should	AUX
cblr-7157	236	55	approximate	approximate	VERB
cblr-7157	236	56	what	what	DET
cblr-7157	236	57	parties	party	NOUN
cblr-7157	236	58	would	would	AUX
cblr-7157	236	59	have	have	AUX
cblr-7157	236	60	negotiated	negotiate	VERB
cblr-7157	236	61	for	for	ADP
cblr-7157	236	62	if	if	SCONJ
cblr-7157	236	63	contracting	contracting	NOUN
cblr-7157	236	64	were	be	AUX
cblr-7157	236	65	costless.57	costless.57	ADJ
cblr-7157	236	66	the	the	DET
cblr-7157	236	67	shareholders	shareholder	NOUN
cblr-7157	236	68	’	'	PUNCT
cblr-7157	236	69	right	right	NOUN
cblr-7157	236	70	to	to	PART
cblr-7157	236	71	vote	vote	VERB
cblr-7157	236	72	exists	exist	VERB
cblr-7157	236	73	for	for	ADP
cblr-7157	236	74	the	the	DET
cblr-7157	236	75	same	same	ADJ
cblr-7157	236	76	reason	reason	NOUN
cblr-7157	236	77	:	:	PUNCT
cblr-7157	236	78	it	it	PRON
cblr-7157	236	79	is	be	AUX
cblr-7157	236	80	what	what	PRON
cblr-7157	236	81	the	the	DET
cblr-7157	236	82	investors	investor	NOUN
cblr-7157	236	83	would	would	AUX
cblr-7157	236	84	have	have	AUX
cblr-7157	236	85	negotiated	negotiate	VERB
cblr-7157	236	86	if	if	SCONJ
cblr-7157	236	87	the	the	DET
cblr-7157	236	88	cost	cost	NOUN
cblr-7157	236	89	of	of	ADP
cblr-7157	236	90	negotiating	negotiate	VERB
cblr-7157	236	91	and	and	CCONJ
cblr-7157	236	92	enforcing	enforce	VERB
cblr-7157	236	93	contracts	contract	NOUN
cblr-7157	236	94	were	be	AUX
cblr-7157	236	95	low	low	ADJ
cblr-7157	236	96	51	51	NUM
cblr-7157	236	97	see	see	NOUN
cblr-7157	236	98	infra	infra	NOUN
cblr-7157	236	99	notes	note	VERB
cblr-7157	236	100	270–272	270–272	NUM
cblr-7157	236	101	and	and	CCONJ
cblr-7157	236	102	accompanying	accompany	VERB
cblr-7157	236	103	text	text	NOUN
cblr-7157	236	104	.	.	PUNCT
cblr-7157	237	1	52	52	NUM
cblr-7157	237	2	see	see	VERB
cblr-7157	237	3	easterbrook	easterbrook	PROPN
cblr-7157	237	4	&	&	CCONJ
cblr-7157	237	5	fischel	fischel	PROPN
cblr-7157	237	6	,	,	PUNCT
cblr-7157	237	7	supra	supra	PROPN
cblr-7157	237	8	note	note	NOUN
cblr-7157	237	9	2	2	NUM
cblr-7157	237	10	,	,	PUNCT
cblr-7157	237	11	at	at	ADP
cblr-7157	237	12	67–70	67–70	NUM
cblr-7157	237	13	.	.	PUNCT
cblr-7157	238	1	53	53	NUM
cblr-7157	238	2	see	see	VERB
cblr-7157	238	3	i	i	PRON
cblr-7157	238	4	d.	d.	PROPN
cblr-7157	238	5	at	at	ADP
cblr-7157	238	6	90–93	90–93	NUM
cblr-7157	238	7	.	.	PROPN
cblr-7157	239	1	54	54	NUM
cblr-7157	239	2	see	see	VERB
cblr-7157	239	3	i	i	PRON
cblr-7157	239	4	d.	d.	PROPN
cblr-7157	239	5	at	at	ADP
cblr-7157	239	6	90–91	90–91	NUM
cblr-7157	239	7	.	.	PUNCT
cblr-7157	240	1	55	55	NUM
cblr-7157	241	1	i	i	PRON
cblr-7157	241	2	d.	d.	PROPN
cblr-7157	241	3	56	56	NUM
cblr-7157	241	4	see	see	VERB
cblr-7157	241	5	ian	ian	PROPN
cblr-7157	241	6	ayres	ayres	PROPN
cblr-7157	241	7	&	&	CCONJ
cblr-7157	241	8	robert	robert	PROPN
cblr-7157	241	9	gertner	gertner	PROPN
cblr-7157	241	10	,	,	PUNCT
cblr-7157	241	11	filling	fill	VERB
cblr-7157	241	12	gaps	gap	NOUN
cblr-7157	241	13	in	in	ADP
cblr-7157	241	14	incomplete	incomplete	ADJ
cblr-7157	241	15	contracts	contract	NOUN
cblr-7157	241	16	:	:	PUNCT
cblr-7157	241	17	an	an	DET
cblr-7157	241	18	economic	economic	ADJ
cblr-7157	241	19	theory	theory	NOUN
cblr-7157	241	20	of	of	ADP
cblr-7157	241	21	default	default	NOUN
cblr-7157	241	22	rules	rule	NOUN
cblr-7157	241	23	,	,	PUNCT
cblr-7157	241	24	99	99	NUM
cblr-7157	241	25	yale	yale	PROPN
cblr-7157	241	26	l.j	l.j	PROPN
cblr-7157	241	27	.	.	PROPN
cblr-7157	241	28	87	87	NUM
cblr-7157	241	29	,	,	PUNCT
cblr-7157	241	30	89–90	89–90	NUM
cblr-7157	241	31	(	(	PUNCT
cblr-7157	241	32	1989	1989	NUM
cblr-7157	241	33	)	)	PUNCT
cblr-7157	241	34	(	(	PUNCT
cblr-7157	241	35	describing	describe	VERB
cblr-7157	241	36	the	the	PRON
cblr-7157	241	37	“	"	PUNCT
cblr-7157	241	38	would	would	AUX
cblr-7157	241	39	have	have	AUX
cblr-7157	241	40	wanted	want	VERB
cblr-7157	241	41	”	"	PUNCT
cblr-7157	241	42	approach	approach	NOUN
cblr-7157	241	43	to	to	ADP
cblr-7157	241	44	default	default	NOUN
cblr-7157	241	45	rules	rule	NOUN
cblr-7157	241	46	and	and	CCONJ
cblr-7157	241	47	easterbrook	easterbrook	PROPN
cblr-7157	241	48	and	and	CCONJ
cblr-7157	241	49	fischel	fischel	PROPN
cblr-7157	241	50	’s	’s	PART
cblr-7157	241	51	embrace	embrace	NOUN
cblr-7157	241	52	of	of	ADP
cblr-7157	241	53	that	that	DET
cblr-7157	241	54	perspective	perspective	NOUN
cblr-7157	241	55	)	)	PUNCT
cblr-7157	241	56	.	.	PUNCT
cblr-7157	242	1	57	57	NUM
cblr-7157	242	2	easterbrook	easterbrook	PROPN
cblr-7157	242	3	&	&	CCONJ
cblr-7157	242	4	fischel	fischel	PROPN
cblr-7157	242	5	,	,	PUNCT
cblr-7157	242	6	supra	supra	PROPN
cblr-7157	242	7	note	note	NOUN
cblr-7157	242	8	2	2	NUM
cblr-7157	242	9	,	,	PUNCT
cblr-7157	242	10	at	at	ADP
cblr-7157	242	11	92	92	NUM
cblr-7157	242	12	(	(	PUNCT
cblr-7157	242	13	“	"	PUNCT
cblr-7157	242	14	socially	socially	ADV
cblr-7157	242	15	optimal	optimal	ADJ
cblr-7157	242	16	fiduciary	fiduciary	ADJ
cblr-7157	242	17	rules	rule	NOUN
cblr-7157	242	18	approximate	approximate	VERB
cblr-7157	242	19	the	the	DET
cblr-7157	242	20	bargain	bargain	NOUN
cblr-7157	242	21	that	that	SCONJ
cblr-7157	242	22	investors	investor	NOUN
cblr-7157	242	23	and	and	CCONJ
cblr-7157	242	24	managers	manager	NOUN
cblr-7157	242	25	would	would	AUX
cblr-7157	242	26	have	have	AUX
cblr-7157	242	27	reached	reach	VERB
cblr-7157	242	28	if	if	SCONJ
cblr-7157	242	29	they	they	PRON
cblr-7157	242	30	could	could	AUX
cblr-7157	242	31	have	have	AUX
cblr-7157	242	32	bargained	bargain	VERB
cblr-7157	242	33	(	(	PUNCT
cblr-7157	242	34	and	and	CCONJ
cblr-7157	242	35	enforced	enforce	VERB
cblr-7157	242	36	their	their	PRON
cblr-7157	242	37	agreements	agreement	NOUN
cblr-7157	242	38	)	)	PUNCT
cblr-7157	242	39	at	at	ADP
cblr-7157	242	40	no	no	DET
cblr-7157	242	41	cost	cost	NOUN
cblr-7157	242	42	.	.	PUNCT
cblr-7157	242	43	”	"	PUNCT
cblr-7157	242	44	)	)	PUNCT
cblr-7157	242	45	.	.	PUNCT
cblr-7157	243	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	243	2	(	(	PUNCT
cblr-7157	243	3	do	do	AUX
cblr-7157	243	4	not	not	PART
cblr-7157	243	5	delete	delete	VERB
cblr-7157	243	6	)	)	PUNCT
cblr-7157	243	7	10/2/2020	10/2/2020	NUM
cblr-7157	243	8	11:44	11:44	NUM
cblr-7157	243	9	am	be	AUX
cblr-7157	243	10	no	no	NOUN
cblr-7157	243	11	.	.	PUNCT
cblr-7157	243	12	1:1	1:1	NUM
cblr-7157	243	13	]	]	X
cblr-7157	243	14	a	a	DET
cblr-7157	243	15	property	property	NOUN
cblr-7157	243	16	theory	theory	NOUN
cblr-7157	243	17	19	19	NUM
cblr-7157	243	18	enough.58	enough.58	NOUN
cblr-7157	243	19	that	that	PRON
cblr-7157	243	20	is	be	AUX
cblr-7157	243	21	,	,	PUNCT
cblr-7157	243	22	easterbrook	easterbrook	PROPN
cblr-7157	243	23	and	and	CCONJ
cblr-7157	243	24	fischel	fischel	PROPN
cblr-7157	243	25	believe	believe	VERB
cblr-7157	243	26	that	that	SCONJ
cblr-7157	243	27	shareholder	shareholder	NOUN
cblr-7157	243	28	residual	residual	ADJ
cblr-7157	243	29	claimants	claimant	NOUN
cblr-7157	243	30	would	would	AUX
cblr-7157	243	31	have	have	AUX
cblr-7157	243	32	negotiated	negotiate	VERB
cblr-7157	243	33	these	these	DET
cblr-7157	243	34	protections	protection	NOUN
cblr-7157	243	35	had	have	AUX
cblr-7157	243	36	they	they	PRON
cblr-7157	243	37	been	be	AUX
cblr-7157	243	38	sufficiently	sufficiently	ADV
cblr-7157	243	39	contractible	contractible	ADJ
cblr-7157	243	40	.	.	PUNCT
cblr-7157	244	1	thus	thus	ADV
cblr-7157	244	2	,	,	PUNCT
cblr-7157	244	3	fiduciary	fiduciary	ADJ
cblr-7157	244	4	duties	duty	NOUN
cblr-7157	244	5	are	be	AUX
cblr-7157	244	6	a	a	DET
cblr-7157	244	7	judicially	judicially	ADV
cblr-7157	244	8	crafted	craft	VERB
cblr-7157	244	9	gap	gap	NOUN
cblr-7157	244	10	filling	fill	VERB
cblr-7157	244	11	strategy	strategy	NOUN
cblr-7157	244	12	that	that	PRON
cblr-7157	244	13	serves	serve	VERB
cblr-7157	244	14	to	to	PART
cblr-7157	244	15	maximize	maximize	VERB
cblr-7157	244	16	efficiency	efficiency	NOUN
cblr-7157	244	17	while	while	SCONJ
cblr-7157	244	18	economizing	economize	VERB
cblr-7157	244	19	on	on	ADP
cblr-7157	244	20	transaction	transaction	NOUN
cblr-7157	244	21	costs	cost	NOUN
cblr-7157	244	22	.	.	PUNCT
cblr-7157	245	1	the	the	DET
cblr-7157	245	2	linchpin	linchpin	NOUN
cblr-7157	245	3	in	in	ADP
cblr-7157	245	4	this	this	DET
cblr-7157	245	5	argument	argument	NOUN
cblr-7157	245	6	is	be	AUX
cblr-7157	245	7	the	the	DET
cblr-7157	245	8	residual	residual	ADJ
cblr-7157	245	9	character	character	NOUN
cblr-7157	245	10	of	of	ADP
cblr-7157	245	11	shareholders	shareholder	NOUN
cblr-7157	245	12	’	'	PUNCT
cblr-7157	245	13	economic	economic	ADJ
cblr-7157	245	14	claim	claim	NOUN
cblr-7157	245	15	.	.	PUNCT
cblr-7157	246	1	all	all	DET
cblr-7157	246	2	contracts	contract	NOUN
cblr-7157	246	3	for	for	ADP
cblr-7157	246	4	factors	factor	NOUN
cblr-7157	246	5	of	of	ADP
cblr-7157	246	6	production	production	NOUN
cblr-7157	246	7	are	be	AUX
cblr-7157	246	8	incomplete	incomplete	ADJ
cblr-7157	246	9	,	,	PUNCT
cblr-7157	246	10	leaving	leave	VERB
cblr-7157	246	11	discretion	discretion	NOUN
cblr-7157	246	12	to	to	ADP
cblr-7157	246	13	managers	manager	NOUN
cblr-7157	246	14	that	that	PRON
cblr-7157	246	15	could	could	AUX
cblr-7157	246	16	potentially	potentially	ADV
cblr-7157	246	17	be	be	AUX
cblr-7157	246	18	adverse	adverse	ADJ
cblr-7157	246	19	to	to	ADP
cblr-7157	246	20	the	the	DET
cblr-7157	246	21	counterparty	counterparty	NOUN
cblr-7157	246	22	.	.	PUNCT
cblr-7157	247	1	yet	yet	ADV
cblr-7157	247	2	not	not	PART
cblr-7157	247	3	all	all	DET
cblr-7157	247	4	contracts	contract	NOUN
cblr-7157	247	5	activate	activate	VERB
cblr-7157	247	6	fiduciary	fiduciary	ADJ
cblr-7157	247	7	duties	duty	NOUN
cblr-7157	247	8	—	—	PUNCT
cblr-7157	247	9	much	much	ADV
cblr-7157	247	10	less	less	ADJ
cblr-7157	247	11	voting	voting	NOUN
cblr-7157	247	12	rights	right	NOUN
cblr-7157	247	13	.	.	PUNCT
cblr-7157	248	1	shareholder	shareholder	NOUN
cblr-7157	248	2	contracts	contract	NOUN
cblr-7157	248	3	are	be	AUX
cblr-7157	248	4	different	different	ADJ
cblr-7157	248	5	,	,	PUNCT
cblr-7157	248	6	in	in	ADP
cblr-7157	248	7	easterbrook	easterbrook	PROPN
cblr-7157	248	8	and	and	CCONJ
cblr-7157	248	9	fischel	fischel	PROPN
cblr-7157	248	10	’s	’s	PART
cblr-7157	248	11	view	view	NOUN
cblr-7157	248	12	,	,	PUNCT
cblr-7157	248	13	because	because	SCONJ
cblr-7157	248	14	of	of	ADP
cblr-7157	248	15	the	the	DET
cblr-7157	248	16	residual	residual	ADJ
cblr-7157	248	17	nature	nature	NOUN
cblr-7157	248	18	of	of	ADP
cblr-7157	248	19	their	their	PRON
cblr-7157	248	20	claims	claim	NOUN
cblr-7157	248	21	.	.	PUNCT
cblr-7157	249	1	moreover	moreover	ADV
cblr-7157	249	2	,	,	PUNCT
cblr-7157	249	3	common	common	ADJ
cblr-7157	249	4	shareholders	shareholder	NOUN
cblr-7157	249	5	enter	enter	VERB
cblr-7157	249	6	into	into	ADP
cblr-7157	249	7	contracts	contract	NOUN
cblr-7157	249	8	that	that	PRON
cblr-7157	249	9	are	be	AUX
cblr-7157	249	10	intentionally	intentionally	ADV
cblr-7157	249	11	incomplete	incomplete	ADJ
cblr-7157	249	12	,	,	PUNCT
cblr-7157	249	13	in	in	ADP
cblr-7157	249	14	the	the	DET
cblr-7157	249	15	sense	sense	NOUN
cblr-7157	249	16	that	that	SCONJ
cblr-7157	249	17	they	they	PRON
cblr-7157	249	18	do	do	AUX
cblr-7157	249	19	not	not	PART
cblr-7157	249	20	even	even	ADV
cblr-7157	249	21	attempt	attempt	VERB
cblr-7157	249	22	to	to	PART
cblr-7157	249	23	spell	spell	VERB
cblr-7157	249	24	out	out	ADP
cblr-7157	249	25	the	the	DET
cblr-7157	249	26	content	content	NOUN
cblr-7157	249	27	of	of	ADP
cblr-7157	249	28	fiduciary	fiduciary	ADJ
cblr-7157	249	29	duties	duty	NOUN
cblr-7157	249	30	in	in	ADP
cblr-7157	249	31	contractual	contractual	ADJ
cblr-7157	249	32	terms	term	NOUN
cblr-7157	249	33	.	.	PUNCT
cblr-7157	250	1	thus	thus	ADV
cblr-7157	250	2	,	,	PUNCT
cblr-7157	250	3	the	the	DET
cblr-7157	250	4	combination	combination	NOUN
cblr-7157	250	5	of	of	ADP
cblr-7157	250	6	an	an	DET
cblr-7157	250	7	open	open	ADV
cblr-7157	250	8	-	-	PUNCT
cblr-7157	250	9	ended	end	VERB
cblr-7157	250	10	contract	contract	NOUN
cblr-7157	250	11	with	with	ADP
cblr-7157	250	12	residual	residual	ADJ
cblr-7157	250	13	economic	economic	ADJ
cblr-7157	250	14	rights	right	NOUN
cblr-7157	250	15	,	,	PUNCT
cblr-7157	250	16	according	accord	VERB
cblr-7157	250	17	to	to	ADP
cblr-7157	250	18	easterbrook	easterbrook	PROPN
cblr-7157	250	19	and	and	CCONJ
cblr-7157	250	20	fischel	fischel	PROPN
cblr-7157	250	21	,	,	PUNCT
cblr-7157	250	22	explains	explain	VERB
cblr-7157	250	23	the	the	DET
cblr-7157	250	24	allocation	allocation	NOUN
cblr-7157	250	25	of	of	ADP
cblr-7157	250	26	fiduciary	fiduciary	ADJ
cblr-7157	250	27	duties	duty	NOUN
cblr-7157	250	28	and	and	CCONJ
cblr-7157	250	29	voting	voting	NOUN
cblr-7157	250	30	rights	right	NOUN
cblr-7157	250	31	to	to	ADP
cblr-7157	250	32	shareholders	shareholder	NOUN
cblr-7157	250	33	.	.	PUNCT
cblr-7157	251	1	the	the	DET
cblr-7157	251	2	contrast	contrast	NOUN
cblr-7157	251	3	with	with	ADP
cblr-7157	251	4	the	the	DET
cblr-7157	251	5	“	"	PUNCT
cblr-7157	251	6	traditional	traditional	ADJ
cblr-7157	251	7	”	"	PUNCT
cblr-7157	251	8	ownership	ownership	NOUN
cblr-7157	251	9	perspective	perspective	NOUN
cblr-7157	251	10	on	on	ADP
cblr-7157	251	11	the	the	DET
cblr-7157	251	12	nature	nature	NOUN
cblr-7157	251	13	of	of	ADP
cblr-7157	251	14	shareholders	shareholder	NOUN
cblr-7157	251	15	’	'	PUNCT
cblr-7157	251	16	interests	interest	NOUN
cblr-7157	251	17	in	in	ADP
cblr-7157	251	18	the	the	DET
cblr-7157	251	19	corporation	corporation	NOUN
cblr-7157	251	20	is	be	AUX
cblr-7157	251	21	stark	stark	ADJ
cblr-7157	251	22	.	.	PUNCT
cblr-7157	252	1	the	the	DET
cblr-7157	252	2	traditional	traditional	ADJ
cblr-7157	252	3	view	view	NOUN
cblr-7157	252	4	rationalizes	rationalize	VERB
cblr-7157	252	5	fiduciary	fiduciary	ADJ
cblr-7157	252	6	duties	duty	NOUN
cblr-7157	252	7	,	,	PUNCT
cblr-7157	252	8	at	at	ADP
cblr-7157	252	9	least	least	ADJ
cblr-7157	252	10	in	in	ADP
cblr-7157	252	11	part	part	NOUN
cblr-7157	252	12	,	,	PUNCT
cblr-7157	252	13	based	base	VERB
cblr-7157	252	14	on	on	ADP
cblr-7157	252	15	the	the	DET
cblr-7157	252	16	property	property	NOUN
cblr-7157	252	17	interests	interest	NOUN
cblr-7157	252	18	of	of	ADP
cblr-7157	252	19	shareholders	shareholder	NOUN
cblr-7157	252	20	in	in	ADP
cblr-7157	252	21	the	the	DET
cblr-7157	252	22	corporation.59	corporation.59	NOUN
cblr-7157	252	23	in	in	ADP
cblr-7157	252	24	contrast	contrast	NOUN
cblr-7157	252	25	,	,	PUNCT
cblr-7157	252	26	the	the	DET
cblr-7157	252	27	nexus	nexus	NOUN
cblr-7157	252	28	of	of	ADP
cblr-7157	252	29	contracts	contract	NOUN
cblr-7157	252	30	approach	approach	NOUN
cblr-7157	252	31	rationalizes	rationalize	VERB
cblr-7157	252	32	fiduciary	fiduciary	ADJ
cblr-7157	252	33	duties	duty	NOUN
cblr-7157	252	34	based	base	VERB
cblr-7157	252	35	on	on	ADP
cblr-7157	252	36	the	the	DET
cblr-7157	252	37	residual	residual	ADJ
cblr-7157	252	38	claimant	claimant	ADJ
cblr-7157	252	39	status	status	NOUN
cblr-7157	252	40	of	of	ADP
cblr-7157	252	41	the	the	DET
cblr-7157	252	42	beneficiaries	beneficiary	NOUN
cblr-7157	252	43	of	of	ADP
cblr-7157	252	44	those	those	DET
cblr-7157	252	45	duties	duty	NOUN
cblr-7157	252	46	,	,	PUNCT
cblr-7157	252	47	coupled	couple	VERB
cblr-7157	252	48	with	with	ADP
cblr-7157	252	49	the	the	DET
cblr-7157	252	50	phenomenon	phenomenon	NOUN
cblr-7157	252	51	of	of	ADP
cblr-7157	252	52	incomplete	incomplete	ADJ
cblr-7157	252	53	contracting	contracting	NOUN
cblr-7157	252	54	.	.	PUNCT
cblr-7157	253	1	for	for	ADP
cblr-7157	253	2	contractarians	contractarian	NOUN
cblr-7157	253	3	,	,	PUNCT
cblr-7157	253	4	fiduciary	fiduciary	ADJ
cblr-7157	253	5	duties	duty	NOUN
cblr-7157	253	6	do	do	AUX
cblr-7157	253	7	not	not	PART
cblr-7157	253	8	arise	arise	VERB
cblr-7157	253	9	because	because	SCONJ
cblr-7157	253	10	of	of	ADP
cblr-7157	253	11	ownership	ownership	NOUN
cblr-7157	253	12	;	;	PUNCT
cblr-7157	253	13	the	the	DET
cblr-7157	253	14	nexus	nexus	NOUN
cblr-7157	253	15	of	of	ADP
cblr-7157	253	16	contracts	contract	NOUN
cblr-7157	253	17	approach	approach	NOUN
cblr-7157	253	18	rejects	reject	VERB
cblr-7157	253	19	the	the	DET
cblr-7157	253	20	idea	idea	NOUN
cblr-7157	253	21	that	that	SCONJ
cblr-7157	253	22	shareholders	shareholder	NOUN
cblr-7157	253	23	hold	hold	VERB
cblr-7157	253	24	property	property	NOUN
cblr-7157	253	25	interests	interest	NOUN
cblr-7157	253	26	in	in	ADP
cblr-7157	253	27	the	the	DET
cblr-7157	253	28	corporation	corporation	NOUN
cblr-7157	253	29	,	,	PUNCT
cblr-7157	253	30	or	or	CCONJ
cblr-7157	253	31	that	that	SCONJ
cblr-7157	253	32	there	there	PRON
cblr-7157	253	33	are	be	VERB
cblr-7157	253	34	property	property	NOUN
cblr-7157	253	35	interests	interest	NOUN
cblr-7157	253	36	in	in	ADP
cblr-7157	253	37	the	the	DET
cblr-7157	253	38	corporation.60	corporation.60	PROPN
cblr-7157	253	39	as	as	ADP
cblr-7157	253	40	a	a	DET
cblr-7157	253	41	result	result	NOUN
cblr-7157	253	42	,	,	PUNCT
cblr-7157	253	43	the	the	DET
cblr-7157	253	44	58	58	NUM
cblr-7157	253	45	see	see	VERB
cblr-7157	253	46	easterbrook	easterbrook	PROPN
cblr-7157	253	47	&	&	CCONJ
cblr-7157	253	48	fischel	fischel	PROPN
cblr-7157	253	49	,	,	PUNCT
cblr-7157	253	50	supra	supra	PROPN
cblr-7157	253	51	note	note	NOUN
cblr-7157	253	52	48	48	NUM
cblr-7157	253	53	,	,	PUNCT
cblr-7157	253	54	at	at	ADP
cblr-7157	253	55	398	398	NUM
cblr-7157	253	56	.	.	PUNCT
cblr-7157	254	1	59	59	NUM
cblr-7157	254	2	see	see	VERB
cblr-7157	254	3	thomas	thomas	PROPN
cblr-7157	254	4	lee	lee	PROPN
cblr-7157	254	5	hazen	hazen	PROPN
cblr-7157	254	6	,	,	PUNCT
cblr-7157	254	7	the	the	DET
cblr-7157	254	8	short	short	ADJ
cblr-7157	254	9	-	-	PUNCT
cblr-7157	254	10	term	term	NOUN
cblr-7157	254	11	/	/	SYM
cblr-7157	254	12	long	long	ADJ
cblr-7157	254	13	-	-	PUNCT
cblr-7157	254	14	term	term	NOUN
cblr-7157	254	15	dichotomy	dichotomy	NOUN
cblr-7157	254	16	and	and	CCONJ
cblr-7157	254	17	investment	investment	NOUN
cblr-7157	254	18	theory	theory	NOUN
cblr-7157	254	19	:	:	PUNCT
cblr-7157	254	20	implications	implication	NOUN
cblr-7157	254	21	for	for	ADP
cblr-7157	254	22	securities	security	NOUN
cblr-7157	254	23	market	market	NOUN
cblr-7157	254	24	regulation	regulation	NOUN
cblr-7157	254	25	and	and	CCONJ
cblr-7157	254	26	for	for	ADP
cblr-7157	254	27	corporate	corporate	ADJ
cblr-7157	254	28	law	law	NOUN
cblr-7157	254	29	,	,	PUNCT
cblr-7157	254	30	70	70	NUM
cblr-7157	254	31	n.c	n.c	PROPN
cblr-7157	254	32	.	.	PROPN
cblr-7157	254	33	l.	l.	PROPN
cblr-7157	254	34	rev	rev	PROPN
cblr-7157	254	35	.	.	PROPN
cblr-7157	254	36	137	137	NUM
cblr-7157	254	37	,	,	PUNCT
cblr-7157	254	38	203	203	NUM
cblr-7157	254	39	(	(	PUNCT
cblr-7157	254	40	1991	1991	NUM
cblr-7157	254	41	)	)	PUNCT
cblr-7157	254	42	(	(	PUNCT
cblr-7157	254	43	referring	refer	VERB
cblr-7157	254	44	to	to	ADP
cblr-7157	254	45	the	the	DET
cblr-7157	254	46	“	"	PUNCT
cblr-7157	254	47	traditional	traditional	ADJ
cblr-7157	254	48	fiduciary	fiduciary	ADJ
cblr-7157	254	49	model	model	NOUN
cblr-7157	254	50	,	,	PUNCT
cblr-7157	254	51	”	"	PUNCT
cblr-7157	254	52	in	in	ADP
cblr-7157	254	53	which	which	PRON
cblr-7157	254	54	“	"	PUNCT
cblr-7157	254	55	management	management	NOUN
cblr-7157	254	56	holds	hold	VERB
cblr-7157	254	57	its	its	PRON
cblr-7157	254	58	power	power	NOUN
cblr-7157	254	59	in	in	ADP
cblr-7157	254	60	trust	trust	NOUN
cblr-7157	254	61	for	for	ADP
cblr-7157	254	62	the	the	DET
cblr-7157	254	63	corporation	corporation	NOUN
cblr-7157	254	64	's	's	PART
cblr-7157	254	65	true	true	ADJ
cblr-7157	254	66	owners	owner	NOUN
cblr-7157	254	67	—	—	PUNCT
cblr-7157	254	68	the	the	DET
cblr-7157	254	69	shareholders	shareholder	NOUN
cblr-7157	254	70	”	"	PUNCT
cblr-7157	254	71	)	)	PUNCT
cblr-7157	254	72	.	.	PUNCT
cblr-7157	255	1	60	60	NUM
cblr-7157	255	2	see	see	VERB
cblr-7157	255	3	,	,	PUNCT
cblr-7157	255	4	e.g.	e.g.	ADV
cblr-7157	255	5	,	,	PUNCT
cblr-7157	255	6	ronald	ronald	PROPN
cblr-7157	255	7	j.	j.	PROPN
cblr-7157	255	8	gilson	gilson	PROPN
cblr-7157	255	9	&	&	CCONJ
cblr-7157	255	10	charles	charles	PROPN
cblr-7157	255	11	k.	k.	PROPN
cblr-7157	255	12	whitehead	whitehead	PROPN
cblr-7157	255	13	,	,	PUNCT
cblr-7157	255	14	deconstructing	deconstruct	VERB
cblr-7157	255	15	equity	equity	NOUN
cblr-7157	255	16	:	:	PUNCT
cblr-7157	255	17	public	public	ADJ
cblr-7157	255	18	ownership	ownership	NOUN
cblr-7157	255	19	,	,	PUNCT
cblr-7157	255	20	agency	agency	NOUN
cblr-7157	255	21	costs	cost	NOUN
cblr-7157	255	22	,	,	PUNCT
cblr-7157	255	23	and	and	CCONJ
cblr-7157	255	24	complete	complete	ADJ
cblr-7157	255	25	capital	capital	NOUN
cblr-7157	255	26	markets	market	NOUN
cblr-7157	255	27	,	,	PUNCT
cblr-7157	255	28	108	108	NUM
cblr-7157	255	29	colum	colum	NOUN
cblr-7157	255	30	.	.	PUNCT
cblr-7157	256	1	l.	l.	PROPN
cblr-7157	256	2	rev	rev	PROPN
cblr-7157	256	3	.	.	PROPN
cblr-7157	256	4	231	231	NUM
cblr-7157	256	5	,	,	PUNCT
cblr-7157	256	6	241	241	NUM
cblr-7157	256	7	(	(	PUNCT
cblr-7157	256	8	2008	2008	NUM
cblr-7157	256	9	)	)	PUNCT
cblr-7157	256	10	(	(	PUNCT
cblr-7157	256	11	“	"	PUNCT
cblr-7157	256	12	more	more	ADJ
cblr-7157	256	13	recent	recent	ADJ
cblr-7157	256	14	scholarship	scholarship	NOUN
cblr-7157	256	15	has	have	AUX
cblr-7157	256	16	deconstructed	deconstruct	VERB
cblr-7157	256	17	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	256	18	(	(	PUNCT
cblr-7157	256	19	do	do	AUX
cblr-7157	256	20	not	not	PART
cblr-7157	256	21	delte	delte	VERB
cblr-7157	256	22	)	)	PUNCT
cblr-7157	256	23	10/2/2020	10/2/2020	NUM
cblr-7157	256	24	11:44	11:44	NUM
cblr-7157	256	25	am	am	NOUN
cblr-7157	256	26	20	20	NUM
cblr-7157	256	27	columbia	columbia	PROPN
cblr-7157	256	28	business	business	NOUN
cblr-7157	256	29	law	law	PROPN
cblr-7157	256	30	review	review	NOUN
cblr-7157	257	1	[	[	X
cblr-7157	257	2	vol	vol	NOUN
cblr-7157	257	3	.	.	PUNCT
cblr-7157	257	4	2020	2020	NUM
cblr-7157	257	5	contractarian	contractarian	ADJ
cblr-7157	257	6	perspective	perspective	NOUN
cblr-7157	257	7	challenges	challenge	VERB
cblr-7157	257	8	the	the	DET
cblr-7157	257	9	very	very	ADJ
cblr-7157	257	10	foundations	foundation	NOUN
cblr-7157	257	11	of	of	ADP
cblr-7157	257	12	corporate	corporate	ADJ
cblr-7157	257	13	law	law	NOUN
cblr-7157	257	14	,	,	PUNCT
cblr-7157	257	15	which	which	PRON
cblr-7157	257	16	draws	draw	VERB
cblr-7157	257	17	sharp	sharp	ADJ
cblr-7157	257	18	distinctions	distinction	NOUN
cblr-7157	257	19	between	between	ADP
cblr-7157	257	20	shareholders	shareholder	NOUN
cblr-7157	257	21	and	and	CCONJ
cblr-7157	257	22	non	non	ADJ
cblr-7157	257	23	-	-	ADJ
cblr-7157	257	24	shareholder	shareholder	ADJ
cblr-7157	257	25	claimants	claimant	NOUN
cblr-7157	257	26	.	.	PUNCT
cblr-7157	258	1	the	the	DET
cblr-7157	258	2	legal	legal	ADJ
cblr-7157	258	3	scholarship	scholarship	NOUN
cblr-7157	258	4	in	in	ADP
cblr-7157	258	5	corporate	corporate	ADJ
cblr-7157	258	6	law	law	NOUN
cblr-7157	258	7	adopted	adopt	VERB
cblr-7157	258	8	the	the	DET
cblr-7157	258	9	contractarian	contractarian	ADJ
cblr-7157	258	10	perspective	perspective	NOUN
cblr-7157	258	11	with	with	ADP
cblr-7157	258	12	alacrity	alacrity	NOUN
cblr-7157	258	13	as	as	ADP
cblr-7157	258	14	the	the	DET
cblr-7157	258	15	law	law	NOUN
cblr-7157	258	16	and	and	CCONJ
cblr-7157	258	17	economics	economic	NOUN
cblr-7157	258	18	movement	movement	NOUN
cblr-7157	258	19	gained	gain	VERB
cblr-7157	258	20	ground	ground	NOUN
cblr-7157	258	21	in	in	ADP
cblr-7157	258	22	the	the	DET
cblr-7157	258	23	academy	academy	NOUN
cblr-7157	258	24	.	.	PUNCT
cblr-7157	259	1	among	among	ADP
cblr-7157	259	2	courts	court	NOUN
cblr-7157	259	3	,	,	PUNCT
cblr-7157	259	4	acceptance	acceptance	NOUN
cblr-7157	259	5	was	be	AUX
cblr-7157	259	6	more	more	ADV
cblr-7157	259	7	incremental	incremental	ADJ
cblr-7157	259	8	.	.	PUNCT
cblr-7157	260	1	although	although	SCONJ
cblr-7157	260	2	delaware	delaware	PROPN
cblr-7157	260	3	courts	court	NOUN
cblr-7157	260	4	have	have	AUX
cblr-7157	260	5	long	long	ADV
cblr-7157	260	6	described	describe	VERB
cblr-7157	260	7	corporate	corporate	ADJ
cblr-7157	260	8	charters	charter	NOUN
cblr-7157	260	9	as	as	ADP
cblr-7157	260	10	contracts	contract	NOUN
cblr-7157	260	11	,	,	PUNCT
cblr-7157	260	12	for	for	ADP
cblr-7157	260	13	years	year	NOUN
cblr-7157	260	14	following	follow	VERB
cblr-7157	260	15	the	the	DET
cblr-7157	260	16	widespread	widespread	ADJ
cblr-7157	260	17	acceptance	acceptance	NOUN
cblr-7157	260	18	of	of	ADP
cblr-7157	260	19	the	the	DET
cblr-7157	260	20	contractarian	contractarian	ADJ
cblr-7157	260	21	perspective	perspective	NOUN
cblr-7157	260	22	among	among	ADP
cblr-7157	260	23	legal	legal	ADJ
cblr-7157	260	24	scholars	scholar	NOUN
cblr-7157	260	25	they	they	PRON
cblr-7157	260	26	continued	continue	VERB
cblr-7157	260	27	to	to	PART
cblr-7157	260	28	invoke	invoke	VERB
cblr-7157	260	29	traditional	traditional	ADJ
cblr-7157	260	30	concepts	concept	NOUN
cblr-7157	260	31	of	of	ADP
cblr-7157	260	32	ownership	ownership	NOUN
cblr-7157	260	33	side	side	NOUN
cblr-7157	260	34	-	-	PUNCT
cblr-7157	260	35	by	by	ADP
cblr-7157	260	36	-	-	PUNCT
cblr-7157	260	37	side	side	NOUN
cblr-7157	260	38	with	with	ADP
cblr-7157	260	39	contractarian	contractarian	ADJ
cblr-7157	260	40	thinking.61	thinking.61	NOUN
cblr-7157	260	41	however	however	ADV
cblr-7157	260	42	,	,	PUNCT
cblr-7157	260	43	in	in	ADP
cblr-7157	260	44	past	past	ADJ
cblr-7157	260	45	few	few	ADJ
cblr-7157	260	46	decades	decade	NOUN
cblr-7157	260	47	the	the	DET
cblr-7157	260	48	contractarian	contractarian	ADJ
cblr-7157	260	49	perspective	perspective	NOUN
cblr-7157	260	50	spread	spread	VERB
cblr-7157	260	51	through	through	ADP
cblr-7157	260	52	the	the	DET
cblr-7157	260	53	courts	court	NOUN
cblr-7157	260	54	,	,	PUNCT
cblr-7157	260	55	to	to	ADP
cblr-7157	260	56	the	the	DET
cblr-7157	260	57	point	point	NOUN
cblr-7157	260	58	that	that	SCONJ
cblr-7157	260	59	the	the	DET
cblr-7157	260	60	corporate	corporate	ADJ
cblr-7157	260	61	charter	charter	NOUN
cblr-7157	260	62	and	and	CCONJ
cblr-7157	260	63	bylaws	bylaw	NOUN
cblr-7157	260	64	are	be	AUX
cblr-7157	260	65	regularly	regularly	ADV
cblr-7157	260	66	described	describe	VERB
cblr-7157	260	67	as	as	ADP
cblr-7157	260	68	“	"	PUNCT
cblr-7157	260	69	contracts	contract	NOUN
cblr-7157	260	70	”	"	PUNCT
cblr-7157	260	71	in	in	ADP
cblr-7157	260	72	delaware	delaware	PROPN
cblr-7157	260	73	cases.62	cases.62	PROPN
cblr-7157	260	74	as	as	SCONJ
cblr-7157	260	75	the	the	DET
cblr-7157	260	76	contractarian	contractarian	ADJ
cblr-7157	260	77	perspective	perspective	NOUN
cblr-7157	260	78	gradually	gradually	ADV
cblr-7157	260	79	squeezed	squeeze	VERB
cblr-7157	260	80	out	out	ADP
cblr-7157	260	81	other	other	ADJ
cblr-7157	260	82	perspectives	perspective	NOUN
cblr-7157	260	83	,	,	PUNCT
cblr-7157	260	84	ownership	ownership	NOUN
cblr-7157	260	85	skepticism	skepticism	NOUN
cblr-7157	260	86	has	have	AUX
cblr-7157	260	87	taken	take	VERB
cblr-7157	260	88	hold	hold	VERB
cblr-7157	260	89	widely	widely	ADV
cblr-7157	260	90	in	in	ADP
cblr-7157	260	91	the	the	DET
cblr-7157	260	92	academy	academy	NOUN
cblr-7157	260	93	and	and	CCONJ
cblr-7157	260	94	among	among	ADP
cblr-7157	260	95	several	several	ADJ
cblr-7157	260	96	prominent	prominent	ADJ
cblr-7157	260	97	practitioners.63	practitioners.63	NOUN
cblr-7157	260	98	although	although	SCONJ
cblr-7157	260	99	the	the	DET
cblr-7157	260	100	nexus	nexus	NOUN
cblr-7157	260	101	of	of	ADP
cblr-7157	260	102	contracts	contract	NOUN
cblr-7157	260	103	metaphor	metaphor	NOUN
cblr-7157	260	104	has	have	AUX
cblr-7157	260	105	become	become	VERB
cblr-7157	260	106	pervasive	pervasive	ADJ
cblr-7157	260	107	,	,	PUNCT
cblr-7157	260	108	it	it	PRON
cblr-7157	260	109	has	have	AUX
cblr-7157	260	110	not	not	PART
cblr-7157	260	111	eliminated	eliminate	VERB
cblr-7157	260	112	the	the	DET
cblr-7157	260	113	idea	idea	NOUN
cblr-7157	260	114	that	that	SCONJ
cblr-7157	260	115	common	common	ADJ
cblr-7157	260	116	stock	stock	NOUN
cblr-7157	260	117	plays	play	VERB
cblr-7157	260	118	a	a	DET
cblr-7157	260	119	special	special	ADJ
cblr-7157	260	120	role	role	NOUN
cblr-7157	260	121	in	in	ADP
cblr-7157	260	122	corporate	corporate	ADJ
cblr-7157	260	123	law	law	NOUN
cblr-7157	260	124	.	.	PUNCT
cblr-7157	261	1	corporate	corporate	ADJ
cblr-7157	261	2	law	law	NOUN
cblr-7157	261	3	doctrine	doctrine	NOUN
cblr-7157	261	4	has	have	VERB
cblr-7157	261	5	not	not	PART
cblr-7157	261	6	the	the	DET
cblr-7157	261	7	corporation	corporation	NOUN
cblr-7157	261	8	into	into	ADP
cblr-7157	261	9	a	a	DET
cblr-7157	261	10	‘	'	PUNCT
cblr-7157	261	11	nexus	nexus	NOUN
cblr-7157	261	12	of	of	ADP
cblr-7157	261	13	contracts	contract	NOUN
cblr-7157	261	14	,	,	PUNCT
cblr-7157	261	15	’	'	PUNCT
cblr-7157	261	16	rejecting	reject	VERB
cblr-7157	261	17	a	a	DET
cblr-7157	261	18	characterization	characterization	NOUN
cblr-7157	261	19	of	of	ADP
cblr-7157	261	20	the	the	DET
cblr-7157	261	21	shareholder	shareholder	NOUN
cblr-7157	261	22	as	as	ADP
cblr-7157	261	23	‘	'	PUNCT
cblr-7157	261	24	owner	owner	NOUN
cblr-7157	261	25	’	'	PUNCT
cblr-7157	261	26	in	in	ADP
cblr-7157	261	27	favor	favor	NOUN
cblr-7157	261	28	of	of	ADP
cblr-7157	261	29	one	one	NUM
cblr-7157	261	30	in	in	ADP
cblr-7157	261	31	which	which	PRON
cblr-7157	261	32	the	the	DET
cblr-7157	261	33	corporation	corporation	NOUN
cblr-7157	261	34	is	be	AUX
cblr-7157	261	35	an	an	DET
cblr-7157	261	36	equilibrium	equilibrium	NOUN
cblr-7157	261	37	among	among	ADP
cblr-7157	261	38	actors	actor	NOUN
cblr-7157	261	39	,	,	PUNCT
cblr-7157	261	40	including	include	VERB
cblr-7157	261	41	shareholders	shareholder	NOUN
cblr-7157	261	42	,	,	PUNCT
cblr-7157	261	43	creditors	creditor	NOUN
cblr-7157	261	44	,	,	PUNCT
cblr-7157	261	45	and	and	CCONJ
cblr-7157	261	46	managers	manager	NOUN
cblr-7157	261	47	,	,	PUNCT
cblr-7157	261	48	who	who	PRON
cblr-7157	261	49	bargain	bargain	VERB
cblr-7157	261	50	within	within	ADP
cblr-7157	261	51	a	a	DET
cblr-7157	261	52	complex	complex	ADJ
cblr-7157	261	53	set	set	NOUN
cblr-7157	261	54	of	of	ADP
cblr-7157	261	55	relationships	relationship	NOUN
cblr-7157	261	56	with	with	ADP
cblr-7157	261	57	the	the	DET
cblr-7157	261	58	corporate	corporate	ADJ
cblr-7157	261	59	entity	entity	NOUN
cblr-7157	261	60	at	at	ADP
cblr-7157	261	61	the	the	DET
cblr-7157	261	62	center	center	NOUN
cblr-7157	261	63	.	.	PUNCT
cblr-7157	261	64	”	"	PUNCT
cblr-7157	261	65	)	)	PUNCT
cblr-7157	261	66	.	.	PUNCT
cblr-7157	262	1	61	61	NUM
cblr-7157	262	2	see	see	VERB
cblr-7157	262	3	,	,	PUNCT
cblr-7157	262	4	e.g.	e.g.	ADV
cblr-7157	262	5	,	,	PUNCT
cblr-7157	262	6	malone	malone	PROPN
cblr-7157	262	7	v.	v.	ADP
cblr-7157	262	8	brincat	brincat	PROPN
cblr-7157	262	9	,	,	PUNCT
cblr-7157	262	10	722	722	NUM
cblr-7157	262	11	a.2d	a.2d	SYM
cblr-7157	262	12	5	5	NUM
cblr-7157	262	13	,	,	PUNCT
cblr-7157	262	14	9	9	NUM
cblr-7157	262	15	(	(	PUNCT
cblr-7157	262	16	del	del	PROPN
cblr-7157	262	17	.	.	NOUN
cblr-7157	262	18	1998	1998	NUM
cblr-7157	262	19	)	)	PUNCT
cblr-7157	262	20	(	(	PUNCT
cblr-7157	262	21	finding	find	VERB
cblr-7157	262	22	that	that	SCONJ
cblr-7157	262	23	directors	director	NOUN
cblr-7157	262	24	have	have	VERB
cblr-7157	262	25	“	"	PUNCT
cblr-7157	262	26	the	the	DET
cblr-7157	262	27	legal	legal	ADJ
cblr-7157	262	28	responsibility	responsibility	NOUN
cblr-7157	262	29	to	to	PART
cblr-7157	262	30	manage	manage	VERB
cblr-7157	262	31	the	the	DET
cblr-7157	262	32	business	business	NOUN
cblr-7157	262	33	of	of	ADP
cblr-7157	262	34	a	a	DET
cblr-7157	262	35	corporation	corporation	NOUN
cblr-7157	262	36	for	for	ADP
cblr-7157	262	37	the	the	DET
cblr-7157	262	38	benefit	benefit	NOUN
cblr-7157	262	39	of	of	ADP
cblr-7157	262	40	its	its	PRON
cblr-7157	262	41	shareholders	shareholder	NOUN
cblr-7157	262	42	owners	owner	NOUN
cblr-7157	262	43	”	"	PUNCT
cblr-7157	262	44	)	)	PUNCT
cblr-7157	262	45	.	.	PUNCT
cblr-7157	263	1	62	62	NUM
cblr-7157	263	2	see	see	VERB
cblr-7157	263	3	,	,	PUNCT
cblr-7157	263	4	e.g.	e.g.	ADV
cblr-7157	263	5	,	,	PUNCT
cblr-7157	263	6	airgas	airgas	PROPN
cblr-7157	263	7	,	,	PUNCT
cblr-7157	263	8	inc	inc	PROPN
cblr-7157	263	9	.	.	PROPN
cblr-7157	264	1	v.	v.	PROPN
cblr-7157	264	2	air	air	NOUN
cblr-7157	264	3	prods	prod	VERB
cblr-7157	264	4	.	.	PUNCT
cblr-7157	264	5	&	&	CCONJ
cblr-7157	264	6	chems	chem	NOUN
cblr-7157	264	7	.	.	PUNCT
cblr-7157	264	8	,	,	PUNCT
cblr-7157	264	9	inc	inc	PROPN
cblr-7157	264	10	.	.	PROPN
cblr-7157	264	11	,	,	PUNCT
cblr-7157	264	12	8	8	NUM
cblr-7157	264	13	a.3d	a.3d	SYM
cblr-7157	264	14	1182	1182	NUM
cblr-7157	264	15	,	,	PUNCT
cblr-7157	264	16	1188	1188	NUM
cblr-7157	264	17	(	(	PUNCT
cblr-7157	264	18	del	del	PROPN
cblr-7157	264	19	.	.	PROPN
cblr-7157	264	20	2010	2010	NUM
cblr-7157	264	21	)	)	PUNCT
cblr-7157	264	22	(	(	PUNCT
cblr-7157	264	23	“	"	PUNCT
cblr-7157	264	24	corporate	corporate	ADJ
cblr-7157	264	25	charters	charter	NOUN
cblr-7157	264	26	and	and	CCONJ
cblr-7157	264	27	bylaws	bylaw	NOUN
cblr-7157	264	28	are	be	AUX
cblr-7157	264	29	contracts	contract	NOUN
cblr-7157	264	30	among	among	ADP
cblr-7157	264	31	a	a	DET
cblr-7157	264	32	corporation	corporation	NOUN
cblr-7157	264	33	’s	’s	PART
cblr-7157	264	34	shareholders	shareholder	NOUN
cblr-7157	264	35	.	.	PUNCT
cblr-7157	264	36	.	.	PUNCT
cblr-7157	264	37	.	.	PUNCT
cblr-7157	264	38	.	.	PUNCT
cblr-7157	264	39	”	"	PUNCT
cblr-7157	264	40	)	)	PUNCT
cblr-7157	264	41	.	.	PUNCT
cblr-7157	265	1	63	63	NUM
cblr-7157	265	2	see	see	VERB
cblr-7157	265	3	,	,	PUNCT
cblr-7157	265	4	e.g.	e.g.	ADV
cblr-7157	265	5	,	,	PUNCT
cblr-7157	265	6	martin	martin	PROPN
cblr-7157	265	7	lipton	lipton	PROPN
cblr-7157	265	8	&	&	CCONJ
cblr-7157	265	9	william	william	PROPN
cblr-7157	265	10	savitt	savitt	VERB
cblr-7157	265	11	,	,	PUNCT
cblr-7157	265	12	the	the	DET
cblr-7157	265	13	many	many	ADJ
cblr-7157	265	14	myths	myth	NOUN
cblr-7157	265	15	of	of	ADP
cblr-7157	265	16	lucian	lucian	PROPN
cblr-7157	265	17	bebchuk	bebchuk	PROPN
cblr-7157	265	18	,	,	PUNCT
cblr-7157	265	19	93	93	NUM
cblr-7157	265	20	va	va	NOUN
cblr-7157	265	21	.	.	PUNCT
cblr-7157	266	1	l.	l.	PROPN
cblr-7157	266	2	rev	rev	PROPN
cblr-7157	266	3	.	.	PROPN
cblr-7157	266	4	733	733	NUM
cblr-7157	266	5	,	,	PUNCT
cblr-7157	266	6	754	754	NUM
cblr-7157	266	7	(	(	PUNCT
cblr-7157	266	8	2007	2007	NUM
cblr-7157	266	9	)	)	PUNCT
cblr-7157	266	10	(	(	PUNCT
cblr-7157	266	11	describing	describe	VERB
cblr-7157	266	12	shareholder	shareholder	NOUN
cblr-7157	266	13	ownership	ownership	NOUN
cblr-7157	266	14	as	as	ADP
cblr-7157	266	15	a	a	DET
cblr-7157	266	16	myth	myth	NOUN
cblr-7157	266	17	)	)	PUNCT
cblr-7157	266	18	.	.	PUNCT
cblr-7157	267	1	notably	notably	ADV
cblr-7157	267	2	,	,	PUNCT
cblr-7157	267	3	as	as	ADP
cblr-7157	267	4	a	a	DET
cblr-7157	267	5	citation	citation	NOUN
cblr-7157	267	6	for	for	ADP
cblr-7157	267	7	this	this	DET
cblr-7157	267	8	proposition	proposition	NOUN
cblr-7157	267	9	the	the	DET
cblr-7157	267	10	authors	author	NOUN
cblr-7157	267	11	cite	cite	VERB
cblr-7157	267	12	martin	martin	PROPN
cblr-7157	267	13	lipton	lipton	PROPN
cblr-7157	267	14	’s	’s	PART
cblr-7157	267	15	article	article	NOUN
cblr-7157	267	16	election	election	NOUN
cblr-7157	267	17	contests	contest	NOUN
cblr-7157	267	18	in	in	ADP
cblr-7157	267	19	the	the	DET
cblr-7157	267	20	company	company	NOUN
cblr-7157	267	21	’s	’s	PART
cblr-7157	267	22	proxy	proxy	NOUN
cblr-7157	267	23	:	:	PUNCT
cblr-7157	267	24	an	an	DET
cblr-7157	267	25	idea	idea	NOUN
cblr-7157	267	26	whose	whose	DET
cblr-7157	267	27	time	time	NOUN
cblr-7157	267	28	has	have	AUX
cblr-7157	267	29	not	not	PART
cblr-7157	267	30	come	come	VERB
cblr-7157	267	31	,	,	PUNCT
cblr-7157	267	32	which	which	PRON
cblr-7157	267	33	in	in	ADP
cblr-7157	267	34	turn	turn	NOUN
cblr-7157	267	35	cites	cite	VERB
cblr-7157	267	36	as	as	ADP
cblr-7157	267	37	its	its	PRON
cblr-7157	267	38	authority	authority	NOUN
cblr-7157	267	39	martin	martin	PROPN
cblr-7157	267	40	lipton	lipton	PROPN
cblr-7157	267	41	’s	’s	PART
cblr-7157	267	42	even	even	ADV
cblr-7157	267	43	earlier	early	ADJ
cblr-7157	267	44	article	article	NOUN
cblr-7157	267	45	.	.	PUNCT
cblr-7157	268	1	see	see	VERB
cblr-7157	268	2	martin	martin	PROPN
cblr-7157	268	3	lipton	lipton	PROPN
cblr-7157	268	4	&	&	CCONJ
cblr-7157	268	5	steven	steven	PROPN
cblr-7157	268	6	a.	a.	PROPN
cblr-7157	268	7	rosenblum	rosenblum	PROPN
cblr-7157	268	8	,	,	PUNCT
cblr-7157	268	9	election	election	NOUN
cblr-7157	268	10	contests	contest	NOUN
cblr-7157	268	11	in	in	ADP
cblr-7157	268	12	the	the	DET
cblr-7157	268	13	company	company	NOUN
cblr-7157	268	14	’s	’s	PART
cblr-7157	268	15	proxy	proxy	NOUN
cblr-7157	268	16	:	:	PUNCT
cblr-7157	268	17	an	an	DET
cblr-7157	268	18	idea	idea	NOUN
cblr-7157	268	19	whose	whose	DET
cblr-7157	268	20	time	time	NOUN
cblr-7157	268	21	has	have	AUX
cblr-7157	268	22	not	not	PART
cblr-7157	268	23	come	come	VERB
cblr-7157	268	24	,	,	PUNCT
cblr-7157	268	25	59	59	NUM
cblr-7157	268	26	bus	bus	NOUN
cblr-7157	268	27	.	.	PUNCT
cblr-7157	269	1	law	law	NOUN
cblr-7157	269	2	.	.	PUNCT
cblr-7157	270	1	67	67	NUM
cblr-7157	270	2	,	,	PUNCT
cblr-7157	270	3	72	72	NUM
cblr-7157	270	4	(	(	PUNCT
cblr-7157	270	5	2003	2003	NUM
cblr-7157	270	6	)	)	PUNCT
cblr-7157	270	7	(	(	PUNCT
cblr-7157	270	8	citing	cite	VERB
cblr-7157	270	9	martin	martin	PROPN
cblr-7157	270	10	lipton	lipton	PROPN
cblr-7157	270	11	&	&	CCONJ
cblr-7157	270	12	steven	steven	PROPN
cblr-7157	270	13	a.	a.	PROPN
cblr-7157	270	14	rosenblum	rosenblum	PROPN
cblr-7157	270	15	,	,	PUNCT
cblr-7157	270	16	a	a	DET
cblr-7157	270	17	new	new	ADJ
cblr-7157	270	18	system	system	NOUN
cblr-7157	270	19	of	of	ADP
cblr-7157	270	20	corporate	corporate	ADJ
cblr-7157	270	21	governance	governance	NOUN
cblr-7157	270	22	:	:	PUNCT
cblr-7157	270	23	the	the	DET
cblr-7157	270	24	quinquennial	quinquennial	ADJ
cblr-7157	270	25	election	election	NOUN
cblr-7157	270	26	of	of	ADP
cblr-7157	270	27	directors	director	NOUN
cblr-7157	270	28	,	,	PUNCT
cblr-7157	270	29	58	58	NUM
cblr-7157	270	30	u.	u.	NOUN
cblr-7157	270	31	chi	chi	PROPN
cblr-7157	270	32	.	.	PUNCT
cblr-7157	271	1	l.	l.	PROPN
cblr-7157	271	2	rev	rev	PROPN
cblr-7157	271	3	.	.	PROPN
cblr-7157	271	4	187	187	NUM
cblr-7157	271	5	(	(	PUNCT
cblr-7157	271	6	1991	1991	NUM
cblr-7157	271	7	)	)	PUNCT
cblr-7157	271	8	)	)	PUNCT
cblr-7157	271	9	.	.	PUNCT
cblr-7157	272	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	272	2	(	(	PUNCT
cblr-7157	272	3	do	do	AUX
cblr-7157	272	4	not	not	PART
cblr-7157	272	5	delete	delete	VERB
cblr-7157	272	6	)	)	PUNCT
cblr-7157	272	7	10/2/2020	10/2/2020	NUM
cblr-7157	272	8	11:44	11:44	NUM
cblr-7157	272	9	am	be	AUX
cblr-7157	272	10	no	no	NOUN
cblr-7157	272	11	.	.	PUNCT
cblr-7157	272	12	1:1	1:1	NUM
cblr-7157	272	13	]	]	X
cblr-7157	272	14	a	a	DET
cblr-7157	272	15	property	property	NOUN
cblr-7157	272	16	theory	theory	NOUN
cblr-7157	272	17	21	21	NUM
cblr-7157	272	18	subscribed	subscribe	VERB
cblr-7157	272	19	to	to	ADP
cblr-7157	272	20	the	the	DET
cblr-7157	272	21	“	"	PUNCT
cblr-7157	272	22	absolute	absolute	ADJ
cblr-7157	272	23	contractualism	contractualism	NOUN
cblr-7157	272	24	”	"	PUNCT
cblr-7157	272	25	of	of	ADP
cblr-7157	272	26	the	the	DET
cblr-7157	272	27	nexus	nexus	NOUN
cblr-7157	272	28	of	of	ADP
cblr-7157	272	29	contracts	contract	NOUN
cblr-7157	272	30	approach,64	approach,64	VERB
cblr-7157	272	31	which	which	PRON
cblr-7157	272	32	would	would	AUX
cblr-7157	272	33	in	in	ADP
cblr-7157	272	34	theory	theory	NOUN
cblr-7157	272	35	lead	lead	NOUN
cblr-7157	272	36	courts	court	NOUN
cblr-7157	272	37	to	to	PART
cblr-7157	272	38	treat	treat	VERB
cblr-7157	272	39	all	all	DET
cblr-7157	272	40	types	type	NOUN
cblr-7157	272	41	of	of	ADP
cblr-7157	272	42	claims	claim	NOUN
cblr-7157	272	43	on	on	ADP
cblr-7157	272	44	the	the	DET
cblr-7157	272	45	corporation	corporation	NOUN
cblr-7157	272	46	equally	equally	ADV
cblr-7157	272	47	,	,	PUNCT
cblr-7157	272	48	distinguishing	distinguish	VERB
cblr-7157	272	49	them	they	PRON
cblr-7157	272	50	only	only	ADV
cblr-7157	272	51	on	on	ADP
cblr-7157	272	52	their	their	PRON
cblr-7157	272	53	status	status	NOUN
cblr-7157	272	54	as	as	ADP
cblr-7157	272	55	residual	residual	ADJ
cblr-7157	272	56	claimants	claimant	NOUN
cblr-7157	272	57	.	.	PUNCT
cblr-7157	273	1	instead	instead	ADV
cblr-7157	273	2	,	,	PUNCT
cblr-7157	273	3	courts	court	NOUN
cblr-7157	273	4	have	have	AUX
cblr-7157	273	5	nearly	nearly	ADV
cblr-7157	273	6	universally	universally	ADV
cblr-7157	273	7	continued	continue	VERB
cblr-7157	273	8	to	to	PART
cblr-7157	273	9	draw	draw	VERB
cblr-7157	273	10	lines	line	NOUN
cblr-7157	273	11	between	between	ADP
cblr-7157	273	12	corporate	corporate	ADJ
cblr-7157	273	13	and	and	CCONJ
cblr-7157	273	14	contract	contract	NOUN
cblr-7157	273	15	law	law	NOUN
cblr-7157	273	16	based	base	VERB
cblr-7157	273	17	on	on	ADP
cblr-7157	273	18	the	the	DET
cblr-7157	273	19	internal	internal	ADJ
cblr-7157	273	20	affairs	affair	NOUN
cblr-7157	273	21	doctrine	doctrine	NOUN
cblr-7157	273	22	,	,	PUNCT
cblr-7157	273	23	with	with	ADP
cblr-7157	273	24	the	the	DET
cblr-7157	273	25	label	label	NOUN
cblr-7157	273	26	“	"	PUNCT
cblr-7157	273	27	stock	stock	NOUN
cblr-7157	273	28	”	"	PUNCT
cblr-7157	273	29	typically	typically	ADV
cblr-7157	273	30	serving	serve	VERB
cblr-7157	273	31	as	as	ADP
cblr-7157	273	32	a	a	DET
cblr-7157	273	33	rough	rough	ADJ
cblr-7157	273	34	dividing	dividing	NOUN
cblr-7157	273	35	line	line	NOUN
cblr-7157	273	36	.	.	PUNCT
cblr-7157	274	1	yet	yet	ADV
cblr-7157	274	2	courts	court	NOUN
cblr-7157	274	3	have	have	AUX
cblr-7157	274	4	recognized	recognize	VERB
cblr-7157	274	5	that	that	SCONJ
cblr-7157	274	6	this	this	DET
cblr-7157	274	7	rough	rough	ADJ
cblr-7157	274	8	dividing	dividing	NOUN
cblr-7157	274	9	line	line	NOUN
cblr-7157	274	10	is	be	AUX
cblr-7157	274	11	inadequate	inadequate	ADJ
cblr-7157	274	12	for	for	ADP
cblr-7157	274	13	some	some	DET
cblr-7157	274	14	purposes	purpose	NOUN
cblr-7157	274	15	.	.	PUNCT
cblr-7157	275	1	this	this	PRON
cblr-7157	275	2	is	be	AUX
cblr-7157	275	3	particularly	particularly	ADV
cblr-7157	275	4	apparent	apparent	ADJ
cblr-7157	275	5	in	in	ADP
cblr-7157	275	6	the	the	DET
cblr-7157	275	7	context	context	NOUN
cblr-7157	275	8	of	of	ADP
cblr-7157	275	9	preferred	preferred	ADJ
cblr-7157	275	10	stock	stock	NOUN
cblr-7157	275	11	,	,	PUNCT
cblr-7157	275	12	where	where	SCONJ
cblr-7157	275	13	the	the	DET
cblr-7157	275	14	delaware	delaware	PROPN
cblr-7157	275	15	courts	court	NOUN
cblr-7157	275	16	routinely	routinely	ADV
cblr-7157	275	17	distinguish	distinguish	VERB
cblr-7157	275	18	between	between	ADP
cblr-7157	275	19	the	the	DET
cblr-7157	275	20	contractual	contractual	ADJ
cblr-7157	275	21	rights	right	NOUN
cblr-7157	275	22	of	of	ADP
cblr-7157	275	23	preferred	preferred	ADJ
cblr-7157	275	24	stockholders	stockholder	NOUN
cblr-7157	275	25	and	and	CCONJ
cblr-7157	275	26	their	their	PRON
cblr-7157	275	27	“	"	PUNCT
cblr-7157	275	28	fiduciary	fiduciary	ADJ
cblr-7157	275	29	”	"	PUNCT
cblr-7157	275	30	rights.65	rights.65	NOUN
cblr-7157	275	31	thus	thus	ADV
cblr-7157	275	32	,	,	PUNCT
cblr-7157	275	33	the	the	DET
cblr-7157	275	34	move	move	NOUN
cblr-7157	275	35	toward	toward	ADP
cblr-7157	275	36	a	a	DET
cblr-7157	275	37	contractarian	contractarian	ADJ
cblr-7157	275	38	theory	theory	NOUN
cblr-7157	275	39	is	be	AUX
cblr-7157	275	40	well	well	ADV
cblr-7157	275	41	established	establish	VERB
cblr-7157	275	42	both	both	CCONJ
cblr-7157	275	43	in	in	ADP
cblr-7157	275	44	the	the	DET
cblr-7157	275	45	academy	academy	NOUN
cblr-7157	275	46	and	and	CCONJ
cblr-7157	275	47	in	in	ADP
cblr-7157	275	48	the	the	DET
cblr-7157	275	49	delaware	delaware	PROPN
cblr-7157	275	50	courts	court	NOUN
cblr-7157	275	51	,	,	PUNCT
cblr-7157	275	52	where	where	SCONJ
cblr-7157	275	53	the	the	DET
cblr-7157	275	54	most	most	ADV
cblr-7157	275	55	important	important	ADJ
cblr-7157	275	56	corporate	corporate	ADJ
cblr-7157	275	57	cases	case	NOUN
cblr-7157	275	58	are	be	AUX
cblr-7157	275	59	decided	decide	VERB
cblr-7157	275	60	.	.	PUNCT
cblr-7157	276	1	however	however	ADV
cblr-7157	276	2	,	,	PUNCT
cblr-7157	276	3	as	as	SCONJ
cblr-7157	276	4	discussed	discuss	VERB
cblr-7157	276	5	in	in	ADP
cblr-7157	276	6	the	the	DET
cblr-7157	276	7	next	next	ADJ
cblr-7157	276	8	section	section	NOUN
cblr-7157	276	9	,	,	PUNCT
cblr-7157	276	10	pure	pure	ADJ
cblr-7157	276	11	contractarian	contractarian	ADJ
cblr-7157	276	12	theory	theory	NOUN
cblr-7157	276	13	is	be	AUX
cblr-7157	276	14	difficult	difficult	ADJ
cblr-7157	276	15	to	to	PART
cblr-7157	276	16	square	square	VERB
cblr-7157	276	17	with	with	ADP
cblr-7157	276	18	basic	basic	ADJ
cblr-7157	276	19	principles	principle	NOUN
cblr-7157	276	20	of	of	ADP
cblr-7157	276	21	corporate	corporate	ADJ
cblr-7157	276	22	law	law	NOUN
cblr-7157	276	23	.	.	PUNCT
cblr-7157	277	1	the	the	DET
cblr-7157	277	2	conception	conception	NOUN
cblr-7157	277	3	of	of	ADP
cblr-7157	277	4	a	a	DET
cblr-7157	277	5	“	"	PUNCT
cblr-7157	277	6	free	free	ADJ
cblr-7157	277	7	floating	float	VERB
cblr-7157	277	8	”	"	PUNCT
cblr-7157	277	9	nexus	nexus	NOUN
cblr-7157	277	10	of	of	ADP
cblr-7157	277	11	different	different	ADJ
cblr-7157	277	12	but	but	CCONJ
cblr-7157	277	13	equal	equal	ADJ
cblr-7157	277	14	contractual	contractual	ADJ
cblr-7157	277	15	claims	claim	NOUN
cblr-7157	277	16	,	,	PUNCT
cblr-7157	277	17	unrooted	unrooted	ADJ
cblr-7157	277	18	in	in	ADP
cblr-7157	277	19	the	the	DET
cblr-7157	277	20	firm	firm	ADJ
cblr-7157	277	21	ground	ground	NOUN
cblr-7157	277	22	of	of	ADP
cblr-7157	277	23	property	property	NOUN
cblr-7157	277	24	law	law	NOUN
cblr-7157	277	25	,	,	PUNCT
cblr-7157	277	26	finds	find	VERB
cblr-7157	277	27	little	little	ADJ
cblr-7157	277	28	support	support	NOUN
cblr-7157	277	29	in	in	ADP
cblr-7157	277	30	state	state	NOUN
cblr-7157	277	31	corporation	corporation	NOUN
cblr-7157	277	32	statutes	statute	NOUN
cblr-7157	277	33	.	.	PUNCT
cblr-7157	278	1	these	these	DET
cblr-7157	278	2	statutes	statute	NOUN
cblr-7157	278	3	deal	deal	VERB
cblr-7157	278	4	almost	almost	ADV
cblr-7157	278	5	exclusively	exclusively	ADV
cblr-7157	278	6	with	with	ADP
cblr-7157	278	7	the	the	DET
cblr-7157	278	8	rights	right	NOUN
cblr-7157	278	9	of	of	ADP
cblr-7157	278	10	shareholders	shareholder	NOUN
cblr-7157	278	11	,	,	PUNCT
cblr-7157	278	12	as	as	SCONJ
cblr-7157	278	13	does	do	VERB
cblr-7157	278	14	the	the	DET
cblr-7157	278	15	common	common	ADJ
cblr-7157	278	16	law	law	NOUN
cblr-7157	278	17	,	,	PUNCT
cblr-7157	278	18	which	which	PRON
cblr-7157	278	19	for	for	ADP
cblr-7157	278	20	most	most	ADJ
cblr-7157	278	21	purposes	purpose	NOUN
cblr-7157	278	22	treats	treat	VERB
cblr-7157	278	23	shareholders	shareholder	NOUN
cblr-7157	278	24	as	as	ADP
cblr-7157	278	25	owners	owner	NOUN
cblr-7157	278	26	.	.	PUNCT
cblr-7157	279	1	in	in	ADP
cblr-7157	279	2	addition	addition	NOUN
cblr-7157	279	3	,	,	PUNCT
cblr-7157	279	4	courts	court	NOUN
cblr-7157	279	5	have	have	AUX
cblr-7157	279	6	continued	continue	VERB
cblr-7157	279	7	to	to	PART
cblr-7157	279	8	draw	draw	VERB
cblr-7157	279	9	a	a	DET
cblr-7157	279	10	line	line	NOUN
cblr-7157	279	11	between	between	ADP
cblr-7157	279	12	contractual	contractual	ADJ
cblr-7157	279	13	and	and	CCONJ
cblr-7157	279	14	fiduciary	fiduciary	ADJ
cblr-7157	279	15	rights	right	NOUN
cblr-7157	279	16	.	.	PUNCT
cblr-7157	280	1	the	the	DET
cblr-7157	280	2	next	next	ADJ
cblr-7157	280	3	section	section	NOUN
cblr-7157	280	4	highlights	highlight	VERB
cblr-7157	280	5	some	some	PRON
cblr-7157	280	6	of	of	ADP
cblr-7157	280	7	the	the	DET
cblr-7157	280	8	many	many	ADJ
cblr-7157	280	9	incompatibilities	incompatibility	NOUN
cblr-7157	280	10	of	of	ADP
cblr-7157	280	11	contractarian	contractarian	ADJ
cblr-7157	280	12	theory	theory	NOUN
cblr-7157	280	13	with	with	ADP
cblr-7157	280	14	corporate	corporate	ADJ
cblr-7157	280	15	law	law	NOUN
cblr-7157	280	16	and	and	CCONJ
cblr-7157	280	17	practice	practice	NOUN
cblr-7157	280	18	.	.	PUNCT
cblr-7157	281	1	c.	c.	NOUN
cblr-7157	281	2	the	the	DET
cblr-7157	281	3	theory	theory	NOUN
cblr-7157	281	4	of	of	ADP
cblr-7157	281	5	the	the	DET
cblr-7157	281	6	firm	firm	NOUN
cblr-7157	281	7	versus	versus	ADP
cblr-7157	281	8	the	the	DET
cblr-7157	281	9	legal	legal	ADJ
cblr-7157	281	10	backdrop	backdrop	NOUN
cblr-7157	281	11	the	the	DET
cblr-7157	281	12	contractarian	contractarian	ADJ
cblr-7157	281	13	theory	theory	NOUN
cblr-7157	281	14	,	,	PUNCT
cblr-7157	281	15	at	at	ADP
cblr-7157	281	16	least	least	ADJ
cblr-7157	281	17	in	in	ADP
cblr-7157	281	18	its	its	PRON
cblr-7157	281	19	most	most	ADV
cblr-7157	281	20	literal	literal	ADJ
cblr-7157	281	21	sense	sense	NOUN
cblr-7157	281	22	of	of	ADP
cblr-7157	281	23	ownership	ownership	NOUN
cblr-7157	281	24	skepticism	skepticism	NOUN
cblr-7157	281	25	,	,	PUNCT
cblr-7157	281	26	faces	face	VERB
cblr-7157	281	27	an	an	DET
cblr-7157	281	28	uphill	uphill	ADJ
cblr-7157	281	29	battle	battle	NOUN
cblr-7157	281	30	in	in	ADP
cblr-7157	281	31	explaining	explain	VERB
cblr-7157	281	32	many	many	ADJ
cblr-7157	281	33	important	important	ADJ
cblr-7157	281	34	features	feature	NOUN
cblr-7157	281	35	of	of	ADP
cblr-7157	281	36	corporate	corporate	ADJ
cblr-7157	281	37	law	law	NOUN
cblr-7157	281	38	.	.	PUNCT
cblr-7157	282	1	it	it	PRON
cblr-7157	282	2	must	must	AUX
cblr-7157	282	3	first	first	ADV
cblr-7157	282	4	confront	confront	VERB
cblr-7157	282	5	the	the	DET
cblr-7157	282	6	fact	fact	NOUN
cblr-7157	282	7	that	that	SCONJ
cblr-7157	282	8	the	the	DET
cblr-7157	282	9	“	"	PUNCT
cblr-7157	282	10	traditional	traditional	ADJ
cblr-7157	282	11	”	"	PUNCT
cblr-7157	282	12	view	view	NOUN
cblr-7157	282	13	tends	tend	VERB
cblr-7157	282	14	to	to	PART
cblr-7157	282	15	view	view	VERB
cblr-7157	282	16	64	64	NUM
cblr-7157	282	17	see	see	VERB
cblr-7157	282	18	william	william	PROPN
cblr-7157	282	19	w.	w.	PROPN
cblr-7157	282	20	bratton	bratton	PROPN
cblr-7157	282	21	,	,	PUNCT
cblr-7157	282	22	the	the	DET
cblr-7157	282	23	new	new	ADJ
cblr-7157	282	24	economic	economic	ADJ
cblr-7157	282	25	theory	theory	NOUN
cblr-7157	282	26	of	of	ADP
cblr-7157	282	27	the	the	DET
cblr-7157	282	28	firm	firm	NOUN
cblr-7157	282	29	:	:	PUNCT
cblr-7157	282	30	critical	critical	ADJ
cblr-7157	282	31	perspectives	perspective	NOUN
cblr-7157	282	32	from	from	ADP
cblr-7157	282	33	history	history	NOUN
cblr-7157	282	34	,	,	PUNCT
cblr-7157	282	35	41	41	NUM
cblr-7157	282	36	stan	stan	PROPN
cblr-7157	282	37	.	.	PUNCT
cblr-7157	283	1	l.	l.	PROPN
cblr-7157	283	2	rev	rev	PROPN
cblr-7157	283	3	.	.	PROPN
cblr-7157	283	4	1471	1471	NUM
cblr-7157	283	5	,	,	PUNCT
cblr-7157	283	6	1517	1517	NUM
cblr-7157	283	7	(	(	PUNCT
cblr-7157	283	8	1989	1989	NUM
cblr-7157	283	9	)	)	PUNCT
cblr-7157	283	10	(	(	PUNCT
cblr-7157	283	11	“	"	PUNCT
cblr-7157	283	12	to	to	PART
cblr-7157	283	13	sum	sum	VERB
cblr-7157	283	14	up	up	ADP
cblr-7157	283	15	,	,	PUNCT
cblr-7157	283	16	the	the	DET
cblr-7157	283	17	doctrinal	doctrinal	ADJ
cblr-7157	283	18	theory	theory	NOUN
cblr-7157	283	19	of	of	ADP
cblr-7157	283	20	the	the	DET
cblr-7157	283	21	corporate	corporate	ADJ
cblr-7157	283	22	firm	firm	NOUN
cblr-7157	283	23	refutes	refute	VERB
cblr-7157	283	24	the	the	DET
cblr-7157	283	25	assertion	assertion	NOUN
cblr-7157	283	26	that	that	SCONJ
cblr-7157	283	27	the	the	DET
cblr-7157	283	28	corporation	corporation	NOUN
cblr-7157	283	29	‘	'	PUNCT
cblr-7157	283	30	is	be	AUX
cblr-7157	283	31	contract	contract	NOUN
cblr-7157	283	32	.	.	PUNCT
cblr-7157	283	33	’	'	PUNCT
cblr-7157	283	34	”	"	PUNCT
cblr-7157	283	35	)	)	PUNCT
cblr-7157	283	36	.	.	PUNCT
cblr-7157	284	1	65	65	NUM
cblr-7157	284	2	see	see	VERB
cblr-7157	284	3	infra	infra	NOUN
cblr-7157	284	4	section	section	NOUN
cblr-7157	284	5	v.b	v.b	PROPN
cblr-7157	284	6	.	.	PROPN
cblr-7157	284	7	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	284	8	(	(	PUNCT
cblr-7157	284	9	do	do	AUX
cblr-7157	284	10	not	not	PART
cblr-7157	284	11	delte	delte	VERB
cblr-7157	284	12	)	)	PUNCT
cblr-7157	284	13	10/2/2020	10/2/2020	NUM
cblr-7157	284	14	11:44	11:44	NUM
cblr-7157	284	15	am	am	NOUN
cblr-7157	284	16	22	22	NUM
cblr-7157	284	17	columbia	columbia	PROPN
cblr-7157	284	18	business	business	NOUN
cblr-7157	284	19	law	law	PROPN
cblr-7157	284	20	review	review	NOUN
cblr-7157	284	21	[	[	X
cblr-7157	284	22	vol	vol	NOUN
cblr-7157	284	23	.	.	PUNCT
cblr-7157	284	24	2020	2020	NUM
cblr-7157	284	25	shareholders	shareholder	NOUN
cblr-7157	284	26	as	as	ADP
cblr-7157	284	27	the	the	DET
cblr-7157	284	28	“	"	PUNCT
cblr-7157	284	29	owners	owner	NOUN
cblr-7157	284	30	”	"	PUNCT
cblr-7157	284	31	of	of	ADP
cblr-7157	284	32	the	the	DET
cblr-7157	284	33	corporation.66	corporation.66	NOUN
cblr-7157	284	34	indeed	indeed	ADV
cblr-7157	284	35	,	,	PUNCT
cblr-7157	284	36	such	such	DET
cblr-7157	284	37	a	a	DET
cblr-7157	284	38	view	view	NOUN
cblr-7157	284	39	is	be	AUX
cblr-7157	284	40	literally	literally	ADV
cblr-7157	284	41	black	black	ADJ
cblr-7157	284	42	letter	letter	NOUN
cblr-7157	284	43	law	law	NOUN
cblr-7157	284	44	in	in	ADP
cblr-7157	284	45	the	the	DET
cblr-7157	284	46	model	model	NOUN
cblr-7157	284	47	business	business	PROPN
cblr-7157	284	48	corporation	corporation	PROPN
cblr-7157	284	49	act	act	PROPN
cblr-7157	284	50	(	(	PUNCT
cblr-7157	284	51	“	"	PUNCT
cblr-7157	284	52	the	the	DET
cblr-7157	284	53	mbca”).67	mbca”).67	NOUN
cblr-7157	284	54	this	this	DET
cblr-7157	284	55	perspective	perspective	NOUN
cblr-7157	284	56	is	be	AUX
cblr-7157	284	57	also	also	ADV
cblr-7157	284	58	prevalent	prevalent	ADJ
cblr-7157	284	59	among	among	ADP
cblr-7157	284	60	courts	court	NOUN
cblr-7157	284	61	,	,	PUNCT
cblr-7157	284	62	which	which	PRON
cblr-7157	284	63	regularly	regularly	ADV
cblr-7157	284	64	describe	describe	VERB
cblr-7157	284	65	shareholders	shareholder	NOUN
cblr-7157	284	66	as	as	ADP
cblr-7157	284	67	the	the	DET
cblr-7157	284	68	“	"	PUNCT
cblr-7157	284	69	owners	owner	NOUN
cblr-7157	284	70	”	"	PUNCT
cblr-7157	284	71	of	of	ADP
cblr-7157	284	72	the	the	DET
cblr-7157	284	73	corporation.68	corporation.68	NOUN
cblr-7157	284	74	the	the	DET
cblr-7157	284	75	question	question	NOUN
cblr-7157	284	76	is	be	AUX
cblr-7157	284	77	whether	whether	SCONJ
cblr-7157	284	78	these	these	DET
cblr-7157	284	79	labels	label	NOUN
cblr-7157	284	80	are	be	AUX
cblr-7157	284	81	merely	merely	ADV
cblr-7157	284	82	convenient	convenient	ADJ
cblr-7157	284	83	shorthand	shorthand	NOUN
cblr-7157	284	84	for	for	ADP
cblr-7157	284	85	a	a	DET
cblr-7157	284	86	special	special	ADJ
cblr-7157	284	87	type	type	NOUN
cblr-7157	284	88	of	of	ADP
cblr-7157	284	89	contractual	contractual	ADJ
cblr-7157	284	90	relationship	relationship	NOUN
cblr-7157	284	91	or	or	CCONJ
cblr-7157	284	92	whether	whether	SCONJ
cblr-7157	284	93	they	they	PRON
cblr-7157	284	94	are	be	AUX
cblr-7157	284	95	intended	intend	VERB
cblr-7157	284	96	to	to	PART
cblr-7157	284	97	be	be	AUX
cblr-7157	284	98	taken	take	VERB
cblr-7157	284	99	literally	literally	ADV
cblr-7157	284	100	.	.	PUNCT
cblr-7157	285	1	this	this	DET
cblr-7157	285	2	section	section	NOUN
cblr-7157	285	3	explores	explore	VERB
cblr-7157	285	4	the	the	DET
cblr-7157	285	5	arguments	argument	NOUN
cblr-7157	285	6	for	for	ADP
cblr-7157	285	7	and	and	CCONJ
cblr-7157	285	8	against	against	ADP
cblr-7157	285	9	recognizing	recognize	VERB
cblr-7157	285	10	property	property	NOUN
cblr-7157	285	11	rights	right	NOUN
cblr-7157	285	12	and	and	CCONJ
cblr-7157	285	13	contract	contract	NOUN
cblr-7157	285	14	rights	right	NOUN
cblr-7157	285	15	in	in	ADP
cblr-7157	285	16	corporations	corporation	NOUN
cblr-7157	285	17	.	.	PUNCT
cblr-7157	286	1	the	the	DET
cblr-7157	286	2	first	first	ADJ
cblr-7157	286	3	subsection	subsection	NOUN
cblr-7157	286	4	addresses	address	NOUN
cblr-7157	286	5	arguments	argument	NOUN
cblr-7157	286	6	for	for	ADP
cblr-7157	286	7	and	and	CCONJ
cblr-7157	286	8	against	against	ADP
cblr-7157	286	9	a	a	DET
cblr-7157	286	10	property	property	NOUN
cblr-7157	286	11	view	view	NOUN
cblr-7157	286	12	of	of	ADP
cblr-7157	286	13	shares	share	NOUN
cblr-7157	286	14	relating	relate	VERB
cblr-7157	286	15	property	property	NOUN
cblr-7157	286	16	theory	theory	NOUN
cblr-7157	286	17	to	to	ADP
cblr-7157	286	18	shares	share	NOUN
cblr-7157	286	19	of	of	ADP
cblr-7157	286	20	corporate	corporate	ADJ
cblr-7157	286	21	stock	stock	NOUN
cblr-7157	286	22	.	.	PUNCT
cblr-7157	287	1	the	the	DET
cblr-7157	287	2	second	second	ADJ
cblr-7157	287	3	subsection	subsection	NOUN
cblr-7157	287	4	addresses	address	VERB
cblr-7157	287	5	arguments	argument	NOUN
cblr-7157	287	6	for	for	ADP
cblr-7157	287	7	and	and	CCONJ
cblr-7157	287	8	against	against	ADP
cblr-7157	287	9	a	a	DET
cblr-7157	287	10	contractual	contractual	ADJ
cblr-7157	287	11	view	view	NOUN
cblr-7157	287	12	of	of	ADP
cblr-7157	287	13	shares	share	NOUN
cblr-7157	287	14	.	.	PUNCT
cblr-7157	288	1	this	this	DET
cblr-7157	288	2	subsection	subsection	NOUN
cblr-7157	288	3	relies	rely	VERB
cblr-7157	288	4	principally	principally	ADV
cblr-7157	288	5	on	on	ADP
cblr-7157	288	6	the	the	DET
cblr-7157	288	7	misalignment	misalignment	NOUN
cblr-7157	288	8	between	between	ADP
cblr-7157	288	9	contract	contract	NOUN
cblr-7157	288	10	law	law	NOUN
cblr-7157	288	11	principles	principle	NOUN
cblr-7157	288	12	and	and	CCONJ
cblr-7157	288	13	the	the	DET
cblr-7157	288	14	distinctive	distinctive	ADJ
cblr-7157	288	15	features	feature	NOUN
cblr-7157	288	16	of	of	ADP
cblr-7157	288	17	corporate	corporate	ADJ
cblr-7157	288	18	law	law	NOUN
cblr-7157	288	19	.	.	PUNCT
cblr-7157	289	1	the	the	DET
cblr-7157	289	2	discussion	discussion	NOUN
cblr-7157	289	3	shows	show	VERB
cblr-7157	289	4	that	that	SCONJ
cblr-7157	289	5	from	from	ADP
cblr-7157	289	6	both	both	DET
cblr-7157	289	7	perspectives	perspective	NOUN
cblr-7157	289	8	the	the	DET
cblr-7157	289	9	default	default	NOUN
cblr-7157	289	10	rights	right	NOUN
cblr-7157	289	11	of	of	ADP
cblr-7157	289	12	common	common	ADJ
cblr-7157	289	13	stockholders	stockholder	NOUN
cblr-7157	289	14	fall	fall	VERB
cblr-7157	289	15	decidedly	decidedly	ADV
cblr-7157	289	16	on	on	ADP
cblr-7157	289	17	the	the	DET
cblr-7157	289	18	property	property	NOUN
cblr-7157	289	19	side	side	NOUN
cblr-7157	289	20	of	of	ADP
cblr-7157	289	21	the	the	DET
cblr-7157	289	22	property	property	NOUN
cblr-7157	289	23	-	-	PUNCT
cblr-7157	289	24	contract	contract	NOUN
cblr-7157	289	25	borderline	borderline	NOUN
cblr-7157	289	26	.	.	PUNCT
cblr-7157	290	1	however	however	ADV
cblr-7157	290	2	,	,	PUNCT
cblr-7157	290	3	the	the	DET
cblr-7157	290	4	verdict	verdict	NOUN
cblr-7157	290	5	is	be	AUX
cblr-7157	290	6	more	more	ADV
cblr-7157	290	7	nuanced	nuanced	ADJ
cblr-7157	290	8	than	than	ADP
cblr-7157	290	9	the	the	DET
cblr-7157	290	10	traditional	traditional	ADJ
cblr-7157	290	11	view	view	NOUN
cblr-7157	290	12	that	that	SCONJ
cblr-7157	290	13	shareholders	shareholder	NOUN
cblr-7157	290	14	are	be	AUX
cblr-7157	290	15	“	"	PUNCT
cblr-7157	290	16	the	the	DET
cblr-7157	290	17	owners	owner	NOUN
cblr-7157	290	18	”	"	PUNCT
cblr-7157	290	19	of	of	ADP
cblr-7157	290	20	the	the	DET
cblr-7157	290	21	corporation	corporation	NOUN
cblr-7157	290	22	.	.	PUNCT
cblr-7157	291	1	shareholders	shareholder	NOUN
cblr-7157	291	2	have	have	VERB
cblr-7157	291	3	ownership	ownership	NOUN
cblr-7157	291	4	interests	interest	NOUN
cblr-7157	291	5	through	through	ADP
cblr-7157	291	6	the	the	DET
cblr-7157	291	7	corporation	corporation	NOUN
cblr-7157	291	8	,	,	PUNCT
cblr-7157	291	9	some	some	PRON
cblr-7157	291	10	stronger	strong	ADJ
cblr-7157	291	11	,	,	PUNCT
cblr-7157	291	12	some	some	PRON
cblr-7157	291	13	weaker	weak	ADJ
cblr-7157	291	14	,	,	PUNCT
cblr-7157	291	15	as	as	ADV
cblr-7157	291	16	well	well	ADV
cblr-7157	291	17	as	as	ADP
cblr-7157	291	18	contractual	contractual	ADJ
cblr-7157	291	19	interests	interest	NOUN
cblr-7157	291	20	,	,	PUNCT
cblr-7157	291	21	all	all	PRON
cblr-7157	291	22	of	of	ADP
cblr-7157	291	23	which	which	PRON
cblr-7157	291	24	depend	depend	VERB
cblr-7157	291	25	on	on	ADP
cblr-7157	291	26	the	the	DET
cblr-7157	291	27	particular	particular	ADJ
cblr-7157	291	28	claim	claim	NOUN
cblr-7157	291	29	in	in	ADP
cblr-7157	291	30	question	question	NOUN
cblr-7157	291	31	.	.	PUNCT
cblr-7157	292	1	these	these	DET
cblr-7157	292	2	nuanced	nuanced	ADJ
cblr-7157	292	3	features	feature	NOUN
cblr-7157	292	4	of	of	ADP
cblr-7157	292	5	the	the	DET
cblr-7157	292	6	corporation	corporation	NOUN
cblr-7157	292	7	as	as	ADP
cblr-7157	292	8	an	an	DET
cblr-7157	292	9	ownership	ownership	NOUN
cblr-7157	292	10	structure	structure	NOUN
cblr-7157	292	11	will	will	AUX
cblr-7157	292	12	be	be	AUX
cblr-7157	292	13	a	a	DET
cblr-7157	292	14	key	key	ADJ
cblr-7157	292	15	feature	feature	NOUN
cblr-7157	292	16	of	of	ADP
cblr-7157	292	17	the	the	DET
cblr-7157	292	18	analysis	analysis	NOUN
cblr-7157	292	19	in	in	ADP
cblr-7157	292	20	parts	part	NOUN
cblr-7157	292	21	iii	iii	PROPN
cblr-7157	292	22	,	,	PUNCT
cblr-7157	292	23	iv	iv	NOUN
cblr-7157	292	24	,	,	PUNCT
cblr-7157	292	25	and	and	CCONJ
cblr-7157	292	26	v.	v.	ADP
cblr-7157	292	27	66	66	NUM
cblr-7157	292	28	see	see	PROPN
cblr-7157	292	29	velasco	velasco	PROPN
cblr-7157	292	30	,	,	PUNCT
cblr-7157	292	31	supra	supra	PROPN
cblr-7157	292	32	note	note	PROPN
cblr-7157	292	33	8	8	NUM
cblr-7157	292	34	,	,	PUNCT
cblr-7157	292	35	at	at	ADP
cblr-7157	292	36	898–901	898–901	PROPN
cblr-7157	292	37	(	(	PUNCT
cblr-7157	292	38	describing	describe	VERB
cblr-7157	292	39	shareholder	shareholder	NOUN
cblr-7157	292	40	ownership	ownership	NOUN
cblr-7157	292	41	as	as	ADP
cblr-7157	292	42	the	the	DET
cblr-7157	292	43	“	"	PUNCT
cblr-7157	292	44	traditional	traditional	ADJ
cblr-7157	292	45	view	view	NOUN
cblr-7157	292	46	”	"	PUNCT
cblr-7157	292	47	)	)	PUNCT
cblr-7157	292	48	.	.	PUNCT
cblr-7157	293	1	67	67	NUM
cblr-7157	293	2	in	in	ADP
cblr-7157	293	3	the	the	DET
cblr-7157	293	4	model	model	NOUN
cblr-7157	293	5	business	business	PROPN
cblr-7157	293	6	corporation	corporation	PROPN
cblr-7157	293	7	act	act	PROPN
cblr-7157	293	8	(	(	PUNCT
cblr-7157	293	9	“	"	PUNCT
cblr-7157	293	10	the	the	DET
cblr-7157	293	11	mbca	mbca	ADJ
cblr-7157	293	12	”	"	PUNCT
cblr-7157	293	13	)	)	PUNCT
cblr-7157	293	14	,	,	PUNCT
cblr-7157	293	15	shares	share	NOUN
cblr-7157	293	16	are	be	AUX
cblr-7157	293	17	defined	define	VERB
cblr-7157	293	18	as	as	ADP
cblr-7157	293	19	“	"	PUNCT
cblr-7157	293	20	the	the	DET
cblr-7157	293	21	units	unit	NOUN
cblr-7157	293	22	into	into	ADP
cblr-7157	293	23	which	which	PRON
cblr-7157	293	24	the	the	DET
cblr-7157	293	25	proprietary	proprietary	ADJ
cblr-7157	293	26	interests	interest	NOUN
cblr-7157	293	27	in	in	ADP
cblr-7157	293	28	a	a	DET
cblr-7157	293	29	domestic	domestic	ADJ
cblr-7157	293	30	or	or	CCONJ
cblr-7157	293	31	foreign	foreign	ADJ
cblr-7157	293	32	corporation	corporation	NOUN
cblr-7157	293	33	are	be	AUX
cblr-7157	293	34	divided	divide	VERB
cblr-7157	293	35	.	.	PUNCT
cblr-7157	293	36	”	"	PUNCT
cblr-7157	294	1	model	model	NOUN
cblr-7157	294	2	bus	bus	PROPN
cblr-7157	294	3	.	.	PUNCT
cblr-7157	295	1	corp	corp	PROPN
cblr-7157	295	2	.	.	PROPN
cblr-7157	295	3	act	act	PROPN
cblr-7157	295	4	§	§	PROPN
cblr-7157	295	5	1.40	1.40	NUM
cblr-7157	295	6	(	(	PUNCT
cblr-7157	295	7	am	am	NOUN
cblr-7157	295	8	.	.	PUNCT
cblr-7157	296	1	bar	bar	NOUN
cblr-7157	296	2	ass’n	ass’n	NUM
cblr-7157	296	3	2016	2016	NUM
cblr-7157	296	4	)	)	PUNCT
cblr-7157	296	5	.	.	PUNCT
cblr-7157	297	1	given	give	VERB
cblr-7157	297	2	that	that	SCONJ
cblr-7157	297	3	“	"	PUNCT
cblr-7157	297	4	proprietary	proprietary	ADJ
cblr-7157	297	5	”	"	PUNCT
cblr-7157	297	6	means	mean	VERB
cblr-7157	297	7	“	"	PUNCT
cblr-7157	297	8	[	[	X
cblr-7157	297	9	o]f	o]f	NOUN
cblr-7157	297	10	,	,	PUNCT
cblr-7157	297	11	relating	relate	VERB
cblr-7157	297	12	to	to	ADP
cblr-7157	297	13	,	,	PUNCT
cblr-7157	297	14	or	or	CCONJ
cblr-7157	297	15	holding	hold	VERB
cblr-7157	297	16	as	as	ADP
cblr-7157	297	17	property	property	NOUN
cblr-7157	297	18	,	,	PUNCT
cblr-7157	297	19	”	"	PUNCT
cblr-7157	297	20	the	the	DET
cblr-7157	297	21	mbca	mbca	NOUN
cblr-7157	297	22	clearly	clearly	ADV
cblr-7157	297	23	takes	take	VERB
cblr-7157	297	24	the	the	DET
cblr-7157	297	25	position	position	NOUN
cblr-7157	297	26	that	that	SCONJ
cblr-7157	297	27	shares	share	NOUN
cblr-7157	297	28	are	be	AUX
cblr-7157	297	29	ownership	ownership	NOUN
cblr-7157	297	30	interests	interest	NOUN
cblr-7157	297	31	.	.	PUNCT
cblr-7157	298	1	proprietary	proprietary	ADJ
cblr-7157	298	2	,	,	PUNCT
cblr-7157	298	3	black	black	NOUN
cblr-7157	298	4	’s	’s	PART
cblr-7157	298	5	law	law	NOUN
cblr-7157	298	6	dictionary	dictionary	NOUN
cblr-7157	298	7	(	(	PUNCT
cblr-7157	298	8	11th	11th	ADJ
cblr-7157	298	9	ed	ed	NOUN
cblr-7157	298	10	.	.	PROPN
cblr-7157	298	11	2019	2019	NUM
cblr-7157	298	12	)	)	PUNCT
cblr-7157	298	13	.	.	PUNCT
cblr-7157	299	1	68	68	NUM
cblr-7157	299	2	see	see	VERB
cblr-7157	299	3	,	,	PUNCT
cblr-7157	299	4	e.g.	e.g.	ADV
cblr-7157	299	5	,	,	PUNCT
cblr-7157	299	6	n.	n.	PROPN
cblr-7157	299	7	am	am	PROPN
cblr-7157	299	8	.	.	PUNCT
cblr-7157	300	1	catholic	catholic	PROPN
cblr-7157	300	2	educ	educ	PROPN
cblr-7157	300	3	.	.	PUNCT
cblr-7157	301	1	programming	programming	NOUN
cblr-7157	301	2	found	find	VERB
cblr-7157	301	3	.	.	PUNCT
cblr-7157	301	4	,	,	PUNCT
cblr-7157	301	5	inc	inc	PROPN
cblr-7157	301	6	.	.	PROPN
cblr-7157	301	7	v.	v.	ADP
cblr-7157	301	8	gheewalla	gheewalla	PROPN
cblr-7157	301	9	,	,	PUNCT
cblr-7157	301	10	930	930	NUM
cblr-7157	301	11	a.2d	a.2d	NUM
cblr-7157	301	12	92	92	NUM
cblr-7157	301	13	,	,	PUNCT
cblr-7157	301	14	101	101	NUM
cblr-7157	301	15	(	(	PUNCT
cblr-7157	301	16	del	del	PROPN
cblr-7157	301	17	.	.	PROPN
cblr-7157	301	18	2007	2007	NUM
cblr-7157	301	19	)	)	PUNCT
cblr-7157	302	1	(	(	PUNCT
cblr-7157	302	2	quoting	quote	VERB
cblr-7157	302	3	malone	malone	PROPN
cblr-7157	302	4	v.	v.	ADP
cblr-7157	302	5	brincat	brincat	PROPN
cblr-7157	302	6	,	,	PUNCT
cblr-7157	302	7	722	722	NUM
cblr-7157	302	8	a.2d	a.2d	SYM
cblr-7157	302	9	5	5	NUM
cblr-7157	302	10	,	,	PUNCT
cblr-7157	302	11	9	9	NUM
cblr-7157	302	12	(	(	PUNCT
cblr-7157	302	13	del	del	PROPN
cblr-7157	302	14	.	.	PROPN
cblr-7157	302	15	1998	1998	NUM
cblr-7157	302	16	)	)	PUNCT
cblr-7157	302	17	)	)	PUNCT
cblr-7157	302	18	.	.	PUNCT
cblr-7157	303	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	303	2	(	(	PUNCT
cblr-7157	303	3	do	do	AUX
cblr-7157	303	4	not	not	PART
cblr-7157	303	5	delete	delete	VERB
cblr-7157	303	6	)	)	PUNCT
cblr-7157	303	7	10/2/2020	10/2/2020	NUM
cblr-7157	303	8	11:44	11:44	NUM
cblr-7157	303	9	am	be	AUX
cblr-7157	303	10	no	no	NOUN
cblr-7157	303	11	.	.	PUNCT
cblr-7157	303	12	1:1	1:1	NUM
cblr-7157	303	13	]	]	X
cblr-7157	303	14	a	a	DET
cblr-7157	303	15	property	property	NOUN
cblr-7157	303	16	theory	theory	NOUN
cblr-7157	303	17	23	23	NUM
cblr-7157	303	18	1	1	NUM
cblr-7157	303	19	.	.	PUNCT
cblr-7157	303	20	common	common	ADJ
cblr-7157	303	21	stock	stock	NOUN
cblr-7157	303	22	and	and	CCONJ
cblr-7157	303	23	property	property	NOUN
cblr-7157	303	24	theory	theory	NOUN
cblr-7157	303	25	how	how	SCONJ
cblr-7157	303	26	do	do	VERB
cblr-7157	303	27	the	the	DET
cblr-7157	303	28	attributes	attribute	NOUN
cblr-7157	303	29	of	of	ADP
cblr-7157	303	30	corporate	corporate	ADJ
cblr-7157	303	31	stock	stock	NOUN
cblr-7157	303	32	mesh	mesh	NOUN
cblr-7157	303	33	with	with	ADP
cblr-7157	303	34	the	the	DET
cblr-7157	303	35	defining	define	VERB
cblr-7157	303	36	features	feature	NOUN
cblr-7157	303	37	of	of	ADP
cblr-7157	303	38	property	property	NOUN
cblr-7157	303	39	?	?	PUNCT
cblr-7157	304	1	the	the	DET
cblr-7157	304	2	property	property	NOUN
cblr-7157	304	3	theory	theory	NOUN
cblr-7157	304	4	literature	literature	NOUN
cblr-7157	304	5	supplies	supply	VERB
cblr-7157	304	6	many	many	ADJ
cblr-7157	304	7	approaches	approach	NOUN
cblr-7157	304	8	for	for	ADP
cblr-7157	304	9	defining	define	VERB
cblr-7157	304	10	property	property	NOUN
cblr-7157	304	11	,	,	PUNCT
cblr-7157	304	12	but	but	CCONJ
cblr-7157	304	13	the	the	DET
cblr-7157	304	14	contemporary	contemporary	ADJ
cblr-7157	304	15	starting	starting	NOUN
cblr-7157	304	16	place	place	NOUN
cblr-7157	304	17	is	be	AUX
cblr-7157	304	18	often	often	ADV
cblr-7157	304	19	with	with	ADP
cblr-7157	304	20	the	the	DET
cblr-7157	304	21	“	"	PUNCT
cblr-7157	304	22	bundle	bundle	NOUN
cblr-7157	304	23	of	of	ADP
cblr-7157	304	24	rights	right	NOUN
cblr-7157	304	25	”	"	PUNCT
cblr-7157	304	26	perspective	perspective	NOUN
cblr-7157	304	27	,	,	PUNCT
cblr-7157	304	28	drawing	draw	VERB
cblr-7157	304	29	on	on	ADP
cblr-7157	304	30	a.m	a.m	PROPN
cblr-7157	304	31	honoré	honoré	PROPN
cblr-7157	304	32	’s	’s	PART
cblr-7157	304	33	classic	classic	ADJ
cblr-7157	304	34	exposition	exposition	NOUN
cblr-7157	304	35	of	of	ADP
cblr-7157	304	36	the	the	DET
cblr-7157	304	37	eleven	eleven	NUM
cblr-7157	304	38	incidents	incident	NOUN
cblr-7157	304	39	of	of	ADP
cblr-7157	304	40	ownership.69	ownership.69	NOUN
cblr-7157	304	41	this	this	DET
cblr-7157	304	42	approach	approach	NOUN
cblr-7157	304	43	,	,	PUNCT
cblr-7157	304	44	although	although	SCONJ
cblr-7157	304	45	wellestablished	wellestablishe	VERB
cblr-7157	304	46	within	within	ADP
cblr-7157	304	47	the	the	DET
cblr-7157	304	48	property	property	NOUN
cblr-7157	304	49	literature	literature	NOUN
cblr-7157	304	50	,	,	PUNCT
cblr-7157	304	51	has	have	AUX
cblr-7157	304	52	been	be	AUX
cblr-7157	304	53	challenged	challenge	VERB
cblr-7157	304	54	by	by	ADP
cblr-7157	304	55	the	the	DET
cblr-7157	304	56	“	"	PUNCT
cblr-7157	304	57	new	new	ADJ
cblr-7157	304	58	essentialism	essentialism	NOUN
cblr-7157	304	59	”	"	PUNCT
cblr-7157	304	60	in	in	ADP
cblr-7157	304	61	property	property	NOUN
cblr-7157	304	62	that	that	PRON
cblr-7157	304	63	identifies	identify	VERB
cblr-7157	304	64	several	several	ADJ
cblr-7157	304	65	essential	essential	ADJ
cblr-7157	304	66	features	feature	NOUN
cblr-7157	304	67	of	of	ADP
cblr-7157	304	68	property.70	property.70	NOUN
cblr-7157	304	69	this	this	DET
cblr-7157	304	70	part	part	NOUN
cblr-7157	304	71	first	first	ADV
cblr-7157	304	72	shows	show	VERB
cblr-7157	304	73	how	how	SCONJ
cblr-7157	304	74	corporate	corporate	ADJ
cblr-7157	304	75	ownership	ownership	NOUN
cblr-7157	304	76	interests	interest	NOUN
cblr-7157	304	77	align	align	VERB
cblr-7157	304	78	with	with	ADP
cblr-7157	304	79	the	the	DET
cblr-7157	304	80	“	"	PUNCT
cblr-7157	304	81	bundle	bundle	NOUN
cblr-7157	304	82	”	"	PUNCT
cblr-7157	304	83	metaphor	metaphor	NOUN
cblr-7157	304	84	associated	associate	VERB
cblr-7157	304	85	with	with	ADP
cblr-7157	304	86	honoré	honoré	NOUN
cblr-7157	304	87	,	,	PUNCT
cblr-7157	304	88	before	before	ADP
cblr-7157	304	89	focusing	focus	VERB
cblr-7157	304	90	the	the	DET
cblr-7157	304	91	inquiry	inquiry	NOUN
cblr-7157	304	92	on	on	ADP
cblr-7157	304	93	the	the	DET
cblr-7157	304	94	“	"	PUNCT
cblr-7157	304	95	essentialist	essentialist	ADJ
cblr-7157	304	96	”	"	PUNCT
cblr-7157	304	97	literature	literature	NOUN
cblr-7157	304	98	in	in	ADP
cblr-7157	304	99	section	section	NOUN
cblr-7157	304	100	iii.b	iii.b	PROPN
cblr-7157	304	101	.	.	PUNCT
cblr-7157	305	1	the	the	DET
cblr-7157	305	2	incidents	incident	NOUN
cblr-7157	305	3	of	of	ADP
cblr-7157	305	4	ownership	ownership	NOUN
cblr-7157	305	5	,	,	PUNCT
cblr-7157	305	6	according	accord	VERB
cblr-7157	305	7	to	to	ADP
cblr-7157	305	8	honoré	honoré	NOUN
cblr-7157	305	9	,	,	PUNCT
cblr-7157	305	10	include	include	VERB
cblr-7157	305	11	:	:	PUNCT
cblr-7157	305	12	(	(	PUNCT
cblr-7157	305	13	1	1	X
cblr-7157	305	14	)	)	PUNCT
cblr-7157	305	15	the	the	DET
cblr-7157	305	16	right	right	NOUN
cblr-7157	305	17	to	to	PART
cblr-7157	305	18	possess	possess	VERB
cblr-7157	305	19	;	;	PUNCT
cblr-7157	305	20	(	(	PUNCT
cblr-7157	305	21	2	2	X
cblr-7157	305	22	)	)	PUNCT
cblr-7157	305	23	the	the	DET
cblr-7157	305	24	right	right	NOUN
cblr-7157	305	25	to	to	PART
cblr-7157	305	26	use	use	VERB
cblr-7157	305	27	;	;	PUNCT
cblr-7157	305	28	(	(	PUNCT
cblr-7157	305	29	3	3	X
cblr-7157	305	30	)	)	PUNCT
cblr-7157	305	31	the	the	DET
cblr-7157	305	32	right	right	NOUN
cblr-7157	305	33	to	to	PART
cblr-7157	305	34	manage	manage	VERB
cblr-7157	305	35	;	;	PUNCT
cblr-7157	305	36	(	(	PUNCT
cblr-7157	305	37	4	4	X
cblr-7157	305	38	)	)	PUNCT
cblr-7157	305	39	the	the	DET
cblr-7157	305	40	right	right	NOUN
cblr-7157	305	41	to	to	ADP
cblr-7157	305	42	the	the	DET
cblr-7157	305	43	income	income	NOUN
cblr-7157	305	44	of	of	ADP
cblr-7157	305	45	the	the	DET
cblr-7157	305	46	thing	thing	NOUN
cblr-7157	305	47	;	;	PUNCT
cblr-7157	305	48	(	(	PUNCT
cblr-7157	305	49	5	5	X
cblr-7157	305	50	)	)	PUNCT
cblr-7157	305	51	the	the	DET
cblr-7157	305	52	right	right	NOUN
cblr-7157	305	53	to	to	ADP
cblr-7157	305	54	the	the	DET
cblr-7157	305	55	capital	capital	NOUN
cblr-7157	305	56	;	;	PUNCT
cblr-7157	305	57	(	(	PUNCT
cblr-7157	305	58	6	6	X
cblr-7157	305	59	)	)	PUNCT
cblr-7157	305	60	the	the	DET
cblr-7157	305	61	right	right	NOUN
cblr-7157	305	62	to	to	ADP
cblr-7157	305	63	security	security	NOUN
cblr-7157	305	64	;	;	PUNCT
cblr-7157	305	65	(	(	PUNCT
cblr-7157	305	66	7	7	X
cblr-7157	305	67	)	)	PUNCT
cblr-7157	305	68	the	the	DET
cblr-7157	305	69	incident	incident	NOUN
cblr-7157	305	70	of	of	ADP
cblr-7157	305	71	transmissibility	transmissibility	NOUN
cblr-7157	305	72	;	;	PUNCT
cblr-7157	305	73	(	(	PUNCT
cblr-7157	305	74	8)	8)	NUM
cblr-7157	305	75	the	the	DET
cblr-7157	305	76	incident	incident	NOUN
cblr-7157	305	77	of	of	ADP
cblr-7157	305	78	absence	absence	NOUN
cblr-7157	305	79	of	of	ADP
cblr-7157	305	80	term	term	NOUN
cblr-7157	305	81	;	;	PUNCT
cblr-7157	305	82	(	(	PUNCT
cblr-7157	305	83	9	9	X
cblr-7157	305	84	)	)	PUNCT
cblr-7157	305	85	the	the	DET
cblr-7157	305	86	prohibition	prohibition	NOUN
cblr-7157	305	87	of	of	ADP
cblr-7157	305	88	harmful	harmful	ADJ
cblr-7157	305	89	use	use	NOUN
cblr-7157	305	90	;	;	PUNCT
cblr-7157	305	91	(	(	PUNCT
cblr-7157	305	92	10	10	X
cblr-7157	305	93	)	)	PUNCT
cblr-7157	305	94	liability	liability	NOUN
cblr-7157	305	95	to	to	ADP
cblr-7157	305	96	execution	execution	NOUN
cblr-7157	305	97	;	;	PUNCT
cblr-7157	305	98	and	and	CCONJ
cblr-7157	305	99	(	(	PUNCT
cblr-7157	305	100	11	11	NUM
cblr-7157	305	101	)	)	PUNCT
cblr-7157	305	102	the	the	DET
cblr-7157	305	103	incident	incident	NOUN
cblr-7157	305	104	of	of	ADP
cblr-7157	305	105	residuarity.71	residuarity.71	VERB
cblr-7157	305	106	the	the	DET
cblr-7157	305	107	various	various	ADJ
cblr-7157	305	108	aspects	aspect	NOUN
cblr-7157	305	109	of	of	ADP
cblr-7157	305	110	ownership	ownership	NOUN
cblr-7157	305	111	on	on	ADP
cblr-7157	305	112	honoré	honoré	PROPN
cblr-7157	305	113	’s	’s	PART
cblr-7157	305	114	list	list	NOUN
cblr-7157	305	115	show	show	VERB
cblr-7157	305	116	that	that	SCONJ
cblr-7157	305	117	ownership	ownership	NOUN
cblr-7157	305	118	can	can	AUX
cblr-7157	305	119	be	be	AUX
cblr-7157	305	120	more	more	ADV
cblr-7157	305	121	complex	complex	ADJ
cblr-7157	305	122	than	than	ADP
cblr-7157	305	123	traditional	traditional	ADJ
cblr-7157	305	124	fee	fee	NOUN
cblr-7157	305	125	simple	simple	ADJ
cblr-7157	305	126	ownership	ownership	NOUN
cblr-7157	305	127	,	,	PUNCT
cblr-7157	305	128	and	and	CCONJ
cblr-7157	305	129	that	that	SCONJ
cblr-7157	305	130	shareholders	shareholder	NOUN
cblr-7157	305	131	can	can	AUX
cblr-7157	305	132	not	not	PART
cblr-7157	305	133	be	be	AUX
cblr-7157	305	134	thought	think	VERB
cblr-7157	305	135	of	of	ADP
cblr-7157	305	136	as	as	ADP
cblr-7157	305	137	owners	owner	NOUN
cblr-7157	305	138	of	of	ADP
cblr-7157	305	139	the	the	DET
cblr-7157	305	140	assets	asset	NOUN
cblr-7157	305	141	of	of	ADP
cblr-7157	305	142	the	the	DET
cblr-7157	305	143	corporation	corporation	NOUN
cblr-7157	305	144	in	in	ADP
cblr-7157	305	145	the	the	DET
cblr-7157	305	146	same	same	ADJ
cblr-7157	305	147	ways	way	NOUN
cblr-7157	305	148	a	a	DET
cblr-7157	305	149	fee	fee	NOUN
cblr-7157	305	150	simple	simple	ADJ
cblr-7157	305	151	owner	owner	NOUN
cblr-7157	305	152	would	would	AUX
cblr-7157	305	153	be	be	AUX
cblr-7157	305	154	.	.	PUNCT
cblr-7157	306	1	ownership	ownership	NOUN
cblr-7157	306	2	skeptics	skeptic	NOUN
cblr-7157	306	3	often	often	ADV
cblr-7157	306	4	seize	seize	VERB
cblr-7157	306	5	on	on	ADP
cblr-7157	306	6	this	this	DET
cblr-7157	306	7	fact	fact	NOUN
cblr-7157	306	8	,	,	PUNCT
cblr-7157	306	9	deploying	deploy	VERB
cblr-7157	306	10	this	this	DET
cblr-7157	306	11	list	list	NOUN
cblr-7157	306	12	of	of	ADP
cblr-7157	306	13	the	the	DET
cblr-7157	306	14	attributes	attribute	NOUN
cblr-7157	306	15	of	of	ADP
cblr-7157	306	16	fee	fee	NOUN
cblr-7157	306	17	simple	simple	ADJ
cblr-7157	306	18	ownership	ownership	NOUN
cblr-7157	306	19	to	to	PART
cblr-7157	306	20	observe	observe	VERB
cblr-7157	306	21	that	that	SCONJ
cblr-7157	306	22	shareholders	shareholder	NOUN
cblr-7157	306	23	lack	lack	VERB
cblr-7157	306	24	some	some	PRON
cblr-7157	306	25	of	of	ADP
cblr-7157	306	26	these	these	DET
cblr-7157	306	27	incidents	incident	NOUN
cblr-7157	306	28	and	and	CCONJ
cblr-7157	306	29	thereby	thereby	ADV
cblr-7157	306	30	conclude	conclude	VERB
cblr-7157	306	31	that	that	SCONJ
cblr-7157	306	32	the	the	DET
cblr-7157	306	33	missing	miss	VERB
cblr-7157	306	34	incidents	incident	NOUN
cblr-7157	306	35	testify	testify	VERB
cblr-7157	306	36	to	to	ADP
cblr-7157	306	37	a	a	DET
cblr-7157	306	38	lack	lack	NOUN
cblr-7157	306	39	ownership.72	ownership.72	ADP
cblr-7157	306	40	the	the	DET
cblr-7157	306	41	ownership	ownership	NOUN
cblr-7157	306	42	skeptics	skeptic	NOUN
cblr-7157	306	43	are	be	AUX
cblr-7157	306	44	correct	correct	ADJ
cblr-7157	306	45	—	—	PUNCT
cblr-7157	306	46	shareholders	shareholder	NOUN
cblr-7157	306	47	do	do	AUX
cblr-7157	306	48	lack	lack	VERB
cblr-7157	306	49	69	69	NUM
cblr-7157	306	50	see	see	NOUN
cblr-7157	306	51	a.	a.	NOUN
cblr-7157	306	52	m.	m.	PROPN
cblr-7157	306	53	honoré	honoré	PROPN
cblr-7157	306	54	,	,	PUNCT
cblr-7157	306	55	ownership	ownership	NOUN
cblr-7157	306	56	,	,	PUNCT
cblr-7157	306	57	in	in	ADP
cblr-7157	306	58	oxford	oxford	ADJ
cblr-7157	306	59	essays	essay	NOUN
cblr-7157	306	60	in	in	ADP
cblr-7157	306	61	jurisprudence	jurisprudence	NOUN
cblr-7157	306	62	107	107	NUM
cblr-7157	306	63	(	(	PUNCT
cblr-7157	306	64	a.	a.	NOUN
cblr-7157	306	65	g.	g.	PROPN
cblr-7157	306	66	guest	guest	PROPN
cblr-7157	306	67	ed	ed	PROPN
cblr-7157	306	68	.	.	PROPN
cblr-7157	306	69	,	,	PUNCT
cblr-7157	306	70	1961	1961	NUM
cblr-7157	306	71	)	)	PUNCT
cblr-7157	306	72	.	.	PUNCT
cblr-7157	307	1	70	70	NUM
cblr-7157	307	2	see	see	VERB
cblr-7157	307	3	katrina	katrina	PROPN
cblr-7157	307	4	m.	m.	PROPN
cblr-7157	307	5	wyman	wyman	PROPN
cblr-7157	307	6	,	,	PUNCT
cblr-7157	307	7	the	the	DET
cblr-7157	307	8	new	new	ADJ
cblr-7157	307	9	essentialism	essentialism	NOUN
cblr-7157	307	10	in	in	ADP
cblr-7157	307	11	property	property	NOUN
cblr-7157	307	12	,	,	PUNCT
cblr-7157	307	13	9	9	NUM
cblr-7157	307	14	j.	j.	NOUN
cblr-7157	307	15	legal	legal	ADJ
cblr-7157	307	16	analysis	analysis	NOUN
cblr-7157	307	17	183	183	NUM
cblr-7157	307	18	,	,	PUNCT
cblr-7157	307	19	184	184	NUM
cblr-7157	307	20	(	(	PUNCT
cblr-7157	307	21	2017	2017	NUM
cblr-7157	307	22	)	)	PUNCT
cblr-7157	307	23	.	.	PUNCT
cblr-7157	308	1	71	71	NUM
cblr-7157	309	1	i	i	PRON
cblr-7157	309	2	d.	d.	PROPN
cblr-7157	309	3	at	at	ADP
cblr-7157	309	4	113–34	113–34	NUM
cblr-7157	309	5	.	.	PUNCT
cblr-7157	310	1	72	72	NUM
cblr-7157	310	2	see	see	VERB
cblr-7157	310	3	,	,	PUNCT
cblr-7157	310	4	e.g.	e.g.	ADV
cblr-7157	310	5	,	,	PUNCT
cblr-7157	310	6	kent	kent	PROPN
cblr-7157	310	7	greenfield	greenfield	PROPN
cblr-7157	310	8	,	,	PUNCT
cblr-7157	310	9	the	the	DET
cblr-7157	310	10	failure	failure	NOUN
cblr-7157	310	11	of	of	ADP
cblr-7157	310	12	corporate	corporate	ADJ
cblr-7157	310	13	law	law	NOUN
cblr-7157	310	14	45	45	NUM
cblr-7157	310	15	(	(	PUNCT
cblr-7157	310	16	2006	2006	NUM
cblr-7157	310	17	)	)	PUNCT
cblr-7157	310	18	(	(	PUNCT
cblr-7157	310	19	arguing	argue	VERB
cblr-7157	310	20	that	that	SCONJ
cblr-7157	310	21	shareholders	shareholder	NOUN
cblr-7157	310	22	“	"	PUNCT
cblr-7157	310	23	have	have	VERB
cblr-7157	310	24	fewer	few	ADJ
cblr-7157	310	25	ownership	ownership	NOUN
cblr-7157	310	26	‘	'	PUNCT
cblr-7157	310	27	rights	right	NOUN
cblr-7157	310	28	’	'	PUNCT
cblr-7157	310	29	than	than	ADP
cblr-7157	310	30	virtually	virtually	ADV
cblr-7157	310	31	any	any	DET
cblr-7157	310	32	other	other	ADJ
cblr-7157	310	33	kind	kind	NOUN
cblr-7157	310	34	of	of	ADP
cblr-7157	310	35	owner	owner	NOUN
cblr-7157	310	36	”	"	PUNCT
cblr-7157	310	37	)	)	PUNCT
cblr-7157	310	38	;	;	PUNCT
cblr-7157	310	39	richard	richard	PROPN
cblr-7157	310	40	a.	a.	PROPN
cblr-7157	310	41	booth	booth	PROPN
cblr-7157	310	42	,	,	PUNCT
cblr-7157	310	43	who	who	PRON
cblr-7157	310	44	owns	own	VERB
cblr-7157	310	45	a	a	DET
cblr-7157	310	46	corporation	corporation	NOUN
cblr-7157	310	47	and	and	CCONJ
cblr-7157	310	48	who	who	PRON
cblr-7157	310	49	cares	care	VERB
cblr-7157	310	50	?	?	PUNCT
cblr-7157	310	51	,	,	PUNCT
cblr-7157	310	52	77	77	NUM
cblr-7157	310	53	chi.-kent	chi.-kent	PROPN
cblr-7157	310	54	l.	l.	PROPN
cblr-7157	310	55	rev	rev	PROPN
cblr-7157	310	56	.	.	PROPN
cblr-7157	310	57	147	147	NUM
cblr-7157	310	58	,	,	PUNCT
cblr-7157	310	59	163–65	163–65	NUM
cblr-7157	310	60	(	(	PUNCT
cblr-7157	310	61	2001	2001	NUM
cblr-7157	310	62	)	)	PUNCT
cblr-7157	310	63	(	(	PUNCT
cblr-7157	310	64	arguing	argue	VERB
cblr-7157	310	65	that	that	SCONJ
cblr-7157	310	66	because	because	SCONJ
cblr-7157	310	67	poison	poison	NOUN
cblr-7157	310	68	pill	pill	NOUN
cblr-7157	310	69	shareholders	shareholder	NOUN
cblr-7157	310	70	only	only	ADV
cblr-7157	310	71	have	have	VERB
cblr-7157	310	72	veto	veto	NOUN
cblr-7157	310	73	rights	right	NOUN
cblr-7157	310	74	over	over	ADP
cblr-7157	310	75	a	a	DET
cblr-7157	310	76	sale	sale	NOUN
cblr-7157	310	77	of	of	ADP
cblr-7157	310	78	the	the	DET
cblr-7157	310	79	company	company	NOUN
cblr-7157	310	80	they	they	PRON
cblr-7157	310	81	are	be	AUX
cblr-7157	310	82	not	not	PART
cblr-7157	310	83	similar	similar	ADJ
cblr-7157	310	84	to	to	ADP
cblr-7157	310	85	owners	owner	NOUN
cblr-7157	310	86	)	)	PUNCT
cblr-7157	310	87	.	.	PUNCT
cblr-7157	311	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	311	2	(	(	PUNCT
cblr-7157	311	3	do	do	AUX
cblr-7157	311	4	not	not	PART
cblr-7157	311	5	delte	delte	VERB
cblr-7157	311	6	)	)	PUNCT
cblr-7157	311	7	10/2/2020	10/2/2020	NUM
cblr-7157	311	8	11:44	11:44	NUM
cblr-7157	311	9	am	am	NOUN
cblr-7157	311	10	24	24	NUM
cblr-7157	311	11	columbia	columbia	PROPN
cblr-7157	311	12	business	business	NOUN
cblr-7157	311	13	law	law	PROPN
cblr-7157	311	14	review	review	NOUN
cblr-7157	311	15	[	[	X
cblr-7157	311	16	vol	vol	NOUN
cblr-7157	311	17	.	.	PUNCT
cblr-7157	311	18	2020	2020	NUM
cblr-7157	312	1	some	some	PRON
cblr-7157	312	2	of	of	ADP
cblr-7157	312	3	these	these	DET
cblr-7157	312	4	incidents	incident	NOUN
cblr-7157	312	5	,	,	PUNCT
cblr-7157	312	6	at	at	ADP
cblr-7157	312	7	least	least	ADJ
cblr-7157	312	8	as	as	ADP
cblr-7157	312	9	to	to	ADP
cblr-7157	312	10	the	the	DET
cblr-7157	312	11	property	property	NOUN
cblr-7157	312	12	legally	legally	ADV
cblr-7157	312	13	owned	own	VERB
cblr-7157	312	14	by	by	ADP
cblr-7157	312	15	the	the	DET
cblr-7157	312	16	corporation	corporation	NOUN
cblr-7157	312	17	.	.	PUNCT
cblr-7157	313	1	as	as	ADP
cblr-7157	313	2	an	an	DET
cblr-7157	313	3	example	example	NOUN
cblr-7157	313	4	,	,	PUNCT
cblr-7157	313	5	shareholders	shareholder	NOUN
cblr-7157	313	6	typically	typically	ADV
cblr-7157	313	7	lack	lack	VERB
cblr-7157	313	8	the	the	DET
cblr-7157	313	9	right	right	NOUN
cblr-7157	313	10	to	to	PART
cblr-7157	313	11	use	use	VERB
cblr-7157	313	12	corporate	corporate	ADJ
cblr-7157	313	13	property,73	property,73	NOUN
cblr-7157	313	14	at	at	ADP
cblr-7157	313	15	least	least	ADJ
cblr-7157	313	16	without	without	ADP
cblr-7157	313	17	authorization	authorization	NOUN
cblr-7157	313	18	.	.	PUNCT
cblr-7157	314	1	they	they	PRON
cblr-7157	314	2	generally	generally	ADV
cblr-7157	314	3	lack	lack	VERB
cblr-7157	314	4	the	the	DET
cblr-7157	314	5	right	right	NOUN
cblr-7157	314	6	qua	qua	NOUN
cblr-7157	314	7	shareholders	shareholder	NOUN
cblr-7157	314	8	to	to	PART
cblr-7157	314	9	manage	manage	VERB
cblr-7157	314	10	,	,	PUNCT
cblr-7157	314	11	at	at	ADP
cblr-7157	314	12	least	least	ADJ
cblr-7157	314	13	directly	directly	ADV
cblr-7157	314	14	,	,	PUNCT
cblr-7157	314	15	especially	especially	ADV
cblr-7157	314	16	when	when	SCONJ
cblr-7157	314	17	compared	compare	VERB
cblr-7157	314	18	to	to	ADP
cblr-7157	314	19	the	the	DET
cblr-7157	314	20	management	management	NOUN
cblr-7157	314	21	rights	right	NOUN
cblr-7157	314	22	of	of	ADP
cblr-7157	314	23	the	the	DET
cblr-7157	314	24	board	board	NOUN
cblr-7157	314	25	of	of	ADP
cblr-7157	314	26	directors.74	directors.74	PROPN
cblr-7157	314	27	thus	thus	ADV
cblr-7157	314	28	,	,	PUNCT
cblr-7157	314	29	some	some	DET
cblr-7157	314	30	important	important	ADJ
cblr-7157	314	31	rights	right	NOUN
cblr-7157	314	32	that	that	PRON
cblr-7157	314	33	inhere	inhere	VERB
cblr-7157	314	34	in	in	ADP
cblr-7157	314	35	property	property	NOUN
cblr-7157	314	36	are	be	AUX
cblr-7157	314	37	,	,	PUNCT
cblr-7157	314	38	at	at	ADP
cblr-7157	314	39	least	least	ADJ
cblr-7157	314	40	on	on	ADP
cblr-7157	314	41	the	the	DET
cblr-7157	314	42	surface	surface	NOUN
cblr-7157	314	43	,	,	PUNCT
cblr-7157	314	44	absent	absent	ADJ
cblr-7157	314	45	in	in	ADP
cblr-7157	314	46	shares	share	NOUN
cblr-7157	314	47	qua	qua	NOUN
cblr-7157	314	48	shares	share	NOUN
cblr-7157	314	49	.	.	PUNCT
cblr-7157	315	1	on	on	ADP
cblr-7157	315	2	the	the	DET
cblr-7157	315	3	other	other	ADJ
cblr-7157	315	4	hand	hand	NOUN
cblr-7157	315	5	,	,	PUNCT
cblr-7157	315	6	shareholders	shareholder	NOUN
cblr-7157	315	7	do	do	AUX
cblr-7157	315	8	have	have	VERB
cblr-7157	315	9	the	the	DET
cblr-7157	315	10	strongest	strong	ADJ
cblr-7157	315	11	claim	claim	NOUN
cblr-7157	315	12	of	of	ADP
cblr-7157	315	13	any	any	DET
cblr-7157	315	14	claimant	claimant	NOUN
cblr-7157	315	15	to	to	ADP
cblr-7157	315	16	the	the	DET
cblr-7157	315	17	right	right	NOUN
cblr-7157	315	18	to	to	ADP
cblr-7157	315	19	the	the	DET
cblr-7157	315	20	income	income	NOUN
cblr-7157	315	21	of	of	ADP
cblr-7157	315	22	the	the	DET
cblr-7157	315	23	firm	firm	NOUN
cblr-7157	315	24	,	,	PUNCT
cblr-7157	315	25	the	the	DET
cblr-7157	315	26	right	right	NOUN
cblr-7157	315	27	to	to	ADP
cblr-7157	315	28	capital	capital	NOUN
cblr-7157	315	29	,	,	PUNCT
cblr-7157	315	30	the	the	DET
cblr-7157	315	31	right	right	NOUN
cblr-7157	315	32	to	to	ADP
cblr-7157	315	33	security	security	NOUN
cblr-7157	315	34	,	,	PUNCT
cblr-7157	315	35	the	the	DET
cblr-7157	315	36	right	right	NOUN
cblr-7157	315	37	to	to	ADP
cblr-7157	315	38	transmissibility	transmissibility	NOUN
cblr-7157	315	39	,	,	PUNCT
cblr-7157	315	40	the	the	DET
cblr-7157	315	41	right	right	NOUN
cblr-7157	315	42	to	to	PART
cblr-7157	315	43	absence	absence	NOUN
cblr-7157	315	44	of	of	ADP
cblr-7157	315	45	term,75	term,75	NOUN
cblr-7157	315	46	and	and	CCONJ
cblr-7157	315	47	the	the	DET
cblr-7157	315	48	incident	incident	NOUN
cblr-7157	315	49	of	of	ADP
cblr-7157	315	50	residuarity	residuarity	NOUN
cblr-7157	315	51	.	.	PUNCT
cblr-7157	316	1	that	that	PRON
cblr-7157	316	2	is	be	AUX
cblr-7157	316	3	not	not	PART
cblr-7157	316	4	to	to	PART
cblr-7157	316	5	say	say	VERB
cblr-7157	316	6	that	that	SCONJ
cblr-7157	316	7	shareholders	shareholder	NOUN
cblr-7157	316	8	have	have	VERB
cblr-7157	316	9	each	each	PRON
cblr-7157	316	10	of	of	ADP
cblr-7157	316	11	these	these	DET
cblr-7157	316	12	rights	right	NOUN
cblr-7157	316	13	in	in	ADP
cblr-7157	316	14	the	the	DET
cblr-7157	316	15	plenary	plenary	ADJ
cblr-7157	316	16	form	form	NOUN
cblr-7157	316	17	that	that	PRON
cblr-7157	316	18	an	an	DET
cblr-7157	316	19	owner	owner	NOUN
cblr-7157	316	20	in	in	ADP
cblr-7157	316	21	fee	fee	NOUN
cblr-7157	316	22	simple	simple	ADJ
cblr-7157	316	23	does	do	VERB
cblr-7157	316	24	,	,	PUNCT
cblr-7157	316	25	but	but	CCONJ
cblr-7157	316	26	they	they	PRON
cblr-7157	316	27	do	do	AUX
cblr-7157	316	28	have	have	VERB
cblr-7157	316	29	these	these	DET
cblr-7157	316	30	rights	right	NOUN
cblr-7157	316	31	to	to	ADP
cblr-7157	316	32	a	a	DET
cblr-7157	316	33	greater	great	ADJ
cblr-7157	316	34	extent	extent	NOUN
cblr-7157	316	35	than	than	ADP
cblr-7157	316	36	any	any	DET
cblr-7157	316	37	other	other	ADJ
cblr-7157	316	38	corporate	corporate	ADJ
cblr-7157	316	39	constituency	constituency	NOUN
cblr-7157	316	40	.	.	PUNCT
cblr-7157	317	1	and	and	CCONJ
cblr-7157	317	2	that	that	PRON
cblr-7157	317	3	is	be	AUX
cblr-7157	317	4	exactly	exactly	ADV
cblr-7157	317	5	what	what	PRON
cblr-7157	317	6	ownership	ownership	NOUN
cblr-7157	317	7	is	be	AUX
cblr-7157	317	8	for	for	ADP
cblr-7157	317	9	honoré	honoré	NOUN
cblr-7157	317	10	:	:	PUNCT
cblr-7157	317	11	the	the	DET
cblr-7157	317	12	“	"	PUNCT
cblr-7157	317	13	greatest	great	ADJ
cblr-7157	317	14	possible	possible	ADJ
cblr-7157	317	15	interest	interest	NOUN
cblr-7157	317	16	”	"	PUNCT
cblr-7157	317	17	in	in	ADP
cblr-7157	317	18	terms	term	NOUN
cblr-7157	317	19	of	of	ADP
cblr-7157	317	20	the	the	DET
cblr-7157	317	21	incidents	incident	NOUN
cblr-7157	317	22	he	he	PRON
cblr-7157	317	23	identified.76	identified.76	PROPN
cblr-7157	317	24	there	there	PRON
cblr-7157	317	25	are	be	VERB
cblr-7157	317	26	only	only	ADV
cblr-7157	317	27	three	three	NUM
cblr-7157	317	28	rights	right	NOUN
cblr-7157	317	29	to	to	PART
cblr-7157	317	30	which	which	PRON
cblr-7157	317	31	shareholders	shareholder	NOUN
cblr-7157	317	32	do	do	AUX
cblr-7157	317	33	not	not	PART
cblr-7157	317	34	clearly	clearly	ADV
cblr-7157	317	35	have	have	VERB
cblr-7157	317	36	the	the	DET
cblr-7157	317	37	strongest	strong	ADJ
cblr-7157	317	38	claim,77	claim,77	NOUN
cblr-7157	317	39	at	at	ADP
cblr-7157	317	40	least	least	ADJ
cblr-7157	317	41	in	in	ADP
cblr-7157	317	42	terms	term	NOUN
cblr-7157	317	43	of	of	ADP
cblr-7157	317	44	their	their	PRON
cblr-7157	317	45	73	73	NUM
cblr-7157	317	46	see	see	NOUN
cblr-7157	317	47	,	,	PUNCT
cblr-7157	317	48	e.g.	e.g.	ADV
cblr-7157	317	49	,	,	PUNCT
cblr-7157	317	50	daniel	daniel	PROPN
cblr-7157	317	51	j.h	j.h	PROPN
cblr-7157	317	52	.	.	PROPN
cblr-7157	317	53	greenwood	greenwood	PROPN
cblr-7157	317	54	,	,	PUNCT
cblr-7157	317	55	person	person	NOUN
cblr-7157	317	56	,	,	PUNCT
cblr-7157	317	57	state	state	NOUN
cblr-7157	317	58	,	,	PUNCT
cblr-7157	317	59	or	or	CCONJ
cblr-7157	317	60	not	not	PART
cblr-7157	317	61	:	:	PUNCT
cblr-7157	317	62	the	the	DET
cblr-7157	317	63	place	place	NOUN
cblr-7157	317	64	of	of	ADP
cblr-7157	317	65	business	business	NOUN
cblr-7157	317	66	corporations	corporation	NOUN
cblr-7157	317	67	in	in	ADP
cblr-7157	317	68	our	our	PRON
cblr-7157	317	69	constitutional	constitutional	ADJ
cblr-7157	317	70	order	order	NOUN
cblr-7157	317	71	,	,	PUNCT
cblr-7157	317	72	87	87	NUM
cblr-7157	317	73	u.	u.	PROPN
cblr-7157	317	74	colo	colo	PROPN
cblr-7157	317	75	.	.	PUNCT
cblr-7157	318	1	l.	l.	PROPN
cblr-7157	318	2	rev	rev	VERB
cblr-7157	318	3	351	351	NUM
cblr-7157	318	4	,	,	PUNCT
cblr-7157	318	5	383	383	NUM
cblr-7157	318	6	(	(	PUNCT
cblr-7157	318	7	2016	2016	NUM
cblr-7157	318	8	)	)	PUNCT
cblr-7157	318	9	.	.	PUNCT
cblr-7157	319	1	74	74	NUM
cblr-7157	319	2	an	an	DET
cblr-7157	319	3	argument	argument	NOUN
cblr-7157	319	4	could	could	AUX
cblr-7157	319	5	be	be	AUX
cblr-7157	319	6	made	make	VERB
cblr-7157	319	7	that	that	SCONJ
cblr-7157	319	8	the	the	DET
cblr-7157	319	9	directors	director	NOUN
cblr-7157	319	10	own	own	VERB
cblr-7157	319	11	the	the	DET
cblr-7157	319	12	corporation	corporation	NOUN
cblr-7157	319	13	.	.	PUNCT
cblr-7157	320	1	see	see	PROPN
cblr-7157	320	2	velasco	velasco	PROPN
cblr-7157	320	3	,	,	PUNCT
cblr-7157	320	4	supra	supra	PROPN
cblr-7157	320	5	note	note	PROPN
cblr-7157	320	6	8	8	NUM
cblr-7157	320	7	,	,	PUNCT
cblr-7157	320	8	at	at	ADP
cblr-7157	320	9	911	911	NUM
cblr-7157	320	10	n.69	n.69	NOUN
cblr-7157	320	11	(	(	PUNCT
cblr-7157	320	12	2010	2010	NUM
cblr-7157	320	13	)	)	PUNCT
cblr-7157	320	14	.	.	PUNCT
cblr-7157	321	1	this	this	DET
cblr-7157	321	2	view	view	NOUN
cblr-7157	321	3	has	have	AUX
cblr-7157	321	4	been	be	AUX
cblr-7157	321	5	dismissed	dismiss	VERB
cblr-7157	321	6	by	by	ADP
cblr-7157	321	7	saying	say	VERB
cblr-7157	321	8	that	that	SCONJ
cblr-7157	321	9	directors	director	NOUN
cblr-7157	321	10	ca	can	AUX
cblr-7157	321	11	n’t	not	PART
cblr-7157	321	12	act	act	VERB
cblr-7157	321	13	as	as	ADP
cblr-7157	321	14	owners	owner	NOUN
cblr-7157	321	15	because	because	SCONJ
cblr-7157	321	16	they	they	PRON
cblr-7157	321	17	ca	can	AUX
cblr-7157	321	18	n’t	not	PART
cblr-7157	321	19	“	"	PUNCT
cblr-7157	321	20	take	take	VERB
cblr-7157	321	21	[	[	X
cblr-7157	321	22	corporate	corporate	ADJ
cblr-7157	321	23	assets	asset	NOUN
cblr-7157	321	24	]	]	PUNCT
cblr-7157	321	25	for	for	ADP
cblr-7157	321	26	personal	personal	ADJ
cblr-7157	321	27	use	use	NOUN
cblr-7157	321	28	or	or	CCONJ
cblr-7157	321	29	consumption	consumption	NOUN
cblr-7157	321	30	.	.	PUNCT
cblr-7157	321	31	”	"	PUNCT
cblr-7157	322	1	i	i	PRON
cblr-7157	322	2	d.	d.	PROPN
cblr-7157	323	1	but	but	CCONJ
cblr-7157	323	2	this	this	PRON
cblr-7157	323	3	falls	fall	VERB
cblr-7157	323	4	into	into	ADP
cblr-7157	323	5	the	the	DET
cblr-7157	323	6	same	same	ADJ
cblr-7157	323	7	trap	trap	NOUN
cblr-7157	323	8	as	as	ADP
cblr-7157	323	9	those	those	PRON
cblr-7157	323	10	who	who	PRON
cblr-7157	323	11	argue	argue	VERB
cblr-7157	323	12	that	that	SCONJ
cblr-7157	323	13	shareholders	shareholder	NOUN
cblr-7157	323	14	do	do	AUX
cblr-7157	323	15	n’t	not	PART
cblr-7157	323	16	own	own	VERB
cblr-7157	323	17	the	the	DET
cblr-7157	323	18	corporation	corporation	NOUN
cblr-7157	323	19	.	.	PUNCT
cblr-7157	324	1	velasco	velasco	PROPN
cblr-7157	324	2	does	do	AUX
cblr-7157	324	3	then	then	ADV
cblr-7157	324	4	note	note	VERB
cblr-7157	324	5	that	that	SCONJ
cblr-7157	324	6	although	although	SCONJ
cblr-7157	324	7	directors	director	NOUN
cblr-7157	324	8	may	may	AUX
cblr-7157	324	9	use	use	VERB
cblr-7157	324	10	corporate	corporate	ADJ
cblr-7157	324	11	assets	asset	NOUN
cblr-7157	324	12	only	only	ADV
cblr-7157	324	13	in	in	ADP
cblr-7157	324	14	“	"	PUNCT
cblr-7157	324	15	the	the	DET
cblr-7157	324	16	performance	performance	NOUN
cblr-7157	324	17	of	of	ADP
cblr-7157	324	18	their	their	PRON
cblr-7157	324	19	duty	duty	NOUN
cblr-7157	324	20	,	,	PUNCT
cblr-7157	324	21	”	"	PUNCT
cblr-7157	324	22	this	this	PRON
cblr-7157	324	23	undercuts	undercut	VERB
cblr-7157	324	24	their	their	PRON
cblr-7157	324	25	right	right	NOUN
cblr-7157	324	26	to	to	PART
cblr-7157	324	27	use	use	VERB
cblr-7157	324	28	the	the	DET
cblr-7157	324	29	assets	asset	NOUN
cblr-7157	324	30	,	,	PUNCT
cblr-7157	324	31	not	not	PART
cblr-7157	324	32	the	the	DET
cblr-7157	324	33	relation	relation	NOUN
cblr-7157	324	34	of	of	ADP
cblr-7157	324	35	the	the	DET
cblr-7157	324	36	right	right	NOUN
cblr-7157	324	37	to	to	PART
cblr-7157	324	38	use	use	VERB
cblr-7157	324	39	to	to	PART
cblr-7157	324	40	ownership	ownership	NOUN
cblr-7157	324	41	.	.	PUNCT
cblr-7157	325	1	see	see	VERB
cblr-7157	325	2	i	i	PRON
cblr-7157	325	3	d.	d.	PROPN
cblr-7157	325	4	75	75	NUM
cblr-7157	325	5	other	other	ADJ
cblr-7157	325	6	contracts	contract	NOUN
cblr-7157	325	7	that	that	PRON
cblr-7157	325	8	parties	party	NOUN
cblr-7157	325	9	have	have	VERB
cblr-7157	325	10	with	with	ADP
cblr-7157	325	11	a	a	DET
cblr-7157	325	12	corporation	corporation	NOUN
cblr-7157	325	13	have	have	VERB
cblr-7157	325	14	a	a	DET
cblr-7157	325	15	term	term	NOUN
cblr-7157	325	16	after	after	ADP
cblr-7157	325	17	which	which	PRON
cblr-7157	325	18	they	they	PRON
cblr-7157	325	19	terminate	terminate	VERB
cblr-7157	325	20	.	.	PUNCT
cblr-7157	326	1	this	this	PRON
cblr-7157	326	2	is	be	AUX
cblr-7157	326	3	even	even	ADV
cblr-7157	326	4	true	true	ADJ
cblr-7157	326	5	of	of	ADP
cblr-7157	326	6	directors	director	NOUN
cblr-7157	326	7	,	,	PUNCT
cblr-7157	326	8	who	who	PRON
cblr-7157	326	9	have	have	VERB
cblr-7157	326	10	annual	annual	ADJ
cblr-7157	326	11	terms	term	NOUN
cblr-7157	326	12	or	or	CCONJ
cblr-7157	326	13	multi	multi	ADJ
cblr-7157	326	14	-	-	ADJ
cblr-7157	326	15	year	year	NOUN
cblr-7157	326	16	terms	term	NOUN
cblr-7157	326	17	in	in	ADP
cblr-7157	326	18	the	the	DET
cblr-7157	326	19	case	case	NOUN
cblr-7157	326	20	of	of	ADP
cblr-7157	326	21	classified	classified	ADJ
cblr-7157	326	22	boards	board	NOUN
cblr-7157	326	23	.	.	PUNCT
cblr-7157	327	1	see	see	VERB
cblr-7157	327	2	del	del	PROPN
cblr-7157	327	3	.	.	PROPN
cblr-7157	327	4	code	code	PROPN
cblr-7157	327	5	ann	ann	PROPN
cblr-7157	327	6	.	.	PUNCT
cblr-7157	328	1	tit	tit	PROPN
cblr-7157	328	2	.	.	PROPN
cblr-7157	329	1	8	8	NUM
cblr-7157	329	2	,	,	PUNCT
cblr-7157	329	3	§	§	PROPN
cblr-7157	329	4	141(d	141(d	NUM
cblr-7157	329	5	)	)	PUNCT
cblr-7157	329	6	(	(	PUNCT
cblr-7157	329	7	2019	2019	NUM
cblr-7157	329	8	)	)	PUNCT
cblr-7157	329	9	.	.	PUNCT
cblr-7157	330	1	76	76	NUM
cblr-7157	330	2	honoré	honoré	NOUN
cblr-7157	330	3	,	,	PUNCT
cblr-7157	330	4	supra	supra	PROPN
cblr-7157	330	5	note	note	NOUN
cblr-7157	330	6	69	69	NUM
cblr-7157	330	7	,	,	PUNCT
cblr-7157	330	8	at	at	ADP
cblr-7157	330	9	108	108	NUM
cblr-7157	330	10	.	.	PUNCT
cblr-7157	330	11	77	77	NUM
cblr-7157	331	1	it	it	PRON
cblr-7157	331	2	is	be	AUX
cblr-7157	331	3	not	not	PART
cblr-7157	331	4	entirely	entirely	ADV
cblr-7157	331	5	clear	clear	ADJ
cblr-7157	331	6	that	that	SCONJ
cblr-7157	331	7	shareholders	shareholder	NOUN
cblr-7157	331	8	have	have	VERB
cblr-7157	331	9	the	the	DET
cblr-7157	331	10	liability	liability	NOUN
cblr-7157	331	11	to	to	ADP
cblr-7157	331	12	execution	execution	NOUN
cblr-7157	331	13	,	,	PUNCT
cblr-7157	331	14	at	at	ADV
cblr-7157	331	15	least	least	ADJ
cblr-7157	331	16	as	as	ADP
cblr-7157	331	17	to	to	ADP
cblr-7157	331	18	the	the	DET
cblr-7157	331	19	assets	asset	NOUN
cblr-7157	331	20	held	hold	VERB
cblr-7157	331	21	by	by	ADP
cblr-7157	331	22	the	the	DET
cblr-7157	331	23	corporation	corporation	NOUN
cblr-7157	331	24	.	.	PUNCT
cblr-7157	332	1	see	see	VERB
cblr-7157	332	2	infra	infra	NOUN
cblr-7157	332	3	section	section	NOUN
cblr-7157	332	4	iii.c.1	iii.c.1	PROPN
cblr-7157	332	5	.	.	PUNCT
cblr-7157	333	1	however	however	ADV
cblr-7157	333	2	,	,	PUNCT
cblr-7157	333	3	as	as	SCONJ
cblr-7157	333	4	is	be	AUX
cblr-7157	333	5	clear	clear	ADJ
cblr-7157	333	6	from	from	ADP
cblr-7157	333	7	its	its	PRON
cblr-7157	333	8	name	name	NOUN
cblr-7157	333	9	,	,	PUNCT
cblr-7157	333	10	this	this	DET
cblr-7157	333	11	incident	incident	NOUN
cblr-7157	333	12	is	be	AUX
cblr-7157	333	13	not	not	PART
cblr-7157	333	14	a	a	DET
cblr-7157	333	15	“	"	PUNCT
cblr-7157	333	16	right	right	NOUN
cblr-7157	333	17	”	"	PUNCT
cblr-7157	333	18	,	,	PUNCT
cblr-7157	333	19	but	but	CCONJ
cblr-7157	333	20	rather	rather	ADV
cblr-7157	333	21	a	a	DET
cblr-7157	333	22	liability	liability	NOUN
cblr-7157	333	23	.	.	PUNCT
cblr-7157	334	1	furthermore	furthermore	ADV
cblr-7157	334	2	,	,	PUNCT
cblr-7157	334	3	the	the	DET
cblr-7157	334	4	reason	reason	NOUN
cblr-7157	334	5	shareholders	shareholder	NOUN
cblr-7157	334	6	do	do	AUX
cblr-7157	334	7	n’t	not	PART
cblr-7157	334	8	have	have	VERB
cblr-7157	334	9	this	this	DET
cblr-7157	334	10	liability	liability	NOUN
cblr-7157	334	11	is	be	AUX
cblr-7157	334	12	because	because	SCONJ
cblr-7157	334	13	of	of	ADP
cblr-7157	334	14	a	a	DET
cblr-7157	334	15	property	property	NOUN
cblr-7157	334	16	-	-	PUNCT
cblr-7157	334	17	like	like	ADJ
cblr-7157	334	18	right	right	ADV
cblr-7157	334	19	often	often	ADV
cblr-7157	334	20	called	call	VERB
cblr-7157	334	21	“	"	PUNCT
cblr-7157	334	22	affirmative	affirmative	ADJ
cblr-7157	334	23	asset	asset	NOUN
cblr-7157	334	24	partitioning	partitioning	NOUN
cblr-7157	334	25	”	"	PUNCT
cblr-7157	334	26	discussed	discuss	VERB
cblr-7157	334	27	in	in	ADP
cblr-7157	334	28	section	section	NOUN
cblr-7157	334	29	iii.c	iii.c	NOUN
cblr-7157	334	30	,	,	PUNCT
cblr-7157	334	31	infra	infra	NOUN
cblr-7157	334	32	.	.	PUNCT
cblr-7157	335	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	335	2	(	(	PUNCT
cblr-7157	335	3	do	do	AUX
cblr-7157	335	4	not	not	PART
cblr-7157	335	5	delete	delete	VERB
cblr-7157	335	6	)	)	PUNCT
cblr-7157	335	7	10/2/2020	10/2/2020	NUM
cblr-7157	335	8	11:44	11:44	NUM
cblr-7157	335	9	am	be	AUX
cblr-7157	335	10	no	no	NOUN
cblr-7157	335	11	.	.	PUNCT
cblr-7157	335	12	1:1	1:1	NUM
cblr-7157	335	13	]	]	X
cblr-7157	335	14	a	a	DET
cblr-7157	335	15	property	property	NOUN
cblr-7157	335	16	theory	theory	NOUN
cblr-7157	335	17	25	25	NUM
cblr-7157	335	18	direct	direct	ADJ
cblr-7157	335	19	rights	right	NOUN
cblr-7157	335	20	.	.	PUNCT
cblr-7157	336	1	shareholders	shareholder	NOUN
cblr-7157	336	2	’	'	PUNCT
cblr-7157	336	3	right	right	NOUN
cblr-7157	336	4	to	to	PART
cblr-7157	336	5	use	use	VERB
cblr-7157	336	6	,	,	PUNCT
cblr-7157	336	7	right	right	ADJ
cblr-7157	336	8	to	to	PART
cblr-7157	336	9	possess	possess	VERB
cblr-7157	336	10	,	,	PUNCT
cblr-7157	336	11	and	and	CCONJ
cblr-7157	336	12	right	right	ADJ
cblr-7157	336	13	to	to	PART
cblr-7157	336	14	manage	manage	VERB
cblr-7157	336	15	all	all	PRON
cblr-7157	336	16	are	be	AUX
cblr-7157	336	17	limited	limited	ADJ
cblr-7157	336	18	.	.	PUNCT
cblr-7157	337	1	however	however	ADV
cblr-7157	337	2	,	,	PUNCT
cblr-7157	337	3	honoré	honoré	PROPN
cblr-7157	337	4	’s	’s	PART
cblr-7157	337	5	incidents	incident	NOUN
cblr-7157	337	6	are	be	AUX
cblr-7157	337	7	not	not	PART
cblr-7157	337	8	all	all	PRON
cblr-7157	337	9	individually	individually	ADV
cblr-7157	337	10	necessary	necessary	ADJ
cblr-7157	337	11	to	to	PART
cblr-7157	337	12	find	find	VERB
cblr-7157	337	13	ownership.78	ownership.78	NOUN
cblr-7157	337	14	as	as	ADP
cblr-7157	337	15	to	to	ADP
cblr-7157	337	16	the	the	DET
cblr-7157	337	17	right	right	NOUN
cblr-7157	337	18	to	to	PART
cblr-7157	337	19	use	use	VERB
cblr-7157	337	20	,	,	PUNCT
cblr-7157	337	21	it	it	PRON
cblr-7157	337	22	is	be	AUX
cblr-7157	337	23	easily	easily	ADV
cblr-7157	337	24	seen	see	VERB
cblr-7157	337	25	that	that	SCONJ
cblr-7157	337	26	the	the	DET
cblr-7157	337	27	present	present	ADJ
cblr-7157	337	28	right	right	NOUN
cblr-7157	337	29	to	to	PART
cblr-7157	337	30	use	use	VERB
cblr-7157	337	31	an	an	DET
cblr-7157	337	32	asset	asset	NOUN
cblr-7157	337	33	in	in	ADP
cblr-7157	337	34	the	the	DET
cblr-7157	337	35	personal	personal	ADJ
cblr-7157	337	36	consumption	consumption	NOUN
cblr-7157	337	37	sense	sense	NOUN
cblr-7157	337	38	is	be	AUX
cblr-7157	337	39	not	not	PART
cblr-7157	337	40	essential	essential	ADJ
cblr-7157	337	41	to	to	ADP
cblr-7157	337	42	ownership	ownership	NOUN
cblr-7157	337	43	.	.	PUNCT
cblr-7157	338	1	just	just	ADV
cblr-7157	338	2	consider	consider	VERB
cblr-7157	338	3	a	a	DET
cblr-7157	338	4	landlord	landlord	NOUN
cblr-7157	338	5	who	who	PRON
cblr-7157	338	6	leases	lease	VERB
cblr-7157	338	7	her	her	PRON
cblr-7157	338	8	property	property	NOUN
cblr-7157	338	9	.	.	PUNCT
cblr-7157	339	1	such	such	DET
cblr-7157	339	2	a	a	DET
cblr-7157	339	3	landlord	landlord	NOUN
cblr-7157	339	4	would	would	AUX
cblr-7157	339	5	have	have	VERB
cblr-7157	339	6	no	no	DET
cblr-7157	339	7	present	present	ADJ
cblr-7157	339	8	right	right	NOUN
cblr-7157	339	9	to	to	PART
cblr-7157	339	10	use	use	VERB
cblr-7157	339	11	the	the	DET
cblr-7157	339	12	property	property	NOUN
cblr-7157	339	13	during	during	ADP
cblr-7157	339	14	the	the	DET
cblr-7157	339	15	term	term	NOUN
cblr-7157	339	16	of	of	ADP
cblr-7157	339	17	the	the	DET
cblr-7157	339	18	lease	lease	NOUN
cblr-7157	339	19	,	,	PUNCT
cblr-7157	339	20	but	but	CCONJ
cblr-7157	339	21	she	she	PRON
cblr-7157	339	22	would	would	AUX
cblr-7157	339	23	still	still	ADV
cblr-7157	339	24	retain	retain	VERB
cblr-7157	339	25	a	a	DET
cblr-7157	339	26	strong	strong	ADJ
cblr-7157	339	27	claim	claim	NOUN
cblr-7157	339	28	of	of	ADP
cblr-7157	339	29	ownership	ownership	NOUN
cblr-7157	339	30	.	.	PUNCT
cblr-7157	340	1	similarly	similarly	ADV
cblr-7157	340	2	,	,	PUNCT
cblr-7157	340	3	many	many	ADJ
cblr-7157	340	4	types	type	NOUN
cblr-7157	340	5	of	of	ADP
cblr-7157	340	6	assets	asset	NOUN
cblr-7157	340	7	have	have	VERB
cblr-7157	340	8	multiple	multiple	ADJ
cblr-7157	340	9	owners	owner	NOUN
cblr-7157	340	10	in	in	ADP
cblr-7157	340	11	which	which	PRON
cblr-7157	340	12	control	control	NOUN
cblr-7157	340	13	is	be	AUX
cblr-7157	340	14	structured	structure	VERB
cblr-7157	340	15	vertically	vertically	ADV
cblr-7157	340	16	and	and	CCONJ
cblr-7157	340	17	centralized	centralized	ADJ
cblr-7157	340	18	in	in	ADP
cblr-7157	340	19	managers.79	managers.79	NOUN
cblr-7157	340	20	common	common	ADJ
cblr-7157	340	21	interest	interest	NOUN
cblr-7157	340	22	communities	community	NOUN
cblr-7157	340	23	such	such	ADJ
cblr-7157	340	24	as	as	ADP
cblr-7157	340	25	homeowners	homeowner	NOUN
cblr-7157	340	26	’	'	PUNCT
cblr-7157	340	27	associations	association	NOUN
cblr-7157	340	28	,	,	PUNCT
cblr-7157	340	29	condominiums	condominium	NOUN
cblr-7157	340	30	,	,	PUNCT
cblr-7157	340	31	and	and	CCONJ
cblr-7157	340	32	cooperatives	cooperative	NOUN
cblr-7157	340	33	involve	involve	VERB
cblr-7157	340	34	ownership	ownership	NOUN
cblr-7157	340	35	even	even	ADV
cblr-7157	340	36	though	though	SCONJ
cblr-7157	340	37	unlimited	unlimited	ADJ
cblr-7157	340	38	use	use	NOUN
cblr-7157	340	39	is	be	AUX
cblr-7157	340	40	not	not	PART
cblr-7157	340	41	available	available	ADJ
cblr-7157	340	42	to	to	ADP
cblr-7157	340	43	each	each	DET
cblr-7157	340	44	owner.80	owner.80	NOUN
cblr-7157	340	45	moreover	moreover	ADV
cblr-7157	340	46	,	,	PUNCT
cblr-7157	340	47	as	as	SCONJ
cblr-7157	340	48	developed	develop	VERB
cblr-7157	340	49	more	more	ADV
cblr-7157	340	50	fully	fully	ADV
cblr-7157	340	51	below	below	ADV
cblr-7157	340	52	,	,	PUNCT
cblr-7157	340	53	the	the	DET
cblr-7157	340	54	argument	argument	NOUN
cblr-7157	340	55	for	for	ADP
cblr-7157	340	56	“	"	PUNCT
cblr-7157	340	57	use	use	NOUN
cblr-7157	340	58	”	"	PUNCT
cblr-7157	340	59	overlooks	overlook	VERB
cblr-7157	340	60	the	the	DET
cblr-7157	340	61	fact	fact	NOUN
cblr-7157	340	62	that	that	SCONJ
cblr-7157	340	63	usage	usage	NOUN
cblr-7157	340	64	restrictions	restriction	NOUN
cblr-7157	340	65	exist	exist	VERB
cblr-7157	340	66	for	for	ADP
cblr-7157	340	67	the	the	DET
cblr-7157	340	68	benefit	benefit	NOUN
cblr-7157	340	69	of	of	ADP
cblr-7157	340	70	other	other	ADJ
cblr-7157	340	71	owners	owner	NOUN
cblr-7157	340	72	who	who	PRON
cblr-7157	340	73	do	do	AUX
cblr-7157	340	74	not	not	PART
cblr-7157	340	75	want	want	VERB
cblr-7157	340	76	shareholders	shareholder	NOUN
cblr-7157	340	77	to	to	PART
cblr-7157	340	78	use	use	VERB
cblr-7157	340	79	the	the	DET
cblr-7157	340	80	property	property	NOUN
cblr-7157	340	81	in	in	ADP
cblr-7157	340	82	certain	certain	ADJ
cblr-7157	340	83	ways	way	NOUN
cblr-7157	340	84	.	.	PUNCT
cblr-7157	341	1	more	more	ADV
cblr-7157	341	2	importantly	importantly	ADV
cblr-7157	341	3	,	,	PUNCT
cblr-7157	341	4	shareholders	shareholder	NOUN
cblr-7157	341	5	as	as	ADP
cblr-7157	341	6	a	a	DET
cblr-7157	341	7	whole	whole	NOUN
cblr-7157	341	8	do	do	AUX
cblr-7157	341	9	have	have	VERB
cblr-7157	341	10	all	all	PRON
cblr-7157	341	11	of	of	ADP
cblr-7157	341	12	these	these	DET
cblr-7157	341	13	rights	right	NOUN
cblr-7157	341	14	,	,	PUNCT
cblr-7157	341	15	at	at	ADP
cblr-7157	341	16	least	least	ADJ
cblr-7157	341	17	indirectly	indirectly	ADV
cblr-7157	341	18	.	.	PUNCT
cblr-7157	342	1	in	in	ADP
cblr-7157	342	2	the	the	DET
cblr-7157	342	3	most	most	ADV
cblr-7157	342	4	important	important	ADJ
cblr-7157	342	5	corporate	corporate	ADJ
cblr-7157	342	6	law	law	NOUN
cblr-7157	342	7	jurisdictions	jurisdiction	NOUN
cblr-7157	342	8	,	,	PUNCT
cblr-7157	342	9	shareholders	shareholder	NOUN
cblr-7157	342	10	can	can	AUX
cblr-7157	342	11	dissolve	dissolve	VERB
cblr-7157	342	12	the	the	DET
cblr-7157	342	13	corporation	corporation	NOUN
cblr-7157	342	14	without	without	ADP
cblr-7157	342	15	the	the	DET
cblr-7157	342	16	concurrence	concurrence	NOUN
cblr-7157	342	17	of	of	ADP
cblr-7157	342	18	the	the	DET
cblr-7157	342	19	board	board	NOUN
cblr-7157	342	20	of	of	ADP
cblr-7157	342	21	directors	director	NOUN
cblr-7157	342	22	.	.	PUNCT
cblr-7157	343	1	specifically	specifically	ADV
cblr-7157	343	2	,	,	PUNCT
cblr-7157	343	3	in	in	ADP
cblr-7157	343	4	california	california	PROPN
cblr-7157	343	5	and	and	CCONJ
cblr-7157	343	6	new	new	PROPN
cblr-7157	343	7	york	york	PROPN
cblr-7157	343	8	a	a	DET
cblr-7157	343	9	majority	majority	NOUN
cblr-7157	343	10	of	of	ADP
cblr-7157	343	11	the	the	DET
cblr-7157	343	12	shareholders	shareholder	NOUN
cblr-7157	343	13	can	can	AUX
cblr-7157	343	14	dissolve	dissolve	VERB
cblr-7157	343	15	the	the	DET
cblr-7157	343	16	corporation	corporation	NOUN
cblr-7157	343	17	without	without	ADP
cblr-7157	343	18	the	the	DET
cblr-7157	343	19	board	board	NOUN
cblr-7157	343	20	’s	’s	PART
cblr-7157	343	21	consent.81	consent.81	PROPN
cblr-7157	343	22	even	even	ADV
cblr-7157	343	23	delaware	delaware	PROPN
cblr-7157	343	24	allows	allow	VERB
cblr-7157	343	25	dissolution	dissolution	NOUN
cblr-7157	343	26	without	without	ADP
cblr-7157	343	27	the	the	DET
cblr-7157	343	28	board	board	NOUN
cblr-7157	343	29	,	,	PUNCT
cblr-7157	343	30	though	though	SCONJ
cblr-7157	343	31	it	it	PRON
cblr-7157	343	32	requires	require	VERB
cblr-7157	343	33	a	a	DET
cblr-7157	343	34	unanimous	unanimous	ADJ
cblr-7157	343	35	shareholder	shareholder	NOUN
cblr-7157	343	36	vote.82	vote.82	NOUN
cblr-7157	343	37	78	78	NUM
cblr-7157	343	38	see	see	NOUN
cblr-7157	343	39	honoré	honoré	NOUN
cblr-7157	343	40	,	,	PUNCT
cblr-7157	343	41	supra	supra	PROPN
cblr-7157	343	42	note	note	NOUN
cblr-7157	343	43	69	69	NUM
cblr-7157	343	44	,	,	PUNCT
cblr-7157	343	45	at	at	ADP
cblr-7157	343	46	112–13	112–13	NUM
cblr-7157	343	47	(	(	PUNCT
cblr-7157	343	48	“	"	PUNCT
cblr-7157	343	49	[	[	X
cblr-7157	343	50	t]he	t]he	ADV
cblr-7157	343	51	listed	list	VERB
cblr-7157	343	52	incidents	incident	NOUN
cblr-7157	343	53	are	be	AUX
cblr-7157	343	54	not	not	PART
cblr-7157	343	55	individually	individually	ADV
cblr-7157	343	56	necessary	necessary	ADJ
cblr-7157	343	57	.	.	PUNCT
cblr-7157	343	58	.	.	PUNCT
cblr-7157	344	1	.	.	PUNCT
cblr-7157	345	1	conditions	condition	NOUN
cblr-7157	345	2	for	for	ADP
cblr-7157	345	3	the	the	DET
cblr-7157	345	4	person	person	NOUN
cblr-7157	345	5	of	of	ADP
cblr-7157	345	6	inherence	inherence	NOUN
cblr-7157	345	7	to	to	PART
cblr-7157	345	8	be	be	AUX
cblr-7157	345	9	designated	designate	VERB
cblr-7157	345	10	‘	'	PUNCT
cblr-7157	345	11	owner	owner	NOUN
cblr-7157	345	12	’	'	PUNCT
cblr-7157	345	13	of	of	ADP
cblr-7157	345	14	a	a	DET
cblr-7157	345	15	particular	particular	ADJ
cblr-7157	345	16	thing	thing	NOUN
cblr-7157	345	17	in	in	ADP
cblr-7157	345	18	a	a	DET
cblr-7157	345	19	given	give	VERB
cblr-7157	345	20	system	system	NOUN
cblr-7157	345	21	.	.	PUNCT
cblr-7157	346	1	as	as	SCONJ
cblr-7157	346	2	we	we	PRON
cblr-7157	346	3	have	have	AUX
cblr-7157	346	4	seen	see	VERB
cblr-7157	346	5	,	,	PUNCT
cblr-7157	346	6	the	the	DET
cblr-7157	346	7	use	use	NOUN
cblr-7157	346	8	of	of	ADP
cblr-7157	346	9	‘	'	PUNCT
cblr-7157	346	10	owner	owner	NOUN
cblr-7157	346	11	’	'	PUNCT
cblr-7157	346	12	will	will	AUX
cblr-7157	346	13	extend	extend	VERB
cblr-7157	346	14	to	to	ADP
cblr-7157	346	15	cases	case	NOUN
cblr-7157	346	16	in	in	ADP
cblr-7157	346	17	which	which	PRON
cblr-7157	346	18	not	not	PART
cblr-7157	346	19	all	all	DET
cblr-7157	346	20	the	the	DET
cblr-7157	346	21	listed	list	VERB
cblr-7157	346	22	incidents	incident	NOUN
cblr-7157	346	23	are	be	AUX
cblr-7157	346	24	present	present	ADJ
cblr-7157	346	25	.	.	PUNCT
cblr-7157	346	26	”	"	PUNCT
cblr-7157	346	27	)	)	PUNCT
cblr-7157	346	28	.	.	PUNCT
cblr-7157	347	1	79	79	NUM
cblr-7157	348	1	this	this	PRON
cblr-7157	348	2	is	be	AUX
cblr-7157	348	3	often	often	ADV
cblr-7157	348	4	a	a	DET
cblr-7157	348	5	characteristic	characteristic	NOUN
cblr-7157	348	6	of	of	ADP
cblr-7157	348	7	multiple	multiple	ADJ
cblr-7157	348	8	-	-	PUNCT
cblr-7157	348	9	owner	owner	NOUN
cblr-7157	348	10	property	property	NOUN
cblr-7157	348	11	,	,	PUNCT
cblr-7157	348	12	which	which	PRON
cblr-7157	348	13	has	have	AUX
cblr-7157	348	14	been	be	AUX
cblr-7157	348	15	called	call	VERB
cblr-7157	348	16	“	"	PUNCT
cblr-7157	348	17	governance	governance	NOUN
cblr-7157	348	18	property	property	NOUN
cblr-7157	348	19	.	.	PUNCT
cblr-7157	348	20	”	"	PUNCT
cblr-7157	349	1	see	see	VERB
cblr-7157	349	2	gregory	gregory	PROPN
cblr-7157	349	3	s.	s.	PROPN
cblr-7157	349	4	alexander	alexander	PROPN
cblr-7157	349	5	,	,	PUNCT
cblr-7157	349	6	governance	governance	NOUN
cblr-7157	349	7	property	property	NOUN
cblr-7157	349	8	,	,	PUNCT
cblr-7157	349	9	160	160	NUM
cblr-7157	349	10	u.	u.	NOUN
cblr-7157	349	11	pa	pa	PROPN
cblr-7157	349	12	.	.	PUNCT
cblr-7157	349	13	l.	l.	PROPN
cblr-7157	349	14	rev	rev	PROPN
cblr-7157	349	15	.	.	PROPN
cblr-7157	349	16	1853	1853	NUM
cblr-7157	349	17	,	,	PUNCT
cblr-7157	349	18	1856	1856	NUM
cblr-7157	349	19	,	,	PUNCT
cblr-7157	349	20	1866–73	1866–73	NUM
cblr-7157	349	21	(	(	PUNCT
cblr-7157	349	22	2012	2012	NUM
cblr-7157	349	23	)	)	PUNCT
cblr-7157	349	24	.	.	PUNCT
cblr-7157	350	1	80	80	NUM
cblr-7157	350	2	for	for	ADP
cblr-7157	350	3	this	this	DET
cblr-7157	350	4	comparison	comparison	NOUN
cblr-7157	350	5	,	,	PUNCT
cblr-7157	350	6	see	see	VERB
cblr-7157	350	7	jane	jane	PROPN
cblr-7157	350	8	b.	b.	PROPN
cblr-7157	350	9	baron	baron	PROPN
cblr-7157	350	10	,	,	PUNCT
cblr-7157	350	11	rescuing	rescue	VERB
cblr-7157	350	12	the	the	DET
cblr-7157	350	13	bundle	bundle	NOUN
cblr-7157	350	14	-	-	PUNCT
cblr-7157	350	15	ofrights	ofright	NOUN
cblr-7157	350	16	metaphor	metaphor	NOUN
cblr-7157	350	17	in	in	ADP
cblr-7157	350	18	property	property	NOUN
cblr-7157	350	19	law	law	NOUN
cblr-7157	350	20	,	,	PUNCT
cblr-7157	350	21	82	82	NUM
cblr-7157	350	22	u.	u.	NOUN
cblr-7157	350	23	cin	cin	PROPN
cblr-7157	350	24	.	.	PUNCT
cblr-7157	351	1	l.	l.	PROPN
cblr-7157	351	2	rev	rev	PROPN
cblr-7157	351	3	.	.	PROPN
cblr-7157	351	4	57	57	NUM
cblr-7157	351	5	,	,	PUNCT
cblr-7157	351	6	80–81	80–81	NUM
cblr-7157	351	7	(	(	PUNCT
cblr-7157	351	8	2013	2013	NUM
cblr-7157	351	9	)	)	PUNCT
cblr-7157	351	10	.	.	PUNCT
cblr-7157	352	1	81	81	NUM
cblr-7157	352	2	see	see	PROPN
cblr-7157	352	3	cal	cal	PROPN
cblr-7157	352	4	corp	corp	PROPN
cblr-7157	352	5	.	.	PROPN
cblr-7157	352	6	code	code	PROPN
cblr-7157	352	7	§	§	PROPN
cblr-7157	352	8	1900(a	1900(a	NUM
cblr-7157	352	9	)	)	PUNCT
cblr-7157	352	10	(	(	PUNCT
cblr-7157	352	11	west	west	NOUN
cblr-7157	352	12	2018	2018	NUM
cblr-7157	352	13	)	)	PUNCT
cblr-7157	352	14	;	;	PUNCT
cblr-7157	352	15	n.y	n.y	PROPN
cblr-7157	352	16	.	.	PROPN
cblr-7157	352	17	bus	bus	PROPN
cblr-7157	352	18	.	.	PUNCT
cblr-7157	353	1	corp	corp	PROPN
cblr-7157	353	2	.	.	PROPN
cblr-7157	353	3	law	law	PROPN
cblr-7157	353	4	§	§	PROPN
cblr-7157	353	5	1001(a	1001(a	PROPN
cblr-7157	353	6	)	)	PUNCT
cblr-7157	353	7	(	(	PUNCT
cblr-7157	353	8	mckinney	mckinney	NOUN
cblr-7157	353	9	2019	2019	NUM
cblr-7157	353	10	)	)	PUNCT
cblr-7157	353	11	.	.	PUNCT
cblr-7157	354	1	82	82	NUM
cblr-7157	354	2	see	see	VERB
cblr-7157	354	3	del	del	PROPN
cblr-7157	354	4	.	.	PROPN
cblr-7157	354	5	code	code	PROPN
cblr-7157	354	6	ann	ann	PROPN
cblr-7157	354	7	.	.	PUNCT
cblr-7157	355	1	tit	tit	PROPN
cblr-7157	355	2	.	.	PROPN
cblr-7157	356	1	8	8	NUM
cblr-7157	356	2	,	,	PUNCT
cblr-7157	356	3	§	§	PROPN
cblr-7157	356	4	275	275	NUM
cblr-7157	356	5	(	(	PUNCT
cblr-7157	356	6	2019	2019	NUM
cblr-7157	356	7	)	)	PUNCT
cblr-7157	356	8	.	.	PUNCT
cblr-7157	357	1	delaware	delaware	PROPN
cblr-7157	357	2	law	law	PROPN
cblr-7157	357	3	required	require	VERB
cblr-7157	357	4	board	board	NOUN
cblr-7157	357	5	action	action	NOUN
cblr-7157	357	6	to	to	PART
cblr-7157	357	7	dissolve	dissolve	VERB
cblr-7157	357	8	the	the	DET
cblr-7157	357	9	corporation	corporation	NOUN
cblr-7157	357	10	prior	prior	ADV
cblr-7157	357	11	to	to	ADP
cblr-7157	357	12	1969	1969	NUM
cblr-7157	357	13	,	,	PUNCT
cblr-7157	357	14	but	but	CCONJ
cblr-7157	357	15	created	create	VERB
cblr-7157	357	16	a	a	DET
cblr-7157	357	17	procedure	procedure	NOUN
cblr-7157	357	18	not	not	PART
cblr-7157	357	19	requiring	require	VERB
cblr-7157	357	20	board	board	NOUN
cblr-7157	357	21	action	action	NOUN
cblr-7157	357	22	in	in	ADP
cblr-7157	357	23	that	that	DET
cblr-7157	357	24	year	year	NOUN
cblr-7157	357	25	.	.	PUNCT
cblr-7157	358	1	see	see	VERB
cblr-7157	358	2	act	act	NOUN
cblr-7157	358	3	of	of	ADP
cblr-7157	358	4	june	june	PROPN
cblr-7157	358	5	23	23	NUM
cblr-7157	358	6	,	,	PUNCT
cblr-7157	358	7	1969	1969	NUM
cblr-7157	358	8	,	,	PUNCT
cblr-7157	358	9	57	57	NUM
cblr-7157	358	10	del	del	PROPN
cblr-7157	358	11	.	.	PROPN
cblr-7157	358	12	laws	law	NOUN
cblr-7157	358	13	ch	ch	PROPN
cblr-7157	358	14	.	.	PROPN
cblr-7157	358	15	148	148	NUM
cblr-7157	358	16	,	,	PUNCT
cblr-7157	358	17	§	§	PROPN
cblr-7157	358	18	§	§	PROPN
cblr-7157	358	19	31–32	31–32	NUM
cblr-7157	358	20	(	(	PUNCT
cblr-7157	358	21	codified	codify	VERB
cblr-7157	358	22	as	as	SCONJ
cblr-7157	358	23	amended	amend	VERB
cblr-7157	358	24	at	at	ADP
cblr-7157	358	25	del	del	PROPN
cblr-7157	358	26	.	.	PROPN
cblr-7157	358	27	code	code	PROPN
cblr-7157	358	28	ann	ann	PROPN
cblr-7157	358	29	.	.	PUNCT
cblr-7157	359	1	tit	tit	PROPN
cblr-7157	359	2	.	.	PROPN
cblr-7157	360	1	8	8	NUM
cblr-7157	360	2	,	,	PUNCT
cblr-7157	360	3	§	§	PROPN
cblr-7157	360	4	275	275	NUM
cblr-7157	360	5	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	360	6	(	(	PUNCT
cblr-7157	360	7	do	do	AUX
cblr-7157	360	8	not	not	PART
cblr-7157	360	9	delte	delte	VERB
cblr-7157	360	10	)	)	PUNCT
cblr-7157	360	11	10/2/2020	10/2/2020	NUM
cblr-7157	360	12	11:44	11:44	NUM
cblr-7157	360	13	am	be	AUX
cblr-7157	360	14	26	26	NUM
cblr-7157	360	15	columbia	columbia	PROPN
cblr-7157	360	16	business	business	NOUN
cblr-7157	360	17	law	law	PROPN
cblr-7157	360	18	review	review	NOUN
cblr-7157	361	1	[	[	X
cblr-7157	361	2	vol	vol	NOUN
cblr-7157	361	3	.	.	PUNCT
cblr-7157	361	4	2020	2020	NUM
cblr-7157	361	5	thus	thus	ADV
cblr-7157	361	6	,	,	PUNCT
cblr-7157	361	7	shareholders	shareholder	NOUN
cblr-7157	361	8	in	in	ADP
cblr-7157	361	9	these	these	DET
cblr-7157	361	10	states	state	NOUN
cblr-7157	361	11	have	have	VERB
cblr-7157	361	12	the	the	DET
cblr-7157	361	13	right	right	NOUN
cblr-7157	361	14	to	to	PART
cblr-7157	361	15	take	take	VERB
cblr-7157	361	16	hold	hold	NOUN
cblr-7157	361	17	of	of	ADP
cblr-7157	361	18	and	and	CCONJ
cblr-7157	361	19	use	use	VERB
cblr-7157	361	20	corporate	corporate	ADJ
cblr-7157	361	21	property	property	NOUN
cblr-7157	361	22	for	for	ADP
cblr-7157	361	23	any	any	DET
cblr-7157	361	24	purpose	purpose	NOUN
cblr-7157	361	25	,	,	PUNCT
cblr-7157	361	26	though	though	SCONJ
cblr-7157	361	27	that	that	DET
cblr-7157	361	28	right	right	NOUN
cblr-7157	361	29	may	may	AUX
cblr-7157	361	30	only	only	ADV
cblr-7157	361	31	be	be	AUX
cblr-7157	361	32	exercised	exercise	VERB
cblr-7157	361	33	collectively	collectively	ADV
cblr-7157	361	34	and	and	CCONJ
cblr-7157	361	35	indirectly	indirectly	ADV
cblr-7157	361	36	.	.	PUNCT
cblr-7157	362	1	the	the	DET
cblr-7157	362	2	mbca	mbca	NOUN
cblr-7157	362	3	has	have	VERB
cblr-7157	362	4	a	a	DET
cblr-7157	362	5	different	different	ADJ
cblr-7157	362	6	rule	rule	NOUN
cblr-7157	362	7	,	,	PUNCT
cblr-7157	362	8	requiring	require	VERB
cblr-7157	362	9	the	the	DET
cblr-7157	362	10	concurrence	concurrence	NOUN
cblr-7157	362	11	of	of	ADP
cblr-7157	362	12	the	the	DET
cblr-7157	362	13	board	board	NOUN
cblr-7157	362	14	and	and	CCONJ
cblr-7157	362	15	shareholders	shareholder	NOUN
cblr-7157	362	16	to	to	PART
cblr-7157	362	17	dissolve,83	dissolve,83	PROPN
cblr-7157	362	18	but	but	CCONJ
cblr-7157	362	19	shareholders	shareholder	NOUN
cblr-7157	362	20	can	can	AUX
cblr-7157	362	21	always	always	ADV
cblr-7157	362	22	remove	remove	VERB
cblr-7157	362	23	directors	director	NOUN
cblr-7157	362	24	who	who	PRON
cblr-7157	362	25	disagree	disagree	VERB
cblr-7157	362	26	with	with	ADP
cblr-7157	362	27	their	their	PRON
cblr-7157	362	28	plan.84	plan.84	NOUN
cblr-7157	362	29	the	the	DET
cblr-7157	362	30	unilateral	unilateral	ADJ
cblr-7157	362	31	power	power	NOUN
cblr-7157	362	32	to	to	PART
cblr-7157	362	33	dissolve	dissolve	VERB
cblr-7157	362	34	the	the	DET
cblr-7157	362	35	corporation	corporation	NOUN
cblr-7157	362	36	is	be	AUX
cblr-7157	362	37	a	a	DET
cblr-7157	362	38	powerful	powerful	ADJ
cblr-7157	362	39	incident	incident	NOUN
cblr-7157	362	40	of	of	ADP
cblr-7157	362	41	property	property	NOUN
cblr-7157	362	42	,	,	PUNCT
cblr-7157	362	43	akin	akin	ADJ
cblr-7157	362	44	to	to	ADP
cblr-7157	362	45	forcing	force	VERB
cblr-7157	362	46	an	an	DET
cblr-7157	362	47	accounting	accounting	NOUN
cblr-7157	362	48	or	or	CCONJ
cblr-7157	362	49	partition	partition	NOUN
cblr-7157	362	50	of	of	ADP
cblr-7157	362	51	property	property	NOUN
cblr-7157	362	52	owned	own	VERB
cblr-7157	362	53	in	in	ADP
cblr-7157	362	54	co	co	NOUN
cblr-7157	362	55	-	-	NOUN
cblr-7157	362	56	tenancy	tenancy	NOUN
cblr-7157	362	57	.	.	PUNCT
cblr-7157	363	1	not	not	PART
cblr-7157	363	2	only	only	ADV
cblr-7157	363	3	does	do	AUX
cblr-7157	363	4	this	this	PRON
cblr-7157	363	5	mean	mean	VERB
cblr-7157	363	6	that	that	SCONJ
cblr-7157	363	7	shareholders	shareholder	NOUN
cblr-7157	363	8	can	can	AUX
cblr-7157	363	9	take	take	VERB
cblr-7157	363	10	corporate	corporate	ADJ
cblr-7157	363	11	assets	asset	NOUN
cblr-7157	363	12	out	out	ADP
cblr-7157	363	13	of	of	ADP
cblr-7157	363	14	corporate	corporate	ADJ
cblr-7157	363	15	solution	solution	NOUN
cblr-7157	363	16	,	,	PUNCT
cblr-7157	363	17	it	it	PRON
cblr-7157	363	18	also	also	ADV
cblr-7157	363	19	parallels	parallel	VERB
cblr-7157	363	20	the	the	DET
cblr-7157	363	21	ancient	ancient	ADJ
cblr-7157	363	22	“	"	PUNCT
cblr-7157	363	23	right	right	NOUN
cblr-7157	363	24	to	to	PART
cblr-7157	363	25	destroy	destroy	VERB
cblr-7157	363	26	”	"	PUNCT
cblr-7157	363	27	as	as	ADP
cblr-7157	363	28	an	an	DET
cblr-7157	363	29	incident	incident	NOUN
cblr-7157	363	30	of	of	ADP
cblr-7157	363	31	property	property	NOUN
cblr-7157	363	32	rights.85	rights.85	NOUN
cblr-7157	363	33	this	this	DET
cblr-7157	363	34	right	right	NOUN
cblr-7157	363	35	of	of	ADP
cblr-7157	363	36	the	the	DET
cblr-7157	363	37	shareholders	shareholder	NOUN
cblr-7157	363	38	to	to	PART
cblr-7157	363	39	remove	remove	VERB
cblr-7157	363	40	assets	asset	NOUN
cblr-7157	363	41	from	from	ADP
cblr-7157	363	42	corporate	corporate	ADJ
cblr-7157	363	43	solution	solution	NOUN
cblr-7157	363	44	is	be	AUX
cblr-7157	363	45	not	not	PART
cblr-7157	363	46	addressed	address	VERB
cblr-7157	363	47	by	by	ADP
cblr-7157	363	48	contractarian	contractarian	ADJ
cblr-7157	363	49	scholars	scholar	NOUN
cblr-7157	363	50	,	,	PUNCT
cblr-7157	363	51	and	and	CCONJ
cblr-7157	363	52	strongly	strongly	ADV
cblr-7157	363	53	points	point	VERB
cblr-7157	363	54	toward	toward	ADP
cblr-7157	363	55	finding	find	VERB
cblr-7157	363	56	that	that	SCONJ
cblr-7157	363	57	shareholders	shareholder	NOUN
cblr-7157	363	58	retain	retain	VERB
cblr-7157	363	59	an	an	DET
cblr-7157	363	60	ownership	ownership	NOUN
cblr-7157	363	61	interest	interest	NOUN
cblr-7157	363	62	when	when	SCONJ
cblr-7157	363	63	they	they	PRON
cblr-7157	363	64	put	put	VERB
cblr-7157	363	65	assets	asset	NOUN
cblr-7157	363	66	into	into	ADP
cblr-7157	363	67	the	the	DET
cblr-7157	363	68	corporation	corporation	NOUN
cblr-7157	363	69	.	.	PUNCT
cblr-7157	364	1	the	the	DET
cblr-7157	364	2	right	right	NOUN
cblr-7157	364	3	to	to	PART
cblr-7157	364	4	manage	manage	VERB
cblr-7157	364	5	and	and	CCONJ
cblr-7157	364	6	the	the	DET
cblr-7157	364	7	right	right	NOUN
cblr-7157	364	8	to	to	PART
cblr-7157	364	9	possess	possess	VERB
cblr-7157	364	10	are	be	AUX
cblr-7157	364	11	related	relate	VERB
cblr-7157	364	12	in	in	ADP
cblr-7157	364	13	the	the	DET
cblr-7157	364	14	corporate	corporate	ADJ
cblr-7157	364	15	context	context	NOUN
cblr-7157	364	16	in	in	ADP
cblr-7157	364	17	a	a	DET
cblr-7157	364	18	way	way	NOUN
cblr-7157	364	19	that	that	PRON
cblr-7157	364	20	illuminates	illuminate	VERB
cblr-7157	364	21	the	the	DET
cblr-7157	364	22	property	property	NOUN
cblr-7157	364	23	dimension	dimension	NOUN
cblr-7157	364	24	of	of	ADP
cblr-7157	364	25	the	the	DET
cblr-7157	364	26	corporation	corporation	NOUN
cblr-7157	364	27	.	.	PUNCT
cblr-7157	365	1	the	the	DET
cblr-7157	365	2	right	right	NOUN
cblr-7157	365	3	to	to	PART
cblr-7157	365	4	possess	possess	VERB
cblr-7157	365	5	is	be	AUX
cblr-7157	365	6	primarily	primarily	ADV
cblr-7157	365	7	the	the	DET
cblr-7157	365	8	right	right	NOUN
cblr-7157	365	9	to	to	PART
cblr-7157	365	10	exclude	exclude	VERB
cblr-7157	365	11	others	other	NOUN
cblr-7157	365	12	from	from	ADP
cblr-7157	365	13	use	use	NOUN
cblr-7157	365	14	,	,	PUNCT
cblr-7157	365	15	and	and	CCONJ
cblr-7157	365	16	the	the	DET
cblr-7157	365	17	right	right	NOUN
cblr-7157	365	18	to	to	PART
cblr-7157	365	19	manage	manage	VERB
cblr-7157	365	20	resides	reside	VERB
cblr-7157	365	21	formally	formally	ADV
cblr-7157	365	22	in	in	ADP
cblr-7157	365	23	the	the	DET
cblr-7157	365	24	board.86	board.86	NOUN
cblr-7157	365	25	but	but	CCONJ
cblr-7157	365	26	shareholders	shareholder	NOUN
cblr-7157	365	27	as	as	ADP
cblr-7157	365	28	a	a	DET
cblr-7157	365	29	whole	whole	NOUN
cblr-7157	365	30	can	can	AUX
cblr-7157	365	31	exclude	exclude	VERB
cblr-7157	365	32	the	the	DET
cblr-7157	365	33	board	board	NOUN
cblr-7157	365	34	by	by	ADP
cblr-7157	365	35	removing	remove	VERB
cblr-7157	365	36	them	they	PRON
cblr-7157	365	37	or	or	CCONJ
cblr-7157	365	38	electing	elect	VERB
cblr-7157	365	39	others.87	others.87	VERB
cblr-7157	365	40	the	the	DET
cblr-7157	365	41	fact	fact	NOUN
cblr-7157	365	42	that	that	SCONJ
cblr-7157	365	43	shareholders	shareholder	NOUN
cblr-7157	365	44	as	as	ADP
cblr-7157	365	45	a	a	DET
cblr-7157	365	46	whole	whole	NOUN
cblr-7157	365	47	can	can	AUX
cblr-7157	365	48	toss	toss	VERB
cblr-7157	365	49	aside	aside	ADV
cblr-7157	365	50	any	any	PRON
cblr-7157	365	51	of	of	ADP
cblr-7157	365	52	the	the	DET
cblr-7157	365	53	limitations	limitation	NOUN
cblr-7157	365	54	on	on	ADP
cblr-7157	365	55	direct	direct	ADJ
cblr-7157	365	56	management	management	NOUN
cblr-7157	365	57	shows	show	VERB
cblr-7157	365	58	that	that	SCONJ
cblr-7157	365	59	those	those	DET
cblr-7157	365	60	limitations	limitation	NOUN
cblr-7157	365	61	were	be	AUX
cblr-7157	365	62	designed	design	VERB
cblr-7157	365	63	for	for	ADP
cblr-7157	365	64	the	the	DET
cblr-7157	365	65	benefit	benefit	NOUN
cblr-7157	365	66	of	of	ADP
cblr-7157	365	67	the	the	DET
cblr-7157	365	68	shareholders	shareholder	NOUN
cblr-7157	365	69	themselves	themselves	PRON
cblr-7157	365	70	,	,	PUNCT
cblr-7157	365	71	not	not	PART
cblr-7157	365	72	other	other	ADJ
cblr-7157	365	73	constituencies	constituency	NOUN
cblr-7157	365	74	such	such	ADJ
cblr-7157	365	75	as	as	ADP
cblr-7157	365	76	creditors	creditor	NOUN
cblr-7157	365	77	.	.	PUNCT
cblr-7157	366	1	the	the	DET
cblr-7157	366	2	reason	reason	NOUN
cblr-7157	366	3	why	why	SCONJ
cblr-7157	366	4	shareholders	shareholder	NOUN
cblr-7157	366	5	do	do	AUX
cblr-7157	366	6	not	not	PART
cblr-7157	366	7	have	have	VERB
cblr-7157	366	8	these	these	DET
cblr-7157	366	9	rights	right	NOUN
cblr-7157	366	10	individually	individually	ADV
cblr-7157	366	11	is	be	AUX
cblr-7157	366	12	not	not	PART
cblr-7157	366	13	to	to	PART
cblr-7157	366	14	protect	protect	VERB
cblr-7157	366	15	the	the	DET
cblr-7157	366	16	interests	interest	NOUN
cblr-7157	366	17	of	of	ADP
cblr-7157	366	18	other	other	ADJ
cblr-7157	366	19	parties	party	NOUN
cblr-7157	366	20	;	;	PUNCT
cblr-7157	366	21	it	it	PRON
cblr-7157	366	22	is	be	AUX
cblr-7157	366	23	to	to	PART
cblr-7157	366	24	protect	protect	VERB
cblr-7157	366	25	the	the	DET
cblr-7157	366	26	interests	interest	NOUN
cblr-7157	366	27	of	of	ADP
cblr-7157	366	28	the	the	DET
cblr-7157	366	29	shareholders	shareholder	NOUN
cblr-7157	366	30	.	.	PUNCT
cblr-7157	367	1	the	the	DET
cblr-7157	367	2	limitations	limitation	NOUN
cblr-7157	367	3	on	on	ADP
cblr-7157	367	4	shareholder	shareholder	NOUN
cblr-7157	367	5	(	(	PUNCT
cblr-7157	367	6	2019	2019	NUM
cblr-7157	367	7	)	)	PUNCT
cblr-7157	367	8	)	)	PUNCT
cblr-7157	367	9	.	.	PUNCT
cblr-7157	368	1	these	these	DET
cblr-7157	368	2	provisions	provision	NOUN
cblr-7157	368	3	were	be	AUX
cblr-7157	368	4	replaced	replace	VERB
cblr-7157	368	5	with	with	ADP
cblr-7157	368	6	new	new	ADJ
cblr-7157	368	7	provisions	provision	NOUN
cblr-7157	368	8	in	in	ADP
cblr-7157	368	9	1987	1987	NUM
cblr-7157	368	10	,	,	PUNCT
cblr-7157	368	11	but	but	CCONJ
cblr-7157	368	12	the	the	DET
cblr-7157	368	13	statute	statute	NOUN
cblr-7157	368	14	retained	retain	VERB
cblr-7157	368	15	this	this	DET
cblr-7157	368	16	stockholder	stockholder	NOUN
cblr-7157	368	17	-	-	PUNCT
cblr-7157	368	18	only	only	ADJ
cblr-7157	368	19	alternative	alternative	NOUN
cblr-7157	368	20	to	to	AUX
cblr-7157	368	21	dissolution	dissolution	NOUN
cblr-7157	368	22	by	by	ADP
cblr-7157	368	23	the	the	DET
cblr-7157	368	24	joint	joint	ADJ
cblr-7157	368	25	board	board	NOUN
cblr-7157	368	26	-	-	PUNCT
cblr-7157	368	27	stockholder	stockholder	NOUN
cblr-7157	368	28	action	action	NOUN
cblr-7157	368	29	.	.	PUNCT
cblr-7157	369	1	see	see	VERB
cblr-7157	369	2	act	act	NOUN
cblr-7157	369	3	of	of	ADP
cblr-7157	369	4	july	july	PROPN
cblr-7157	369	5	1	1	NUM
cblr-7157	369	6	,	,	PUNCT
cblr-7157	369	7	1987	1987	NUM
cblr-7157	369	8	,	,	PUNCT
cblr-7157	369	9	66	66	NUM
cblr-7157	369	10	del	del	PROPN
cblr-7157	369	11	.	.	PROPN
cblr-7157	369	12	laws	law	NOUN
cblr-7157	369	13	ch	ch	PROPN
cblr-7157	369	14	.	.	PROPN
cblr-7157	369	15	136	136	NUM
cblr-7157	369	16	,	,	PUNCT
cblr-7157	369	17	§	§	PROPN
cblr-7157	369	18	34	34	NUM
cblr-7157	369	19	(	(	PUNCT
cblr-7157	369	20	codified	codify	VERB
cblr-7157	369	21	as	as	SCONJ
cblr-7157	369	22	amended	amend	VERB
cblr-7157	369	23	at	at	ADP
cblr-7157	369	24	del	del	PROPN
cblr-7157	369	25	.	.	PROPN
cblr-7157	369	26	code	code	PROPN
cblr-7157	369	27	ann	ann	PROPN
cblr-7157	369	28	.	.	PUNCT
cblr-7157	370	1	tit	tit	PROPN
cblr-7157	370	2	.	.	PROPN
cblr-7157	371	1	8	8	NUM
cblr-7157	371	2	,	,	PUNCT
cblr-7157	371	3	§	§	PROPN
cblr-7157	371	4	275	275	NUM
cblr-7157	371	5	(	(	PUNCT
cblr-7157	371	6	2019	2019	NUM
cblr-7157	371	7	)	)	PUNCT
cblr-7157	371	8	)	)	PUNCT
cblr-7157	371	9	.	.	PUNCT
cblr-7157	372	1	83	83	NUM
cblr-7157	372	2	model	model	NOUN
cblr-7157	372	3	bus	bus	NOUN
cblr-7157	372	4	.	.	PUNCT
cblr-7157	372	5	corp	corp	PROPN
cblr-7157	372	6	.	.	PROPN
cblr-7157	372	7	act	act	PROPN
cblr-7157	372	8	§	§	PROPN
cblr-7157	372	9	14.02	14.02	NUM
cblr-7157	372	10	(	(	PUNCT
cblr-7157	372	11	am	am	NOUN
cblr-7157	372	12	.	.	PUNCT
cblr-7157	372	13	bar	bar	NOUN
cblr-7157	372	14	ass’n	ass’n	NUM
cblr-7157	372	15	2016	2016	NUM
cblr-7157	372	16	)	)	PUNCT
cblr-7157	372	17	.	.	PUNCT
cblr-7157	373	1	84	84	NUM
cblr-7157	374	1	i	i	PRON
cblr-7157	374	2	d.	d.	PROPN
cblr-7157	374	3	§	§	PROPN
cblr-7157	374	4	8.08	8.08	NUM
cblr-7157	374	5	.	.	NOUN
cblr-7157	374	6	85	85	NUM
cblr-7157	374	7	see	see	VERB
cblr-7157	374	8	,	,	PUNCT
cblr-7157	374	9	e.g.	e.g.	ADV
cblr-7157	374	10	,	,	PUNCT
cblr-7157	374	11	lior	lior	PROPN
cblr-7157	374	12	jacob	jacob	PROPN
cblr-7157	374	13	strahilevitz	strahilevitz	PROPN
cblr-7157	374	14	,	,	PUNCT
cblr-7157	374	15	the	the	DET
cblr-7157	374	16	right	right	NOUN
cblr-7157	374	17	to	to	PART
cblr-7157	374	18	destroy	destroy	VERB
cblr-7157	374	19	,	,	PUNCT
cblr-7157	374	20	114	114	NUM
cblr-7157	374	21	yale	yale	PROPN
cblr-7157	374	22	l.j	l.j	PROPN
cblr-7157	374	23	.	.	PROPN
cblr-7157	374	24	781	781	NUM
cblr-7157	374	25	,	,	PUNCT
cblr-7157	374	26	781–87	781–87	NUM
cblr-7157	374	27	(	(	PUNCT
cblr-7157	374	28	2005	2005	NUM
cblr-7157	374	29	)	)	PUNCT
cblr-7157	374	30	(	(	PUNCT
cblr-7157	374	31	tracing	trace	VERB
cblr-7157	374	32	the	the	DET
cblr-7157	374	33	“	"	PUNCT
cblr-7157	374	34	right	right	NOUN
cblr-7157	374	35	to	to	PART
cblr-7157	374	36	destroy	destroy	VERB
cblr-7157	374	37	”	"	PUNCT
cblr-7157	374	38	as	as	ADP
cblr-7157	374	39	an	an	DET
cblr-7157	374	40	incident	incident	NOUN
cblr-7157	374	41	of	of	ADP
cblr-7157	374	42	ownership	ownership	NOUN
cblr-7157	374	43	from	from	ADP
cblr-7157	374	44	roman	roman	ADJ
cblr-7157	374	45	law	law	NOUN
cblr-7157	374	46	to	to	ADP
cblr-7157	374	47	the	the	DET
cblr-7157	374	48	present	present	NOUN
cblr-7157	374	49	)	)	PUNCT
cblr-7157	374	50	.	.	PUNCT
cblr-7157	375	1	86	86	NUM
cblr-7157	375	2	del	del	PROPN
cblr-7157	375	3	.	.	PROPN
cblr-7157	375	4	code	code	PROPN
cblr-7157	375	5	ann	ann	PROPN
cblr-7157	375	6	.	.	PUNCT
cblr-7157	375	7	tit	tit	PROPN
cblr-7157	375	8	.	.	PROPN
cblr-7157	375	9	8	8	NUM
cblr-7157	375	10	,	,	PUNCT
cblr-7157	375	11	§	§	PROPN
cblr-7157	375	12	141(a	141(a	NUM
cblr-7157	375	13	)	)	PUNCT
cblr-7157	375	14	(	(	PUNCT
cblr-7157	375	15	2019	2019	NUM
cblr-7157	375	16	)	)	PUNCT
cblr-7157	375	17	.	.	PUNCT
cblr-7157	376	1	87	87	NUM
cblr-7157	377	1	i	i	PRON
cblr-7157	377	2	d.	d.	PROPN
cblr-7157	377	3	§	§	PROPN
cblr-7157	377	4	141(k	141(k	PROPN
cblr-7157	377	5	)	)	PUNCT
cblr-7157	377	6	.	.	PUNCT
cblr-7157	378	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	378	2	(	(	PUNCT
cblr-7157	378	3	do	do	AUX
cblr-7157	378	4	not	not	PART
cblr-7157	378	5	delete	delete	VERB
cblr-7157	378	6	)	)	PUNCT
cblr-7157	378	7	10/2/2020	10/2/2020	NUM
cblr-7157	378	8	11:44	11:44	NUM
cblr-7157	378	9	am	be	AUX
cblr-7157	378	10	no	no	NOUN
cblr-7157	378	11	.	.	PUNCT
cblr-7157	378	12	1:1	1:1	NUM
cblr-7157	378	13	]	]	X
cblr-7157	378	14	a	a	DET
cblr-7157	378	15	property	property	NOUN
cblr-7157	378	16	theory	theory	NOUN
cblr-7157	378	17	27	27	NUM
cblr-7157	378	18	control	control	NOUN
cblr-7157	378	19	are	be	AUX
cblr-7157	378	20	de	de	X
cblr-7157	378	21	facto	facto	X
cblr-7157	378	22	ones	one	NOUN
cblr-7157	378	23	,	,	PUNCT
cblr-7157	378	24	not	not	PART
cblr-7157	378	25	legal	legal	ADJ
cblr-7157	378	26	ones	one	NOUN
cblr-7157	378	27	,	,	PUNCT
cblr-7157	378	28	and	and	CCONJ
cblr-7157	378	29	the	the	DET
cblr-7157	378	30	few	few	ADJ
cblr-7157	378	31	procedural	procedural	ADJ
cblr-7157	378	32	legal	legal	ADJ
cblr-7157	378	33	limitations	limitation	NOUN
cblr-7157	378	34	exist	exist	VERB
cblr-7157	378	35	to	to	PART
cblr-7157	378	36	protect	protect	VERB
cblr-7157	378	37	shareholders	shareholder	NOUN
cblr-7157	378	38	themselves	themselves	PRON
cblr-7157	378	39	.	.	PUNCT
cblr-7157	379	1	the	the	DET
cblr-7157	379	2	last	last	ADJ
cblr-7157	379	3	two	two	NUM
cblr-7157	379	4	points	point	NOUN
cblr-7157	379	5	—	—	PUNCT
cblr-7157	379	6	the	the	DET
cblr-7157	379	7	ability	ability	NOUN
cblr-7157	379	8	of	of	ADP
cblr-7157	379	9	the	the	DET
cblr-7157	379	10	shareholders	shareholder	NOUN
cblr-7157	379	11	to	to	PART
cblr-7157	379	12	dissolve	dissolve	VERB
cblr-7157	379	13	the	the	DET
cblr-7157	379	14	corporation	corporation	NOUN
cblr-7157	379	15	and	and	CCONJ
cblr-7157	379	16	take	take	VERB
cblr-7157	379	17	its	its	PRON
cblr-7157	379	18	assets	asset	NOUN
cblr-7157	379	19	directly	directly	ADV
cblr-7157	379	20	and	and	CCONJ
cblr-7157	379	21	the	the	DET
cblr-7157	379	22	ability	ability	NOUN
cblr-7157	379	23	of	of	ADP
cblr-7157	379	24	shareholders	shareholder	NOUN
cblr-7157	379	25	to	to	PART
cblr-7157	379	26	remove	remove	VERB
cblr-7157	379	27	managers	manager	NOUN
cblr-7157	379	28	—	—	PUNCT
cblr-7157	379	29	often	often	ADV
cblr-7157	379	30	prompts	prompt	VERB
cblr-7157	379	31	the	the	DET
cblr-7157	379	32	response	response	NOUN
cblr-7157	379	33	that	that	SCONJ
cblr-7157	379	34	such	such	ADJ
cblr-7157	379	35	actions	action	NOUN
cblr-7157	379	36	are	be	AUX
cblr-7157	379	37	not	not	PART
cblr-7157	379	38	feasible	feasible	ADJ
cblr-7157	379	39	because	because	SCONJ
cblr-7157	379	40	of	of	ADP
cblr-7157	379	41	the	the	DET
cblr-7157	379	42	lack	lack	NOUN
cblr-7157	379	43	of	of	ADP
cblr-7157	379	44	de	de	X
cblr-7157	379	45	facto	facto	X
cblr-7157	379	46	control	control	NOUN
cblr-7157	379	47	of	of	ADP
cblr-7157	379	48	individual	individual	ADJ
cblr-7157	379	49	shareholders	shareholder	NOUN
cblr-7157	379	50	in	in	ADP
cblr-7157	379	51	a	a	DET
cblr-7157	379	52	widely	widely	ADV
cblr-7157	379	53	held	hold	VERB
cblr-7157	379	54	corporation.88	corporation.88	NOUN
cblr-7157	379	55	the	the	DET
cblr-7157	379	56	ownership	ownership	NOUN
cblr-7157	379	57	skeptic	skeptic	NOUN
cblr-7157	379	58	argues	argue	VERB
cblr-7157	379	59	that	that	SCONJ
cblr-7157	379	60	it	it	PRON
cblr-7157	379	61	is	be	AUX
cblr-7157	379	62	not	not	PART
cblr-7157	379	63	practical	practical	ADJ
cblr-7157	379	64	(	(	PUNCT
cblr-7157	379	65	or	or	CCONJ
cblr-7157	379	66	perhaps	perhaps	ADV
cblr-7157	379	67	even	even	ADV
cblr-7157	379	68	possible	possible	ADJ
cblr-7157	379	69	)	)	PUNCT
cblr-7157	379	70	in	in	ADP
cblr-7157	379	71	a	a	DET
cblr-7157	379	72	widely	widely	ADV
cblr-7157	379	73	held	hold	VERB
cblr-7157	379	74	company	company	NOUN
cblr-7157	379	75	to	to	PART
cblr-7157	379	76	recruit	recruit	VERB
cblr-7157	379	77	a	a	DET
cblr-7157	379	78	majority	majority	NOUN
cblr-7157	379	79	of	of	ADP
cblr-7157	379	80	shareholders	shareholder	NOUN
cblr-7157	379	81	to	to	PART
cblr-7157	379	82	vote	vote	VERB
cblr-7157	379	83	to	to	PART
cblr-7157	379	84	take	take	VERB
cblr-7157	379	85	control	control	NOUN
cblr-7157	379	86	of	of	ADP
cblr-7157	379	87	the	the	DET
cblr-7157	379	88	assets	asset	NOUN
cblr-7157	379	89	of	of	ADP
cblr-7157	379	90	the	the	DET
cblr-7157	379	91	corporation	corporation	NOUN
cblr-7157	379	92	.	.	PUNCT
cblr-7157	380	1	thus	thus	ADV
cblr-7157	380	2	,	,	PUNCT
cblr-7157	380	3	the	the	DET
cblr-7157	380	4	debate	debate	NOUN
cblr-7157	380	5	over	over	ADP
cblr-7157	380	6	ownership	ownership	NOUN
cblr-7157	380	7	ultimately	ultimately	ADV
cblr-7157	380	8	comes	come	VERB
cblr-7157	380	9	down	down	ADP
cblr-7157	380	10	to	to	ADP
cblr-7157	380	11	the	the	DET
cblr-7157	380	12	commonly	commonly	ADV
cblr-7157	380	13	voiced	voice	VERB
cblr-7157	380	14	argument	argument	NOUN
cblr-7157	380	15	that	that	SCONJ
cblr-7157	380	16	the	the	DET
cblr-7157	380	17	lack	lack	NOUN
cblr-7157	380	18	of	of	ADP
cblr-7157	380	19	de	de	X
cblr-7157	380	20	facto	facto	X
cblr-7157	380	21	control	control	NOUN
cblr-7157	380	22	by	by	ADP
cblr-7157	380	23	individual	individual	ADJ
cblr-7157	380	24	shareholders	shareholder	NOUN
cblr-7157	380	25	defeats	defeat	VERB
cblr-7157	380	26	their	their	PRON
cblr-7157	380	27	status	status	NOUN
cblr-7157	380	28	as	as	ADP
cblr-7157	380	29	property	property	NOUN
cblr-7157	380	30	owners	owner	NOUN
cblr-7157	380	31	.	.	PUNCT
cblr-7157	381	1	this	this	DET
cblr-7157	381	2	article	article	NOUN
cblr-7157	381	3	calls	call	VERB
cblr-7157	381	4	this	this	DET
cblr-7157	381	5	argument	argument	NOUN
cblr-7157	381	6	the	the	DET
cblr-7157	381	7	“	"	PUNCT
cblr-7157	381	8	control	control	NOUN
cblr-7157	381	9	thesis	thesis	NOUN
cblr-7157	381	10	.	.	PUNCT
cblr-7157	381	11	”	"	PUNCT
cblr-7157	382	1	the	the	DET
cblr-7157	382	2	debate	debate	NOUN
cblr-7157	382	3	over	over	ADP
cblr-7157	382	4	the	the	DET
cblr-7157	382	5	control	control	NOUN
cblr-7157	382	6	thesis	thesis	NOUN
cblr-7157	382	7	is	be	AUX
cblr-7157	382	8	clarified	clarify	VERB
cblr-7157	382	9	by	by	ADP
cblr-7157	382	10	first	first	ADV
cblr-7157	382	11	considering	consider	VERB
cblr-7157	382	12	polar	polar	ADJ
cblr-7157	382	13	opposite	opposite	ADJ
cblr-7157	382	14	corporations	corporation	NOUN
cblr-7157	382	15	:	:	PUNCT
cblr-7157	382	16	public	public	ADJ
cblr-7157	382	17	corporations	corporation	NOUN
cblr-7157	382	18	and	and	CCONJ
cblr-7157	382	19	private	private	ADJ
cblr-7157	382	20	corporations	corporation	NOUN
cblr-7157	382	21	with	with	ADP
cblr-7157	382	22	single	single	ADJ
cblr-7157	382	23	shareholders	shareholder	NOUN
cblr-7157	382	24	.	.	PUNCT
cblr-7157	383	1	even	even	ADV
cblr-7157	383	2	those	those	PRON
cblr-7157	383	3	skeptical	skeptical	ADJ
cblr-7157	383	4	of	of	ADP
cblr-7157	383	5	ownership	ownership	NOUN
cblr-7157	383	6	interests	interest	NOUN
cblr-7157	383	7	in	in	ADP
cblr-7157	383	8	public	public	ADJ
cblr-7157	383	9	corporations	corporation	NOUN
cblr-7157	383	10	would	would	AUX
cblr-7157	383	11	generally	generally	ADV
cblr-7157	383	12	concede	concede	VERB
cblr-7157	383	13	that	that	SCONJ
cblr-7157	383	14	a	a	DET
cblr-7157	383	15	sole	sole	ADJ
cblr-7157	383	16	shareholder	shareholder	NOUN
cblr-7157	383	17	in	in	ADP
cblr-7157	383	18	a	a	DET
cblr-7157	383	19	private	private	ADJ
cblr-7157	383	20	corporation	corporation	NOUN
cblr-7157	383	21	owns	own	VERB
cblr-7157	383	22	a	a	DET
cblr-7157	383	23	property	property	NOUN
cblr-7157	383	24	interest	interest	NOUN
cblr-7157	383	25	in	in	ADP
cblr-7157	383	26	the	the	DET
cblr-7157	383	27	corporation.89	corporation.89	PROPN
cblr-7157	383	28	public	public	ADJ
cblr-7157	383	29	corporation	corporation	NOUN
cblr-7157	383	30	shareholders	shareholder	NOUN
cblr-7157	383	31	have	have	VERB
cblr-7157	383	32	very	very	ADV
cblr-7157	383	33	limited	limited	ADJ
cblr-7157	383	34	control	control	NOUN
cblr-7157	383	35	rights	right	NOUN
cblr-7157	383	36	,	,	PUNCT
cblr-7157	383	37	and	and	CCONJ
cblr-7157	383	38	therefore	therefore	ADV
cblr-7157	383	39	lack	lack	VERB
cblr-7157	383	40	the	the	DET
cblr-7157	383	41	practical	practical	ADJ
cblr-7157	383	42	ability	ability	NOUN
cblr-7157	383	43	to	to	PART
cblr-7157	383	44	exercise	exercise	VERB
cblr-7157	383	45	incidents	incident	NOUN
cblr-7157	383	46	of	of	ADP
cblr-7157	383	47	ownership.90	ownership.90	NOUN
cblr-7157	383	48	but	but	CCONJ
cblr-7157	383	49	the	the	DET
cblr-7157	383	50	sole	sole	ADJ
cblr-7157	383	51	shareholder	shareholder	NOUN
cblr-7157	383	52	of	of	ADP
cblr-7157	383	53	a	a	DET
cblr-7157	383	54	private	private	ADJ
cblr-7157	383	55	corporation	corporation	NOUN
cblr-7157	383	56	88	88	NUM
cblr-7157	383	57	see	see	VERB
cblr-7157	383	58	,	,	PUNCT
cblr-7157	383	59	e.g.	e.g.	ADV
cblr-7157	383	60	,	,	PUNCT
cblr-7157	383	61	lucian	lucian	PROPN
cblr-7157	383	62	a.	a.	NOUN
cblr-7157	383	63	bebchuk	bebchuk	PROPN
cblr-7157	383	64	,	,	PUNCT
cblr-7157	383	65	the	the	DET
cblr-7157	383	66	myth	myth	NOUN
cblr-7157	383	67	of	of	ADP
cblr-7157	383	68	the	the	DET
cblr-7157	383	69	shareholder	shareholder	NOUN
cblr-7157	383	70	franchise	franchise	NOUN
cblr-7157	383	71	,	,	PUNCT
cblr-7157	383	72	93	93	NUM
cblr-7157	383	73	va	va	NOUN
cblr-7157	383	74	.	.	PUNCT
cblr-7157	384	1	l.	l.	PROPN
cblr-7157	384	2	rev	rev	PROPN
cblr-7157	384	3	.	.	PROPN
cblr-7157	384	4	675	675	NUM
cblr-7157	384	5	,	,	PUNCT
cblr-7157	384	6	688–94	688–94	NOUN
cblr-7157	384	7	(	(	PUNCT
cblr-7157	384	8	2007	2007	NUM
cblr-7157	384	9	)	)	PUNCT
cblr-7157	384	10	(	(	PUNCT
cblr-7157	384	11	noting	note	VERB
cblr-7157	384	12	that	that	SCONJ
cblr-7157	384	13	the	the	DET
cblr-7157	384	14	high	high	ADJ
cblr-7157	384	15	costs	cost	NOUN
cblr-7157	384	16	of	of	ADP
cblr-7157	384	17	proxy	proxy	ADJ
cblr-7157	384	18	contests	contest	NOUN
cblr-7157	384	19	and	and	CCONJ
cblr-7157	384	20	the	the	DET
cblr-7157	384	21	existence	existence	NOUN
cblr-7157	384	22	of	of	ADP
cblr-7157	384	23	staggered	staggered	ADJ
cblr-7157	384	24	boards	board	NOUN
cblr-7157	384	25	are	be	AUX
cblr-7157	384	26	obstacles	obstacle	NOUN
cblr-7157	384	27	to	to	ADP
cblr-7157	384	28	shareholders	shareholder	NOUN
cblr-7157	384	29	’	'	PUNCT
cblr-7157	384	30	ability	ability	NOUN
cblr-7157	384	31	to	to	PART
cblr-7157	384	32	replace	replace	VERB
cblr-7157	384	33	management	management	NOUN
cblr-7157	384	34	through	through	ADP
cblr-7157	384	35	the	the	DET
cblr-7157	384	36	franchise	franchise	NOUN
cblr-7157	384	37	)	)	PUNCT
cblr-7157	384	38	.	.	PUNCT
cblr-7157	385	1	89	89	NUM
cblr-7157	385	2	see	see	VERB
cblr-7157	385	3	lynn	lynn	PROPN
cblr-7157	385	4	a.	a.	PROPN
cblr-7157	385	5	stout	stout	PROPN
cblr-7157	385	6	,	,	PUNCT
cblr-7157	385	7	bad	bad	ADJ
cblr-7157	385	8	and	and	CCONJ
cblr-7157	385	9	not	not	PART
cblr-7157	385	10	-	-	PUNCT
cblr-7157	385	11	so	so	ADV
cblr-7157	385	12	-	-	PUNCT
cblr-7157	385	13	bad	bad	ADJ
cblr-7157	385	14	arguments	argument	NOUN
cblr-7157	385	15	for	for	ADP
cblr-7157	385	16	shareholder	shareholder	NOUN
cblr-7157	385	17	primacy	primacy	NOUN
cblr-7157	385	18	,	,	PUNCT
cblr-7157	385	19	75	75	NUM
cblr-7157	385	20	s.	s.	PROPN
cblr-7157	385	21	cal	cal	PROPN
cblr-7157	385	22	l.	l.	PROPN
cblr-7157	385	23	rev	rev	PROPN
cblr-7157	385	24	.	.	PROPN
cblr-7157	385	25	1189	1189	NUM
cblr-7157	385	26	,	,	PUNCT
cblr-7157	385	27	1191	1191	NUM
cblr-7157	385	28	(	(	PUNCT
cblr-7157	385	29	2002	2002	NUM
cblr-7157	385	30	)	)	PUNCT
cblr-7157	385	31	(	(	PUNCT
cblr-7157	385	32	“	"	PUNCT
cblr-7157	385	33	thus	thus	ADV
cblr-7157	385	34	,	,	PUNCT
cblr-7157	385	35	while	while	SCONJ
cblr-7157	385	36	it	it	PRON
cblr-7157	385	37	perhaps	perhaps	ADV
cblr-7157	385	38	is	be	AUX
cblr-7157	385	39	excusable	excusable	ADJ
cblr-7157	385	40	to	to	PART
cblr-7157	385	41	loosely	loosely	ADV
cblr-7157	385	42	describe	describe	VERB
cblr-7157	385	43	a	a	DET
cblr-7157	385	44	closely	closely	ADV
cblr-7157	385	45	held	hold	VERB
cblr-7157	385	46	firm	firm	NOUN
cblr-7157	385	47	with	with	ADP
cblr-7157	385	48	a	a	DET
cblr-7157	385	49	single	single	ADJ
cblr-7157	385	50	controlling	control	VERB
cblr-7157	385	51	shareholder	shareholder	NOUN
cblr-7157	385	52	as	as	ADP
cblr-7157	385	53	‘	'	PUNCT
cblr-7157	385	54	owned	own	VERB
cblr-7157	385	55	’	'	PUNCT
cblr-7157	385	56	by	by	ADP
cblr-7157	385	57	that	that	DET
cblr-7157	385	58	shareholder	shareholder	NOUN
cblr-7157	385	59	,	,	PUNCT
cblr-7157	385	60	it	it	PRON
cblr-7157	385	61	is	be	AUX
cblr-7157	385	62	misleading	misleading	ADJ
cblr-7157	385	63	to	to	PART
cblr-7157	385	64	use	use	VERB
cblr-7157	385	65	the	the	DET
cblr-7157	385	66	language	language	NOUN
cblr-7157	385	67	of	of	ADP
cblr-7157	385	68	ownership	ownership	NOUN
cblr-7157	385	69	to	to	PART
cblr-7157	385	70	describe	describe	VERB
cblr-7157	385	71	the	the	DET
cblr-7157	385	72	relationship	relationship	NOUN
cblr-7157	385	73	between	between	ADP
cblr-7157	385	74	a	a	DET
cblr-7157	385	75	public	public	ADJ
cblr-7157	385	76	firm	firm	NOUN
cblr-7157	385	77	and	and	CCONJ
cblr-7157	385	78	its	its	PRON
cblr-7157	385	79	shareholders	shareholder	NOUN
cblr-7157	385	80	.	.	PUNCT
cblr-7157	385	81	”	"	PUNCT
cblr-7157	385	82	)	)	PUNCT
cblr-7157	385	83	.	.	PUNCT
cblr-7157	386	1	she	she	PRON
cblr-7157	386	2	then	then	ADV
cblr-7157	386	3	says	say	VERB
cblr-7157	386	4	“	"	PUNCT
cblr-7157	386	5	it	it	PRON
cblr-7157	386	6	is	be	AUX
cblr-7157	386	7	even	even	ADV
cblr-7157	386	8	questionable	questionable	ADJ
cblr-7157	386	9	,	,	PUNCT
cblr-7157	386	10	from	from	ADP
cblr-7157	386	11	an	an	DET
cblr-7157	386	12	economic	economic	ADJ
cblr-7157	386	13	perspective	perspective	NOUN
cblr-7157	386	14	,	,	PUNCT
cblr-7157	386	15	to	to	PART
cblr-7157	386	16	say	say	VERB
cblr-7157	386	17	that	that	SCONJ
cblr-7157	386	18	a	a	DET
cblr-7157	386	19	single	single	ADJ
cblr-7157	386	20	controlling	control	VERB
cblr-7157	386	21	shareholder	shareholder	NOUN
cblr-7157	386	22	‘	'	PUNCT
cblr-7157	386	23	owns	own	VERB
cblr-7157	386	24	’	'	PUNCT
cblr-7157	386	25	a	a	DET
cblr-7157	386	26	closely	closely	ADV
cblr-7157	386	27	held	hold	VERB
cblr-7157	386	28	firm	firm	NOUN
cblr-7157	386	29	after	after	SCONJ
cblr-7157	386	30	the	the	DET
cblr-7157	386	31	firm	firm	NOUN
cblr-7157	386	32	has	have	AUX
cblr-7157	386	33	issued	issue	VERB
cblr-7157	386	34	debt	debt	NOUN
cblr-7157	386	35	.	.	PUNCT
cblr-7157	386	36	”	"	PUNCT
cblr-7157	387	1	i	i	PRON
cblr-7157	387	2	d.	d.	VERB
cblr-7157	387	3	at	at	ADP
cblr-7157	387	4	1191–92	1191–92	NUM
cblr-7157	387	5	.	.	PUNCT
cblr-7157	388	1	90	90	NUM
cblr-7157	388	2	see	see	PROPN
cblr-7157	388	3	velasco	velasco	PROPN
cblr-7157	388	4	,	,	PUNCT
cblr-7157	388	5	supra	supra	PROPN
cblr-7157	388	6	note	note	PROPN
cblr-7157	388	7	8	8	NUM
cblr-7157	388	8	,	,	PUNCT
cblr-7157	388	9	at	at	ADP
cblr-7157	388	10	907–12	907–12	PROPN
cblr-7157	388	11	(	(	PUNCT
cblr-7157	388	12	2010	2010	NUM
cblr-7157	388	13	)	)	PUNCT
cblr-7157	388	14	(	(	PUNCT
cblr-7157	388	15	addressing	address	VERB
cblr-7157	388	16	the	the	DET
cblr-7157	388	17	common	common	ADJ
cblr-7157	388	18	argument	argument	NOUN
cblr-7157	388	19	that	that	SCONJ
cblr-7157	388	20	shareholders	shareholder	NOUN
cblr-7157	388	21	lack	lack	VERB
cblr-7157	388	22	ownership	ownership	NOUN
cblr-7157	388	23	because	because	SCONJ
cblr-7157	388	24	they	they	PRON
cblr-7157	388	25	lack	lack	VERB
cblr-7157	388	26	control	control	NOUN
cblr-7157	388	27	,	,	PUNCT
cblr-7157	388	28	and	and	CCONJ
cblr-7157	388	29	concluding	conclude	VERB
cblr-7157	388	30	shareholders	shareholder	NOUN
cblr-7157	388	31	do	do	AUX
cblr-7157	388	32	have	have	VERB
cblr-7157	388	33	the	the	DET
cblr-7157	388	34	type	type	NOUN
cblr-7157	388	35	of	of	ADP
cblr-7157	388	36	control	control	NOUN
cblr-7157	388	37	one	one	PRON
cblr-7157	388	38	would	would	AUX
cblr-7157	388	39	expect	expect	VERB
cblr-7157	388	40	from	from	ADP
cblr-7157	388	41	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	388	42	(	(	PUNCT
cblr-7157	388	43	do	do	AUX
cblr-7157	388	44	not	not	PART
cblr-7157	388	45	delte	delte	VERB
cblr-7157	388	46	)	)	PUNCT
cblr-7157	388	47	10/2/2020	10/2/2020	NUM
cblr-7157	388	48	11:44	11:44	NUM
cblr-7157	388	49	am	am	NOUN
cblr-7157	388	50	28	28	NUM
cblr-7157	388	51	columbia	columbia	PROPN
cblr-7157	388	52	business	business	NOUN
cblr-7157	388	53	law	law	PROPN
cblr-7157	388	54	review	review	NOUN
cblr-7157	389	1	[	[	X
cblr-7157	389	2	vol	vol	NOUN
cblr-7157	389	3	.	.	PUNCT
cblr-7157	389	4	2020	2020	NUM
cblr-7157	389	5	has	have	VERB
cblr-7157	389	6	complete	complete	ADJ
cblr-7157	389	7	control	control	NOUN
cblr-7157	389	8	,	,	PUNCT
cblr-7157	389	9	and	and	CCONJ
cblr-7157	389	10	therefore	therefore	ADV
cblr-7157	389	11	,	,	PUNCT
cblr-7157	389	12	under	under	ADP
cblr-7157	389	13	the	the	DET
cblr-7157	389	14	control	control	NOUN
cblr-7157	389	15	thesis	thesis	NOUN
cblr-7157	389	16	,	,	PUNCT
cblr-7157	389	17	has	have	VERB
cblr-7157	389	18	ownership	ownership	NOUN
cblr-7157	389	19	.	.	PUNCT
cblr-7157	390	1	the	the	DET
cblr-7157	390	2	argument	argument	NOUN
cblr-7157	390	3	that	that	SCONJ
cblr-7157	390	4	ownership	ownership	NOUN
cblr-7157	390	5	turns	turn	VERB
cblr-7157	390	6	on	on	ADP
cblr-7157	390	7	control	control	NOUN
cblr-7157	390	8	is	be	AUX
cblr-7157	390	9	facially	facially	ADV
cblr-7157	390	10	appealing	appealing	ADJ
cblr-7157	390	11	,	,	PUNCT
cblr-7157	390	12	but	but	CCONJ
cblr-7157	390	13	it	it	PRON
cblr-7157	390	14	is	be	AUX
cblr-7157	390	15	difficult	difficult	ADJ
cblr-7157	390	16	to	to	PART
cblr-7157	390	17	square	square	VERB
cblr-7157	390	18	its	its	PRON
cblr-7157	390	19	conception	conception	NOUN
cblr-7157	390	20	of	of	ADP
cblr-7157	390	21	shareholders	shareholder	NOUN
cblr-7157	390	22	as	as	ADP
cblr-7157	390	23	mere	mere	ADJ
cblr-7157	390	24	risk	risk	NOUN
cblr-7157	390	25	-	-	PUNCT
cblr-7157	390	26	bearers	bearer	NOUN
cblr-7157	390	27	with	with	ADP
cblr-7157	390	28	an	an	DET
cblr-7157	390	29	actual	actual	ADJ
cblr-7157	390	30	series	series	NOUN
cblr-7157	390	31	of	of	ADP
cblr-7157	390	32	corporate	corporate	ADJ
cblr-7157	390	33	transactions	transaction	NOUN
cblr-7157	390	34	.	.	PUNCT
cblr-7157	391	1	the	the	DET
cblr-7157	391	2	nexus	nexus	NOUN
cblr-7157	391	3	of	of	ADP
cblr-7157	391	4	contracts	contract	NOUN
cblr-7157	391	5	model	model	NOUN
cblr-7157	391	6	is	be	AUX
cblr-7157	391	7	one	one	NUM
cblr-7157	391	8	in	in	ADP
cblr-7157	391	9	which	which	PRON
cblr-7157	391	10	“	"	PUNCT
cblr-7157	391	11	[	[	X
cblr-7157	391	12	c]ommon	c]ommon	NOUN
cblr-7157	391	13	shareholders	shareholder	NOUN
cblr-7157	391	14	sell	sell	VERB
cblr-7157	391	15	their	their	PRON
cblr-7157	391	16	risk	risk	NOUN
cblr-7157	391	17	bearing	bear	VERB
cblr-7157	391	18	services	service	NOUN
cblr-7157	391	19	to	to	ADP
cblr-7157	391	20	the	the	DET
cblr-7157	391	21	corporation	corporation	NOUN
cblr-7157	391	22	.	.	PUNCT
cblr-7157	392	1	”91	”91	NOUN
cblr-7157	392	2	this	this	PRON
cblr-7157	392	3	is	be	AUX
cblr-7157	392	4	helpful	helpful	ADJ
cblr-7157	392	5	as	as	ADP
cblr-7157	392	6	an	an	DET
cblr-7157	392	7	“	"	PUNCT
cblr-7157	392	8	as	as	ADP
cblr-7157	392	9	if	if	SCONJ
cblr-7157	392	10	”	"	PUNCT
cblr-7157	392	11	model	model	NOUN
cblr-7157	392	12	in	in	ADP
cblr-7157	392	13	economic	economic	ADJ
cblr-7157	392	14	analyses	analysis	NOUN
cblr-7157	392	15	,	,	PUNCT
cblr-7157	392	16	but	but	CCONJ
cblr-7157	392	17	from	from	ADP
cblr-7157	392	18	a	a	DET
cblr-7157	392	19	legal	legal	ADJ
cblr-7157	392	20	perspective	perspective	NOUN
cblr-7157	392	21	it	it	PRON
cblr-7157	392	22	runs	run	VERB
cblr-7157	392	23	into	into	ADP
cblr-7157	392	24	serious	serious	ADJ
cblr-7157	392	25	difficulties	difficulty	NOUN
cblr-7157	392	26	.	.	PUNCT
cblr-7157	393	1	the	the	DET
cblr-7157	393	2	perspective	perspective	NOUN
cblr-7157	393	3	of	of	ADP
cblr-7157	393	4	common	common	ADJ
cblr-7157	393	5	shareholders	shareholder	NOUN
cblr-7157	393	6	“	"	PUNCT
cblr-7157	393	7	selling	sell	VERB
cblr-7157	393	8	”	"	PUNCT
cblr-7157	393	9	risk	risk	NOUN
cblr-7157	393	10	-	-	PUNCT
cblr-7157	393	11	bearing	bear	VERB
cblr-7157	393	12	services	service	NOUN
cblr-7157	393	13	makes	make	VERB
cblr-7157	393	14	some	some	DET
cblr-7157	393	15	functional	functional	ADJ
cblr-7157	393	16	sense	sense	NOUN
cblr-7157	393	17	if	if	SCONJ
cblr-7157	393	18	the	the	DET
cblr-7157	393	19	public	public	ADJ
cblr-7157	393	20	corporation	corporation	NOUN
cblr-7157	393	21	is	be	AUX
cblr-7157	393	22	taken	take	VERB
cblr-7157	393	23	as	as	ADP
cblr-7157	393	24	a	a	DET
cblr-7157	393	25	given	give	VERB
cblr-7157	393	26	,	,	PUNCT
cblr-7157	393	27	but	but	CCONJ
cblr-7157	393	28	becomes	become	VERB
cblr-7157	393	29	incoherent	incoherent	ADJ
cblr-7157	393	30	when	when	SCONJ
cblr-7157	393	31	each	each	DET
cblr-7157	393	32	step	step	NOUN
cblr-7157	393	33	of	of	ADP
cblr-7157	393	34	the	the	DET
cblr-7157	393	35	analysis	analysis	NOUN
cblr-7157	393	36	is	be	AUX
cblr-7157	393	37	examined	examine	VERB
cblr-7157	393	38	incrementally	incrementally	ADV
cblr-7157	393	39	.	.	PUNCT
cblr-7157	394	1	the	the	DET
cblr-7157	394	2	point	point	NOUN
cblr-7157	394	3	is	be	AUX
cblr-7157	394	4	starkly	starkly	ADV
cblr-7157	394	5	made	make	VERB
cblr-7157	394	6	simply	simply	ADV
cblr-7157	394	7	by	by	ADP
cblr-7157	394	8	considering	consider	VERB
cblr-7157	394	9	a	a	DET
cblr-7157	394	10	new	new	ADJ
cblr-7157	394	11	business	business	NOUN
cblr-7157	394	12	run	run	VERB
cblr-7157	394	13	as	as	ADP
cblr-7157	394	14	a	a	DET
cblr-7157	394	15	sole	sole	ADJ
cblr-7157	394	16	proprietorship	proprietorship	NOUN
cblr-7157	394	17	.	.	PUNCT
cblr-7157	395	1	a	a	DET
cblr-7157	395	2	sole	sole	ADJ
cblr-7157	395	3	proprietorship	proprietorship	NOUN
cblr-7157	395	4	is	be	AUX
cblr-7157	395	5	as	as	ADV
cblr-7157	395	6	much	much	ADJ
cblr-7157	395	7	a	a	DET
cblr-7157	395	8	“	"	PUNCT
cblr-7157	395	9	firm	firm	NOUN
cblr-7157	395	10	”	"	PUNCT
cblr-7157	395	11	in	in	ADP
cblr-7157	395	12	the	the	DET
cblr-7157	395	13	economic	economic	ADJ
cblr-7157	395	14	sense	sense	NOUN
cblr-7157	395	15	as	as	SCONJ
cblr-7157	395	16	is	be	AUX
cblr-7157	395	17	a	a	DET
cblr-7157	395	18	corporation	corporation	NOUN
cblr-7157	395	19	,	,	PUNCT
cblr-7157	395	20	at	at	ADP
cblr-7157	395	21	least	least	ADJ
cblr-7157	395	22	if	if	SCONJ
cblr-7157	395	23	it	it	PRON
cblr-7157	395	24	has	have	VERB
cblr-7157	395	25	employees.92	employees.92	NOUN
cblr-7157	395	26	thus	thus	ADV
cblr-7157	395	27	,	,	PUNCT
cblr-7157	395	28	many	many	ADJ
cblr-7157	395	29	of	of	ADP
cblr-7157	395	30	the	the	DET
cblr-7157	395	31	arguments	argument	NOUN
cblr-7157	395	32	rooted	root	VERB
cblr-7157	395	33	in	in	ADP
cblr-7157	395	34	the	the	DET
cblr-7157	395	35	theory	theory	NOUN
cblr-7157	395	36	of	of	ADP
cblr-7157	395	37	the	the	DET
cblr-7157	395	38	firm	firm	NOUN
cblr-7157	395	39	about	about	ADP
cblr-7157	395	40	why	why	SCONJ
cblr-7157	395	41	a	a	DET
cblr-7157	395	42	public	public	ADJ
cblr-7157	395	43	corporation	corporation	NOUN
cblr-7157	395	44	is	be	AUX
cblr-7157	395	45	a	a	DET
cblr-7157	395	46	nexus	nexus	NOUN
cblr-7157	395	47	of	of	ADP
cblr-7157	395	48	contracts	contract	NOUN
cblr-7157	395	49	also	also	ADV
cblr-7157	395	50	applies	apply	VERB
cblr-7157	395	51	to	to	ADP
cblr-7157	395	52	other	other	ADJ
cblr-7157	395	53	business	business	NOUN
cblr-7157	395	54	forms	form	NOUN
cblr-7157	395	55	,	,	PUNCT
cblr-7157	395	56	such	such	ADJ
cblr-7157	395	57	as	as	ADP
cblr-7157	395	58	partnerships	partnership	NOUN
cblr-7157	395	59	,	,	PUNCT
cblr-7157	395	60	llcs	llcs	NOUN
cblr-7157	395	61	,	,	PUNCT
cblr-7157	395	62	and	and	CCONJ
cblr-7157	395	63	even	even	ADV
cblr-7157	395	64	sole	sole	ADJ
cblr-7157	395	65	proprietorships.93	proprietorships.93	NOUN
cblr-7157	395	66	in	in	ADP
cblr-7157	395	67	the	the	DET
cblr-7157	395	68	sole	sole	ADJ
cblr-7157	395	69	proprietor	proprietor	NOUN
cblr-7157	395	70	case	case	NOUN
cblr-7157	395	71	,	,	PUNCT
cblr-7157	395	72	all	all	PRON
cblr-7157	395	73	agree	agree	VERB
cblr-7157	395	74	that	that	SCONJ
cblr-7157	395	75	the	the	DET
cblr-7157	395	76	sole	sole	ADJ
cblr-7157	395	77	proprietor	proprietor	NOUN
cblr-7157	395	78	owns	own	VERB
cblr-7157	395	79	the	the	DET
cblr-7157	395	80	business	business	NOUN
cblr-7157	395	81	assets	asset	NOUN
cblr-7157	395	82	directly	directly	ADV
cblr-7157	395	83	.	.	PUNCT
cblr-7157	396	1	has	have	AUX
cblr-7157	396	2	the	the	DET
cblr-7157	396	3	sole	sole	ADJ
cblr-7157	396	4	proprietor	proprietor	NOUN
cblr-7157	396	5	sold	sell	VERB
cblr-7157	396	6	“	"	PUNCT
cblr-7157	396	7	risk	risk	NOUN
cblr-7157	396	8	bearing	bear	VERB
cblr-7157	396	9	services	service	NOUN
cblr-7157	396	10	”	"	PUNCT
cblr-7157	396	11	to	to	ADP
cblr-7157	396	12	the	the	DET
cblr-7157	396	13	proprietorship	proprietorship	NOUN
cblr-7157	396	14	?	?	PUNCT
cblr-7157	397	1	few	few	ADJ
cblr-7157	397	2	would	would	AUX
cblr-7157	397	3	argue	argue	VERB
cblr-7157	397	4	that	that	SCONJ
cblr-7157	397	5	she	she	PRON
cblr-7157	397	6	has	have	AUX
cblr-7157	397	7	,	,	PUNCT
cblr-7157	397	8	in	in	ADP
cblr-7157	397	9	part	part	NOUN
cblr-7157	397	10	because	because	SCONJ
cblr-7157	397	11	no	no	DET
cblr-7157	397	12	one	one	NOUN
cblr-7157	397	13	else	else	ADV
cblr-7157	397	14	has	have	VERB
cblr-7157	397	15	an	an	DET
cblr-7157	397	16	equity	equity	NOUN
cblr-7157	397	17	interest	interest	NOUN
cblr-7157	397	18	in	in	ADP
cblr-7157	397	19	the	the	DET
cblr-7157	397	20	business	business	NOUN
cblr-7157	397	21	.	.	PUNCT
cblr-7157	398	1	consider	consider	VERB
cblr-7157	398	2	then	then	ADV
cblr-7157	398	3	a	a	DET
cblr-7157	398	4	slightly	slightly	ADV
cblr-7157	398	5	stronger	strong	ADJ
cblr-7157	398	6	case	case	NOUN
cblr-7157	398	7	for	for	ADP
cblr-7157	398	8	viewing	view	VERB
cblr-7157	398	9	an	an	DET
cblr-7157	398	10	equity	equity	NOUN
cblr-7157	398	11	holder	holder	NOUN
cblr-7157	398	12	as	as	ADP
cblr-7157	398	13	“	"	PUNCT
cblr-7157	398	14	selling	sell	VERB
cblr-7157	398	15	risk	risk	NOUN
cblr-7157	398	16	bearing	bear	VERB
cblr-7157	398	17	services	service	NOUN
cblr-7157	398	18	,	,	PUNCT
cblr-7157	398	19	”	"	PUNCT
cblr-7157	398	20	as	as	SCONJ
cblr-7157	398	21	scholars	scholar	NOUN
cblr-7157	398	22	skeptical	skeptical	ADJ
cblr-7157	398	23	of	of	ADP
cblr-7157	398	24	corporate	corporate	ADJ
cblr-7157	398	25	ownership	ownership	NOUN
cblr-7157	398	26	describe	describe	VERB
cblr-7157	398	27	shareholders.94	shareholders.94	VERB
cblr-7157	398	28	the	the	DET
cblr-7157	398	29	sole	sole	ADJ
cblr-7157	398	30	joint	joint	ADJ
cblr-7157	398	31	owners	owner	NOUN
cblr-7157	398	32	)	)	PUNCT
cblr-7157	398	33	.	.	PUNCT
cblr-7157	399	1	velasco	velasco	PROPN
cblr-7157	399	2	rejects	reject	VERB
cblr-7157	399	3	this	this	DET
cblr-7157	399	4	“	"	PUNCT
cblr-7157	399	5	control	control	NOUN
cblr-7157	399	6	”	"	PUNCT
cblr-7157	399	7	argument	argument	NOUN
cblr-7157	399	8	as	as	ADP
cblr-7157	399	9	unpersuasive	unpersuasive	ADJ
cblr-7157	399	10	.	.	PUNCT
cblr-7157	400	1	i	i	PRON
cblr-7157	400	2	d.	d.	VERB
cblr-7157	400	3	at	at	ADP
cblr-7157	400	4	907–10	907–10	NUM
cblr-7157	400	5	.	.	PUNCT
cblr-7157	401	1	91	91	NUM
cblr-7157	401	2	henry	henry	PROPN
cblr-7157	401	3	n.	n.	PROPN
cblr-7157	401	4	butler	butler	PROPN
cblr-7157	401	5	,	,	PUNCT
cblr-7157	401	6	the	the	DET
cblr-7157	401	7	contractual	contractual	ADJ
cblr-7157	401	8	theory	theory	NOUN
cblr-7157	401	9	of	of	ADP
cblr-7157	401	10	the	the	DET
cblr-7157	401	11	corporation	corporation	NOUN
cblr-7157	401	12	,	,	PUNCT
cblr-7157	401	13	11	11	NUM
cblr-7157	401	14	geo	geo	PROPN
cblr-7157	401	15	.	.	PROPN
cblr-7157	401	16	mason	mason	PROPN
cblr-7157	401	17	l.	l.	PROPN
cblr-7157	401	18	rev	rev	PROPN
cblr-7157	401	19	.	.	PROPN
cblr-7157	401	20	99	99	NUM
cblr-7157	401	21	,	,	PUNCT
cblr-7157	401	22	107	107	NUM
cblr-7157	401	23	(	(	PUNCT
cblr-7157	401	24	1989	1989	NUM
cblr-7157	401	25	)	)	PUNCT
cblr-7157	401	26	.	.	PUNCT
cblr-7157	402	1	92	92	NUM
cblr-7157	402	2	see	see	VERB
cblr-7157	402	3	supra	supra	PROPN
cblr-7157	402	4	section	section	PROPN
cblr-7157	402	5	ii.a	ii.a	PROPN
cblr-7157	402	6	(	(	PUNCT
cblr-7157	402	7	explaining	explain	VERB
cblr-7157	402	8	that	that	SCONJ
cblr-7157	402	9	the	the	DET
cblr-7157	402	10	essence	essence	NOUN
cblr-7157	402	11	of	of	ADP
cblr-7157	402	12	the	the	DET
cblr-7157	402	13	coasean	coasean	ADJ
cblr-7157	402	14	firm	firm	NOUN
cblr-7157	402	15	was	be	AUX
cblr-7157	402	16	the	the	DET
cblr-7157	402	17	use	use	NOUN
cblr-7157	402	18	of	of	ADP
cblr-7157	402	19	hierarchy	hierarchy	NOUN
cblr-7157	402	20	or	or	CCONJ
cblr-7157	402	21	“	"	PUNCT
cblr-7157	402	22	fiat	fiat	NOUN
cblr-7157	402	23	”	"	PUNCT
cblr-7157	402	24	over	over	ADP
cblr-7157	402	25	employees	employee	NOUN
cblr-7157	402	26	,	,	PUNCT
cblr-7157	402	27	rather	rather	ADV
cblr-7157	402	28	than	than	ADP
cblr-7157	402	29	the	the	DET
cblr-7157	402	30	use	use	NOUN
cblr-7157	402	31	of	of	ADP
cblr-7157	402	32	the	the	DET
cblr-7157	402	33	market	market	NOUN
cblr-7157	402	34	)	)	PUNCT
cblr-7157	402	35	.	.	PUNCT
cblr-7157	403	1	93	93	NUM
cblr-7157	403	2	see	see	VERB
cblr-7157	403	3	velasco	velasco	PROPN
cblr-7157	403	4	,	,	PUNCT
cblr-7157	403	5	supra	supra	PROPN
cblr-7157	403	6	note	note	PROPN
cblr-7157	403	7	8	8	NUM
cblr-7157	403	8	,	,	PUNCT
cblr-7157	403	9	at	at	ADP
cblr-7157	403	10	921	921	NUM
cblr-7157	403	11	(	(	PUNCT
cblr-7157	403	12	“	"	PUNCT
cblr-7157	403	13	smaller	small	ADJ
cblr-7157	403	14	corporations	corporation	NOUN
cblr-7157	403	15	,	,	PUNCT
cblr-7157	403	16	closely	closely	ADV
cblr-7157	403	17	held	hold	VERB
cblr-7157	403	18	corporations	corporation	NOUN
cblr-7157	403	19	,	,	PUNCT
cblr-7157	403	20	limited	limited	ADJ
cblr-7157	403	21	liability	liability	NOUN
cblr-7157	403	22	companies	company	NOUN
cblr-7157	403	23	,	,	PUNCT
cblr-7157	403	24	partnerships	partnership	NOUN
cblr-7157	403	25	,	,	PUNCT
cblr-7157	403	26	even	even	ADV
cblr-7157	403	27	sole	sole	ADJ
cblr-7157	403	28	proprietorships	proprietorship	NOUN
cblr-7157	403	29	—	—	PUNCT
cblr-7157	403	30	all	all	PRON
cblr-7157	403	31	of	of	ADP
cblr-7157	403	32	them	they	PRON
cblr-7157	403	33	fall	fall	VERB
cblr-7157	403	34	within	within	ADP
cblr-7157	403	35	the	the	DET
cblr-7157	403	36	description	description	NOUN
cblr-7157	403	37	,	,	PUNCT
cblr-7157	403	38	nexus	nexus	NOUN
cblr-7157	403	39	of	of	ADP
cblr-7157	403	40	contracts	contract	NOUN
cblr-7157	403	41	.	.	PUNCT
cblr-7157	403	42	”	"	PUNCT
cblr-7157	403	43	)	)	PUNCT
cblr-7157	403	44	.	.	PUNCT
cblr-7157	404	1	94	94	NUM
cblr-7157	404	2	see	see	VERB
cblr-7157	404	3	,	,	PUNCT
cblr-7157	404	4	e.g.	e.g.	ADV
cblr-7157	404	5	,	,	PUNCT
cblr-7157	404	6	daniel	daniel	PROPN
cblr-7157	404	7	j.h	j.h	PROPN
cblr-7157	404	8	.	.	PROPN
cblr-7157	404	9	greenwood	greenwood	PROPN
cblr-7157	404	10	,	,	PUNCT
cblr-7157	404	11	fictional	fictional	ADJ
cblr-7157	404	12	shareholders	shareholder	NOUN
cblr-7157	404	13	:	:	PUNCT
cblr-7157	404	14	for	for	ADP
cblr-7157	404	15	whom	whom	PRON
cblr-7157	404	16	are	be	AUX
cblr-7157	404	17	corporate	corporate	ADJ
cblr-7157	404	18	managers	manager	NOUN
cblr-7157	404	19	trustees	trustee	NOUN
cblr-7157	404	20	,	,	PUNCT
cblr-7157	404	21	revisited	revisit	VERB
cblr-7157	404	22	,	,	PUNCT
cblr-7157	404	23	69	69	NUM
cblr-7157	404	24	s.	s.	PROPN
cblr-7157	404	25	cal	cal	PROPN
cblr-7157	404	26	.	.	PUNCT
cblr-7157	405	1	l.	l.	PROPN
cblr-7157	405	2	rev	rev	PROPN
cblr-7157	405	3	.	.	PROPN
cblr-7157	405	4	1021	1021	NUM
cblr-7157	405	5	,	,	PUNCT
cblr-7157	405	6	1034	1034	NUM
cblr-7157	405	7	n.24	n.24	PROPN
cblr-7157	405	8	(	(	PUNCT
cblr-7157	405	9	1996	1996	NUM
cblr-7157	405	10	)	)	PUNCT
cblr-7157	405	11	.	.	PUNCT
cblr-7157	406	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	406	2	(	(	PUNCT
cblr-7157	406	3	do	do	AUX
cblr-7157	406	4	not	not	PART
cblr-7157	406	5	delete	delete	VERB
cblr-7157	406	6	)	)	PUNCT
cblr-7157	406	7	10/2/2020	10/2/2020	NUM
cblr-7157	406	8	11:44	11:44	NUM
cblr-7157	406	9	am	be	AUX
cblr-7157	406	10	no	no	NOUN
cblr-7157	406	11	.	.	PUNCT
cblr-7157	406	12	1:1	1:1	NUM
cblr-7157	406	13	]	]	X
cblr-7157	406	14	a	a	DET
cblr-7157	406	15	property	property	NOUN
cblr-7157	406	16	theory	theory	NOUN
cblr-7157	406	17	29	29	NUM
cblr-7157	406	18	proprietor	proprietor	NOUN
cblr-7157	406	19	could	could	AUX
cblr-7157	406	20	theoretically	theoretically	ADV
cblr-7157	406	21	sell	sell	VERB
cblr-7157	406	22	a	a	DET
cblr-7157	406	23	1	1	NUM
cblr-7157	406	24	%	%	NOUN
cblr-7157	406	25	stake	stake	NOUN
cblr-7157	406	26	in	in	ADP
cblr-7157	406	27	the	the	DET
cblr-7157	406	28	underlying	underlie	VERB
cblr-7157	406	29	assets	asset	NOUN
cblr-7157	406	30	of	of	ADP
cblr-7157	406	31	the	the	DET
cblr-7157	406	32	business	business	NOUN
cblr-7157	406	33	to	to	ADP
cblr-7157	406	34	ninety	ninety	NUM
cblr-7157	406	35	-	-	PUNCT
cblr-7157	406	36	nine	nine	NUM
cblr-7157	406	37	investors	investor	NOUN
cblr-7157	406	38	,	,	PUNCT
cblr-7157	406	39	retaining	retain	VERB
cblr-7157	406	40	only	only	ADV
cblr-7157	406	41	1	1	NUM
cblr-7157	406	42	%	%	NOUN
cblr-7157	406	43	for	for	ADP
cblr-7157	406	44	themselves	themselves	PRON
cblr-7157	406	45	.	.	PUNCT
cblr-7157	407	1	without	without	ADP
cblr-7157	407	2	an	an	DET
cblr-7157	407	3	entity,95	entity,95	ADJ
cblr-7157	407	4	the	the	DET
cblr-7157	407	5	original	original	ADJ
cblr-7157	407	6	sole	sole	ADJ
cblr-7157	407	7	proprietor	proprietor	NOUN
cblr-7157	407	8	would	would	AUX
cblr-7157	407	9	still	still	ADV
cblr-7157	407	10	be	be	AUX
cblr-7157	407	11	a	a	DET
cblr-7157	407	12	co	co	NOUN
cblr-7157	407	13	-	-	NOUN
cblr-7157	407	14	owner	owner	NOUN
cblr-7157	407	15	of	of	ADP
cblr-7157	407	16	the	the	DET
cblr-7157	407	17	assets	asset	NOUN
cblr-7157	407	18	,	,	PUNCT
cblr-7157	407	19	not	not	PART
cblr-7157	407	20	a	a	DET
cblr-7157	407	21	contract	contract	NOUN
cblr-7157	407	22	claimant	claimant	NOUN
cblr-7157	407	23	.	.	PUNCT
cblr-7157	408	1	the	the	DET
cblr-7157	408	2	resulting	result	VERB
cblr-7157	408	3	structure	structure	NOUN
cblr-7157	408	4	would	would	AUX
cblr-7157	408	5	be	be	AUX
cblr-7157	408	6	a	a	DET
cblr-7157	408	7	mess	mess	NOUN
cblr-7157	408	8	,	,	PUNCT
cblr-7157	408	9	but	but	CCONJ
cblr-7157	408	10	it	it	PRON
cblr-7157	408	11	would	would	AUX
cblr-7157	408	12	be	be	AUX
cblr-7157	408	13	a	a	DET
cblr-7157	408	14	property	property	NOUN
cblr-7157	408	15	mess	mess	NOUN
cblr-7157	408	16	.	.	PUNCT
cblr-7157	409	1	if	if	SCONJ
cblr-7157	409	2	,	,	PUNCT
cblr-7157	409	3	on	on	ADP
cblr-7157	409	4	the	the	DET
cblr-7157	409	5	other	other	ADJ
cblr-7157	409	6	hand	hand	NOUN
cblr-7157	409	7	,	,	PUNCT
cblr-7157	409	8	the	the	DET
cblr-7157	409	9	original	original	ADJ
cblr-7157	409	10	100	100	NUM
cblr-7157	409	11	%	%	NOUN
cblr-7157	409	12	owner	owner	NOUN
cblr-7157	409	13	organized	organize	VERB
cblr-7157	409	14	a	a	DET
cblr-7157	409	15	corporation	corporation	NOUN
cblr-7157	409	16	and	and	CCONJ
cblr-7157	409	17	then	then	ADV
cblr-7157	409	18	sold	sell	VERB
cblr-7157	409	19	off	off	ADP
cblr-7157	409	20	the	the	DET
cblr-7157	409	21	1	1	NUM
cblr-7157	409	22	%	%	NOUN
cblr-7157	409	23	stakes	stake	NOUN
cblr-7157	409	24	,	,	PUNCT
cblr-7157	409	25	contract	contract	NOUN
cblr-7157	409	26	theorists	theorist	NOUN
cblr-7157	409	27	would	would	AUX
cblr-7157	409	28	be	be	AUX
cblr-7157	409	29	more	more	ADV
cblr-7157	409	30	likely	likely	ADJ
cblr-7157	409	31	to	to	PART
cblr-7157	409	32	see	see	VERB
cblr-7157	409	33	the	the	DET
cblr-7157	409	34	resulting	result	VERB
cblr-7157	409	35	structure	structure	NOUN
cblr-7157	409	36	as	as	ADP
cblr-7157	409	37	a	a	DET
cblr-7157	409	38	nexus	nexus	NOUN
cblr-7157	409	39	of	of	ADP
cblr-7157	409	40	contracts	contract	NOUN
cblr-7157	409	41	.	.	PUNCT
cblr-7157	410	1	what	what	PRON
cblr-7157	410	2	is	be	AUX
cblr-7157	410	3	the	the	DET
cblr-7157	410	4	difference	difference	NOUN
cblr-7157	410	5	between	between	ADP
cblr-7157	410	6	the	the	DET
cblr-7157	410	7	two	two	NUM
cblr-7157	410	8	scenarios	scenario	NOUN
cblr-7157	410	9	?	?	PUNCT
cblr-7157	411	1	the	the	DET
cblr-7157	411	2	difference	difference	NOUN
cblr-7157	411	3	is	be	AUX
cblr-7157	411	4	not	not	PART
cblr-7157	411	5	the	the	DET
cblr-7157	411	6	lack	lack	NOUN
cblr-7157	411	7	of	of	ADP
cblr-7157	411	8	control	control	NOUN
cblr-7157	411	9	by	by	ADP
cblr-7157	411	10	the	the	DET
cblr-7157	411	11	original	original	ADJ
cblr-7157	411	12	entrepreneur	entrepreneur	NOUN
cblr-7157	411	13	,	,	PUNCT
cblr-7157	411	14	because	because	SCONJ
cblr-7157	411	15	the	the	DET
cblr-7157	411	16	original	original	ADJ
cblr-7157	411	17	entrepreneur	entrepreneur	NOUN
cblr-7157	411	18	lost	lose	VERB
cblr-7157	411	19	control	control	NOUN
cblr-7157	411	20	in	in	ADP
cblr-7157	411	21	both	both	DET
cblr-7157	411	22	cases	case	NOUN
cblr-7157	411	23	.	.	PUNCT
cblr-7157	412	1	the	the	DET
cblr-7157	412	2	difference	difference	NOUN
cblr-7157	412	3	is	be	AUX
cblr-7157	412	4	the	the	DET
cblr-7157	412	5	creation	creation	NOUN
cblr-7157	412	6	of	of	ADP
cblr-7157	412	7	the	the	DET
cblr-7157	412	8	corporate	corporate	ADJ
cblr-7157	412	9	entity	entity	NOUN
cblr-7157	412	10	.	.	PUNCT
cblr-7157	413	1	yet	yet	ADV
cblr-7157	413	2	,	,	PUNCT
cblr-7157	413	3	according	accord	VERB
cblr-7157	413	4	to	to	ADP
cblr-7157	413	5	the	the	DET
cblr-7157	413	6	control	control	NOUN
cblr-7157	413	7	thesis	thesis	NOUN
cblr-7157	413	8	,	,	PUNCT
cblr-7157	413	9	the	the	DET
cblr-7157	413	10	wholly	wholly	ADV
cblr-7157	413	11	owned	own	VERB
cblr-7157	413	12	corporation	corporation	NOUN
cblr-7157	413	13	that	that	PRON
cblr-7157	413	14	resulted	result	VERB
cblr-7157	413	15	from	from	ADP
cblr-7157	413	16	incorporation	incorporation	NOUN
cblr-7157	413	17	would	would	AUX
cblr-7157	413	18	still	still	ADV
cblr-7157	413	19	have	have	VERB
cblr-7157	413	20	all	all	DET
cblr-7157	413	21	the	the	DET
cblr-7157	413	22	attributes	attribute	NOUN
cblr-7157	413	23	of	of	ADP
cblr-7157	413	24	property	property	NOUN
cblr-7157	413	25	in	in	ADP
cblr-7157	413	26	the	the	DET
cblr-7157	413	27	hands	hand	NOUN
cblr-7157	413	28	of	of	ADP
cblr-7157	413	29	the	the	DET
cblr-7157	413	30	100	100	NUM
cblr-7157	413	31	%	%	NOUN
cblr-7157	413	32	shareholder	shareholder	NOUN
cblr-7157	413	33	.	.	PUNCT
cblr-7157	414	1	if	if	SCONJ
cblr-7157	414	2	the	the	DET
cblr-7157	414	3	sole	sole	ADJ
cblr-7157	414	4	shareholder	shareholder	NOUN
cblr-7157	414	5	sold	sell	VERB
cblr-7157	414	6	off	off	ADP
cblr-7157	414	7	the	the	DET
cblr-7157	414	8	same	same	ADJ
cblr-7157	414	9	99	99	NUM
cblr-7157	414	10	%	%	NOUN
cblr-7157	414	11	interest	interest	NOUN
cblr-7157	414	12	(	(	PUNCT
cblr-7157	414	13	now	now	ADV
cblr-7157	414	14	in	in	ADP
cblr-7157	414	15	the	the	DET
cblr-7157	414	16	form	form	NOUN
cblr-7157	414	17	of	of	ADP
cblr-7157	414	18	corporate	corporate	ADJ
cblr-7157	414	19	shares	share	NOUN
cblr-7157	414	20	)	)	PUNCT
cblr-7157	414	21	,	,	PUNCT
cblr-7157	414	22	the	the	DET
cblr-7157	414	23	argument	argument	NOUN
cblr-7157	414	24	of	of	ADP
cblr-7157	414	25	the	the	DET
cblr-7157	414	26	control	control	NOUN
cblr-7157	414	27	thesis	thesis	NOUN
cblr-7157	414	28	would	would	AUX
cblr-7157	414	29	require	require	VERB
cblr-7157	414	30	that	that	SCONJ
cblr-7157	414	31	the	the	DET
cblr-7157	414	32	retained	retain	VERB
cblr-7157	414	33	1	1	NUM
cblr-7157	414	34	%	%	NOUN
cblr-7157	414	35	be	be	AUX
cblr-7157	414	36	transmuted	transmute	VERB
cblr-7157	414	37	from	from	ADP
cblr-7157	414	38	a	a	DET
cblr-7157	414	39	property	property	NOUN
cblr-7157	414	40	interest	interest	NOUN
cblr-7157	414	41	into	into	ADP
cblr-7157	414	42	a	a	DET
cblr-7157	414	43	contract	contract	NOUN
cblr-7157	414	44	right	right	NOUN
cblr-7157	414	45	.	.	PUNCT
cblr-7157	415	1	if	if	SCONJ
cblr-7157	415	2	there	there	PRON
cblr-7157	415	3	is	be	VERB
cblr-7157	415	4	an	an	DET
cblr-7157	415	5	event	event	NOUN
cblr-7157	415	6	that	that	PRON
cblr-7157	415	7	converts	convert	VERB
cblr-7157	415	8	property	property	NOUN
cblr-7157	415	9	interests	interest	NOUN
cblr-7157	415	10	into	into	ADP
cblr-7157	415	11	contract	contract	NOUN
cblr-7157	415	12	interests	interest	NOUN
cblr-7157	415	13	,	,	PUNCT
cblr-7157	415	14	it	it	PRON
cblr-7157	415	15	is	be	AUX
cblr-7157	415	16	incorporation	incorporation	NOUN
cblr-7157	415	17	itself	itself	PRON
cblr-7157	415	18	,	,	PUNCT
cblr-7157	415	19	but	but	CCONJ
cblr-7157	415	20	relying	rely	VERB
cblr-7157	415	21	on	on	ADP
cblr-7157	415	22	incorporation	incorporation	NOUN
cblr-7157	415	23	in	in	ADP
cblr-7157	415	24	this	this	DET
cblr-7157	415	25	way	way	NOUN
cblr-7157	415	26	defeats	defeat	VERB
cblr-7157	415	27	the	the	DET
cblr-7157	415	28	argument	argument	NOUN
cblr-7157	415	29	that	that	SCONJ
cblr-7157	415	30	control	control	NOUN
cblr-7157	415	31	is	be	AUX
cblr-7157	415	32	central	central	ADJ
cblr-7157	415	33	to	to	ADP
cblr-7157	415	34	shareholders	shareholder	NOUN
cblr-7157	415	35	’	’	PART
cblr-7157	415	36	ownership	ownership	NOUN
cblr-7157	415	37	interests	interest	NOUN
cblr-7157	415	38	.	.	PUNCT
cblr-7157	416	1	all	all	PRON
cblr-7157	416	2	of	of	ADP
cblr-7157	416	3	this	this	PRON
cblr-7157	416	4	displays	display	VERB
cblr-7157	416	5	the	the	DET
cblr-7157	416	6	weakness	weakness	NOUN
cblr-7157	416	7	of	of	ADP
cblr-7157	416	8	the	the	DET
cblr-7157	416	9	control	control	NOUN
cblr-7157	416	10	thesis	thesis	NOUN
cblr-7157	416	11	.	.	PUNCT
cblr-7157	417	1	the	the	DET
cblr-7157	417	2	practical	practical	ADJ
cblr-7157	417	3	inability	inability	NOUN
cblr-7157	417	4	to	to	PART
cblr-7157	417	5	exercise	exercise	VERB
cblr-7157	417	6	a	a	DET
cblr-7157	417	7	property	property	NOUN
cblr-7157	417	8	right	right	NOUN
cblr-7157	417	9	does	do	AUX
cblr-7157	417	10	not	not	PART
cblr-7157	417	11	convert	convert	VERB
cblr-7157	417	12	it	it	PRON
cblr-7157	417	13	into	into	ADP
cblr-7157	417	14	a	a	DET
cblr-7157	417	15	contract	contract	NOUN
cblr-7157	417	16	right	right	NOUN
cblr-7157	417	17	.	.	PUNCT
cblr-7157	418	1	if	if	SCONJ
cblr-7157	418	2	dividing	divide	VERB
cblr-7157	418	3	ownership	ownership	NOUN
cblr-7157	418	4	of	of	ADP
cblr-7157	418	5	property	property	NOUN
cblr-7157	418	6	into	into	ADP
cblr-7157	418	7	many	many	ADJ
cblr-7157	418	8	hands	hand	NOUN
cblr-7157	418	9	(	(	PUNCT
cblr-7157	418	10	thereby	thereby	ADV
cblr-7157	418	11	eliminating	eliminate	VERB
cblr-7157	418	12	effective	effective	ADJ
cblr-7157	418	13	control	control	NOUN
cblr-7157	418	14	)	)	PUNCT
cblr-7157	418	15	can	can	AUX
cblr-7157	418	16	convert	convert	VERB
cblr-7157	418	17	property	property	NOUN
cblr-7157	418	18	rights	right	NOUN
cblr-7157	418	19	into	into	ADP
cblr-7157	418	20	contract	contract	NOUN
cblr-7157	418	21	rights	right	NOUN
cblr-7157	418	22	,	,	PUNCT
cblr-7157	418	23	then	then	ADV
cblr-7157	418	24	presumably	presumably	ADV
cblr-7157	418	25	reunifying	reunify	VERB
cblr-7157	418	26	splintered	splintered	ADJ
cblr-7157	418	27	contract	contract	NOUN
cblr-7157	418	28	rights	right	NOUN
cblr-7157	418	29	into	into	ADP
cblr-7157	418	30	a	a	DET
cblr-7157	418	31	single	single	ADJ
cblr-7157	418	32	owner	owner	NOUN
cblr-7157	418	33	would	would	AUX
cblr-7157	418	34	convert	convert	VERB
cblr-7157	418	35	them	they	PRON
cblr-7157	418	36	into	into	ADP
cblr-7157	418	37	property	property	NOUN
cblr-7157	418	38	.	.	PUNCT
cblr-7157	419	1	accepting	accept	VERB
cblr-7157	419	2	that	that	DET
cblr-7157	419	3	premise	premise	NOUN
cblr-7157	419	4	,	,	PUNCT
cblr-7157	419	5	shares	share	NOUN
cblr-7157	419	6	held	hold	VERB
cblr-7157	419	7	by	by	ADP
cblr-7157	419	8	a	a	DET
cblr-7157	419	9	single	single	ADJ
cblr-7157	419	10	shareholder	shareholder	NOUN
cblr-7157	419	11	could	could	AUX
cblr-7157	419	12	flip	flip	VERB
cblr-7157	419	13	back	back	ADV
cblr-7157	419	14	and	and	CCONJ
cblr-7157	419	15	forth	forth	ADV
cblr-7157	419	16	between	between	ADP
cblr-7157	419	17	being	be	AUX
cblr-7157	419	18	construed	construe	VERB
cblr-7157	419	19	as	as	ADP
cblr-7157	419	20	representing	represent	VERB
cblr-7157	419	21	contract	contract	NOUN
cblr-7157	419	22	and	and	CCONJ
cblr-7157	419	23	property	property	NOUN
cblr-7157	419	24	interests	interest	NOUN
cblr-7157	419	25	as	as	SCONJ
cblr-7157	419	26	other	other	ADJ
cblr-7157	419	27	shareholders	shareholder	NOUN
cblr-7157	419	28	traded	trade	VERB
cblr-7157	419	29	their	their	PRON
cblr-7157	419	30	shares	share	NOUN
cblr-7157	419	31	.	.	PUNCT
cblr-7157	420	1	however	however	ADV
cblr-7157	420	2	,	,	PUNCT
cblr-7157	420	3	such	such	DET
cblr-7157	420	4	a	a	DET
cblr-7157	420	5	property	property	NOUN
cblr-7157	420	6	-	-	PUNCT
cblr-7157	420	7	contract	contract	NOUN
cblr-7157	420	8	conversion	conversion	NOUN
cblr-7157	420	9	does	do	AUX
cblr-7157	420	10	not	not	PART
cblr-7157	420	11	generally	generally	ADV
cblr-7157	420	12	result	result	VERB
cblr-7157	420	13	when	when	SCONJ
cblr-7157	420	14	95	95	NUM
cblr-7157	420	15	such	such	DET
cblr-7157	420	16	an	an	DET
cblr-7157	420	17	arrangement	arrangement	NOUN
cblr-7157	420	18	likely	likely	ADV
cblr-7157	420	19	would	would	AUX
cblr-7157	420	20	constitute	constitute	VERB
cblr-7157	420	21	a	a	DET
cblr-7157	420	22	general	general	ADJ
cblr-7157	420	23	partnership	partnership	NOUN
cblr-7157	420	24	,	,	PUNCT
cblr-7157	420	25	which	which	PRON
cblr-7157	420	26	is	be	AUX
cblr-7157	420	27	created	create	VERB
cblr-7157	420	28	when	when	SCONJ
cblr-7157	420	29	there	there	PRON
cblr-7157	420	30	is	be	VERB
cblr-7157	420	31	“	"	PUNCT
cblr-7157	420	32	an	an	DET
cblr-7157	420	33	association	association	NOUN
cblr-7157	420	34	of	of	ADP
cblr-7157	420	35	two	two	NUM
cblr-7157	420	36	or	or	CCONJ
cblr-7157	420	37	more	more	ADJ
cblr-7157	420	38	persons	person	NOUN
cblr-7157	420	39	to	to	PART
cblr-7157	420	40	carry	carry	VERB
cblr-7157	420	41	on	on	ADP
cblr-7157	420	42	as	as	ADP
cblr-7157	420	43	co	co	NOUN
cblr-7157	420	44	-	-	NOUN
cblr-7157	420	45	owners	owner	NOUN
cblr-7157	420	46	of	of	ADP
cblr-7157	420	47	a	a	DET
cblr-7157	420	48	business	business	NOUN
cblr-7157	420	49	for	for	ADP
cblr-7157	420	50	profit	profit	NOUN
cblr-7157	420	51	.	.	PUNCT
cblr-7157	420	52	”	"	PUNCT
cblr-7157	421	1	unif	unif	ADJ
cblr-7157	421	2	.	.	PUNCT
cblr-7157	422	1	p’ship	p’ship	NOUN
cblr-7157	422	2	act	act	NOUN
cblr-7157	422	3	§	§	PROPN
cblr-7157	422	4	102(11	102(11	NUM
cblr-7157	422	5	)	)	PUNCT
cblr-7157	422	6	(	(	PUNCT
cblr-7157	422	7	nat’l	nat’l	NUM
cblr-7157	422	8	conference	conference	NOUN
cblr-7157	422	9	of	of	ADP
cblr-7157	422	10	comm’rs	comm’rs	PROPN
cblr-7157	422	11	on	on	ADP
cblr-7157	422	12	unif	unif	NOUN
cblr-7157	422	13	.	.	PUNCT
cblr-7157	423	1	state	state	NOUN
cblr-7157	423	2	laws	law	NOUN
cblr-7157	423	3	2013	2013	NUM
cblr-7157	423	4	)	)	PUNCT
cblr-7157	423	5	.	.	PUNCT
cblr-7157	424	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	424	2	(	(	PUNCT
cblr-7157	424	3	do	do	AUX
cblr-7157	424	4	not	not	PART
cblr-7157	424	5	delte	delte	VERB
cblr-7157	424	6	)	)	PUNCT
cblr-7157	424	7	10/2/2020	10/2/2020	NUM
cblr-7157	424	8	11:44	11:44	NUM
cblr-7157	424	9	am	am	NOUN
cblr-7157	424	10	30	30	NUM
cblr-7157	424	11	columbia	columbia	PROPN
cblr-7157	424	12	business	business	NOUN
cblr-7157	424	13	law	law	PROPN
cblr-7157	424	14	review	review	NOUN
cblr-7157	425	1	[	[	X
cblr-7157	425	2	vol	vol	NOUN
cblr-7157	425	3	.	.	PUNCT
cblr-7157	425	4	2020	2020	NUM
cblr-7157	425	5	property	property	NOUN
cblr-7157	425	6	is	be	AUX
cblr-7157	425	7	divided	divide	VERB
cblr-7157	425	8	or	or	CCONJ
cblr-7157	425	9	when	when	SCONJ
cblr-7157	425	10	contract	contract	NOUN
cblr-7157	425	11	rights	right	NOUN
cblr-7157	425	12	held	hold	VERB
cblr-7157	425	13	by	by	ADP
cblr-7157	425	14	many	many	ADJ
cblr-7157	425	15	parties	party	NOUN
cblr-7157	425	16	are	be	AUX
cblr-7157	425	17	unified	unify	VERB
cblr-7157	425	18	in	in	ADP
cblr-7157	425	19	one	one	NUM
cblr-7157	425	20	person	person	NOUN
cblr-7157	425	21	’s	’s	PART
cblr-7157	425	22	hands	hand	NOUN
cblr-7157	425	23	.	.	PUNCT
cblr-7157	426	1	the	the	DET
cblr-7157	426	2	owners	owner	NOUN
cblr-7157	426	3	of	of	ADP
cblr-7157	426	4	property	property	NOUN
cblr-7157	426	5	can	can	AUX
cblr-7157	426	6	divide	divide	VERB
cblr-7157	426	7	ownership	ownership	NOUN
cblr-7157	426	8	into	into	ADP
cblr-7157	426	9	as	as	ADV
cblr-7157	426	10	many	many	ADJ
cblr-7157	426	11	pieces	piece	NOUN
cblr-7157	426	12	as	as	SCONJ
cblr-7157	426	13	they	they	PRON
cblr-7157	426	14	desire	desire	VERB
cblr-7157	426	15	without	without	ADP
cblr-7157	426	16	converting	convert	VERB
cblr-7157	426	17	the	the	DET
cblr-7157	426	18	property	property	NOUN
cblr-7157	426	19	rights	right	NOUN
cblr-7157	426	20	into	into	ADP
cblr-7157	426	21	contract	contract	NOUN
cblr-7157	426	22	.	.	PUNCT
cblr-7157	427	1	because	because	SCONJ
cblr-7157	427	2	merely	merely	ADV
cblr-7157	427	3	dividing	divide	VERB
cblr-7157	427	4	property	property	NOUN
cblr-7157	427	5	into	into	ADP
cblr-7157	427	6	widely	widely	ADV
cblr-7157	427	7	held	hold	VERB
cblr-7157	427	8	shares	share	NOUN
cblr-7157	427	9	does	do	AUX
cblr-7157	427	10	not	not	PART
cblr-7157	427	11	transmute	transmute	VERB
cblr-7157	427	12	property	property	NOUN
cblr-7157	427	13	interests	interest	NOUN
cblr-7157	427	14	into	into	ADP
cblr-7157	427	15	contract	contract	NOUN
cblr-7157	427	16	rights	right	NOUN
cblr-7157	427	17	,	,	PUNCT
cblr-7157	427	18	a	a	DET
cblr-7157	427	19	shareholder	shareholder	NOUN
cblr-7157	427	20	of	of	ADP
cblr-7157	427	21	a	a	DET
cblr-7157	427	22	widely	widely	ADV
cblr-7157	427	23	held	hold	VERB
cblr-7157	427	24	corporation	corporation	NOUN
cblr-7157	427	25	holds	hold	VERB
cblr-7157	427	26	the	the	DET
cblr-7157	427	27	same	same	ADJ
cblr-7157	427	28	type	type	NOUN
cblr-7157	427	29	of	of	ADP
cblr-7157	427	30	interest	interest	NOUN
cblr-7157	427	31	as	as	ADP
cblr-7157	427	32	a	a	DET
cblr-7157	427	33	shareholder	shareholder	NOUN
cblr-7157	427	34	of	of	ADP
cblr-7157	427	35	a	a	DET
cblr-7157	427	36	closely	closely	ADV
cblr-7157	427	37	held	hold	VERB
cblr-7157	427	38	corporation	corporation	NOUN
cblr-7157	427	39	.	.	PUNCT
cblr-7157	428	1	in	in	ADP
cblr-7157	428	2	other	other	ADJ
cblr-7157	428	3	words	word	NOUN
cblr-7157	428	4	,	,	PUNCT
cblr-7157	428	5	if	if	SCONJ
cblr-7157	428	6	a	a	DET
cblr-7157	428	7	corporation	corporation	NOUN
cblr-7157	428	8	with	with	ADP
cblr-7157	428	9	one	one	NUM
cblr-7157	428	10	shareholder	shareholder	NOUN
cblr-7157	428	11	is	be	AUX
cblr-7157	428	12	owned	own	VERB
cblr-7157	428	13	by	by	ADP
cblr-7157	428	14	its	its	PRON
cblr-7157	428	15	shareholder	shareholder	NOUN
cblr-7157	428	16	,	,	PUNCT
cblr-7157	428	17	then	then	ADV
cblr-7157	428	18	all	all	DET
cblr-7157	428	19	corporations	corporation	NOUN
cblr-7157	428	20	are	be	AUX
cblr-7157	428	21	owned	own	VERB
cblr-7157	428	22	by	by	ADP
cblr-7157	428	23	shareholders	shareholder	NOUN
cblr-7157	428	24	.	.	PUNCT
cblr-7157	429	1	and	and	CCONJ
cblr-7157	429	2	if	if	SCONJ
cblr-7157	429	3	a	a	DET
cblr-7157	429	4	widely	widely	ADV
cblr-7157	429	5	held	hold	VERB
cblr-7157	429	6	corporation	corporation	NOUN
cblr-7157	429	7	is	be	AUX
cblr-7157	429	8	merely	merely	ADV
cblr-7157	429	9	a	a	DET
cblr-7157	429	10	nexus	nexus	NOUN
cblr-7157	429	11	of	of	ADP
cblr-7157	429	12	contract	contract	NOUN
cblr-7157	429	13	rights	right	NOUN
cblr-7157	429	14	,	,	PUNCT
cblr-7157	429	15	then	then	ADV
cblr-7157	429	16	so	so	ADV
cblr-7157	429	17	is	be	AUX
cblr-7157	429	18	the	the	DET
cblr-7157	429	19	corporation	corporation	NOUN
cblr-7157	429	20	with	with	ADP
cblr-7157	429	21	one	one	NUM
cblr-7157	429	22	shareholder	shareholder	NOUN
cblr-7157	429	23	who	who	PRON
cblr-7157	429	24	holds	hold	VERB
cblr-7157	429	25	100	100	NUM
cblr-7157	429	26	%	%	NOUN
cblr-7157	429	27	of	of	ADP
cblr-7157	429	28	the	the	DET
cblr-7157	429	29	corporation	corporation	NOUN
cblr-7157	429	30	’s	’s	PART
cblr-7157	429	31	shares	share	NOUN
cblr-7157	429	32	.	.	PUNCT
cblr-7157	430	1	incorporation	incorporation	NOUN
cblr-7157	430	2	itself	itself	PRON
cblr-7157	430	3	is	be	AUX
cblr-7157	430	4	the	the	DET
cblr-7157	430	5	only	only	ADJ
cblr-7157	430	6	event	event	NOUN
cblr-7157	430	7	that	that	PRON
cblr-7157	430	8	could	could	AUX
cblr-7157	430	9	convert	convert	VERB
cblr-7157	430	10	property	property	NOUN
cblr-7157	430	11	rights	right	NOUN
cblr-7157	430	12	into	into	ADP
cblr-7157	430	13	contract	contract	NOUN
cblr-7157	430	14	rights	right	NOUN
cblr-7157	430	15	,	,	PUNCT
cblr-7157	430	16	yet	yet	CCONJ
cblr-7157	430	17	incorporation	incorporation	NOUN
cblr-7157	430	18	is	be	AUX
cblr-7157	430	19	not	not	PART
cblr-7157	430	20	viewed	view	VERB
cblr-7157	430	21	as	as	ADP
cblr-7157	430	22	making	make	VERB
cblr-7157	430	23	that	that	DET
cblr-7157	430	24	transformation	transformation	NOUN
cblr-7157	430	25	,	,	PUNCT
cblr-7157	430	26	and	and	CCONJ
cblr-7157	430	27	such	such	DET
cblr-7157	430	28	an	an	DET
cblr-7157	430	29	explanation	explanation	NOUN
cblr-7157	430	30	would	would	AUX
cblr-7157	430	31	conflict	conflict	VERB
cblr-7157	430	32	with	with	ADP
cblr-7157	430	33	the	the	DET
cblr-7157	430	34	control	control	NOUN
cblr-7157	430	35	thesis	thesis	NOUN
cblr-7157	430	36	.	.	PUNCT
cblr-7157	431	1	another	another	DET
cblr-7157	431	2	argument	argument	NOUN
cblr-7157	431	3	against	against	ADP
cblr-7157	431	4	property	property	NOUN
cblr-7157	431	5	rights	right	NOUN
cblr-7157	431	6	in	in	ADP
cblr-7157	431	7	the	the	DET
cblr-7157	431	8	corporation	corporation	NOUN
cblr-7157	431	9	relies	rely	VERB
cblr-7157	431	10	not	not	PART
cblr-7157	431	11	on	on	ADP
cblr-7157	431	12	the	the	DET
cblr-7157	431	13	number	number	NOUN
cblr-7157	431	14	of	of	ADP
cblr-7157	431	15	shares	share	NOUN
cblr-7157	431	16	into	into	ADP
cblr-7157	431	17	which	which	PRON
cblr-7157	431	18	equity	equity	NOUN
cblr-7157	431	19	is	be	AUX
cblr-7157	431	20	sliced	slice	VERB
cblr-7157	431	21	,	,	PUNCT
cblr-7157	431	22	but	but	CCONJ
cblr-7157	431	23	on	on	ADP
cblr-7157	431	24	the	the	DET
cblr-7157	431	25	necessity	necessity	NOUN
cblr-7157	431	26	of	of	ADP
cblr-7157	431	27	many	many	ADJ
cblr-7157	431	28	different	different	ADJ
cblr-7157	431	29	types	type	NOUN
cblr-7157	431	30	of	of	ADP
cblr-7157	431	31	inputs	input	NOUN
cblr-7157	431	32	to	to	ADP
cblr-7157	431	33	production	production	NOUN
cblr-7157	431	34	.	.	PUNCT
cblr-7157	432	1	any	any	DET
cblr-7157	432	2	business	business	NOUN
cblr-7157	432	3	corporation	corporation	NOUN
cblr-7157	432	4	depends	depend	VERB
cblr-7157	432	5	on	on	ADP
cblr-7157	432	6	the	the	DET
cblr-7157	432	7	contributions	contribution	NOUN
cblr-7157	432	8	of	of	ADP
cblr-7157	432	9	many	many	ADJ
cblr-7157	432	10	constituents	constituent	NOUN
cblr-7157	432	11	.	.	PUNCT
cblr-7157	433	1	some	some	DET
cblr-7157	433	2	contribute	contribute	VERB
cblr-7157	433	3	property	property	NOUN
cblr-7157	433	4	,	,	PUNCT
cblr-7157	433	5	some	some	DET
cblr-7157	433	6	contribute	contribute	ADJ
cblr-7157	433	7	labor	labor	NOUN
cblr-7157	433	8	,	,	PUNCT
cblr-7157	433	9	others	other	NOUN
cblr-7157	433	10	contribute	contribute	VERB
cblr-7157	433	11	capital	capital	NOUN
cblr-7157	433	12	.	.	PUNCT
cblr-7157	434	1	each	each	PRON
cblr-7157	434	2	of	of	ADP
cblr-7157	434	3	them	they	PRON
cblr-7157	434	4	expects	expect	VERB
cblr-7157	434	5	to	to	PART
cblr-7157	434	6	be	be	AUX
cblr-7157	434	7	compensated	compensate	VERB
cblr-7157	434	8	for	for	ADP
cblr-7157	434	9	their	their	PRON
cblr-7157	434	10	contribution	contribution	NOUN
cblr-7157	434	11	,	,	PUNCT
cblr-7157	434	12	and	and	CCONJ
cblr-7157	434	13	each	each	PRON
cblr-7157	434	14	of	of	ADP
cblr-7157	434	15	them	they	PRON
cblr-7157	434	16	is	be	AUX
cblr-7157	434	17	necessary	necessary	ADJ
cblr-7157	434	18	to	to	PART
cblr-7157	434	19	conduct	conduct	VERB
cblr-7157	434	20	the	the	DET
cblr-7157	434	21	business	business	NOUN
cblr-7157	434	22	.	.	PUNCT
cblr-7157	435	1	therefore	therefore	ADV
cblr-7157	435	2	,	,	PUNCT
cblr-7157	435	3	one	one	PRON
cblr-7157	435	4	might	might	AUX
cblr-7157	435	5	conclude	conclude	VERB
cblr-7157	435	6	that	that	SCONJ
cblr-7157	435	7	because	because	SCONJ
cblr-7157	435	8	several	several	ADJ
cblr-7157	435	9	different	different	ADJ
cblr-7157	435	10	contributions	contribution	NOUN
cblr-7157	435	11	are	be	AUX
cblr-7157	435	12	jointly	jointly	ADV
cblr-7157	435	13	necessary	necessary	ADJ
cblr-7157	435	14	for	for	ADP
cblr-7157	435	15	production	production	NOUN
cblr-7157	435	16	,	,	PUNCT
cblr-7157	435	17	no	no	DET
cblr-7157	435	18	single	single	ADJ
cblr-7157	435	19	input	input	NOUN
cblr-7157	435	20	(	(	PUNCT
cblr-7157	435	21	such	such	ADJ
cblr-7157	435	22	as	as	ADP
cblr-7157	435	23	the	the	DET
cblr-7157	435	24	capital	capital	NOUN
cblr-7157	435	25	input	input	NOUN
cblr-7157	435	26	of	of	ADP
cblr-7157	435	27	common	common	ADJ
cblr-7157	435	28	stock	stock	NOUN
cblr-7157	435	29	)	)	PUNCT
cblr-7157	435	30	can	can	AUX
cblr-7157	435	31	claim	claim	VERB
cblr-7157	435	32	ownership	ownership	NOUN
cblr-7157	435	33	of	of	ADP
cblr-7157	435	34	the	the	DET
cblr-7157	435	35	corporation.96	corporation.96	PROPN
cblr-7157	435	36	indeed	indeed	ADV
cblr-7157	435	37	,	,	PUNCT
cblr-7157	435	38	one	one	PRON
cblr-7157	435	39	might	might	AUX
cblr-7157	435	40	think	think	VERB
cblr-7157	435	41	that	that	SCONJ
cblr-7157	435	42	the	the	DET
cblr-7157	435	43	contribution	contribution	NOUN
cblr-7157	435	44	of	of	ADP
cblr-7157	435	45	shareholders	shareholder	NOUN
cblr-7157	435	46	is	be	AUX
cblr-7157	435	47	less	less	ADV
cblr-7157	435	48	essential	essential	ADJ
cblr-7157	435	49	than	than	ADP
cblr-7157	435	50	others	other	NOUN
cblr-7157	435	51	because	because	SCONJ
cblr-7157	435	52	capital	capital	NOUN
cblr-7157	435	53	is	be	AUX
cblr-7157	435	54	fungible	fungible	ADJ
cblr-7157	435	55	.	.	PUNCT
cblr-7157	436	1	this	this	DET
cblr-7157	436	2	argument	argument	NOUN
cblr-7157	436	3	falls	fall	VERB
cblr-7157	436	4	apart	apart	ADV
cblr-7157	436	5	by	by	ADP
cblr-7157	436	6	a	a	DET
cblr-7157	436	7	logic	logic	NOUN
cblr-7157	436	8	similar	similar	ADJ
cblr-7157	436	9	to	to	ADP
cblr-7157	436	10	that	that	PRON
cblr-7157	436	11	applied	apply	VERB
cblr-7157	436	12	to	to	ADP
cblr-7157	436	13	the	the	DET
cblr-7157	436	14	control	control	NOUN
cblr-7157	436	15	thesis	thesis	NOUN
cblr-7157	436	16	.	.	PUNCT
cblr-7157	437	1	consider	consider	VERB
cblr-7157	437	2	a	a	DET
cblr-7157	437	3	newly	newly	ADV
cblr-7157	437	4	formed	form	VERB
cblr-7157	437	5	corporation	corporation	NOUN
cblr-7157	437	6	that	that	PRON
cblr-7157	437	7	has	have	VERB
cblr-7157	437	8	no	no	DET
cblr-7157	437	9	operations	operation	NOUN
cblr-7157	437	10	;	;	PUNCT
cblr-7157	437	11	such	such	DET
cblr-7157	437	12	a	a	DET
cblr-7157	437	13	corporation	corporation	NOUN
cblr-7157	437	14	has	have	VERB
cblr-7157	437	15	no	no	DET
cblr-7157	437	16	inputs	input	NOUN
cblr-7157	437	17	other	other	ADJ
cblr-7157	437	18	than	than	ADP
cblr-7157	437	19	capital	capital	NOUN
cblr-7157	437	20	from	from	ADP
cblr-7157	437	21	common	common	ADJ
cblr-7157	437	22	shareholders	shareholder	NOUN
cblr-7157	437	23	.	.	PUNCT
cblr-7157	438	1	as	as	ADP
cblr-7157	438	2	a	a	DET
cblr-7157	438	3	result	result	NOUN
cblr-7157	438	4	,	,	PUNCT
cblr-7157	438	5	there	there	PRON
cblr-7157	438	6	is	be	VERB
cblr-7157	438	7	no	no	DET
cblr-7157	438	8	argument	argument	NOUN
cblr-7157	438	9	that	that	SCONJ
cblr-7157	438	10	anyone	anyone	PRON
cblr-7157	438	11	but	but	CCONJ
cblr-7157	438	12	shareholders	shareholder	NOUN
cblr-7157	438	13	hold	hold	VERB
cblr-7157	438	14	an	an	DET
cblr-7157	438	15	ownership	ownership	NOUN
cblr-7157	438	16	interest	interest	NOUN
cblr-7157	438	17	in	in	ADP
cblr-7157	438	18	the	the	DET
cblr-7157	438	19	corporation	corporation	NOUN
cblr-7157	438	20	.	.	PUNCT
cblr-7157	439	1	as	as	SCONJ
cblr-7157	439	2	the	the	DET
cblr-7157	439	3	corporation	corporation	NOUN
cblr-7157	439	4	grows	grow	VERB
cblr-7157	439	5	,	,	PUNCT
cblr-7157	439	6	employees	employee	NOUN
cblr-7157	439	7	are	be	AUX
cblr-7157	439	8	hired	hire	VERB
cblr-7157	439	9	,	,	PUNCT
cblr-7157	439	10	and	and	CCONJ
cblr-7157	439	11	contracts	contract	NOUN
cblr-7157	439	12	are	be	AUX
cblr-7157	439	13	made	make	VERB
cblr-7157	439	14	with	with	ADP
cblr-7157	439	15	suppliers	supplier	NOUN
cblr-7157	439	16	and	and	CCONJ
cblr-7157	439	17	96	96	NUM
cblr-7157	439	18	see	see	NOUN
cblr-7157	439	19	greenfield	greenfield	NOUN
cblr-7157	439	20	,	,	PUNCT
cblr-7157	439	21	supra	supra	PROPN
cblr-7157	439	22	note	note	NOUN
cblr-7157	439	23	72	72	NUM
cblr-7157	439	24	,	,	PUNCT
cblr-7157	439	25	at	at	ADP
cblr-7157	439	26	46	46	NUM
cblr-7157	439	27	.	.	PUNCT
cblr-7157	440	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	440	2	(	(	PUNCT
cblr-7157	440	3	do	do	AUX
cblr-7157	440	4	not	not	PART
cblr-7157	440	5	delete	delete	VERB
cblr-7157	440	6	)	)	PUNCT
cblr-7157	440	7	10/2/2020	10/2/2020	NUM
cblr-7157	440	8	11:44	11:44	NUM
cblr-7157	440	9	am	be	AUX
cblr-7157	440	10	no	no	NOUN
cblr-7157	440	11	.	.	PUNCT
cblr-7157	440	12	1:1	1:1	NUM
cblr-7157	440	13	]	]	X
cblr-7157	440	14	a	a	DET
cblr-7157	440	15	property	property	NOUN
cblr-7157	440	16	theory	theory	NOUN
cblr-7157	440	17	31	31	NUM
cblr-7157	440	18	customers	customer	NOUN
cblr-7157	440	19	,	,	PUNCT
cblr-7157	440	20	do	do	VERB
cblr-7157	440	21	the	the	DET
cblr-7157	440	22	ownership	ownership	NOUN
cblr-7157	440	23	interests	interest	NOUN
cblr-7157	440	24	of	of	ADP
cblr-7157	440	25	the	the	DET
cblr-7157	440	26	shareholders	shareholder	NOUN
cblr-7157	440	27	thereby	thereby	ADV
cblr-7157	440	28	convert	convert	VERB
cblr-7157	440	29	into	into	ADP
cblr-7157	440	30	contract	contract	NOUN
cblr-7157	440	31	rights	right	NOUN
cblr-7157	440	32	?	?	PUNCT
cblr-7157	441	1	the	the	DET
cblr-7157	441	2	flaw	flaw	NOUN
cblr-7157	441	3	in	in	ADP
cblr-7157	441	4	this	this	DET
cblr-7157	441	5	argument	argument	NOUN
cblr-7157	441	6	is	be	AUX
cblr-7157	441	7	in	in	ADP
cblr-7157	441	8	confusing	confuse	VERB
cblr-7157	441	9	a	a	DET
cblr-7157	441	10	business	business	NOUN
cblr-7157	441	11	with	with	ADP
cblr-7157	441	12	a	a	DET
cblr-7157	441	13	corporation	corporation	NOUN
cblr-7157	441	14	.	.	PUNCT
cblr-7157	442	1	it	it	PRON
cblr-7157	442	2	is	be	AUX
cblr-7157	442	3	true	true	ADJ
cblr-7157	442	4	that	that	SCONJ
cblr-7157	442	5	a	a	DET
cblr-7157	442	6	business	business	NOUN
cblr-7157	442	7	is	be	AUX
cblr-7157	442	8	not	not	PART
cblr-7157	442	9	much	much	ADJ
cblr-7157	442	10	of	of	ADP
cblr-7157	442	11	a	a	DET
cblr-7157	442	12	business	business	NOUN
cblr-7157	442	13	without	without	ADP
cblr-7157	442	14	all	all	DET
cblr-7157	442	15	the	the	DET
cblr-7157	442	16	many	many	ADJ
cblr-7157	442	17	contributions	contribution	NOUN
cblr-7157	442	18	of	of	ADP
cblr-7157	442	19	various	various	ADJ
cblr-7157	442	20	constituents	constituent	NOUN
cblr-7157	442	21	.	.	PUNCT
cblr-7157	443	1	but	but	CCONJ
cblr-7157	443	2	a	a	DET
cblr-7157	443	3	corporation	corporation	NOUN
cblr-7157	443	4	can	can	AUX
cblr-7157	443	5	be	be	AUX
cblr-7157	443	6	a	a	DET
cblr-7157	443	7	corporation	corporation	NOUN
cblr-7157	443	8	without	without	ADP
cblr-7157	443	9	operating	operate	VERB
cblr-7157	443	10	a	a	DET
cblr-7157	443	11	business	business	NOUN
cblr-7157	443	12	with	with	ADP
cblr-7157	443	13	other	other	ADJ
cblr-7157	443	14	constituents	constituent	NOUN
cblr-7157	443	15	—	—	PUNCT
cblr-7157	443	16	although	although	SCONJ
cblr-7157	443	17	a	a	DET
cblr-7157	443	18	(	(	PUNCT
cblr-7157	443	19	stock	stock	NOUN
cblr-7157	443	20	)	)	PUNCT
cblr-7157	443	21	corporation	corporation	NOUN
cblr-7157	443	22	can	can	AUX
cblr-7157	443	23	not	not	PART
cblr-7157	443	24	be	be	AUX
cblr-7157	443	25	a	a	DET
cblr-7157	443	26	corporation	corporation	NOUN
cblr-7157	443	27	without	without	ADP
cblr-7157	443	28	shareholders.97	shareholders.97	NOUN
cblr-7157	443	29	one	one	NUM
cblr-7157	443	30	of	of	ADP
cblr-7157	443	31	the	the	DET
cblr-7157	443	32	more	more	ADV
cblr-7157	443	33	complex	complex	ADJ
cblr-7157	443	34	objections	objection	NOUN
cblr-7157	443	35	to	to	ADP
cblr-7157	443	36	the	the	DET
cblr-7157	443	37	property	property	NOUN
cblr-7157	443	38	view	view	NOUN
cblr-7157	443	39	comes	come	VERB
cblr-7157	443	40	from	from	ADP
cblr-7157	443	41	corporate	corporate	ADJ
cblr-7157	443	42	law	law	NOUN
cblr-7157	443	43	itself	itself	PRON
cblr-7157	443	44	.	.	PUNCT
cblr-7157	444	1	a	a	DET
cblr-7157	444	2	key	key	ADJ
cblr-7157	444	3	feature	feature	NOUN
cblr-7157	444	4	of	of	ADP
cblr-7157	444	5	the	the	DET
cblr-7157	444	6	corporate	corporate	ADJ
cblr-7157	444	7	form	form	NOUN
cblr-7157	444	8	is	be	AUX
cblr-7157	444	9	that	that	SCONJ
cblr-7157	444	10	shareholders	shareholder	NOUN
cblr-7157	444	11	generally	generally	ADV
cblr-7157	444	12	do	do	AUX
cblr-7157	444	13	not	not	PART
cblr-7157	444	14	have	have	VERB
cblr-7157	444	15	the	the	DET
cblr-7157	444	16	ability	ability	NOUN
cblr-7157	444	17	to	to	PART
cblr-7157	444	18	directly	directly	ADV
cblr-7157	444	19	command	command	VERB
cblr-7157	444	20	the	the	DET
cblr-7157	444	21	board	board	NOUN
cblr-7157	444	22	to	to	PART
cblr-7157	444	23	take	take	VERB
cblr-7157	444	24	a	a	DET
cblr-7157	444	25	particular	particular	ADJ
cblr-7157	444	26	action.98	action.98	NOUN
cblr-7157	444	27	this	this	PRON
cblr-7157	444	28	is	be	AUX
cblr-7157	444	29	true	true	ADJ
cblr-7157	444	30	even	even	ADV
cblr-7157	444	31	when	when	SCONJ
cblr-7157	444	32	shareholders	shareholder	NOUN
cblr-7157	444	33	use	use	VERB
cblr-7157	444	34	their	their	PRON
cblr-7157	444	35	inalienable	inalienable	ADJ
cblr-7157	444	36	right	right	NOUN
cblr-7157	444	37	to	to	PART
cblr-7157	444	38	unilaterally	unilaterally	ADV
cblr-7157	444	39	enact	enact	VERB
cblr-7157	444	40	bylaws.99	bylaws.99	NOUN
cblr-7157	444	41	that	that	PRON
cblr-7157	444	42	is	be	AUX
cblr-7157	444	43	,	,	PUNCT
cblr-7157	444	44	shareholders	shareholder	NOUN
cblr-7157	444	45	are	be	AUX
cblr-7157	444	46	limited	limit	VERB
cblr-7157	444	47	in	in	ADP
cblr-7157	444	48	their	their	PRON
cblr-7157	444	49	ability	ability	NOUN
cblr-7157	444	50	to	to	PART
cblr-7157	444	51	use	use	VERB
cblr-7157	444	52	their	their	PRON
cblr-7157	444	53	bylaw	bylaw	NOUN
cblr-7157	444	54	“	"	PUNCT
cblr-7157	444	55	contract	contract	NOUN
cblr-7157	444	56	”	"	PUNCT
cblr-7157	444	57	to	to	PART
cblr-7157	444	58	constrain	constrain	VERB
cblr-7157	444	59	the	the	DET
cblr-7157	444	60	discretion	discretion	NOUN
cblr-7157	444	61	of	of	ADP
cblr-7157	444	62	the	the	DET
cblr-7157	444	63	board	board	NOUN
cblr-7157	444	64	in	in	ADP
cblr-7157	444	65	managing	manage	VERB
cblr-7157	444	66	the	the	DET
cblr-7157	444	67	company.100	company.100	NOUN
cblr-7157	444	68	the	the	DET
cblr-7157	444	69	fact	fact	NOUN
cblr-7157	444	70	that	that	SCONJ
cblr-7157	444	71	directors	director	NOUN
cblr-7157	444	72	are	be	AUX
cblr-7157	444	73	not	not	PART
cblr-7157	444	74	required	require	VERB
cblr-7157	444	75	to	to	PART
cblr-7157	444	76	obey	obey	VERB
cblr-7157	444	77	the	the	DET
cblr-7157	444	78	instructions	instruction	NOUN
cblr-7157	444	79	of	of	ADP
cblr-7157	444	80	a	a	DET
cblr-7157	444	81	majority	majority	NOUN
cblr-7157	444	82	of	of	ADP
cblr-7157	444	83	shareholders	shareholder	NOUN
cblr-7157	444	84	would	would	AUX
cblr-7157	444	85	seem	seem	VERB
cblr-7157	444	86	to	to	PART
cblr-7157	444	87	argue	argue	VERB
cblr-7157	444	88	against	against	ADP
cblr-7157	444	89	a	a	DET
cblr-7157	444	90	property	property	NOUN
cblr-7157	444	91	conception	conception	NOUN
cblr-7157	444	92	.	.	PUNCT
cblr-7157	445	1	there	there	PRON
cblr-7157	445	2	are	be	VERB
cblr-7157	445	3	two	two	NUM
cblr-7157	445	4	responses	response	NOUN
cblr-7157	445	5	to	to	ADP
cblr-7157	445	6	this	this	PRON
cblr-7157	445	7	,	,	PUNCT
cblr-7157	445	8	however	however	ADV
cblr-7157	445	9	.	.	PUNCT
cblr-7157	446	1	first	first	ADV
cblr-7157	446	2	,	,	PUNCT
cblr-7157	446	3	it	it	PRON
cblr-7157	446	4	may	may	AUX
cblr-7157	446	5	be	be	AUX
cblr-7157	446	6	argued	argue	VERB
cblr-7157	446	7	that	that	SCONJ
cblr-7157	446	8	this	this	PRON
cblr-7157	446	9	is	be	AUX
cblr-7157	446	10	a	a	DET
cblr-7157	446	11	limitation	limitation	NOUN
cblr-7157	446	12	only	only	ADV
cblr-7157	446	13	on	on	ADP
cblr-7157	446	14	procedure	procedure	NOUN
cblr-7157	446	15	,	,	PUNCT
cblr-7157	446	16	not	not	PART
cblr-7157	446	17	substance	substance	NOUN
cblr-7157	446	18	.	.	PUNCT
cblr-7157	447	1	shareholders	shareholder	NOUN
cblr-7157	447	2	can	can	AUX
cblr-7157	447	3	generally	generally	ADV
cblr-7157	447	4	remove	remove	VERB
cblr-7157	447	5	directors	director	NOUN
cblr-7157	447	6	at	at	ADP
cblr-7157	447	7	any	any	DET
cblr-7157	447	8	time	time	NOUN
cblr-7157	447	9	,	,	PUNCT
cblr-7157	447	10	and	and	CCONJ
cblr-7157	447	11	they	they	PRON
cblr-7157	447	12	are	be	AUX
cblr-7157	447	13	permitted	permit	VERB
cblr-7157	447	14	to	to	PART
cblr-7157	447	15	remove	remove	VERB
cblr-7157	447	16	directors	director	NOUN
cblr-7157	447	17	because	because	SCONJ
cblr-7157	447	18	of	of	ADP
cblr-7157	447	19	how	how	SCONJ
cblr-7157	447	20	they	they	PRON
cblr-7157	447	21	manage	manage	VERB
cblr-7157	447	22	the	the	DET
cblr-7157	447	23	business.101	business.101	PROPN
cblr-7157	447	24	shareholders	shareholder	NOUN
cblr-7157	447	25	can	can	AUX
cblr-7157	447	26	simply	simply	ADV
cblr-7157	447	27	remove	remove	VERB
cblr-7157	447	28	a	a	DET
cblr-7157	447	29	disobedient	disobedient	ADJ
cblr-7157	447	30	director	director	NOUN
cblr-7157	447	31	and	and	CCONJ
cblr-7157	447	32	install	install	VERB
cblr-7157	447	33	another	another	DET
cblr-7157	447	34	one	one	NOUN
cblr-7157	447	35	.	.	PUNCT
cblr-7157	448	1	shareholders	shareholder	NOUN
cblr-7157	448	2	generally	generally	ADV
cblr-7157	448	3	have	have	VERB
cblr-7157	448	4	no	no	DET
cblr-7157	448	5	duties	duty	NOUN
cblr-7157	448	6	in	in	ADP
cblr-7157	448	7	97	97	NUM
cblr-7157	448	8	nonstock	nonstock	NOUN
cblr-7157	448	9	corporations	corporation	NOUN
cblr-7157	448	10	have	have	VERB
cblr-7157	448	11	very	very	ADV
cblr-7157	448	12	different	different	ADJ
cblr-7157	448	13	attributes	attribute	NOUN
cblr-7157	448	14	and	and	CCONJ
cblr-7157	448	15	are	be	AUX
cblr-7157	448	16	discussed	discuss	VERB
cblr-7157	448	17	infra	infra	NOUN
cblr-7157	448	18	section	section	NOUN
cblr-7157	448	19	iii.b	iii.b	PROPN
cblr-7157	448	20	.	.	PROPN
cblr-7157	448	21	98	98	NUM
cblr-7157	448	22	see	see	VERB
cblr-7157	448	23	paramount	paramount	PROPN
cblr-7157	448	24	commc'ns	commc'ns	PROPN
cblr-7157	448	25	inc	inc	PROPN
cblr-7157	448	26	.	.	PROPN
cblr-7157	449	1	v.	v.	PROPN
cblr-7157	449	2	time	time	PROPN
cblr-7157	449	3	inc	inc	PROPN
cblr-7157	449	4	.	.	PROPN
cblr-7157	449	5	,	,	PUNCT
cblr-7157	449	6	nos	nos	PROPN
cblr-7157	449	7	.	.	PROPN
cblr-7157	449	8	10866	10866	NUM
cblr-7157	449	9	,	,	PUNCT
cblr-7157	449	10	10670	10670	NUM
cblr-7157	449	11	,	,	PUNCT
cblr-7157	449	12	10935	10935	NUM
cblr-7157	449	13	,	,	PUNCT
cblr-7157	449	14	1989	1989	NUM
cblr-7157	449	15	wl	wl	NOUN
cblr-7157	449	16	79880	79880	NUM
cblr-7157	449	17	,	,	PUNCT
cblr-7157	449	18	at	at	ADP
cblr-7157	449	19	*	*	PROPN
cblr-7157	449	20	30	30	NUM
cblr-7157	449	21	(	(	PUNCT
cblr-7157	449	22	del	del	PROPN
cblr-7157	449	23	.	.	PROPN
cblr-7157	449	24	ch	ch	PROPN
cblr-7157	449	25	.	.	PROPN
cblr-7157	450	1	july	july	PROPN
cblr-7157	450	2	14	14	NUM
cblr-7157	450	3	,	,	PUNCT
cblr-7157	450	4	1989	1989	NUM
cblr-7157	450	5	)	)	PUNCT
cblr-7157	450	6	(	(	PUNCT
cblr-7157	450	7	“	"	PUNCT
cblr-7157	450	8	the	the	DET
cblr-7157	450	9	corporation	corporation	NOUN
cblr-7157	450	10	law	law	NOUN
cblr-7157	450	11	does	do	AUX
cblr-7157	450	12	not	not	PART
cblr-7157	450	13	operate	operate	VERB
cblr-7157	450	14	on	on	ADP
cblr-7157	450	15	the	the	DET
cblr-7157	450	16	theory	theory	NOUN
cblr-7157	450	17	that	that	SCONJ
cblr-7157	450	18	directors	director	NOUN
cblr-7157	450	19	,	,	PUNCT
cblr-7157	450	20	in	in	ADP
cblr-7157	450	21	exercising	exercise	VERB
cblr-7157	450	22	their	their	PRON
cblr-7157	450	23	powers	power	NOUN
cblr-7157	450	24	to	to	PART
cblr-7157	450	25	manage	manage	VERB
cblr-7157	450	26	the	the	DET
cblr-7157	450	27	firm	firm	NOUN
cblr-7157	450	28	,	,	PUNCT
cblr-7157	450	29	are	be	AUX
cblr-7157	450	30	obligated	obligate	VERB
cblr-7157	450	31	to	to	PART
cblr-7157	450	32	follow	follow	VERB
cblr-7157	450	33	the	the	DET
cblr-7157	450	34	wishes	wish	NOUN
cblr-7157	450	35	of	of	ADP
cblr-7157	450	36	a	a	DET
cblr-7157	450	37	majority	majority	NOUN
cblr-7157	450	38	of	of	ADP
cblr-7157	450	39	shares	share	NOUN
cblr-7157	450	40	.	.	PUNCT
cblr-7157	450	41	”	"	PUNCT
cblr-7157	450	42	)	)	PUNCT
cblr-7157	450	43	,	,	PUNCT
cblr-7157	450	44	aff'd	aff'd	NOUN
cblr-7157	450	45	,	,	PUNCT
cblr-7157	450	46	571	571	NUM
cblr-7157	450	47	a.2d	a.2d	SYM
cblr-7157	450	48	1140	1140	NUM
cblr-7157	450	49	(	(	PUNCT
cblr-7157	450	50	del	del	PROPN
cblr-7157	450	51	.	.	PROPN
cblr-7157	450	52	1989	1989	NUM
cblr-7157	450	53	)	)	PUNCT
cblr-7157	450	54	.	.	PUNCT
cblr-7157	451	1	99	99	NUM
cblr-7157	451	2	see	see	VERB
cblr-7157	451	3	,	,	PUNCT
cblr-7157	451	4	e.g.	e.g.	ADV
cblr-7157	451	5	,	,	PUNCT
cblr-7157	451	6	ca	ca	PROPN
cblr-7157	451	7	,	,	PUNCT
cblr-7157	451	8	inc	inc	PROPN
cblr-7157	451	9	.	.	PROPN
cblr-7157	452	1	v.	v.	PROPN
cblr-7157	452	2	afscme	afscme	PROPN
cblr-7157	452	3	emps	emps	PROPN
cblr-7157	452	4	.	.	PUNCT
cblr-7157	453	1	pension	pension	NOUN
cblr-7157	453	2	plan	plan	NOUN
cblr-7157	453	3	,	,	PUNCT
cblr-7157	453	4	953	953	NUM
cblr-7157	453	5	a.2d	a.2d	NUM
cblr-7157	453	6	227	227	NUM
cblr-7157	453	7	,	,	PUNCT
cblr-7157	453	8	239–40	239–40	NUM
cblr-7157	453	9	(	(	PUNCT
cblr-7157	453	10	del	del	PROPN
cblr-7157	453	11	.	.	PROPN
cblr-7157	453	12	2008	2008	NUM
cblr-7157	453	13	)	)	PUNCT
cblr-7157	453	14	.	.	PUNCT
cblr-7157	454	1	100	100	NUM
cblr-7157	454	2	see	see	VERB
cblr-7157	454	3	jill	jill	PROPN
cblr-7157	454	4	e.	e.	PROPN
cblr-7157	454	5	fisch	fisch	PROPN
cblr-7157	454	6	,	,	PUNCT
cblr-7157	454	7	governance	governance	NOUN
cblr-7157	454	8	by	by	ADP
cblr-7157	454	9	contract	contract	NOUN
cblr-7157	454	10	:	:	PUNCT
cblr-7157	454	11	the	the	DET
cblr-7157	454	12	implications	implication	NOUN
cblr-7157	454	13	for	for	ADP
cblr-7157	454	14	corporate	corporate	ADJ
cblr-7157	454	15	bylaws	bylaw	NOUN
cblr-7157	454	16	,	,	PUNCT
cblr-7157	454	17	106	106	NUM
cblr-7157	454	18	calif	calif	PROPN
cblr-7157	454	19	.	.	PUNCT
cblr-7157	455	1	l.	l.	PROPN
cblr-7157	455	2	rev	rev	PROPN
cblr-7157	455	3	.	.	PROPN
cblr-7157	455	4	373	373	NUM
cblr-7157	455	5	,	,	PUNCT
cblr-7157	455	6	383–87	383–87	NUM
cblr-7157	455	7	(	(	PUNCT
cblr-7157	455	8	2018	2018	NUM
cblr-7157	455	9	)	)	PUNCT
cblr-7157	455	10	(	(	PUNCT
cblr-7157	455	11	discussing	discuss	VERB
cblr-7157	455	12	the	the	DET
cblr-7157	455	13	implications	implication	NOUN
cblr-7157	455	14	of	of	ADP
cblr-7157	455	15	the	the	DET
cblr-7157	455	16	afscme	afscme	NOUN
cblr-7157	455	17	decision	decision	NOUN
cblr-7157	455	18	in	in	ADP
cblr-7157	455	19	limiting	limit	VERB
cblr-7157	455	20	the	the	DET
cblr-7157	455	21	ability	ability	NOUN
cblr-7157	455	22	of	of	ADP
cblr-7157	455	23	shareholderadopted	shareholderadopte	VERB
cblr-7157	455	24	bylaws	bylaw	NOUN
cblr-7157	455	25	to	to	PART
cblr-7157	455	26	dictate	dictate	VERB
cblr-7157	455	27	how	how	SCONJ
cblr-7157	455	28	the	the	DET
cblr-7157	455	29	board	board	NOUN
cblr-7157	455	30	exercises	exercise	VERB
cblr-7157	455	31	its	its	PRON
cblr-7157	455	32	management	management	NOUN
cblr-7157	455	33	responsibilities	responsibility	NOUN
cblr-7157	455	34	)	)	PUNCT
cblr-7157	455	35	.	.	PUNCT
cblr-7157	456	1	101	101	NUM
cblr-7157	456	2	del	del	PROPN
cblr-7157	456	3	.	.	PROPN
cblr-7157	456	4	code	code	PROPN
cblr-7157	456	5	ann	ann	PROPN
cblr-7157	456	6	.	.	PUNCT
cblr-7157	456	7	tit	tit	PROPN
cblr-7157	456	8	.	.	PROPN
cblr-7157	456	9	8	8	NUM
cblr-7157	456	10	,	,	PUNCT
cblr-7157	456	11	§	§	PROPN
cblr-7157	456	12	141(k	141(k	NUM
cblr-7157	456	13	)	)	PUNCT
cblr-7157	456	14	(	(	PUNCT
cblr-7157	456	15	2019	2019	NUM
cblr-7157	456	16	)	)	PUNCT
cblr-7157	456	17	.	.	PUNCT
cblr-7157	457	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	457	2	(	(	PUNCT
cblr-7157	457	3	do	do	AUX
cblr-7157	457	4	not	not	PART
cblr-7157	457	5	delte	delte	VERB
cblr-7157	457	6	)	)	PUNCT
cblr-7157	457	7	10/2/2020	10/2/2020	NUM
cblr-7157	457	8	11:44	11:44	NUM
cblr-7157	457	9	am	be	AUX
cblr-7157	457	10	32	32	NUM
cblr-7157	457	11	columbia	columbia	PROPN
cblr-7157	457	12	business	business	NOUN
cblr-7157	457	13	law	law	PROPN
cblr-7157	457	14	review	review	NOUN
cblr-7157	458	1	[	[	X
cblr-7157	458	2	vol	vol	NOUN
cblr-7157	458	3	.	.	PUNCT
cblr-7157	458	4	2020	2020	NUM
cblr-7157	459	1	the	the	DET
cblr-7157	459	2	exercise	exercise	NOUN
cblr-7157	459	3	of	of	ADP
cblr-7157	459	4	that	that	DET
cblr-7157	459	5	discretion	discretion	NOUN
cblr-7157	459	6	,	,	PUNCT
cblr-7157	459	7	and	and	CCONJ
cblr-7157	459	8	therefore	therefore	ADV
cblr-7157	459	9	could	could	AUX
cblr-7157	459	10	remove	remove	VERB
cblr-7157	459	11	directors	director	NOUN
cblr-7157	459	12	for	for	ADP
cblr-7157	459	13	any	any	DET
cblr-7157	459	14	reason	reason	NOUN
cblr-7157	459	15	,	,	PUNCT
cblr-7157	459	16	including	include	VERB
cblr-7157	459	17	disobedience	disobedience	NOUN
cblr-7157	459	18	.	.	PUNCT
cblr-7157	460	1	a	a	DET
cblr-7157	460	2	second	second	ADJ
cblr-7157	460	3	argument	argument	NOUN
cblr-7157	460	4	is	be	AUX
cblr-7157	460	5	that	that	SCONJ
cblr-7157	460	6	this	this	DET
cblr-7157	460	7	limitation	limitation	NOUN
cblr-7157	460	8	is	be	AUX
cblr-7157	460	9	actually	actually	ADV
cblr-7157	460	10	a	a	DET
cblr-7157	460	11	limit	limit	NOUN
cblr-7157	460	12	on	on	ADP
cblr-7157	460	13	contract	contract	NOUN
cblr-7157	460	14	rights	right	NOUN
cblr-7157	460	15	and	and	CCONJ
cblr-7157	460	16	a	a	DET
cblr-7157	460	17	feature	feature	NOUN
cblr-7157	460	18	of	of	ADP
cblr-7157	460	19	the	the	DET
cblr-7157	460	20	corporation	corporation	NOUN
cblr-7157	460	21	as	as	ADP
cblr-7157	460	22	an	an	DET
cblr-7157	460	23	ownership	ownership	NOUN
cblr-7157	460	24	structure	structure	NOUN
cblr-7157	460	25	.	.	PUNCT
cblr-7157	461	1	board	board	NOUN
cblr-7157	461	2	-	-	PUNCT
cblr-7157	461	3	centric	centric	ADJ
cblr-7157	461	4	management	management	NOUN
cblr-7157	461	5	is	be	AUX
cblr-7157	461	6	a	a	DET
cblr-7157	461	7	rational	rational	ADJ
cblr-7157	461	8	way	way	NOUN
cblr-7157	461	9	for	for	SCONJ
cblr-7157	461	10	shareholders	shareholder	NOUN
cblr-7157	461	11	to	to	PART
cblr-7157	461	12	pre	pre	VERB
cblr-7157	461	13	-	-	VERB
cblr-7157	461	14	commit	commit	VERB
cblr-7157	461	15	to	to	ADP
cblr-7157	461	16	fiduciary	fiduciary	ADJ
cblr-7157	461	17	duties	duty	NOUN
cblr-7157	461	18	,	,	PUNCT
cblr-7157	461	19	given	give	VERB
cblr-7157	461	20	that	that	SCONJ
cblr-7157	461	21	shareholders	shareholder	NOUN
cblr-7157	461	22	themselves	themselves	PRON
cblr-7157	461	23	do	do	AUX
cblr-7157	461	24	not	not	PART
cblr-7157	461	25	generally	generally	ADV
cblr-7157	461	26	owe	owe	VERB
cblr-7157	461	27	fiduciary	fiduciary	ADJ
cblr-7157	461	28	duties	duty	NOUN
cblr-7157	461	29	to	to	ADP
cblr-7157	461	30	each	each	DET
cblr-7157	461	31	other.102	other.102	NOUN
cblr-7157	461	32	because	because	SCONJ
cblr-7157	461	33	non	non	ADJ
cblr-7157	461	34	-	-	ADJ
cblr-7157	461	35	controlling	controlling	ADJ
cblr-7157	461	36	shareholders	shareholder	NOUN
cblr-7157	461	37	do	do	AUX
cblr-7157	461	38	not	not	PART
cblr-7157	461	39	owe	owe	VERB
cblr-7157	461	40	fiduciary	fiduciary	ADJ
cblr-7157	461	41	duties	duty	NOUN
cblr-7157	461	42	to	to	ADP
cblr-7157	461	43	anyone	anyone	PRON
cblr-7157	461	44	,	,	PUNCT
cblr-7157	461	45	if	if	SCONJ
cblr-7157	461	46	directors	director	NOUN
cblr-7157	461	47	had	have	VERB
cblr-7157	461	48	a	a	DET
cblr-7157	461	49	“	"	PUNCT
cblr-7157	461	50	duty	duty	NOUN
cblr-7157	461	51	to	to	PART
cblr-7157	461	52	obey	obey	VERB
cblr-7157	461	53	,	,	PUNCT
cblr-7157	461	54	”	"	PUNCT
cblr-7157	461	55	then	then	ADV
cblr-7157	461	56	a	a	DET
cblr-7157	461	57	majority	majority	NOUN
cblr-7157	461	58	of	of	ADP
cblr-7157	461	59	such	such	ADJ
cblr-7157	461	60	shareholders	shareholder	NOUN
cblr-7157	461	61	could	could	AUX
cblr-7157	461	62	simply	simply	ADV
cblr-7157	461	63	instruct	instruct	VERB
cblr-7157	461	64	the	the	DET
cblr-7157	461	65	board	board	NOUN
cblr-7157	461	66	how	how	SCONJ
cblr-7157	461	67	to	to	PART
cblr-7157	461	68	act	act	VERB
cblr-7157	461	69	and	and	CCONJ
cblr-7157	461	70	thereby	thereby	ADV
cblr-7157	461	71	eliminate	eliminate	VERB
cblr-7157	461	72	the	the	DET
cblr-7157	461	73	board	board	NOUN
cblr-7157	461	74	’s	’s	PART
cblr-7157	461	75	duty	duty	NOUN
cblr-7157	461	76	to	to	ADP
cblr-7157	461	77	the	the	DET
cblr-7157	461	78	rest	rest	NOUN
cblr-7157	461	79	of	of	ADP
cblr-7157	461	80	the	the	DET
cblr-7157	461	81	shareholder	shareholder	NOUN
cblr-7157	461	82	base	base	NOUN
cblr-7157	461	83	.	.	PUNCT
cblr-7157	462	1	thus	thus	ADV
cblr-7157	462	2	,	,	PUNCT
cblr-7157	462	3	the	the	DET
cblr-7157	462	4	limitation	limitation	NOUN
cblr-7157	462	5	on	on	ADP
cblr-7157	462	6	shareholders	shareholder	NOUN
cblr-7157	462	7	’	'	PUNCT
cblr-7157	462	8	ability	ability	NOUN
cblr-7157	462	9	to	to	PART
cblr-7157	462	10	dictate	dictate	VERB
cblr-7157	462	11	board	board	NOUN
cblr-7157	462	12	decision	decision	NOUN
cblr-7157	462	13	making	making	NOUN
cblr-7157	462	14	is	be	AUX
cblr-7157	462	15	a	a	DET
cblr-7157	462	16	rational	rational	ADJ
cblr-7157	462	17	pre	pre	NOUN
cblr-7157	462	18	-	-	NOUN
cblr-7157	462	19	commitment	commitment	NOUN
cblr-7157	462	20	to	to	PART
cblr-7157	462	21	protect	protect	VERB
cblr-7157	462	22	minority	minority	NOUN
cblr-7157	462	23	shareholders	shareholder	NOUN
cblr-7157	462	24	from	from	ADP
cblr-7157	462	25	majority	majority	NOUN
cblr-7157	462	26	overreaching	overreach	VERB
cblr-7157	462	27	,	,	PUNCT
cblr-7157	462	28	and	and	CCONJ
cblr-7157	462	29	is	be	AUX
cblr-7157	462	30	actually	actually	ADV
cblr-7157	462	31	essential	essential	ADJ
cblr-7157	462	32	to	to	ADP
cblr-7157	462	33	the	the	DET
cblr-7157	462	34	property	property	NOUN
cblr-7157	462	35	-	-	PUNCT
cblr-7157	462	36	like	like	ADJ
cblr-7157	462	37	feature	feature	NOUN
cblr-7157	462	38	of	of	ADP
cblr-7157	462	39	shareholders	shareholder	NOUN
cblr-7157	462	40	having	have	VERB
cblr-7157	462	41	no	no	DET
cblr-7157	462	42	duties	duty	NOUN
cblr-7157	462	43	,	,	PUNCT
cblr-7157	462	44	of	of	ADP
cblr-7157	462	45	good	good	ADJ
cblr-7157	462	46	faith	faith	NOUN
cblr-7157	462	47	or	or	CCONJ
cblr-7157	462	48	otherwise	otherwise	ADV
cblr-7157	462	49	,	,	PUNCT
cblr-7157	462	50	to	to	ADP
cblr-7157	462	51	anyone	anyone	PRON
cblr-7157	462	52	.	.	PUNCT
cblr-7157	463	1	in	in	ADP
cblr-7157	463	2	other	other	ADJ
cblr-7157	463	3	words	word	NOUN
cblr-7157	463	4	,	,	PUNCT
cblr-7157	463	5	the	the	DET
cblr-7157	463	6	mandatory	mandatory	ADJ
cblr-7157	463	7	structure	structure	NOUN
cblr-7157	463	8	of	of	ADP
cblr-7157	463	9	the	the	DET
cblr-7157	463	10	board	board	NOUN
cblr-7157	463	11	’s	’s	PART
cblr-7157	463	12	decision	decision	NOUN
cblr-7157	463	13	making	make	VERB
cblr-7157	463	14	role	role	NOUN
cblr-7157	463	15	is	be	AUX
cblr-7157	463	16	a	a	DET
cblr-7157	463	17	way	way	NOUN
cblr-7157	463	18	of	of	ADP
cblr-7157	463	19	protecting	protect	VERB
cblr-7157	463	20	the	the	DET
cblr-7157	463	21	property	property	NOUN
cblr-7157	463	22	rights	right	NOUN
cblr-7157	463	23	of	of	ADP
cblr-7157	463	24	the	the	DET
cblr-7157	463	25	minority	minority	NOUN
cblr-7157	463	26	shareholders	shareholder	NOUN
cblr-7157	463	27	.	.	PUNCT
cblr-7157	464	1	the	the	DET
cblr-7157	464	2	board	board	NOUN
cblr-7157	464	3	does	do	AUX
cblr-7157	464	4	not	not	PART
cblr-7157	464	5	have	have	VERB
cblr-7157	464	6	an	an	DET
cblr-7157	464	7	obligation	obligation	NOUN
cblr-7157	464	8	to	to	PART
cblr-7157	464	9	obey	obey	VERB
cblr-7157	464	10	the	the	DET
cblr-7157	464	11	wishes	wish	NOUN
cblr-7157	464	12	of	of	ADP
cblr-7157	464	13	the	the	DET
cblr-7157	464	14	majority	majority	NOUN
cblr-7157	464	15	shareholder.103	shareholder.103	NOUN
cblr-7157	464	16	the	the	DET
cblr-7157	464	17	fact	fact	NOUN
cblr-7157	464	18	that	that	SCONJ
cblr-7157	464	19	the	the	DET
cblr-7157	464	20	board	board	NOUN
cblr-7157	464	21	need	need	AUX
cblr-7157	464	22	not	not	PART
cblr-7157	464	23	take	take	VERB
cblr-7157	464	24	instructions	instruction	NOUN
cblr-7157	464	25	from	from	ADP
cblr-7157	464	26	the	the	DET
cblr-7157	464	27	majority	majority	NOUN
cblr-7157	464	28	is	be	AUX
cblr-7157	464	29	a	a	DET
cblr-7157	464	30	protective	protective	ADJ
cblr-7157	464	31	feature	feature	NOUN
cblr-7157	464	32	for	for	ADP
cblr-7157	464	33	the	the	DET
cblr-7157	464	34	minority	minority	NOUN
cblr-7157	464	35	’s	’s	PART
cblr-7157	464	36	property	property	NOUN
cblr-7157	464	37	interests	interest	NOUN
cblr-7157	464	38	.	.	PUNCT
cblr-7157	465	1	indeed	indeed	ADV
cblr-7157	465	2	,	,	PUNCT
cblr-7157	465	3	such	such	DET
cblr-7157	465	4	a	a	DET
cblr-7157	465	5	protective	protective	ADJ
cblr-7157	465	6	feature	feature	NOUN
cblr-7157	465	7	is	be	AUX
cblr-7157	465	8	far	far	ADV
cblr-7157	465	9	more	more	ADV
cblr-7157	465	10	reminiscent	reminiscent	ADJ
cblr-7157	465	11	of	of	ADP
cblr-7157	465	12	trust	trust	NOUN
cblr-7157	465	13	than	than	SCONJ
cblr-7157	465	14	it	it	PRON
cblr-7157	465	15	is	be	AUX
cblr-7157	465	16	of	of	ADP
cblr-7157	465	17	contract	contract	NOUN
cblr-7157	465	18	.	.	PUNCT
cblr-7157	466	1	in	in	ADP
cblr-7157	466	2	summary	summary	NOUN
cblr-7157	466	3	,	,	PUNCT
cblr-7157	466	4	the	the	DET
cblr-7157	466	5	usual	usual	ADJ
cblr-7157	466	6	arguments	argument	NOUN
cblr-7157	466	7	of	of	ADP
cblr-7157	466	8	ownership	ownership	NOUN
cblr-7157	466	9	skeptics	skeptic	NOUN
cblr-7157	466	10	rely	rely	VERB
cblr-7157	466	11	on	on	ADP
cblr-7157	466	12	a	a	DET
cblr-7157	466	13	common	common	ADJ
cblr-7157	466	14	rhetorical	rhetorical	ADJ
cblr-7157	466	15	device	device	NOUN
cblr-7157	466	16	.	.	PUNCT
cblr-7157	467	1	they	they	PRON
cblr-7157	467	2	apply	apply	VERB
cblr-7157	467	3	a	a	DET
cblr-7157	467	4	restrictive	restrictive	ADJ
cblr-7157	467	5	102	102	NUM
cblr-7157	467	6	see	see	NOUN
cblr-7157	467	7	theodore	theodore	PROPN
cblr-7157	467	8	n.	n.	PROPN
cblr-7157	467	9	mirvis	mirvis	PROPN
cblr-7157	467	10	et	et	PROPN
cblr-7157	467	11	al	al	PROPN
cblr-7157	467	12	.	.	PROPN
cblr-7157	467	13	,	,	PUNCT
cblr-7157	467	14	bebchuk	bebchuk	PROPN
cblr-7157	467	15	's	's	PART
cblr-7157	467	16	"	"	PUNCT
cblr-7157	467	17	case	case	NOUN
cblr-7157	467	18	for	for	ADP
cblr-7157	467	19	increasing	increase	VERB
cblr-7157	467	20	shareholder	shareholder	NOUN
cblr-7157	467	21	power	power	NOUN
cblr-7157	467	22	"	"	PUNCT
cblr-7157	467	23	:	:	PUNCT
cblr-7157	467	24	an	an	DET
cblr-7157	467	25	opposition	opposition	NOUN
cblr-7157	467	26	,	,	PUNCT
cblr-7157	467	27	120	120	NUM
cblr-7157	467	28	harv	harv	NOUN
cblr-7157	467	29	.	.	PUNCT
cblr-7157	468	1	l.	l.	PROPN
cblr-7157	468	2	rev	rev	PROPN
cblr-7157	468	3	.	.	PROPN
cblr-7157	469	1	f.	f.	PROPN
cblr-7157	469	2	43	43	NUM
cblr-7157	469	3	,	,	PUNCT
cblr-7157	469	4	51	51	NUM
cblr-7157	469	5	n.24	n.24	PROPN
cblr-7157	469	6	(	(	PUNCT
cblr-7157	469	7	2007	2007	NUM
cblr-7157	469	8	)	)	PUNCT
cblr-7157	469	9	.	.	PUNCT
cblr-7157	469	10	103	103	NUM
cblr-7157	470	1	as	as	SCONJ
cblr-7157	470	2	then	then	ADV
cblr-7157	470	3	-	-	PUNCT
cblr-7157	470	4	vice	vice	NOUN
cblr-7157	470	5	chancellor	chancellor	PROPN
cblr-7157	470	6	strine	strine	PROPN
cblr-7157	470	7	memorably	memorably	ADV
cblr-7157	470	8	put	put	VERB
cblr-7157	470	9	it	it	PRON
cblr-7157	470	10	,	,	PUNCT
cblr-7157	470	11	“	"	PUNCT
cblr-7157	470	12	[	[	X
cblr-7157	470	13	d]irectors	d]irector	NOUN
cblr-7157	470	14	are	be	AUX
cblr-7157	470	15	not	not	PART
cblr-7157	470	16	thermometers	thermometer	NOUN
cblr-7157	470	17	,	,	PUNCT
cblr-7157	470	18	existing	exist	VERB
cblr-7157	470	19	to	to	PART
cblr-7157	470	20	register	register	VERB
cblr-7157	470	21	the	the	DET
cblr-7157	470	22	ever	ever	ADV
cblr-7157	470	23	-	-	PUNCT
cblr-7157	470	24	changing	change	VERB
cblr-7157	470	25	sentiments	sentiment	NOUN
cblr-7157	470	26	of	of	ADP
cblr-7157	470	27	stockholders	stockholder	NOUN
cblr-7157	470	28	.	.	PUNCT
cblr-7157	470	29	.	.	PUNCT
cblr-7157	470	30	.	.	PUNCT
cblr-7157	471	1	.	.	PUNCT
cblr-7157	472	1	during	during	ADP
cblr-7157	472	2	their	their	PRON
cblr-7157	472	3	term	term	NOUN
cblr-7157	472	4	of	of	ADP
cblr-7157	472	5	office	office	NOUN
cblr-7157	472	6	,	,	PUNCT
cblr-7157	472	7	directors	director	NOUN
cblr-7157	472	8	may	may	AUX
cblr-7157	472	9	take	take	VERB
cblr-7157	472	10	good	good	ADJ
cblr-7157	472	11	faith	faith	NOUN
cblr-7157	472	12	actions	action	NOUN
cblr-7157	472	13	that	that	PRON
cblr-7157	472	14	they	they	PRON
cblr-7157	472	15	believe	believe	VERB
cblr-7157	472	16	will	will	AUX
cblr-7157	472	17	benefit	benefit	VERB
cblr-7157	472	18	stockholders	stockholder	NOUN
cblr-7157	472	19	,	,	PUNCT
cblr-7157	472	20	even	even	ADV
cblr-7157	472	21	if	if	SCONJ
cblr-7157	472	22	they	they	PRON
cblr-7157	472	23	realize	realize	VERB
cblr-7157	472	24	that	that	SCONJ
cblr-7157	472	25	the	the	DET
cblr-7157	472	26	stockholders	stockholder	NOUN
cblr-7157	472	27	do	do	AUX
cblr-7157	472	28	not	not	PART
cblr-7157	472	29	agree	agree	VERB
cblr-7157	472	30	with	with	ADP
cblr-7157	472	31	them	they	PRON
cblr-7157	472	32	.	.	PUNCT
cblr-7157	472	33	”	"	PUNCT
cblr-7157	473	1	in	in	ADP
cblr-7157	473	2	re	re	PROPN
cblr-7157	473	3	lear	lear	PROPN
cblr-7157	473	4	corp	corp	PROPN
cblr-7157	473	5	.	.	PROPN
cblr-7157	473	6	s’holder	s’holder	PROPN
cblr-7157	473	7	litig	litig	PROPN
cblr-7157	473	8	.	.	PUNCT
cblr-7157	474	1	,	,	PUNCT
cblr-7157	474	2	967	967	NUM
cblr-7157	474	3	a.2d	a.2d	SYM
cblr-7157	474	4	640	640	NUM
cblr-7157	474	5	,	,	PUNCT
cblr-7157	474	6	655	655	NUM
cblr-7157	474	7	(	(	PUNCT
cblr-7157	474	8	del	del	PROPN
cblr-7157	474	9	.	.	PROPN
cblr-7157	474	10	ch	ch	PROPN
cblr-7157	474	11	.	.	PROPN
cblr-7157	474	12	2008	2008	NUM
cblr-7157	474	13	)	)	PUNCT
cblr-7157	474	14	(	(	PUNCT
cblr-7157	474	15	citations	citation	NOUN
cblr-7157	474	16	omitted	omit	VERB
cblr-7157	474	17	)	)	PUNCT
cblr-7157	474	18	.	.	PUNCT
cblr-7157	475	1	see	see	VERB
cblr-7157	475	2	also	also	ADV
cblr-7157	475	3	paramount	paramount	PROPN
cblr-7157	475	4	commc'ns	commc'ns	PROPN
cblr-7157	475	5	inc	inc	PROPN
cblr-7157	475	6	.	.	PROPN
cblr-7157	476	1	v.	v.	PROPN
cblr-7157	476	2	time	time	PROPN
cblr-7157	476	3	inc	inc	PROPN
cblr-7157	476	4	.	.	PROPN
cblr-7157	476	5	,	,	PUNCT
cblr-7157	476	6	nos	nos	PROPN
cblr-7157	476	7	.	.	PROPN
cblr-7157	476	8	10866	10866	NUM
cblr-7157	476	9	,	,	PUNCT
cblr-7157	476	10	10670	10670	NUM
cblr-7157	476	11	,	,	PUNCT
cblr-7157	476	12	10935	10935	NUM
cblr-7157	476	13	,	,	PUNCT
cblr-7157	476	14	1989	1989	NUM
cblr-7157	476	15	wl	wl	NOUN
cblr-7157	476	16	79880	79880	NUM
cblr-7157	476	17	,	,	PUNCT
cblr-7157	476	18	at	at	ADP
cblr-7157	476	19	*	*	PROPN
cblr-7157	476	20	30	30	NUM
cblr-7157	476	21	(	(	PUNCT
cblr-7157	476	22	del	del	PROPN
cblr-7157	476	23	.	.	PROPN
cblr-7157	476	24	ch	ch	PROPN
cblr-7157	476	25	.	.	PROPN
cblr-7157	477	1	july	july	PROPN
cblr-7157	477	2	14	14	NUM
cblr-7157	477	3	,	,	PUNCT
cblr-7157	477	4	1989	1989	NUM
cblr-7157	477	5	)	)	PUNCT
cblr-7157	477	6	(	(	PUNCT
cblr-7157	477	7	“	"	PUNCT
cblr-7157	477	8	the	the	DET
cblr-7157	477	9	corporation	corporation	NOUN
cblr-7157	477	10	law	law	NOUN
cblr-7157	477	11	does	do	AUX
cblr-7157	477	12	not	not	PART
cblr-7157	477	13	operate	operate	VERB
cblr-7157	477	14	on	on	ADP
cblr-7157	477	15	the	the	DET
cblr-7157	477	16	theory	theory	NOUN
cblr-7157	477	17	that	that	SCONJ
cblr-7157	477	18	directors	director	NOUN
cblr-7157	477	19	,	,	PUNCT
cblr-7157	477	20	in	in	ADP
cblr-7157	477	21	exercising	exercise	VERB
cblr-7157	477	22	their	their	PRON
cblr-7157	477	23	powers	power	NOUN
cblr-7157	477	24	to	to	PART
cblr-7157	477	25	manage	manage	VERB
cblr-7157	477	26	the	the	DET
cblr-7157	477	27	firm	firm	NOUN
cblr-7157	477	28	,	,	PUNCT
cblr-7157	477	29	are	be	AUX
cblr-7157	477	30	obligated	obligate	VERB
cblr-7157	477	31	to	to	PART
cblr-7157	477	32	follow	follow	VERB
cblr-7157	477	33	the	the	DET
cblr-7157	477	34	wishes	wish	NOUN
cblr-7157	477	35	of	of	ADP
cblr-7157	477	36	a	a	DET
cblr-7157	477	37	majority	majority	NOUN
cblr-7157	477	38	of	of	ADP
cblr-7157	477	39	shares	share	NOUN
cblr-7157	477	40	.	.	PUNCT
cblr-7157	478	1	in	in	ADP
cblr-7157	478	2	fact	fact	NOUN
cblr-7157	478	3	,	,	PUNCT
cblr-7157	478	4	directors	director	NOUN
cblr-7157	478	5	,	,	PUNCT
cblr-7157	478	6	not	not	PART
cblr-7157	478	7	shareholders	shareholder	NOUN
cblr-7157	478	8	,	,	PUNCT
cblr-7157	478	9	are	be	AUX
cblr-7157	478	10	charged	charge	VERB
cblr-7157	478	11	with	with	ADP
cblr-7157	478	12	the	the	DET
cblr-7157	478	13	duty	duty	NOUN
cblr-7157	478	14	to	to	PART
cblr-7157	478	15	manage	manage	VERB
cblr-7157	478	16	the	the	DET
cblr-7157	478	17	firm	firm	NOUN
cblr-7157	478	18	.	.	PUNCT
cblr-7157	478	19	”	"	PUNCT
cblr-7157	478	20	)	)	PUNCT
cblr-7157	478	21	,	,	PUNCT
cblr-7157	478	22	aff’d	aff’d	VERB
cblr-7157	478	23	,	,	PUNCT
cblr-7157	478	24	571	571	NUM
cblr-7157	478	25	a.2d	a.2d	SYM
cblr-7157	478	26	1140	1140	NUM
cblr-7157	478	27	(	(	PUNCT
cblr-7157	478	28	del	del	PROPN
cblr-7157	478	29	.	.	PROPN
cblr-7157	478	30	1989	1989	NUM
cblr-7157	478	31	)	)	PUNCT
cblr-7157	478	32	.	.	PUNCT
cblr-7157	479	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	479	2	(	(	PUNCT
cblr-7157	479	3	do	do	AUX
cblr-7157	479	4	not	not	PART
cblr-7157	479	5	delete	delete	VERB
cblr-7157	479	6	)	)	PUNCT
cblr-7157	479	7	10/2/2020	10/2/2020	NUM
cblr-7157	479	8	11:44	11:44	NUM
cblr-7157	479	9	am	be	AUX
cblr-7157	479	10	no	no	NOUN
cblr-7157	479	11	.	.	PUNCT
cblr-7157	479	12	1:1	1:1	NUM
cblr-7157	479	13	]	]	X
cblr-7157	479	14	a	a	DET
cblr-7157	479	15	property	property	NOUN
cblr-7157	479	16	theory	theory	NOUN
cblr-7157	479	17	33	33	NUM
cblr-7157	479	18	view	view	NOUN
cblr-7157	479	19	of	of	ADP
cblr-7157	479	20	ownership	ownership	NOUN
cblr-7157	479	21	by	by	ADP
cblr-7157	479	22	holding	hold	VERB
cblr-7157	479	23	up	up	ADP
cblr-7157	479	24	the	the	DET
cblr-7157	479	25	case	case	NOUN
cblr-7157	479	26	of	of	ADP
cblr-7157	479	27	the	the	DET
cblr-7157	479	28	sole	sole	ADJ
cblr-7157	479	29	fee	fee	NOUN
cblr-7157	479	30	simple	simple	ADJ
cblr-7157	479	31	owner	owner	NOUN
cblr-7157	479	32	of	of	ADP
cblr-7157	479	33	physical	physical	ADJ
cblr-7157	479	34	property	property	NOUN
cblr-7157	479	35	,	,	PUNCT
cblr-7157	479	36	then	then	ADV
cblr-7157	479	37	showing	show	VERB
cblr-7157	479	38	that	that	SCONJ
cblr-7157	479	39	the	the	DET
cblr-7157	479	40	rights	right	NOUN
cblr-7157	479	41	of	of	ADP
cblr-7157	479	42	shareholders	shareholder	NOUN
cblr-7157	479	43	fall	fall	VERB
cblr-7157	479	44	short	short	ADV
cblr-7157	479	45	of	of	ADP
cblr-7157	479	46	that	that	DET
cblr-7157	479	47	standard	standard	NOUN
cblr-7157	479	48	.	.	PUNCT
cblr-7157	480	1	such	such	DET
cblr-7157	480	2	an	an	DET
cblr-7157	480	3	argument	argument	NOUN
cblr-7157	480	4	merely	merely	ADV
cblr-7157	480	5	shows	show	VERB
cblr-7157	480	6	that	that	SCONJ
cblr-7157	480	7	shareholders	shareholder	NOUN
cblr-7157	480	8	are	be	AUX
cblr-7157	480	9	not	not	PART
cblr-7157	480	10	“	"	PUNCT
cblr-7157	480	11	the	the	DET
cblr-7157	480	12	owners	owner	NOUN
cblr-7157	480	13	”	"	PUNCT
cblr-7157	480	14	of	of	ADP
cblr-7157	480	15	the	the	DET
cblr-7157	480	16	corporation	corporation	NOUN
cblr-7157	480	17	in	in	ADP
cblr-7157	480	18	the	the	DET
cblr-7157	480	19	blackstonian	blackstonian	ADJ
cblr-7157	480	20	sense	sense	NOUN
cblr-7157	480	21	that	that	SCONJ
cblr-7157	480	22	they	they	PRON
cblr-7157	480	23	retain	retain	VERB
cblr-7157	480	24	“	"	PUNCT
cblr-7157	480	25	sole	sole	ADJ
cblr-7157	480	26	and	and	CCONJ
cblr-7157	480	27	despotic	despotic	ADJ
cblr-7157	480	28	dominion	dominion	NOUN
cblr-7157	480	29	.	.	PUNCT
cblr-7157	480	30	.	.	PUNCT
cblr-7157	480	31	.	.	PUNCT
cblr-7157	481	1	in	in	ADP
cblr-7157	481	2	total	total	ADJ
cblr-7157	481	3	exclusion	exclusion	NOUN
cblr-7157	481	4	of	of	ADP
cblr-7157	481	5	the	the	DET
cblr-7157	481	6	right	right	NOUN
cblr-7157	481	7	of	of	ADP
cblr-7157	481	8	any	any	DET
cblr-7157	481	9	other	other	ADJ
cblr-7157	481	10	individual	individual	NOUN
cblr-7157	481	11	in	in	ADP
cblr-7157	481	12	the	the	DET
cblr-7157	481	13	universe	universe	NOUN
cblr-7157	481	14	.	.	PUNCT
cblr-7157	481	15	”104	”104	PUNCT
cblr-7157	482	1	but	but	CCONJ
cblr-7157	482	2	it	it	PRON
cblr-7157	482	3	does	do	AUX
cblr-7157	482	4	not	not	PART
cblr-7157	482	5	negate	negate	VERB
cblr-7157	482	6	that	that	SCONJ
cblr-7157	482	7	shareholders	shareholder	NOUN
cblr-7157	482	8	maintain	maintain	VERB
cblr-7157	482	9	some	some	DET
cblr-7157	482	10	property	property	NOUN
cblr-7157	482	11	interests	interest	NOUN
cblr-7157	482	12	in	in	ADP
cblr-7157	482	13	the	the	DET
cblr-7157	482	14	corporation	corporation	NOUN
cblr-7157	482	15	.	.	PUNCT
cblr-7157	483	1	one	one	PRON
cblr-7157	483	2	need	need	AUX
cblr-7157	483	3	not	not	PART
cblr-7157	483	4	hold	hold	VERB
cblr-7157	483	5	all	all	DET
cblr-7157	483	6	incidents	incident	NOUN
cblr-7157	483	7	of	of	ADP
cblr-7157	483	8	ownership	ownership	NOUN
cblr-7157	483	9	to	to	PART
cblr-7157	483	10	have	have	VERB
cblr-7157	483	11	a	a	DET
cblr-7157	483	12	property	property	NOUN
cblr-7157	483	13	interest	interest	NOUN
cblr-7157	483	14	.	.	PUNCT
cblr-7157	484	1	one	one	PRON
cblr-7157	484	2	can	can	AUX
cblr-7157	484	3	hold	hold	VERB
cblr-7157	484	4	an	an	DET
cblr-7157	484	5	ownership	ownership	NOUN
cblr-7157	484	6	interest	interest	NOUN
cblr-7157	484	7	in	in	ADP
cblr-7157	484	8	property	property	NOUN
cblr-7157	484	9	without	without	ADP
cblr-7157	484	10	being	be	AUX
cblr-7157	484	11	“	"	PUNCT
cblr-7157	484	12	the	the	DET
cblr-7157	484	13	owner	owner	NOUN
cblr-7157	484	14	”	"	PUNCT
cblr-7157	484	15	of	of	ADP
cblr-7157	484	16	that	that	DET
cblr-7157	484	17	property	property	NOUN
cblr-7157	484	18	in	in	ADP
cblr-7157	484	19	the	the	DET
cblr-7157	484	20	blackstonian	blackstonian	ADJ
cblr-7157	484	21	sense	sense	NOUN
cblr-7157	484	22	.	.	PUNCT
cblr-7157	485	1	the	the	DET
cblr-7157	485	2	fact	fact	NOUN
cblr-7157	485	3	that	that	SCONJ
cblr-7157	485	4	shareholders	shareholder	NOUN
cblr-7157	485	5	may	may	AUX
cblr-7157	485	6	not	not	PART
cblr-7157	485	7	exercise	exercise	VERB
cblr-7157	485	8	all	all	DET
cblr-7157	485	9	the	the	DET
cblr-7157	485	10	incidents	incident	NOUN
cblr-7157	485	11	of	of	ADP
cblr-7157	485	12	ownership	ownership	NOUN
cblr-7157	485	13	does	do	AUX
cblr-7157	485	14	not	not	PART
cblr-7157	485	15	mean	mean	VERB
cblr-7157	485	16	the	the	DET
cblr-7157	485	17	shares	share	NOUN
cblr-7157	485	18	are	be	AUX
cblr-7157	485	19	not	not	PART
cblr-7157	485	20	ownership	ownership	NOUN
cblr-7157	485	21	interests.105	interests.105	NOUN
cblr-7157	485	22	the	the	DET
cblr-7157	485	23	next	next	ADJ
cblr-7157	485	24	section	section	NOUN
cblr-7157	485	25	shows	show	VERB
cblr-7157	485	26	the	the	DET
cblr-7157	485	27	incompatibility	incompatibility	NOUN
cblr-7157	485	28	of	of	ADP
cblr-7157	485	29	corporate	corporate	ADJ
cblr-7157	485	30	law	law	NOUN
cblr-7157	485	31	with	with	ADP
cblr-7157	485	32	a	a	DET
cblr-7157	485	33	contract	contract	NOUN
cblr-7157	485	34	view	view	NOUN
cblr-7157	485	35	of	of	ADP
cblr-7157	485	36	share	share	NOUN
cblr-7157	485	37	ownership	ownership	NOUN
cblr-7157	485	38	.	.	PUNCT
cblr-7157	486	1	2	2	X
cblr-7157	486	2	.	.	NUM
cblr-7157	486	3	problems	problem	NOUN
cblr-7157	486	4	with	with	ADP
cblr-7157	486	5	common	common	ADJ
cblr-7157	486	6	stock	stock	NOUN
cblr-7157	486	7	as	as	SCONJ
cblr-7157	486	8	contract	contract	VERB
cblr-7157	486	9	the	the	DET
cblr-7157	486	10	conception	conception	NOUN
cblr-7157	486	11	of	of	ADP
cblr-7157	486	12	the	the	DET
cblr-7157	486	13	corporation	corporation	NOUN
cblr-7157	486	14	as	as	ADP
cblr-7157	486	15	a	a	DET
cblr-7157	486	16	creature	creature	NOUN
cblr-7157	486	17	of	of	ADP
cblr-7157	486	18	contract	contract	NOUN
cblr-7157	486	19	strains	strain	VERB
cblr-7157	486	20	the	the	DET
cblr-7157	486	21	contractual	contractual	ADJ
cblr-7157	486	22	model	model	NOUN
cblr-7157	486	23	from	from	ADP
cblr-7157	486	24	the	the	DET
cblr-7157	486	25	outset	outset	NOUN
cblr-7157	486	26	.	.	PUNCT
cblr-7157	487	1	parties	party	NOUN
cblr-7157	487	2	to	to	ADP
cblr-7157	487	3	contracts	contract	NOUN
cblr-7157	487	4	normally	normally	ADV
cblr-7157	487	5	have	have	VERB
cblr-7157	487	6	contractual	contractual	ADJ
cblr-7157	487	7	obligations	obligation	NOUN
cblr-7157	487	8	or	or	CCONJ
cblr-7157	487	9	contractual	contractual	ADJ
cblr-7157	487	10	rights	right	NOUN
cblr-7157	487	11	(	(	PUNCT
cblr-7157	487	12	usually	usually	ADV
cblr-7157	487	13	both	both	PRON
cblr-7157	487	14	)	)	PUNCT
cblr-7157	487	15	.	.	PUNCT
cblr-7157	488	1	but	but	CCONJ
cblr-7157	488	2	stockholders	stockholder	NOUN
cblr-7157	488	3	have	have	VERB
cblr-7157	488	4	no	no	DET
cblr-7157	488	5	obligations	obligation	NOUN
cblr-7157	488	6	to	to	ADP
cblr-7157	488	7	the	the	DET
cblr-7157	488	8	corporation	corporation	NOUN
cblr-7157	488	9	(	(	PUNCT
cblr-7157	488	10	or	or	CCONJ
cblr-7157	488	11	anyone	anyone	PRON
cblr-7157	488	12	else	else	ADV
cblr-7157	488	13	)	)	PUNCT
cblr-7157	488	14	by	by	ADP
cblr-7157	488	15	virtue	virtue	NOUN
cblr-7157	488	16	of	of	ADP
cblr-7157	488	17	being	be	AUX
cblr-7157	488	18	a	a	DET
cblr-7157	488	19	stockholder	stockholder	NOUN
cblr-7157	488	20	,	,	PUNCT
cblr-7157	488	21	and	and	CCONJ
cblr-7157	488	22	often	often	ADV
cblr-7157	488	23	have	have	AUX
cblr-7157	488	24	not	not	PART
cblr-7157	488	25	provided	provide	VERB
cblr-7157	488	26	any	any	DET
cblr-7157	488	27	consideration	consideration	NOUN
cblr-7157	488	28	to	to	ADP
cblr-7157	488	29	the	the	DET
cblr-7157	488	30	corporation.106	corporation.106	NOUN
cblr-7157	488	31	of	of	ADP
cblr-7157	488	32	course	course	NOUN
cblr-7157	488	33	,	,	PUNCT
cblr-7157	488	34	they	they	PRON
cblr-7157	488	35	may	may	AUX
cblr-7157	488	36	have	have	VERB
cblr-7157	488	37	such	such	ADJ
cblr-7157	488	38	contractual	contractual	ADJ
cblr-7157	488	39	obligations	obligation	NOUN
cblr-7157	488	40	or	or	CCONJ
cblr-7157	488	41	rights	right	NOUN
cblr-7157	488	42	pursuant	pursuant	ADJ
cblr-7157	488	43	to	to	ADP
cblr-7157	488	44	other	other	ADJ
cblr-7157	488	45	agreements	agreement	NOUN
cblr-7157	488	46	they	they	PRON
cblr-7157	488	47	enter	enter	VERB
cblr-7157	488	48	into	into	ADP
cblr-7157	488	49	,	,	PUNCT
cblr-7157	488	50	such	such	ADJ
cblr-7157	488	51	as	as	ADP
cblr-7157	488	52	voting	voting	NOUN
cblr-7157	488	53	agreements	agreement	NOUN
cblr-7157	488	54	,	,	PUNCT
cblr-7157	488	55	but	but	CCONJ
cblr-7157	488	56	not	not	PART
cblr-7157	488	57	by	by	ADP
cblr-7157	488	58	virtue	virtue	NOUN
cblr-7157	488	59	of	of	ADP
cblr-7157	488	60	owning	own	VERB
cblr-7157	488	61	stock	stock	NOUN
cblr-7157	488	62	.	.	PUNCT
cblr-7157	489	1	so	so	ADV
cblr-7157	489	2	perhaps	perhaps	ADV
cblr-7157	489	3	one	one	PRON
cblr-7157	489	4	could	could	AUX
cblr-7157	489	5	think	think	VERB
cblr-7157	489	6	of	of	ADP
cblr-7157	489	7	stock	stock	NOUN
cblr-7157	489	8	as	as	ADP
cblr-7157	489	9	a	a	DET
cblr-7157	489	10	contract	contract	NOUN
cblr-7157	489	11	in	in	ADP
cblr-7157	489	12	which	which	PRON
cblr-7157	489	13	shareholders	shareholder	NOUN
cblr-7157	489	14	have	have	VERB
cblr-7157	489	15	no	no	DET
cblr-7157	489	16	obligations	obligation	NOUN
cblr-7157	489	17	but	but	CCONJ
cblr-7157	489	18	only	only	ADJ
cblr-7157	489	19	rights	right	NOUN
cblr-7157	489	20	—	—	PUNCT
cblr-7157	489	21	essentially	essentially	ADV
cblr-7157	489	22	a	a	DET
cblr-7157	489	23	unilateral	unilateral	ADJ
cblr-7157	489	24	contract	contract	NOUN
cblr-7157	489	25	.	.	PUNCT
cblr-7157	490	1	but	but	CCONJ
cblr-7157	490	2	in	in	ADP
cblr-7157	490	3	reality	reality	NOUN
cblr-7157	490	4	,	,	PUNCT
cblr-7157	490	5	shareholders	shareholder	NOUN
cblr-7157	490	6	also	also	ADV
cblr-7157	490	7	have	have	VERB
cblr-7157	490	8	no	no	DET
cblr-7157	490	9	specific	specific	ADJ
cblr-7157	490	10	rights	right	NOUN
cblr-7157	490	11	to	to	PART
cblr-7157	490	12	receive	receive	VERB
cblr-7157	490	13	anything	anything	PRON
cblr-7157	490	14	from	from	ADP
cblr-7157	490	15	the	the	DET
cblr-7157	490	16	104	104	NUM
cblr-7157	490	17	2	2	NUM
cblr-7157	490	18	william	william	PROPN
cblr-7157	490	19	blackstone	blackstone	PROPN
cblr-7157	490	20	,	,	PUNCT
cblr-7157	490	21	commentaries	commentary	NOUN
cblr-7157	490	22	on	on	ADP
cblr-7157	490	23	the	the	DET
cblr-7157	490	24	laws	law	NOUN
cblr-7157	490	25	of	of	ADP
cblr-7157	490	26	england	england	PROPN
cblr-7157	490	27	2	2	NUM
cblr-7157	490	28	(	(	PUNCT
cblr-7157	490	29	univ	univ	PROPN
cblr-7157	490	30	.	.	PUNCT
cblr-7157	491	1	chi	chi	PROPN
cblr-7157	491	2	.	.	PUNCT
cblr-7157	492	1	press	press	NOUN
cblr-7157	492	2	1979	1979	NUM
cblr-7157	492	3	)	)	PUNCT
cblr-7157	492	4	(	(	PUNCT
cblr-7157	492	5	1766	1766	NUM
cblr-7157	492	6	)	)	PUNCT
cblr-7157	492	7	.	.	PUNCT
cblr-7157	493	1	105	105	NUM
cblr-7157	493	2	eisenberg	eisenberg	PROPN
cblr-7157	493	3	,	,	PUNCT
cblr-7157	493	4	supra	supra	PROPN
cblr-7157	493	5	note	note	PROPN
cblr-7157	493	6	1	1	NUM
cblr-7157	493	7	,	,	PUNCT
cblr-7157	493	8	at	at	ADP
cblr-7157	493	9	825–26	825–26	NUM
cblr-7157	493	10	.	.	PUNCT
cblr-7157	493	11	106	106	NUM
cblr-7157	493	12	see	see	VERB
cblr-7157	493	13	ann	ann	PROPN
cblr-7157	493	14	m.	m.	PROPN
cblr-7157	493	15	lipton	lipton	PROPN
cblr-7157	493	16	,	,	PUNCT
cblr-7157	493	17	manufactured	manufactured	ADJ
cblr-7157	493	18	consent	consent	NOUN
cblr-7157	493	19	:	:	PUNCT
cblr-7157	493	20	the	the	DET
cblr-7157	493	21	problem	problem	NOUN
cblr-7157	493	22	of	of	ADP
cblr-7157	493	23	arbitration	arbitration	NOUN
cblr-7157	493	24	clauses	clause	NOUN
cblr-7157	493	25	in	in	ADP
cblr-7157	493	26	corporate	corporate	ADJ
cblr-7157	493	27	charters	charter	NOUN
cblr-7157	493	28	and	and	CCONJ
cblr-7157	493	29	bylaws	bylaw	NOUN
cblr-7157	493	30	,	,	PUNCT
cblr-7157	494	1	104	104	NUM
cblr-7157	494	2	geo	geo	PROPN
cblr-7157	494	3	.	.	PUNCT
cblr-7157	494	4	l.j	l.j	PROPN
cblr-7157	494	5	.	.	PROPN
cblr-7157	494	6	583	583	NUM
cblr-7157	494	7	,	,	PUNCT
cblr-7157	494	8	602	602	NUM
cblr-7157	494	9	(	(	PUNCT
cblr-7157	494	10	2016	2016	NUM
cblr-7157	494	11	)	)	PUNCT
cblr-7157	494	12	(	(	PUNCT
cblr-7157	494	13	“	"	PUNCT
cblr-7157	494	14	most	most	ADJ
cblr-7157	494	15	shareholders	shareholder	NOUN
cblr-7157	494	16	—	—	PUNCT
cblr-7157	494	17	especially	especially	ADV
cblr-7157	494	18	those	those	PRON
cblr-7157	494	19	who	who	PRON
cblr-7157	494	20	buy	buy	VERB
cblr-7157	494	21	on	on	ADP
cblr-7157	494	22	the	the	DET
cblr-7157	494	23	secondary	secondary	ADJ
cblr-7157	494	24	market	market	NOUN
cblr-7157	494	25	—	—	PUNCT
cblr-7157	494	26	owe	owe	VERB
cblr-7157	494	27	no	no	DET
cblr-7157	494	28	duties	duty	NOUN
cblr-7157	494	29	to	to	ADP
cblr-7157	494	30	the	the	DET
cblr-7157	494	31	corporation	corporation	NOUN
cblr-7157	494	32	and	and	CCONJ
cblr-7157	494	33	have	have	AUX
cblr-7157	494	34	offered	offer	VERB
cblr-7157	494	35	no	no	DET
cblr-7157	494	36	consideration	consideration	NOUN
cblr-7157	494	37	to	to	ADP
cblr-7157	494	38	it	it	PRON
cblr-7157	494	39	.	.	PUNCT
cblr-7157	494	40	”	"	PUNCT
cblr-7157	494	41	)	)	PUNCT
cblr-7157	494	42	.	.	PUNCT
cblr-7157	495	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	495	2	(	(	PUNCT
cblr-7157	495	3	do	do	AUX
cblr-7157	495	4	not	not	PART
cblr-7157	495	5	delte	delte	VERB
cblr-7157	495	6	)	)	PUNCT
cblr-7157	495	7	10/2/2020	10/2/2020	NUM
cblr-7157	495	8	11:44	11:44	NUM
cblr-7157	495	9	am	be	AUX
cblr-7157	495	10	34	34	NUM
cblr-7157	495	11	columbia	columbia	PROPN
cblr-7157	495	12	business	business	NOUN
cblr-7157	495	13	law	law	PROPN
cblr-7157	495	14	review	review	NOUN
cblr-7157	496	1	[	[	X
cblr-7157	496	2	vol	vol	NOUN
cblr-7157	496	3	.	.	PUNCT
cblr-7157	496	4	2020	2020	NUM
cblr-7157	496	5	corporation	corporation	NOUN
cblr-7157	496	6	,	,	PUNCT
cblr-7157	496	7	making	make	VERB
cblr-7157	496	8	the	the	DET
cblr-7157	496	9	corporation	corporation	NOUN
cblr-7157	496	10	an	an	DET
cblr-7157	496	11	“	"	PUNCT
cblr-7157	496	12	odd	odd	ADJ
cblr-7157	496	13	creature	creature	NOUN
cblr-7157	496	14	”	"	PUNCT
cblr-7157	496	15	when	when	SCONJ
cblr-7157	496	16	viewed	view	VERB
cblr-7157	496	17	as	as	ADP
cblr-7157	496	18	a	a	DET
cblr-7157	496	19	contract.107	contract.107	NOUN
cblr-7157	496	20	the	the	DET
cblr-7157	496	21	corporate	corporate	ADJ
cblr-7157	496	22	“	"	PUNCT
cblr-7157	496	23	contract	contract	NOUN
cblr-7157	496	24	”	"	PUNCT
cblr-7157	496	25	with	with	ADP
cblr-7157	496	26	shareholders	shareholder	NOUN
cblr-7157	496	27	can	can	AUX
cblr-7157	496	28	also	also	ADV
cblr-7157	496	29	be	be	AUX
cblr-7157	496	30	amended	amend	VERB
cblr-7157	496	31	over	over	ADP
cblr-7157	496	32	the	the	DET
cblr-7157	496	33	objection	objection	NOUN
cblr-7157	496	34	of	of	ADP
cblr-7157	496	35	some	some	PRON
cblr-7157	496	36	or	or	CCONJ
cblr-7157	496	37	most	most	ADJ
cblr-7157	496	38	of	of	ADP
cblr-7157	496	39	the	the	DET
cblr-7157	496	40	“	"	PUNCT
cblr-7157	496	41	parties	party	NOUN
cblr-7157	496	42	,	,	PUNCT
cblr-7157	496	43	”	"	PUNCT
cblr-7157	496	44	by	by	ADP
cblr-7157	496	45	amending	amend	VERB
cblr-7157	496	46	the	the	DET
cblr-7157	496	47	corporate	corporate	ADJ
cblr-7157	496	48	charter	charter	NOUN
cblr-7157	496	49	or	or	CCONJ
cblr-7157	496	50	bylaws	bylaw	NOUN
cblr-7157	496	51	,	,	PUNCT
cblr-7157	496	52	as	as	ADV
cblr-7157	496	53	well	well	ADV
cblr-7157	496	54	as	as	ADP
cblr-7157	496	55	by	by	ADP
cblr-7157	496	56	changing	change	VERB
cblr-7157	496	57	the	the	DET
cblr-7157	496	58	relevant	relevant	ADJ
cblr-7157	496	59	corporate	corporate	ADJ
cblr-7157	496	60	statute	statute	NOUN
cblr-7157	496	61	or	or	CCONJ
cblr-7157	496	62	applicable	applicable	ADJ
cblr-7157	496	63	case	case	NOUN
cblr-7157	496	64	law	law	NOUN
cblr-7157	496	65	.	.	PUNCT
cblr-7157	497	1	the	the	DET
cblr-7157	497	2	idea	idea	NOUN
cblr-7157	497	3	of	of	ADP
cblr-7157	497	4	unilateral	unilateral	ADJ
cblr-7157	497	5	amendments	amendment	NOUN
cblr-7157	497	6	to	to	ADP
cblr-7157	497	7	the	the	DET
cblr-7157	497	8	“	"	PUNCT
cblr-7157	497	9	contract	contract	NOUN
cblr-7157	497	10	”	"	PUNCT
cblr-7157	497	11	between	between	ADP
cblr-7157	497	12	the	the	DET
cblr-7157	497	13	corporation	corporation	NOUN
cblr-7157	497	14	and	and	CCONJ
cblr-7157	497	15	its	its	PRON
cblr-7157	497	16	shareholders	shareholder	NOUN
cblr-7157	497	17	raises	raise	VERB
cblr-7157	497	18	a	a	DET
cblr-7157	497	19	number	number	NOUN
cblr-7157	497	20	of	of	ADP
cblr-7157	497	21	puzzling	puzzle	VERB
cblr-7157	497	22	issues.108	issues.108	VERB
cblr-7157	497	23	the	the	DET
cblr-7157	497	24	fact	fact	NOUN
cblr-7157	497	25	that	that	SCONJ
cblr-7157	497	26	the	the	DET
cblr-7157	497	27	“	"	PUNCT
cblr-7157	497	28	contract	contract	NOUN
cblr-7157	497	29	”	"	PUNCT
cblr-7157	497	30	can	can	AUX
cblr-7157	497	31	change	change	VERB
cblr-7157	497	32	without	without	ADP
cblr-7157	497	33	assent	assent	NOUN
cblr-7157	497	34	from	from	ADP
cblr-7157	497	35	or	or	CCONJ
cblr-7157	497	36	even	even	ADV
cblr-7157	497	37	notice	notice	VERB
cblr-7157	497	38	to	to	ADP
cblr-7157	497	39	all	all	DET
cblr-7157	497	40	the	the	DET
cblr-7157	497	41	“	"	PUNCT
cblr-7157	497	42	parties	party	NOUN
cblr-7157	497	43	”	"	PUNCT
cblr-7157	497	44	seems	seem	VERB
cblr-7157	497	45	incongruous	incongruous	ADJ
cblr-7157	497	46	(	(	PUNCT
cblr-7157	497	47	but	but	CCONJ
cblr-7157	497	48	not	not	PART
cblr-7157	497	49	entirely	entirely	ADV
cblr-7157	497	50	unheard	unheard	ADJ
cblr-7157	497	51	of	of	ADP
cblr-7157	497	52	)	)	PUNCT
cblr-7157	497	53	as	as	ADP
cblr-7157	497	54	a	a	DET
cblr-7157	497	55	matter	matter	NOUN
cblr-7157	497	56	of	of	ADP
cblr-7157	497	57	contract	contract	NOUN
cblr-7157	497	58	law.109	law.109	NOUN
cblr-7157	497	59	but	but	CCONJ
cblr-7157	497	60	this	this	PRON
cblr-7157	497	61	makes	make	VERB
cblr-7157	497	62	more	more	ADJ
cblr-7157	497	63	sense	sense	NOUN
cblr-7157	497	64	,	,	PUNCT
cblr-7157	497	65	however	however	ADV
cblr-7157	497	66	,	,	PUNCT
cblr-7157	497	67	when	when	SCONJ
cblr-7157	497	68	one	one	PRON
cblr-7157	497	69	realizes	realize	VERB
cblr-7157	497	70	that	that	SCONJ
cblr-7157	497	71	the	the	DET
cblr-7157	497	72	mechanism	mechanism	NOUN
cblr-7157	497	73	for	for	ADP
cblr-7157	497	74	changing	change	VERB
cblr-7157	497	75	the	the	DET
cblr-7157	497	76	corporate	corporate	ADJ
cblr-7157	497	77	“	"	PUNCT
cblr-7157	497	78	contract	contract	NOUN
cblr-7157	497	79	”	"	PUNCT
cblr-7157	497	80	are	be	AUX
cblr-7157	497	81	not	not	PART
cblr-7157	497	82	really	really	ADV
cblr-7157	497	83	contract	contract	NOUN
cblr-7157	497	84	-	-	PUNCT
cblr-7157	497	85	based	base	VERB
cblr-7157	497	86	rules	rule	NOUN
cblr-7157	497	87	;	;	PUNCT
cblr-7157	497	88	they	they	PRON
cblr-7157	497	89	are	be	AUX
cblr-7157	497	90	more	more	ADV
cblr-7157	497	91	analogous	analogous	ADJ
cblr-7157	497	92	to	to	PART
cblr-7157	497	93	trusts.110	trusts.110	VERB
cblr-7157	497	94	the	the	DET
cblr-7157	497	95	contractarian	contractarian	ADJ
cblr-7157	497	96	theory	theory	NOUN
cblr-7157	497	97	excels	excel	VERB
cblr-7157	497	98	in	in	ADP
cblr-7157	497	99	explaining	explain	VERB
cblr-7157	497	100	why	why	SCONJ
cblr-7157	497	101	so	so	ADV
cblr-7157	497	102	few	few	ADJ
cblr-7157	497	103	mandatory	mandatory	ADJ
cblr-7157	497	104	rules	rule	NOUN
cblr-7157	497	105	exist	exist	VERB
cblr-7157	497	106	in	in	ADP
cblr-7157	497	107	corporate	corporate	ADJ
cblr-7157	497	108	law	law	NOUN
cblr-7157	497	109	,	,	PUNCT
cblr-7157	497	110	however	however	ADV
cblr-7157	497	111	it	it	PRON
cblr-7157	497	112	struggles	struggle	VERB
cblr-7157	497	113	to	to	PART
cblr-7157	497	114	explain	explain	VERB
cblr-7157	497	115	the	the	DET
cblr-7157	497	116	few	few	ADJ
cblr-7157	497	117	but	but	CCONJ
cblr-7157	497	118	foundational	foundational	ADJ
cblr-7157	497	119	mandatory	mandatory	ADJ
cblr-7157	497	120	rules	rule	NOUN
cblr-7157	497	121	that	that	PRON
cblr-7157	497	122	do	do	AUX
cblr-7157	497	123	exist	exist	VERB
cblr-7157	497	124	.	.	PUNCT
cblr-7157	498	1	the	the	DET
cblr-7157	498	2	most	most	ADV
cblr-7157	498	3	foundational	foundational	ADJ
cblr-7157	498	4	mandatory	mandatory	ADJ
cblr-7157	498	5	rule	rule	NOUN
cblr-7157	498	6	is	be	AUX
cblr-7157	498	7	the	the	DET
cblr-7157	498	8	limited	limited	ADJ
cblr-7157	498	9	number	number	NOUN
cblr-7157	498	10	of	of	ADP
cblr-7157	498	11	organizational	organizational	ADJ
cblr-7157	498	12	forms	form	NOUN
cblr-7157	498	13	from	from	ADP
cblr-7157	498	14	which	which	PRON
cblr-7157	498	15	entrepreneurs	entrepreneur	NOUN
cblr-7157	498	16	may	may	AUX
cblr-7157	498	17	select.111	select.111	VERB
cblr-7157	498	18	the	the	DET
cblr-7157	498	19	relatively	relatively	ADV
cblr-7157	498	20	small	small	ADJ
cblr-7157	498	21	number	number	NOUN
cblr-7157	498	22	of	of	ADP
cblr-7157	498	23	standardized	standardized	ADJ
cblr-7157	498	24	forms	form	NOUN
cblr-7157	498	25	derives	derive	VERB
cblr-7157	498	26	more	more	ADV
cblr-7157	498	27	from	from	ADP
cblr-7157	498	28	the	the	DET
cblr-7157	498	29	“	"	PUNCT
cblr-7157	498	30	numerus	numerus	X
cblr-7157	498	31	clausus	clausus	NOUN
cblr-7157	498	32	”	"	PUNCT
cblr-7157	498	33	concept	concept	NOUN
cblr-7157	498	34	in	in	ADP
cblr-7157	498	35	property	property	NOUN
cblr-7157	498	36	law	law	NOUN
cblr-7157	498	37	than	than	ADP
cblr-7157	498	38	the	the	DET
cblr-7157	498	39	infinite	infinite	ADJ
cblr-7157	498	40	variability	variability	NOUN
cblr-7157	498	41	principle	principle	NOUN
cblr-7157	498	42	of	of	ADP
cblr-7157	498	43	contract	contract	NOUN
cblr-7157	498	44	law.112	law.112	NOUN
cblr-7157	498	45	moving	move	VERB
cblr-7157	498	46	beyond	beyond	ADP
cblr-7157	498	47	organizational	organizational	ADJ
cblr-7157	498	48	form	form	NOUN
cblr-7157	498	49	,	,	PUNCT
cblr-7157	498	50	probably	probably	ADV
cblr-7157	498	51	the	the	DET
cblr-7157	498	52	most	most	ADV
cblr-7157	498	53	well	well	ADV
cblr-7157	498	54	-	-	PUNCT
cblr-7157	498	55	known	know	VERB
cblr-7157	498	56	and	and	CCONJ
cblr-7157	498	57	difficult	difficult	ADJ
cblr-7157	498	58	problem	problem	NOUN
cblr-7157	498	59	for	for	ADP
cblr-7157	498	60	the	the	DET
cblr-7157	498	61	contractarian	contractarian	ADJ
cblr-7157	498	62	theory	theory	NOUN
cblr-7157	498	63	is	be	AUX
cblr-7157	498	64	the	the	DET
cblr-7157	498	65	existence	existence	NOUN
cblr-7157	498	66	of	of	ADP
cblr-7157	498	67	mandatory	mandatory	ADJ
cblr-7157	498	68	fiduciary	fiduciary	ADJ
cblr-7157	498	69	duties	duty	NOUN
cblr-7157	498	70	,	,	PUNCT
cblr-7157	498	71	obligations	obligation	NOUN
cblr-7157	498	72	uncommon	uncommon	ADJ
cblr-7157	498	73	in	in	ADP
cblr-7157	498	74	contract	contract	NOUN
cblr-7157	498	75	but	but	CCONJ
cblr-7157	498	76	standard	standard	NOUN
cblr-7157	498	77	in	in	ADP
cblr-7157	498	78	property	property	NOUN
cblr-7157	498	79	-	-	PUNCT
cblr-7157	498	80	like	like	ADJ
cblr-7157	498	81	settings	setting	NOUN
cblr-7157	498	82	such	such	ADJ
cblr-7157	498	83	as	as	ADP
cblr-7157	498	84	trust	trust	NOUN
cblr-7157	498	85	law.113	law.113	VERB
cblr-7157	498	86	another	another	DET
cblr-7157	498	87	challenge	challenge	NOUN
cblr-7157	498	88	for	for	ADP
cblr-7157	498	89	the	the	DET
cblr-7157	498	90	contractarian	contractarian	ADJ
cblr-7157	498	91	107	107	NUM
cblr-7157	499	1	i	i	PRON
cblr-7157	499	2	d.	d.	PROPN
cblr-7157	499	3	108	108	NUM
cblr-7157	499	4	see	see	VERB
cblr-7157	499	5	albert	albert	PROPN
cblr-7157	499	6	h.	h.	PROPN
cblr-7157	499	7	choi	choi	PROPN
cblr-7157	499	8	&	&	CCONJ
cblr-7157	499	9	geeyoung	geeyoung	PROPN
cblr-7157	499	10	min	min	PROPN
cblr-7157	499	11	,	,	PUNCT
cblr-7157	499	12	contractarian	contractarian	ADJ
cblr-7157	499	13	theory	theory	NOUN
cblr-7157	499	14	and	and	CCONJ
cblr-7157	499	15	unilateral	unilateral	ADJ
cblr-7157	499	16	bylaw	bylaw	NOUN
cblr-7157	499	17	amendments	amendment	NOUN
cblr-7157	499	18	,	,	PUNCT
cblr-7157	499	19	104	104	NUM
cblr-7157	499	20	iowa	iowa	PROPN
cblr-7157	499	21	l.	l.	PROPN
cblr-7157	499	22	rev	rev	PROPN
cblr-7157	499	23	.	.	PROPN
cblr-7157	499	24	1	1	NUM
cblr-7157	499	25	,	,	PUNCT
cblr-7157	499	26	21–32	21–32	NUM
cblr-7157	499	27	(	(	PUNCT
cblr-7157	499	28	2018	2018	NUM
cblr-7157	499	29	)	)	PUNCT
cblr-7157	499	30	(	(	PUNCT
cblr-7157	499	31	discussing	discuss	VERB
cblr-7157	499	32	the	the	DET
cblr-7157	499	33	application	application	NOUN
cblr-7157	499	34	of	of	ADP
cblr-7157	499	35	contract	contract	NOUN
cblr-7157	499	36	principles	principle	NOUN
cblr-7157	499	37	to	to	ADP
cblr-7157	499	38	unilateral	unilateral	ADJ
cblr-7157	499	39	bylaw	bylaw	NOUN
cblr-7157	499	40	amendments	amendment	NOUN
cblr-7157	499	41	)	)	PUNCT
cblr-7157	499	42	.	.	PUNCT
cblr-7157	500	1	109	109	NUM
cblr-7157	500	2	see	see	VERB
cblr-7157	500	3	lipton	lipton	PROPN
cblr-7157	500	4	,	,	PUNCT
cblr-7157	500	5	supra	supra	PROPN
cblr-7157	500	6	note	note	NOUN
cblr-7157	500	7	106	106	NUM
cblr-7157	500	8	,	,	PUNCT
cblr-7157	500	9	at	at	ADP
cblr-7157	500	10	603–05	603–05	NUM
cblr-7157	500	11	.	.	PUNCT
cblr-7157	501	1	110	110	NUM
cblr-7157	501	2	see	see	VERB
cblr-7157	501	3	i	i	PRON
cblr-7157	501	4	d.	d.	PROPN
cblr-7157	501	5	at	at	ADP
cblr-7157	501	6	587	587	NUM
cblr-7157	501	7	.	.	PUNCT
cblr-7157	501	8	111	111	NUM
cblr-7157	501	9	see	see	VERB
cblr-7157	501	10	i	i	PROPN
cblr-7157	501	11	d.	d.	PROPN
cblr-7157	501	12	at	at	ADP
cblr-7157	501	13	619	619	NUM
cblr-7157	501	14	.	.	PUNCT
cblr-7157	502	1	112	112	NUM
cblr-7157	502	2	see	see	VERB
cblr-7157	502	3	i	i	PRON
cblr-7157	502	4	d.	d.	PROPN
cblr-7157	502	5	at	at	ADP
cblr-7157	502	6	619	619	NUM
cblr-7157	502	7	(	(	PUNCT
cblr-7157	502	8	explaining	explain	VERB
cblr-7157	502	9	how	how	SCONJ
cblr-7157	502	10	the	the	DET
cblr-7157	502	11	limited	limited	ADJ
cblr-7157	502	12	number	number	NOUN
cblr-7157	502	13	of	of	ADP
cblr-7157	502	14	standardized	standardized	ADJ
cblr-7157	502	15	entity	entity	NOUN
cblr-7157	502	16	forms	form	NOUN
cblr-7157	502	17	resembles	resemble	VERB
cblr-7157	502	18	the	the	DET
cblr-7157	502	19	limited	limited	ADJ
cblr-7157	502	20	number	number	NOUN
cblr-7157	502	21	of	of	ADP
cblr-7157	502	22	tenancies	tenancy	NOUN
cblr-7157	502	23	in	in	ADP
cblr-7157	502	24	property	property	NOUN
cblr-7157	502	25	law	law	NOUN
cblr-7157	502	26	)	)	PUNCT
cblr-7157	502	27	.	.	PUNCT
cblr-7157	503	1	113	113	NUM
cblr-7157	503	2	there	there	PRON
cblr-7157	503	3	is	be	VERB
cblr-7157	503	4	debate	debate	NOUN
cblr-7157	503	5	about	about	ADP
cblr-7157	503	6	whether	whether	SCONJ
cblr-7157	503	7	trust	trust	NOUN
cblr-7157	503	8	law	law	NOUN
cblr-7157	503	9	should	should	AUX
cblr-7157	503	10	be	be	AUX
cblr-7157	503	11	thought	think	VERB
cblr-7157	503	12	of	of	ADP
cblr-7157	503	13	as	as	ADP
cblr-7157	503	14	contract	contract	NOUN
cblr-7157	503	15	or	or	CCONJ
cblr-7157	503	16	property	property	NOUN
cblr-7157	503	17	.	.	PUNCT
cblr-7157	504	1	see	see	VERB
cblr-7157	504	2	john	john	PROPN
cblr-7157	504	3	h.	h.	PROPN
cblr-7157	504	4	langbein	langbein	PROPN
cblr-7157	504	5	,	,	PUNCT
cblr-7157	504	6	the	the	DET
cblr-7157	504	7	contractarian	contractarian	ADJ
cblr-7157	504	8	basis	basis	NOUN
cblr-7157	504	9	of	of	ADP
cblr-7157	504	10	the	the	DET
cblr-7157	504	11	law	law	NOUN
cblr-7157	504	12	of	of	ADP
cblr-7157	504	13	trusts	trust	NOUN
cblr-7157	504	14	,	,	PUNCT
cblr-7157	504	15	105	105	NUM
cblr-7157	504	16	yale	yale	PROPN
cblr-7157	504	17	l.j	l.j	PROPN
cblr-7157	504	18	.	.	PROPN
cblr-7157	504	19	625	625	NUM
cblr-7157	504	20	,	,	PUNCT
cblr-7157	504	21	671	671	NUM
cblr-7157	504	22	(	(	PUNCT
cblr-7157	504	23	1995	1995	NUM
cblr-7157	504	24	)	)	PUNCT
cblr-7157	504	25	.	.	PUNCT
cblr-7157	505	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	505	2	(	(	PUNCT
cblr-7157	505	3	do	do	AUX
cblr-7157	505	4	not	not	PART
cblr-7157	505	5	delete	delete	VERB
cblr-7157	505	6	)	)	PUNCT
cblr-7157	505	7	10/2/2020	10/2/2020	NUM
cblr-7157	505	8	11:44	11:44	NUM
cblr-7157	505	9	am	be	AUX
cblr-7157	505	10	no	no	NOUN
cblr-7157	505	11	.	.	PUNCT
cblr-7157	505	12	1:1	1:1	NUM
cblr-7157	505	13	]	]	X
cblr-7157	505	14	a	a	DET
cblr-7157	505	15	property	property	NOUN
cblr-7157	505	16	theory	theory	NOUN
cblr-7157	505	17	35	35	NUM
cblr-7157	505	18	approach	approach	NOUN
cblr-7157	505	19	is	be	AUX
cblr-7157	505	20	explaining	explain	VERB
cblr-7157	505	21	the	the	DET
cblr-7157	505	22	many	many	ADJ
cblr-7157	505	23	in	in	ADP
cblr-7157	505	24	rem	rem	NOUN
cblr-7157	505	25	features	feature	NOUN
cblr-7157	505	26	of	of	ADP
cblr-7157	505	27	the	the	DET
cblr-7157	505	28	corporate	corporate	ADJ
cblr-7157	505	29	entity	entity	NOUN
cblr-7157	505	30	,	,	PUNCT
cblr-7157	505	31	which	which	PRON
cblr-7157	505	32	are	be	AUX
cblr-7157	505	33	nearly	nearly	ADV
cblr-7157	505	34	unknown	unknown	ADJ
cblr-7157	505	35	in	in	ADP
cblr-7157	505	36	contract	contract	NOUN
cblr-7157	505	37	but	but	CCONJ
cblr-7157	505	38	ubiquitous	ubiquitous	ADJ
cblr-7157	505	39	in	in	ADP
cblr-7157	505	40	property.114	property.114	NOUN
cblr-7157	505	41	these	these	PRON
cblr-7157	505	42	and	and	CCONJ
cblr-7157	505	43	other	other	ADJ
cblr-7157	505	44	tensions	tension	NOUN
cblr-7157	505	45	between	between	ADP
cblr-7157	505	46	corporate	corporate	ADJ
cblr-7157	505	47	law	law	NOUN
cblr-7157	505	48	and	and	CCONJ
cblr-7157	505	49	contractarian	contractarian	ADJ
cblr-7157	505	50	theory	theory	NOUN
cblr-7157	505	51	are	be	AUX
cblr-7157	505	52	the	the	DET
cblr-7157	505	53	subject	subject	NOUN
cblr-7157	505	54	of	of	ADP
cblr-7157	505	55	this	this	DET
cblr-7157	505	56	section	section	NOUN
cblr-7157	505	57	.	.	PUNCT
cblr-7157	506	1	as	as	SCONJ
cblr-7157	506	2	described	describe	VERB
cblr-7157	506	3	above	above	ADV
cblr-7157	506	4	,	,	PUNCT
cblr-7157	506	5	easterbrook	easterbrook	PROPN
cblr-7157	506	6	and	and	CCONJ
cblr-7157	506	7	fischel	fischel	PROPN
cblr-7157	506	8	reason	reason	NOUN
cblr-7157	506	9	that	that	SCONJ
cblr-7157	506	10	fiduciary	fiduciary	ADJ
cblr-7157	506	11	duties	duty	NOUN
cblr-7157	506	12	arise	arise	VERB
cblr-7157	506	13	because	because	SCONJ
cblr-7157	506	14	of	of	ADP
cblr-7157	506	15	the	the	DET
cblr-7157	506	16	open	open	ADV
cblr-7157	506	17	-	-	PUNCT
cblr-7157	506	18	ended	end	VERB
cblr-7157	506	19	nature	nature	NOUN
cblr-7157	506	20	of	of	ADP
cblr-7157	506	21	corporate	corporate	ADJ
cblr-7157	506	22	contracts	contract	NOUN
cblr-7157	506	23	,	,	PUNCT
cblr-7157	506	24	combined	combine	VERB
cblr-7157	506	25	with	with	ADP
cblr-7157	506	26	their	their	PRON
cblr-7157	506	27	residual	residual	ADJ
cblr-7157	506	28	claimant	claimant	NOUN
cblr-7157	506	29	status.115	status.115	PROPN
cblr-7157	506	30	indeed	indeed	ADV
cblr-7157	506	31	,	,	PUNCT
cblr-7157	506	32	the	the	DET
cblr-7157	506	33	common	common	ADJ
cblr-7157	506	34	stock	stock	NOUN
cblr-7157	506	35	“	"	PUNCT
cblr-7157	506	36	contract	contract	NOUN
cblr-7157	506	37	”	"	PUNCT
cblr-7157	506	38	is	be	AUX
cblr-7157	506	39	just	just	ADV
cblr-7157	506	40	about	about	ADV
cblr-7157	506	41	as	as	ADV
cblr-7157	506	42	open	open	ADV
cblr-7157	506	43	-	-	PUNCT
cblr-7157	506	44	ended	end	VERB
cblr-7157	506	45	as	as	SCONJ
cblr-7157	506	46	can	can	AUX
cblr-7157	506	47	be	be	AUX
cblr-7157	506	48	with	with	ADP
cblr-7157	506	49	respect	respect	NOUN
cblr-7157	506	50	to	to	ADP
cblr-7157	506	51	common	common	ADJ
cblr-7157	506	52	stockholders	stockholder	NOUN
cblr-7157	506	53	,	,	PUNCT
cblr-7157	506	54	generally	generally	ADV
cblr-7157	506	55	having	have	VERB
cblr-7157	506	56	few	few	ADJ
cblr-7157	506	57	or	or	CCONJ
cblr-7157	506	58	no	no	PRON
cblr-7157	506	59	explicit	explicit	ADJ
cblr-7157	506	60	terms.116	terms.116	NOUN
cblr-7157	506	61	the	the	DET
cblr-7157	506	62	corporate	corporate	ADJ
cblr-7157	506	63	charter	charter	NOUN
cblr-7157	506	64	prescribes	prescribe	VERB
cblr-7157	506	65	rules	rule	NOUN
cblr-7157	506	66	of	of	ADP
cblr-7157	506	67	governance	governance	NOUN
cblr-7157	506	68	but	but	CCONJ
cblr-7157	506	69	does	do	AUX
cblr-7157	506	70	not	not	PART
cblr-7157	506	71	define	define	VERB
cblr-7157	506	72	any	any	DET
cblr-7157	506	73	specific	specific	ADJ
cblr-7157	506	74	economic	economic	ADJ
cblr-7157	506	75	rights	right	NOUN
cblr-7157	506	76	of	of	ADP
cblr-7157	506	77	the	the	DET
cblr-7157	506	78	common	common	ADJ
cblr-7157	506	79	stockholders.117	stockholders.117	NOUN
cblr-7157	506	80	as	as	ADP
cblr-7157	506	81	a	a	DET
cblr-7157	506	82	result	result	NOUN
cblr-7157	506	83	,	,	PUNCT
cblr-7157	506	84	the	the	DET
cblr-7157	506	85	contractarian	contractarian	ADJ
cblr-7157	506	86	perspective	perspective	NOUN
cblr-7157	506	87	conceives	conceive	NOUN
cblr-7157	506	88	of	of	ADP
cblr-7157	506	89	the	the	DET
cblr-7157	506	90	common	common	ADJ
cblr-7157	506	91	stockholder	stockholder	NOUN
cblr-7157	506	92	relationship	relationship	NOUN
cblr-7157	506	93	with	with	ADP
cblr-7157	506	94	the	the	DET
cblr-7157	506	95	corporation	corporation	NOUN
cblr-7157	506	96	as	as	ADP
cblr-7157	506	97	a	a	DET
cblr-7157	506	98	contract	contract	NOUN
cblr-7157	506	99	with	with	ADP
cblr-7157	506	100	no	no	DET
cblr-7157	506	101	explicit	explicit	ADJ
cblr-7157	506	102	terms	term	NOUN
cblr-7157	506	103	.	.	PUNCT
cblr-7157	507	1	the	the	DET
cblr-7157	507	2	only	only	ADJ
cblr-7157	507	3	rights	right	NOUN
cblr-7157	507	4	are	be	AUX
cblr-7157	507	5	those	those	DET
cblr-7157	507	6	“	"	PUNCT
cblr-7157	507	7	off	off	ADP
cblr-7157	507	8	-	-	PUNCT
cblr-7157	507	9	the	the	DET
cblr-7157	507	10	-	-	PUNCT
cblr-7157	507	11	rack	rack	NOUN
cblr-7157	507	12	”	"	PUNCT
cblr-7157	507	13	default	default	NOUN
cblr-7157	507	14	contract	contract	NOUN
cblr-7157	507	15	law	law	NOUN
cblr-7157	507	16	rights	right	NOUN
cblr-7157	507	17	provided	provide	VERB
cblr-7157	507	18	by	by	ADP
cblr-7157	507	19	the	the	DET
cblr-7157	507	20	state	state	NOUN
cblr-7157	507	21	.	.	PUNCT
cblr-7157	508	1	in	in	ADP
cblr-7157	508	2	the	the	DET
cblr-7157	508	3	nexus	nexus	NOUN
cblr-7157	508	4	of	of	ADP
cblr-7157	508	5	contracts	contract	NOUN
cblr-7157	508	6	approach	approach	NOUN
cblr-7157	508	7	,	,	PUNCT
cblr-7157	508	8	the	the	DET
cblr-7157	508	9	fact	fact	NOUN
cblr-7157	508	10	that	that	SCONJ
cblr-7157	508	11	the	the	DET
cblr-7157	508	12	corporate	corporate	ADJ
cblr-7157	508	13	contract	contract	NOUN
cblr-7157	508	14	does	do	AUX
cblr-7157	508	15	not	not	PART
cblr-7157	508	16	contain	contain	VERB
cblr-7157	508	17	specific	specific	ADJ
cblr-7157	508	18	terms	term	NOUN
cblr-7157	508	19	motivates	motivate	VERB
cblr-7157	508	20	the	the	DET
cblr-7157	508	21	imposition	imposition	NOUN
cblr-7157	508	22	of	of	ADP
cblr-7157	508	23	fiduciary	fiduciary	ADJ
cblr-7157	508	24	duties	duty	NOUN
cblr-7157	508	25	on	on	ADP
cblr-7157	508	26	directors	director	NOUN
cblr-7157	508	27	.	.	PUNCT
cblr-7157	509	1	but	but	CCONJ
cblr-7157	509	2	contracts	contract	NOUN
cblr-7157	509	3	do	do	AUX
cblr-7157	509	4	not	not	PART
cblr-7157	509	5	generally	generally	ADV
cblr-7157	509	6	create	create	VERB
cblr-7157	509	7	fiduciary	fiduciary	ADJ
cblr-7157	509	8	duties,118	duties,118	VERB
cblr-7157	509	9	even	even	ADV
cblr-7157	509	10	when	when	SCONJ
cblr-7157	509	11	contracts	contract	NOUN
cblr-7157	509	12	are	be	AUX
cblr-7157	509	13	114	114	NUM
cblr-7157	509	14	thomas	thomas	PROPN
cblr-7157	509	15	w.	w.	PROPN
cblr-7157	509	16	merrill	merrill	PROPN
cblr-7157	509	17	&	&	CCONJ
cblr-7157	509	18	henry	henry	PROPN
cblr-7157	509	19	e.	e.	PROPN
cblr-7157	509	20	smith	smith	PROPN
cblr-7157	509	21	,	,	PUNCT
cblr-7157	509	22	what	what	PRON
cblr-7157	509	23	happened	happen	VERB
cblr-7157	509	24	to	to	ADP
cblr-7157	509	25	property	property	NOUN
cblr-7157	509	26	in	in	ADP
cblr-7157	509	27	law	law	NOUN
cblr-7157	509	28	and	and	CCONJ
cblr-7157	509	29	economics	economic	NOUN
cblr-7157	509	30	?	?	PUNCT
cblr-7157	509	31	,	,	PUNCT
cblr-7157	509	32	111	111	NUM
cblr-7157	509	33	yale	yale	PROPN
cblr-7157	509	34	l.j	l.j	PROPN
cblr-7157	509	35	.	.	PROPN
cblr-7157	509	36	357	357	NUM
cblr-7157	509	37	,	,	PUNCT
cblr-7157	509	38	360	360	NUM
cblr-7157	509	39	(	(	PUNCT
cblr-7157	509	40	2001	2001	NUM
cblr-7157	509	41	)	)	PUNCT
cblr-7157	509	42	(	(	PUNCT
cblr-7157	509	43	explaining	explain	VERB
cblr-7157	509	44	that	that	SCONJ
cblr-7157	509	45	“	"	PUNCT
cblr-7157	509	46	[	[	X
cblr-7157	509	47	p]roperty	p]roperty	ADJ
cblr-7157	509	48	rights	right	NOUN
cblr-7157	509	49	historically	historically	ADV
cblr-7157	509	50	have	have	AUX
cblr-7157	509	51	been	be	AUX
cblr-7157	509	52	regarded	regard	VERB
cblr-7157	509	53	as	as	ADP
cblr-7157	509	54	in	in	ADP
cblr-7157	509	55	rem	rem	NOUN
cblr-7157	509	56	”	"	PUNCT
cblr-7157	509	57	)	)	PUNCT
cblr-7157	509	58	.	.	PUNCT
cblr-7157	510	1	115	115	NUM
cblr-7157	510	2	see	see	VERB
cblr-7157	510	3	supra	supra	PROPN
cblr-7157	510	4	section	section	PROPN
cblr-7157	510	5	ii.b	ii.b	PROPN
cblr-7157	510	6	.	.	PUNCT
cblr-7157	511	1	116	116	NUM
cblr-7157	511	2	see	see	VERB
cblr-7157	511	3	infra	infra	NOUN
cblr-7157	511	4	section	section	NOUN
cblr-7157	511	5	v.a	v.a	PROPN
cblr-7157	511	6	.	.	PROPN
cblr-7157	511	7	117	117	NUM
cblr-7157	511	8	indeed	indeed	ADV
cblr-7157	511	9	,	,	PUNCT
cblr-7157	511	10	as	as	SCONJ
cblr-7157	511	11	explained	explain	VERB
cblr-7157	511	12	in	in	ADP
cblr-7157	511	13	section	section	NOUN
cblr-7157	511	14	iv.b	iv.b	PROPN
cblr-7157	511	15	,	,	PUNCT
cblr-7157	511	16	infra	infra	NOUN
cblr-7157	511	17	,	,	PUNCT
cblr-7157	511	18	it	it	PRON
cblr-7157	511	19	is	be	AUX
cblr-7157	511	20	often	often	ADV
cblr-7157	511	21	incoherent	incoherent	ADJ
cblr-7157	511	22	to	to	PART
cblr-7157	511	23	set	set	VERB
cblr-7157	511	24	out	out	ADP
cblr-7157	511	25	economic	economic	ADJ
cblr-7157	511	26	rights	right	NOUN
cblr-7157	511	27	of	of	ADP
cblr-7157	511	28	the	the	DET
cblr-7157	511	29	residual	residual	ADJ
cblr-7157	511	30	economic	economic	ADJ
cblr-7157	511	31	interest	interest	NOUN
cblr-7157	511	32	in	in	ADP
cblr-7157	511	33	the	the	DET
cblr-7157	511	34	corporation	corporation	NOUN
cblr-7157	511	35	.	.	PUNCT
cblr-7157	512	1	118	118	NUM
cblr-7157	512	2	see	see	VERB
cblr-7157	512	3	,	,	PUNCT
cblr-7157	512	4	e.g.	e.g.	ADV
cblr-7157	512	5	,	,	PUNCT
cblr-7157	512	6	saint	saint	PROPN
cblr-7157	512	7	bernard	bernard	PROPN
cblr-7157	512	8	sch	sch	PROPN
cblr-7157	512	9	.	.	PROPN
cblr-7157	512	10	of	of	ADP
cblr-7157	512	11	montville	montville	PROPN
cblr-7157	512	12	,	,	PUNCT
cblr-7157	512	13	inc	inc	PROPN
cblr-7157	512	14	.	.	PROPN
cblr-7157	513	1	v.	v.	ADP
cblr-7157	513	2	bank	bank	PROPN
cblr-7157	513	3	of	of	ADP
cblr-7157	513	4	am	am	PROPN
cblr-7157	513	5	.	.	PUNCT
cblr-7157	513	6	,	,	PUNCT
cblr-7157	513	7	95	95	NUM
cblr-7157	513	8	a.3d	a.3d	SYM
cblr-7157	513	9	1063	1063	NUM
cblr-7157	513	10	,	,	PUNCT
cblr-7157	513	11	1078	1078	NUM
cblr-7157	513	12	(	(	PUNCT
cblr-7157	513	13	conn	conn	PROPN
cblr-7157	513	14	.	.	PROPN
cblr-7157	513	15	2014	2014	NUM
cblr-7157	513	16	)	)	PUNCT
cblr-7157	514	1	(	(	PUNCT
cblr-7157	514	2	“	"	PUNCT
cblr-7157	514	3	[	[	X
cblr-7157	514	4	a	a	X
cblr-7157	514	5	]	]	X
cblr-7157	514	6	mere	mere	ADJ
cblr-7157	514	7	contractual	contractual	ADJ
cblr-7157	514	8	relationship	relationship	NOUN
cblr-7157	514	9	does	do	AUX
cblr-7157	514	10	not	not	PART
cblr-7157	514	11	create	create	VERB
cblr-7157	514	12	a	a	DET
cblr-7157	514	13	fiduciary	fiduciary	ADJ
cblr-7157	514	14	or	or	CCONJ
cblr-7157	514	15	confidential	confidential	ADJ
cblr-7157	514	16	relationship	relationship	NOUN
cblr-7157	514	17	.	.	PUNCT
cblr-7157	514	18	”	"	PUNCT
cblr-7157	514	19	)	)	PUNCT
cblr-7157	514	20	.	.	PUNCT
cblr-7157	515	1	delaware	delaware	PROPN
cblr-7157	515	2	courts	court	NOUN
cblr-7157	515	3	have	have	AUX
cblr-7157	515	4	considered	consider	VERB
cblr-7157	515	5	whether	whether	SCONJ
cblr-7157	515	6	contracts	contract	NOUN
cblr-7157	515	7	create	create	VERB
cblr-7157	515	8	fiduciary	fiduciary	ADJ
cblr-7157	515	9	duties	duty	NOUN
cblr-7157	515	10	in	in	ADP
cblr-7157	515	11	various	various	ADJ
cblr-7157	515	12	contexts	contexts	NOUN
cblr-7157	515	13	(	(	PUNCT
cblr-7157	515	14	even	even	ADV
cblr-7157	515	15	in	in	ADP
cblr-7157	515	16	open	open	ADJ
cblr-7157	515	17	-	-	PUNCT
cblr-7157	515	18	ended	end	VERB
cblr-7157	515	19	contexts	context	NOUN
cblr-7157	515	20	such	such	ADJ
cblr-7157	515	21	as	as	ADP
cblr-7157	515	22	that	that	PRON
cblr-7157	515	23	of	of	ADP
cblr-7157	515	24	the	the	DET
cblr-7157	515	25	insurer	insurer	NOUN
cblr-7157	515	26	-	-	PUNCT
cblr-7157	515	27	insured	insure	VERB
cblr-7157	515	28	,	,	PUNCT
cblr-7157	515	29	and	and	CCONJ
cblr-7157	515	30	plan	plan	VERB
cblr-7157	515	31	administrator	administrator	NOUN
cblr-7157	515	32	-	-	PUNCT
cblr-7157	515	33	participant	participant	NOUN
cblr-7157	515	34	)	)	PUNCT
cblr-7157	515	35	,	,	PUNCT
cblr-7157	515	36	and	and	CCONJ
cblr-7157	515	37	found	find	VERB
cblr-7157	515	38	none	none	NOUN
cblr-7157	515	39	.	.	PUNCT
cblr-7157	516	1	see	see	VERB
cblr-7157	516	2	crosse	crosse	PROPN
cblr-7157	516	3	v.	v.	ADP
cblr-7157	516	4	bcbsd	bcbsd	PROPN
cblr-7157	516	5	,	,	PUNCT
cblr-7157	516	6	inc	inc	PROPN
cblr-7157	516	7	.	.	PROPN
cblr-7157	516	8	,	,	PUNCT
cblr-7157	516	9	836	836	NUM
cblr-7157	516	10	a.2d	a.2d	SYM
cblr-7157	516	11	492	492	NUM
cblr-7157	516	12	,	,	PUNCT
cblr-7157	516	13	497	497	NUM
cblr-7157	516	14	(	(	PUNCT
cblr-7157	516	15	del	del	PROPN
cblr-7157	516	16	.	.	PROPN
cblr-7157	516	17	2003	2003	NUM
cblr-7157	516	18	)	)	PUNCT
cblr-7157	516	19	(	(	PUNCT
cblr-7157	516	20	finding	find	VERB
cblr-7157	516	21	that	that	SCONJ
cblr-7157	516	22	a	a	DET
cblr-7157	516	23	health	health	NOUN
cblr-7157	516	24	services	service	NOUN
cblr-7157	516	25	corporation	corporation	NOUN
cblr-7157	516	26	did	do	AUX
cblr-7157	516	27	not	not	PART
cblr-7157	516	28	owe	owe	VERB
cblr-7157	516	29	a	a	DET
cblr-7157	516	30	fiduciary	fiduciary	ADJ
cblr-7157	516	31	duty	duty	NOUN
cblr-7157	516	32	to	to	PART
cblr-7157	516	33	plan	plan	VERB
cblr-7157	516	34	participants	participant	NOUN
cblr-7157	516	35	)	)	PUNCT
cblr-7157	516	36	.	.	PUNCT
cblr-7157	517	1	the	the	DET
cblr-7157	517	2	delaware	delaware	PROPN
cblr-7157	517	3	supreme	supreme	PROPN
cblr-7157	517	4	court	court	PROPN
cblr-7157	517	5	had	have	AUX
cblr-7157	517	6	previously	previously	ADV
cblr-7157	517	7	held	hold	VERB
cblr-7157	517	8	that	that	SCONJ
cblr-7157	517	9	:	:	PUNCT
cblr-7157	517	10	the	the	DET
cblr-7157	517	11	concept	concept	NOUN
cblr-7157	517	12	of	of	ADP
cblr-7157	517	13	a	a	DET
cblr-7157	517	14	fiduciary	fiduciary	ADJ
cblr-7157	517	15	relationship	relationship	NOUN
cblr-7157	517	16	,	,	PUNCT
cblr-7157	517	17	which	which	PRON
cblr-7157	517	18	derives	derive	VERB
cblr-7157	517	19	from	from	ADP
cblr-7157	517	20	the	the	DET
cblr-7157	517	21	law	law	NOUN
cblr-7157	517	22	of	of	ADP
cblr-7157	517	23	trusts	trust	NOUN
cblr-7157	517	24	,	,	PUNCT
cblr-7157	517	25	is	be	AUX
cblr-7157	517	26	more	more	ADV
cblr-7157	517	27	aptly	aptly	ADV
cblr-7157	517	28	applied	apply	VERB
cblr-7157	517	29	in	in	ADP
cblr-7157	517	30	legal	legal	ADJ
cblr-7157	517	31	relationships	relationship	NOUN
cblr-7157	517	32	where	where	SCONJ
cblr-7157	517	33	the	the	DET
cblr-7157	517	34	interests	interest	NOUN
cblr-7157	517	35	of	of	ADP
cblr-7157	517	36	the	the	DET
cblr-7157	517	37	fiduciary	fiduciary	NOUN
cblr-7157	517	38	and	and	CCONJ
cblr-7157	517	39	the	the	DET
cblr-7157	517	40	beneficiary	beneficiary	NOUN
cblr-7157	517	41	incline	incline	NOUN
cblr-7157	517	42	toward	toward	ADP
cblr-7157	517	43	a	a	DET
cblr-7157	517	44	common	common	ADJ
cblr-7157	517	45	goal	goal	NOUN
cblr-7157	517	46	and	and	CCONJ
cblr-7157	517	47	in	in	ADP
cblr-7157	517	48	which	which	PRON
cblr-7157	517	49	the	the	DET
cblr-7157	517	50	fiduciary	fiduciary	ADJ
cblr-7157	517	51	is	be	AUX
cblr-7157	517	52	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	517	53	(	(	PUNCT
cblr-7157	517	54	do	do	AUX
cblr-7157	517	55	not	not	PART
cblr-7157	517	56	delte	delte	VERB
cblr-7157	517	57	)	)	PUNCT
cblr-7157	517	58	10/2/2020	10/2/2020	NUM
cblr-7157	517	59	11:44	11:44	NUM
cblr-7157	517	60	am	be	AUX
cblr-7157	517	61	36	36	NUM
cblr-7157	517	62	columbia	columbia	PROPN
cblr-7157	517	63	business	business	NOUN
cblr-7157	517	64	law	law	PROPN
cblr-7157	517	65	review	review	NOUN
cblr-7157	517	66	[	[	X
cblr-7157	517	67	vol	vol	NOUN
cblr-7157	517	68	.	.	PUNCT
cblr-7157	517	69	2020	2020	NUM
cblr-7157	517	70	open	open	ADV
cblr-7157	517	71	-	-	PUNCT
cblr-7157	517	72	ended	end	VERB
cblr-7157	517	73	or	or	CCONJ
cblr-7157	517	74	leave	leave	VERB
cblr-7157	517	75	discretion	discretion	NOUN
cblr-7157	517	76	to	to	ADP
cblr-7157	517	77	a	a	DET
cblr-7157	517	78	party	party	NOUN
cblr-7157	517	79	.	.	PUNCT
cblr-7157	518	1	instead	instead	ADV
cblr-7157	518	2	,	,	PUNCT
cblr-7157	518	3	that	that	PRON
cblr-7157	518	4	is	be	AUX
cblr-7157	518	5	where	where	SCONJ
cblr-7157	518	6	the	the	DET
cblr-7157	518	7	duty	duty	NOUN
cblr-7157	518	8	of	of	ADP
cblr-7157	518	9	good	good	ADJ
cblr-7157	518	10	faith	faith	NOUN
cblr-7157	518	11	and	and	CCONJ
cblr-7157	518	12	fair	fair	ADJ
cblr-7157	518	13	dealing	dealing	NOUN
cblr-7157	518	14	steps	step	NOUN
cblr-7157	518	15	in	in	ADP
cblr-7157	518	16	.	.	PUNCT
cblr-7157	519	1	for	for	ADP
cblr-7157	519	2	example	example	NOUN
cblr-7157	519	3	,	,	PUNCT
cblr-7157	519	4	at	at	ADP
cblr-7157	519	5	-	-	PUNCT
cblr-7157	519	6	will	will	AUX
cblr-7157	519	7	employment	employment	NOUN
cblr-7157	519	8	relationships	relationship	NOUN
cblr-7157	519	9	are	be	AUX
cblr-7157	519	10	often	often	ADV
cblr-7157	519	11	formed	form	VERB
cblr-7157	519	12	without	without	ADP
cblr-7157	519	13	a	a	DET
cblr-7157	519	14	written	write	VERB
cblr-7157	519	15	contract	contract	NOUN
cblr-7157	519	16	,	,	PUNCT
cblr-7157	519	17	and	and	CCONJ
cblr-7157	519	18	yet	yet	ADV
cblr-7157	519	19	employers	employer	NOUN
cblr-7157	519	20	do	do	AUX
cblr-7157	519	21	not	not	PART
cblr-7157	519	22	owe	owe	VERB
cblr-7157	519	23	fiduciary	fiduciary	ADJ
cblr-7157	519	24	duties	duty	NOUN
cblr-7157	519	25	to	to	ADP
cblr-7157	519	26	their	their	PRON
cblr-7157	519	27	employees.119	employees.119	NOUN
cblr-7157	519	28	employees	employee	NOUN
cblr-7157	519	29	may	may	AUX
cblr-7157	519	30	owe	owe	VERB
cblr-7157	519	31	fiduciary	fiduciary	ADJ
cblr-7157	519	32	duties	duty	NOUN
cblr-7157	519	33	to	to	ADP
cblr-7157	519	34	employers	employer	NOUN
cblr-7157	519	35	,	,	PUNCT
cblr-7157	519	36	but	but	CCONJ
cblr-7157	519	37	not	not	PART
cblr-7157	519	38	because	because	SCONJ
cblr-7157	519	39	of	of	ADP
cblr-7157	519	40	the	the	DET
cblr-7157	519	41	open	open	ADJ
cblr-7157	519	42	-	-	PUNCT
cblr-7157	519	43	endedness	endedness	NOUN
cblr-7157	519	44	of	of	ADP
cblr-7157	519	45	the	the	DET
cblr-7157	519	46	contract	contract	NOUN
cblr-7157	519	47	;	;	PUNCT
cblr-7157	519	48	it	it	PRON
cblr-7157	519	49	is	be	AUX
cblr-7157	519	50	because	because	SCONJ
cblr-7157	519	51	of	of	ADP
cblr-7157	519	52	their	their	PRON
cblr-7157	519	53	status	status	NOUN
cblr-7157	519	54	as	as	ADP
cblr-7157	519	55	agents.120	agents.120	ADV
cblr-7157	519	56	indeed	indeed	ADV
cblr-7157	519	57	,	,	PUNCT
cblr-7157	519	58	the	the	DET
cblr-7157	519	59	employee	employee	NOUN
cblr-7157	519	60	example	example	NOUN
cblr-7157	519	61	actually	actually	ADV
cblr-7157	519	62	points	point	VERB
cblr-7157	519	63	the	the	DET
cblr-7157	519	64	other	other	ADJ
cblr-7157	519	65	way	way	NOUN
cblr-7157	519	66	.	.	PUNCT
cblr-7157	520	1	some	some	DET
cblr-7157	520	2	employees	employee	NOUN
cblr-7157	520	3	,	,	PUNCT
cblr-7157	520	4	like	like	ADP
cblr-7157	520	5	corporate	corporate	ADJ
cblr-7157	520	6	officers	officer	NOUN
cblr-7157	520	7	,	,	PUNCT
cblr-7157	520	8	may	may	AUX
cblr-7157	520	9	have	have	VERB
cblr-7157	520	10	fiduciary	fiduciary	ADJ
cblr-7157	520	11	duties	duty	NOUN
cblr-7157	520	12	because	because	SCONJ
cblr-7157	520	13	they	they	PRON
cblr-7157	520	14	are	be	AUX
cblr-7157	520	15	entrusted	entrust	VERB
cblr-7157	520	16	with	with	ADP
cblr-7157	520	17	the	the	DET
cblr-7157	520	18	ability	ability	NOUN
cblr-7157	520	19	to	to	PART
cblr-7157	520	20	alter	alter	VERB
cblr-7157	520	21	the	the	DET
cblr-7157	520	22	legal	legal	ADJ
cblr-7157	520	23	relations	relation	NOUN
cblr-7157	520	24	of	of	ADP
cblr-7157	520	25	their	their	PRON
cblr-7157	520	26	employer	employer	NOUN
cblr-7157	520	27	,	,	PUNCT
cblr-7157	520	28	often	often	ADV
cblr-7157	520	29	implicating	implicate	VERB
cblr-7157	520	30	the	the	DET
cblr-7157	520	31	employer	employer	NOUN
cblr-7157	520	32	’s	’s	PART
cblr-7157	520	33	property	property	NOUN
cblr-7157	520	34	,	,	PUNCT
cblr-7157	520	35	and	and	CCONJ
cblr-7157	520	36	those	those	DET
cblr-7157	520	37	duties	duty	NOUN
cblr-7157	520	38	are	be	AUX
cblr-7157	520	39	imposed	impose	VERB
cblr-7157	520	40	without	without	ADP
cblr-7157	520	41	regard	regard	NOUN
cblr-7157	520	42	to	to	ADP
cblr-7157	520	43	the	the	DET
cblr-7157	520	44	open	open	ADJ
cblr-7157	520	45	-	-	PUNCT
cblr-7157	520	46	endedness	endedness	NOUN
cblr-7157	520	47	of	of	ADP
cblr-7157	520	48	the	the	DET
cblr-7157	520	49	employment	employment	NOUN
cblr-7157	520	50	contract.121	contract.121	NOUN
cblr-7157	520	51	there	there	ADV
cblr-7157	520	52	is	be	AUX
cblr-7157	520	53	another	another	DET
cblr-7157	520	54	problem	problem	NOUN
cblr-7157	520	55	with	with	ADP
cblr-7157	520	56	the	the	DET
cblr-7157	520	57	idea	idea	NOUN
cblr-7157	520	58	that	that	SCONJ
cblr-7157	520	59	contractual	contractual	ADJ
cblr-7157	520	60	incompleteness	incompleteness	NOUN
cblr-7157	520	61	leads	lead	VERB
cblr-7157	520	62	to	to	ADP
cblr-7157	520	63	the	the	DET
cblr-7157	520	64	imposition	imposition	NOUN
cblr-7157	520	65	of	of	ADP
cblr-7157	520	66	fiduciary	fiduciary	ADJ
cblr-7157	520	67	duties	duty	NOUN
cblr-7157	520	68	.	.	PUNCT
cblr-7157	521	1	just	just	ADV
cblr-7157	521	2	as	as	SCONJ
cblr-7157	521	3	the	the	DET
cblr-7157	521	4	corporate	corporate	ADJ
cblr-7157	521	5	contract	contract	NOUN
cblr-7157	521	6	contains	contain	VERB
cblr-7157	521	7	no	no	DET
cblr-7157	521	8	terms	term	NOUN
cblr-7157	521	9	as	as	ADP
cblr-7157	521	10	to	to	ADP
cblr-7157	521	11	how	how	SCONJ
cblr-7157	521	12	directors	director	NOUN
cblr-7157	521	13	will	will	AUX
cblr-7157	521	14	exercise	exercise	VERB
cblr-7157	521	15	their	their	PRON
cblr-7157	521	16	discretion	discretion	NOUN
cblr-7157	521	17	,	,	PUNCT
cblr-7157	521	18	it	it	PRON
cblr-7157	521	19	also	also	ADV
cblr-7157	521	20	contains	contain	VERB
cblr-7157	521	21	no	no	DET
cblr-7157	521	22	terms	term	NOUN
cblr-7157	521	23	as	as	ADP
cblr-7157	521	24	to	to	ADP
cblr-7157	521	25	how	how	SCONJ
cblr-7157	521	26	shareholders	shareholder	NOUN
cblr-7157	521	27	will	will	AUX
cblr-7157	521	28	exercise	exercise	VERB
cblr-7157	521	29	their	their	PRON
cblr-7157	521	30	discretion	discretion	NOUN
cblr-7157	521	31	—	—	PUNCT
cblr-7157	521	32	such	such	ADJ
cblr-7157	521	33	as	as	ADP
cblr-7157	521	34	voting	voting	NOUN
cblr-7157	521	35	,	,	PUNCT
cblr-7157	521	36	enacting	enact	VERB
cblr-7157	521	37	bylaw	bylaw	NOUN
cblr-7157	521	38	amendments	amendment	NOUN
cblr-7157	521	39	,	,	PUNCT
cblr-7157	521	40	nominating	nominating	NOUN
cblr-7157	521	41	board	board	NOUN
cblr-7157	521	42	members	member	NOUN
cblr-7157	521	43	,	,	PUNCT
cblr-7157	521	44	and	and	CCONJ
cblr-7157	521	45	so	so	ADV
cblr-7157	521	46	forth	forth	ADV
cblr-7157	521	47	.	.	PUNCT
cblr-7157	522	1	so	so	ADV
cblr-7157	522	2	,	,	PUNCT
cblr-7157	522	3	under	under	ADP
cblr-7157	522	4	the	the	DET
cblr-7157	522	5	nexus	nexus	NOUN
cblr-7157	522	6	of	of	ADP
cblr-7157	522	7	contracts	contract	NOUN
cblr-7157	522	8	rationale	rationale	NOUN
cblr-7157	522	9	,	,	PUNCT
cblr-7157	522	10	one	one	PRON
cblr-7157	522	11	would	would	AUX
cblr-7157	522	12	expect	expect	VERB
cblr-7157	522	13	that	that	SCONJ
cblr-7157	522	14	shareholders	shareholder	NOUN
cblr-7157	522	15	would	would	AUX
cblr-7157	522	16	also	also	ADV
cblr-7157	522	17	have	have	VERB
cblr-7157	522	18	fiduciary	fiduciary	ADJ
cblr-7157	522	19	duties	duty	NOUN
cblr-7157	522	20	,	,	PUNCT
cblr-7157	522	21	at	at	ADP
cblr-7157	522	22	least	least	ADJ
cblr-7157	522	23	within	within	ADP
cblr-7157	522	24	these	these	DET
cblr-7157	522	25	spheres	sphere	NOUN
cblr-7157	522	26	.	.	PUNCT
cblr-7157	523	1	yet	yet	ADV
cblr-7157	523	2	shareholders	shareholder	NOUN
cblr-7157	523	3	qua	qua	X
cblr-7157	523	4	shareholders	shareholder	NOUN
cblr-7157	523	5	have	have	VERB
cblr-7157	523	6	no	no	DET
cblr-7157	523	7	duties	duty	NOUN
cblr-7157	523	8	,	,	PUNCT
cblr-7157	523	9	fiduciary	fiduciary	ADJ
cblr-7157	523	10	,	,	PUNCT
cblr-7157	523	11	good	good	ADJ
cblr-7157	523	12	faith	faith	NOUN
cblr-7157	523	13	,	,	PUNCT
cblr-7157	523	14	or	or	CCONJ
cblr-7157	523	15	required	require	VERB
cblr-7157	523	16	to	to	PART
cblr-7157	523	17	pursue	pursue	VERB
cblr-7157	523	18	solely	solely	ADV
cblr-7157	523	19	the	the	DET
cblr-7157	523	20	interests	interest	NOUN
cblr-7157	523	21	of	of	ADP
cblr-7157	523	22	the	the	DET
cblr-7157	523	23	beneficiary	beneficiary	NOUN
cblr-7157	523	24	in	in	ADP
cblr-7157	523	25	the	the	DET
cblr-7157	523	26	property	property	NOUN
cblr-7157	523	27	.	.	PUNCT
cblr-7157	524	1	corrado	corrado	PROPN
cblr-7157	525	1	bros	bros	PROPN
cblr-7157	525	2	.	.	PROPN
cblr-7157	526	1	v.	v.	ADP
cblr-7157	526	2	twin	twin	ADJ
cblr-7157	526	3	city	city	NOUN
cblr-7157	526	4	fire	fire	NOUN
cblr-7157	526	5	ins	ins	PROPN
cblr-7157	526	6	.	.	PUNCT
cblr-7157	526	7	co.	co.	PROPN
cblr-7157	526	8	,	,	PUNCT
cblr-7157	526	9	562	562	NUM
cblr-7157	526	10	a.2d	a.2d	NUM
cblr-7157	526	11	1188	1188	NUM
cblr-7157	526	12	,	,	PUNCT
cblr-7157	526	13	1192	1192	NUM
cblr-7157	526	14	(	(	PUNCT
cblr-7157	526	15	del	del	PROPN
cblr-7157	526	16	.	.	PROPN
cblr-7157	526	17	1989	1989	NUM
cblr-7157	526	18	)	)	PUNCT
cblr-7157	527	1	(	(	PUNCT
cblr-7157	527	2	citation	citation	NOUN
cblr-7157	527	3	omitted	omit	VERB
cblr-7157	527	4	)	)	PUNCT
cblr-7157	527	5	.	.	PUNCT
cblr-7157	528	1	crosse	crosse	PROPN
cblr-7157	528	2	held	hold	VERB
cblr-7157	528	3	that	that	SCONJ
cblr-7157	528	4	such	such	DET
cblr-7157	528	5	an	an	DET
cblr-7157	528	6	implication	implication	NOUN
cblr-7157	528	7	of	of	ADP
cblr-7157	528	8	a	a	DET
cblr-7157	528	9	fiduciary	fiduciary	ADJ
cblr-7157	528	10	duty	duty	NOUN
cblr-7157	528	11	did	do	AUX
cblr-7157	528	12	not	not	PART
cblr-7157	528	13	exist	exist	VERB
cblr-7157	528	14	where	where	SCONJ
cblr-7157	528	15	the	the	DET
cblr-7157	528	16	parties	party	NOUN
cblr-7157	528	17	’	’	PART
cblr-7157	528	18	interest	interest	NOUN
cblr-7157	528	19	“	"	PUNCT
cblr-7157	528	20	are	be	AUX
cblr-7157	528	21	not	not	PART
cblr-7157	528	22	perfectly	perfectly	ADV
cblr-7157	528	23	aligned	align	VERB
cblr-7157	528	24	.	.	PUNCT
cblr-7157	528	25	”	"	PUNCT
cblr-7157	529	1	see	see	VERB
cblr-7157	529	2	crosse	crosse	NOUN
cblr-7157	529	3	,	,	PUNCT
cblr-7157	529	4	836	836	NUM
cblr-7157	529	5	a.2d	a.2d	PUNCT
cblr-7157	529	6	at	at	ADP
cblr-7157	529	7	495	495	NUM
cblr-7157	529	8	.	.	PUNCT
cblr-7157	530	1	although	although	SCONJ
cblr-7157	530	2	it	it	PRON
cblr-7157	530	3	is	be	AUX
cblr-7157	530	4	unlikely	unlikely	ADJ
cblr-7157	530	5	that	that	SCONJ
cblr-7157	530	6	the	the	DET
cblr-7157	530	7	court	court	NOUN
cblr-7157	530	8	literally	literally	ADV
cblr-7157	530	9	required	require	VERB
cblr-7157	530	10	“	"	PUNCT
cblr-7157	530	11	perfect	perfect	ADJ
cblr-7157	530	12	alignment	alignment	NOUN
cblr-7157	530	13	”	"	PUNCT
cblr-7157	530	14	of	of	ADP
cblr-7157	530	15	interests	interest	NOUN
cblr-7157	530	16	(	(	PUNCT
cblr-7157	530	17	otherwise	otherwise	ADV
cblr-7157	530	18	,	,	PUNCT
cblr-7157	530	19	what	what	DET
cblr-7157	530	20	point	point	NOUN
cblr-7157	530	21	would	would	AUX
cblr-7157	530	22	the	the	DET
cblr-7157	530	23	fiduciary	fiduciary	ADJ
cblr-7157	530	24	duty	duty	NOUN
cblr-7157	530	25	serve	serve	NOUN
cblr-7157	530	26	?	?	PUNCT
cblr-7157	530	27	)	)	PUNCT
cblr-7157	531	1	it	it	PRON
cblr-7157	531	2	is	be	AUX
cblr-7157	531	3	clear	clear	ADJ
cblr-7157	531	4	that	that	SCONJ
cblr-7157	531	5	delaware	delaware	PROPN
cblr-7157	531	6	requires	require	VERB
cblr-7157	531	7	a	a	DET
cblr-7157	531	8	high	high	ADJ
cblr-7157	531	9	standard	standard	NOUN
cblr-7157	531	10	to	to	PART
cblr-7157	531	11	imply	imply	VERB
cblr-7157	531	12	fiduciary	fiduciary	ADJ
cblr-7157	531	13	duties	duty	NOUN
cblr-7157	531	14	from	from	ADP
cblr-7157	531	15	a	a	DET
cblr-7157	531	16	contractual	contractual	ADJ
cblr-7157	531	17	relationship	relationship	NOUN
cblr-7157	531	18	.	.	PUNCT
cblr-7157	532	1	119	119	NUM
cblr-7157	532	2	see	see	VERB
cblr-7157	532	3	,	,	PUNCT
cblr-7157	532	4	e.g.	e.g.	ADV
cblr-7157	532	5	,	,	PUNCT
cblr-7157	532	6	wynn	wynn	PROPN
cblr-7157	532	7	v.	v.	PROPN
cblr-7157	532	8	wachovia	wachovia	PROPN
cblr-7157	532	9	bank	bank	PROPN
cblr-7157	532	10	,	,	PUNCT
cblr-7157	532	11	n.a	n.a	PROPN
cblr-7157	532	12	.	.	PROPN
cblr-7157	532	13	,	,	PUNCT
cblr-7157	532	14	no	no	INTJ
cblr-7157	532	15	.	.	PUNCT
cblr-7157	533	1	3:09cv136	3:09cv136	NUM
cblr-7157	533	2	,	,	PUNCT
cblr-7157	533	3	2009	2009	NUM
cblr-7157	533	4	wl	wl	NOUN
cblr-7157	533	5	1255464	1255464	NUM
cblr-7157	533	6	,	,	PUNCT
cblr-7157	533	7	at	at	ADP
cblr-7157	533	8	*	*	NOUN
cblr-7157	533	9	5	5	NUM
cblr-7157	533	10	(	(	PUNCT
cblr-7157	533	11	e.d	e.d	PROPN
cblr-7157	533	12	.	.	PROPN
cblr-7157	533	13	va	va	PROPN
cblr-7157	533	14	.	.	PROPN
cblr-7157	534	1	may	may	AUX
cblr-7157	534	2	6	6	NUM
cblr-7157	534	3	,	,	PUNCT
cblr-7157	534	4	2009	2009	NUM
cblr-7157	534	5	)	)	PUNCT
cblr-7157	534	6	(	(	PUNCT
cblr-7157	534	7	“	"	PUNCT
cblr-7157	534	8	[	[	X
cblr-7157	534	9	w]hile	w]hile	PROPN
cblr-7157	534	10	an	an	DET
cblr-7157	534	11	employee	employee	NOUN
cblr-7157	534	12	owes	owe	VERB
cblr-7157	534	13	a	a	DET
cblr-7157	534	14	fiduciary	fiduciary	ADJ
cblr-7157	534	15	duty	duty	NOUN
cblr-7157	534	16	to	to	ADP
cblr-7157	534	17	an	an	DET
cblr-7157	534	18	employer	employer	NOUN
cblr-7157	534	19	,	,	PUNCT
cblr-7157	534	20	no	no	DET
cblr-7157	534	21	corresponding	correspond	VERB
cblr-7157	534	22	duty	duty	NOUN
cblr-7157	534	23	is	be	AUX
cblr-7157	534	24	imposed	impose	VERB
cblr-7157	534	25	on	on	ADP
cblr-7157	534	26	the	the	DET
cblr-7157	534	27	employer	employer	NOUN
cblr-7157	534	28	.	.	PUNCT
cblr-7157	534	29	”	"	PUNCT
cblr-7157	534	30	)	)	PUNCT
cblr-7157	534	31	.	.	PUNCT
cblr-7157	535	1	120	120	NUM
cblr-7157	535	2	see	see	VERB
cblr-7157	535	3	restatement	restatement	NOUN
cblr-7157	535	4	(	(	PUNCT
cblr-7157	535	5	third	third	ADJ
cblr-7157	535	6	)	)	PUNCT
cblr-7157	535	7	of	of	ADP
cblr-7157	535	8	agency	agency	NOUN
cblr-7157	535	9	§	§	PROPN
cblr-7157	535	10	8.01	8.01	NUM
cblr-7157	535	11	cmt	cmt	PROPN
cblr-7157	535	12	.	.	PUNCT
cblr-7157	536	1	c	c	PROPN
cblr-7157	536	2	(	(	PUNCT
cblr-7157	536	3	am	be	AUX
cblr-7157	536	4	.	.	PUNCT
cblr-7157	537	1	law	law	NOUN
cblr-7157	537	2	inst	inst	NOUN
cblr-7157	537	3	.	.	PUNCT
cblr-7157	537	4	2006	2006	NUM
cblr-7157	537	5	)	)	PUNCT
cblr-7157	537	6	.	.	PUNCT
cblr-7157	538	1	121	121	NUM
cblr-7157	538	2	see	see	VERB
cblr-7157	538	3	i	i	PROPN
cblr-7157	538	4	d.	d.	PROPN
cblr-7157	538	5	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	538	6	(	(	PUNCT
cblr-7157	538	7	do	do	AUX
cblr-7157	538	8	not	not	PART
cblr-7157	538	9	delete	delete	VERB
cblr-7157	538	10	)	)	PUNCT
cblr-7157	538	11	10/2/2020	10/2/2020	NUM
cblr-7157	538	12	11:44	11:44	NUM
cblr-7157	538	13	am	be	AUX
cblr-7157	538	14	no	no	NOUN
cblr-7157	538	15	.	.	PUNCT
cblr-7157	538	16	1:1	1:1	NUM
cblr-7157	538	17	]	]	X
cblr-7157	538	18	a	a	DET
cblr-7157	538	19	property	property	NOUN
cblr-7157	538	20	theory	theory	NOUN
cblr-7157	538	21	37	37	NUM
cblr-7157	538	22	otherwise	otherwise	ADV
cblr-7157	538	23	,	,	PUNCT
cblr-7157	538	24	especially	especially	ADV
cblr-7157	538	25	in	in	ADP
cblr-7157	538	26	how	how	SCONJ
cblr-7157	538	27	they	they	PRON
cblr-7157	538	28	exercise	exercise	VERB
cblr-7157	538	29	their	their	PRON
cblr-7157	538	30	voting	voting	NOUN
cblr-7157	538	31	discretion.122	discretion.122	NOUN
cblr-7157	538	32	the	the	DET
cblr-7157	538	33	same	same	ADJ
cblr-7157	538	34	is	be	AUX
cblr-7157	538	35	true	true	ADJ
cblr-7157	538	36	even	even	ADV
cblr-7157	538	37	for	for	ADP
cblr-7157	538	38	controlling	control	VERB
cblr-7157	538	39	shareholders	shareholder	NOUN
cblr-7157	538	40	under	under	ADP
cblr-7157	538	41	many	many	ADJ
cblr-7157	538	42	circumstances.123	circumstances.123	NOUN
cblr-7157	538	43	thus	thus	ADV
cblr-7157	538	44	,	,	PUNCT
cblr-7157	538	45	there	there	PRON
cblr-7157	538	46	is	be	VERB
cblr-7157	538	47	something	something	PRON
cblr-7157	538	48	asymmetric	asymmetric	ADJ
cblr-7157	538	49	about	about	ADP
cblr-7157	538	50	the	the	DET
cblr-7157	538	51	relationship	relationship	NOUN
cblr-7157	538	52	between	between	ADP
cblr-7157	538	53	shareholders	shareholder	NOUN
cblr-7157	538	54	and	and	CCONJ
cblr-7157	538	55	directors	director	NOUN
cblr-7157	538	56	that	that	PRON
cblr-7157	538	57	does	do	AUX
cblr-7157	538	58	not	not	PART
cblr-7157	538	59	mesh	mesh	VERB
cblr-7157	538	60	with	with	ADP
cblr-7157	538	61	the	the	DET
cblr-7157	538	62	fiduciary	fiduciary	ADJ
cblr-7157	538	63	duty	duty	NOUN
cblr-7157	538	64	rationale	rationale	NOUN
cblr-7157	538	65	,	,	PUNCT
cblr-7157	538	66	or	or	CCONJ
cblr-7157	538	67	even	even	ADV
cblr-7157	538	68	the	the	DET
cblr-7157	538	69	idea	idea	NOUN
cblr-7157	538	70	that	that	SCONJ
cblr-7157	538	71	shareholders	shareholder	NOUN
cblr-7157	538	72	hold	hold	VERB
cblr-7157	538	73	contract	contract	NOUN
cblr-7157	538	74	rights.124	rights.124	VERB
cblr-7157	538	75	another	another	DET
cblr-7157	538	76	incongruity	incongruity	NOUN
cblr-7157	538	77	for	for	ADP
cblr-7157	538	78	the	the	DET
cblr-7157	538	79	contractual	contractual	ADJ
cblr-7157	538	80	view	view	NOUN
cblr-7157	538	81	of	of	ADP
cblr-7157	538	82	the	the	DET
cblr-7157	538	83	corporation	corporation	NOUN
cblr-7157	538	84	is	be	AUX
cblr-7157	538	85	the	the	DET
cblr-7157	538	86	mandatory	mandatory	ADJ
cblr-7157	538	87	nature	nature	NOUN
cblr-7157	538	88	of	of	ADP
cblr-7157	538	89	common	common	ADJ
cblr-7157	538	90	stock	stock	NOUN
cblr-7157	538	91	itself	itself	PRON
cblr-7157	538	92	under	under	ADP
cblr-7157	538	93	corporation	corporation	NOUN
cblr-7157	538	94	codes	code	NOUN
cblr-7157	538	95	.	.	PUNCT
cblr-7157	539	1	although	although	SCONJ
cblr-7157	539	2	corporations	corporation	NOUN
cblr-7157	539	3	generally	generally	ADV
cblr-7157	539	4	enter	enter	VERB
cblr-7157	539	5	into	into	ADP
cblr-7157	539	6	contracts	contract	NOUN
cblr-7157	539	7	,	,	PUNCT
cblr-7157	539	8	they	they	PRON
cblr-7157	539	9	need	need	AUX
cblr-7157	539	10	not	not	PART
cblr-7157	539	11	enter	enter	VERB
cblr-7157	539	12	into	into	ADP
cblr-7157	539	13	any	any	DET
cblr-7157	539	14	contracts	contract	NOUN
cblr-7157	539	15	to	to	PART
cblr-7157	539	16	have	have	VERB
cblr-7157	539	17	a	a	DET
cblr-7157	539	18	valid	valid	ADJ
cblr-7157	539	19	de	de	X
cblr-7157	539	20	jure	jure	NOUN
cblr-7157	539	21	existence	existence	NOUN
cblr-7157	539	22	.	.	PUNCT
cblr-7157	540	1	in	in	ADP
cblr-7157	540	2	contrast	contrast	NOUN
cblr-7157	540	3	,	,	PUNCT
cblr-7157	540	4	common	common	ADJ
cblr-7157	540	5	stock	stock	NOUN
cblr-7157	540	6	must	must	AUX
cblr-7157	540	7	be	be	AUX
cblr-7157	540	8	authorized	authorize	VERB
cblr-7157	540	9	in	in	ADP
cblr-7157	540	10	the	the	DET
cblr-7157	540	11	charter	charter	NOUN
cblr-7157	540	12	document	document	NOUN
cblr-7157	540	13	in	in	ADP
cblr-7157	540	14	order	order	NOUN
cblr-7157	540	15	to	to	PART
cblr-7157	540	16	complete	complete	VERB
cblr-7157	540	17	a	a	DET
cblr-7157	540	18	valid	valid	ADJ
cblr-7157	540	19	incorporation.125	incorporation.125	NOUN
cblr-7157	540	20	indeed	indeed	ADV
cblr-7157	540	21	,	,	PUNCT
cblr-7157	540	22	common	common	ADJ
cblr-7157	540	23	stock	stock	NOUN
cblr-7157	540	24	is	be	AUX
cblr-7157	540	25	the	the	DET
cblr-7157	540	26	only	only	ADJ
cblr-7157	540	27	claim	claim	NOUN
cblr-7157	540	28	on	on	ADP
cblr-7157	540	29	the	the	DET
cblr-7157	540	30	corporation	corporation	NOUN
cblr-7157	540	31	with	with	ADP
cblr-7157	540	32	this	this	DET
cblr-7157	540	33	special	special	ADJ
cblr-7157	540	34	importance	importance	NOUN
cblr-7157	540	35	under	under	ADP
cblr-7157	540	36	corporate	corporate	ADJ
cblr-7157	540	37	codes	code	NOUN
cblr-7157	540	38	.	.	PUNCT
cblr-7157	541	1	similarly	similarly	ADV
cblr-7157	541	2	,	,	PUNCT
cblr-7157	541	3	a	a	DET
cblr-7157	541	4	corporation	corporation	NOUN
cblr-7157	541	5	could	could	AUX
cblr-7157	541	6	eliminate	eliminate	VERB
cblr-7157	541	7	all	all	PRON
cblr-7157	541	8	of	of	ADP
cblr-7157	541	9	its	its	PRON
cblr-7157	541	10	contractual	contractual	ADJ
cblr-7157	541	11	arrangements	arrangement	NOUN
cblr-7157	541	12	by	by	ADP
cblr-7157	541	13	agreement	agreement	NOUN
cblr-7157	541	14	with	with	ADP
cblr-7157	541	15	its	its	PRON
cblr-7157	541	16	counterparties	counterpartie	NOUN
cblr-7157	541	17	without	without	ADP
cblr-7157	541	18	violating	violate	VERB
cblr-7157	541	19	any	any	DET
cblr-7157	541	20	rules	rule	NOUN
cblr-7157	541	21	of	of	ADP
cblr-7157	541	22	corporate	corporate	ADJ
cblr-7157	541	23	law	law	NOUN
cblr-7157	541	24	.	.	PUNCT
cblr-7157	542	1	but	but	CCONJ
cblr-7157	542	2	it	it	PRON
cblr-7157	542	3	can	can	AUX
cblr-7157	542	4	not	not	PART
cblr-7157	542	5	extinguish	extinguish	VERB
cblr-7157	542	6	all	all	PRON
cblr-7157	542	7	of	of	ADP
cblr-7157	542	8	its	its	PRON
cblr-7157	542	9	common	common	ADJ
cblr-7157	542	10	stock	stock	NOUN
cblr-7157	542	11	,	,	PUNCT
cblr-7157	542	12	even	even	ADV
cblr-7157	542	13	by	by	ADP
cblr-7157	542	14	mutual	mutual	ADJ
cblr-7157	542	15	agreement	agreement	NOUN
cblr-7157	542	16	,	,	PUNCT
cblr-7157	542	17	because	because	SCONJ
cblr-7157	542	18	corporate	corporate	ADJ
cblr-7157	542	19	statutes	statute	NOUN
cblr-7157	542	20	require	require	VERB
cblr-7157	542	21	a	a	DET
cblr-7157	542	22	residual	residual	ADJ
cblr-7157	542	23	interest	interest	NOUN
cblr-7157	542	24	of	of	ADP
cblr-7157	542	25	some	some	DET
cblr-7157	542	26	form	form	NOUN
cblr-7157	542	27	in	in	ADP
cblr-7157	542	28	all	all	DET
cblr-7157	542	29	stock	stock	NOUN
cblr-7157	542	30	corporations	corporation	NOUN
cblr-7157	542	31	.	.	PUNCT
cblr-7157	543	1	for	for	ADP
cblr-7157	543	2	example	example	NOUN
cblr-7157	543	3	,	,	PUNCT
cblr-7157	543	4	the	the	DET
cblr-7157	543	5	delaware	delaware	PROPN
cblr-7157	543	6	122	122	NUM
cblr-7157	543	7	ringling	ringle	VERB
cblr-7157	543	8	bros.–barnum	bros.–barnum	PROPN
cblr-7157	543	9	&	&	CCONJ
cblr-7157	543	10	bailey	bailey	PROPN
cblr-7157	543	11	combined	combined	PROPN
cblr-7157	543	12	shows	shows	PROPN
cblr-7157	543	13	,	,	PUNCT
cblr-7157	543	14	inc	inc	PROPN
cblr-7157	543	15	.	.	PROPN
cblr-7157	544	1	v.	v.	ADP
cblr-7157	544	2	ringling	ringling	NOUN
cblr-7157	544	3	,	,	PUNCT
cblr-7157	544	4	53	53	NUM
cblr-7157	544	5	a.2d	a.2d	SYM
cblr-7157	544	6	441	441	NUM
cblr-7157	544	7	,	,	PUNCT
cblr-7157	544	8	447	447	NUM
cblr-7157	544	9	(	(	PUNCT
cblr-7157	544	10	del	del	PROPN
cblr-7157	544	11	.	.	PROPN
cblr-7157	544	12	1947	1947	NUM
cblr-7157	544	13	)	)	PUNCT
cblr-7157	544	14	(	(	PUNCT
cblr-7157	544	15	“	"	PUNCT
cblr-7157	544	16	generally	generally	ADV
cblr-7157	544	17	speaking	speak	VERB
cblr-7157	544	18	,	,	PUNCT
cblr-7157	544	19	a	a	DET
cblr-7157	544	20	shareholder	shareholder	NOUN
cblr-7157	544	21	may	may	AUX
cblr-7157	544	22	exercise	exercise	VERB
cblr-7157	544	23	wide	wide	ADJ
cblr-7157	544	24	liberality	liberality	NOUN
cblr-7157	544	25	of	of	ADP
cblr-7157	544	26	judgment	judgment	NOUN
cblr-7157	544	27	in	in	ADP
cblr-7157	544	28	the	the	DET
cblr-7157	544	29	matter	matter	NOUN
cblr-7157	544	30	of	of	ADP
cblr-7157	544	31	voting	voting	NOUN
cblr-7157	544	32	,	,	PUNCT
cblr-7157	544	33	and	and	CCONJ
cblr-7157	544	34	it	it	PRON
cblr-7157	544	35	is	be	AUX
cblr-7157	544	36	not	not	PART
cblr-7157	544	37	objectionable	objectionable	ADJ
cblr-7157	544	38	that	that	SCONJ
cblr-7157	544	39	his	his	PRON
cblr-7157	544	40	motives	motive	NOUN
cblr-7157	544	41	may	may	AUX
cblr-7157	544	42	be	be	AUX
cblr-7157	544	43	for	for	ADP
cblr-7157	544	44	personal	personal	ADJ
cblr-7157	544	45	profit	profit	NOUN
cblr-7157	544	46	,	,	PUNCT
cblr-7157	544	47	or	or	CCONJ
cblr-7157	544	48	determined	determine	VERB
cblr-7157	544	49	by	by	ADP
cblr-7157	544	50	whims	whim	NOUN
cblr-7157	544	51	or	or	CCONJ
cblr-7157	544	52	caprice	caprice	NOUN
cblr-7157	544	53	.	.	PUNCT
cblr-7157	544	54	.	.	PUNCT
cblr-7157	544	55	.	.	PUNCT
cblr-7157	544	56	.	.	PUNCT
cblr-7157	544	57	”	"	PUNCT
cblr-7157	544	58	)	)	PUNCT
cblr-7157	544	59	.	.	PUNCT
cblr-7157	545	1	123	123	NUM
cblr-7157	545	2	see	see	VERB
cblr-7157	545	3	williams	williams	PROPN
cblr-7157	545	4	v.	v.	PROPN
cblr-7157	545	5	geier	geier	PROPN
cblr-7157	545	6	,	,	PUNCT
cblr-7157	545	7	671	671	NUM
cblr-7157	545	8	a.2d	a.2d	SYM
cblr-7157	545	9	1368	1368	NUM
cblr-7157	545	10	,	,	PUNCT
cblr-7157	545	11	1380–81	1380–81	NUM
cblr-7157	545	12	(	(	PUNCT
cblr-7157	545	13	del	del	PROPN
cblr-7157	545	14	.	.	NOUN
cblr-7157	545	15	1996	1996	NUM
cblr-7157	545	16	)	)	PUNCT
cblr-7157	545	17	(	(	PUNCT
cblr-7157	545	18	“	"	PUNCT
cblr-7157	545	19	stockholders	stockholder	NOUN
cblr-7157	545	20	(	(	PUNCT
cblr-7157	545	21	even	even	ADV
cblr-7157	545	22	a	a	DET
cblr-7157	545	23	controlling	control	VERB
cblr-7157	545	24	stockholder	stockholder	NOUN
cblr-7157	545	25	bloc	bloc	NOUN
cblr-7157	545	26	)	)	PUNCT
cblr-7157	545	27	may	may	AUX
cblr-7157	545	28	properly	properly	ADV
cblr-7157	545	29	vote	vote	VERB
cblr-7157	545	30	in	in	ADP
cblr-7157	545	31	their	their	PRON
cblr-7157	545	32	own	own	ADJ
cblr-7157	545	33	economic	economic	ADJ
cblr-7157	545	34	interest	interest	NOUN
cblr-7157	545	35	.	.	PUNCT
cblr-7157	545	36	”	"	PUNCT
cblr-7157	545	37	)	)	PUNCT
cblr-7157	545	38	;	;	PUNCT
cblr-7157	545	39	ford	ford	PROPN
cblr-7157	545	40	v.	v.	PROPN
cblr-7157	545	41	vmware	vmware	PROPN
cblr-7157	545	42	,	,	PUNCT
cblr-7157	545	43	inc	inc	PROPN
cblr-7157	545	44	.	.	PROPN
cblr-7157	545	45	,	,	PUNCT
cblr-7157	545	46	c.a	c.a	PROPN
cblr-7157	545	47	.	.	PROPN
cblr-7157	545	48	no	no	PROPN
cblr-7157	545	49	.	.	PUNCT
cblr-7157	545	50	11714	11714	NUM
cblr-7157	545	51	-	-	PUNCT
cblr-7157	545	52	vcl	vcl	PROPN
cblr-7157	545	53	,	,	PUNCT
cblr-7157	545	54	2017	2017	NUM
cblr-7157	545	55	wl	wl	NOUN
cblr-7157	545	56	1684089	1684089	NUM
cblr-7157	545	57	,	,	PUNCT
cblr-7157	545	58	at	at	ADP
cblr-7157	545	59	*	*	NUM
cblr-7157	545	60	15	15	NUM
cblr-7157	545	61	(	(	PUNCT
cblr-7157	545	62	del	del	PROPN
cblr-7157	545	63	.	.	PROPN
cblr-7157	545	64	ch	ch	PROPN
cblr-7157	545	65	.	.	PUNCT
cblr-7157	545	66	may	may	AUX
cblr-7157	545	67	2	2	NUM
cblr-7157	545	68	,	,	PUNCT
cblr-7157	545	69	2017	2017	NUM
cblr-7157	545	70	)	)	PUNCT
cblr-7157	545	71	(	(	PUNCT
cblr-7157	545	72	“	"	PUNCT
cblr-7157	545	73	delaware	delaware	PROPN
cblr-7157	545	74	courts	court	NOUN
cblr-7157	545	75	consistently	consistently	ADV
cblr-7157	545	76	have	have	AUX
cblr-7157	545	77	held	hold	VERB
cblr-7157	545	78	that	that	SCONJ
cblr-7157	545	79	a	a	DET
cblr-7157	545	80	controlling	control	VERB
cblr-7157	545	81	stockholder	stockholder	NOUN
cblr-7157	545	82	's	's	PART
cblr-7157	545	83	fiduciary	fiduciary	ADJ
cblr-7157	545	84	duty	duty	NOUN
cblr-7157	545	85	does	do	AUX
cblr-7157	545	86	not	not	PART
cblr-7157	545	87	constrain	constrain	VERB
cblr-7157	545	88	its	its	PRON
cblr-7157	545	89	ability	ability	NOUN
cblr-7157	545	90	to	to	PART
cblr-7157	545	91	vote	vote	VERB
cblr-7157	545	92	its	its	PRON
cblr-7157	545	93	shares	share	NOUN
cblr-7157	545	94	.	.	PUNCT
cblr-7157	545	95	”	"	PUNCT
cblr-7157	545	96	)	)	PUNCT
cblr-7157	545	97	.	.	PUNCT
cblr-7157	546	1	124	124	NUM
cblr-7157	546	2	this	this	PRON
cblr-7157	546	3	is	be	AUX
cblr-7157	546	4	because	because	SCONJ
cblr-7157	546	5	counterparties	counterpartie	NOUN
cblr-7157	546	6	to	to	ADP
cblr-7157	546	7	contracts	contract	NOUN
cblr-7157	546	8	have	have	VERB
cblr-7157	546	9	duties	duty	NOUN
cblr-7157	546	10	of	of	ADP
cblr-7157	546	11	good	good	ADJ
cblr-7157	546	12	faith	faith	NOUN
cblr-7157	546	13	and	and	CCONJ
cblr-7157	546	14	fair	fair	ADJ
cblr-7157	546	15	dealing	deal	VERB
cblr-7157	546	16	to	to	ADP
cblr-7157	546	17	one	one	NUM
cblr-7157	546	18	another	another	DET
cblr-7157	546	19	that	that	PRON
cblr-7157	546	20	can	can	AUX
cblr-7157	546	21	not	not	PART
cblr-7157	546	22	be	be	AUX
cblr-7157	546	23	eliminated	eliminate	VERB
cblr-7157	546	24	,	,	PUNCT
cblr-7157	546	25	while	while	SCONJ
cblr-7157	546	26	shareholders	shareholder	NOUN
cblr-7157	546	27	have	have	VERB
cblr-7157	546	28	no	no	DET
cblr-7157	546	29	such	such	ADJ
cblr-7157	546	30	duties	duty	NOUN
cblr-7157	546	31	.	.	PUNCT
cblr-7157	547	1	see	see	VERB
cblr-7157	547	2	mohsen	mohsen	PROPN
cblr-7157	547	3	manesh	manesh	PROPN
cblr-7157	547	4	,	,	PUNCT
cblr-7157	547	5	creatures	creature	NOUN
cblr-7157	547	6	of	of	ADP
cblr-7157	547	7	contract	contract	NOUN
cblr-7157	547	8	:	:	PUNCT
cblr-7157	547	9	a	a	DET
cblr-7157	547	10	halftruth	halftruth	NOUN
cblr-7157	547	11	about	about	ADP
cblr-7157	547	12	llcs	llcs	NOUN
cblr-7157	547	13	,	,	PUNCT
cblr-7157	547	14	42	42	NUM
cblr-7157	547	15	del	del	PROPN
cblr-7157	547	16	.	.	PROPN
cblr-7157	547	17	j.	j.	PROPN
cblr-7157	547	18	corp	corp	PROPN
cblr-7157	547	19	.	.	PROPN
cblr-7157	547	20	l.	l.	PROPN
cblr-7157	547	21	391	391	NUM
cblr-7157	547	22	,	,	PUNCT
cblr-7157	547	23	421–24	421–24	NUM
cblr-7157	547	24	(	(	PUNCT
cblr-7157	547	25	2018	2018	NUM
cblr-7157	547	26	)	)	PUNCT
cblr-7157	547	27	(	(	PUNCT
cblr-7157	547	28	describing	describe	VERB
cblr-7157	547	29	the	the	DET
cblr-7157	547	30	duty	duty	NOUN
cblr-7157	547	31	of	of	ADP
cblr-7157	547	32	good	good	ADJ
cblr-7157	547	33	faith	faith	NOUN
cblr-7157	547	34	as	as	ADP
cblr-7157	547	35	a	a	DET
cblr-7157	547	36	mandatory	mandatory	ADJ
cblr-7157	547	37	rule	rule	NOUN
cblr-7157	547	38	of	of	ADP
cblr-7157	547	39	corporate	corporate	ADJ
cblr-7157	547	40	law	law	NOUN
cblr-7157	547	41	)	)	PUNCT
cblr-7157	547	42	.	.	PUNCT
cblr-7157	548	1	125	125	NUM
cblr-7157	548	2	see	see	VERB
cblr-7157	548	3	model	model	NOUN
cblr-7157	548	4	bus	bus	PROPN
cblr-7157	548	5	.	.	PUNCT
cblr-7157	548	6	corp	corp	PROPN
cblr-7157	548	7	.	.	PROPN
cblr-7157	548	8	act	act	PROPN
cblr-7157	548	9	§	§	PROPN
cblr-7157	548	10	6.01(b	6.01(b	PROPN
cblr-7157	548	11	)	)	PUNCT
cblr-7157	548	12	(	(	PUNCT
cblr-7157	548	13	am	be	AUX
cblr-7157	548	14	.	.	PUNCT
cblr-7157	549	1	bar	bar	NOUN
cblr-7157	549	2	ass’n	ass’n	NUM
cblr-7157	549	3	2016	2016	NUM
cblr-7157	549	4	)	)	PUNCT
cblr-7157	549	5	(	(	PUNCT
cblr-7157	549	6	“	"	PUNCT
cblr-7157	549	7	the	the	DET
cblr-7157	549	8	articles	article	NOUN
cblr-7157	549	9	of	of	ADP
cblr-7157	549	10	incorporation	incorporation	NOUN
cblr-7157	549	11	must	must	AUX
cblr-7157	549	12	authorize	authorize	VERB
cblr-7157	549	13	:	:	PUNCT
cblr-7157	549	14	(	(	PUNCT
cblr-7157	549	15	1	1	X
cblr-7157	549	16	)	)	PUNCT
cblr-7157	549	17	one	one	NUM
cblr-7157	549	18	or	or	CCONJ
cblr-7157	549	19	more	more	ADJ
cblr-7157	549	20	classes	class	NOUN
cblr-7157	549	21	or	or	CCONJ
cblr-7157	549	22	series	series	NOUN
cblr-7157	549	23	of	of	ADP
cblr-7157	549	24	shares	share	NOUN
cblr-7157	549	25	that	that	PRON
cblr-7157	549	26	together	together	ADV
cblr-7157	549	27	have	have	VERB
cblr-7157	549	28	full	full	ADJ
cblr-7157	549	29	voting	voting	NOUN
cblr-7157	549	30	rights	right	NOUN
cblr-7157	549	31	,	,	PUNCT
cblr-7157	549	32	and	and	CCONJ
cblr-7157	549	33	(	(	PUNCT
cblr-7157	549	34	2	2	X
cblr-7157	549	35	)	)	PUNCT
cblr-7157	549	36	one	one	NUM
cblr-7157	549	37	or	or	CCONJ
cblr-7157	549	38	more	more	ADJ
cblr-7157	549	39	classes	class	NOUN
cblr-7157	549	40	or	or	CCONJ
cblr-7157	549	41	series	series	NOUN
cblr-7157	549	42	of	of	ADP
cblr-7157	549	43	shares	share	NOUN
cblr-7157	549	44	(	(	PUNCT
cblr-7157	549	45	which	which	PRON
cblr-7157	549	46	may	may	AUX
cblr-7157	549	47	be	be	AUX
cblr-7157	549	48	the	the	DET
cblr-7157	549	49	same	same	ADJ
cblr-7157	549	50	class	class	NOUN
cblr-7157	549	51	,	,	PUNCT
cblr-7157	549	52	classes	class	NOUN
cblr-7157	549	53	or	or	CCONJ
cblr-7157	549	54	series	series	NOUN
cblr-7157	549	55	as	as	ADP
cblr-7157	549	56	those	those	PRON
cblr-7157	549	57	with	with	ADP
cblr-7157	549	58	voting	voting	NOUN
cblr-7157	549	59	rights	right	NOUN
cblr-7157	549	60	)	)	PUNCT
cblr-7157	549	61	that	that	PRON
cblr-7157	549	62	together	together	ADV
cblr-7157	549	63	are	be	AUX
cblr-7157	549	64	entitled	entitle	VERB
cblr-7157	549	65	to	to	PART
cblr-7157	549	66	receive	receive	VERB
cblr-7157	549	67	the	the	DET
cblr-7157	549	68	net	net	ADJ
cblr-7157	549	69	assets	asset	NOUN
cblr-7157	549	70	of	of	ADP
cblr-7157	549	71	the	the	DET
cblr-7157	549	72	corporation	corporation	NOUN
cblr-7157	549	73	upon	upon	SCONJ
cblr-7157	549	74	dissolution	dissolution	NOUN
cblr-7157	549	75	.	.	PUNCT
cblr-7157	549	76	”	"	PUNCT
cblr-7157	549	77	)	)	PUNCT
cblr-7157	549	78	.	.	PUNCT
cblr-7157	550	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	550	2	(	(	PUNCT
cblr-7157	550	3	do	do	AUX
cblr-7157	550	4	not	not	PART
cblr-7157	550	5	delte	delte	VERB
cblr-7157	550	6	)	)	PUNCT
cblr-7157	550	7	10/2/2020	10/2/2020	NUM
cblr-7157	550	8	11:44	11:44	NUM
cblr-7157	550	9	am	be	AUX
cblr-7157	550	10	38	38	NUM
cblr-7157	550	11	columbia	columbia	PROPN
cblr-7157	550	12	business	business	NOUN
cblr-7157	550	13	law	law	NOUN
cblr-7157	550	14	review	review	NOUN
cblr-7157	550	15	[	[	X
cblr-7157	550	16	vol	vol	NOUN
cblr-7157	550	17	.	.	PUNCT
cblr-7157	550	18	2020	2020	NUM
cblr-7157	550	19	general	general	ADJ
cblr-7157	550	20	corporation	corporation	NOUN
cblr-7157	550	21	law	law	NOUN
cblr-7157	550	22	(	(	PUNCT
cblr-7157	550	23	“	"	PUNCT
cblr-7157	550	24	the	the	DET
cblr-7157	550	25	dgcl	dgcl	NOUN
cblr-7157	550	26	”	"	PUNCT
cblr-7157	550	27	)	)	PUNCT
cblr-7157	550	28	provides	provide	VERB
cblr-7157	550	29	that	that	SCONJ
cblr-7157	550	30	a	a	DET
cblr-7157	550	31	corporation	corporation	NOUN
cblr-7157	550	32	may	may	AUX
cblr-7157	550	33	redeem	redeem	VERB
cblr-7157	550	34	its	its	PRON
cblr-7157	550	35	shares	share	NOUN
cblr-7157	550	36	,	,	PUNCT
cblr-7157	550	37	but	but	CCONJ
cblr-7157	550	38	it	it	PRON
cblr-7157	550	39	must	must	AUX
cblr-7157	550	40	be	be	AUX
cblr-7157	550	41	the	the	DET
cblr-7157	550	42	case	case	NOUN
cblr-7157	550	43	“	"	PUNCT
cblr-7157	550	44	that	that	SCONJ
cblr-7157	550	45	immediately	immediately	ADV
cblr-7157	550	46	following	follow	VERB
cblr-7157	550	47	any	any	DET
cblr-7157	550	48	such	such	ADJ
cblr-7157	550	49	redemption	redemption	NOUN
cblr-7157	550	50	the	the	DET
cblr-7157	550	51	corporation	corporation	NOUN
cblr-7157	550	52	shall	shall	AUX
cblr-7157	550	53	have	have	VERB
cblr-7157	550	54	outstanding	outstanding	ADJ
cblr-7157	550	55	1	1	NUM
cblr-7157	550	56	or	or	CCONJ
cblr-7157	550	57	more	more	ADJ
cblr-7157	550	58	shares	share	NOUN
cblr-7157	550	59	of	of	ADP
cblr-7157	550	60	1	1	NUM
cblr-7157	550	61	or	or	CCONJ
cblr-7157	550	62	more	more	ADJ
cblr-7157	550	63	classes	class	NOUN
cblr-7157	550	64	or	or	CCONJ
cblr-7157	550	65	series	series	NOUN
cblr-7157	550	66	of	of	ADP
cblr-7157	550	67	stock	stock	NOUN
cblr-7157	550	68	,	,	PUNCT
cblr-7157	550	69	which	which	PRON
cblr-7157	550	70	share	share	VERB
cblr-7157	550	71	,	,	PUNCT
cblr-7157	550	72	or	or	CCONJ
cblr-7157	550	73	shares	share	NOUN
cblr-7157	550	74	together	together	ADV
cblr-7157	550	75	,	,	PUNCT
cblr-7157	550	76	shall	shall	AUX
cblr-7157	550	77	have	have	VERB
cblr-7157	550	78	full	full	ADJ
cblr-7157	550	79	voting	voting	NOUN
cblr-7157	550	80	powers	power	NOUN
cblr-7157	550	81	.	.	PUNCT
cblr-7157	550	82	”126	”126	PROPN
cblr-7157	550	83	the	the	DET
cblr-7157	550	84	mbca	mbca	NOUN
cblr-7157	550	85	contains	contain	VERB
cblr-7157	550	86	a	a	DET
cblr-7157	550	87	similar	similar	ADJ
cblr-7157	550	88	provision.127	provision.127	NOUN
cblr-7157	550	89	both	both	DET
cblr-7157	550	90	statutes	statute	NOUN
cblr-7157	550	91	require	require	VERB
cblr-7157	550	92	that	that	SCONJ
cblr-7157	550	93	shares	share	NOUN
cblr-7157	550	94	with	with	ADP
cblr-7157	550	95	full	full	ADJ
cblr-7157	550	96	voting	voting	NOUN
cblr-7157	550	97	power	power	NOUN
cblr-7157	550	98	continue	continue	VERB
cblr-7157	550	99	to	to	PART
cblr-7157	550	100	exist	exist	VERB
cblr-7157	550	101	at	at	ADP
cblr-7157	550	102	all	all	DET
cblr-7157	550	103	times	time	NOUN
cblr-7157	550	104	.	.	PUNCT
cblr-7157	551	1	why	why	SCONJ
cblr-7157	551	2	is	be	AUX
cblr-7157	551	3	this	this	DET
cblr-7157	551	4	requirement	requirement	NOUN
cblr-7157	551	5	present	present	NOUN
cblr-7157	551	6	for	for	ADP
cblr-7157	551	7	voting	vote	VERB
cblr-7157	551	8	stock	stock	NOUN
cblr-7157	551	9	,	,	PUNCT
cblr-7157	551	10	and	and	CCONJ
cblr-7157	551	11	not	not	PART
cblr-7157	551	12	for	for	ADP
cblr-7157	551	13	any	any	DET
cblr-7157	551	14	other	other	ADJ
cblr-7157	551	15	claim	claim	NOUN
cblr-7157	551	16	on	on	ADP
cblr-7157	551	17	the	the	DET
cblr-7157	551	18	corporation	corporation	NOUN
cblr-7157	551	19	?	?	PUNCT
cblr-7157	552	1	one	one	NUM
cblr-7157	552	2	reason	reason	NOUN
cblr-7157	552	3	at	at	ADP
cblr-7157	552	4	least	least	ADJ
cblr-7157	552	5	some	some	PRON
cblr-7157	552	6	stock	stock	NOUN
cblr-7157	552	7	with	with	ADP
cblr-7157	552	8	full	full	ADJ
cblr-7157	552	9	voting	voting	NOUN
cblr-7157	552	10	powers	power	NOUN
cblr-7157	552	11	is	be	AUX
cblr-7157	552	12	mandatory	mandatory	ADJ
cblr-7157	552	13	is	be	AUX
cblr-7157	552	14	that	that	SCONJ
cblr-7157	552	15	otherwise	otherwise	ADV
cblr-7157	552	16	the	the	DET
cblr-7157	552	17	board	board	NOUN
cblr-7157	552	18	would	would	AUX
cblr-7157	552	19	become	become	VERB
cblr-7157	552	20	self	self	NOUN
cblr-7157	552	21	-	-	PUNCT
cblr-7157	552	22	perpetuating	perpetuate	VERB
cblr-7157	552	23	.	.	PUNCT
cblr-7157	553	1	the	the	DET
cblr-7157	553	2	board	board	NOUN
cblr-7157	553	3	of	of	ADP
cblr-7157	553	4	directors	director	NOUN
cblr-7157	553	5	in	in	ADP
cblr-7157	553	6	such	such	DET
cblr-7157	553	7	a	a	DET
cblr-7157	553	8	circumstance	circumstance	NOUN
cblr-7157	553	9	would	would	AUX
cblr-7157	553	10	assume	assume	VERB
cblr-7157	553	11	a	a	DET
cblr-7157	553	12	much	much	ADV
cblr-7157	553	13	more	more	ADV
cblr-7157	553	14	significant	significant	ADJ
cblr-7157	553	15	role	role	NOUN
cblr-7157	553	16	,	,	PUNCT
cblr-7157	553	17	as	as	SCONJ
cblr-7157	553	18	such	such	DET
cblr-7157	553	19	a	a	DET
cblr-7157	553	20	corporation	corporation	NOUN
cblr-7157	553	21	would	would	AUX
cblr-7157	553	22	essentially	essentially	ADV
cblr-7157	553	23	be	be	AUX
cblr-7157	553	24	“	"	PUNCT
cblr-7157	553	25	unowned	unowned	ADJ
cblr-7157	553	26	.	.	PUNCT
cblr-7157	553	27	”128	”128	PUNCT
cblr-7157	554	1	indeed	indeed	ADV
cblr-7157	554	2	,	,	PUNCT
cblr-7157	554	3	such	such	ADJ
cblr-7157	554	4	corporations	corporation	NOUN
cblr-7157	554	5	do	do	AUX
cblr-7157	554	6	exist	exist	VERB
cblr-7157	554	7	in	in	ADP
cblr-7157	554	8	the	the	DET
cblr-7157	554	9	form	form	NOUN
cblr-7157	554	10	of	of	ADP
cblr-7157	554	11	nonprofits	nonprofit	NOUN
cblr-7157	554	12	,	,	PUNCT
cblr-7157	554	13	as	as	SCONJ
cblr-7157	554	14	discussed	discuss	VERB
cblr-7157	554	15	more	more	ADV
cblr-7157	554	16	fully	fully	ADV
cblr-7157	554	17	below.129	below.129	ADJ
cblr-7157	554	18	but	but	CCONJ
cblr-7157	554	19	in	in	ADP
cblr-7157	554	20	for	for	ADP
cblr-7157	554	21	-	-	PUNCT
cblr-7157	554	22	profit	profit	NOUN
cblr-7157	554	23	corporations	corporation	NOUN
cblr-7157	554	24	,	,	PUNCT
cblr-7157	554	25	corporation	corporation	NOUN
cblr-7157	554	26	statutes	statute	NOUN
cblr-7157	554	27	make	make	VERB
cblr-7157	554	28	the	the	DET
cblr-7157	554	29	existence	existence	NOUN
cblr-7157	554	30	of	of	ADP
cblr-7157	554	31	voting	vote	VERB
cblr-7157	554	32	stock	stock	NOUN
cblr-7157	554	33	mandatory	mandatory	ADJ
cblr-7157	554	34	,	,	PUNCT
cblr-7157	554	35	something	something	PRON
cblr-7157	554	36	that	that	PRON
cblr-7157	554	37	is	be	AUX
cblr-7157	554	38	true	true	ADJ
cblr-7157	554	39	of	of	ADP
cblr-7157	554	40	no	no	DET
cblr-7157	554	41	other	other	ADJ
cblr-7157	554	42	type	type	NOUN
cblr-7157	554	43	of	of	ADP
cblr-7157	554	44	claim	claim	NOUN
cblr-7157	554	45	on	on	ADP
cblr-7157	554	46	the	the	DET
cblr-7157	554	47	corporation	corporation	NOUN
cblr-7157	554	48	—	—	PUNCT
cblr-7157	554	49	certainly	certainly	ADV
cblr-7157	554	50	no	no	DET
cblr-7157	554	51	contractual	contractual	ADJ
cblr-7157	554	52	claim	claim	NOUN
cblr-7157	554	53	.	.	PUNCT
cblr-7157	555	1	it	it	PRON
cblr-7157	555	2	is	be	AUX
cblr-7157	555	3	notable	notable	ADJ
cblr-7157	555	4	that	that	SCONJ
cblr-7157	555	5	what	what	PRON
cblr-7157	555	6	is	be	AUX
cblr-7157	555	7	universally	universally	ADV
cblr-7157	555	8	mandatory	mandatory	ADJ
cblr-7157	555	9	is	be	AUX
cblr-7157	555	10	not	not	PART
cblr-7157	555	11	necessarily	necessarily	ADV
cblr-7157	555	12	that	that	SCONJ
cblr-7157	555	13	a	a	DET
cblr-7157	555	14	residual	residual	ADJ
cblr-7157	555	15	claimant	claimant	NOUN
cblr-7157	555	16	in	in	ADP
cblr-7157	555	17	the	the	DET
cblr-7157	555	18	economic	economic	ADJ
cblr-7157	555	19	sense	sense	NOUN
cblr-7157	555	20	remain	remain	VERB
cblr-7157	555	21	outstanding	outstanding	ADJ
cblr-7157	555	22	;	;	PUNCT
cblr-7157	555	23	it	it	PRON
cblr-7157	555	24	is	be	AUX
cblr-7157	555	25	that	that	SCONJ
cblr-7157	555	26	stock	stock	NOUN
cblr-7157	555	27	with	with	ADP
cblr-7157	555	28	“	"	PUNCT
cblr-7157	555	29	full	full	ADJ
cblr-7157	555	30	voting	voting	NOUN
cblr-7157	555	31	powers	power	NOUN
cblr-7157	555	32	”	"	PUNCT
cblr-7157	555	33	remain	remain	VERB
cblr-7157	555	34	outstanding.130	outstanding.130	NOUN
cblr-7157	555	35	this	this	DET
cblr-7157	555	36	difference	difference	NOUN
cblr-7157	555	37	between	between	ADP
cblr-7157	555	38	the	the	DET
cblr-7157	555	39	voting	voting	NOUN
cblr-7157	555	40	residual	residual	ADJ
cblr-7157	555	41	and	and	CCONJ
cblr-7157	555	42	the	the	DET
cblr-7157	555	43	economic	economic	ADJ
cblr-7157	555	44	residual	residual	ADJ
cblr-7157	555	45	becomes	become	VERB
cblr-7157	555	46	important	important	ADJ
cblr-7157	555	47	in	in	ADP
cblr-7157	555	48	part	part	NOUN
cblr-7157	555	49	iv	iv	NUM
cblr-7157	555	50	,	,	PUNCT
cblr-7157	555	51	infra	infra	NOUN
cblr-7157	555	52	.	.	PUNCT
cblr-7157	556	1	the	the	DET
cblr-7157	556	2	view	view	NOUN
cblr-7157	556	3	that	that	SCONJ
cblr-7157	556	4	residual	residual	ADJ
cblr-7157	556	5	voting	voting	NOUN
cblr-7157	556	6	power	power	NOUN
cblr-7157	556	7	holds	hold	VERB
cblr-7157	556	8	a	a	DET
cblr-7157	556	9	unique	unique	ADJ
cblr-7157	556	10	role	role	NOUN
cblr-7157	556	11	is	be	AUX
cblr-7157	556	12	further	far	ADV
cblr-7157	556	13	supported	support	VERB
cblr-7157	556	14	by	by	ADP
cblr-7157	556	15	the	the	DET
cblr-7157	556	16	protections	protection	NOUN
cblr-7157	556	17	it	it	PRON
cblr-7157	556	18	has	have	VERB
cblr-7157	556	19	from	from	ADP
cblr-7157	556	20	certain	certain	ADJ
cblr-7157	556	21	incursions	incursion	NOUN
cblr-7157	556	22	of	of	ADP
cblr-7157	556	23	the	the	DET
cblr-7157	556	24	board	board	NOUN
cblr-7157	556	25	.	.	PUNCT
cblr-7157	557	1	these	these	DET
cblr-7157	557	2	protections	protection	NOUN
cblr-7157	557	3	derive	derive	VERB
cblr-7157	557	4	not	not	PART
cblr-7157	557	5	from	from	ADP
cblr-7157	557	6	any	any	DET
cblr-7157	557	7	126	126	NUM
cblr-7157	557	8	del	del	PROPN
cblr-7157	557	9	.	.	PROPN
cblr-7157	557	10	code	code	PROPN
cblr-7157	557	11	ann	ann	PROPN
cblr-7157	557	12	.	.	PUNCT
cblr-7157	558	1	tit	tit	PROPN
cblr-7157	558	2	.	.	PROPN
cblr-7157	559	1	8	8	NUM
cblr-7157	559	2	,	,	PUNCT
cblr-7157	559	3	§	§	PROPN
cblr-7157	559	4	151(b	151(b	PROPN
cblr-7157	559	5	)	)	PUNCT
cblr-7157	559	6	(	(	PUNCT
cblr-7157	559	7	2019	2019	NUM
cblr-7157	559	8	)	)	PUNCT
cblr-7157	559	9	.	.	PUNCT
cblr-7157	560	1	127	127	NUM
cblr-7157	560	2	model	model	NOUN
cblr-7157	560	3	bus	bus	PROPN
cblr-7157	560	4	.	.	PUNCT
cblr-7157	560	5	corp	corp	PROPN
cblr-7157	560	6	.	.	PROPN
cblr-7157	560	7	act	act	PROPN
cblr-7157	560	8	§	§	PROPN
cblr-7157	560	9	6.03(c	6.03(c	PROPN
cblr-7157	560	10	)	)	PUNCT
cblr-7157	560	11	(	(	PUNCT
cblr-7157	560	12	am	be	AUX
cblr-7157	560	13	.	.	PUNCT
cblr-7157	561	1	bar	bar	NOUN
cblr-7157	561	2	ass’n	ass’n	NUM
cblr-7157	561	3	2016	2016	NUM
cblr-7157	561	4	)	)	PUNCT
cblr-7157	561	5	(	(	PUNCT
cblr-7157	561	6	“	"	PUNCT
cblr-7157	561	7	at	at	ADP
cblr-7157	561	8	all	all	DET
cblr-7157	561	9	times	time	NOUN
cblr-7157	561	10	that	that	SCONJ
cblr-7157	561	11	shares	share	NOUN
cblr-7157	561	12	of	of	ADP
cblr-7157	561	13	the	the	DET
cblr-7157	561	14	corporation	corporation	NOUN
cblr-7157	561	15	are	be	AUX
cblr-7157	561	16	outstanding	outstanding	ADJ
cblr-7157	561	17	,	,	PUNCT
cblr-7157	561	18	one	one	NUM
cblr-7157	561	19	or	or	CCONJ
cblr-7157	561	20	more	more	ADJ
cblr-7157	561	21	shares	share	NOUN
cblr-7157	561	22	that	that	PRON
cblr-7157	561	23	together	together	ADV
cblr-7157	561	24	have	have	VERB
cblr-7157	561	25	full	full	ADJ
cblr-7157	561	26	voting	voting	NOUN
cblr-7157	561	27	rights	right	NOUN
cblr-7157	561	28	and	and	CCONJ
cblr-7157	561	29	one	one	NUM
cblr-7157	561	30	or	or	CCONJ
cblr-7157	561	31	more	more	ADJ
cblr-7157	561	32	shares	share	NOUN
cblr-7157	561	33	that	that	PRON
cblr-7157	561	34	together	together	ADV
cblr-7157	561	35	are	be	AUX
cblr-7157	561	36	entitled	entitle	VERB
cblr-7157	561	37	to	to	PART
cblr-7157	561	38	receive	receive	VERB
cblr-7157	561	39	the	the	DET
cblr-7157	561	40	net	net	ADJ
cblr-7157	561	41	assets	asset	NOUN
cblr-7157	561	42	of	of	ADP
cblr-7157	561	43	the	the	DET
cblr-7157	561	44	corporation	corporation	NOUN
cblr-7157	561	45	upon	upon	SCONJ
cblr-7157	561	46	dissolution	dissolution	NOUN
cblr-7157	561	47	must	must	AUX
cblr-7157	561	48	be	be	AUX
cblr-7157	561	49	outstanding	outstanding	ADJ
cblr-7157	561	50	.	.	PUNCT
cblr-7157	561	51	”	"	PUNCT
cblr-7157	561	52	)	)	PUNCT
cblr-7157	561	53	.	.	PUNCT
cblr-7157	562	1	128	128	NUM
cblr-7157	562	2	see	see	VERB
cblr-7157	562	3	infra	infra	NOUN
cblr-7157	562	4	notes	note	VERB
cblr-7157	562	5	179–183	179–183	NUM
cblr-7157	562	6	and	and	CCONJ
cblr-7157	562	7	accompanying	accompany	VERB
cblr-7157	562	8	text	text	NOUN
cblr-7157	562	9	.	.	PUNCT
cblr-7157	563	1	129	129	NUM
cblr-7157	563	2	see	see	VERB
cblr-7157	563	3	infra	infra	NOUN
cblr-7157	563	4	section	section	NOUN
cblr-7157	563	5	iii.b	iii.b	PROPN
cblr-7157	563	6	.	.	NOUN
cblr-7157	563	7	130	130	NUM
cblr-7157	563	8	as	as	SCONJ
cblr-7157	563	9	noted	note	VERB
cblr-7157	563	10	above	above	ADV
cblr-7157	563	11	,	,	PUNCT
cblr-7157	563	12	the	the	DET
cblr-7157	563	13	mbca	mbca	NOUN
cblr-7157	563	14	and	and	CCONJ
cblr-7157	563	15	the	the	DET
cblr-7157	563	16	dgcl	dgcl	NOUN
cblr-7157	563	17	differ	differ	VERB
cblr-7157	563	18	in	in	ADP
cblr-7157	563	19	this	this	DET
cblr-7157	563	20	regard	regard	NOUN
cblr-7157	563	21	,	,	PUNCT
cblr-7157	563	22	as	as	SCONJ
cblr-7157	563	23	the	the	DET
cblr-7157	563	24	dgcl	dgcl	NOUN
cblr-7157	563	25	requires	require	VERB
cblr-7157	563	26	only	only	ADV
cblr-7157	563	27	stock	stock	NOUN
cblr-7157	563	28	with	with	ADP
cblr-7157	563	29	full	full	ADJ
cblr-7157	563	30	voting	voting	NOUN
cblr-7157	563	31	rights	right	NOUN
cblr-7157	563	32	to	to	PART
cblr-7157	563	33	remain	remain	VERB
cblr-7157	563	34	outstanding	outstanding	ADJ
cblr-7157	563	35	,	,	PUNCT
cblr-7157	563	36	while	while	SCONJ
cblr-7157	563	37	the	the	DET
cblr-7157	563	38	mbca	mbca	NOUN
cblr-7157	563	39	requires	require	VERB
cblr-7157	563	40	stock	stock	NOUN
cblr-7157	563	41	with	with	ADP
cblr-7157	563	42	full	full	ADJ
cblr-7157	563	43	voting	voting	NOUN
cblr-7157	563	44	rights	right	NOUN
cblr-7157	563	45	and	and	CCONJ
cblr-7157	563	46	residual	residual	ADJ
cblr-7157	563	47	economic	economic	ADJ
cblr-7157	563	48	rights	right	NOUN
cblr-7157	563	49	to	to	PART
cblr-7157	563	50	remain	remain	VERB
cblr-7157	563	51	outstanding	outstanding	ADJ
cblr-7157	563	52	.	.	PUNCT
cblr-7157	564	1	compare	compare	VERB
cblr-7157	564	2	del	del	PROPN
cblr-7157	564	3	.	.	PROPN
cblr-7157	564	4	code	code	PROPN
cblr-7157	564	5	ann	ann	PROPN
cblr-7157	564	6	.	.	PUNCT
cblr-7157	565	1	tit	tit	PROPN
cblr-7157	565	2	.	.	PROPN
cblr-7157	566	1	8	8	NUM
cblr-7157	566	2	,	,	PUNCT
cblr-7157	566	3	§	§	PROPN
cblr-7157	566	4	151(b	151(b	PROPN
cblr-7157	566	5	)	)	PUNCT
cblr-7157	566	6	(	(	PUNCT
cblr-7157	566	7	2019	2019	NUM
cblr-7157	566	8	)	)	PUNCT
cblr-7157	566	9	,	,	PUNCT
cblr-7157	566	10	with	with	ADP
cblr-7157	566	11	model	model	NOUN
cblr-7157	566	12	bus	bus	PROPN
cblr-7157	566	13	.	.	PUNCT
cblr-7157	567	1	corp	corp	PROPN
cblr-7157	567	2	.	.	PROPN
cblr-7157	567	3	act	act	PROPN
cblr-7157	567	4	§	§	PROPN
cblr-7157	567	5	6.03(c	6.03(c	PROPN
cblr-7157	567	6	)	)	PUNCT
cblr-7157	567	7	(	(	PUNCT
cblr-7157	567	8	am	be	AUX
cblr-7157	567	9	.	.	PUNCT
cblr-7157	567	10	bar	bar	NOUN
cblr-7157	567	11	ass’n	ass’n	NUM
cblr-7157	567	12	2016	2016	NUM
cblr-7157	567	13	)	)	PUNCT
cblr-7157	567	14	.	.	PUNCT
cblr-7157	568	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	568	2	(	(	PUNCT
cblr-7157	568	3	do	do	AUX
cblr-7157	568	4	not	not	PART
cblr-7157	568	5	delete	delete	VERB
cblr-7157	568	6	)	)	PUNCT
cblr-7157	568	7	10/2/2020	10/2/2020	NUM
cblr-7157	568	8	11:44	11:44	NUM
cblr-7157	568	9	am	be	AUX
cblr-7157	568	10	no	no	NOUN
cblr-7157	568	11	.	.	PUNCT
cblr-7157	568	12	1:1	1:1	NUM
cblr-7157	568	13	]	]	X
cblr-7157	568	14	a	a	DET
cblr-7157	568	15	property	property	NOUN
cblr-7157	568	16	theory	theory	NOUN
cblr-7157	568	17	39	39	NUM
cblr-7157	568	18	explicit	explicit	ADJ
cblr-7157	568	19	or	or	CCONJ
cblr-7157	568	20	default	default	NOUN
cblr-7157	568	21	contractual	contractual	ADJ
cblr-7157	568	22	arrangement	arrangement	NOUN
cblr-7157	568	23	,	,	PUNCT
cblr-7157	568	24	but	but	CCONJ
cblr-7157	568	25	by	by	ADP
cblr-7157	568	26	mandatory	mandatory	ADJ
cblr-7157	568	27	corporate	corporate	ADJ
cblr-7157	568	28	law	law	NOUN
cblr-7157	568	29	.	.	PUNCT
cblr-7157	569	1	for	for	ADP
cblr-7157	569	2	example	example	NOUN
cblr-7157	569	3	,	,	PUNCT
cblr-7157	569	4	delaware	delaware	PROPN
cblr-7157	569	5	prohibits	prohibit	VERB
cblr-7157	569	6	attempts	attempt	NOUN
cblr-7157	569	7	by	by	ADP
cblr-7157	569	8	directors	director	NOUN
cblr-7157	569	9	to	to	PART
cblr-7157	569	10	interfere	interfere	VERB
cblr-7157	569	11	with	with	ADP
cblr-7157	569	12	the	the	DET
cblr-7157	569	13	voting	voting	NOUN
cblr-7157	569	14	rights	right	NOUN
cblr-7157	569	15	of	of	ADP
cblr-7157	569	16	shareholders	shareholder	NOUN
cblr-7157	569	17	through	through	ADP
cblr-7157	569	18	bylaw	bylaw	NOUN
cblr-7157	569	19	amendments	amendment	NOUN
cblr-7157	569	20	.	.	PUNCT
cblr-7157	570	1	in	in	ADP
cblr-7157	570	2	delaware	delaware	PROPN
cblr-7157	570	3	,	,	PUNCT
cblr-7157	570	4	the	the	DET
cblr-7157	570	5	stockholders	stockholder	NOUN
cblr-7157	570	6	have	have	VERB
cblr-7157	570	7	the	the	DET
cblr-7157	570	8	right	right	NOUN
cblr-7157	570	9	to	to	PART
cblr-7157	570	10	unilaterally	unilaterally	ADV
cblr-7157	570	11	amend	amend	VERB
cblr-7157	570	12	the	the	DET
cblr-7157	570	13	bylaws	bylaw	NOUN
cblr-7157	570	14	without	without	ADP
cblr-7157	570	15	the	the	DET
cblr-7157	570	16	need	need	NOUN
cblr-7157	570	17	for	for	ADP
cblr-7157	570	18	director	director	NOUN
cblr-7157	570	19	approval,131	approval,131	PROPN
cblr-7157	571	1	a	a	DET
cblr-7157	571	2	right	right	NOUN
cblr-7157	571	3	that	that	PRON
cblr-7157	571	4	can	can	AUX
cblr-7157	571	5	not	not	PART
cblr-7157	571	6	be	be	AUX
cblr-7157	571	7	taken	take	VERB
cblr-7157	571	8	away.132	away.132	VERB
cblr-7157	571	9	directors	director	NOUN
cblr-7157	571	10	also	also	ADV
cblr-7157	571	11	have	have	VERB
cblr-7157	571	12	the	the	DET
cblr-7157	571	13	right	right	NOUN
cblr-7157	571	14	to	to	PART
cblr-7157	571	15	unilaterally	unilaterally	ADV
cblr-7157	571	16	amend	amend	VERB
cblr-7157	571	17	the	the	DET
cblr-7157	571	18	bylaws	bylaw	NOUN
cblr-7157	571	19	,	,	PUNCT
cblr-7157	571	20	but	but	CCONJ
cblr-7157	571	21	only	only	ADV
cblr-7157	571	22	if	if	SCONJ
cblr-7157	571	23	authorized	authorize	VERB
cblr-7157	571	24	in	in	ADP
cblr-7157	571	25	the	the	DET
cblr-7157	571	26	corporation	corporation	NOUN
cblr-7157	571	27	’s	’s	PART
cblr-7157	571	28	certificate	certificate	NOUN
cblr-7157	571	29	of	of	ADP
cblr-7157	571	30	incorporation.133	incorporation.133	PROPN
cblr-7157	571	31	the	the	DET
cblr-7157	571	32	protections	protection	NOUN
cblr-7157	571	33	against	against	ADP
cblr-7157	571	34	interference	interference	NOUN
cblr-7157	571	35	with	with	ADP
cblr-7157	571	36	the	the	DET
cblr-7157	571	37	shareholder	shareholder	NOUN
cblr-7157	571	38	franchise	franchise	NOUN
cblr-7157	571	39	are	be	AUX
cblr-7157	571	40	special	special	ADJ
cblr-7157	571	41	in	in	ADP
cblr-7157	571	42	corporate	corporate	ADJ
cblr-7157	571	43	law	law	NOUN
cblr-7157	571	44	.	.	PUNCT
cblr-7157	572	1	interference	interference	NOUN
cblr-7157	572	2	by	by	ADP
cblr-7157	572	3	the	the	DET
cblr-7157	572	4	board	board	NOUN
cblr-7157	572	5	with	with	ADP
cblr-7157	572	6	the	the	DET
cblr-7157	572	7	corporate	corporate	ADJ
cblr-7157	572	8	franchise	franchise	NOUN
cblr-7157	572	9	receives	receive	VERB
cblr-7157	572	10	enhanced	enhanced	ADJ
cblr-7157	572	11	scrutiny	scrutiny	NOUN
cblr-7157	572	12	not	not	PART
cblr-7157	572	13	applied	apply	VERB
cblr-7157	572	14	to	to	ADP
cblr-7157	572	15	other	other	ADJ
cblr-7157	572	16	decisions	decision	NOUN
cblr-7157	572	17	affecting	affect	VERB
cblr-7157	572	18	shareholders	shareholder	NOUN
cblr-7157	572	19	’	'	PUNCT
cblr-7157	572	20	rights.134	rights.134	NOUN
cblr-7157	572	21	bylaws	bylaw	NOUN
cblr-7157	572	22	prohibiting	prohibit	VERB
cblr-7157	572	23	the	the	DET
cblr-7157	572	24	stockholders	stockholder	NOUN
cblr-7157	572	25	from	from	ADP
cblr-7157	572	26	removing	remove	VERB
cblr-7157	572	27	directors	director	NOUN
cblr-7157	572	28	without	without	ADP
cblr-7157	572	29	cause	cause	NOUN
cblr-7157	572	30	are	be	AUX
cblr-7157	572	31	invalid.135	invalid.135	NOUN
cblr-7157	572	32	likewise	likewise	ADV
cblr-7157	572	33	,	,	PUNCT
cblr-7157	572	34	bylaws	bylaw	NOUN
cblr-7157	572	35	imposing	impose	VERB
cblr-7157	572	36	a	a	DET
cblr-7157	572	37	supermajority	supermajority	NOUN
cblr-7157	572	38	requirement	requirement	NOUN
cblr-7157	572	39	for	for	ADP
cblr-7157	572	40	the	the	DET
cblr-7157	572	41	removal	removal	NOUN
cblr-7157	572	42	of	of	ADP
cblr-7157	572	43	directors	director	NOUN
cblr-7157	572	44	are	be	AUX
cblr-7157	572	45	invalid.136	invalid.136	NOUN
cblr-7157	572	46	these	these	DET
cblr-7157	572	47	rules	rule	NOUN
cblr-7157	572	48	reflect	reflect	VERB
cblr-7157	572	49	the	the	DET
cblr-7157	572	50	special	special	ADJ
cblr-7157	572	51	connection	connection	NOUN
cblr-7157	572	52	that	that	PRON
cblr-7157	572	53	shareholder	shareholder	NOUN
cblr-7157	572	54	voting	voting	NOUN
cblr-7157	572	55	has	have	VERB
cblr-7157	572	56	to	to	ADP
cblr-7157	572	57	corporate	corporate	ADJ
cblr-7157	572	58	law	law	NOUN
cblr-7157	572	59	and	and	CCONJ
cblr-7157	572	60	fiduciary	fiduciary	ADJ
cblr-7157	572	61	duties	duty	NOUN
cblr-7157	572	62	.	.	PUNCT
cblr-7157	573	1	further	far	ADV
cblr-7157	573	2	,	,	PUNCT
cblr-7157	573	3	shareholders	shareholder	NOUN
cblr-7157	573	4	’	'	PUNCT
cblr-7157	573	5	voting	voting	NOUN
cblr-7157	573	6	power	power	NOUN
cblr-7157	573	7	is	be	AUX
cblr-7157	573	8	protected	protect	VERB
cblr-7157	573	9	by	by	ADP
cblr-7157	573	10	a	a	DET
cblr-7157	573	11	mandatory	mandatory	ADJ
cblr-7157	573	12	“	"	PUNCT
cblr-7157	573	13	property	property	NOUN
cblr-7157	573	14	rule	rule	NOUN
cblr-7157	573	15	”	"	PUNCT
cblr-7157	573	16	in	in	ADP
cblr-7157	573	17	its	its	PRON
cblr-7157	573	18	execution.137	execution.137	NOUN
cblr-7157	573	19	there	there	PRON
cblr-7157	573	20	is	be	VERB
cblr-7157	573	21	no	no	DET
cblr-7157	573	22	notion	notion	NOUN
cblr-7157	573	23	of	of	ADP
cblr-7157	573	24	an	an	DET
cblr-7157	573	25	“	"	PUNCT
cblr-7157	573	26	efficient	efficient	ADJ
cblr-7157	573	27	breach	breach	NOUN
cblr-7157	573	28	”	"	PUNCT
cblr-7157	573	29	of	of	ADP
cblr-7157	573	30	the	the	DET
cblr-7157	573	31	voting	voting	NOUN
cblr-7157	573	32	rights	right	NOUN
cblr-7157	573	33	held	hold	VERB
cblr-7157	573	34	by	by	ADP
cblr-7157	573	35	common	common	ADJ
cblr-7157	573	36	131	131	NUM
cblr-7157	573	37	del	del	PROPN
cblr-7157	573	38	.	.	PROPN
cblr-7157	573	39	code	code	PROPN
cblr-7157	573	40	ann	ann	PROPN
cblr-7157	573	41	.	.	PUNCT
cblr-7157	574	1	tit	tit	PROPN
cblr-7157	574	2	.	.	PROPN
cblr-7157	575	1	8	8	NUM
cblr-7157	575	2	,	,	PUNCT
cblr-7157	575	3	§	§	PROPN
cblr-7157	575	4	109(a	109(a	PROPN
cblr-7157	575	5	)	)	PUNCT
cblr-7157	575	6	(	(	PUNCT
cblr-7157	575	7	2019	2019	NUM
cblr-7157	575	8	)	)	PUNCT
cblr-7157	575	9	(	(	PUNCT
cblr-7157	575	10	“	"	PUNCT
cblr-7157	575	11	after	after	ADP
cblr-7157	575	12	a	a	DET
cblr-7157	575	13	corporation	corporation	NOUN
cblr-7157	575	14	other	other	ADJ
cblr-7157	575	15	than	than	ADP
cblr-7157	575	16	a	a	DET
cblr-7157	575	17	nonstock	nonstock	NOUN
cblr-7157	575	18	corporation	corporation	NOUN
cblr-7157	575	19	has	have	AUX
cblr-7157	575	20	received	receive	VERB
cblr-7157	575	21	any	any	DET
cblr-7157	575	22	payment	payment	NOUN
cblr-7157	575	23	for	for	ADP
cblr-7157	575	24	any	any	PRON
cblr-7157	575	25	of	of	ADP
cblr-7157	575	26	its	its	PRON
cblr-7157	575	27	stock	stock	NOUN
cblr-7157	575	28	,	,	PUNCT
cblr-7157	575	29	the	the	DET
cblr-7157	575	30	power	power	NOUN
cblr-7157	575	31	to	to	PART
cblr-7157	575	32	adopt	adopt	VERB
cblr-7157	575	33	,	,	PUNCT
cblr-7157	575	34	amend	amend	VERB
cblr-7157	575	35	or	or	CCONJ
cblr-7157	575	36	repeal	repeal	NOUN
cblr-7157	575	37	bylaws	bylaw	NOUN
cblr-7157	575	38	shall	shall	AUX
cblr-7157	575	39	be	be	AUX
cblr-7157	575	40	in	in	ADP
cblr-7157	575	41	the	the	DET
cblr-7157	575	42	stockholders	stockholder	NOUN
cblr-7157	575	43	entitled	entitle	VERB
cblr-7157	575	44	to	to	PART
cblr-7157	575	45	vote	vote	VERB
cblr-7157	575	46	.	.	PUNCT
cblr-7157	575	47	”	"	PUNCT
cblr-7157	575	48	)	)	PUNCT
cblr-7157	575	49	.	.	PUNCT
cblr-7157	576	1	132	132	NUM
cblr-7157	576	2	i	i	PROPN
cblr-7157	576	3	d.	d.	PROPN
cblr-7157	576	4	(	(	PUNCT
cblr-7157	576	5	“	"	PUNCT
cblr-7157	576	6	the	the	DET
cblr-7157	576	7	fact	fact	NOUN
cblr-7157	576	8	that	that	SCONJ
cblr-7157	576	9	such	such	ADJ
cblr-7157	576	10	power	power	NOUN
cblr-7157	576	11	has	have	AUX
cblr-7157	576	12	been	be	AUX
cblr-7157	576	13	so	so	ADV
cblr-7157	576	14	conferred	confer	VERB
cblr-7157	576	15	upon	upon	SCONJ
cblr-7157	576	16	the	the	DET
cblr-7157	576	17	directors	director	NOUN
cblr-7157	576	18	or	or	CCONJ
cblr-7157	576	19	governing	govern	VERB
cblr-7157	576	20	body	body	NOUN
cblr-7157	576	21	,	,	PUNCT
cblr-7157	576	22	as	as	SCONJ
cblr-7157	576	23	the	the	DET
cblr-7157	576	24	case	case	NOUN
cblr-7157	576	25	may	may	AUX
cblr-7157	576	26	be	be	AUX
cblr-7157	576	27	,	,	PUNCT
cblr-7157	576	28	shall	shall	AUX
cblr-7157	576	29	not	not	PART
cblr-7157	576	30	divest	divest	VERB
cblr-7157	576	31	the	the	DET
cblr-7157	576	32	stockholders	stockholder	NOUN
cblr-7157	576	33	or	or	CCONJ
cblr-7157	576	34	members	member	NOUN
cblr-7157	576	35	of	of	ADP
cblr-7157	576	36	the	the	DET
cblr-7157	576	37	power	power	NOUN
cblr-7157	576	38	,	,	PUNCT
cblr-7157	576	39	nor	nor	CCONJ
cblr-7157	576	40	limit	limit	VERB
cblr-7157	576	41	their	their	PRON
cblr-7157	576	42	power	power	NOUN
cblr-7157	576	43	to	to	PART
cblr-7157	576	44	adopt	adopt	VERB
cblr-7157	576	45	,	,	PUNCT
cblr-7157	576	46	amend	amend	VERB
cblr-7157	576	47	or	or	CCONJ
cblr-7157	576	48	repeal	repeal	NOUN
cblr-7157	576	49	bylaws	bylaw	NOUN
cblr-7157	576	50	.	.	PUNCT
cblr-7157	576	51	”	"	PUNCT
cblr-7157	576	52	)	)	PUNCT
cblr-7157	576	53	.	.	PUNCT
cblr-7157	577	1	133	133	NUM
cblr-7157	577	2	i	i	PROPN
cblr-7157	577	3	d.	d.	PROPN
cblr-7157	577	4	(	(	PUNCT
cblr-7157	577	5	“	"	PUNCT
cblr-7157	577	6	[	[	X
cblr-7157	577	7	a]ny	a]ny	PROPN
cblr-7157	577	8	corporation	corporation	NOUN
cblr-7157	577	9	may	may	AUX
cblr-7157	577	10	,	,	PUNCT
cblr-7157	577	11	in	in	ADP
cblr-7157	577	12	its	its	PRON
cblr-7157	577	13	certificate	certificate	NOUN
cblr-7157	577	14	of	of	ADP
cblr-7157	577	15	incorporation	incorporation	NOUN
cblr-7157	577	16	,	,	PUNCT
cblr-7157	577	17	confer	confer	VERB
cblr-7157	577	18	the	the	DET
cblr-7157	577	19	power	power	NOUN
cblr-7157	577	20	to	to	PART
cblr-7157	577	21	adopt	adopt	VERB
cblr-7157	577	22	,	,	PUNCT
cblr-7157	577	23	amend	amend	VERB
cblr-7157	577	24	or	or	CCONJ
cblr-7157	577	25	repeal	repeal	NOUN
cblr-7157	577	26	bylaws	bylaw	NOUN
cblr-7157	577	27	upon	upon	SCONJ
cblr-7157	577	28	the	the	DET
cblr-7157	577	29	directors	director	NOUN
cblr-7157	577	30	.	.	PUNCT
cblr-7157	577	31	.	.	PUNCT
cblr-7157	577	32	.	.	PUNCT
cblr-7157	577	33	.	.	PUNCT
cblr-7157	577	34	”	"	PUNCT
cblr-7157	577	35	)	)	PUNCT
cblr-7157	577	36	.	.	PUNCT
cblr-7157	578	1	134	134	NUM
cblr-7157	578	2	see	see	VERB
cblr-7157	578	3	blasius	blasius	PROPN
cblr-7157	578	4	indus	indus	PROPN
cblr-7157	578	5	.	.	PROPN
cblr-7157	578	6	,	,	PUNCT
cblr-7157	578	7	inc	inc	PROPN
cblr-7157	578	8	.	.	PROPN
cblr-7157	579	1	v.	v.	PROPN
cblr-7157	579	2	atlas	atlas	PROPN
cblr-7157	579	3	corp	corp	PROPN
cblr-7157	579	4	.	.	PROPN
cblr-7157	579	5	,	,	PUNCT
cblr-7157	579	6	564	564	NUM
cblr-7157	579	7	a.2d	a.2d	NUM
cblr-7157	579	8	651	651	NUM
cblr-7157	579	9	,	,	PUNCT
cblr-7157	579	10	659	659	NUM
cblr-7157	579	11	(	(	PUNCT
cblr-7157	579	12	del	del	PROPN
cblr-7157	579	13	.	.	PROPN
cblr-7157	579	14	ch	ch	PROPN
cblr-7157	579	15	.	.	PROPN
cblr-7157	579	16	1988	1988	NUM
cblr-7157	579	17	)	)	PUNCT
cblr-7157	579	18	.	.	PUNCT
cblr-7157	580	1	135	135	NUM
cblr-7157	580	2	in	in	ADP
cblr-7157	580	3	re	re	NOUN
cblr-7157	580	4	vaalco	vaalco	VERB
cblr-7157	580	5	energy	energy	NOUN
cblr-7157	580	6	,	,	PUNCT
cblr-7157	580	7	inc	inc	PROPN
cblr-7157	580	8	.	.	PROPN
cblr-7157	580	9	stockholder	stockholder	PROPN
cblr-7157	580	10	litigation	litigation	PROPN
cblr-7157	580	11	,	,	PUNCT
cblr-7157	580	12	c.a	c.a	PROPN
cblr-7157	580	13	.	.	PROPN
cblr-7157	581	1	no	no	INTJ
cblr-7157	581	2	.	.	PUNCT
cblr-7157	582	1	11775vcl	11775vcl	NUM
cblr-7157	582	2	,	,	PUNCT
cblr-7157	582	3	at	at	ADP
cblr-7157	582	4	*	*	NOUN
cblr-7157	582	5	5	5	NUM
cblr-7157	582	6	(	(	PUNCT
cblr-7157	582	7	del	del	PROPN
cblr-7157	582	8	.	.	PROPN
cblr-7157	582	9	ch	ch	PROPN
cblr-7157	582	10	.	.	PUNCT
cblr-7157	583	1	dec	dec	PROPN
cblr-7157	583	2	.	.	PROPN
cblr-7157	583	3	21	21	NUM
cblr-7157	583	4	,	,	PUNCT
cblr-7157	583	5	2015	2015	NUM
cblr-7157	583	6	)	)	PUNCT
cblr-7157	583	7	(	(	PUNCT
cblr-7157	583	8	hon	hon	PROPN
cblr-7157	583	9	.	.	PUNCT
cblr-7157	584	1	j.	j.	PROPN
cblr-7157	584	2	travis	travis	PROPN
cblr-7157	584	3	laster	laster	PROPN
cblr-7157	584	4	,	,	PUNCT
cblr-7157	584	5	vice	vice	NOUN
cblr-7157	584	6	chancellor	chancellor	NOUN
cblr-7157	584	7	,	,	PUNCT
cblr-7157	584	8	ruling	rule	VERB
cblr-7157	584	9	orally	orally	ADV
cblr-7157	584	10	on	on	ADP
cblr-7157	584	11	cross	cross	NOUN
cblr-7157	584	12	motions	motion	NOUN
cblr-7157	584	13	for	for	ADP
cblr-7157	584	14	summary	summary	NOUN
cblr-7157	584	15	judgment	judgment	NOUN
cblr-7157	584	16	)	)	PUNCT
cblr-7157	584	17	.	.	PUNCT
cblr-7157	585	1	136	136	NUM
cblr-7157	585	2	frechter	frechter	ADV
cblr-7157	585	3	v.	v.	ADP
cblr-7157	585	4	zier	zier	NOUN
cblr-7157	585	5	,	,	PUNCT
cblr-7157	585	6	c.a	c.a	PROPN
cblr-7157	585	7	.	.	PROPN
cblr-7157	585	8	no	no	INTJ
cblr-7157	585	9	.	.	PUNCT
cblr-7157	586	1	cv	cv	PROPN
cblr-7157	586	2	12038	12038	NUM
cblr-7157	586	3	-	-	PUNCT
cblr-7157	586	4	vcg	vcg	PROPN
cblr-7157	586	5	,	,	PUNCT
cblr-7157	586	6	2017	2017	NUM
cblr-7157	586	7	wl	wl	NOUN
cblr-7157	586	8	345142	345142	NUM
cblr-7157	586	9	,	,	PUNCT
cblr-7157	586	10	at	at	ADP
cblr-7157	586	11	*	*	NOUN
cblr-7157	586	12	3	3	NUM
cblr-7157	586	13	–	–	SYM
cblr-7157	586	14	4	4	NUM
cblr-7157	586	15	(	(	PUNCT
cblr-7157	586	16	del	del	PROPN
cblr-7157	586	17	.	.	PROPN
cblr-7157	586	18	ch	ch	PROPN
cblr-7157	586	19	.	.	PUNCT
cblr-7157	586	20	jan	jan	PROPN
cblr-7157	586	21	.	.	PROPN
cblr-7157	586	22	24	24	NUM
cblr-7157	586	23	,	,	PUNCT
cblr-7157	586	24	2017	2017	NUM
cblr-7157	586	25	)	)	PUNCT
cblr-7157	586	26	.	.	PUNCT
cblr-7157	587	1	137	137	NUM
cblr-7157	587	2	the	the	DET
cblr-7157	587	3	distinction	distinction	NOUN
cblr-7157	587	4	between	between	ADP
cblr-7157	587	5	property	property	NOUN
cblr-7157	587	6	rules	rule	NOUN
cblr-7157	587	7	and	and	CCONJ
cblr-7157	587	8	liability	liability	NOUN
cblr-7157	587	9	rules	rule	NOUN
cblr-7157	587	10	is	be	AUX
cblr-7157	587	11	one	one	NUM
cblr-7157	587	12	of	of	ADP
cblr-7157	587	13	the	the	DET
cblr-7157	587	14	foundational	foundational	ADJ
cblr-7157	587	15	concepts	concept	NOUN
cblr-7157	587	16	in	in	ADP
cblr-7157	587	17	private	private	ADJ
cblr-7157	587	18	law	law	NOUN
cblr-7157	587	19	.	.	PUNCT
cblr-7157	588	1	see	see	VERB
cblr-7157	588	2	guido	guido	PROPN
cblr-7157	588	3	calabresi	calabresi	PROPN
cblr-7157	588	4	&	&	CCONJ
cblr-7157	588	5	a.	a.	PROPN
cblr-7157	588	6	douglas	douglas	PROPN
cblr-7157	588	7	melamed	melamed	PROPN
cblr-7157	588	8	,	,	PUNCT
cblr-7157	588	9	property	property	NOUN
cblr-7157	588	10	rules	rule	NOUN
cblr-7157	588	11	,	,	PUNCT
cblr-7157	588	12	liability	liability	NOUN
cblr-7157	588	13	rules	rule	NOUN
cblr-7157	588	14	,	,	PUNCT
cblr-7157	588	15	and	and	CCONJ
cblr-7157	588	16	inalienability	inalienability	NOUN
cblr-7157	588	17	:	:	PUNCT
cblr-7157	588	18	one	one	NUM
cblr-7157	588	19	view	view	NOUN
cblr-7157	588	20	of	of	ADP
cblr-7157	588	21	the	the	DET
cblr-7157	588	22	cathedral	cathedral	NOUN
cblr-7157	588	23	,	,	PUNCT
cblr-7157	588	24	85	85	NUM
cblr-7157	588	25	harv	harv	NOUN
cblr-7157	588	26	.	.	PUNCT
cblr-7157	589	1	l.	l.	PROPN
cblr-7157	589	2	rev	rev	PROPN
cblr-7157	589	3	.	.	PROPN
cblr-7157	589	4	1089	1089	NUM
cblr-7157	589	5	,	,	PUNCT
cblr-7157	589	6	1092	1092	NUM
cblr-7157	589	7	(	(	PUNCT
cblr-7157	589	8	1972	1972	NUM
cblr-7157	589	9	)	)	PUNCT
cblr-7157	589	10	.	.	PUNCT
cblr-7157	590	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	590	2	(	(	PUNCT
cblr-7157	590	3	do	do	AUX
cblr-7157	590	4	not	not	PART
cblr-7157	590	5	delte	delte	VERB
cblr-7157	590	6	)	)	PUNCT
cblr-7157	590	7	10/2/2020	10/2/2020	NUM
cblr-7157	590	8	11:44	11:44	NUM
cblr-7157	590	9	am	be	AUX
cblr-7157	590	10	40	40	NUM
cblr-7157	590	11	columbia	columbia	PROPN
cblr-7157	590	12	business	business	NOUN
cblr-7157	590	13	law	law	NOUN
cblr-7157	590	14	review	review	NOUN
cblr-7157	590	15	[	[	X
cblr-7157	590	16	vol	vol	NOUN
cblr-7157	590	17	.	.	PUNCT
cblr-7157	590	18	2020	2020	NUM
cblr-7157	591	1	shareholders	shareholder	NOUN
cblr-7157	591	2	,	,	PUNCT
cblr-7157	591	3	whereby	whereby	SCONJ
cblr-7157	591	4	the	the	DET
cblr-7157	591	5	board	board	NOUN
cblr-7157	591	6	could	could	AUX
cblr-7157	591	7	violate	violate	VERB
cblr-7157	591	8	those	those	DET
cblr-7157	591	9	rights	right	NOUN
cblr-7157	591	10	and	and	CCONJ
cblr-7157	591	11	simply	simply	ADV
cblr-7157	591	12	pay	pay	VERB
cblr-7157	591	13	damages	damage	NOUN
cblr-7157	591	14	.	.	PUNCT
cblr-7157	592	1	suppose	suppose	VERB
cblr-7157	592	2	,	,	PUNCT
cblr-7157	592	3	for	for	ADP
cblr-7157	592	4	example	example	NOUN
cblr-7157	592	5	,	,	PUNCT
cblr-7157	592	6	the	the	DET
cblr-7157	592	7	board	board	NOUN
cblr-7157	592	8	(	(	PUNCT
cblr-7157	592	9	usually	usually	ADV
cblr-7157	592	10	correctly	correctly	ADV
cblr-7157	592	11	)	)	PUNCT
cblr-7157	592	12	concluded	conclude	VERB
cblr-7157	592	13	that	that	SCONJ
cblr-7157	592	14	the	the	DET
cblr-7157	592	15	annual	annual	ADJ
cblr-7157	592	16	meeting	meeting	NOUN
cblr-7157	592	17	was	be	AUX
cblr-7157	592	18	a	a	DET
cblr-7157	592	19	waste	waste	NOUN
cblr-7157	592	20	of	of	ADP
cblr-7157	592	21	money	money	NOUN
cblr-7157	592	22	because	because	SCONJ
cblr-7157	592	23	,	,	PUNCT
cblr-7157	592	24	as	as	SCONJ
cblr-7157	592	25	is	be	AUX
cblr-7157	592	26	usually	usually	ADV
cblr-7157	592	27	the	the	DET
cblr-7157	592	28	case	case	NOUN
cblr-7157	592	29	,	,	PUNCT
cblr-7157	592	30	there	there	PRON
cblr-7157	592	31	were	be	VERB
cblr-7157	592	32	no	no	DET
cblr-7157	592	33	competing	compete	VERB
cblr-7157	592	34	candidates	candidate	NOUN
cblr-7157	592	35	for	for	ADP
cblr-7157	592	36	the	the	DET
cblr-7157	592	37	board	board	NOUN
cblr-7157	592	38	positions	position	NOUN
cblr-7157	592	39	up	up	ADP
cblr-7157	592	40	for	for	ADP
cblr-7157	592	41	election.138	election.138	PROPN
cblr-7157	592	42	it	it	PRON
cblr-7157	592	43	is	be	AUX
cblr-7157	592	44	true	true	ADJ
cblr-7157	592	45	,	,	PUNCT
cblr-7157	592	46	that	that	SCONJ
cblr-7157	592	47	the	the	DET
cblr-7157	592	48	election	election	NOUN
cblr-7157	592	49	of	of	ADP
cblr-7157	592	50	directors	director	NOUN
cblr-7157	592	51	at	at	ADP
cblr-7157	592	52	annual	annual	ADJ
cblr-7157	592	53	meetings	meeting	NOUN
cblr-7157	592	54	may	may	AUX
cblr-7157	592	55	well	well	ADV
cblr-7157	592	56	not	not	PART
cblr-7157	592	57	justify	justify	VERB
cblr-7157	592	58	their	their	PRON
cblr-7157	592	59	cost	cost	NOUN
cblr-7157	592	60	.	.	PUNCT
cblr-7157	593	1	yet	yet	CCONJ
cblr-7157	593	2	directors	director	NOUN
cblr-7157	593	3	could	could	AUX
cblr-7157	593	4	not	not	PART
cblr-7157	593	5	decide	decide	VERB
cblr-7157	593	6	to	to	PART
cblr-7157	593	7	commit	commit	VERB
cblr-7157	593	8	an	an	DET
cblr-7157	593	9	“	"	PUNCT
cblr-7157	593	10	efficient	efficient	ADJ
cblr-7157	593	11	breach	breach	NOUN
cblr-7157	593	12	”	"	PUNCT
cblr-7157	593	13	of	of	ADP
cblr-7157	593	14	the	the	DET
cblr-7157	593	15	company	company	NOUN
cblr-7157	593	16	’s	’s	PART
cblr-7157	593	17	voting	voting	NOUN
cblr-7157	593	18	agreement	agreement	NOUN
cblr-7157	593	19	and	and	CCONJ
cblr-7157	593	20	pay	pay	VERB
cblr-7157	593	21	damages	damage	NOUN
cblr-7157	593	22	;	;	PUNCT
cblr-7157	593	23	in	in	ADP
cblr-7157	593	24	that	that	DET
cblr-7157	593	25	case	case	NOUN
cblr-7157	593	26	,	,	PUNCT
cblr-7157	593	27	an	an	DET
cblr-7157	593	28	injunction	injunction	NOUN
cblr-7157	593	29	(	(	PUNCT
cblr-7157	593	30	property	property	NOUN
cblr-7157	593	31	rule	rule	NOUN
cblr-7157	593	32	)	)	PUNCT
cblr-7157	593	33	would	would	AUX
cblr-7157	593	34	protect	protect	VERB
cblr-7157	593	35	the	the	DET
cblr-7157	593	36	shareholders	shareholder	NOUN
cblr-7157	593	37	’	’	PART
cblr-7157	593	38	voting	voting	NOUN
cblr-7157	593	39	rights	right	NOUN
cblr-7157	593	40	.	.	PUNCT
cblr-7157	594	1	this	this	DET
cblr-7157	594	2	injunctive	injunctive	ADJ
cblr-7157	594	3	protection	protection	NOUN
cblr-7157	594	4	is	be	AUX
cblr-7157	594	5	an	an	DET
cblr-7157	594	6	attribute	attribute	NOUN
cblr-7157	594	7	of	of	ADP
cblr-7157	594	8	property	property	NOUN
cblr-7157	594	9	(	(	PUNCT
cblr-7157	594	10	hence	hence	ADV
cblr-7157	594	11	the	the	DET
cblr-7157	594	12	term	term	NOUN
cblr-7157	594	13	property	property	NOUN
cblr-7157	594	14	rule	rule	NOUN
cblr-7157	594	15	)	)	PUNCT
cblr-7157	594	16	rather	rather	ADV
cblr-7157	594	17	than	than	ADP
cblr-7157	594	18	contract.139	contract.139	VERB
cblr-7157	594	19	the	the	DET
cblr-7157	594	20	proprietary	proprietary	ADJ
cblr-7157	594	21	nature	nature	NOUN
cblr-7157	594	22	of	of	ADP
cblr-7157	594	23	voting	voting	NOUN
cblr-7157	594	24	interests	interest	NOUN
cblr-7157	594	25	is	be	AUX
cblr-7157	594	26	further	far	ADV
cblr-7157	594	27	illustrated	illustrate	VERB
cblr-7157	594	28	by	by	ADP
cblr-7157	594	29	appraisal	appraisal	NOUN
cblr-7157	594	30	rights	right	NOUN
cblr-7157	594	31	,	,	PUNCT
cblr-7157	594	32	which	which	PRON
cblr-7157	594	33	traditionally	traditionally	ADV
cblr-7157	594	34	(	(	PUNCT
cblr-7157	594	35	and	and	CCONJ
cblr-7157	594	36	still	still	ADV
cblr-7157	594	37	for	for	ADP
cblr-7157	594	38	the	the	DET
cblr-7157	594	39	most	most	ADJ
cblr-7157	594	40	part	part	NOUN
cblr-7157	594	41	)	)	PUNCT
cblr-7157	594	42	attach	attach	VERB
cblr-7157	594	43	to	to	ADP
cblr-7157	594	44	voting	vote	VERB
cblr-7157	594	45	interests	interest	NOUN
cblr-7157	594	46	.	.	PUNCT
cblr-7157	595	1	appraisal	appraisal	NOUN
cblr-7157	595	2	rights	right	NOUN
cblr-7157	595	3	were	be	AUX
cblr-7157	595	4	part	part	NOUN
cblr-7157	595	5	of	of	ADP
cblr-7157	595	6	the	the	DET
cblr-7157	595	7	legal	legal	ADJ
cblr-7157	595	8	adaptation	adaptation	NOUN
cblr-7157	595	9	necessary	necessary	ADJ
cblr-7157	595	10	to	to	PART
cblr-7157	595	11	remove	remove	VERB
cblr-7157	595	12	unanimity	unanimity	NOUN
cblr-7157	595	13	requirements	requirement	NOUN
cblr-7157	595	14	from	from	ADP
cblr-7157	595	15	corporate	corporate	ADJ
cblr-7157	595	16	law	law	NOUN
cblr-7157	595	17	approval	approval	NOUN
cblr-7157	595	18	processes	process	NOUN
cblr-7157	595	19	.	.	PUNCT
cblr-7157	596	1	in	in	ADP
cblr-7157	596	2	other	other	ADJ
cblr-7157	596	3	words	word	NOUN
cblr-7157	596	4	,	,	PUNCT
cblr-7157	596	5	the	the	DET
cblr-7157	596	6	emergence	emergence	NOUN
cblr-7157	596	7	of	of	ADP
cblr-7157	596	8	appraisal	appraisal	NOUN
cblr-7157	596	9	rights	right	NOUN
cblr-7157	596	10	were	be	AUX
cblr-7157	596	11	the	the	DET
cblr-7157	596	12	result	result	NOUN
cblr-7157	596	13	of	of	ADP
cblr-7157	596	14	a	a	DET
cblr-7157	596	15	quid	quid	ADJ
cblr-7157	596	16	pro	pro	X
cblr-7157	596	17	quo	quo	NOUN
cblr-7157	596	18	;	;	PUNCT
cblr-7157	596	19	in	in	ADP
cblr-7157	596	20	exchange	exchange	NOUN
cblr-7157	596	21	,	,	PUNCT
cblr-7157	596	22	corporate	corporate	ADJ
cblr-7157	596	23	law	law	NOUN
cblr-7157	596	24	moved	move	VERB
cblr-7157	596	25	away	away	ADV
cblr-7157	596	26	from	from	ADP
cblr-7157	596	27	a	a	DET
cblr-7157	596	28	unanimous	unanimous	ADJ
cblr-7157	596	29	consent	consent	NOUN
cblr-7157	596	30	rule	rule	NOUN
cblr-7157	596	31	toward	toward	ADP
cblr-7157	596	32	a	a	DET
cblr-7157	596	33	majority	majority	NOUN
cblr-7157	596	34	voting	voting	NOUN
cblr-7157	596	35	rule.140	rule.140	ADV
cblr-7157	596	36	the	the	DET
cblr-7157	596	37	idea	idea	NOUN
cblr-7157	596	38	was	be	AUX
cblr-7157	596	39	that	that	PRON
cblr-7157	596	40	appraisal	appraisal	NOUN
cblr-7157	596	41	rights	right	NOUN
cblr-7157	596	42	offered	offer	VERB
cblr-7157	596	43	shareholders	shareholder	NOUN
cblr-7157	596	44	the	the	DET
cblr-7157	596	45	fair	fair	ADJ
cblr-7157	596	46	value	value	NOUN
cblr-7157	596	47	of	of	ADP
cblr-7157	596	48	their	their	PRON
cblr-7157	596	49	shares	share	NOUN
cblr-7157	596	50	in	in	ADP
cblr-7157	596	51	exchange	exchange	NOUN
cblr-7157	596	52	for	for	ADP
cblr-7157	596	53	yielding	yield	VERB
cblr-7157	596	54	the	the	DET
cblr-7157	596	55	right	right	NOUN
cblr-7157	596	56	to	to	PART
cblr-7157	596	57	veto	veto	VERB
cblr-7157	596	58	a	a	DET
cblr-7157	596	59	transaction	transaction	NOUN
cblr-7157	596	60	that	that	PRON
cblr-7157	596	61	deprived	deprive	VERB
cblr-7157	596	62	them	they	PRON
cblr-7157	596	63	of	of	ADP
cblr-7157	596	64	their	their	PRON
cblr-7157	596	65	property.141	property.141	NOUN
cblr-7157	596	66	it	it	PRON
cblr-7157	596	67	follows	follow	VERB
cblr-7157	596	68	,	,	PUNCT
cblr-7157	596	69	then	then	ADV
cblr-7157	596	70	,	,	PUNCT
cblr-7157	596	71	that	that	SCONJ
cblr-7157	596	72	appraisal	appraisal	NOUN
cblr-7157	596	73	rights	right	NOUN
cblr-7157	596	74	in	in	ADP
cblr-7157	596	75	transactions	transaction	NOUN
cblr-7157	596	76	generally	generally	ADV
cblr-7157	596	77	138	138	NUM
cblr-7157	596	78	the	the	DET
cblr-7157	596	79	default	default	NOUN
cblr-7157	596	80	rule	rule	NOUN
cblr-7157	596	81	is	be	AUX
cblr-7157	596	82	that	that	SCONJ
cblr-7157	596	83	directors	director	NOUN
cblr-7157	596	84	are	be	AUX
cblr-7157	596	85	elected	elect	VERB
cblr-7157	596	86	by	by	ADP
cblr-7157	596	87	a	a	DET
cblr-7157	596	88	plurality	plurality	NOUN
cblr-7157	596	89	of	of	ADP
cblr-7157	596	90	the	the	DET
cblr-7157	596	91	votes	vote	NOUN
cblr-7157	596	92	,	,	PUNCT
cblr-7157	596	93	so	so	CCONJ
cblr-7157	596	94	when	when	SCONJ
cblr-7157	596	95	there	there	PRON
cblr-7157	596	96	are	be	VERB
cblr-7157	596	97	only	only	ADV
cblr-7157	596	98	as	as	ADV
cblr-7157	596	99	many	many	ADJ
cblr-7157	596	100	candidates	candidate	NOUN
cblr-7157	596	101	as	as	SCONJ
cblr-7157	596	102	there	there	PRON
cblr-7157	596	103	are	be	VERB
cblr-7157	596	104	board	board	NOUN
cblr-7157	596	105	positions	position	NOUN
cblr-7157	596	106	the	the	DET
cblr-7157	596	107	candidates	candidate	NOUN
cblr-7157	596	108	are	be	AUX
cblr-7157	596	109	certain	certain	ADJ
cblr-7157	596	110	to	to	PART
cblr-7157	596	111	be	be	AUX
cblr-7157	596	112	elected	elect	VERB
cblr-7157	596	113	.	.	PUNCT
cblr-7157	597	1	see	see	VERB
cblr-7157	597	2	lee	lee	PROPN
cblr-7157	597	3	harris	harris	PROPN
cblr-7157	597	4	,	,	PUNCT
cblr-7157	597	5	the	the	DET
cblr-7157	597	6	politics	politic	NOUN
cblr-7157	597	7	of	of	ADP
cblr-7157	597	8	shareholder	shareholder	NOUN
cblr-7157	597	9	voting	voting	NOUN
cblr-7157	597	10	,	,	PUNCT
cblr-7157	597	11	86	86	NUM
cblr-7157	597	12	n.y.u	n.y.u	NOUN
cblr-7157	597	13	.	.	PUNCT
cblr-7157	598	1	l.	l.	PROPN
cblr-7157	598	2	rev	rev	PROPN
cblr-7157	598	3	.	.	PROPN
cblr-7157	598	4	1761	1761	NUM
cblr-7157	598	5	,	,	PUNCT
cblr-7157	598	6	1788	1788	NUM
cblr-7157	598	7	n.133	n.133	NOUN
cblr-7157	598	8	(	(	PUNCT
cblr-7157	598	9	2011	2011	NUM
cblr-7157	598	10	)	)	PUNCT
cblr-7157	598	11	.	.	PUNCT
cblr-7157	599	1	139	139	NUM
cblr-7157	599	2	contract	contract	NOUN
cblr-7157	599	3	rights	right	NOUN
cblr-7157	599	4	can	can	AUX
cblr-7157	599	5	,	,	PUNCT
cblr-7157	599	6	of	of	ADP
cblr-7157	599	7	course	course	NOUN
cblr-7157	599	8	,	,	PUNCT
cblr-7157	599	9	be	be	AUX
cblr-7157	599	10	protected	protect	VERB
cblr-7157	599	11	by	by	ADP
cblr-7157	599	12	property	property	NOUN
cblr-7157	599	13	rules	rule	NOUN
cblr-7157	599	14	as	as	ADV
cblr-7157	599	15	well	well	ADV
cblr-7157	599	16	(	(	PUNCT
cblr-7157	599	17	usually	usually	ADV
cblr-7157	599	18	by	by	ADP
cblr-7157	599	19	injunctions	injunction	NOUN
cblr-7157	599	20	)	)	PUNCT
cblr-7157	599	21	.	.	PUNCT
cblr-7157	600	1	however	however	ADV
cblr-7157	600	2	,	,	PUNCT
cblr-7157	600	3	the	the	DET
cblr-7157	600	4	general	general	ADJ
cblr-7157	600	5	prerequisite	prerequisite	NOUN
cblr-7157	600	6	to	to	AUX
cblr-7157	600	7	injunctive	injunctive	ADJ
cblr-7157	600	8	relief	relief	NOUN
cblr-7157	600	9	in	in	ADP
cblr-7157	600	10	contract	contract	NOUN
cblr-7157	600	11	is	be	AUX
cblr-7157	600	12	that	that	SCONJ
cblr-7157	600	13	damages	damage	NOUN
cblr-7157	600	14	would	would	AUX
cblr-7157	600	15	be	be	AUX
cblr-7157	600	16	inadequate	inadequate	ADJ
cblr-7157	600	17	,	,	PUNCT
cblr-7157	600	18	whereas	whereas	SCONJ
cblr-7157	600	19	land	land	NOUN
cblr-7157	600	20	is	be	AUX
cblr-7157	600	21	presumed	presume	VERB
cblr-7157	600	22	unique	unique	ADJ
cblr-7157	600	23	and	and	CCONJ
cblr-7157	600	24	requires	require	VERB
cblr-7157	600	25	no	no	DET
cblr-7157	600	26	such	such	ADJ
cblr-7157	600	27	showing	showing	NOUN
cblr-7157	600	28	.	.	PUNCT
cblr-7157	601	1	see	see	VERB
cblr-7157	601	2	,	,	PUNCT
cblr-7157	601	3	e.g.	e.g.	ADV
cblr-7157	601	4	,	,	PUNCT
cblr-7157	601	5	42	42	NUM
cblr-7157	601	6	am	am	NOUN
cblr-7157	601	7	.	.	PUNCT
cblr-7157	602	1	jur	jur	PROPN
cblr-7157	602	2	.	.	PUNCT
cblr-7157	603	1	2d	2d	PROPN
cblr-7157	603	2	injunctions	injunction	NOUN
cblr-7157	603	3	§	§	PROPN
cblr-7157	603	4	116	116	NUM
cblr-7157	603	5	,	,	PUNCT
cblr-7157	603	6	westlaw	westlaw	NOUN
cblr-7157	603	7	(	(	PUNCT
cblr-7157	603	8	database	database	PROPN
cblr-7157	603	9	updated	update	VERB
cblr-7157	603	10	feb	feb	PROPN
cblr-7157	603	11	.	.	PROPN
cblr-7157	603	12	2020	2020	NUM
cblr-7157	603	13	)	)	PUNCT
cblr-7157	603	14	.	.	PUNCT
cblr-7157	604	1	140	140	NUM
cblr-7157	604	2	michael	michael	PROPN
cblr-7157	604	3	bradley	bradley	PROPN
cblr-7157	604	4	&	&	CCONJ
cblr-7157	604	5	michael	michael	PROPN
cblr-7157	604	6	rosenzweig	rosenzweig	PROPN
cblr-7157	604	7	,	,	PUNCT
cblr-7157	604	8	defensive	defensive	ADJ
cblr-7157	604	9	stock	stock	NOUN
cblr-7157	604	10	repurchases	repurchase	NOUN
cblr-7157	604	11	and	and	CCONJ
cblr-7157	604	12	the	the	DET
cblr-7157	604	13	appraisal	appraisal	NOUN
cblr-7157	604	14	remedy	remedy	NOUN
cblr-7157	604	15	,	,	PUNCT
cblr-7157	604	16	96	96	NUM
cblr-7157	604	17	yale	yale	PROPN
cblr-7157	604	18	l.j	l.j	PROPN
cblr-7157	604	19	.	.	PROPN
cblr-7157	604	20	322	322	NUM
cblr-7157	604	21	,	,	PUNCT
cblr-7157	604	22	331	331	NUM
cblr-7157	604	23	(	(	PUNCT
cblr-7157	604	24	1986	1986	NUM
cblr-7157	604	25	)	)	PUNCT
cblr-7157	604	26	.	.	PUNCT
cblr-7157	605	1	141	141	NUM
cblr-7157	605	2	see	see	NOUN
cblr-7157	605	3	,	,	PUNCT
cblr-7157	605	4	e.g.	e.g.	ADV
cblr-7157	605	5	,	,	PUNCT
cblr-7157	605	6	12b	12b	PROPN
cblr-7157	605	7	william	william	PROPN
cblr-7157	605	8	meade	meade	PROPN
cblr-7157	605	9	fletcher	fletcher	PROPN
cblr-7157	605	10	et	et	PROPN
cblr-7157	605	11	al	al	PROPN
cblr-7157	605	12	.	.	PROPN
cblr-7157	605	13	,	,	PUNCT
cblr-7157	605	14	fletcher	fletcher	PROPN
cblr-7157	605	15	cyclopedia	cyclopedia	PROPN
cblr-7157	605	16	of	of	ADP
cblr-7157	605	17	the	the	DET
cblr-7157	605	18	law	law	NOUN
cblr-7157	605	19	of	of	ADP
cblr-7157	605	20	private	private	ADJ
cblr-7157	605	21	corporations	corporation	NOUN
cblr-7157	605	22	§	§	PROPN
cblr-7157	605	23	5906.10	5906.10	NUM
cblr-7157	605	24	(	(	PUNCT
cblr-7157	605	25	perm	perm	NOUN
cblr-7157	605	26	.	.	PUNCT
cblr-7157	606	1	ed	ed	NOUN
cblr-7157	606	2	.	.	PROPN
cblr-7157	606	3	,	,	PUNCT
cblr-7157	606	4	rev	rev	PROPN
cblr-7157	606	5	.	.	PROPN
cblr-7157	606	6	vol	vol	NOUN
cblr-7157	606	7	.	.	PROPN
cblr-7157	606	8	1990	1990	NUM
cblr-7157	606	9	)	)	PUNCT
cblr-7157	606	10	(	(	PUNCT
cblr-7157	606	11	“	"	PUNCT
cblr-7157	606	12	the	the	DET
cblr-7157	606	13	purpose	purpose	NOUN
cblr-7157	606	14	of	of	ADP
cblr-7157	606	15	[	[	X
cblr-7157	606	16	appraisal	appraisal	NOUN
cblr-7157	606	17	]	]	PUNCT
cblr-7157	606	18	statutes	statute	NOUN
cblr-7157	606	19	is	be	AUX
cblr-7157	606	20	to	to	PART
cblr-7157	606	21	protect	protect	VERB
cblr-7157	606	22	the	the	DET
cblr-7157	606	23	property	property	NOUN
cblr-7157	606	24	rights	right	NOUN
cblr-7157	606	25	of	of	ADP
cblr-7157	606	26	dissenting	dissent	VERB
cblr-7157	606	27	shareholders	shareholder	NOUN
cblr-7157	606	28	from	from	ADP
cblr-7157	606	29	actions	action	NOUN
cblr-7157	606	30	by	by	ADP
cblr-7157	606	31	majority	majority	NOUN
cblr-7157	606	32	shareholders	shareholder	NOUN
cblr-7157	606	33	which	which	PRON
cblr-7157	606	34	alter	alter	VERB
cblr-7157	606	35	the	the	DET
cblr-7157	606	36	character	character	NOUN
cblr-7157	606	37	of	of	ADP
cblr-7157	606	38	their	their	PRON
cblr-7157	606	39	investment	investment	NOUN
cblr-7157	606	40	.	.	PUNCT
cblr-7157	606	41	”	"	PUNCT
cblr-7157	606	42	)	)	PUNCT
cblr-7157	606	43	.	.	PUNCT
cblr-7157	607	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	607	2	(	(	PUNCT
cblr-7157	607	3	do	do	AUX
cblr-7157	607	4	not	not	PART
cblr-7157	607	5	delete	delete	VERB
cblr-7157	607	6	)	)	PUNCT
cblr-7157	607	7	10/2/2020	10/2/2020	NUM
cblr-7157	607	8	11:44	11:44	NUM
cblr-7157	607	9	am	be	AUX
cblr-7157	607	10	no	no	NOUN
cblr-7157	607	11	.	.	PUNCT
cblr-7157	607	12	1:1	1:1	NUM
cblr-7157	607	13	]	]	X
cblr-7157	607	14	a	a	DET
cblr-7157	607	15	property	property	NOUN
cblr-7157	607	16	theory	theory	NOUN
cblr-7157	607	17	41	41	NUM
cblr-7157	607	18	follow	follow	NOUN
cblr-7157	607	19	voting	voting	NOUN
cblr-7157	607	20	rights	right	NOUN
cblr-7157	607	21	,	,	PUNCT
cblr-7157	607	22	although	although	SCONJ
cblr-7157	607	23	not	not	PART
cblr-7157	607	24	perfectly.142	perfectly.142	ADJ
cblr-7157	607	25	other	other	ADJ
cblr-7157	607	26	interests	interest	NOUN
cblr-7157	607	27	in	in	ADP
cblr-7157	607	28	the	the	DET
cblr-7157	607	29	corporation	corporation	NOUN
cblr-7157	607	30	do	do	AUX
cblr-7157	607	31	not	not	PART
cblr-7157	607	32	benefit	benefit	VERB
cblr-7157	607	33	from	from	ADP
cblr-7157	607	34	appraisal	appraisal	NOUN
cblr-7157	607	35	rights	right	NOUN
cblr-7157	607	36	,	,	PUNCT
cblr-7157	607	37	because	because	SCONJ
cblr-7157	607	38	they	they	PRON
cblr-7157	607	39	arise	arise	VERB
cblr-7157	607	40	from	from	ADP
cblr-7157	607	41	contract	contract	NOUN
cblr-7157	607	42	interests	interest	NOUN
cblr-7157	607	43	rather	rather	ADV
cblr-7157	607	44	than	than	ADP
cblr-7157	607	45	property	property	NOUN
cblr-7157	607	46	interests	interest	NOUN
cblr-7157	607	47	.	.	PUNCT
cblr-7157	608	1	shares	share	NOUN
cblr-7157	608	2	are	be	AUX
cblr-7157	608	3	also	also	ADV
cblr-7157	608	4	unique	unique	ADJ
cblr-7157	608	5	among	among	ADP
cblr-7157	608	6	claims	claim	NOUN
cblr-7157	608	7	on	on	ADP
cblr-7157	608	8	the	the	DET
cblr-7157	608	9	corporation	corporation	NOUN
cblr-7157	608	10	in	in	SCONJ
cblr-7157	608	11	that	that	SCONJ
cblr-7157	608	12	they	they	PRON
cblr-7157	608	13	can	can	AUX
cblr-7157	608	14	not	not	PART
cblr-7157	608	15	be	be	AUX
cblr-7157	608	16	issued	issue	VERB
cblr-7157	608	17	without	without	ADP
cblr-7157	608	18	first	first	ADV
cblr-7157	608	19	having	having	AUX
cblr-7157	608	20	been	be	AUX
cblr-7157	608	21	authorized	authorize	VERB
cblr-7157	608	22	in	in	ADP
cblr-7157	608	23	a	a	DET
cblr-7157	608	24	public	public	ADJ
cblr-7157	608	25	filing.143	filing.143	NOUN
cblr-7157	608	26	corporations	corporation	NOUN
cblr-7157	608	27	are	be	AUX
cblr-7157	608	28	formed	form	VERB
cblr-7157	608	29	by	by	ADP
cblr-7157	608	30	a	a	DET
cblr-7157	608	31	charter	charter	NOUN
cblr-7157	608	32	issued	issue	VERB
cblr-7157	608	33	by	by	ADP
cblr-7157	608	34	the	the	DET
cblr-7157	608	35	state	state	NOUN
cblr-7157	608	36	in	in	ADP
cblr-7157	608	37	which	which	PRON
cblr-7157	608	38	the	the	DET
cblr-7157	608	39	total	total	ADJ
cblr-7157	608	40	number	number	NOUN
cblr-7157	608	41	of	of	ADP
cblr-7157	608	42	authorized	authorized	ADJ
cblr-7157	608	43	shares	share	NOUN
cblr-7157	608	44	is	be	AUX
cblr-7157	608	45	required	require	VERB
cblr-7157	608	46	to	to	PART
cblr-7157	608	47	be	be	AUX
cblr-7157	608	48	publicly	publicly	ADV
cblr-7157	608	49	disclosed.144	disclosed.144	ADJ
cblr-7157	608	50	in	in	ADP
cblr-7157	608	51	contrast	contrast	NOUN
cblr-7157	608	52	,	,	PUNCT
cblr-7157	608	53	contracts	contract	NOUN
cblr-7157	608	54	do	do	AUX
cblr-7157	608	55	not	not	PART
cblr-7157	608	56	require	require	VERB
cblr-7157	608	57	a	a	DET
cblr-7157	608	58	public	public	ADJ
cblr-7157	608	59	filing	filing	NOUN
cblr-7157	608	60	or	or	CCONJ
cblr-7157	608	61	public	public	ADJ
cblr-7157	608	62	notice	notice	NOUN
cblr-7157	608	63	for	for	ADP
cblr-7157	608	64	their	their	PRON
cblr-7157	608	65	creation	creation	NOUN
cblr-7157	608	66	.	.	PUNCT
cblr-7157	609	1	thus	thus	ADV
cblr-7157	609	2	,	,	PUNCT
cblr-7157	609	3	the	the	DET
cblr-7157	609	4	other	other	ADJ
cblr-7157	609	5	constituents	constituent	NOUN
cblr-7157	609	6	in	in	ADP
cblr-7157	609	7	the	the	DET
cblr-7157	609	8	corporation	corporation	NOUN
cblr-7157	609	9	have	have	VERB
cblr-7157	609	10	no	no	DET
cblr-7157	609	11	requirement	requirement	NOUN
cblr-7157	609	12	to	to	PART
cblr-7157	609	13	publicly	publicly	ADV
cblr-7157	609	14	disclose	disclose	VERB
cblr-7157	609	15	the	the	DET
cblr-7157	609	16	total	total	ADJ
cblr-7157	609	17	number	number	NOUN
cblr-7157	609	18	of	of	ADP
cblr-7157	609	19	authorized	authorize	VERB
cblr-7157	609	20	interests	interest	NOUN
cblr-7157	609	21	they	they	PRON
cblr-7157	609	22	might	might	AUX
cblr-7157	609	23	have	have	VERB
cblr-7157	609	24	in	in	ADP
cblr-7157	609	25	the	the	DET
cblr-7157	609	26	corporation	corporation	NOUN
cblr-7157	609	27	.	.	PUNCT
cblr-7157	610	1	stock	stock	NOUN
cblr-7157	610	2	is	be	AUX
cblr-7157	610	3	the	the	DET
cblr-7157	610	4	only	only	ADJ
cblr-7157	610	5	claim	claim	NOUN
cblr-7157	610	6	whose	whose	DET
cblr-7157	610	7	interests	interest	NOUN
cblr-7157	610	8	can	can	AUX
cblr-7157	610	9	only	only	ADV
cblr-7157	610	10	be	be	AUX
cblr-7157	610	11	created	create	VERB
cblr-7157	610	12	by	by	ADP
cblr-7157	610	13	a	a	DET
cblr-7157	610	14	public	public	ADJ
cblr-7157	610	15	filing	filing	NOUN
cblr-7157	610	16	.	.	PUNCT
cblr-7157	611	1	this	this	DET
cblr-7157	611	2	requirement	requirement	NOUN
cblr-7157	611	3	of	of	ADP
cblr-7157	611	4	that	that	SCONJ
cblr-7157	611	5	the	the	DET
cblr-7157	611	6	corporate	corporate	ADJ
cblr-7157	611	7	charter	charter	NOUN
cblr-7157	611	8	be	be	AUX
cblr-7157	611	9	publicly	publicly	ADV
cblr-7157	611	10	filed	file	VERB
cblr-7157	611	11	to	to	PART
cblr-7157	611	12	provide	provide	VERB
cblr-7157	611	13	notice	notice	NOUN
cblr-7157	611	14	to	to	ADP
cblr-7157	611	15	third	third	ADJ
cblr-7157	611	16	parties	party	NOUN
cblr-7157	611	17	is	be	AUX
cblr-7157	611	18	a	a	DET
cblr-7157	611	19	feature	feature	NOUN
cblr-7157	611	20	of	of	ADP
cblr-7157	611	21	property	property	NOUN
cblr-7157	611	22	law	law	NOUN
cblr-7157	611	23	,	,	PUNCT
cblr-7157	611	24	not	not	PART
cblr-7157	611	25	contract	contract	NOUN
cblr-7157	611	26	law.145	law.145	VERB
cblr-7157	611	27	the	the	DET
cblr-7157	611	28	requirement	requirement	NOUN
cblr-7157	611	29	of	of	ADP
cblr-7157	611	30	filing	filing	NOUN
cblr-7157	611	31	is	be	AUX
cblr-7157	611	32	in	in	ADP
cblr-7157	611	33	part	part	NOUN
cblr-7157	611	34	designed	design	VERB
cblr-7157	611	35	to	to	PART
cblr-7157	611	36	provide	provide	VERB
cblr-7157	611	37	notice	notice	NOUN
cblr-7157	611	38	to	to	ADP
cblr-7157	611	39	third	third	ADJ
cblr-7157	611	40	parties	party	NOUN
cblr-7157	611	41	of	of	ADP
cblr-7157	611	42	shareholders	shareholder	NOUN
cblr-7157	611	43	’	'	PUNCT
cblr-7157	611	44	in	in	ADP
cblr-7157	611	45	rem	rem	NOUN
cblr-7157	611	46	rights	right	NOUN
cblr-7157	611	47	,	,	PUNCT
cblr-7157	611	48	or	or	CCONJ
cblr-7157	611	49	rights	right	NOUN
cblr-7157	611	50	“	"	PUNCT
cblr-7157	611	51	good	good	ADJ
cblr-7157	611	52	against	against	ADP
cblr-7157	611	53	the	the	DET
cblr-7157	611	54	world	world	NOUN
cblr-7157	611	55	,	,	PUNCT
cblr-7157	611	56	”	"	PUNCT
cblr-7157	611	57	which	which	PRON
cblr-7157	611	58	are	be	AUX
cblr-7157	611	59	characteristic	characteristic	ADJ
cblr-7157	611	60	of	of	ADP
cblr-7157	611	61	property	property	NOUN
cblr-7157	611	62	interests	interest	NOUN
cblr-7157	611	63	,	,	PUNCT
cblr-7157	611	64	not	not	PART
cblr-7157	611	65	contract	contract	NOUN
cblr-7157	611	66	rights.146	rights.146	NOUN
cblr-7157	611	67	relatedly	relatedly	ADV
cblr-7157	611	68	,	,	PUNCT
cblr-7157	611	69	in	in	ADP
cblr-7157	611	70	case	case	NOUN
cblr-7157	611	71	of	of	ADP
cblr-7157	611	72	conflict	conflict	NOUN
cblr-7157	611	73	between	between	ADP
cblr-7157	611	74	the	the	DET
cblr-7157	611	75	corporation	corporation	NOUN
cblr-7157	611	76	’s	’s	PART
cblr-7157	611	77	articles	article	NOUN
cblr-7157	611	78	of	of	ADP
cblr-7157	611	79	incorporation	incorporation	NOUN
cblr-7157	611	80	and	and	CCONJ
cblr-7157	611	81	bylaws	bylaw	NOUN
cblr-7157	611	82	,	,	PUNCT
cblr-7157	611	83	the	the	DET
cblr-7157	611	84	charter	charter	NOUN
cblr-7157	611	85	will	will	AUX
cblr-7157	611	86	prevail	prevail	VERB
cblr-7157	611	87	even	even	ADV
cblr-7157	611	88	if	if	SCONJ
cblr-7157	611	89	the	the	DET
cblr-7157	611	90	bylaws	bylaw	NOUN
cblr-7157	611	91	were	be	AUX
cblr-7157	611	92	entered	enter	VERB
cblr-7157	611	93	into	into	ADP
cblr-7157	611	94	after	after	ADP
cblr-7157	611	95	the	the	DET
cblr-7157	611	96	charter.147	charter.147	NOUN
cblr-7157	611	97	this	this	PRON
cblr-7157	611	98	illustrates	illustrate	VERB
cblr-7157	611	99	142	142	NUM
cblr-7157	611	100	see	see	NOUN
cblr-7157	611	101	melvin	melvin	PROPN
cblr-7157	611	102	aron	aron	PROPN
cblr-7157	611	103	eisenberg	eisenberg	PROPN
cblr-7157	611	104	,	,	PUNCT
cblr-7157	611	105	the	the	DET
cblr-7157	611	106	modernization	modernization	NOUN
cblr-7157	611	107	of	of	ADP
cblr-7157	611	108	corporate	corporate	ADJ
cblr-7157	611	109	law	law	NOUN
cblr-7157	611	110	:	:	PUNCT
cblr-7157	611	111	an	an	DET
cblr-7157	611	112	essay	essay	NOUN
cblr-7157	611	113	for	for	ADP
cblr-7157	611	114	bill	bill	PROPN
cblr-7157	611	115	cary	cary	PROPN
cblr-7157	611	116	,	,	PUNCT
cblr-7157	611	117	37	37	NUM
cblr-7157	611	118	u.	u.	PROPN
cblr-7157	611	119	miami	miami	PROPN
cblr-7157	611	120	l.	l.	PROPN
cblr-7157	611	121	rev	rev	PROPN
cblr-7157	611	122	.	.	PROPN
cblr-7157	611	123	187	187	NUM
cblr-7157	611	124	,	,	PUNCT
cblr-7157	611	125	194	194	NUM
cblr-7157	611	126	(	(	PUNCT
cblr-7157	611	127	1983	1983	NUM
cblr-7157	611	128	)	)	PUNCT
cblr-7157	611	129	(	(	PUNCT
cblr-7157	611	130	noting	note	VERB
cblr-7157	611	131	that	that	SCONJ
cblr-7157	611	132	appraisal	appraisal	NOUN
cblr-7157	611	133	rights	right	NOUN
cblr-7157	611	134	generally	generally	ADV
cblr-7157	611	135	follow	follow	VERB
cblr-7157	611	136	voting	voting	NOUN
cblr-7157	611	137	rights	right	NOUN
cblr-7157	611	138	,	,	PUNCT
cblr-7157	611	139	but	but	CCONJ
cblr-7157	611	140	not	not	PART
cblr-7157	611	141	always	always	ADV
cblr-7157	611	142	)	)	PUNCT
cblr-7157	611	143	.	.	PUNCT
cblr-7157	612	1	143	143	NUM
cblr-7157	612	2	security	security	NOUN
cblr-7157	612	3	interests	interest	NOUN
cblr-7157	612	4	on	on	ADP
cblr-7157	612	5	corporate	corporate	ADJ
cblr-7157	612	6	property	property	NOUN
cblr-7157	612	7	are	be	AUX
cblr-7157	612	8	typically	typically	ADV
cblr-7157	612	9	filed	file	VERB
cblr-7157	612	10	as	as	ADV
cblr-7157	612	11	well	well	ADV
cblr-7157	612	12	,	,	PUNCT
cblr-7157	612	13	but	but	CCONJ
cblr-7157	612	14	security	security	NOUN
cblr-7157	612	15	interests	interest	NOUN
cblr-7157	612	16	are	be	AUX
cblr-7157	612	17	property	property	NOUN
cblr-7157	612	18	interests	interest	NOUN
cblr-7157	612	19	in	in	ADP
cblr-7157	612	20	an	an	DET
cblr-7157	612	21	important	important	ADJ
cblr-7157	612	22	sense	sense	NOUN
cblr-7157	612	23	.	.	PUNCT
cblr-7157	613	1	see	see	VERB
cblr-7157	613	2	,	,	PUNCT
cblr-7157	613	3	e.g.	e.g.	ADV
cblr-7157	613	4	,	,	PUNCT
cblr-7157	613	5	thomas	thomas	PROPN
cblr-7157	613	6	w.	w.	PROPN
cblr-7157	613	7	merrill	merrill	PROPN
cblr-7157	613	8	&	&	CCONJ
cblr-7157	613	9	henry	henry	PROPN
cblr-7157	613	10	e.	e.	PROPN
cblr-7157	613	11	smith	smith	PROPN
cblr-7157	613	12	,	,	PUNCT
cblr-7157	613	13	the	the	DET
cblr-7157	613	14	property	property	NOUN
cblr-7157	613	15	/	/	SYM
cblr-7157	613	16	contract	contract	NOUN
cblr-7157	613	17	interface	interface	NOUN
cblr-7157	613	18	,	,	PUNCT
cblr-7157	613	19	101	101	NUM
cblr-7157	613	20	colum	colum	NOUN
cblr-7157	613	21	.	.	PUNCT
cblr-7157	614	1	l.	l.	PROPN
cblr-7157	614	2	rev	rev	PROPN
cblr-7157	614	3	.	.	PROPN
cblr-7157	614	4	773	773	NUM
cblr-7157	614	5	,	,	PUNCT
cblr-7157	614	6	834–35	834–35	NUM
cblr-7157	614	7	(	(	PUNCT
cblr-7157	614	8	2001	2001	NUM
cblr-7157	614	9	)	)	PUNCT
cblr-7157	614	10	(	(	PUNCT
cblr-7157	614	11	explaining	explain	VERB
cblr-7157	614	12	how	how	SCONJ
cblr-7157	614	13	security	security	NOUN
cblr-7157	614	14	interests	interest	NOUN
cblr-7157	614	15	have	have	VERB
cblr-7157	614	16	aspects	aspect	NOUN
cblr-7157	614	17	of	of	ADP
cblr-7157	614	18	both	both	DET
cblr-7157	614	19	property	property	NOUN
cblr-7157	614	20	and	and	CCONJ
cblr-7157	614	21	contract	contract	NOUN
cblr-7157	614	22	)	)	PUNCT
cblr-7157	614	23	.	.	PUNCT
cblr-7157	615	1	144	144	NUM
cblr-7157	615	2	see	see	VERB
cblr-7157	615	3	supra	supra	PROPN
cblr-7157	615	4	note	note	NOUN
cblr-7157	615	5	125	125	NUM
cblr-7157	615	6	and	and	CCONJ
cblr-7157	615	7	accompanying	accompany	VERB
cblr-7157	615	8	text	text	NOUN
cblr-7157	615	9	.	.	PUNCT
cblr-7157	616	1	145	145	NUM
cblr-7157	616	2	see	see	VERB
cblr-7157	616	3	henry	henry	PROPN
cblr-7157	616	4	e.	e.	PROPN
cblr-7157	616	5	smith	smith	PROPN
cblr-7157	616	6	,	,	PUNCT
cblr-7157	616	7	the	the	DET
cblr-7157	616	8	persistence	persistence	NOUN
cblr-7157	616	9	of	of	ADP
cblr-7157	616	10	system	system	NOUN
cblr-7157	616	11	in	in	ADP
cblr-7157	616	12	property	property	NOUN
cblr-7157	616	13	law	law	NOUN
cblr-7157	616	14	,	,	PUNCT
cblr-7157	616	15	163	163	NUM
cblr-7157	616	16	u.	u.	NOUN
cblr-7157	616	17	pa	pa	PROPN
cblr-7157	616	18	.	.	PUNCT
cblr-7157	616	19	l.	l.	PROPN
cblr-7157	616	20	rev	rev	PROPN
cblr-7157	616	21	.	.	PROPN
cblr-7157	616	22	2055	2055	NUM
cblr-7157	616	23	,	,	PUNCT
cblr-7157	616	24	2067–68	2067–68	X
cblr-7157	616	25	(	(	PUNCT
cblr-7157	616	26	2015	2015	NUM
cblr-7157	616	27	)	)	PUNCT
cblr-7157	616	28	(	(	PUNCT
cblr-7157	616	29	describing	describe	VERB
cblr-7157	616	30	the	the	DET
cblr-7157	616	31	public	public	ADJ
cblr-7157	616	32	recording	recording	NOUN
cblr-7157	616	33	system	system	NOUN
cblr-7157	616	34	as	as	ADP
cblr-7157	616	35	one	one	NUM
cblr-7157	616	36	of	of	ADP
cblr-7157	616	37	the	the	DET
cblr-7157	616	38	“	"	PUNCT
cblr-7157	616	39	aspects	aspect	NOUN
cblr-7157	616	40	of	of	ADP
cblr-7157	616	41	the	the	DET
cblr-7157	616	42	property	property	NOUN
cblr-7157	616	43	system	system	NOUN
cblr-7157	616	44	most	most	ADV
cblr-7157	616	45	closely	closely	ADV
cblr-7157	616	46	associated	associate	VERB
cblr-7157	616	47	with	with	ADP
cblr-7157	616	48	its	its	PRON
cblr-7157	616	49	architecture	architecture	NOUN
cblr-7157	616	50	”	"	PUNCT
cblr-7157	616	51	and	and	CCONJ
cblr-7157	616	52	the	the	DET
cblr-7157	616	53	in	in	ADP
cblr-7157	616	54	rem	rem	PUNCT
cblr-7157	616	55	nature	nature	NOUN
cblr-7157	616	56	of	of	ADP
cblr-7157	616	57	its	its	PRON
cblr-7157	616	58	public	public	ADJ
cblr-7157	616	59	notice	notice	NOUN
cblr-7157	616	60	function	function	NOUN
cblr-7157	616	61	)	)	PUNCT
cblr-7157	616	62	.	.	PUNCT
cblr-7157	617	1	146	146	NUM
cblr-7157	617	2	a	a	DET
cblr-7157	617	3	right	right	NOUN
cblr-7157	617	4	in	in	ADP
cblr-7157	617	5	rem	rem	X
cblr-7157	617	6	is	be	AUX
cblr-7157	617	7	a	a	DET
cblr-7157	617	8	right	right	NOUN
cblr-7157	617	9	in	in	ADP
cblr-7157	617	10	respect	respect	NOUN
cblr-7157	617	11	of	of	ADP
cblr-7157	617	12	a	a	DET
cblr-7157	617	13	thing	thing	NOUN
cblr-7157	617	14	that	that	PRON
cblr-7157	617	15	binds	bind	VERB
cblr-7157	617	16	the	the	DET
cblr-7157	617	17	whole	whole	ADJ
cblr-7157	617	18	world	world	NOUN
cblr-7157	617	19	,	,	PUNCT
cblr-7157	617	20	as	as	SCONJ
cblr-7157	617	21	opposed	oppose	VERB
cblr-7157	617	22	to	to	ADP
cblr-7157	617	23	a	a	DET
cblr-7157	617	24	right	right	NOUN
cblr-7157	617	25	in	in	ADP
cblr-7157	617	26	personam	personam	NOUN
cblr-7157	617	27	that	that	PRON
cblr-7157	617	28	binds	bind	VERB
cblr-7157	617	29	only	only	ADV
cblr-7157	617	30	specific	specific	ADJ
cblr-7157	617	31	individuals	individual	NOUN
cblr-7157	617	32	.	.	PUNCT
cblr-7157	618	1	see	see	VERB
cblr-7157	618	2	j.e	j.e	PROPN
cblr-7157	618	3	.	.	PROPN
cblr-7157	618	4	penner	penner	PROPN
cblr-7157	618	5	,	,	PUNCT
cblr-7157	618	6	the	the	DET
cblr-7157	618	7	idea	idea	NOUN
cblr-7157	618	8	of	of	ADP
cblr-7157	618	9	property	property	NOUN
cblr-7157	618	10	in	in	ADP
cblr-7157	618	11	law	law	NOUN
cblr-7157	618	12	23	23	NUM
cblr-7157	618	13	,	,	PUNCT
cblr-7157	618	14	80	80	NUM
cblr-7157	618	15	(	(	PUNCT
cblr-7157	618	16	1997	1997	NUM
cblr-7157	618	17	)	)	PUNCT
cblr-7157	618	18	.	.	PUNCT
cblr-7157	619	1	147	147	NUM
cblr-7157	619	2	del	del	PROPN
cblr-7157	619	3	.	.	PROPN
cblr-7157	619	4	code	code	PROPN
cblr-7157	619	5	ann	ann	PROPN
cblr-7157	619	6	.	.	PUNCT
cblr-7157	619	7	tit	tit	PROPN
cblr-7157	619	8	.	.	PROPN
cblr-7157	619	9	8	8	NUM
cblr-7157	619	10	,	,	PUNCT
cblr-7157	619	11	§	§	PROPN
cblr-7157	619	12	109(b	109(b	PROPN
cblr-7157	619	13	)	)	PUNCT
cblr-7157	619	14	(	(	PUNCT
cblr-7157	619	15	2019	2019	NUM
cblr-7157	619	16	)	)	PUNCT
cblr-7157	619	17	(	(	PUNCT
cblr-7157	619	18	“	"	PUNCT
cblr-7157	619	19	the	the	DET
cblr-7157	619	20	bylaws	bylaw	NOUN
cblr-7157	619	21	may	may	AUX
cblr-7157	619	22	contain	contain	VERB
cblr-7157	619	23	any	any	DET
cblr-7157	619	24	provision	provision	NOUN
cblr-7157	619	25	,	,	PUNCT
cblr-7157	619	26	not	not	PART
cblr-7157	619	27	inconsistent	inconsistent	ADJ
cblr-7157	619	28	with	with	ADP
cblr-7157	619	29	law	law	NOUN
cblr-7157	619	30	or	or	CCONJ
cblr-7157	619	31	with	with	ADP
cblr-7157	619	32	the	the	DET
cblr-7157	619	33	certificate	certificate	NOUN
cblr-7157	619	34	of	of	ADP
cblr-7157	619	35	incorporation	incorporation	NOUN
cblr-7157	619	36	,	,	PUNCT
cblr-7157	619	37	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	619	38	(	(	PUNCT
cblr-7157	619	39	do	do	AUX
cblr-7157	619	40	not	not	PART
cblr-7157	619	41	delte	delte	VERB
cblr-7157	619	42	)	)	PUNCT
cblr-7157	619	43	10/2/2020	10/2/2020	NUM
cblr-7157	619	44	11:44	11:44	NUM
cblr-7157	619	45	am	be	AUX
cblr-7157	619	46	42	42	NUM
cblr-7157	619	47	columbia	columbia	PROPN
cblr-7157	619	48	business	business	NOUN
cblr-7157	619	49	law	law	PROPN
cblr-7157	619	50	review	review	NOUN
cblr-7157	619	51	[	[	X
cblr-7157	619	52	vol	vol	NOUN
cblr-7157	619	53	.	.	PUNCT
cblr-7157	619	54	2020	2020	NUM
cblr-7157	620	1	the	the	DET
cblr-7157	620	2	primacy	primacy	NOUN
cblr-7157	620	3	of	of	ADP
cblr-7157	620	4	the	the	DET
cblr-7157	620	5	property	property	NOUN
cblr-7157	620	6	-	-	PUNCT
cblr-7157	620	7	like	like	ADJ
cblr-7157	620	8	aspects	aspect	NOUN
cblr-7157	620	9	of	of	ADP
cblr-7157	620	10	the	the	DET
cblr-7157	620	11	articles	article	NOUN
cblr-7157	620	12	(	(	PUNCT
cblr-7157	620	13	which	which	PRON
cblr-7157	620	14	are	be	AUX
cblr-7157	620	15	publicly	publicly	ADV
cblr-7157	620	16	filed	file	VERB
cblr-7157	620	17	for	for	ADP
cblr-7157	620	18	notice	notice	NOUN
cblr-7157	620	19	to	to	ADP
cblr-7157	620	20	third	third	ADJ
cblr-7157	620	21	parties	party	NOUN
cblr-7157	620	22	)	)	PUNCT
cblr-7157	620	23	over	over	ADP
cblr-7157	620	24	the	the	DET
cblr-7157	620	25	more	more	ADJ
cblr-7157	620	26	-	-	PUNCT
cblr-7157	620	27	contract	contract	NOUN
cblr-7157	620	28	-	-	PUNCT
cblr-7157	620	29	like	like	ADJ
cblr-7157	620	30	bylaws	bylaw	NOUN
cblr-7157	620	31	(	(	PUNCT
cblr-7157	620	32	which	which	PRON
cblr-7157	620	33	are	be	AUX
cblr-7157	620	34	generally	generally	ADV
cblr-7157	620	35	not	not	PART
cblr-7157	620	36	filed	file	VERB
cblr-7157	620	37	)	)	PUNCT
cblr-7157	620	38	.	.	PUNCT
cblr-7157	621	1	all	all	PRON
cblr-7157	621	2	of	of	ADP
cblr-7157	621	3	this	this	PRON
cblr-7157	621	4	is	be	AUX
cblr-7157	621	5	alien	alien	ADJ
cblr-7157	621	6	to	to	PART
cblr-7157	621	7	contract	contract	NOUN
cblr-7157	621	8	law	law	NOUN
cblr-7157	621	9	,	,	PUNCT
cblr-7157	621	10	where	where	SCONJ
cblr-7157	621	11	the	the	DET
cblr-7157	621	12	latter	latter	ADJ
cblr-7157	621	13	agreement	agreement	NOUN
cblr-7157	621	14	(	(	PUNCT
cblr-7157	621	15	the	the	DET
cblr-7157	621	16	modification	modification	NOUN
cblr-7157	621	17	)	)	PUNCT
cblr-7157	621	18	would	would	AUX
cblr-7157	621	19	prevail	prevail	VERB
cblr-7157	621	20	in	in	ADP
cblr-7157	621	21	case	case	NOUN
cblr-7157	621	22	of	of	ADP
cblr-7157	621	23	conflict	conflict	NOUN
cblr-7157	621	24	.	.	PUNCT
cblr-7157	622	1	a	a	DET
cblr-7157	622	2	factor	factor	NOUN
cblr-7157	622	3	related	relate	VERB
cblr-7157	622	4	to	to	ADP
cblr-7157	622	5	the	the	DET
cblr-7157	622	6	public	public	ADJ
cblr-7157	622	7	filing	filing	NOUN
cblr-7157	622	8	requirement	requirement	NOUN
cblr-7157	622	9	is	be	AUX
cblr-7157	622	10	the	the	DET
cblr-7157	622	11	exclusivity	exclusivity	NOUN
cblr-7157	622	12	of	of	ADP
cblr-7157	622	13	the	the	DET
cblr-7157	622	14	law	law	NOUN
cblr-7157	622	15	that	that	PRON
cblr-7157	622	16	applies	apply	VERB
cblr-7157	622	17	to	to	ADP
cblr-7157	622	18	the	the	DET
cblr-7157	622	19	“	"	PUNCT
cblr-7157	622	20	internal	internal	ADJ
cblr-7157	622	21	affairs	affair	NOUN
cblr-7157	622	22	”	"	PUNCT
cblr-7157	622	23	of	of	ADP
cblr-7157	622	24	corporations	corporation	NOUN
cblr-7157	622	25	.	.	PUNCT
cblr-7157	623	1	corporations	corporation	NOUN
cblr-7157	623	2	are	be	AUX
cblr-7157	623	3	,	,	PUNCT
cblr-7157	623	4	for	for	ADP
cblr-7157	623	5	the	the	DET
cblr-7157	623	6	most	most	ADJ
cblr-7157	623	7	part	part	NOUN
cblr-7157	623	8	,	,	PUNCT
cblr-7157	623	9	governed	govern	VERB
cblr-7157	623	10	in	in	ADP
cblr-7157	623	11	their	their	PRON
cblr-7157	623	12	internal	internal	ADJ
cblr-7157	623	13	affairs	affair	NOUN
cblr-7157	623	14	exclusively	exclusively	ADV
cblr-7157	623	15	by	by	ADP
cblr-7157	623	16	the	the	DET
cblr-7157	623	17	law	law	NOUN
cblr-7157	623	18	of	of	ADP
cblr-7157	623	19	one	one	NUM
cblr-7157	623	20	state	state	NOUN
cblr-7157	623	21	,	,	PUNCT
cblr-7157	623	22	the	the	DET
cblr-7157	623	23	state	state	NOUN
cblr-7157	623	24	in	in	ADP
cblr-7157	623	25	which	which	PRON
cblr-7157	623	26	the	the	DET
cblr-7157	623	27	corporation	corporation	NOUN
cblr-7157	623	28	was	be	AUX
cblr-7157	623	29	chartered.148	chartered.148	NOUN
cblr-7157	623	30	this	this	PRON
cblr-7157	623	31	is	be	AUX
cblr-7157	623	32	a	a	DET
cblr-7157	623	33	puzzling	puzzling	ADJ
cblr-7157	623	34	doctrine	doctrine	NOUN
cblr-7157	623	35	from	from	ADP
cblr-7157	623	36	the	the	DET
cblr-7157	623	37	perspective	perspective	NOUN
cblr-7157	623	38	of	of	ADP
cblr-7157	623	39	the	the	DET
cblr-7157	623	40	nexus	nexus	NOUN
cblr-7157	623	41	of	of	ADP
cblr-7157	623	42	contracts	contract	NOUN
cblr-7157	623	43	theory	theory	NOUN
cblr-7157	623	44	,	,	PUNCT
cblr-7157	623	45	because	because	SCONJ
cblr-7157	623	46	the	the	DET
cblr-7157	623	47	contractarian	contractarian	ADJ
cblr-7157	623	48	approach	approach	NOUN
cblr-7157	623	49	does	do	AUX
cblr-7157	623	50	not	not	PART
cblr-7157	623	51	draw	draw	VERB
cblr-7157	623	52	a	a	DET
cblr-7157	623	53	sharp	sharp	ADJ
cblr-7157	623	54	line	line	NOUN
cblr-7157	623	55	between	between	ADP
cblr-7157	623	56	stock	stock	NOUN
cblr-7157	623	57	and	and	CCONJ
cblr-7157	623	58	other	other	ADJ
cblr-7157	623	59	claims	claim	NOUN
cblr-7157	623	60	on	on	ADP
cblr-7157	623	61	the	the	DET
cblr-7157	623	62	corporation.149	corporation.149	NOUN
cblr-7157	623	63	the	the	DET
cblr-7157	623	64	most	most	ADV
cblr-7157	623	65	common	common	ADJ
cblr-7157	623	66	rationale	rationale	NOUN
cblr-7157	623	67	given	give	VERB
cblr-7157	623	68	for	for	ADP
cblr-7157	623	69	this	this	DET
cblr-7157	623	70	rule	rule	NOUN
cblr-7157	623	71	is	be	AUX
cblr-7157	623	72	that	that	SCONJ
cblr-7157	623	73	it	it	PRON
cblr-7157	623	74	is	be	AUX
cblr-7157	623	75	necessary	necessary	ADJ
cblr-7157	623	76	to	to	PART
cblr-7157	623	77	protect	protect	VERB
cblr-7157	623	78	the	the	DET
cblr-7157	623	79	corporation	corporation	NOUN
cblr-7157	623	80	from	from	ADP
cblr-7157	623	81	inconsistent	inconsistent	ADJ
cblr-7157	623	82	and	and	CCONJ
cblr-7157	623	83	potentially	potentially	ADV
cblr-7157	623	84	conflicting	conflicting	ADJ
cblr-7157	623	85	requirements	requirement	NOUN
cblr-7157	623	86	of	of	ADP
cblr-7157	623	87	various	various	ADJ
cblr-7157	623	88	states	state	NOUN
cblr-7157	623	89	’	'	PUNCT
cblr-7157	623	90	laws.150	laws.150	NOUN
cblr-7157	623	91	however	however	ADV
cblr-7157	623	92	,	,	PUNCT
cblr-7157	623	93	there	there	PRON
cblr-7157	623	94	are	be	VERB
cblr-7157	623	95	reasons	reason	NOUN
cblr-7157	623	96	to	to	PART
cblr-7157	623	97	believe	believe	VERB
cblr-7157	623	98	that	that	SCONJ
cblr-7157	623	99	the	the	DET
cblr-7157	623	100	possibility	possibility	NOUN
cblr-7157	623	101	of	of	ADP
cblr-7157	623	102	inconsistent	inconsistent	ADJ
cblr-7157	623	103	judgments	judgment	NOUN
cblr-7157	623	104	is	be	AUX
cblr-7157	623	105	neither	neither	CCONJ
cblr-7157	623	106	the	the	DET
cblr-7157	623	107	best	good	ADJ
cblr-7157	623	108	nor	nor	CCONJ
cblr-7157	623	109	the	the	DET
cblr-7157	623	110	only	only	ADJ
cblr-7157	623	111	explanation	explanation	NOUN
cblr-7157	623	112	for	for	ADP
cblr-7157	623	113	the	the	DET
cblr-7157	623	114	internal	internal	ADJ
cblr-7157	623	115	affairs	affair	NOUN
cblr-7157	623	116	rule.151	rule.151	VERB
cblr-7157	623	117	there	there	ADV
cblr-7157	623	118	is	be	AUX
cblr-7157	623	119	also	also	ADV
cblr-7157	623	120	a	a	DET
cblr-7157	623	121	risk	risk	NOUN
cblr-7157	623	122	of	of	ADP
cblr-7157	623	123	opportunism	opportunism	NOUN
cblr-7157	623	124	when	when	SCONJ
cblr-7157	623	125	the	the	DET
cblr-7157	623	126	residence	residence	NOUN
cblr-7157	623	127	of	of	ADP
cblr-7157	623	128	a	a	DET
cblr-7157	623	129	shareholder	shareholder	NOUN
cblr-7157	623	130	could	could	AUX
cblr-7157	623	131	affect	affect	VERB
cblr-7157	623	132	the	the	DET
cblr-7157	623	133	rights	right	NOUN
cblr-7157	623	134	of	of	ADP
cblr-7157	623	135	that	that	DET
cblr-7157	623	136	shareholder	shareholder	NOUN
cblr-7157	623	137	’s	’s	PART
cblr-7157	623	138	claim	claim	NOUN
cblr-7157	623	139	on	on	ADP
cblr-7157	623	140	the	the	DET
cblr-7157	623	141	corporation	corporation	NOUN
cblr-7157	623	142	,	,	PUNCT
cblr-7157	623	143	particularly	particularly	ADV
cblr-7157	623	144	given	give	VERB
cblr-7157	623	145	the	the	DET
cblr-7157	623	146	easy	easy	ADJ
cblr-7157	623	147	mobility	mobility	NOUN
cblr-7157	623	148	of	of	ADP
cblr-7157	623	149	shares.152	shares.152	PROPN
cblr-7157	623	150	the	the	DET
cblr-7157	623	151	problems	problem	NOUN
cblr-7157	623	152	that	that	PRON
cblr-7157	623	153	arise	arise	VERB
cblr-7157	623	154	when	when	SCONJ
cblr-7157	623	155	the	the	DET
cblr-7157	623	156	personal	personal	ADJ
cblr-7157	623	157	attributes	attribute	NOUN
cblr-7157	623	158	of	of	ADP
cblr-7157	623	159	shareholders	shareholder	NOUN
cblr-7157	623	160	are	be	AUX
cblr-7157	623	161	entangled	entangle	VERB
cblr-7157	623	162	with	with	ADP
cblr-7157	623	163	the	the	DET
cblr-7157	623	164	governance	governance	NOUN
cblr-7157	623	165	of	of	ADP
cblr-7157	623	166	the	the	DET
cblr-7157	623	167	relating	relate	VERB
cblr-7157	623	168	to	to	ADP
cblr-7157	623	169	the	the	DET
cblr-7157	623	170	business	business	NOUN
cblr-7157	623	171	of	of	ADP
cblr-7157	623	172	the	the	DET
cblr-7157	623	173	corporation	corporation	NOUN
cblr-7157	623	174	,	,	PUNCT
cblr-7157	623	175	the	the	DET
cblr-7157	623	176	conduct	conduct	NOUN
cblr-7157	623	177	of	of	ADP
cblr-7157	623	178	its	its	PRON
cblr-7157	623	179	affairs	affair	NOUN
cblr-7157	623	180	,	,	PUNCT
cblr-7157	623	181	and	and	CCONJ
cblr-7157	623	182	its	its	PRON
cblr-7157	623	183	rights	right	NOUN
cblr-7157	623	184	or	or	CCONJ
cblr-7157	623	185	powers	power	NOUN
cblr-7157	623	186	or	or	CCONJ
cblr-7157	623	187	the	the	DET
cblr-7157	623	188	rights	right	NOUN
cblr-7157	623	189	or	or	CCONJ
cblr-7157	623	190	powers	power	NOUN
cblr-7157	623	191	of	of	ADP
cblr-7157	623	192	its	its	PRON
cblr-7157	623	193	stockholders	stockholder	NOUN
cblr-7157	623	194	,	,	PUNCT
cblr-7157	623	195	directors	director	NOUN
cblr-7157	623	196	,	,	PUNCT
cblr-7157	623	197	officers	officer	NOUN
cblr-7157	623	198	or	or	CCONJ
cblr-7157	623	199	employees	employee	NOUN
cblr-7157	623	200	.	.	PUNCT
cblr-7157	623	201	”	"	PUNCT
cblr-7157	623	202	)	)	PUNCT
cblr-7157	623	203	.	.	PUNCT
cblr-7157	624	1	148	148	NUM
cblr-7157	624	2	see	see	VERB
cblr-7157	624	3	vantagepoint	vantagepoint	NOUN
cblr-7157	624	4	venture	venture	NOUN
cblr-7157	624	5	partners	partner	NOUN
cblr-7157	624	6	1996	1996	NUM
cblr-7157	624	7	v.	v.	CCONJ
cblr-7157	624	8	examen	examen	PROPN
cblr-7157	624	9	,	,	PUNCT
cblr-7157	624	10	inc	inc	PROPN
cblr-7157	624	11	.	.	PROPN
cblr-7157	624	12	,	,	PUNCT
cblr-7157	624	13	871	871	NUM
cblr-7157	624	14	a.2d	a.2d	SYM
cblr-7157	624	15	1108	1108	NUM
cblr-7157	624	16	,	,	PUNCT
cblr-7157	624	17	1115	1115	NUM
cblr-7157	624	18	(	(	PUNCT
cblr-7157	624	19	del	del	PROPN
cblr-7157	624	20	.	.	PROPN
cblr-7157	624	21	2005	2005	NUM
cblr-7157	624	22	)	)	PUNCT
cblr-7157	624	23	.	.	PUNCT
cblr-7157	625	1	149	149	NUM
cblr-7157	625	2	see	see	VERB
cblr-7157	625	3	vincent	vincent	PROPN
cblr-7157	625	4	s.j	s.j	PROPN
cblr-7157	625	5	.	.	PROPN
cblr-7157	625	6	buccola	buccola	PROPN
cblr-7157	625	7	,	,	PUNCT
cblr-7157	625	8	opportunism	opportunism	NOUN
cblr-7157	625	9	and	and	CCONJ
cblr-7157	625	10	internal	internal	ADJ
cblr-7157	625	11	affairs	affair	NOUN
cblr-7157	625	12	,	,	PUNCT
cblr-7157	625	13	93	93	NUM
cblr-7157	625	14	tul	tul	NOUN
cblr-7157	625	15	.	.	PUNCT
cblr-7157	625	16	l.	l.	PROPN
cblr-7157	625	17	rev	rev	PROPN
cblr-7157	625	18	.	.	PROPN
cblr-7157	625	19	339	339	NUM
cblr-7157	625	20	,	,	PUNCT
cblr-7157	625	21	341	341	NUM
cblr-7157	625	22	(	(	PUNCT
cblr-7157	625	23	2018	2018	NUM
cblr-7157	625	24	)	)	PUNCT
cblr-7157	625	25	.	.	PUNCT
cblr-7157	626	1	150	150	NUM
cblr-7157	626	2	see	see	VERB
cblr-7157	626	3	,	,	PUNCT
cblr-7157	626	4	e.g.	e.g.	ADV
cblr-7157	626	5	,	,	PUNCT
cblr-7157	626	6	edgar	edgar	PROPN
cblr-7157	626	7	v.	v.	PROPN
cblr-7157	626	8	mite	mite	PROPN
cblr-7157	626	9	corp	corp	PROPN
cblr-7157	626	10	.	.	PROPN
cblr-7157	626	11	,	,	PUNCT
cblr-7157	626	12	457	457	NUM
cblr-7157	626	13	u.s	u.s	PROPN
cblr-7157	626	14	.	.	PROPN
cblr-7157	626	15	624	624	NUM
cblr-7157	626	16	,	,	PUNCT
cblr-7157	626	17	645–46	645–46	NUM
cblr-7157	626	18	(	(	PUNCT
cblr-7157	626	19	1982	1982	NUM
cblr-7157	626	20	)	)	PUNCT
cblr-7157	626	21	(	(	PUNCT
cblr-7157	626	22	describing	describe	VERB
cblr-7157	626	23	the	the	DET
cblr-7157	626	24	internal	internal	ADJ
cblr-7157	626	25	affairs	affair	NOUN
cblr-7157	626	26	doctrine	doctrine	NOUN
cblr-7157	626	27	as	as	ADP
cblr-7157	626	28	necessary	necessary	ADJ
cblr-7157	626	29	to	to	PART
cblr-7157	626	30	prevent	prevent	VERB
cblr-7157	626	31	a	a	DET
cblr-7157	626	32	situation	situation	NOUN
cblr-7157	626	33	where	where	SCONJ
cblr-7157	626	34	“	"	PUNCT
cblr-7157	626	35	a	a	DET
cblr-7157	626	36	corporation	corporation	NOUN
cblr-7157	626	37	could	could	AUX
cblr-7157	626	38	be	be	AUX
cblr-7157	626	39	faced	face	VERB
cblr-7157	626	40	with	with	ADP
cblr-7157	626	41	conflicting	conflicting	ADJ
cblr-7157	626	42	demands	demand	NOUN
cblr-7157	626	43	”	"	PUNCT
cblr-7157	626	44	)	)	PUNCT
cblr-7157	626	45	;	;	PUNCT
cblr-7157	626	46	vantagepoint	vantagepoint	VERB
cblr-7157	626	47	venture	venture	NOUN
cblr-7157	626	48	partners	partner	NOUN
cblr-7157	626	49	1996	1996	NUM
cblr-7157	626	50	v.	v.	CCONJ
cblr-7157	626	51	examen	examen	PROPN
cblr-7157	626	52	,	,	PUNCT
cblr-7157	626	53	inc	inc	PROPN
cblr-7157	626	54	.	.	PROPN
cblr-7157	626	55	,	,	PUNCT
cblr-7157	626	56	871	871	NUM
cblr-7157	626	57	a.2d	a.2d	SYM
cblr-7157	626	58	1108	1108	NUM
cblr-7157	626	59	,	,	PUNCT
cblr-7157	626	60	1112–13	1112–13	NUM
cblr-7157	626	61	(	(	PUNCT
cblr-7157	626	62	del	del	PROPN
cblr-7157	626	63	.	.	PROPN
cblr-7157	626	64	2005	2005	NUM
cblr-7157	626	65	)	)	PUNCT
cblr-7157	626	66	(	(	PUNCT
cblr-7157	626	67	reasoning	reason	VERB
cblr-7157	626	68	that	that	SCONJ
cblr-7157	626	69	the	the	DET
cblr-7157	626	70	internal	internal	ADJ
cblr-7157	626	71	affairs	affairs	PROPN
cblr-7157	626	72	doctrine	doctrine	NOUN
cblr-7157	626	73	emerged	emerge	VERB
cblr-7157	626	74	“	"	PUNCT
cblr-7157	626	75	in	in	ADP
cblr-7157	626	76	order	order	NOUN
cblr-7157	626	77	to	to	PART
cblr-7157	626	78	prevent	prevent	VERB
cblr-7157	626	79	corporations	corporation	NOUN
cblr-7157	626	80	from	from	ADP
cblr-7157	626	81	being	be	AUX
cblr-7157	626	82	subjected	subject	VERB
cblr-7157	626	83	to	to	ADP
cblr-7157	626	84	inconsistent	inconsistent	ADJ
cblr-7157	626	85	legal	legal	ADJ
cblr-7157	626	86	standards	standard	NOUN
cblr-7157	626	87	”	"	PUNCT
cblr-7157	626	88	)	)	PUNCT
cblr-7157	626	89	.	.	PUNCT
cblr-7157	627	1	151	151	NUM
cblr-7157	627	2	see	see	VERB
cblr-7157	627	3	generally	generally	ADV
cblr-7157	627	4	buccola	buccola	NOUN
cblr-7157	627	5	,	,	PUNCT
cblr-7157	627	6	supra	supra	PROPN
cblr-7157	627	7	note	note	NOUN
cblr-7157	627	8	149	149	NUM
cblr-7157	627	9	,	,	PUNCT
cblr-7157	627	10	at	at	ADP
cblr-7157	627	11	348–59	348–59	PROPN
cblr-7157	627	12	(	(	PUNCT
cblr-7157	627	13	arguing	argue	VERB
cblr-7157	627	14	that	that	SCONJ
cblr-7157	627	15	the	the	DET
cblr-7157	627	16	most	most	ADV
cblr-7157	627	17	common	common	ADJ
cblr-7157	627	18	rationales	rationale	NOUN
cblr-7157	627	19	for	for	ADP
cblr-7157	627	20	the	the	DET
cblr-7157	627	21	internal	internal	ADJ
cblr-7157	627	22	affairs	affair	NOUN
cblr-7157	627	23	doctrine	doctrine	NOUN
cblr-7157	627	24	,	,	PUNCT
cblr-7157	627	25	including	include	VERB
cblr-7157	627	26	the	the	DET
cblr-7157	627	27	risk	risk	NOUN
cblr-7157	627	28	of	of	ADP
cblr-7157	627	29	inconsistency	inconsistency	NOUN
cblr-7157	627	30	,	,	PUNCT
cblr-7157	627	31	are	be	AUX
cblr-7157	627	32	weaker	weak	ADJ
cblr-7157	627	33	than	than	SCONJ
cblr-7157	627	34	is	be	AUX
cblr-7157	627	35	commonly	commonly	ADV
cblr-7157	627	36	assumed	assume	VERB
cblr-7157	627	37	)	)	PUNCT
cblr-7157	627	38	.	.	PUNCT
cblr-7157	628	1	152	152	NUM
cblr-7157	628	2	see	see	VERB
cblr-7157	628	3	i	i	PRON
cblr-7157	628	4	d.	d.	PROPN
cblr-7157	628	5	at	at	ADP
cblr-7157	628	6	343	343	NUM
cblr-7157	628	7	.	.	PUNCT
cblr-7157	629	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	629	2	(	(	PUNCT
cblr-7157	629	3	do	do	AUX
cblr-7157	629	4	not	not	PART
cblr-7157	629	5	delete	delete	VERB
cblr-7157	629	6	)	)	PUNCT
cblr-7157	629	7	10/2/2020	10/2/2020	NUM
cblr-7157	629	8	11:44	11:44	NUM
cblr-7157	629	9	am	be	AUX
cblr-7157	629	10	no	no	NOUN
cblr-7157	629	11	.	.	PUNCT
cblr-7157	629	12	1:1	1:1	NUM
cblr-7157	629	13	]	]	X
cblr-7157	629	14	a	a	DET
cblr-7157	629	15	property	property	NOUN
cblr-7157	629	16	theory	theory	NOUN
cblr-7157	629	17	43	43	NUM
cblr-7157	629	18	corporation	corporation	NOUN
cblr-7157	629	19	are	be	AUX
cblr-7157	629	20	further	further	ADJ
cblr-7157	629	21	justifications	justification	NOUN
cblr-7157	629	22	for	for	ADP
cblr-7157	629	23	the	the	DET
cblr-7157	629	24	“	"	PUNCT
cblr-7157	629	25	in	in	ADP
cblr-7157	629	26	rem	rem	NOUN
cblr-7157	629	27	-	-	ADJ
cblr-7157	629	28	ifying	ifying	ADJ
cblr-7157	629	29	”	"	PUNCT
cblr-7157	629	30	function	function	NOUN
cblr-7157	629	31	of	of	ADP
cblr-7157	629	32	the	the	DET
cblr-7157	629	33	corporation	corporation	NOUN
cblr-7157	629	34	.	.	PUNCT
cblr-7157	630	1	the	the	DET
cblr-7157	630	2	exclusivity	exclusivity	NOUN
cblr-7157	630	3	of	of	ADP
cblr-7157	630	4	one	one	NUM
cblr-7157	630	5	state	state	NOUN
cblr-7157	630	6	’s	’s	PART
cblr-7157	630	7	law	law	NOUN
cblr-7157	630	8	over	over	ADP
cblr-7157	630	9	a	a	DET
cblr-7157	630	10	corporation	corporation	NOUN
cblr-7157	630	11	’s	’s	PART
cblr-7157	630	12	internal	internal	ADJ
cblr-7157	630	13	affairs	affairs	PROPN
cblr-7157	630	14	is	be	AUX
cblr-7157	630	15	also	also	ADV
cblr-7157	630	16	characteristic	characteristic	ADJ
cblr-7157	630	17	of	of	ADP
cblr-7157	630	18	property	property	NOUN
cblr-7157	630	19	,	,	PUNCT
cblr-7157	630	20	rather	rather	ADV
cblr-7157	630	21	than	than	ADP
cblr-7157	630	22	contract	contract	NOUN
cblr-7157	630	23	.	.	PUNCT
cblr-7157	631	1	most	most	ADJ
cblr-7157	631	2	property	property	NOUN
cblr-7157	631	3	is	be	AUX
cblr-7157	631	4	governed	govern	VERB
cblr-7157	631	5	by	by	ADP
cblr-7157	631	6	a	a	DET
cblr-7157	631	7	“	"	PUNCT
cblr-7157	631	8	situs	situs	NOUN
cblr-7157	631	9	”	"	PUNCT
cblr-7157	631	10	conflict	conflict	NOUN
cblr-7157	631	11	of	of	ADP
cblr-7157	631	12	law	law	NOUN
cblr-7157	631	13	rule	rule	NOUN
cblr-7157	631	14	that	that	PRON
cblr-7157	631	15	provides	provide	VERB
cblr-7157	631	16	the	the	DET
cblr-7157	631	17	location	location	NOUN
cblr-7157	631	18	of	of	ADP
cblr-7157	631	19	the	the	DET
cblr-7157	631	20	property	property	NOUN
cblr-7157	631	21	is	be	AUX
cblr-7157	631	22	the	the	DET
cblr-7157	631	23	exclusive	exclusive	ADJ
cblr-7157	631	24	law	law	NOUN
cblr-7157	631	25	applicable	applicable	ADJ
cblr-7157	631	26	to	to	PART
cblr-7157	631	27	it.153	it.153	VERB
cblr-7157	631	28	because	because	SCONJ
cblr-7157	631	29	the	the	DET
cblr-7157	631	30	corporation	corporation	NOUN
cblr-7157	631	31	itself	itself	PRON
cblr-7157	631	32	as	as	ADP
cblr-7157	631	33	a	a	DET
cblr-7157	631	34	legal	legal	ADJ
cblr-7157	631	35	entity	entity	NOUN
cblr-7157	631	36	(	(	PUNCT
cblr-7157	631	37	as	as	SCONJ
cblr-7157	631	38	opposed	oppose	VERB
cblr-7157	631	39	to	to	ADP
cblr-7157	631	40	the	the	DET
cblr-7157	631	41	business	business	NOUN
cblr-7157	631	42	)	)	PUNCT
cblr-7157	631	43	has	have	VERB
cblr-7157	631	44	no	no	DET
cblr-7157	631	45	physical	physical	ADJ
cblr-7157	631	46	presence	presence	NOUN
cblr-7157	631	47	anywhere	anywhere	ADV
cblr-7157	631	48	,	,	PUNCT
cblr-7157	631	49	its	its	PRON
cblr-7157	631	50	situs	situs	PROPN
cblr-7157	631	51	is	be	AUX
cblr-7157	631	52	its	its	PRON
cblr-7157	631	53	state	state	NOUN
cblr-7157	631	54	of	of	ADP
cblr-7157	631	55	incorporation	incorporation	NOUN
cblr-7157	631	56	.	.	PUNCT
cblr-7157	632	1	this	this	DET
cblr-7157	632	2	conflict	conflict	NOUN
cblr-7157	632	3	of	of	ADP
cblr-7157	632	4	law	law	NOUN
cblr-7157	632	5	rule	rule	NOUN
cblr-7157	632	6	is	be	AUX
cblr-7157	632	7	very	very	ADV
cblr-7157	632	8	similar	similar	ADJ
cblr-7157	632	9	to	to	ADP
cblr-7157	632	10	the	the	DET
cblr-7157	632	11	situs	situs	PROPN
cblr-7157	632	12	rule	rule	NOUN
cblr-7157	632	13	applied	apply	VERB
cblr-7157	632	14	in	in	ADP
cblr-7157	632	15	the	the	DET
cblr-7157	632	16	property	property	NOUN
cblr-7157	632	17	context	context	NOUN
cblr-7157	632	18	,	,	PUNCT
cblr-7157	632	19	a	a	DET
cblr-7157	632	20	rule	rule	NOUN
cblr-7157	632	21	that	that	PRON
cblr-7157	632	22	has	have	AUX
cblr-7157	632	23	remained	remain	VERB
cblr-7157	632	24	resilient	resilient	ADJ
cblr-7157	632	25	in	in	ADP
cblr-7157	632	26	the	the	DET
cblr-7157	632	27	face	face	NOUN
cblr-7157	632	28	of	of	ADP
cblr-7157	632	29	the	the	DET
cblr-7157	632	30	“	"	PUNCT
cblr-7157	632	31	conflicts	conflict	NOUN
cblr-7157	632	32	revolution	revolution	NOUN
cblr-7157	632	33	.	.	PUNCT
cblr-7157	632	34	”154	”154	VERB
cblr-7157	633	1	this	this	PRON
cblr-7157	633	2	prevents	prevent	VERB
cblr-7157	633	3	the	the	DET
cblr-7157	633	4	untenable	untenable	ADJ
cblr-7157	633	5	situation	situation	NOUN
cblr-7157	633	6	that	that	PRON
cblr-7157	633	7	would	would	AUX
cblr-7157	633	8	occur	occur	VERB
cblr-7157	633	9	if	if	SCONJ
cblr-7157	633	10	the	the	DET
cblr-7157	633	11	legal	legal	ADJ
cblr-7157	633	12	attributes	attribute	NOUN
cblr-7157	633	13	of	of	ADP
cblr-7157	633	14	the	the	DET
cblr-7157	633	15	corporation	corporation	NOUN
cblr-7157	633	16	shifted	shift	VERB
cblr-7157	633	17	every	every	DET
cblr-7157	633	18	time	time	NOUN
cblr-7157	633	19	shares	share	NOUN
cblr-7157	633	20	(	(	PUNCT
cblr-7157	633	21	or	or	CCONJ
cblr-7157	633	22	shareholders	shareholder	NOUN
cblr-7157	633	23	)	)	PUNCT
cblr-7157	633	24	moved	move	VERB
cblr-7157	633	25	across	across	ADP
cblr-7157	633	26	state	state	NOUN
cblr-7157	633	27	lines.155	lines.155	PROPN
cblr-7157	633	28	an	an	DET
cblr-7157	633	29	important	important	ADJ
cblr-7157	633	30	point	point	NOUN
cblr-7157	633	31	is	be	AUX
cblr-7157	633	32	that	that	SCONJ
cblr-7157	633	33	the	the	DET
cblr-7157	633	34	internal	internal	ADJ
cblr-7157	633	35	affairs	affair	NOUN
cblr-7157	633	36	doctrine	doctrine	NOUN
cblr-7157	633	37	relates	relate	VERB
cblr-7157	633	38	to	to	ADP
cblr-7157	633	39	particular	particular	ADJ
cblr-7157	633	40	rights	right	NOUN
cblr-7157	633	41	in	in	ADP
cblr-7157	633	42	the	the	DET
cblr-7157	633	43	corporation	corporation	NOUN
cblr-7157	633	44	,	,	PUNCT
cblr-7157	633	45	not	not	PART
cblr-7157	633	46	to	to	ADP
cblr-7157	633	47	particular	particular	ADJ
cblr-7157	633	48	classes	class	NOUN
cblr-7157	633	49	of	of	ADP
cblr-7157	633	50	actors	actor	NOUN
cblr-7157	633	51	.	.	PUNCT
cblr-7157	634	1	shareholders	shareholder	NOUN
cblr-7157	634	2	can	can	AUX
cblr-7157	634	3	make	make	VERB
cblr-7157	634	4	contracts	contract	NOUN
cblr-7157	634	5	under	under	ADP
cblr-7157	634	6	the	the	DET
cblr-7157	634	7	law	law	NOUN
cblr-7157	634	8	of	of	ADP
cblr-7157	634	9	states	state	NOUN
cblr-7157	634	10	other	other	ADJ
cblr-7157	634	11	than	than	ADP
cblr-7157	634	12	the	the	DET
cblr-7157	634	13	state	state	NOUN
cblr-7157	634	14	of	of	ADP
cblr-7157	634	15	incorporation	incorporation	NOUN
cblr-7157	634	16	,	,	PUNCT
cblr-7157	634	17	and	and	CCONJ
cblr-7157	634	18	even	even	ADV
cblr-7157	634	19	outside	outside	ADV
cblr-7157	634	20	of	of	ADP
cblr-7157	634	21	contract	contract	NOUN
cblr-7157	634	22	,	,	PUNCT
cblr-7157	634	23	the	the	DET
cblr-7157	634	24	internal	internal	ADJ
cblr-7157	634	25	affairs	affair	NOUN
cblr-7157	634	26	doctrine	doctrine	NOUN
cblr-7157	634	27	is	be	AUX
cblr-7157	634	28	not	not	PART
cblr-7157	634	29	applied	apply	VERB
cblr-7157	634	30	to	to	ADP
cblr-7157	634	31	all	all	DET
cblr-7157	634	32	relations	relation	NOUN
cblr-7157	634	33	shareholders	shareholder	NOUN
cblr-7157	634	34	have	have	VERB
cblr-7157	634	35	with	with	ADP
cblr-7157	634	36	the	the	DET
cblr-7157	634	37	corporation	corporation	NOUN
cblr-7157	634	38	.	.	PUNCT
cblr-7157	635	1	securities	security	NOUN
cblr-7157	635	2	law	law	NOUN
cblr-7157	635	3	,	,	PUNCT
cblr-7157	635	4	for	for	ADP
cblr-7157	635	5	example	example	NOUN
cblr-7157	635	6	,	,	PUNCT
cblr-7157	635	7	is	be	AUX
cblr-7157	635	8	widely	widely	ADV
cblr-7157	635	9	considered	consider	VERB
cblr-7157	635	10	to	to	PART
cblr-7157	635	11	fall	fall	VERB
cblr-7157	635	12	outside	outside	ADP
cblr-7157	635	13	of	of	ADP
cblr-7157	635	14	the	the	DET
cblr-7157	635	15	internal	internal	ADJ
cblr-7157	635	16	affairs	affair	NOUN
cblr-7157	635	17	doctrine.156	doctrine.156	PROPN
cblr-7157	635	18	thus	thus	ADV
cblr-7157	635	19	,	,	PUNCT
cblr-7157	635	20	shares	share	NOUN
cblr-7157	635	21	,	,	PUNCT
cblr-7157	635	22	unlike	unlike	ADP
cblr-7157	635	23	other	other	ADJ
cblr-7157	635	24	claims	claim	NOUN
cblr-7157	635	25	on	on	ADP
cblr-7157	635	26	the	the	DET
cblr-7157	635	27	corporation	corporation	NOUN
cblr-7157	635	28	,	,	PUNCT
cblr-7157	635	29	have	have	VERB
cblr-7157	635	30	a	a	DET
cblr-7157	635	31	property	property	NOUN
cblr-7157	635	32	-	-	PUNCT
cblr-7157	635	33	like	like	ADJ
cblr-7157	635	34	conflict	conflict	NOUN
cblr-7157	635	35	of	of	ADP
cblr-7157	635	36	laws	law	NOUN
cblr-7157	635	37	rule	rule	NOUN
cblr-7157	635	38	applied	apply	VERB
cblr-7157	635	39	to	to	ADP
cblr-7157	635	40	them	they	PRON
cblr-7157	635	41	,	,	PUNCT
cblr-7157	635	42	with	with	ADP
cblr-7157	635	43	one	one	NUM
cblr-7157	635	44	state	state	NOUN
cblr-7157	635	45	mandatorily	mandatorily	NOUN
cblr-7157	635	46	governing	govern	VERB
cblr-7157	635	47	those	those	DET
cblr-7157	635	48	“	"	PUNCT
cblr-7157	635	49	internal	internal	ADJ
cblr-7157	635	50	”	"	PUNCT
cblr-7157	635	51	to	to	ADP
cblr-7157	635	52	the	the	DET
cblr-7157	635	53	corporation	corporation	NOUN
cblr-7157	635	54	.	.	PUNCT
cblr-7157	636	1	moreover	moreover	ADV
cblr-7157	636	2	,	,	PUNCT
cblr-7157	636	3	the	the	DET
cblr-7157	636	4	way	way	NOUN
cblr-7157	636	5	in	in	ADP
cblr-7157	636	6	which	which	PRON
cblr-7157	636	7	one	one	PRON
cblr-7157	636	8	acquires	acquire	VERB
cblr-7157	636	9	shareholder	shareholder	NOUN
cblr-7157	636	10	rights	right	NOUN
cblr-7157	636	11	in	in	ADP
cblr-7157	636	12	a	a	DET
cblr-7157	636	13	corporation	corporation	NOUN
cblr-7157	636	14	is	be	AUX
cblr-7157	636	15	subject	subject	ADJ
cblr-7157	636	16	to	to	ADP
cblr-7157	636	17	a	a	DET
cblr-7157	636	18	property	property	NOUN
cblr-7157	636	19	-	-	PUNCT
cblr-7157	636	20	like	like	ADJ
cblr-7157	636	21	rule	rule	NOUN
cblr-7157	636	22	,	,	PUNCT
cblr-7157	636	23	rather	rather	ADV
cblr-7157	636	24	than	than	ADP
cblr-7157	636	25	a	a	DET
cblr-7157	636	26	contract	contract	NOUN
cblr-7157	636	27	-	-	PUNCT
cblr-7157	636	28	like	like	ADJ
cblr-7157	636	29	one	one	NUM
cblr-7157	636	30	.	.	PUNCT
cblr-7157	637	1	one	one	NOUN
cblr-7157	637	2	acquires	acquire	VERB
cblr-7157	637	3	the	the	DET
cblr-7157	637	4	rights	right	NOUN
cblr-7157	637	5	of	of	ADP
cblr-7157	637	6	a	a	DET
cblr-7157	637	7	shareholder	shareholder	NOUN
cblr-7157	637	8	merely	merely	ADV
cblr-7157	637	9	by	by	ADP
cblr-7157	637	10	purchasing	purchase	VERB
cblr-7157	637	11	shares	share	NOUN
cblr-7157	637	12	,	,	PUNCT
cblr-7157	637	13	rather	rather	ADV
cblr-7157	637	14	than	than	ADP
cblr-7157	637	15	by	by	ADP
cblr-7157	637	16	agreeing	agree	VERB
cblr-7157	637	17	to	to	ADP
cblr-7157	637	18	contractual	contractual	ADJ
cblr-7157	637	19	terms	term	NOUN
cblr-7157	637	20	.	.	PUNCT
cblr-7157	638	1	this	this	PRON
cblr-7157	638	2	is	be	AUX
cblr-7157	638	3	how	how	SCONJ
cblr-7157	638	4	rights	right	NOUN
cblr-7157	638	5	are	be	AUX
cblr-7157	638	6	acquired	acquire	VERB
cblr-7157	638	7	in	in	ADP
cblr-7157	638	8	153	153	NUM
cblr-7157	638	9	see	see	NOUN
cblr-7157	638	10	james	james	PROPN
cblr-7157	638	11	y.	y.	PROPN
cblr-7157	638	12	stern	stern	PROPN
cblr-7157	638	13	,	,	PUNCT
cblr-7157	638	14	property	property	NOUN
cblr-7157	638	15	,	,	PUNCT
cblr-7157	638	16	exclusivity	exclusivity	NOUN
cblr-7157	638	17	,	,	PUNCT
cblr-7157	638	18	and	and	CCONJ
cblr-7157	638	19	jurisdiction	jurisdiction	NOUN
cblr-7157	638	20	,	,	PUNCT
cblr-7157	638	21	100	100	NUM
cblr-7157	638	22	va	va	NOUN
cblr-7157	638	23	.	.	PUNCT
cblr-7157	639	1	l.	l.	PROPN
cblr-7157	639	2	rev	rev	PROPN
cblr-7157	639	3	.	.	PROPN
cblr-7157	639	4	111	111	NUM
cblr-7157	639	5	,	,	PUNCT
cblr-7157	639	6	113	113	NUM
cblr-7157	639	7	(	(	PUNCT
cblr-7157	639	8	2014	2014	NUM
cblr-7157	639	9	)	)	PUNCT
cblr-7157	639	10	.	.	PUNCT
cblr-7157	640	1	154	154	NUM
cblr-7157	640	2	see	see	VERB
cblr-7157	640	3	i	i	PRON
cblr-7157	640	4	d.	d.	PROPN
cblr-7157	640	5	at	at	ADP
cblr-7157	640	6	112–16	112–16	PROPN
cblr-7157	640	7	.	.	PUNCT
cblr-7157	641	1	155	155	NUM
cblr-7157	641	2	this	this	DET
cblr-7157	641	3	problem	problem	NOUN
cblr-7157	641	4	supports	support	VERB
cblr-7157	641	5	the	the	DET
cblr-7157	641	6	need	need	NOUN
cblr-7157	641	7	for	for	ADP
cblr-7157	641	8	in	in	ADP
cblr-7157	641	9	rem	rem	NOUN
cblr-7157	641	10	-	-	NOUN
cblr-7157	641	11	ification	ification	NOUN
cblr-7157	641	12	whether	whether	SCONJ
cblr-7157	641	13	the	the	DET
cblr-7157	641	14	problem	problem	NOUN
cblr-7157	641	15	is	be	AUX
cblr-7157	641	16	conceived	conceive	VERB
cblr-7157	641	17	in	in	ADP
cblr-7157	641	18	terms	term	NOUN
cblr-7157	641	19	of	of	ADP
cblr-7157	641	20	inconsistent	inconsistent	ADJ
cblr-7157	641	21	judgments	judgment	NOUN
cblr-7157	641	22	from	from	ADP
cblr-7157	641	23	having	have	VERB
cblr-7157	641	24	the	the	DET
cblr-7157	641	25	law	law	NOUN
cblr-7157	641	26	of	of	ADP
cblr-7157	641	27	multiple	multiple	ADJ
cblr-7157	641	28	jurisdictions	jurisdiction	NOUN
cblr-7157	641	29	apply	apply	VERB
cblr-7157	641	30	,	,	PUNCT
cblr-7157	641	31	as	as	SCONJ
cblr-7157	641	32	the	the	DET
cblr-7157	641	33	traditional	traditional	ADJ
cblr-7157	641	34	account	account	NOUN
cblr-7157	641	35	of	of	ADP
cblr-7157	641	36	the	the	DET
cblr-7157	641	37	internal	internal	ADJ
cblr-7157	641	38	affairs	affair	NOUN
cblr-7157	641	39	doctrines	doctrine	NOUN
cblr-7157	641	40	suggests	suggest	VERB
cblr-7157	641	41	,	,	PUNCT
cblr-7157	641	42	or	or	CCONJ
cblr-7157	641	43	the	the	DET
cblr-7157	641	44	opportunism	opportunism	NOUN
cblr-7157	641	45	of	of	ADP
cblr-7157	641	46	shares	share	NOUN
cblr-7157	641	47	flowing	flow	VERB
cblr-7157	641	48	to	to	ADP
cblr-7157	641	49	jurisdictions	jurisdiction	NOUN
cblr-7157	641	50	where	where	SCONJ
cblr-7157	641	51	holdup	holdup	NOUN
cblr-7157	641	52	is	be	AUX
cblr-7157	641	53	facilitated	facilitate	VERB
cblr-7157	641	54	,	,	PUNCT
cblr-7157	641	55	as	as	SCONJ
cblr-7157	641	56	vincent	vincent	PROPN
cblr-7157	641	57	buccola	buccola	PROPN
cblr-7157	641	58	argues	argue	VERB
cblr-7157	641	59	.	.	PUNCT
cblr-7157	642	1	see	see	VERB
cblr-7157	642	2	buccola	buccola	PROPN
cblr-7157	642	3	,	,	PUNCT
cblr-7157	642	4	supra	supra	PROPN
cblr-7157	642	5	note	note	NOUN
cblr-7157	642	6	149	149	NUM
cblr-7157	642	7	,	,	PUNCT
cblr-7157	642	8	at	at	ADP
cblr-7157	642	9	385	385	NUM
cblr-7157	642	10	.	.	PUNCT
cblr-7157	643	1	156	156	NUM
cblr-7157	643	2	see	see	VERB
cblr-7157	643	3	lipton	lipton	PROPN
cblr-7157	643	4	,	,	PUNCT
cblr-7157	643	5	supra	supra	PROPN
cblr-7157	643	6	note	note	NOUN
cblr-7157	643	7	106	106	NUM
cblr-7157	643	8	,	,	PUNCT
cblr-7157	643	9	at	at	ADP
cblr-7157	643	10	596–98	596–98	PROPN
cblr-7157	643	11	.	.	PUNCT
cblr-7157	644	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	644	2	(	(	PUNCT
cblr-7157	644	3	do	do	AUX
cblr-7157	644	4	not	not	PART
cblr-7157	644	5	delte	delte	VERB
cblr-7157	644	6	)	)	PUNCT
cblr-7157	644	7	10/2/2020	10/2/2020	NUM
cblr-7157	644	8	11:44	11:44	NUM
cblr-7157	644	9	am	am	NOUN
cblr-7157	644	10	44	44	NUM
cblr-7157	644	11	columbia	columbia	PROPN
cblr-7157	644	12	business	business	NOUN
cblr-7157	644	13	law	law	PROPN
cblr-7157	644	14	review	review	NOUN
cblr-7157	644	15	[	[	X
cblr-7157	644	16	vol	vol	NOUN
cblr-7157	644	17	.	.	PUNCT
cblr-7157	644	18	2020	2020	NUM
cblr-7157	644	19	property	property	NOUN
cblr-7157	644	20	,	,	PUNCT
cblr-7157	644	21	but	but	CCONJ
cblr-7157	644	22	not	not	PART
cblr-7157	644	23	generally	generally	ADV
cblr-7157	644	24	how	how	SCONJ
cblr-7157	644	25	rights	right	NOUN
cblr-7157	644	26	are	be	AUX
cblr-7157	644	27	obtained	obtain	VERB
cblr-7157	644	28	in	in	ADP
cblr-7157	644	29	contract	contract	NOUN
cblr-7157	644	30	.	.	PUNCT
cblr-7157	645	1	rights	right	NOUN
cblr-7157	645	2	in	in	ADP
cblr-7157	645	3	contracts	contract	NOUN
cblr-7157	645	4	,	,	PUNCT
cblr-7157	645	5	in	in	ADP
cblr-7157	645	6	contrast	contrast	NOUN
cblr-7157	645	7	,	,	PUNCT
cblr-7157	645	8	are	be	AUX
cblr-7157	645	9	acquired	acquire	VERB
cblr-7157	645	10	by	by	ADP
cblr-7157	645	11	manifesting	manifest	VERB
cblr-7157	645	12	assent	assent	NOUN
cblr-7157	645	13	to	to	ADP
cblr-7157	645	14	the	the	DET
cblr-7157	645	15	terms	term	NOUN
cblr-7157	645	16	of	of	ADP
cblr-7157	645	17	a	a	DET
cblr-7157	645	18	bargain	bargain	NOUN
cblr-7157	645	19	.	.	PUNCT
cblr-7157	646	1	an	an	DET
cblr-7157	646	2	original	original	ADJ
cblr-7157	646	3	contracting	contracting	NOUN
cblr-7157	646	4	party	party	NOUN
cblr-7157	646	5	often	often	ADV
cblr-7157	646	6	can	can	AUX
cblr-7157	646	7	assign	assign	VERB
cblr-7157	646	8	contract	contract	NOUN
cblr-7157	646	9	rights	right	NOUN
cblr-7157	646	10	to	to	ADP
cblr-7157	646	11	an	an	DET
cblr-7157	646	12	assignee	assignee	NOUN
cblr-7157	646	13	,	,	PUNCT
cblr-7157	646	14	but	but	CCONJ
cblr-7157	646	15	the	the	DET
cblr-7157	646	16	assignor	assignor	NOUN
cblr-7157	646	17	remains	remain	VERB
cblr-7157	646	18	a	a	DET
cblr-7157	646	19	party	party	NOUN
cblr-7157	646	20	to	to	ADP
cblr-7157	646	21	the	the	DET
cblr-7157	646	22	contract	contract	NOUN
cblr-7157	646	23	,	,	PUNCT
cblr-7157	646	24	absent	absent	ADJ
cblr-7157	646	25	a	a	DET
cblr-7157	646	26	novation	novation	NOUN
cblr-7157	646	27	among	among	ADP
cblr-7157	646	28	all	all	DET
cblr-7157	646	29	the	the	DET
cblr-7157	646	30	parties	party	NOUN
cblr-7157	646	31	.	.	PUNCT
cblr-7157	647	1	in	in	ADP
cblr-7157	647	2	contrast	contrast	NOUN
cblr-7157	647	3	,	,	PUNCT
cblr-7157	647	4	once	once	SCONJ
cblr-7157	647	5	shares	share	NOUN
cblr-7157	647	6	are	be	AUX
cblr-7157	647	7	transferred	transfer	VERB
cblr-7157	647	8	,	,	PUNCT
cblr-7157	647	9	with	with	ADP
cblr-7157	647	10	no	no	DET
cblr-7157	647	11	contractual	contractual	ADJ
cblr-7157	647	12	agreement	agreement	NOUN
cblr-7157	647	13	by	by	ADP
cblr-7157	647	14	anyone	anyone	PRON
cblr-7157	647	15	,	,	PUNCT
cblr-7157	647	16	the	the	DET
cblr-7157	647	17	assignor	assignor	NOUN
cblr-7157	647	18	no	no	ADV
cblr-7157	647	19	longer	long	ADV
cblr-7157	647	20	retains	retain	VERB
cblr-7157	647	21	any	any	DET
cblr-7157	647	22	rights	right	NOUN
cblr-7157	647	23	or	or	CCONJ
cblr-7157	647	24	duties	duty	NOUN
cblr-7157	647	25	,	,	PUNCT
cblr-7157	647	26	as	as	SCONJ
cblr-7157	647	27	when	when	SCONJ
cblr-7157	647	28	property	property	NOUN
cblr-7157	647	29	is	be	AUX
cblr-7157	647	30	sold	sell	VERB
cblr-7157	647	31	.	.	PUNCT
cblr-7157	648	1	although	although	SCONJ
cblr-7157	648	2	this	this	DET
cblr-7157	648	3	factor	factor	NOUN
cblr-7157	648	4	is	be	AUX
cblr-7157	648	5	not	not	PART
cblr-7157	648	6	decisive	decisive	ADJ
cblr-7157	648	7	,	,	PUNCT
cblr-7157	648	8	it	it	PRON
cblr-7157	648	9	too	too	ADV
cblr-7157	648	10	points	point	VERB
cblr-7157	648	11	toward	toward	ADP
cblr-7157	648	12	shares	share	NOUN
cblr-7157	648	13	being	be	AUX
cblr-7157	648	14	construed	construe	VERB
cblr-7157	648	15	as	as	ADP
cblr-7157	648	16	a	a	DET
cblr-7157	648	17	property	property	NOUN
cblr-7157	648	18	interest	interest	NOUN
cblr-7157	648	19	.	.	PUNCT
cblr-7157	649	1	finally	finally	ADV
cblr-7157	649	2	,	,	PUNCT
cblr-7157	649	3	the	the	DET
cblr-7157	649	4	limited	limited	ADJ
cblr-7157	649	5	liability	liability	NOUN
cblr-7157	649	6	of	of	ADP
cblr-7157	649	7	corporations	corporation	NOUN
cblr-7157	649	8	is	be	AUX
cblr-7157	649	9	often	often	ADV
cblr-7157	649	10	seen	see	VERB
cblr-7157	649	11	as	as	ADP
cblr-7157	649	12	a	a	DET
cblr-7157	649	13	property	property	NOUN
cblr-7157	649	14	-	-	PUNCT
cblr-7157	649	15	like	like	ADJ
cblr-7157	649	16	right	right	NOUN
cblr-7157	649	17	,	,	PUNCT
cblr-7157	649	18	in	in	SCONJ
cblr-7157	649	19	that	that	SCONJ
cblr-7157	649	20	it	it	PRON
cblr-7157	649	21	is	be	AUX
cblr-7157	649	22	good	good	ADJ
cblr-7157	649	23	against	against	ADP
cblr-7157	649	24	the	the	DET
cblr-7157	649	25	world	world	NOUN
cblr-7157	649	26	and	and	CCONJ
cblr-7157	649	27	does	do	AUX
cblr-7157	649	28	not	not	PART
cblr-7157	649	29	rely	rely	VERB
cblr-7157	649	30	on	on	ADP
cblr-7157	649	31	contract	contract	NOUN
cblr-7157	649	32	.	.	PUNCT
cblr-7157	650	1	but	but	CCONJ
cblr-7157	650	2	there	there	PRON
cblr-7157	650	3	is	be	VERB
cblr-7157	650	4	a	a	DET
cblr-7157	650	5	deeper	deep	ADJ
cblr-7157	650	6	sense	sense	NOUN
cblr-7157	650	7	in	in	ADP
cblr-7157	650	8	which	which	PRON
cblr-7157	650	9	the	the	DET
cblr-7157	650	10	doctrine	doctrine	NOUN
cblr-7157	650	11	of	of	ADP
cblr-7157	650	12	limited	limited	ADJ
cblr-7157	650	13	liability	liability	NOUN
cblr-7157	650	14	itself	itself	PRON
cblr-7157	650	15	is	be	AUX
cblr-7157	650	16	incoherent	incoherent	ADJ
cblr-7157	650	17	in	in	ADP
cblr-7157	650	18	a	a	DET
cblr-7157	650	19	contractual	contractual	ADJ
cblr-7157	650	20	context	context	NOUN
cblr-7157	650	21	.	.	PUNCT
cblr-7157	651	1	why	why	SCONJ
cblr-7157	651	2	is	be	AUX
cblr-7157	651	3	limited	limit	VERB
cblr-7157	651	4	liability	liability	NOUN
cblr-7157	651	5	significant	significant	ADJ
cblr-7157	651	6	if	if	SCONJ
cblr-7157	651	7	shares	share	NOUN
cblr-7157	651	8	are	be	AUX
cblr-7157	651	9	merely	merely	ADV
cblr-7157	651	10	contractual	contractual	ADJ
cblr-7157	651	11	claims	claim	NOUN
cblr-7157	651	12	on	on	ADP
cblr-7157	651	13	the	the	DET
cblr-7157	651	14	corporation	corporation	NOUN
cblr-7157	651	15	?	?	PUNCT
cblr-7157	652	1	contracting	contract	VERB
cblr-7157	652	2	parties	party	NOUN
cblr-7157	652	3	do	do	AUX
cblr-7157	652	4	not	not	PART
cblr-7157	652	5	generally	generally	ADV
cblr-7157	652	6	insure	insure	VERB
cblr-7157	652	7	their	their	PRON
cblr-7157	652	8	contractual	contractual	ADJ
cblr-7157	652	9	counterparties	counterpartie	NOUN
cblr-7157	652	10	for	for	ADP
cblr-7157	652	11	insolvency	insolvency	NOUN
cblr-7157	652	12	,	,	PUNCT
cblr-7157	652	13	so	so	ADV
cblr-7157	652	14	why	why	SCONJ
cblr-7157	652	15	would	would	AUX
cblr-7157	652	16	limited	limit	VERB
cblr-7157	652	17	liability	liability	NOUN
cblr-7157	652	18	protection	protection	NOUN
cblr-7157	652	19	be	be	AUX
cblr-7157	652	20	needed	need	VERB
cblr-7157	652	21	or	or	CCONJ
cblr-7157	652	22	significant	significant	ADJ
cblr-7157	652	23	?	?	PUNCT
cblr-7157	653	1	there	there	PRON
cblr-7157	653	2	is	be	VERB
cblr-7157	653	3	no	no	DET
cblr-7157	653	4	doctrine	doctrine	NOUN
cblr-7157	653	5	of	of	ADP
cblr-7157	653	6	limited	limited	ADJ
cblr-7157	653	7	liability	liability	NOUN
cblr-7157	653	8	for	for	ADP
cblr-7157	653	9	lenders	lender	NOUN
cblr-7157	653	10	,	,	PUNCT
cblr-7157	653	11	although	although	SCONJ
cblr-7157	653	12	their	their	PRON
cblr-7157	653	13	liability	liability	NOUN
cblr-7157	653	14	is	be	AUX
cblr-7157	653	15	generally	generally	ADV
cblr-7157	653	16	limited	limited	ADJ
cblr-7157	653	17	.	.	PUNCT
cblr-7157	654	1	principals	principal	NOUN
cblr-7157	654	2	have	have	VERB
cblr-7157	654	3	liability	liability	NOUN
cblr-7157	654	4	for	for	ADP
cblr-7157	654	5	actions	action	NOUN
cblr-7157	654	6	taken	take	VERB
cblr-7157	654	7	by	by	ADP
cblr-7157	654	8	agents	agent	NOUN
cblr-7157	654	9	on	on	ADP
cblr-7157	654	10	their	their	PRON
cblr-7157	654	11	behalf	behalf	NOUN
cblr-7157	654	12	,	,	PUNCT
cblr-7157	654	13	but	but	CCONJ
cblr-7157	654	14	if	if	SCONJ
cblr-7157	654	15	managers	manager	NOUN
cblr-7157	654	16	are	be	AUX
cblr-7157	654	17	agents	agent	NOUN
cblr-7157	654	18	in	in	ADP
cblr-7157	654	19	the	the	DET
cblr-7157	654	20	nexus	nexus	NOUN
cblr-7157	654	21	of	of	ADP
cblr-7157	654	22	contracts	contract	NOUN
cblr-7157	654	23	model	model	NOUN
cblr-7157	654	24	they	they	PRON
cblr-7157	654	25	could	could	AUX
cblr-7157	654	26	only	only	ADV
cblr-7157	654	27	be	be	AUX
cblr-7157	654	28	agents	agent	NOUN
cblr-7157	654	29	for	for	ADP
cblr-7157	654	30	the	the	DET
cblr-7157	654	31	“	"	PUNCT
cblr-7157	654	32	nexus	nexus	NOUN
cblr-7157	654	33	,	,	PUNCT
cblr-7157	654	34	”	"	PUNCT
cblr-7157	654	35	not	not	PART
cblr-7157	654	36	the	the	DET
cblr-7157	654	37	shareholders	shareholder	NOUN
cblr-7157	654	38	,	,	PUNCT
cblr-7157	654	39	as	as	SCONJ
cblr-7157	654	40	their	their	PRON
cblr-7157	654	41	actions	action	NOUN
cblr-7157	654	42	do	do	AUX
cblr-7157	654	43	not	not	PART
cblr-7157	654	44	bind	bind	VERB
cblr-7157	654	45	the	the	DET
cblr-7157	654	46	shareholders	shareholder	NOUN
cblr-7157	654	47	to	to	PART
cblr-7157	654	48	contracts	contract	NOUN
cblr-7157	654	49	with	with	ADP
cblr-7157	654	50	third	third	ADJ
cblr-7157	654	51	parties	party	NOUN
cblr-7157	654	52	.	.	PUNCT
cblr-7157	655	1	the	the	DET
cblr-7157	655	2	very	very	ADJ
cblr-7157	655	3	existence	existence	NOUN
cblr-7157	655	4	of	of	ADP
cblr-7157	655	5	a	a	DET
cblr-7157	655	6	limited	limited	ADJ
cblr-7157	655	7	liability	liability	NOUN
cblr-7157	655	8	doctrine	doctrine	NOUN
cblr-7157	655	9	implies	imply	VERB
cblr-7157	655	10	that	that	SCONJ
cblr-7157	655	11	contract	contract	NOUN
cblr-7157	655	12	does	do	AUX
cblr-7157	655	13	not	not	PART
cblr-7157	655	14	adequately	adequately	ADV
cblr-7157	655	15	capture	capture	VERB
cblr-7157	655	16	the	the	DET
cblr-7157	655	17	shareholder	shareholder	NOUN
cblr-7157	655	18	-	-	PUNCT
cblr-7157	655	19	corporation	corporation	NOUN
cblr-7157	655	20	relationship	relationship	NOUN
cblr-7157	655	21	.	.	PUNCT
cblr-7157	656	1	3	3	X
cblr-7157	656	2	.	.	X
cblr-7157	656	3	summary	summary	NOUN
cblr-7157	656	4	this	this	DET
cblr-7157	656	5	part	part	NOUN
cblr-7157	656	6	has	have	AUX
cblr-7157	656	7	laid	lay	VERB
cblr-7157	656	8	out	out	ADP
cblr-7157	656	9	the	the	DET
cblr-7157	656	10	case	case	NOUN
cblr-7157	656	11	that	that	SCONJ
cblr-7157	656	12	the	the	DET
cblr-7157	656	13	pure	pure	ADJ
cblr-7157	656	14	contractarian	contractarian	ADJ
cblr-7157	656	15	perspective	perspective	NOUN
cblr-7157	656	16	on	on	ADP
cblr-7157	656	17	the	the	DET
cblr-7157	656	18	legal	legal	ADJ
cblr-7157	656	19	institution	institution	NOUN
cblr-7157	656	20	of	of	ADP
cblr-7157	656	21	the	the	DET
cblr-7157	656	22	corporation	corporation	NOUN
cblr-7157	656	23	is	be	AUX
cblr-7157	656	24	fatal	fatal	ADJ
cblr-7157	656	25	to	to	ADP
cblr-7157	656	26	the	the	DET
cblr-7157	656	27	approach	approach	NOUN
cblr-7157	656	28	as	as	ADP
cblr-7157	656	29	a	a	DET
cblr-7157	656	30	theory	theory	NOUN
cblr-7157	656	31	of	of	ADP
cblr-7157	656	32	corporate	corporate	ADJ
cblr-7157	656	33	law	law	NOUN
cblr-7157	656	34	.	.	PUNCT
cblr-7157	657	1	the	the	DET
cblr-7157	657	2	contractarian	contractarian	ADJ
cblr-7157	657	3	theory	theory	NOUN
cblr-7157	657	4	can	can	AUX
cblr-7157	657	5	not	not	PART
cblr-7157	657	6	say	say	VERB
cblr-7157	657	7	what	what	PRON
cblr-7157	657	8	relationships	relationship	NOUN
cblr-7157	657	9	are	be	AUX
cblr-7157	657	10	inside	inside	ADP
cblr-7157	657	11	or	or	CCONJ
cblr-7157	657	12	outside	outside	ADP
cblr-7157	657	13	the	the	DET
cblr-7157	657	14	firm	firm	NOUN
cblr-7157	657	15	,	,	PUNCT
cblr-7157	657	16	and	and	CCONJ
cblr-7157	657	17	could	could	AUX
cblr-7157	657	18	even	even	ADV
cblr-7157	657	19	be	be	AUX
cblr-7157	657	20	thought	think	VERB
cblr-7157	657	21	of	of	ADP
cblr-7157	657	22	as	as	ADP
cblr-7157	657	23	a	a	DET
cblr-7157	657	24	theory	theory	NOUN
cblr-7157	657	25	of	of	ADP
cblr-7157	657	26	why	why	SCONJ
cblr-7157	657	27	there	there	PRON
cblr-7157	657	28	are	be	VERB
cblr-7157	657	29	no	no	DET
cblr-7157	657	30	firms.157	firms.157	NOUN
cblr-7157	657	31	that	that	PRON
cblr-7157	657	32	is	is	ADV
cblr-7157	657	33	,	,	PUNCT
cblr-7157	657	34	the	the	DET
cblr-7157	657	35	nexus	nexus	NOUN
cblr-7157	657	36	of	of	ADP
cblr-7157	657	37	contracts	contract	NOUN
cblr-7157	657	38	approach	approach	NOUN
cblr-7157	657	39	suffers	suffer	VERB
cblr-7157	657	40	from	from	ADP
cblr-7157	657	41	the	the	DET
cblr-7157	657	42	inability	inability	NOUN
cblr-7157	657	43	to	to	PART
cblr-7157	657	44	clearly	clearly	ADV
cblr-7157	657	45	demarcate	demarcate	VERB
cblr-7157	657	46	the	the	DET
cblr-7157	657	47	boundaries	boundary	NOUN
cblr-7157	657	48	of	of	ADP
cblr-7157	657	49	157	157	NUM
cblr-7157	657	50	eisenberg	eisenberg	PROPN
cblr-7157	657	51	,	,	PUNCT
cblr-7157	657	52	supra	supra	PROPN
cblr-7157	657	53	note	note	PROPN
cblr-7157	657	54	1	1	NUM
cblr-7157	657	55	,	,	PUNCT
cblr-7157	657	56	at	at	ADP
cblr-7157	657	57	832	832	NUM
cblr-7157	657	58	.	.	PUNCT
cblr-7157	658	1	this	this	DET
cblr-7157	658	2	very	very	ADJ
cblr-7157	658	3	perspective	perspective	NOUN
cblr-7157	658	4	was	be	AUX
cblr-7157	658	5	developed	develop	VERB
cblr-7157	658	6	in	in	ADP
cblr-7157	658	7	gulati	gulati	PROPN
cblr-7157	658	8	’s	’s	PART
cblr-7157	658	9	seminal	seminal	ADJ
cblr-7157	658	10	article	article	NOUN
cblr-7157	658	11	.	.	PUNCT
cblr-7157	659	1	see	see	VERB
cblr-7157	659	2	gulati	gulati	PROPN
cblr-7157	659	3	et	et	PROPN
cblr-7157	659	4	al	al	PROPN
cblr-7157	659	5	.	.	PROPN
cblr-7157	659	6	,	,	PUNCT
cblr-7157	659	7	supra	supra	PROPN
cblr-7157	659	8	note	note	PROPN
cblr-7157	659	9	11	11	NUM
cblr-7157	659	10	,	,	PUNCT
cblr-7157	659	11	at	at	ADP
cblr-7157	659	12	947	947	NUM
cblr-7157	659	13	.	.	PUNCT
cblr-7157	660	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	660	2	(	(	PUNCT
cblr-7157	660	3	do	do	AUX
cblr-7157	660	4	not	not	PART
cblr-7157	660	5	delete	delete	VERB
cblr-7157	660	6	)	)	PUNCT
cblr-7157	660	7	10/2/2020	10/2/2020	NUM
cblr-7157	660	8	11:44	11:44	NUM
cblr-7157	660	9	am	be	AUX
cblr-7157	660	10	no	no	NOUN
cblr-7157	660	11	.	.	PUNCT
cblr-7157	660	12	1:1	1:1	NUM
cblr-7157	660	13	]	]	X
cblr-7157	660	14	a	a	DET
cblr-7157	660	15	property	property	NOUN
cblr-7157	660	16	theory	theory	NOUN
cblr-7157	660	17	45	45	NUM
cblr-7157	660	18	the	the	DET
cblr-7157	660	19	firm.158	firm.158	NOUN
cblr-7157	660	20	for	for	ADP
cblr-7157	660	21	legal	legal	ADJ
cblr-7157	660	22	purposes	purpose	NOUN
cblr-7157	660	23	,	,	PUNCT
cblr-7157	660	24	the	the	DET
cblr-7157	660	25	boundary	boundary	ADJ
cblr-7157	660	26	problem	problem	NOUN
cblr-7157	660	27	is	be	AUX
cblr-7157	660	28	best	well	ADV
cblr-7157	660	29	solved	solve	VERB
cblr-7157	660	30	by	by	ADP
cblr-7157	660	31	introducing	introduce	VERB
cblr-7157	660	32	ownership	ownership	NOUN
cblr-7157	660	33	interests	interest	NOUN
cblr-7157	660	34	into	into	ADP
cblr-7157	660	35	the	the	DET
cblr-7157	660	36	nexus	nexus	NOUN
cblr-7157	660	37	of	of	ADP
cblr-7157	660	38	contracts	contract	NOUN
cblr-7157	660	39	.	.	PUNCT
cblr-7157	661	1	yet	yet	CCONJ
cblr-7157	661	2	the	the	DET
cblr-7157	661	3	search	search	NOUN
cblr-7157	661	4	for	for	ADP
cblr-7157	661	5	ownership	ownership	NOUN
cblr-7157	661	6	interests	interest	NOUN
cblr-7157	661	7	is	be	AUX
cblr-7157	661	8	not	not	PART
cblr-7157	661	9	necessarily	necessarily	ADV
cblr-7157	661	10	a	a	DET
cblr-7157	661	11	search	search	NOUN
cblr-7157	661	12	for	for	ADP
cblr-7157	661	13	“	"	PUNCT
cblr-7157	661	14	owners	owner	NOUN
cblr-7157	661	15	,	,	PUNCT
cblr-7157	661	16	”	"	PUNCT
cblr-7157	661	17	at	at	ADP
cblr-7157	661	18	least	least	ADJ
cblr-7157	661	19	in	in	ADP
cblr-7157	661	20	the	the	DET
cblr-7157	661	21	usual	usual	ADJ
cblr-7157	661	22	fee	fee	NOUN
cblr-7157	661	23	simple	simple	ADJ
cblr-7157	661	24	sense	sense	NOUN
cblr-7157	661	25	.	.	PUNCT
cblr-7157	662	1	the	the	DET
cblr-7157	662	2	traditional	traditional	ADJ
cblr-7157	662	3	approach	approach	NOUN
cblr-7157	662	4	,	,	PUNCT
cblr-7157	662	5	which	which	PRON
cblr-7157	662	6	views	view	VERB
cblr-7157	662	7	shareholders	shareholder	NOUN
cblr-7157	662	8	as	as	ADP
cblr-7157	662	9	“	"	PUNCT
cblr-7157	662	10	the	the	DET
cblr-7157	662	11	owners	owner	NOUN
cblr-7157	662	12	”	"	PUNCT
cblr-7157	662	13	of	of	ADP
cblr-7157	662	14	the	the	DET
cblr-7157	662	15	corporation	corporation	NOUN
cblr-7157	662	16	,	,	PUNCT
cblr-7157	662	17	oversimplifies	oversimplify	VERB
cblr-7157	662	18	in	in	ADP
cblr-7157	662	19	the	the	DET
cblr-7157	662	20	other	other	ADJ
cblr-7157	662	21	direction	direction	NOUN
cblr-7157	662	22	.	.	PUNCT
cblr-7157	663	1	the	the	DET
cblr-7157	663	2	reality	reality	NOUN
cblr-7157	663	3	is	be	AUX
cblr-7157	663	4	more	more	ADV
cblr-7157	663	5	nuanced	nuanced	ADJ
cblr-7157	663	6	than	than	ADP
cblr-7157	663	7	shareholders	shareholder	NOUN
cblr-7157	663	8	exclusively	exclusively	ADV
cblr-7157	663	9	holding	hold	VERB
cblr-7157	663	10	ownership	ownership	NOUN
cblr-7157	663	11	rights	right	NOUN
cblr-7157	663	12	the	the	DET
cblr-7157	663	13	way	way	NOUN
cblr-7157	663	14	other	other	ADJ
cblr-7157	663	15	claimants	claimant	NOUN
cblr-7157	663	16	exclusively	exclusively	ADV
cblr-7157	663	17	have	have	VERB
cblr-7157	663	18	contract	contract	NOUN
cblr-7157	663	19	rights	right	NOUN
cblr-7157	663	20	.	.	PUNCT
cblr-7157	664	1	in	in	ADP
cblr-7157	664	2	general	general	ADJ
cblr-7157	664	3	,	,	PUNCT
cblr-7157	664	4	no	no	DET
cblr-7157	664	5	single	single	ADJ
cblr-7157	664	6	class	class	NOUN
cblr-7157	664	7	of	of	ADP
cblr-7157	664	8	stock	stock	NOUN
cblr-7157	664	9	is	be	AUX
cblr-7157	664	10	fully	fully	ADV
cblr-7157	664	11	property	property	NOUN
cblr-7157	664	12	or	or	CCONJ
cblr-7157	664	13	fully	fully	ADV
cblr-7157	664	14	contract	contract	NOUN
cblr-7157	664	15	.	.	PUNCT
cblr-7157	665	1	most	most	ADJ
cblr-7157	665	2	equity	equity	NOUN
cblr-7157	665	3	interests	interest	NOUN
cblr-7157	665	4	will	will	AUX
cblr-7157	665	5	have	have	VERB
cblr-7157	665	6	a	a	DET
cblr-7157	665	7	mix	mix	NOUN
cblr-7157	665	8	of	of	ADP
cblr-7157	665	9	property	property	NOUN
cblr-7157	665	10	and	and	CCONJ
cblr-7157	665	11	contract	contract	NOUN
cblr-7157	665	12	interests	interest	NOUN
cblr-7157	665	13	.	.	PUNCT
cblr-7157	666	1	in	in	ADP
cblr-7157	666	2	general	general	ADJ
cblr-7157	666	3	,	,	PUNCT
cblr-7157	666	4	common	common	ADJ
cblr-7157	666	5	stock	stock	NOUN
cblr-7157	666	6	will	will	AUX
cblr-7157	666	7	have	have	VERB
cblr-7157	666	8	more	more	ADJ
cblr-7157	666	9	property	property	NOUN
cblr-7157	666	10	attributes	attribute	NOUN
cblr-7157	666	11	than	than	ADP
cblr-7157	666	12	preferred	preferred	ADJ
cblr-7157	666	13	stock	stock	NOUN
cblr-7157	666	14	,	,	PUNCT
cblr-7157	666	15	but	but	CCONJ
cblr-7157	666	16	not	not	PART
cblr-7157	666	17	completely	completely	ADV
cblr-7157	666	18	so	so	ADV
cblr-7157	666	19	and	and	CCONJ
cblr-7157	666	20	not	not	PART
cblr-7157	666	21	in	in	ADP
cblr-7157	666	22	every	every	DET
cblr-7157	666	23	case	case	NOUN
cblr-7157	666	24	.	.	PUNCT
cblr-7157	667	1	thus	thus	ADV
cblr-7157	667	2	,	,	PUNCT
cblr-7157	667	3	a	a	DET
cblr-7157	667	4	framework	framework	NOUN
cblr-7157	667	5	is	be	AUX
cblr-7157	667	6	needed	need	VERB
cblr-7157	667	7	to	to	PART
cblr-7157	667	8	determine	determine	VERB
cblr-7157	667	9	which	which	DET
cblr-7157	667	10	claims	claim	NOUN
cblr-7157	667	11	on	on	ADP
cblr-7157	667	12	the	the	DET
cblr-7157	667	13	corporation	corporation	NOUN
cblr-7157	667	14	constitute	constitute	VERB
cblr-7157	667	15	ownership	ownership	NOUN
cblr-7157	667	16	interests	interest	NOUN
cblr-7157	667	17	and	and	CCONJ
cblr-7157	667	18	which	which	PRON
cblr-7157	667	19	claims	claim	VERB
cblr-7157	667	20	on	on	ADP
cblr-7157	667	21	the	the	DET
cblr-7157	667	22	corporation	corporation	NOUN
cblr-7157	667	23	constitute	constitute	VERB
cblr-7157	667	24	contract	contract	NOUN
cblr-7157	667	25	interests	interest	NOUN
cblr-7157	667	26	.	.	PUNCT
cblr-7157	668	1	this	this	PRON
cblr-7157	668	2	is	be	AUX
cblr-7157	668	3	why	why	SCONJ
cblr-7157	668	4	the	the	DET
cblr-7157	668	5	property	property	NOUN
cblr-7157	668	6	theory	theory	NOUN
cblr-7157	668	7	of	of	ADP
cblr-7157	668	8	the	the	DET
cblr-7157	668	9	firm	firm	NOUN
cblr-7157	668	10	,	,	PUNCT
cblr-7157	668	11	developed	develop	VERB
cblr-7157	668	12	in	in	ADP
cblr-7157	668	13	the	the	DET
cblr-7157	668	14	next	next	ADJ
cblr-7157	668	15	part	part	NOUN
cblr-7157	668	16	,	,	PUNCT
cblr-7157	668	17	offers	offer	VERB
cblr-7157	668	18	a	a	DET
cblr-7157	668	19	way	way	NOUN
cblr-7157	668	20	forward	forward	ADV
cblr-7157	668	21	in	in	ADP
cblr-7157	668	22	understanding	understand	VERB
cblr-7157	668	23	the	the	DET
cblr-7157	668	24	legal	legal	ADJ
cblr-7157	668	25	nature	nature	NOUN
cblr-7157	668	26	of	of	ADP
cblr-7157	668	27	the	the	DET
cblr-7157	668	28	corporation	corporation	NOUN
cblr-7157	668	29	and	and	CCONJ
cblr-7157	668	30	classifying	classify	VERB
cblr-7157	668	31	the	the	DET
cblr-7157	668	32	complex	complex	ADJ
cblr-7157	668	33	set	set	NOUN
cblr-7157	668	34	of	of	ADP
cblr-7157	668	35	contract	contract	NOUN
cblr-7157	668	36	and	and	CCONJ
cblr-7157	668	37	property	property	NOUN
cblr-7157	668	38	relationships	relationship	NOUN
cblr-7157	668	39	that	that	PRON
cblr-7157	668	40	exist	exist	VERB
cblr-7157	668	41	in	in	ADP
cblr-7157	668	42	a	a	DET
cblr-7157	668	43	corporation	corporation	NOUN
cblr-7157	668	44	.	.	PUNCT
cblr-7157	669	1	iii	iii	X
cblr-7157	669	2	.	.	PUNCT
cblr-7157	670	1	building	build	VERB
cblr-7157	670	2	a	a	DET
cblr-7157	670	3	property	property	NOUN
cblr-7157	670	4	theory	theory	NOUN
cblr-7157	670	5	of	of	ADP
cblr-7157	670	6	corporate	corporate	ADJ
cblr-7157	670	7	law	law	NOUN
cblr-7157	670	8	the	the	DET
cblr-7157	670	9	previous	previous	ADJ
cblr-7157	670	10	part	part	NOUN
cblr-7157	670	11	outlined	outline	VERB
cblr-7157	670	12	the	the	DET
cblr-7157	670	13	limits	limit	NOUN
cblr-7157	670	14	of	of	ADP
cblr-7157	670	15	explaining	explain	VERB
cblr-7157	670	16	corporate	corporate	ADJ
cblr-7157	670	17	law	law	NOUN
cblr-7157	670	18	in	in	ADP
cblr-7157	670	19	terms	term	NOUN
cblr-7157	670	20	of	of	ADP
cblr-7157	670	21	contract	contract	NOUN
cblr-7157	670	22	law	law	NOUN
cblr-7157	670	23	.	.	PUNCT
cblr-7157	671	1	this	this	DET
cblr-7157	671	2	part	part	NOUN
cblr-7157	671	3	makes	make	VERB
cblr-7157	671	4	the	the	DET
cblr-7157	671	5	affirmative	affirmative	ADJ
cblr-7157	671	6	case	case	NOUN
cblr-7157	671	7	for	for	ADP
cblr-7157	671	8	a	a	DET
cblr-7157	671	9	property	property	NOUN
cblr-7157	671	10	theory	theory	NOUN
cblr-7157	671	11	of	of	ADP
cblr-7157	671	12	corporate	corporate	ADJ
cblr-7157	671	13	law	law	NOUN
cblr-7157	671	14	based	base	VERB
cblr-7157	671	15	on	on	ADP
cblr-7157	671	16	property	property	NOUN
cblr-7157	671	17	theory	theory	NOUN
cblr-7157	671	18	.	.	PUNCT
cblr-7157	672	1	section	section	NOUN
cblr-7157	672	2	iii.a	iii.a	PROPN
cblr-7157	672	3	proposes	propose	VERB
cblr-7157	672	4	thinking	thinking	NOUN
cblr-7157	672	5	of	of	ADP
cblr-7157	672	6	the	the	DET
cblr-7157	672	7	corporation	corporation	NOUN
cblr-7157	672	8	as	as	ADP
cblr-7157	672	9	an	an	DET
cblr-7157	672	10	ownership	ownership	NOUN
cblr-7157	672	11	structure	structure	NOUN
cblr-7157	672	12	.	.	PUNCT
cblr-7157	673	1	section	section	NOUN
cblr-7157	673	2	iii.b	iii.b	PRON
cblr-7157	673	3	examines	examine	VERB
cblr-7157	673	4	corporate	corporate	ADJ
cblr-7157	673	5	law	law	NOUN
cblr-7157	673	6	through	through	ADP
cblr-7157	673	7	the	the	DET
cblr-7157	673	8	lens	lens	NOUN
cblr-7157	673	9	of	of	ADP
cblr-7157	673	10	property	property	NOUN
cblr-7157	673	11	theory	theory	NOUN
cblr-7157	673	12	’s	’s	PART
cblr-7157	673	13	“	"	PUNCT
cblr-7157	673	14	right	right	ADJ
cblr-7157	673	15	to	to	PART
cblr-7157	673	16	exclude	exclude	VERB
cblr-7157	673	17	,	,	PUNCT
cblr-7157	673	18	”	"	PUNCT
cblr-7157	673	19	arguing	argue	VERB
cblr-7157	673	20	that	that	SCONJ
cblr-7157	673	21	corporate	corporate	ADJ
cblr-7157	673	22	law	law	NOUN
cblr-7157	673	23	strongly	strongly	ADV
cblr-7157	673	24	resembles	resemble	VERB
cblr-7157	673	25	property	property	NOUN
cblr-7157	673	26	law	law	NOUN
cblr-7157	673	27	.	.	PUNCT
cblr-7157	674	1	section	section	NOUN
cblr-7157	674	2	iii.c	iii.c	PROPN
cblr-7157	674	3	builds	build	VERB
cblr-7157	674	4	the	the	DET
cblr-7157	674	5	property	property	NOUN
cblr-7157	674	6	theory	theory	NOUN
cblr-7157	674	7	from	from	ADP
cblr-7157	674	8	the	the	DET
cblr-7157	674	9	ground	ground	NOUN
cblr-7157	674	10	up	up	ADP
cblr-7157	674	11	.	.	PUNCT
cblr-7157	675	1	it	it	PRON
cblr-7157	675	2	provides	provide	VERB
cblr-7157	675	3	an	an	DET
cblr-7157	675	4	explanation	explanation	NOUN
cblr-7157	675	5	as	as	ADP
cblr-7157	675	6	to	to	ADP
cblr-7157	675	7	what	what	DET
cblr-7157	675	8	portions	portion	NOUN
cblr-7157	675	9	of	of	ADP
cblr-7157	675	10	corporate	corporate	ADJ
cblr-7157	675	11	law	law	NOUN
cblr-7157	675	12	are	be	AUX
cblr-7157	675	13	property	property	NOUN
cblr-7157	675	14	and	and	CCONJ
cblr-7157	675	15	which	which	PRON
cblr-7157	675	16	parts	part	NOUN
cblr-7157	675	17	are	be	AUX
cblr-7157	675	18	contract	contract	NOUN
cblr-7157	675	19	.	.	PUNCT
cblr-7157	676	1	the	the	DET
cblr-7157	676	2	dividing	divide	VERB
cblr-7157	676	3	line	line	NOUN
cblr-7157	676	4	turns	turn	VERB
cblr-7157	676	5	on	on	ADP
cblr-7157	676	6	what	what	PRON
cblr-7157	676	7	can	can	AUX
cblr-7157	676	8	be	be	AUX
cblr-7157	676	9	recreated	recreate	VERB
cblr-7157	676	10	from	from	ADP
cblr-7157	676	11	contract	contract	NOUN
cblr-7157	676	12	.	.	PUNCT
cblr-7157	677	1	it	it	PRON
cblr-7157	677	2	further	far	ADV
cblr-7157	677	3	158	158	NUM
cblr-7157	677	4	even	even	ADV
cblr-7157	677	5	treatments	treatment	NOUN
cblr-7157	677	6	sympathetic	sympathetic	ADJ
cblr-7157	677	7	to	to	ADP
cblr-7157	677	8	the	the	DET
cblr-7157	677	9	contractarian	contractarian	ADJ
cblr-7157	677	10	approach	approach	NOUN
cblr-7157	677	11	identify	identify	VERB
cblr-7157	677	12	this	this	DET
cblr-7157	677	13	weakness	weakness	NOUN
cblr-7157	677	14	,	,	PUNCT
cblr-7157	677	15	often	often	ADV
cblr-7157	677	16	with	with	ADP
cblr-7157	677	17	tepid	tepid	ADJ
cblr-7157	677	18	pushback	pushback	NOUN
cblr-7157	677	19	.	.	PUNCT
cblr-7157	678	1	see	see	VERB
cblr-7157	678	2	ulen	ulen	ADJ
cblr-7157	678	3	,	,	PUNCT
cblr-7157	678	4	supra	supra	PROPN
cblr-7157	678	5	note	note	NOUN
cblr-7157	678	6	33	33	NUM
cblr-7157	678	7	,	,	PUNCT
cblr-7157	678	8	at	at	ADP
cblr-7157	678	9	321	321	NUM
cblr-7157	678	10	.	.	PUNCT
cblr-7157	679	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	679	2	(	(	PUNCT
cblr-7157	679	3	do	do	AUX
cblr-7157	679	4	not	not	PART
cblr-7157	679	5	delte	delte	VERB
cblr-7157	679	6	)	)	PUNCT
cblr-7157	679	7	10/2/2020	10/2/2020	NUM
cblr-7157	679	8	11:44	11:44	NUM
cblr-7157	679	9	am	am	NOUN
cblr-7157	679	10	46	46	NUM
cblr-7157	679	11	columbia	columbia	PROPN
cblr-7157	679	12	business	business	NOUN
cblr-7157	679	13	law	law	PROPN
cblr-7157	679	14	review	review	NOUN
cblr-7157	679	15	[	[	X
cblr-7157	679	16	vol	vol	NOUN
cblr-7157	679	17	.	.	PUNCT
cblr-7157	679	18	2020	2020	NUM
cblr-7157	679	19	integrates	integrate	VERB
cblr-7157	679	20	the	the	DET
cblr-7157	679	21	burgeoning	burgeon	VERB
cblr-7157	679	22	literature	literature	NOUN
cblr-7157	679	23	that	that	PRON
cblr-7157	679	24	has	have	AUX
cblr-7157	679	25	recognized	recognize	VERB
cblr-7157	679	26	certain	certain	ADJ
cblr-7157	679	27	property	property	NOUN
cblr-7157	679	28	aspects	aspect	NOUN
cblr-7157	679	29	of	of	ADP
cblr-7157	679	30	corporate	corporate	ADJ
cblr-7157	679	31	law	law	NOUN
cblr-7157	679	32	.	.	PUNCT
cblr-7157	680	1	section	section	NOUN
cblr-7157	680	2	iii.d	iii.d	PROPN
cblr-7157	680	3	establishes	establish	VERB
cblr-7157	680	4	the	the	DET
cblr-7157	680	5	theoretical	theoretical	ADJ
cblr-7157	680	6	connection	connection	NOUN
cblr-7157	680	7	between	between	ADP
cblr-7157	680	8	ownership	ownership	NOUN
cblr-7157	680	9	rights	right	NOUN
cblr-7157	680	10	and	and	CCONJ
cblr-7157	680	11	fiduciary	fiduciary	ADJ
cblr-7157	680	12	duties	duty	NOUN
cblr-7157	680	13	.	.	PUNCT
cblr-7157	681	1	a.	a.	NOUN
cblr-7157	681	2	the	the	DET
cblr-7157	681	3	corporation	corporation	NOUN
cblr-7157	681	4	as	as	ADP
cblr-7157	681	5	an	an	DET
cblr-7157	681	6	ownership	ownership	NOUN
cblr-7157	681	7	structure	structure	NOUN
cblr-7157	681	8	if	if	SCONJ
cblr-7157	681	9	the	the	DET
cblr-7157	681	10	corporation	corporation	NOUN
cblr-7157	681	11	is	be	AUX
cblr-7157	681	12	not	not	PART
cblr-7157	681	13	a	a	DET
cblr-7157	681	14	nexus	nexus	NOUN
cblr-7157	681	15	of	of	ADP
cblr-7157	681	16	contracts	contract	NOUN
cblr-7157	681	17	,	,	PUNCT
cblr-7157	681	18	what	what	PRON
cblr-7157	681	19	is	be	AUX
cblr-7157	681	20	it	it	PRON
cblr-7157	681	21	?	?	PUNCT
cblr-7157	682	1	it	it	PRON
cblr-7157	682	2	is	be	AUX
cblr-7157	682	3	clear	clear	ADJ
cblr-7157	682	4	that	that	SCONJ
cblr-7157	682	5	the	the	DET
cblr-7157	682	6	corporation	corporation	NOUN
cblr-7157	682	7	serves	serve	VERB
cblr-7157	682	8	an	an	DET
cblr-7157	682	9	important	important	ADJ
cblr-7157	682	10	legal	legal	ADJ
cblr-7157	682	11	function	function	NOUN
cblr-7157	682	12	separate	separate	ADJ
cblr-7157	682	13	and	and	CCONJ
cblr-7157	682	14	apart	apart	ADV
cblr-7157	682	15	from	from	ADP
cblr-7157	682	16	the	the	DET
cblr-7157	682	17	function	function	NOUN
cblr-7157	682	18	of	of	ADP
cblr-7157	682	19	the	the	DET
cblr-7157	682	20	“	"	PUNCT
cblr-7157	682	21	firm	firm	NOUN
cblr-7157	682	22	”	"	PUNCT
cblr-7157	682	23	as	as	SCONJ
cblr-7157	682	24	described	describe	VERB
cblr-7157	682	25	in	in	ADP
cblr-7157	682	26	the	the	DET
cblr-7157	682	27	law	law	NOUN
cblr-7157	682	28	and	and	CCONJ
cblr-7157	682	29	economics	economic	NOUN
cblr-7157	682	30	movement	movement	NOUN
cblr-7157	682	31	.	.	PUNCT
cblr-7157	683	1	this	this	DET
cblr-7157	683	2	article	article	NOUN
cblr-7157	683	3	argues	argue	VERB
cblr-7157	683	4	that	that	SCONJ
cblr-7157	683	5	the	the	DET
cblr-7157	683	6	corporation	corporation	NOUN
cblr-7157	683	7	is	be	AUX
cblr-7157	683	8	best	well	ADV
cblr-7157	683	9	conceived	conceive	VERB
cblr-7157	683	10	of	of	ADP
cblr-7157	683	11	as	as	ADP
cblr-7157	683	12	an	an	DET
cblr-7157	683	13	ownership	ownership	NOUN
cblr-7157	683	14	structure	structure	NOUN
cblr-7157	683	15	:	:	PUNCT
cblr-7157	683	16	a	a	DET
cblr-7157	683	17	device	device	NOUN
cblr-7157	683	18	for	for	ADP
cblr-7157	683	19	converting	convert	VERB
cblr-7157	683	20	disorganized	disorganized	ADJ
cblr-7157	683	21	jumbles	jumble	NOUN
cblr-7157	683	22	of	of	ADP
cblr-7157	683	23	in	in	ADP
cblr-7157	683	24	personam	personam	NOUN
cblr-7157	683	25	relationships	relationship	NOUN
cblr-7157	683	26	into	into	ADP
cblr-7157	683	27	tidy	tidy	ADJ
cblr-7157	683	28	packages	package	NOUN
cblr-7157	683	29	of	of	ADP
cblr-7157	683	30	in	in	ADP
cblr-7157	683	31	rem	rem	NOUN
cblr-7157	683	32	rights	right	NOUN
cblr-7157	683	33	called	call	VERB
cblr-7157	683	34	“	"	PUNCT
cblr-7157	683	35	shares	share	NOUN
cblr-7157	683	36	,	,	PUNCT
cblr-7157	683	37	”	"	PUNCT
cblr-7157	683	38	which	which	PRON
cblr-7157	683	39	can	can	AUX
cblr-7157	683	40	then	then	ADV
cblr-7157	683	41	be	be	AUX
cblr-7157	683	42	divided	divide	VERB
cblr-7157	683	43	and	and	CCONJ
cblr-7157	683	44	sold	sell	VERB
cblr-7157	683	45	stripped	strip	VERB
cblr-7157	683	46	of	of	ADP
cblr-7157	683	47	any	any	PRON
cblr-7157	683	48	in	in	ADP
cblr-7157	683	49	personam	personam	NOUN
cblr-7157	683	50	entanglements	entanglement	NOUN
cblr-7157	683	51	.	.	PUNCT
cblr-7157	684	1	the	the	DET
cblr-7157	684	2	attributes	attribute	NOUN
cblr-7157	684	3	of	of	ADP
cblr-7157	684	4	the	the	DET
cblr-7157	684	5	stock	stock	NOUN
cblr-7157	684	6	inure	inure	NOUN
cblr-7157	684	7	to	to	ADP
cblr-7157	684	8	and	and	CCONJ
cblr-7157	684	9	are	be	AUX
cblr-7157	684	10	binding	bind	VERB
cblr-7157	684	11	on	on	ADP
cblr-7157	684	12	those	those	PRON
cblr-7157	684	13	who	who	PRON
cblr-7157	684	14	acquire	acquire	VERB
cblr-7157	684	15	it	it	PRON
cblr-7157	684	16	after	after	ADP
cblr-7157	684	17	transfer	transfer	NOUN
cblr-7157	684	18	,	,	PUNCT
cblr-7157	684	19	without	without	ADP
cblr-7157	684	20	the	the	DET
cblr-7157	684	21	need	need	NOUN
cblr-7157	684	22	for	for	ADP
cblr-7157	684	23	assignment	assignment	NOUN
cblr-7157	684	24	or	or	CCONJ
cblr-7157	684	25	assumption	assumption	NOUN
cblr-7157	684	26	agreements	agreement	NOUN
cblr-7157	684	27	,	,	PUNCT
cblr-7157	684	28	and	and	CCONJ
cblr-7157	684	29	that	that	PRON
cblr-7157	684	30	is	be	AUX
cblr-7157	684	31	the	the	DET
cblr-7157	684	32	core	core	ADJ
cblr-7157	684	33	property	property	NOUN
cblr-7157	684	34	aspect	aspect	NOUN
cblr-7157	684	35	of	of	ADP
cblr-7157	684	36	the	the	DET
cblr-7157	684	37	corporation	corporation	NOUN
cblr-7157	684	38	as	as	ADP
cblr-7157	684	39	a	a	DET
cblr-7157	684	40	legal	legal	ADJ
cblr-7157	684	41	institution.159	institution.159	NOUN
cblr-7157	684	42	the	the	DET
cblr-7157	684	43	key	key	ADJ
cblr-7157	684	44	transformation	transformation	NOUN
cblr-7157	684	45	effected	effect	VERB
cblr-7157	684	46	by	by	ADP
cblr-7157	684	47	the	the	DET
cblr-7157	684	48	corporation	corporation	NOUN
cblr-7157	684	49	,	,	PUNCT
cblr-7157	684	50	therefore	therefore	ADV
cblr-7157	684	51	,	,	PUNCT
cblr-7157	684	52	far	far	ADV
cblr-7157	684	53	from	from	ADP
cblr-7157	684	54	being	be	AUX
cblr-7157	684	55	a	a	DET
cblr-7157	684	56	transmutation	transmutation	NOUN
cblr-7157	684	57	from	from	ADP
cblr-7157	684	58	property	property	NOUN
cblr-7157	684	59	into	into	ADP
cblr-7157	684	60	contract	contract	NOUN
cblr-7157	684	61	,	,	PUNCT
cblr-7157	684	62	is	be	AUX
cblr-7157	684	63	actually	actually	ADV
cblr-7157	684	64	in	in	ADP
cblr-7157	684	65	the	the	DET
cblr-7157	684	66	opposite	opposite	ADJ
cblr-7157	684	67	direction	direction	NOUN
cblr-7157	684	68	:	:	PUNCT
cblr-7157	684	69	the	the	DET
cblr-7157	684	70	transformation	transformation	NOUN
cblr-7157	684	71	of	of	ADP
cblr-7157	684	72	in	in	ADP
cblr-7157	684	73	personam	personam	NOUN
cblr-7157	684	74	rights	right	NOUN
cblr-7157	684	75	into	into	ADP
cblr-7157	684	76	in	in	ADP
cblr-7157	684	77	rem	rem	NOUN
cblr-7157	684	78	rights	right	NOUN
cblr-7157	684	79	.	.	PUNCT
cblr-7157	685	1	there	there	PRON
cblr-7157	685	2	are	be	VERB
cblr-7157	685	3	two	two	NUM
cblr-7157	685	4	sides	side	NOUN
cblr-7157	685	5	to	to	ADP
cblr-7157	685	6	the	the	PRON
cblr-7157	685	7	in	in	ADP
cblr-7157	685	8	rem	rem	PUNCT
cblr-7157	685	9	nature	nature	NOUN
cblr-7157	685	10	of	of	ADP
cblr-7157	685	11	stock	stock	NOUN
cblr-7157	685	12	.	.	PUNCT
cblr-7157	686	1	one	one	NUM
cblr-7157	686	2	is	be	AUX
cblr-7157	686	3	that	that	SCONJ
cblr-7157	686	4	successors	successor	NOUN
cblr-7157	686	5	to	to	ADP
cblr-7157	686	6	the	the	DET
cblr-7157	686	7	stock	stock	NOUN
cblr-7157	686	8	acquire	acquire	VERB
cblr-7157	686	9	rights	right	NOUN
cblr-7157	686	10	good	good	ADJ
cblr-7157	686	11	against	against	ADP
cblr-7157	686	12	the	the	DET
cblr-7157	686	13	world	world	NOUN
cblr-7157	686	14	(	(	PUNCT
cblr-7157	686	15	limited	limited	ADJ
cblr-7157	686	16	liability	liability	NOUN
cblr-7157	686	17	and	and	CCONJ
cblr-7157	686	18	the	the	DET
cblr-7157	686	19	like	like	ADJ
cblr-7157	686	20	)	)	PUNCT
cblr-7157	686	21	.	.	PUNCT
cblr-7157	687	1	this	this	PRON
cblr-7157	687	2	in	in	ADP
cblr-7157	687	3	rem	rem	PUNCT
cblr-7157	687	4	feature	feature	NOUN
cblr-7157	687	5	of	of	ADP
cblr-7157	687	6	share	share	NOUN
cblr-7157	687	7	ownership	ownership	NOUN
cblr-7157	687	8	is	be	AUX
cblr-7157	687	9	one	one	NUM
cblr-7157	687	10	of	of	ADP
cblr-7157	687	11	the	the	DET
cblr-7157	687	12	important	important	ADJ
cblr-7157	687	13	property	property	NOUN
cblr-7157	687	14	features	feature	NOUN
cblr-7157	687	15	of	of	ADP
cblr-7157	687	16	the	the	DET
cblr-7157	687	17	corporation	corporation	NOUN
cblr-7157	687	18	that	that	PRON
cblr-7157	687	19	scholars	scholar	NOUN
cblr-7157	687	20	have	have	AUX
cblr-7157	687	21	previously	previously	ADV
cblr-7157	687	22	noted.160	noted.160	VERB
cblr-7157	687	23	the	the	DET
cblr-7157	687	24	other	other	ADJ
cblr-7157	687	25	side	side	NOUN
cblr-7157	687	26	,	,	PUNCT
cblr-7157	687	27	far	far	ADV
cblr-7157	687	28	less	less	ADV
cblr-7157	687	29	understood	understand	VERB
cblr-7157	687	30	,	,	PUNCT
cblr-7157	687	31	is	be	AUX
cblr-7157	687	32	that	that	SCONJ
cblr-7157	687	33	successors	successor	NOUN
cblr-7157	687	34	to	to	ADP
cblr-7157	687	35	the	the	DET
cblr-7157	687	36	stock	stock	NOUN
cblr-7157	687	37	inherit	inherit	VERB
cblr-7157	687	38	the	the	DET
cblr-7157	687	39	limitations	limitation	NOUN
cblr-7157	687	40	of	of	ADP
cblr-7157	687	41	159	159	NUM
cblr-7157	687	42	the	the	DET
cblr-7157	687	43	legal	legal	ADJ
cblr-7157	687	44	entity	entity	NOUN
cblr-7157	687	45	also	also	ADV
cblr-7157	687	46	facilitates	facilitate	VERB
cblr-7157	687	47	the	the	DET
cblr-7157	687	48	transfer	transfer	NOUN
cblr-7157	687	49	of	of	ADP
cblr-7157	687	50	the	the	DET
cblr-7157	687	51	underlying	underlie	VERB
cblr-7157	687	52	contract	contract	NOUN
cblr-7157	687	53	interests	interest	NOUN
cblr-7157	687	54	held	hold	VERB
cblr-7157	687	55	by	by	ADP
cblr-7157	687	56	the	the	DET
cblr-7157	687	57	corporation	corporation	NOUN
cblr-7157	687	58	as	as	ADP
cblr-7157	687	59	a	a	DET
cblr-7157	687	60	“	"	PUNCT
cblr-7157	687	61	bundle	bundle	NOUN
cblr-7157	687	62	,	,	PUNCT
cblr-7157	687	63	”	"	PUNCT
cblr-7157	687	64	which	which	PRON
cblr-7157	687	65	provides	provide	VERB
cblr-7157	687	66	for	for	ADP
cblr-7157	687	67	transferability	transferability	NOUN
cblr-7157	687	68	for	for	ADP
cblr-7157	687	69	the	the	DET
cblr-7157	687	70	original	original	ADJ
cblr-7157	687	71	owner	owner	NOUN
cblr-7157	687	72	(	(	PUNCT
cblr-7157	687	73	free	free	ADJ
cblr-7157	687	74	from	from	ADP
cblr-7157	687	75	counterparty	counterparty	NOUN
cblr-7157	687	76	holdup	holdup	NOUN
cblr-7157	687	77	problems	problem	NOUN
cblr-7157	687	78	)	)	PUNCT
cblr-7157	687	79	as	as	ADV
cblr-7157	687	80	well	well	ADV
cblr-7157	687	81	as	as	ADP
cblr-7157	687	82	protection	protection	NOUN
cblr-7157	687	83	of	of	ADP
cblr-7157	687	84	counterparties	counterpartie	NOUN
cblr-7157	687	85	against	against	ADP
cblr-7157	687	86	the	the	DET
cblr-7157	687	87	opportunistic	opportunistic	ADJ
cblr-7157	687	88	transfer	transfer	NOUN
cblr-7157	687	89	of	of	ADP
cblr-7157	687	90	contracts	contract	NOUN
cblr-7157	687	91	by	by	ADP
cblr-7157	687	92	the	the	DET
cblr-7157	687	93	owner	owner	NOUN
cblr-7157	687	94	(	(	PUNCT
cblr-7157	687	95	because	because	SCONJ
cblr-7157	687	96	they	they	PRON
cblr-7157	687	97	must	must	AUX
cblr-7157	687	98	be	be	AUX
cblr-7157	687	99	transferred	transfer	VERB
cblr-7157	687	100	as	as	ADP
cblr-7157	687	101	a	a	DET
cblr-7157	687	102	bundle	bundle	NOUN
cblr-7157	687	103	)	)	PUNCT
cblr-7157	687	104	.	.	PUNCT
cblr-7157	688	1	see	see	VERB
cblr-7157	688	2	kenneth	kenneth	PROPN
cblr-7157	688	3	ayotte	ayotte	PROPN
cblr-7157	688	4	&	&	CCONJ
cblr-7157	688	5	henry	henry	PROPN
cblr-7157	688	6	hansmann	hansmann	PROPN
cblr-7157	688	7	,	,	PUNCT
cblr-7157	688	8	legal	legal	ADJ
cblr-7157	688	9	entities	entity	NOUN
cblr-7157	688	10	as	as	ADP
cblr-7157	688	11	transferable	transferable	ADJ
cblr-7157	688	12	bundles	bundle	NOUN
cblr-7157	688	13	of	of	ADP
cblr-7157	688	14	contracts	contract	NOUN
cblr-7157	688	15	,	,	PUNCT
cblr-7157	688	16	111	111	NUM
cblr-7157	688	17	mich	mich	NOUN
cblr-7157	688	18	.	.	PUNCT
cblr-7157	689	1	l.	l.	PROPN
cblr-7157	689	2	rev	rev	PROPN
cblr-7157	689	3	.	.	PROPN
cblr-7157	689	4	715	715	NUM
cblr-7157	689	5	,	,	PUNCT
cblr-7157	689	6	717–18	717–18	NUM
cblr-7157	689	7	(	(	PUNCT
cblr-7157	689	8	2013	2013	NUM
cblr-7157	689	9	)	)	PUNCT
cblr-7157	689	10	.	.	PUNCT
cblr-7157	690	1	ayotte	ayotte	PROPN
cblr-7157	690	2	and	and	CCONJ
cblr-7157	690	3	hansmann	hansmann	PROPN
cblr-7157	690	4	adopt	adopt	VERB
cblr-7157	690	5	a	a	DET
cblr-7157	690	6	pure	pure	ADJ
cblr-7157	690	7	“	"	PUNCT
cblr-7157	690	8	nexus	nexus	NOUN
cblr-7157	690	9	of	of	ADP
cblr-7157	690	10	contracts	contract	NOUN
cblr-7157	690	11	”	"	PUNCT
cblr-7157	690	12	perspective	perspective	NOUN
cblr-7157	690	13	,	,	PUNCT
cblr-7157	690	14	and	and	CCONJ
cblr-7157	690	15	still	still	ADV
cblr-7157	690	16	recognize	recognize	VERB
cblr-7157	690	17	the	the	DET
cblr-7157	690	18	unique	unique	ADJ
cblr-7157	690	19	legal	legal	ADJ
cblr-7157	690	20	value	value	NOUN
cblr-7157	690	21	of	of	ADP
cblr-7157	690	22	the	the	DET
cblr-7157	690	23	entity	entity	NOUN
cblr-7157	690	24	in	in	ADP
cblr-7157	690	25	encapsulating	encapsulate	VERB
cblr-7157	690	26	contract	contract	NOUN
cblr-7157	690	27	rights	right	NOUN
cblr-7157	690	28	within	within	ADP
cblr-7157	690	29	a	a	DET
cblr-7157	690	30	structure	structure	NOUN
cblr-7157	690	31	that	that	PRON
cblr-7157	690	32	is	be	AUX
cblr-7157	690	33	property	property	NOUN
cblr-7157	690	34	-	-	PUNCT
cblr-7157	690	35	like	like	ADJ
cblr-7157	690	36	.	.	PUNCT
cblr-7157	691	1	see	see	VERB
cblr-7157	691	2	i	i	PRON
cblr-7157	691	3	d.	d.	PROPN
cblr-7157	691	4	at	at	ADP
cblr-7157	691	5	725	725	NUM
cblr-7157	691	6	.	.	PUNCT
cblr-7157	692	1	160	160	NUM
cblr-7157	692	2	see	see	VERB
cblr-7157	692	3	joo	joo	NOUN
cblr-7157	692	4	,	,	PUNCT
cblr-7157	692	5	supra	supra	PROPN
cblr-7157	692	6	note	note	PROPN
cblr-7157	692	7	1	1	NUM
cblr-7157	692	8	,	,	PUNCT
cblr-7157	692	9	at	at	ADP
cblr-7157	692	10	810	810	NUM
cblr-7157	692	11	.	.	PUNCT
cblr-7157	693	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	693	2	(	(	PUNCT
cblr-7157	693	3	do	do	AUX
cblr-7157	693	4	not	not	PART
cblr-7157	693	5	delete	delete	VERB
cblr-7157	693	6	)	)	PUNCT
cblr-7157	693	7	10/2/2020	10/2/2020	NUM
cblr-7157	693	8	11:44	11:44	NUM
cblr-7157	693	9	am	be	AUX
cblr-7157	693	10	no	no	NOUN
cblr-7157	693	11	.	.	PUNCT
cblr-7157	693	12	1:1	1:1	NUM
cblr-7157	693	13	]	]	X
cblr-7157	693	14	a	a	DET
cblr-7157	693	15	property	property	NOUN
cblr-7157	693	16	theory	theory	NOUN
cblr-7157	693	17	47	47	NUM
cblr-7157	693	18	share	share	NOUN
cblr-7157	693	19	ownership	ownership	NOUN
cblr-7157	693	20	,	,	PUNCT
cblr-7157	693	21	just	just	ADV
cblr-7157	693	22	as	as	ADP
cblr-7157	693	23	those	those	PRON
cblr-7157	693	24	who	who	PRON
cblr-7157	693	25	acquire	acquire	VERB
cblr-7157	693	26	property	property	NOUN
cblr-7157	693	27	subject	subject	NOUN
cblr-7157	693	28	to	to	ADP
cblr-7157	693	29	a	a	DET
cblr-7157	693	30	servitude	servitude	NOUN
cblr-7157	693	31	.	.	PUNCT
cblr-7157	694	1	this	this	PRON
cblr-7157	694	2	is	be	AUX
cblr-7157	694	3	also	also	ADV
cblr-7157	694	4	an	an	DET
cblr-7157	694	5	aspect	aspect	NOUN
cblr-7157	694	6	of	of	ADP
cblr-7157	694	7	the	the	DET
cblr-7157	694	8	in	in	ADP
cblr-7157	694	9	rem	rem	NOUN
cblr-7157	694	10	relationship	relationship	NOUN
cblr-7157	694	11	,	,	PUNCT
cblr-7157	694	12	although	although	SCONJ
cblr-7157	694	13	one	one	NUM
cblr-7157	694	14	not	not	PART
cblr-7157	694	15	often	often	ADV
cblr-7157	694	16	appreciated	appreciate	VERB
cblr-7157	694	17	,	,	PUNCT
cblr-7157	694	18	because	because	SCONJ
cblr-7157	694	19	servitudes	servitude	NOUN
cblr-7157	694	20	are	be	AUX
cblr-7157	694	21	themselves	themselves	PRON
cblr-7157	694	22	in	in	ADP
cblr-7157	694	23	rem	rem	VERB
cblr-7157	694	24	in	in	ADP
cblr-7157	694	25	a	a	DET
cblr-7157	694	26	sense.161	sense.161	ADJ
cblr-7157	694	27	both	both	DET
cblr-7157	694	28	sides	side	NOUN
cblr-7157	694	29	of	of	ADP
cblr-7157	694	30	this	this	PRON
cblr-7157	694	31	in	in	ADP
cblr-7157	694	32	rem	rem	NOUN
cblr-7157	694	33	-	-	NOUN
cblr-7157	694	34	ification	ification	NOUN
cblr-7157	694	35	of	of	ADP
cblr-7157	694	36	corporate	corporate	ADJ
cblr-7157	694	37	stock	stock	NOUN
cblr-7157	694	38	apply	apply	VERB
cblr-7157	694	39	to	to	ADP
cblr-7157	694	40	successor	successor	NOUN
cblr-7157	694	41	owners	owner	NOUN
cblr-7157	694	42	of	of	ADP
cblr-7157	694	43	the	the	DET
cblr-7157	694	44	stock	stock	NOUN
cblr-7157	694	45	without	without	ADP
cblr-7157	694	46	any	any	PRON
cblr-7157	694	47	in	in	ADP
cblr-7157	694	48	personam	personam	NOUN
cblr-7157	694	49	agreement	agreement	NOUN
cblr-7157	694	50	.	.	PUNCT
cblr-7157	695	1	that	that	PRON
cblr-7157	695	2	is	be	AUX
cblr-7157	695	3	what	what	PRON
cblr-7157	695	4	makes	make	VERB
cblr-7157	695	5	freely	freely	ADV
cblr-7157	695	6	tradeable	tradeable	ADJ
cblr-7157	695	7	public	public	ADJ
cblr-7157	695	8	corporations	corporation	NOUN
cblr-7157	695	9	possible	possible	ADJ
cblr-7157	695	10	.	.	PUNCT
cblr-7157	696	1	the	the	DET
cblr-7157	696	2	corporation	corporation	NOUN
cblr-7157	696	3	as	as	ADP
cblr-7157	696	4	an	an	DET
cblr-7157	696	5	ownership	ownership	NOUN
cblr-7157	696	6	structure	structure	NOUN
cblr-7157	696	7	is	be	AUX
cblr-7157	696	8	most	most	ADV
cblr-7157	696	9	clearly	clearly	ADV
cblr-7157	696	10	seen	see	VERB
cblr-7157	696	11	by	by	ADP
cblr-7157	696	12	examining	examine	VERB
cblr-7157	696	13	the	the	DET
cblr-7157	696	14	alternative	alternative	ADJ
cblr-7157	696	15	arrangement	arrangement	NOUN
cblr-7157	696	16	.	.	PUNCT
cblr-7157	697	1	the	the	DET
cblr-7157	697	2	alternative	alternative	NOUN
cblr-7157	697	3	to	to	ADP
cblr-7157	697	4	a	a	DET
cblr-7157	697	5	corporation	corporation	NOUN
cblr-7157	697	6	is	be	AUX
cblr-7157	697	7	an	an	DET
cblr-7157	697	8	individual	individual	ADJ
cblr-7157	697	9	or	or	CCONJ
cblr-7157	697	10	multiple	multiple	ADJ
cblr-7157	697	11	individuals	individual	NOUN
cblr-7157	697	12	owning	own	VERB
cblr-7157	697	13	a	a	DET
cblr-7157	697	14	business	business	NOUN
cblr-7157	697	15	’s	’s	PART
cblr-7157	697	16	assets	asset	NOUN
cblr-7157	697	17	jointly	jointly	ADV
cblr-7157	697	18	and	and	CCONJ
cblr-7157	697	19	making	make	VERB
cblr-7157	697	20	contracts	contract	NOUN
cblr-7157	697	21	jointly	jointly	ADV
cblr-7157	697	22	as	as	ADP
cblr-7157	697	23	a	a	DET
cblr-7157	697	24	group	group	NOUN
cblr-7157	697	25	.	.	PUNCT
cblr-7157	698	1	however	however	ADV
cblr-7157	698	2	,	,	PUNCT
cblr-7157	698	3	as	as	SCONJ
cblr-7157	698	4	discussed	discuss	VERB
cblr-7157	698	5	in	in	ADP
cblr-7157	698	6	section	section	NOUN
cblr-7157	698	7	iii.c	iii.c	PROPN
cblr-7157	698	8	below	below	ADV
cblr-7157	698	9	,	,	PUNCT
cblr-7157	698	10	many	many	ADJ
cblr-7157	698	11	important	important	ADJ
cblr-7157	698	12	property	property	NOUN
cblr-7157	698	13	-	-	PUNCT
cblr-7157	698	14	like	like	ADJ
cblr-7157	698	15	features	feature	NOUN
cblr-7157	698	16	of	of	ADP
cblr-7157	698	17	the	the	DET
cblr-7157	698	18	corporation	corporation	NOUN
cblr-7157	698	19	could	could	AUX
cblr-7157	698	20	not	not	PART
cblr-7157	698	21	be	be	AUX
cblr-7157	698	22	replicated	replicate	VERB
cblr-7157	698	23	by	by	ADP
cblr-7157	698	24	contractual	contractual	ADJ
cblr-7157	698	25	agreements	agreement	NOUN
cblr-7157	698	26	among	among	ADP
cblr-7157	698	27	coowners	coowner	NOUN
cblr-7157	698	28	.	.	PUNCT
cblr-7157	699	1	such	such	DET
cblr-7157	699	2	an	an	DET
cblr-7157	699	3	arrangement	arrangement	NOUN
cblr-7157	699	4	would	would	AUX
cblr-7157	699	5	imply	imply	VERB
cblr-7157	699	6	a	a	DET
cblr-7157	699	7	messy	messy	ADJ
cblr-7157	699	8	web	web	NOUN
cblr-7157	699	9	of	of	ADP
cblr-7157	699	10	proprietary	proprietary	ADJ
cblr-7157	699	11	and	and	CCONJ
cblr-7157	699	12	non	non	ADJ
cblr-7157	699	13	-	-	ADJ
cblr-7157	699	14	proprietary	proprietary	ADJ
cblr-7157	699	15	relationships	relationship	NOUN
cblr-7157	699	16	among	among	ADP
cblr-7157	699	17	many	many	ADJ
cblr-7157	699	18	different	different	ADJ
cblr-7157	699	19	co	co	NOUN
cblr-7157	699	20	-	-	NOUN
cblr-7157	699	21	owners	owner	NOUN
cblr-7157	699	22	of	of	ADP
cblr-7157	699	23	property	property	NOUN
cblr-7157	699	24	.	.	PUNCT
cblr-7157	700	1	thus	thus	ADV
cblr-7157	700	2	,	,	PUNCT
cblr-7157	700	3	the	the	DET
cblr-7157	700	4	corporation	corporation	NOUN
cblr-7157	700	5	serves	serve	VERB
cblr-7157	700	6	as	as	ADP
cblr-7157	700	7	a	a	DET
cblr-7157	700	8	form	form	NOUN
cblr-7157	700	9	of	of	ADP
cblr-7157	700	10	ownership	ownership	NOUN
cblr-7157	700	11	that	that	PRON
cblr-7157	700	12	bundles	bundle	NOUN
cblr-7157	700	13	together	together	ADV
cblr-7157	700	14	messy	messy	ADJ
cblr-7157	700	15	aggregations	aggregation	NOUN
cblr-7157	700	16	of	of	ADP
cblr-7157	700	17	rights	right	NOUN
cblr-7157	700	18	into	into	ADP
cblr-7157	700	19	a	a	DET
cblr-7157	700	20	tidy	tidy	ADJ
cblr-7157	700	21	,	,	PUNCT
cblr-7157	700	22	divisible	divisible	ADJ
cblr-7157	700	23	,	,	PUNCT
cblr-7157	700	24	transferable	transferable	ADJ
cblr-7157	700	25	unit	unit	NOUN
cblr-7157	700	26	of	of	ADP
cblr-7157	700	27	ownership	ownership	NOUN
cblr-7157	700	28	in	in	ADP
cblr-7157	700	29	the	the	DET
cblr-7157	700	30	form	form	NOUN
cblr-7157	700	31	of	of	ADP
cblr-7157	700	32	shares	share	NOUN
cblr-7157	700	33	.	.	PUNCT
cblr-7157	701	1	by	by	ADP
cblr-7157	701	2	converting	convert	VERB
cblr-7157	701	3	contract	contract	NOUN
cblr-7157	701	4	rights	right	NOUN
cblr-7157	701	5	into	into	ADP
cblr-7157	701	6	property	property	NOUN
cblr-7157	701	7	rights	right	NOUN
cblr-7157	701	8	,	,	PUNCT
cblr-7157	701	9	the	the	DET
cblr-7157	701	10	corporation	corporation	NOUN
cblr-7157	701	11	gives	give	VERB
cblr-7157	701	12	personam	personam	NOUN
cblr-7157	701	13	rights	right	NOUN
cblr-7157	701	14	an	an	DET
cblr-7157	701	15	in	in	ADP
cblr-7157	701	16	rem	rem	NOUN
cblr-7157	701	17	character	character	NOUN
cblr-7157	701	18	that	that	PRON
cblr-7157	701	19	facilitates	facilitate	VERB
cblr-7157	701	20	capital	capital	NOUN
cblr-7157	701	21	formation.162	formation.162	NOUN
cblr-7157	701	22	the	the	DET
cblr-7157	701	23	fact	fact	NOUN
cblr-7157	701	24	that	that	SCONJ
cblr-7157	701	25	the	the	DET
cblr-7157	701	26	corporation	corporation	NOUN
cblr-7157	701	27	can	can	AUX
cblr-7157	701	28	be	be	AUX
cblr-7157	701	29	seen	see	VERB
cblr-7157	701	30	as	as	ADP
cblr-7157	701	31	an	an	DET
cblr-7157	701	32	ownership	ownership	NOUN
cblr-7157	701	33	structure	structure	NOUN
cblr-7157	701	34	—	—	PUNCT
cblr-7157	701	35	a	a	DET
cblr-7157	701	36	distinct	distinct	ADJ
cblr-7157	701	37	form	form	NOUN
cblr-7157	701	38	of	of	ADP
cblr-7157	701	39	property	property	NOUN
cblr-7157	701	40	ownership	ownership	NOUN
cblr-7157	701	41	—	—	PUNCT
cblr-7157	701	42	explains	explain	VERB
cblr-7157	701	43	why	why	SCONJ
cblr-7157	701	44	calling	call	VERB
cblr-7157	701	45	shareholders	shareholder	NOUN
cblr-7157	701	46	the	the	DET
cblr-7157	701	47	“	"	PUNCT
cblr-7157	701	48	owners	owner	NOUN
cblr-7157	701	49	”	"	PUNCT
cblr-7157	701	50	of	of	ADP
cblr-7157	701	51	the	the	DET
cblr-7157	701	52	corporation	corporation	NOUN
cblr-7157	701	53	is	be	AUX
cblr-7157	701	54	161	161	NUM
cblr-7157	701	55	glen	glen	PROPN
cblr-7157	701	56	o.	o.	PROPN
cblr-7157	701	57	robinson	robinson	PROPN
cblr-7157	701	58	,	,	PUNCT
cblr-7157	701	59	personal	personal	ADJ
cblr-7157	701	60	property	property	NOUN
cblr-7157	701	61	servitudes	servitude	NOUN
cblr-7157	701	62	,	,	PUNCT
cblr-7157	701	63	71	71	NUM
cblr-7157	701	64	u.	u.	NOUN
cblr-7157	701	65	chi	chi	PROPN
cblr-7157	701	66	.	.	PUNCT
cblr-7157	702	1	l.	l.	PROPN
cblr-7157	702	2	rev	rev	PROPN
cblr-7157	702	3	.	.	PROPN
cblr-7157	702	4	1449	1449	NUM
cblr-7157	702	5	,	,	PUNCT
cblr-7157	702	6	1467	1467	NUM
cblr-7157	702	7	(	(	PUNCT
cblr-7157	702	8	2004	2004	NUM
cblr-7157	702	9	)	)	PUNCT
cblr-7157	702	10	(	(	PUNCT
cblr-7157	702	11	“	"	PUNCT
cblr-7157	702	12	[	[	X
cblr-7157	702	13	i]t	i]t	NOUN
cblr-7157	702	14	is	be	AUX
cblr-7157	702	15	in	in	ADP
cblr-7157	702	16	the	the	DET
cblr-7157	702	17	nature	nature	NOUN
cblr-7157	702	18	of	of	ADP
cblr-7157	702	19	property	property	NOUN
cblr-7157	702	20	servitudes	servitude	NOUN
cblr-7157	702	21	that	that	SCONJ
cblr-7157	702	22	they	they	PRON
cblr-7157	702	23	create	create	VERB
cblr-7157	702	24	in	in	ADP
cblr-7157	702	25	rem	rem	PUNCT
cblr-7157	702	26	obligations	obligation	NOUN
cblr-7157	702	27	binding	bind	VERB
cblr-7157	702	28	on	on	ADP
cblr-7157	702	29	persons	person	NOUN
cblr-7157	702	30	who	who	PRON
cblr-7157	702	31	otherwise	otherwise	ADV
cblr-7157	702	32	have	have	VERB
cblr-7157	702	33	no	no	DET
cblr-7157	702	34	relationship	relationship	NOUN
cblr-7157	702	35	to	to	ADP
cblr-7157	702	36	the	the	DET
cblr-7157	702	37	creator	creator	NOUN
cblr-7157	702	38	of	of	ADP
cblr-7157	702	39	the	the	DET
cblr-7157	702	40	obligation	obligation	NOUN
cblr-7157	702	41	.	.	PUNCT
cblr-7157	702	42	”	"	PUNCT
cblr-7157	702	43	)	)	PUNCT
cblr-7157	702	44	.	.	PUNCT
cblr-7157	703	1	162	162	NUM
cblr-7157	703	2	this	this	DET
cblr-7157	703	3	view	view	NOUN
cblr-7157	703	4	is	be	AUX
cblr-7157	703	5	largely	largely	ADV
cblr-7157	703	6	consistent	consistent	ADJ
cblr-7157	703	7	with	with	ADP
cblr-7157	703	8	amnon	amnon	NOUN
cblr-7157	703	9	lehavi	lehavi	NOUN
cblr-7157	703	10	’s	’s	PART
cblr-7157	703	11	conception	conception	NOUN
cblr-7157	703	12	of	of	ADP
cblr-7157	703	13	the	the	DET
cblr-7157	703	14	corporation	corporation	NOUN
cblr-7157	703	15	as	as	ADP
cblr-7157	703	16	a	a	DET
cblr-7157	703	17	“	"	PUNCT
cblr-7157	703	18	nexus	nexus	NOUN
cblr-7157	703	19	of	of	ADP
cblr-7157	703	20	property	property	NOUN
cblr-7157	703	21	”	"	PUNCT
cblr-7157	703	22	or	or	CCONJ
cblr-7157	703	23	a	a	DET
cblr-7157	703	24	“	"	PUNCT
cblr-7157	703	25	property	property	NOUN
cblr-7157	703	26	microcosm	microcosm	NOUN
cblr-7157	703	27	”	"	PUNCT
cblr-7157	703	28	in	in	ADP
cblr-7157	703	29	which	which	PRON
cblr-7157	703	30	“	"	PUNCT
cblr-7157	703	31	rights	right	NOUN
cblr-7157	703	32	and	and	CCONJ
cblr-7157	703	33	duties	duty	NOUN
cblr-7157	703	34	can	can	AUX
cblr-7157	703	35	be	be	AUX
cblr-7157	703	36	structured	structure	VERB
cblr-7157	703	37	so	so	SCONJ
cblr-7157	703	38	as	as	SCONJ
cblr-7157	703	39	to	to	PART
cblr-7157	703	40	have	have	VERB
cblr-7157	703	41	an	an	DET
cblr-7157	703	42	in	in	ADP
cblr-7157	703	43	rem	rem	NOUN
cblr-7157	703	44	effect	effect	NOUN
cblr-7157	703	45	.	.	PUNCT
cblr-7157	703	46	”	"	PUNCT
cblr-7157	704	1	amnon	amnon	NOUN
cblr-7157	704	2	lehavi	lehavi	PROPN
cblr-7157	704	3	,	,	PUNCT
cblr-7157	704	4	the	the	DET
cblr-7157	704	5	construction	construction	NOUN
cblr-7157	704	6	of	of	ADP
cblr-7157	704	7	property	property	NOUN
cblr-7157	704	8	:	:	PUNCT
cblr-7157	704	9	norms	norm	NOUN
cblr-7157	704	10	,	,	PUNCT
cblr-7157	704	11	institutions	institution	NOUN
cblr-7157	704	12	,	,	PUNCT
cblr-7157	704	13	challenges	challenge	VERB
cblr-7157	704	14	196	196	NUM
cblr-7157	704	15	(	(	PUNCT
cblr-7157	704	16	2013	2013	NUM
cblr-7157	704	17	)	)	PUNCT
cblr-7157	704	18	.	.	PUNCT
cblr-7157	705	1	one	one	NUM
cblr-7157	705	2	key	key	ADJ
cblr-7157	705	3	difference	difference	NOUN
cblr-7157	705	4	between	between	ADP
cblr-7157	705	5	lehavi	lehavi	NOUN
cblr-7157	705	6	’s	’s	PART
cblr-7157	705	7	approach	approach	NOUN
cblr-7157	705	8	and	and	CCONJ
cblr-7157	705	9	that	that	SCONJ
cblr-7157	705	10	taken	take	VERB
cblr-7157	705	11	in	in	ADP
cblr-7157	705	12	this	this	DET
cblr-7157	705	13	article	article	NOUN
cblr-7157	705	14	is	be	AUX
cblr-7157	705	15	that	that	SCONJ
cblr-7157	705	16	lehavi	lehavi	NOUN
cblr-7157	705	17	distances	distance	NOUN
cblr-7157	705	18	himself	himself	PRON
cblr-7157	705	19	from	from	ADP
cblr-7157	705	20	the	the	DET
cblr-7157	705	21	“	"	PUNCT
cblr-7157	705	22	right	right	NOUN
cblr-7157	705	23	to	to	PART
cblr-7157	705	24	exclude	exclude	VERB
cblr-7157	705	25	”	"	PUNCT
cblr-7157	705	26	as	as	ADP
cblr-7157	705	27	the	the	DET
cblr-7157	705	28	“	"	PUNCT
cblr-7157	705	29	essential	essential	ADJ
cblr-7157	705	30	”	"	PUNCT
cblr-7157	705	31	property	property	NOUN
cblr-7157	705	32	trait	trait	NOUN
cblr-7157	705	33	in	in	ADP
cblr-7157	705	34	the	the	DET
cblr-7157	705	35	corporation	corporation	NOUN
cblr-7157	705	36	,	,	PUNCT
cblr-7157	705	37	whereas	whereas	SCONJ
cblr-7157	705	38	this	this	DET
cblr-7157	705	39	article	article	NOUN
cblr-7157	705	40	builds	build	VERB
cblr-7157	705	41	its	its	PRON
cblr-7157	705	42	analysis	analysis	NOUN
cblr-7157	705	43	largely	largely	ADV
cblr-7157	705	44	on	on	ADP
cblr-7157	705	45	that	that	DET
cblr-7157	705	46	property	property	NOUN
cblr-7157	705	47	characteristic	characteristic	NOUN
cblr-7157	705	48	.	.	PUNCT
cblr-7157	706	1	see	see	VERB
cblr-7157	706	2	i	i	PRON
cblr-7157	706	3	d.	d.	PROPN
cblr-7157	706	4	at	at	ADP
cblr-7157	706	5	202	202	NUM
cblr-7157	706	6	.	.	PUNCT
cblr-7157	707	1	specifically	specifically	ADV
cblr-7157	707	2	,	,	PUNCT
cblr-7157	707	3	lehavi	lehavi	PROPN
cblr-7157	707	4	argues	argue	VERB
cblr-7157	707	5	that	that	SCONJ
cblr-7157	707	6	the	the	DET
cblr-7157	707	7	right	right	NOUN
cblr-7157	707	8	to	to	PART
cblr-7157	707	9	exclude	exclude	VERB
cblr-7157	707	10	“	"	PUNCT
cblr-7157	707	11	does	do	AUX
cblr-7157	707	12	not	not	PART
cblr-7157	707	13	seem	seem	VERB
cblr-7157	707	14	to	to	PART
cblr-7157	707	15	be	be	AUX
cblr-7157	707	16	at	at	ADP
cblr-7157	707	17	the	the	DET
cblr-7157	707	18	core	core	NOUN
cblr-7157	707	19	of	of	ADP
cblr-7157	707	20	the	the	DET
cblr-7157	707	21	business	business	NOUN
cblr-7157	707	22	corporation	corporation	NOUN
cblr-7157	707	23	.	.	PUNCT
cblr-7157	707	24	”	"	PUNCT
cblr-7157	708	1	i	i	PRON
cblr-7157	708	2	d.	d.	VERB
cblr-7157	708	3	the	the	DET
cblr-7157	708	4	two	two	NUM
cblr-7157	708	5	analyses	analysis	NOUN
cblr-7157	708	6	are	be	AUX
cblr-7157	708	7	completely	completely	ADV
cblr-7157	708	8	consistent	consistent	ADJ
cblr-7157	708	9	,	,	PUNCT
cblr-7157	708	10	however	however	ADV
cblr-7157	708	11	,	,	PUNCT
cblr-7157	708	12	in	in	ADP
cblr-7157	708	13	emphasizing	emphasize	VERB
cblr-7157	708	14	the	the	DET
cblr-7157	708	15	in	in	ADP
cblr-7157	708	16	rem	rem	NOUN
cblr-7157	708	17	function	function	NOUN
cblr-7157	708	18	of	of	ADP
cblr-7157	708	19	the	the	DET
cblr-7157	708	20	corporate	corporate	ADJ
cblr-7157	708	21	entity	entity	NOUN
cblr-7157	708	22	.	.	PUNCT
cblr-7157	709	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	709	2	(	(	PUNCT
cblr-7157	709	3	do	do	AUX
cblr-7157	709	4	not	not	PART
cblr-7157	709	5	delte	delte	VERB
cblr-7157	709	6	)	)	PUNCT
cblr-7157	709	7	10/2/2020	10/2/2020	NUM
cblr-7157	709	8	11:44	11:44	NUM
cblr-7157	709	9	am	am	NOUN
cblr-7157	709	10	48	48	NUM
cblr-7157	709	11	columbia	columbia	PROPN
cblr-7157	709	12	business	business	NOUN
cblr-7157	709	13	law	law	PROPN
cblr-7157	709	14	review	review	NOUN
cblr-7157	710	1	[	[	X
cblr-7157	710	2	vol	vol	NOUN
cblr-7157	710	3	.	.	PUNCT
cblr-7157	710	4	2020	2020	NUM
cblr-7157	710	5	unwieldy	unwieldy	ADJ
cblr-7157	710	6	;	;	PUNCT
cblr-7157	710	7	it	it	PRON
cblr-7157	710	8	does	do	AUX
cblr-7157	710	9	not	not	PART
cblr-7157	710	10	mesh	mesh	VERB
cblr-7157	710	11	well	well	ADV
cblr-7157	710	12	with	with	ADP
cblr-7157	710	13	the	the	DET
cblr-7157	710	14	reality	reality	NOUN
cblr-7157	710	15	of	of	ADP
cblr-7157	710	16	owning	own	VERB
cblr-7157	710	17	corporate	corporate	ADJ
cblr-7157	710	18	shares	share	NOUN
cblr-7157	710	19	.	.	PUNCT
cblr-7157	711	1	the	the	DET
cblr-7157	711	2	corporation	corporation	NOUN
cblr-7157	711	3	is	be	AUX
cblr-7157	711	4	not	not	PART
cblr-7157	711	5	owned	own	VERB
cblr-7157	711	6	by	by	ADP
cblr-7157	711	7	the	the	DET
cblr-7157	711	8	shareholders	shareholder	NOUN
cblr-7157	711	9	;	;	PUNCT
cblr-7157	711	10	it	it	PRON
cblr-7157	711	11	is	be	AUX
cblr-7157	711	12	only	only	ADV
cblr-7157	711	13	an	an	DET
cblr-7157	711	14	organizational	organizational	ADJ
cblr-7157	711	15	tool	tool	NOUN
cblr-7157	711	16	that	that	PRON
cblr-7157	711	17	allows	allow	VERB
cblr-7157	711	18	shareholders	shareholder	NOUN
cblr-7157	711	19	to	to	PART
cblr-7157	711	20	impersonally	impersonally	ADV
cblr-7157	711	21	own	own	VERB
cblr-7157	711	22	business	business	NOUN
cblr-7157	711	23	assets	asset	NOUN
cblr-7157	711	24	.	.	PUNCT
cblr-7157	712	1	thinking	think	VERB
cblr-7157	712	2	of	of	ADP
cblr-7157	712	3	other	other	ADJ
cblr-7157	712	4	forms	form	NOUN
cblr-7157	712	5	of	of	ADP
cblr-7157	712	6	ownership	ownership	NOUN
cblr-7157	712	7	,	,	PUNCT
cblr-7157	712	8	one	one	PRON
cblr-7157	712	9	does	do	AUX
cblr-7157	712	10	not	not	PART
cblr-7157	712	11	generally	generally	ADV
cblr-7157	712	12	talk	talk	VERB
cblr-7157	712	13	of	of	ADP
cblr-7157	712	14	“	"	PUNCT
cblr-7157	712	15	owning	own	VERB
cblr-7157	712	16	”	"	PUNCT
cblr-7157	712	17	a	a	DET
cblr-7157	712	18	fee	fee	NOUN
cblr-7157	712	19	simple	simple	ADJ
cblr-7157	712	20	or	or	CCONJ
cblr-7157	712	21	“	"	PUNCT
cblr-7157	712	22	owning	own	VERB
cblr-7157	712	23	”	"	PUNCT
cblr-7157	712	24	a	a	DET
cblr-7157	712	25	tenancy	tenancy	NOUN
cblr-7157	712	26	in	in	ADP
cblr-7157	712	27	common	common	ADJ
cblr-7157	712	28	.	.	PUNCT
cblr-7157	713	1	one	one	NUM
cblr-7157	713	2	talks	talk	NOUN
cblr-7157	713	3	about	about	ADP
cblr-7157	713	4	holding	hold	VERB
cblr-7157	713	5	property	property	NOUN
cblr-7157	713	6	in	in	ADP
cblr-7157	713	7	fee	fee	NOUN
cblr-7157	713	8	simple	simple	ADJ
cblr-7157	713	9	or	or	CCONJ
cblr-7157	713	10	in	in	ADP
cblr-7157	713	11	a	a	DET
cblr-7157	713	12	tenancy	tenancy	NOUN
cblr-7157	713	13	in	in	ADP
cblr-7157	713	14	common	common	ADJ
cblr-7157	713	15	.	.	PUNCT
cblr-7157	714	1	similarly	similarly	ADV
cblr-7157	714	2	,	,	PUNCT
cblr-7157	714	3	one	one	PRON
cblr-7157	714	4	holds	hold	VERB
cblr-7157	714	5	the	the	DET
cblr-7157	714	6	business	business	NOUN
cblr-7157	714	7	assets	asset	NOUN
cblr-7157	714	8	of	of	ADP
cblr-7157	714	9	a	a	DET
cblr-7157	714	10	corporation	corporation	NOUN
cblr-7157	714	11	in	in	ADP
cblr-7157	714	12	shares	share	NOUN
cblr-7157	714	13	.	.	PUNCT
cblr-7157	715	1	in	in	ADP
cblr-7157	715	2	this	this	DET
cblr-7157	715	3	view	view	NOUN
cblr-7157	715	4	,	,	PUNCT
cblr-7157	715	5	the	the	DET
cblr-7157	715	6	corporation	corporation	NOUN
cblr-7157	715	7	is	be	AUX
cblr-7157	715	8	another	another	DET
cblr-7157	715	9	form	form	NOUN
cblr-7157	715	10	of	of	ADP
cblr-7157	715	11	ownership	ownership	NOUN
cblr-7157	715	12	,	,	PUNCT
cblr-7157	715	13	one	one	NOUN
cblr-7157	715	14	that	that	PRON
cblr-7157	715	15	is	be	AUX
cblr-7157	715	16	specialized	specialize	VERB
cblr-7157	715	17	for	for	ADP
cblr-7157	715	18	the	the	DET
cblr-7157	715	19	task	task	NOUN
cblr-7157	715	20	of	of	ADP
cblr-7157	715	21	allowing	allow	VERB
cblr-7157	715	22	for	for	ADP
cblr-7157	715	23	wide	wide	ADJ
cblr-7157	715	24	ownership	ownership	NOUN
cblr-7157	715	25	and	and	CCONJ
cblr-7157	715	26	free	free	ADJ
cblr-7157	715	27	transferability	transferability	NOUN
cblr-7157	715	28	of	of	ADP
cblr-7157	715	29	ownership	ownership	NOUN
cblr-7157	715	30	shares	share	NOUN
cblr-7157	715	31	.	.	PUNCT
cblr-7157	716	1	the	the	DET
cblr-7157	716	2	idea	idea	NOUN
cblr-7157	716	3	of	of	ADP
cblr-7157	716	4	the	the	DET
cblr-7157	716	5	corporation	corporation	NOUN
cblr-7157	716	6	as	as	ADP
cblr-7157	716	7	an	an	DET
cblr-7157	716	8	ownership	ownership	NOUN
cblr-7157	716	9	structure	structure	NOUN
cblr-7157	716	10	resonates	resonate	VERB
cblr-7157	716	11	with	with	ADP
cblr-7157	716	12	existing	exist	VERB
cblr-7157	716	13	property	property	NOUN
cblr-7157	716	14	theory	theory	NOUN
cblr-7157	716	15	across	across	ADP
cblr-7157	716	16	the	the	DET
cblr-7157	716	17	spectrum	spectrum	NOUN
cblr-7157	716	18	.	.	PUNCT
cblr-7157	717	1	even	even	ADV
cblr-7157	717	2	honoré	honoré	PROPN
cblr-7157	717	3	,	,	PUNCT
cblr-7157	717	4	who	who	PRON
cblr-7157	717	5	,	,	PUNCT
cblr-7157	717	6	as	as	SCONJ
cblr-7157	717	7	noted	note	VERB
cblr-7157	717	8	above	above	ADV
cblr-7157	717	9	,	,	PUNCT
cblr-7157	717	10	is	be	AUX
cblr-7157	717	11	often	often	ADV
cblr-7157	717	12	cited	cite	VERB
cblr-7157	717	13	as	as	ADP
cblr-7157	717	14	standing	stand	VERB
cblr-7157	717	15	against	against	ADP
cblr-7157	717	16	the	the	DET
cblr-7157	717	17	idea	idea	NOUN
cblr-7157	717	18	of	of	ADP
cblr-7157	717	19	ownership	ownership	NOUN
cblr-7157	717	20	interests	interest	NOUN
cblr-7157	717	21	in	in	ADP
cblr-7157	717	22	corporations	corporation	NOUN
cblr-7157	717	23	,	,	PUNCT
cblr-7157	717	24	described	describe	VERB
cblr-7157	717	25	them	they	PRON
cblr-7157	717	26	as	as	ADP
cblr-7157	717	27	a	a	DET
cblr-7157	717	28	form	form	NOUN
cblr-7157	717	29	of	of	ADP
cblr-7157	717	30	“	"	PUNCT
cblr-7157	717	31	split	split	ADJ
cblr-7157	717	32	ownership	ownership	NOUN
cblr-7157	717	33	.	.	PUNCT
cblr-7157	718	1	”163	”163	PUNCT
cblr-7157	719	1	but	but	CCONJ
cblr-7157	719	2	the	the	DET
cblr-7157	719	3	idea	idea	NOUN
cblr-7157	719	4	of	of	ADP
cblr-7157	719	5	a	a	DET
cblr-7157	719	6	corporation	corporation	NOUN
cblr-7157	719	7	as	as	ADP
cblr-7157	719	8	an	an	DET
cblr-7157	719	9	ownership	ownership	NOUN
cblr-7157	719	10	structure	structure	NOUN
cblr-7157	719	11	based	base	VERB
cblr-7157	719	12	in	in	ADP
cblr-7157	719	13	property	property	NOUN
cblr-7157	719	14	theory	theory	NOUN
cblr-7157	719	15	requires	require	VERB
cblr-7157	719	16	a	a	DET
cblr-7157	719	17	theoretical	theoretical	ADJ
cblr-7157	719	18	foundation	foundation	NOUN
cblr-7157	719	19	.	.	PUNCT
cblr-7157	720	1	the	the	DET
cblr-7157	720	2	following	follow	VERB
cblr-7157	720	3	sections	section	NOUN
cblr-7157	720	4	lay	lie	VERB
cblr-7157	720	5	that	that	DET
cblr-7157	720	6	foundation	foundation	NOUN
cblr-7157	720	7	.	.	PUNCT
cblr-7157	721	1	the	the	DET
cblr-7157	721	2	first	first	ADJ
cblr-7157	721	3	step	step	NOUN
cblr-7157	721	4	is	be	AUX
cblr-7157	721	5	to	to	PART
cblr-7157	721	6	establish	establish	VERB
cblr-7157	721	7	the	the	DET
cblr-7157	721	8	set	set	NOUN
cblr-7157	721	9	of	of	ADP
cblr-7157	721	10	rights	right	NOUN
cblr-7157	721	11	within	within	ADP
cblr-7157	721	12	a	a	DET
cblr-7157	721	13	property	property	NOUN
cblr-7157	721	14	framework	framework	NOUN
cblr-7157	721	15	that	that	PRON
cblr-7157	721	16	form	form	VERB
cblr-7157	721	17	the	the	DET
cblr-7157	721	18	foundation	foundation	NOUN
cblr-7157	721	19	of	of	ADP
cblr-7157	721	20	ownership	ownership	NOUN
cblr-7157	721	21	interests	interest	NOUN
cblr-7157	721	22	within	within	ADP
cblr-7157	721	23	the	the	DET
cblr-7157	721	24	corporation	corporation	NOUN
cblr-7157	721	25	.	.	PUNCT
cblr-7157	722	1	the	the	DET
cblr-7157	722	2	next	next	ADJ
cblr-7157	722	3	section	section	NOUN
cblr-7157	722	4	demonstrates	demonstrate	VERB
cblr-7157	722	5	that	that	SCONJ
cblr-7157	722	6	the	the	DET
cblr-7157	722	7	property	property	NOUN
cblr-7157	722	8	foundation	foundation	NOUN
cblr-7157	722	9	rests	rest	VERB
cblr-7157	722	10	on	on	ADP
cblr-7157	722	11	the	the	DET
cblr-7157	722	12	residual	residual	ADJ
cblr-7157	722	13	,	,	PUNCT
cblr-7157	722	14	uncontracted	uncontracte	VERB
cblr-7157	722	15	for	for	ADP
cblr-7157	722	16	voting	voting	NOUN
cblr-7157	722	17	rights	right	NOUN
cblr-7157	722	18	held	hold	VERB
cblr-7157	722	19	by	by	ADP
cblr-7157	722	20	common	common	ADJ
cblr-7157	722	21	shareholders	shareholder	NOUN
cblr-7157	722	22	—	—	PUNCT
cblr-7157	722	23	what	what	PRON
cblr-7157	722	24	this	this	DET
cblr-7157	722	25	article	article	NOUN
cblr-7157	722	26	terms	term	VERB
cblr-7157	722	27	the	the	DET
cblr-7157	722	28	“	"	PUNCT
cblr-7157	722	29	non	non	ADJ
cblr-7157	722	30	-	-	ADJ
cblr-7157	722	31	excludable	excludable	ADJ
cblr-7157	722	32	right	right	NOUN
cblr-7157	722	33	to	to	PART
cblr-7157	722	34	exclude	exclude	VERB
cblr-7157	722	35	.	.	PUNCT
cblr-7157	722	36	”	"	PUNCT
cblr-7157	723	1	the	the	DET
cblr-7157	723	2	next	next	ADJ
cblr-7157	723	3	step	step	NOUN
cblr-7157	723	4	is	be	AUX
cblr-7157	723	5	to	to	PART
cblr-7157	723	6	establish	establish	VERB
cblr-7157	723	7	the	the	DET
cblr-7157	723	8	boundaries	boundary	NOUN
cblr-7157	723	9	of	of	ADP
cblr-7157	723	10	those	those	DET
cblr-7157	723	11	property	property	NOUN
cblr-7157	723	12	interests	interest	NOUN
cblr-7157	723	13	relative	relative	ADJ
cblr-7157	723	14	to	to	ADP
cblr-7157	723	15	the	the	DET
cblr-7157	723	16	contractual	contractual	ADJ
cblr-7157	723	17	claims	claim	NOUN
cblr-7157	723	18	on	on	ADP
cblr-7157	723	19	the	the	DET
cblr-7157	723	20	corporation	corporation	NOUN
cblr-7157	723	21	.	.	PUNCT
cblr-7157	724	1	b.	b.	PROPN
cblr-7157	724	2	property	property	PROPN
cblr-7157	724	3	theory	theory	NOUN
cblr-7157	724	4	,	,	PUNCT
cblr-7157	724	5	the	the	DET
cblr-7157	724	6	right	right	NOUN
cblr-7157	724	7	to	to	PART
cblr-7157	724	8	exclude	exclude	VERB
cblr-7157	724	9	,	,	PUNCT
cblr-7157	724	10	and	and	CCONJ
cblr-7157	724	11	corporate	corporate	ADJ
cblr-7157	724	12	law	law	NOUN
cblr-7157	724	13	to	to	PART
cblr-7157	724	14	establish	establish	VERB
cblr-7157	724	15	that	that	SCONJ
cblr-7157	724	16	the	the	DET
cblr-7157	724	17	corporation	corporation	NOUN
cblr-7157	724	18	has	have	VERB
cblr-7157	724	19	ownership	ownership	NOUN
cblr-7157	724	20	interests	interest	NOUN
cblr-7157	724	21	,	,	PUNCT
cblr-7157	724	22	it	it	PRON
cblr-7157	724	23	is	be	AUX
cblr-7157	724	24	first	first	ADV
cblr-7157	724	25	necessary	necessary	ADJ
cblr-7157	724	26	to	to	PART
cblr-7157	724	27	determine	determine	VERB
cblr-7157	724	28	what	what	PRON
cblr-7157	724	29	constitutes	constitute	VERB
cblr-7157	724	30	“	"	PUNCT
cblr-7157	724	31	property	property	NOUN
cblr-7157	724	32	.	.	PUNCT
cblr-7157	724	33	”	"	PUNCT
cblr-7157	725	1	there	there	PRON
cblr-7157	725	2	are	be	VERB
cblr-7157	725	3	many	many	ADJ
cblr-7157	725	4	approaches	approach	NOUN
cblr-7157	725	5	to	to	ADP
cblr-7157	725	6	defining	define	VERB
cblr-7157	725	7	property	property	NOUN
cblr-7157	725	8	,	,	PUNCT
cblr-7157	725	9	probably	probably	ADV
cblr-7157	725	10	the	the	DET
cblr-7157	725	11	163	163	NUM
cblr-7157	725	12	see	see	NOUN
cblr-7157	725	13	honoré	honoré	NOUN
cblr-7157	725	14	,	,	PUNCT
cblr-7157	725	15	supra	supra	PROPN
cblr-7157	725	16	note	note	NOUN
cblr-7157	725	17	69	69	NUM
cblr-7157	725	18	,	,	PUNCT
cblr-7157	725	19	at	at	ADP
cblr-7157	725	20	142	142	NUM
cblr-7157	725	21	(	(	PUNCT
cblr-7157	725	22	“	"	PUNCT
cblr-7157	725	23	secondly	secondly	ADV
cblr-7157	725	24	,	,	PUNCT
cblr-7157	725	25	splitting	splitting	NOUN
cblr-7157	725	26	[	[	X
cblr-7157	725	27	ownership	ownership	NOUN
cblr-7157	725	28	]	]	PUNCT
cblr-7157	725	29	may	may	AUX
cblr-7157	725	30	serve	serve	VERB
cblr-7157	725	31	the	the	DET
cblr-7157	725	32	purpose	purpose	NOUN
cblr-7157	725	33	of	of	ADP
cblr-7157	725	34	specialization	specialization	NOUN
cblr-7157	725	35	,	,	PUNCT
cblr-7157	725	36	by	by	ADP
cblr-7157	725	37	separating	separate	VERB
cblr-7157	725	38	management	management	NOUN
cblr-7157	725	39	from	from	ADP
cblr-7157	725	40	the	the	DET
cblr-7157	725	41	enjoyment	enjoyment	NOUN
cblr-7157	725	42	of	of	ADP
cblr-7157	725	43	income	income	NOUN
cblr-7157	725	44	and/or	and/or	CCONJ
cblr-7157	725	45	disposition	disposition	NOUN
cblr-7157	725	46	of	of	ADP
cblr-7157	725	47	the	the	DET
cblr-7157	725	48	capital	capital	NOUN
cblr-7157	725	49	;	;	PUNCT
cblr-7157	725	50	the	the	DET
cblr-7157	725	51	beneficiary	beneficiary	NOUN
cblr-7157	725	52	obtains	obtain	VERB
cblr-7157	725	53	the	the	DET
cblr-7157	725	54	advantage	advantage	NOUN
cblr-7157	725	55	of	of	ADP
cblr-7157	725	56	expert	expert	ADJ
cblr-7157	725	57	management	management	NOUN
cblr-7157	725	58	of	of	ADP
cblr-7157	725	59	the	the	DET
cblr-7157	725	60	property	property	NOUN
cblr-7157	725	61	but	but	CCONJ
cblr-7157	725	62	also	also	ADV
cblr-7157	725	63	runs	run	VERB
cblr-7157	725	64	some	some	DET
cblr-7157	725	65	risk	risk	NOUN
cblr-7157	725	66	.	.	PUNCT
cblr-7157	726	1	in	in	ADP
cblr-7157	726	2	this	this	DET
cblr-7157	726	3	second	second	ADJ
cblr-7157	726	4	class	class	NOUN
cblr-7157	726	5	fall	fall	VERB
cblr-7157	726	6	such	such	ADJ
cblr-7157	726	7	devices	device	NOUN
cblr-7157	726	8	as	as	ADP
cblr-7157	726	9	trusts	trust	NOUN
cblr-7157	726	10	.	.	PUNCT
cblr-7157	726	11	.	.	PUNCT
cblr-7157	726	12	.	.	PUNCT
cblr-7157	727	1	and	and	CCONJ
cblr-7157	727	2	incorporated	incorporated	ADJ
cblr-7157	727	3	companies	company	NOUN
cblr-7157	727	4	.	.	PUNCT
cblr-7157	727	5	”	"	PUNCT
cblr-7157	727	6	)	)	PUNCT
cblr-7157	727	7	.	.	PUNCT
cblr-7157	728	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	728	2	(	(	PUNCT
cblr-7157	728	3	do	do	AUX
cblr-7157	728	4	not	not	PART
cblr-7157	728	5	delete	delete	VERB
cblr-7157	728	6	)	)	PUNCT
cblr-7157	728	7	10/2/2020	10/2/2020	NUM
cblr-7157	728	8	11:44	11:44	NUM
cblr-7157	728	9	am	be	AUX
cblr-7157	728	10	no	no	NOUN
cblr-7157	728	11	.	.	PUNCT
cblr-7157	728	12	1:1	1:1	NUM
cblr-7157	728	13	]	]	X
cblr-7157	728	14	a	a	DET
cblr-7157	728	15	property	property	NOUN
cblr-7157	728	16	theory	theory	NOUN
cblr-7157	728	17	49	49	NUM
cblr-7157	728	18	most	most	ADV
cblr-7157	728	19	widely	widely	ADV
cblr-7157	728	20	accepted	accept	VERB
cblr-7157	728	21	of	of	ADP
cblr-7157	728	22	which	which	PRON
cblr-7157	728	23	is	be	AUX
cblr-7157	728	24	the	the	DET
cblr-7157	728	25	“	"	PUNCT
cblr-7157	728	26	bundle	bundle	NOUN
cblr-7157	728	27	”	"	PUNCT
cblr-7157	728	28	metaphor	metaphor	NOUN
cblr-7157	728	29	discussed	discuss	VERB
cblr-7157	728	30	above.164	above.164	NOUN
cblr-7157	728	31	importantly	importantly	ADV
cblr-7157	728	32	,	,	PUNCT
cblr-7157	728	33	however	however	ADV
cblr-7157	728	34	,	,	PUNCT
cblr-7157	728	35	the	the	DET
cblr-7157	728	36	more	more	ADV
cblr-7157	728	37	recent	recent	ADJ
cblr-7157	728	38	“	"	PUNCT
cblr-7157	728	39	new	new	ADJ
cblr-7157	728	40	essentialism	essentialism	NOUN
cblr-7157	728	41	”	"	PUNCT
cblr-7157	728	42	perspective	perspective	NOUN
cblr-7157	728	43	argues	argue	VERB
cblr-7157	728	44	that	that	SCONJ
cblr-7157	728	45	all	all	DET
cblr-7157	728	46	mainstream	mainstream	NOUN
cblr-7157	728	47	approaches	approach	NOUN
cblr-7157	728	48	recognize	recognize	VERB
cblr-7157	728	49	that	that	SCONJ
cblr-7157	728	50	it	it	PRON
cblr-7157	728	51	is	be	AUX
cblr-7157	728	52	the	the	DET
cblr-7157	728	53	right	right	NOUN
cblr-7157	728	54	to	to	PART
cblr-7157	728	55	exclude	exclude	VERB
cblr-7157	728	56	that	that	PRON
cblr-7157	728	57	has	have	AUX
cblr-7157	728	58	long	long	ADV
cblr-7157	728	59	been	be	AUX
cblr-7157	728	60	“	"	PUNCT
cblr-7157	728	61	at	at	ADP
cblr-7157	728	62	the	the	DET
cblr-7157	728	63	center	center	NOUN
cblr-7157	728	64	”	"	PUNCT
cblr-7157	728	65	of	of	ADP
cblr-7157	728	66	the	the	DET
cblr-7157	728	67	definition	definition	NOUN
cblr-7157	728	68	of	of	ADP
cblr-7157	728	69	property.165	property.165	NOUN
cblr-7157	728	70	indeed	indeed	ADV
cblr-7157	728	71	,	,	PUNCT
cblr-7157	728	72	one	one	NUM
cblr-7157	728	73	prominent	prominent	ADJ
cblr-7157	728	74	commentator	commentator	NOUN
cblr-7157	728	75	argues	argue	VERB
cblr-7157	728	76	that	that	SCONJ
cblr-7157	728	77	the	the	DET
cblr-7157	728	78	right	right	NOUN
cblr-7157	728	79	to	to	PART
cblr-7157	728	80	exclude	exclude	VERB
cblr-7157	728	81	is	be	AUX
cblr-7157	728	82	the	the	DET
cblr-7157	728	83	very	very	ADJ
cblr-7157	728	84	definition	definition	NOUN
cblr-7157	728	85	of	of	ADP
cblr-7157	728	86	property.166	property.166	NOUN
cblr-7157	728	87	although	although	SCONJ
cblr-7157	728	88	there	there	PRON
cblr-7157	728	89	are	be	VERB
cblr-7157	728	90	critics	critic	NOUN
cblr-7157	728	91	of	of	ADP
cblr-7157	728	92	the	the	DET
cblr-7157	728	93	traditional	traditional	ADJ
cblr-7157	728	94	view	view	NOUN
cblr-7157	728	95	that	that	SCONJ
cblr-7157	728	96	the	the	DET
cblr-7157	728	97	right	right	NOUN
cblr-7157	728	98	to	to	PART
cblr-7157	728	99	exclude	exclude	VERB
cblr-7157	728	100	is	be	AUX
cblr-7157	728	101	the	the	DET
cblr-7157	728	102	foundational	foundational	ADJ
cblr-7157	728	103	sine	sine	NOUN
cblr-7157	728	104	qua	qua	PROPN
cblr-7157	728	105	non	non	X
cblr-7157	728	106	of	of	ADP
cblr-7157	728	107	property	property	NOUN
cblr-7157	728	108	,	,	PUNCT
cblr-7157	728	109	even	even	ADV
cblr-7157	728	110	those	those	DET
cblr-7157	728	111	critics	critic	NOUN
cblr-7157	728	112	generally	generally	ADV
cblr-7157	728	113	agree	agree	VERB
cblr-7157	728	114	that	that	SCONJ
cblr-7157	728	115	the	the	DET
cblr-7157	728	116	right	right	NOUN
cblr-7157	728	117	to	to	PART
cblr-7157	728	118	exclude	exclude	VERB
cblr-7157	728	119	is	be	AUX
cblr-7157	728	120	among	among	ADP
cblr-7157	728	121	the	the	DET
cblr-7157	728	122	most	most	ADV
cblr-7157	728	123	important	important	ADJ
cblr-7157	728	124	aspects	aspect	NOUN
cblr-7157	728	125	of	of	ADP
cblr-7157	728	126	property.167	property.167	ADV
cblr-7157	728	127	this	this	DET
cblr-7157	728	128	subpart	subpart	NOUN
cblr-7157	728	129	develops	develop	VERB
cblr-7157	728	130	the	the	DET
cblr-7157	728	131	argument	argument	NOUN
cblr-7157	728	132	that	that	SCONJ
cblr-7157	728	133	the	the	DET
cblr-7157	728	134	right	right	NOUN
cblr-7157	728	135	to	to	PART
cblr-7157	728	136	exclude	exclude	VERB
cblr-7157	728	137	provides	provide	VERB
cblr-7157	728	138	the	the	DET
cblr-7157	728	139	clearest	clear	ADJ
cblr-7157	728	140	lens	lens	NOUN
cblr-7157	728	141	to	to	PART
cblr-7157	728	142	observe	observe	VERB
cblr-7157	728	143	the	the	DET
cblr-7157	728	144	property	property	NOUN
cblr-7157	728	145	interests	interest	NOUN
cblr-7157	728	146	represented	represent	VERB
cblr-7157	728	147	by	by	ADP
cblr-7157	728	148	common	common	ADJ
cblr-7157	728	149	stock	stock	NOUN
cblr-7157	728	150	.	.	PUNCT
cblr-7157	729	1	in	in	ADP
cblr-7157	729	2	a	a	DET
cblr-7157	729	3	corporation	corporation	NOUN
cblr-7157	729	4	,	,	PUNCT
cblr-7157	729	5	as	as	ADP
cblr-7157	729	6	in	in	ADP
cblr-7157	729	7	any	any	DET
cblr-7157	729	8	organization	organization	NOUN
cblr-7157	729	9	,	,	PUNCT
cblr-7157	729	10	many	many	ADJ
cblr-7157	729	11	actors	actor	NOUN
cblr-7157	729	12	hold	hold	VERB
cblr-7157	729	13	what	what	PRON
cblr-7157	729	14	might	might	AUX
cblr-7157	729	15	be	be	AUX
cblr-7157	729	16	thought	think	VERB
cblr-7157	729	17	of	of	ADP
cblr-7157	729	18	as	as	ADP
cblr-7157	729	19	a	a	DET
cblr-7157	729	20	right	right	NOUN
cblr-7157	729	21	to	to	PART
cblr-7157	729	22	exclude	exclude	VERB
cblr-7157	729	23	.	.	PUNCT
cblr-7157	730	1	the	the	DET
cblr-7157	730	2	board	board	NOUN
cblr-7157	730	3	of	of	ADP
cblr-7157	730	4	directors	director	NOUN
cblr-7157	730	5	has	have	VERB
cblr-7157	730	6	the	the	DET
cblr-7157	730	7	right	right	NOUN
cblr-7157	730	8	to	to	PART
cblr-7157	730	9	exclude	exclude	VERB
cblr-7157	730	10	by	by	ADP
cblr-7157	730	11	hiring	hire	VERB
cblr-7157	730	12	and	and	CCONJ
cblr-7157	730	13	firing	firing	NOUN
cblr-7157	730	14	managers	manager	NOUN
cblr-7157	730	15	.	.	PUNCT
cblr-7157	731	1	managers	manager	NOUN
cblr-7157	731	2	have	have	VERB
cblr-7157	731	3	the	the	DET
cblr-7157	731	4	right	right	NOUN
cblr-7157	731	5	to	to	PART
cblr-7157	731	6	exclude	exclude	VERB
cblr-7157	731	7	by	by	ADP
cblr-7157	731	8	hiring	hire	VERB
cblr-7157	731	9	and	and	CCONJ
cblr-7157	731	10	firing	fire	VERB
cblr-7157	731	11	employees	employee	NOUN
cblr-7157	731	12	.	.	PUNCT
cblr-7157	732	1	even	even	ADV
cblr-7157	732	2	lower	low	ADJ
cblr-7157	732	3	level	level	NOUN
cblr-7157	732	4	employees	employee	NOUN
cblr-7157	732	5	often	often	ADV
cblr-7157	732	6	have	have	VERB
cblr-7157	732	7	the	the	DET
cblr-7157	732	8	right	right	NOUN
cblr-7157	732	9	to	to	PART
cblr-7157	732	10	exclude	exclude	VERB
cblr-7157	732	11	;	;	PUNCT
cblr-7157	732	12	a	a	DET
cblr-7157	732	13	security	security	NOUN
cblr-7157	732	14	guard	guard	NOUN
cblr-7157	732	15	or	or	CCONJ
cblr-7157	732	16	a	a	DET
cblr-7157	732	17	store	store	NOUN
cblr-7157	732	18	manager	manager	NOUN
cblr-7157	732	19	has	have	VERB
cblr-7157	732	20	the	the	DET
cblr-7157	732	21	right	right	NOUN
cblr-7157	732	22	to	to	PART
cblr-7157	732	23	exclude	exclude	VERB
cblr-7157	732	24	people	people	NOUN
cblr-7157	732	25	from	from	ADP
cblr-7157	732	26	corporate	corporate	ADJ
cblr-7157	732	27	property	property	NOUN
cblr-7157	732	28	,	,	PUNCT
cblr-7157	732	29	within	within	ADP
cblr-7157	732	30	limits	limit	NOUN
cblr-7157	732	31	.	.	PUNCT
cblr-7157	733	1	indeed	indeed	ADV
cblr-7157	733	2	,	,	PUNCT
cblr-7157	733	3	those	those	DET
cblr-7157	733	4	employees	employee	NOUN
cblr-7157	733	5	even	even	ADV
cblr-7157	733	6	have	have	VERB
cblr-7157	733	7	the	the	DET
cblr-7157	733	8	right	right	NOUN
cblr-7157	733	9	to	to	PART
cblr-7157	733	10	exclude	exclude	VERB
cblr-7157	733	11	shareholders	shareholder	NOUN
cblr-7157	733	12	from	from	ADP
cblr-7157	733	13	their	their	PRON
cblr-7157	733	14	physical	physical	ADJ
cblr-7157	733	15	presence	presence	NOUN
cblr-7157	733	16	on	on	ADP
cblr-7157	733	17	corporate	corporate	ADJ
cblr-7157	733	18	premises	premise	NOUN
cblr-7157	733	19	and	and	CCONJ
cblr-7157	733	20	from	from	ADP
cblr-7157	733	21	using	use	VERB
cblr-7157	733	22	corporate	corporate	ADJ
cblr-7157	733	23	assets	asset	NOUN
cblr-7157	733	24	.	.	PUNCT
cblr-7157	734	1	yet	yet	CCONJ
cblr-7157	734	2	shareholders	shareholder	NOUN
cblr-7157	734	3	individually	individually	ADV
cblr-7157	734	4	and	and	CCONJ
cblr-7157	734	5	directly	directly	ADV
cblr-7157	734	6	can	can	AUX
cblr-7157	734	7	not	not	PART
cblr-7157	734	8	exclude	exclude	VERB
cblr-7157	734	9	anyone	anyone	PRON
cblr-7157	734	10	from	from	ADP
cblr-7157	734	11	the	the	DET
cblr-7157	734	12	corporation	corporation	NOUN
cblr-7157	734	13	.	.	PUNCT
cblr-7157	735	1	thus	thus	ADV
cblr-7157	735	2	,	,	PUNCT
cblr-7157	735	3	from	from	ADP
cblr-7157	735	4	a	a	DET
cblr-7157	735	5	day	day	NOUN
cblr-7157	735	6	-	-	PUNCT
cblr-7157	735	7	to	to	ADP
cblr-7157	735	8	-	-	PUNCT
cblr-7157	735	9	day	day	NOUN
cblr-7157	735	10	perspective	perspective	NOUN
cblr-7157	735	11	,	,	PUNCT
cblr-7157	735	12	shareholders	shareholder	NOUN
cblr-7157	735	13	have	have	VERB
cblr-7157	735	14	little	little	ADJ
cblr-7157	735	15	claim	claim	NOUN
cblr-7157	735	16	on	on	ADP
cblr-7157	735	17	the	the	DET
cblr-7157	735	18	right	right	NOUN
cblr-7157	735	19	to	to	PART
cblr-7157	735	20	exclude	exclude	VERB
cblr-7157	735	21	in	in	ADP
cblr-7157	735	22	the	the	DET
cblr-7157	735	23	corporation	corporation	NOUN
cblr-7157	735	24	.	.	PUNCT
cblr-7157	736	1	this	this	PRON
cblr-7157	736	2	is	be	AUX
cblr-7157	736	3	probably	probably	ADV
cblr-7157	736	4	why	why	SCONJ
cblr-7157	736	5	the	the	DET
cblr-7157	736	6	right	right	NOUN
cblr-7157	736	7	to	to	PART
cblr-7157	736	8	exclude	exclude	VERB
cblr-7157	736	9	has	have	AUX
cblr-7157	736	10	not	not	PART
cblr-7157	736	11	been	be	AUX
cblr-7157	736	12	widely	widely	ADV
cblr-7157	736	13	recognized	recognize	VERB
cblr-7157	736	14	as	as	ADP
cblr-7157	736	15	a	a	DET
cblr-7157	736	16	right	right	NOUN
cblr-7157	736	17	of	of	ADP
cblr-7157	736	18	shareholders	shareholder	NOUN
cblr-7157	736	19	.	.	PUNCT
cblr-7157	737	1	164	164	NUM
cblr-7157	737	2	see	see	VERB
cblr-7157	737	3	supra	supra	PROPN
cblr-7157	737	4	notes	note	NOUN
cblr-7157	737	5	160–62	160–62	NOUN
cblr-7157	737	6	and	and	CCONJ
cblr-7157	737	7	accompanying	accompany	VERB
cblr-7157	737	8	text	text	NOUN
cblr-7157	737	9	.	.	PUNCT
cblr-7157	738	1	165	165	NUM
cblr-7157	738	2	jonathan	jonathan	PROPN
cblr-7157	738	3	klick	klick	PROPN
cblr-7157	738	4	&	&	CCONJ
cblr-7157	738	5	gideon	gideon	PROPN
cblr-7157	738	6	parchomovsky	parchomovsky	PROPN
cblr-7157	738	7	,	,	PUNCT
cblr-7157	738	8	the	the	DET
cblr-7157	738	9	value	value	NOUN
cblr-7157	738	10	of	of	ADP
cblr-7157	738	11	the	the	DET
cblr-7157	738	12	right	right	NOUN
cblr-7157	738	13	to	to	PART
cblr-7157	738	14	exclude	exclude	VERB
cblr-7157	738	15	:	:	PUNCT
cblr-7157	738	16	an	an	DET
cblr-7157	738	17	empirical	empirical	ADJ
cblr-7157	738	18	assessment	assessment	NOUN
cblr-7157	738	19	,	,	PUNCT
cblr-7157	738	20	165	165	NUM
cblr-7157	738	21	u.	u.	NOUN
cblr-7157	738	22	pa	pa	PROPN
cblr-7157	738	23	.	.	PUNCT
cblr-7157	738	24	l.	l.	PROPN
cblr-7157	738	25	rev	rev	PROPN
cblr-7157	738	26	.	.	PROPN
cblr-7157	738	27	917	917	NUM
cblr-7157	738	28	,	,	PUNCT
cblr-7157	738	29	920	920	NUM
cblr-7157	738	30	(	(	PUNCT
cblr-7157	738	31	2017	2017	NUM
cblr-7157	738	32	)	)	PUNCT
cblr-7157	738	33	.	.	PUNCT
cblr-7157	739	1	166	166	NUM
cblr-7157	739	2	thomas	thomas	PROPN
cblr-7157	739	3	w.	w.	PROPN
cblr-7157	739	4	merrill	merrill	PROPN
cblr-7157	739	5	,	,	PUNCT
cblr-7157	739	6	property	property	NOUN
cblr-7157	739	7	and	and	CCONJ
cblr-7157	739	8	the	the	DET
cblr-7157	739	9	right	right	NOUN
cblr-7157	739	10	to	to	PART
cblr-7157	739	11	exclude	exclude	VERB
cblr-7157	739	12	,	,	PUNCT
cblr-7157	739	13	77	77	NUM
cblr-7157	739	14	neb	neb	PROPN
cblr-7157	739	15	.	.	PROPN
cblr-7157	739	16	l.	l.	PROPN
cblr-7157	739	17	rev	rev	PROPN
cblr-7157	739	18	.	.	PROPN
cblr-7157	740	1	730	730	NUM
cblr-7157	740	2	,	,	PUNCT
cblr-7157	740	3	754	754	NUM
cblr-7157	740	4	(	(	PUNCT
cblr-7157	740	5	1998	1998	NUM
cblr-7157	740	6	)	)	PUNCT
cblr-7157	740	7	(	(	PUNCT
cblr-7157	740	8	“	"	PUNCT
cblr-7157	740	9	[	[	X
cblr-7157	740	10	p]roperty	p]roperty	PROPN
cblr-7157	740	11	means	mean	VERB
cblr-7157	740	12	the	the	DET
cblr-7157	740	13	right	right	NOUN
cblr-7157	740	14	to	to	PART
cblr-7157	740	15	exclude	exclude	VERB
cblr-7157	740	16	others	other	NOUN
cblr-7157	740	17	from	from	ADP
cblr-7157	740	18	valued	value	VERB
cblr-7157	740	19	resources	resource	NOUN
cblr-7157	740	20	,	,	PUNCT
cblr-7157	740	21	no	no	PRON
cblr-7157	740	22	more	more	ADJ
cblr-7157	740	23	and	and	CCONJ
cblr-7157	740	24	no	no	PRON
cblr-7157	740	25	less	less	ADJ
cblr-7157	740	26	.	.	PUNCT
cblr-7157	740	27	”	"	PUNCT
cblr-7157	740	28	)	)	PUNCT
cblr-7157	740	29	.	.	PUNCT
cblr-7157	741	1	but	but	CCONJ
cblr-7157	741	2	see	see	VERB
cblr-7157	741	3	gregory	gregory	PROPN
cblr-7157	741	4	s.	s.	PROPN
cblr-7157	741	5	alexander	alexander	PROPN
cblr-7157	741	6	,	,	PUNCT
cblr-7157	741	7	the	the	DET
cblr-7157	741	8	complex	complex	ADJ
cblr-7157	741	9	core	core	NOUN
cblr-7157	741	10	of	of	ADP
cblr-7157	741	11	property	property	NOUN
cblr-7157	741	12	,	,	PUNCT
cblr-7157	741	13	94	94	NUM
cblr-7157	741	14	cornell	cornell	PROPN
cblr-7157	741	15	l.	l.	PROPN
cblr-7157	741	16	rev	rev	PROPN
cblr-7157	741	17	.	.	PROPN
cblr-7157	741	18	1063	1063	NUM
cblr-7157	741	19	,	,	PUNCT
cblr-7157	741	20	1070	1070	NUM
cblr-7157	741	21	(	(	PUNCT
cblr-7157	741	22	2009	2009	NUM
cblr-7157	741	23	)	)	PUNCT
cblr-7157	741	24	(	(	PUNCT
cblr-7157	741	25	arguing	argue	VERB
cblr-7157	741	26	that	that	SCONJ
cblr-7157	741	27	the	the	DET
cblr-7157	741	28	“	"	PUNCT
cblr-7157	741	29	right	right	NOUN
cblr-7157	741	30	to	to	PART
cblr-7157	741	31	exclude	exclude	VERB
cblr-7157	741	32	”	"	PUNCT
cblr-7157	741	33	is	be	AUX
cblr-7157	741	34	not	not	PART
cblr-7157	741	35	the	the	DET
cblr-7157	741	36	sole	sole	ADJ
cblr-7157	741	37	boundary	boundary	ADJ
cblr-7157	741	38	line	line	NOUN
cblr-7157	741	39	of	of	ADP
cblr-7157	741	40	property	property	NOUN
cblr-7157	741	41	)	)	PUNCT
cblr-7157	741	42	.	.	PUNCT
cblr-7157	742	1	167	167	NUM
cblr-7157	742	2	see	see	VERB
cblr-7157	742	3	klick	klick	PROPN
cblr-7157	742	4	&	&	CCONJ
cblr-7157	742	5	parchomovsky	parchomovsky	PROPN
cblr-7157	742	6	,	,	PUNCT
cblr-7157	742	7	supra	supra	PROPN
cblr-7157	742	8	note	note	NOUN
cblr-7157	742	9	165	165	NUM
cblr-7157	742	10	,	,	PUNCT
cblr-7157	742	11	at	at	ADP
cblr-7157	742	12	919–20	919–20	PROPN
cblr-7157	742	13	(	(	PUNCT
cblr-7157	742	14	noting	note	VERB
cblr-7157	742	15	that	that	SCONJ
cblr-7157	742	16	honoré	honoré	NOUN
cblr-7157	742	17	,	,	PUNCT
cblr-7157	742	18	who	who	PRON
cblr-7157	742	19	is	be	AUX
cblr-7157	742	20	prominently	prominently	ADV
cblr-7157	742	21	associated	associate	VERB
cblr-7157	742	22	with	with	ADP
cblr-7157	742	23	the	the	DET
cblr-7157	742	24	“	"	PUNCT
cblr-7157	742	25	bundle	bundle	NOUN
cblr-7157	742	26	of	of	ADP
cblr-7157	742	27	rights	right	NOUN
cblr-7157	742	28	”	"	PUNCT
cblr-7157	742	29	approach	approach	NOUN
cblr-7157	742	30	to	to	ADP
cblr-7157	742	31	property	property	NOUN
cblr-7157	742	32	,	,	PUNCT
cblr-7157	742	33	also	also	ADV
cblr-7157	742	34	was	be	AUX
cblr-7157	742	35	thought	think	VERB
cblr-7157	742	36	to	to	PART
cblr-7157	742	37	put	put	VERB
cblr-7157	742	38	the	the	DET
cblr-7157	742	39	right	right	NOUN
cblr-7157	742	40	to	to	PART
cblr-7157	742	41	exclude	exclude	VERB
cblr-7157	742	42	near	near	ADP
cblr-7157	742	43	the	the	DET
cblr-7157	742	44	forefront	forefront	NOUN
cblr-7157	742	45	)	)	PUNCT
cblr-7157	742	46	.	.	PUNCT
cblr-7157	743	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	743	2	(	(	PUNCT
cblr-7157	743	3	do	do	AUX
cblr-7157	743	4	not	not	PART
cblr-7157	743	5	delte	delte	VERB
cblr-7157	743	6	)	)	PUNCT
cblr-7157	743	7	10/2/2020	10/2/2020	NUM
cblr-7157	743	8	11:44	11:44	NUM
cblr-7157	743	9	am	be	AUX
cblr-7157	743	10	50	50	NUM
cblr-7157	743	11	columbia	columbia	PROPN
cblr-7157	743	12	business	business	NOUN
cblr-7157	743	13	law	law	NOUN
cblr-7157	743	14	review	review	NOUN
cblr-7157	744	1	[	[	X
cblr-7157	744	2	vol	vol	NOUN
cblr-7157	744	3	.	.	PUNCT
cblr-7157	744	4	2020	2020	NUM
cblr-7157	745	1	but	but	CCONJ
cblr-7157	745	2	shareholders	shareholder	NOUN
cblr-7157	745	3	do	do	AUX
cblr-7157	745	4	have	have	VERB
cblr-7157	745	5	the	the	DET
cblr-7157	745	6	most	most	ADV
cblr-7157	745	7	important	important	ADJ
cblr-7157	745	8	right	right	NOUN
cblr-7157	745	9	to	to	PART
cblr-7157	745	10	exclude	exclude	VERB
cblr-7157	745	11	within	within	ADP
cblr-7157	745	12	the	the	DET
cblr-7157	745	13	corporation	corporation	NOUN
cblr-7157	745	14	.	.	PUNCT
cblr-7157	746	1	indeed	indeed	ADV
cblr-7157	746	2	,	,	PUNCT
cblr-7157	746	3	they	they	PRON
cblr-7157	746	4	hold	hold	VERB
cblr-7157	746	5	the	the	DET
cblr-7157	746	6	right	right	NOUN
cblr-7157	746	7	to	to	PART
cblr-7157	746	8	directly	directly	ADV
cblr-7157	746	9	or	or	CCONJ
cblr-7157	746	10	indirectly	indirectly	ADV
cblr-7157	746	11	exclude	exclude	VERB
cblr-7157	746	12	all	all	DET
cblr-7157	746	13	others	other	NOUN
cblr-7157	746	14	through	through	ADP
cblr-7157	746	15	their	their	PRON
cblr-7157	746	16	voting	voting	NOUN
cblr-7157	746	17	rights	right	NOUN
cblr-7157	746	18	.	.	PUNCT
cblr-7157	747	1	the	the	DET
cblr-7157	747	2	right	right	NOUN
cblr-7157	747	3	to	to	PART
cblr-7157	747	4	exclude	exclude	VERB
cblr-7157	747	5	held	hold	VERB
cblr-7157	747	6	by	by	ADP
cblr-7157	747	7	shareholders	shareholder	NOUN
cblr-7157	747	8	rests	rest	VERB
cblr-7157	747	9	fundamentally	fundamentally	ADV
cblr-7157	747	10	on	on	ADP
cblr-7157	747	11	their	their	PRON
cblr-7157	747	12	right	right	NOUN
cblr-7157	747	13	to	to	PART
cblr-7157	747	14	elect	elect	VERB
cblr-7157	747	15	and	and	CCONJ
cblr-7157	747	16	remove	remove	VERB
cblr-7157	747	17	directors	director	NOUN
cblr-7157	747	18	,	,	PUNCT
cblr-7157	747	19	who	who	PRON
cblr-7157	747	20	in	in	ADP
cblr-7157	747	21	turn	turn	NOUN
cblr-7157	747	22	wield	wield	VERB
cblr-7157	747	23	all	all	DET
cblr-7157	747	24	management	management	NOUN
cblr-7157	747	25	powers	power	NOUN
cblr-7157	747	26	within	within	ADP
cblr-7157	747	27	the	the	DET
cblr-7157	747	28	corporation	corporation	NOUN
cblr-7157	747	29	.	.	PUNCT
cblr-7157	748	1	this	this	DET
cblr-7157	748	2	right	right	ADV
cblr-7157	748	3	not	not	PART
cblr-7157	748	4	only	only	ADV
cblr-7157	748	5	allows	allow	VERB
cblr-7157	748	6	shareholders	shareholder	NOUN
cblr-7157	748	7	to	to	PART
cblr-7157	748	8	exclude	exclude	VERB
cblr-7157	748	9	those	those	PRON
cblr-7157	748	10	who	who	PRON
cblr-7157	748	11	manage	manage	VERB
cblr-7157	748	12	the	the	DET
cblr-7157	748	13	corporation	corporation	NOUN
cblr-7157	748	14	(	(	PUNCT
cblr-7157	748	15	the	the	DET
cblr-7157	748	16	directors	director	NOUN
cblr-7157	748	17	)	)	PUNCT
cblr-7157	748	18	,	,	PUNCT
cblr-7157	748	19	it	it	PRON
cblr-7157	748	20	is	be	AUX
cblr-7157	748	21	the	the	DET
cblr-7157	748	22	one	one	NUM
cblr-7157	748	23	governance	governance	NOUN
cblr-7157	748	24	right	right	ADV
cblr-7157	748	25	that	that	PRON
cblr-7157	748	26	is	be	AUX
cblr-7157	748	27	singled	single	VERB
cblr-7157	748	28	out	out	ADP
cblr-7157	748	29	for	for	ADP
cblr-7157	748	30	protection	protection	NOUN
cblr-7157	748	31	from	from	ADP
cblr-7157	748	32	interference	interference	NOUN
cblr-7157	748	33	by	by	ADP
cblr-7157	748	34	the	the	DET
cblr-7157	748	35	board	board	NOUN
cblr-7157	748	36	or	or	CCONJ
cblr-7157	748	37	anyone	anyone	PRON
cblr-7157	748	38	else.168	else.168	NOUN
cblr-7157	748	39	the	the	DET
cblr-7157	748	40	right	right	NOUN
cblr-7157	748	41	to	to	PART
cblr-7157	748	42	exclude	exclude	VERB
cblr-7157	748	43	held	hold	VERB
cblr-7157	748	44	by	by	ADP
cblr-7157	748	45	shareholders	shareholder	NOUN
cblr-7157	748	46	is	be	AUX
cblr-7157	748	47	a	a	DET
cblr-7157	748	48	unique	unique	ADJ
cblr-7157	748	49	right	right	NOUN
cblr-7157	748	50	within	within	ADP
cblr-7157	748	51	the	the	DET
cblr-7157	748	52	corporation	corporation	NOUN
cblr-7157	748	53	,	,	PUNCT
cblr-7157	748	54	unlike	unlike	ADP
cblr-7157	748	55	the	the	DET
cblr-7157	748	56	right	right	NOUN
cblr-7157	748	57	to	to	PART
cblr-7157	748	58	exclude	exclude	VERB
cblr-7157	748	59	held	hold	VERB
cblr-7157	748	60	by	by	ADP
cblr-7157	748	61	every	every	DET
cblr-7157	748	62	other	other	ADJ
cblr-7157	748	63	class	class	NOUN
cblr-7157	748	64	of	of	ADP
cblr-7157	748	65	corporate	corporate	ADJ
cblr-7157	748	66	actors	actor	NOUN
cblr-7157	748	67	.	.	PUNCT
cblr-7157	749	1	employees	employee	NOUN
cblr-7157	749	2	and	and	CCONJ
cblr-7157	749	3	managers	manager	NOUN
cblr-7157	749	4	of	of	ADP
cblr-7157	749	5	the	the	DET
cblr-7157	749	6	corporation	corporation	NOUN
cblr-7157	749	7	can	can	AUX
cblr-7157	749	8	be	be	AUX
cblr-7157	749	9	excluded	exclude	VERB
cblr-7157	749	10	by	by	ADP
cblr-7157	749	11	higher	high	ADJ
cblr-7157	749	12	-	-	PUNCT
cblr-7157	749	13	level	level	NOUN
cblr-7157	749	14	managers	manager	NOUN
cblr-7157	749	15	or	or	CCONJ
cblr-7157	749	16	by	by	ADP
cblr-7157	749	17	the	the	DET
cblr-7157	749	18	board	board	NOUN
cblr-7157	749	19	.	.	PUNCT
cblr-7157	750	1	even	even	ADV
cblr-7157	750	2	directors	director	NOUN
cblr-7157	750	3	can	can	AUX
cblr-7157	750	4	be	be	AUX
cblr-7157	750	5	excluded	exclude	VERB
cblr-7157	750	6	by	by	ADP
cblr-7157	750	7	a	a	DET
cblr-7157	750	8	vote	vote	NOUN
cblr-7157	750	9	of	of	ADP
cblr-7157	750	10	the	the	DET
cblr-7157	750	11	shareholders	shareholder	NOUN
cblr-7157	750	12	using	use	VERB
cblr-7157	750	13	the	the	DET
cblr-7157	750	14	removal	removal	NOUN
cblr-7157	750	15	power	power	NOUN
cblr-7157	750	16	,	,	PUNCT
cblr-7157	750	17	and	and	CCONJ
cblr-7157	750	18	this	this	DET
cblr-7157	750	19	action	action	NOUN
cblr-7157	750	20	can	can	AUX
cblr-7157	750	21	be	be	AUX
cblr-7157	750	22	taken	take	VERB
cblr-7157	750	23	without	without	ADP
cblr-7157	750	24	the	the	DET
cblr-7157	750	25	consent	consent	NOUN
cblr-7157	750	26	of	of	ADP
cblr-7157	750	27	any	any	DET
cblr-7157	750	28	board	board	NOUN
cblr-7157	750	29	members.169	members.169	NOUN
cblr-7157	750	30	the	the	DET
cblr-7157	750	31	voting	voting	NOUN
cblr-7157	750	32	shareholders	shareholder	NOUN
cblr-7157	750	33	,	,	PUNCT
cblr-7157	750	34	however	however	ADV
cblr-7157	750	35	,	,	PUNCT
cblr-7157	750	36	can	can	AUX
cblr-7157	750	37	not	not	PART
cblr-7157	750	38	be	be	AUX
cblr-7157	750	39	excluded	exclude	VERB
cblr-7157	750	40	from	from	ADP
cblr-7157	750	41	the	the	DET
cblr-7157	750	42	corporation	corporation	NOUN
cblr-7157	750	43	without	without	ADP
cblr-7157	750	44	their	their	PRON
cblr-7157	750	45	(	(	PUNCT
cblr-7157	750	46	individual	individual	ADJ
cblr-7157	750	47	or	or	CCONJ
cblr-7157	750	48	collective	collective	ADJ
cblr-7157	750	49	)	)	PUNCT
cblr-7157	750	50	consent	consent	NOUN
cblr-7157	750	51	.	.	PUNCT
cblr-7157	751	1	the	the	DET
cblr-7157	751	2	shareholders	shareholder	NOUN
cblr-7157	751	3	’	'	PUNCT
cblr-7157	751	4	right	right	NOUN
cblr-7157	751	5	to	to	PART
cblr-7157	751	6	vote	vote	VERB
cblr-7157	751	7	can	can	AUX
cblr-7157	751	8	not	not	PART
cblr-7157	751	9	be	be	AUX
cblr-7157	751	10	excluded	exclude	VERB
cblr-7157	751	11	because	because	SCONJ
cblr-7157	751	12	the	the	DET
cblr-7157	751	13	corporation	corporation	NOUN
cblr-7157	751	14	’s	’s	PART
cblr-7157	751	15	common	common	ADJ
cblr-7157	751	16	stock	stock	NOUN
cblr-7157	751	17	can	can	AUX
cblr-7157	751	18	not	not	PART
cblr-7157	751	19	be	be	AUX
cblr-7157	751	20	eliminated	eliminate	VERB
cblr-7157	751	21	and	and	CCONJ
cblr-7157	751	22	its	its	PRON
cblr-7157	751	23	attendant	attendant	ADJ
cblr-7157	751	24	voting	voting	NOUN
cblr-7157	751	25	rights	right	NOUN
cblr-7157	751	26	can	can	AUX
cblr-7157	751	27	not	not	PART
cblr-7157	751	28	be	be	AUX
cblr-7157	751	29	taken	take	VERB
cblr-7157	752	1	away.170	away.170	CCONJ
cblr-7157	752	2	voting	vote	VERB
cblr-7157	752	3	shareholders	shareholder	NOUN
cblr-7157	752	4	are	be	AUX
cblr-7157	752	5	the	the	DET
cblr-7157	752	6	only	only	ADJ
cblr-7157	752	7	class	class	NOUN
cblr-7157	752	8	of	of	ADP
cblr-7157	752	9	claimants	claimant	NOUN
cblr-7157	752	10	on	on	ADP
cblr-7157	752	11	the	the	DET
cblr-7157	752	12	corporation	corporation	NOUN
cblr-7157	752	13	who	who	PRON
cblr-7157	752	14	hold	hold	VERB
cblr-7157	752	15	a	a	DET
cblr-7157	752	16	right	right	NOUN
cblr-7157	752	17	to	to	PART
cblr-7157	752	18	exclude	exclude	VERB
cblr-7157	752	19	that	that	PRON
cblr-7157	752	20	can	can	AUX
cblr-7157	752	21	not	not	PART
cblr-7157	752	22	itself	itself	PRON
cblr-7157	752	23	be	be	AUX
cblr-7157	752	24	excluded	exclude	VERB
cblr-7157	752	25	without	without	ADP
cblr-7157	752	26	some	some	DET
cblr-7157	752	27	form	form	NOUN
cblr-7157	752	28	of	of	ADP
cblr-7157	752	29	consent	consent	NOUN
cblr-7157	752	30	.	.	PUNCT
cblr-7157	753	1	thus	thus	ADV
cblr-7157	753	2	,	,	PUNCT
cblr-7157	753	3	shareholders	shareholder	NOUN
cblr-7157	753	4	’	'	PUNCT
cblr-7157	753	5	right	right	NOUN
cblr-7157	753	6	to	to	PART
cblr-7157	753	7	exclude	exclude	VERB
cblr-7157	753	8	is	be	AUX
cblr-7157	753	9	itself	itself	PRON
cblr-7157	753	10	non	non	ADJ
cblr-7157	753	11	-	-	ADJ
cblr-7157	753	12	excludable	excludable	ADJ
cblr-7157	753	13	.	.	PUNCT
cblr-7157	754	1	this	this	DET
cblr-7157	754	2	“	"	PUNCT
cblr-7157	754	3	non	non	ADJ
cblr-7157	754	4	-	-	ADJ
cblr-7157	754	5	excludable	excludable	ADJ
cblr-7157	754	6	right	right	NOUN
cblr-7157	754	7	to	to	PART
cblr-7157	754	8	exclude	exclude	VERB
cblr-7157	754	9	”	"	PUNCT
cblr-7157	754	10	is	be	AUX
cblr-7157	754	11	a	a	DET
cblr-7157	754	12	unique	unique	ADJ
cblr-7157	754	13	right	right	NOUN
cblr-7157	754	14	within	within	ADP
cblr-7157	754	15	the	the	DET
cblr-7157	754	16	corporation	corporation	NOUN
cblr-7157	754	17	and	and	CCONJ
cblr-7157	754	18	it	it	PRON
cblr-7157	754	19	is	be	AUX
cblr-7157	754	20	held	hold	VERB
cblr-7157	754	21	by	by	ADP
cblr-7157	754	22	shareholders	shareholder	NOUN
cblr-7157	754	23	alone	alone	ADV
cblr-7157	754	24	.	.	PUNCT
cblr-7157	755	1	the	the	DET
cblr-7157	755	2	non	non	ADJ
cblr-7157	755	3	-	-	ADJ
cblr-7157	755	4	excludable	excludable	ADJ
cblr-7157	755	5	right	right	NOUN
cblr-7157	755	6	to	to	PART
cblr-7157	755	7	exclude	exclude	VERB
cblr-7157	755	8	is	be	AUX
cblr-7157	755	9	the	the	DET
cblr-7157	755	10	most	most	ADV
cblr-7157	755	11	important	important	ADJ
cblr-7157	755	12	attribute	attribute	NOUN
cblr-7157	755	13	of	of	ADP
cblr-7157	755	14	property	property	NOUN
cblr-7157	755	15	ownership	ownership	NOUN
cblr-7157	755	16	in	in	ADP
cblr-7157	755	17	an	an	DET
cblr-7157	755	18	organization	organization	NOUN
cblr-7157	755	19	.	.	PUNCT
cblr-7157	756	1	the	the	DET
cblr-7157	756	2	point	point	NOUN
cblr-7157	756	3	that	that	SCONJ
cblr-7157	756	4	common	common	ADJ
cblr-7157	756	5	shares	share	NOUN
cblr-7157	756	6	can	can	AUX
cblr-7157	756	7	not	not	PART
cblr-7157	756	8	be	be	AUX
cblr-7157	756	9	eliminated	eliminate	VERB
cblr-7157	756	10	is	be	AUX
cblr-7157	756	11	an	an	DET
cblr-7157	756	12	important	important	ADJ
cblr-7157	756	13	one	one	NOUN
cblr-7157	756	14	.	.	PUNCT
cblr-7157	757	1	as	as	SCONJ
cblr-7157	757	2	discussed	discuss	VERB
cblr-7157	757	3	in	in	ADP
cblr-7157	757	4	the	the	DET
cblr-7157	757	5	previous	previous	ADJ
cblr-7157	757	6	part	part	NOUN
cblr-7157	757	7	,	,	PUNCT
cblr-7157	757	8	the	the	DET
cblr-7157	757	9	corporation	corporation	NOUN
cblr-7157	757	10	must	must	AUX
cblr-7157	757	11	retain	retain	VERB
cblr-7157	757	12	at	at	ADV
cblr-7157	757	13	least	least	ADV
cblr-7157	757	14	one	one	NUM
cblr-7157	757	15	share	share	NOUN
cblr-7157	757	16	with	with	ADP
cblr-7157	757	17	full	full	ADJ
cblr-7157	757	18	voting	voting	NOUN
cblr-7157	757	19	power	power	NOUN
cblr-7157	757	20	.	.	PUNCT
cblr-7157	758	1	note	note	VERB
cblr-7157	758	2	that	that	SCONJ
cblr-7157	758	3	the	the	DET
cblr-7157	758	4	requirement	requirement	NOUN
cblr-7157	758	5	is	be	AUX
cblr-7157	758	6	for	for	ADP
cblr-7157	758	7	a	a	DET
cblr-7157	758	8	share	share	NOUN
cblr-7157	758	9	with	with	ADP
cblr-7157	758	10	full	full	ADJ
cblr-7157	758	11	(	(	PUNCT
cblr-7157	758	12	or	or	CCONJ
cblr-7157	758	13	residual	residual	ADJ
cblr-7157	758	14	)	)	PUNCT
cblr-7157	758	15	168	168	NUM
cblr-7157	758	16	see	see	VERB
cblr-7157	758	17	supra	supra	PROPN
cblr-7157	758	18	note	note	PROPN
cblr-7157	758	19	134	134	NUM
cblr-7157	758	20	and	and	CCONJ
cblr-7157	758	21	accompanying	accompany	VERB
cblr-7157	758	22	text	text	NOUN
cblr-7157	758	23	.	.	PUNCT
cblr-7157	759	1	169	169	NUM
cblr-7157	759	2	see	see	VERB
cblr-7157	759	3	del	del	PROPN
cblr-7157	759	4	.	.	PROPN
cblr-7157	759	5	code	code	PROPN
cblr-7157	759	6	ann	ann	PROPN
cblr-7157	759	7	.	.	PUNCT
cblr-7157	760	1	tit	tit	PROPN
cblr-7157	760	2	.	.	PROPN
cblr-7157	761	1	8	8	NUM
cblr-7157	761	2	,	,	PUNCT
cblr-7157	761	3	§	§	PROPN
cblr-7157	761	4	141(k	141(k	NUM
cblr-7157	761	5	)	)	PUNCT
cblr-7157	761	6	(	(	PUNCT
cblr-7157	761	7	2019	2019	NUM
cblr-7157	761	8	)	)	PUNCT
cblr-7157	761	9	.	.	PUNCT
cblr-7157	762	1	170	170	NUM
cblr-7157	762	2	corporations	corporation	NOUN
cblr-7157	762	3	can	can	AUX
cblr-7157	762	4	create	create	VERB
cblr-7157	762	5	non	non	ADJ
cblr-7157	762	6	-	-	ADJ
cblr-7157	762	7	voting	voting	ADJ
cblr-7157	762	8	common	common	ADJ
cblr-7157	762	9	stock	stock	NOUN
cblr-7157	762	10	,	,	PUNCT
cblr-7157	762	11	but	but	CCONJ
cblr-7157	762	12	they	they	PRON
cblr-7157	762	13	must	must	AUX
cblr-7157	762	14	have	have	VERB
cblr-7157	762	15	a	a	DET
cblr-7157	762	16	class	class	NOUN
cblr-7157	762	17	of	of	ADP
cblr-7157	762	18	common	common	ADJ
cblr-7157	762	19	stock	stock	NOUN
cblr-7157	762	20	with	with	ADP
cblr-7157	762	21	full	full	ADJ
cblr-7157	762	22	voting	voting	NOUN
cblr-7157	762	23	rights	right	NOUN
cblr-7157	762	24	.	.	PUNCT
cblr-7157	763	1	see	see	VERB
cblr-7157	763	2	supra	supra	PROPN
cblr-7157	763	3	notes	note	VERB
cblr-7157	763	4	123	123	NUM
cblr-7157	763	5	–	–	PUNCT
cblr-7157	763	6	24	24	NUM
cblr-7157	763	7	and	and	CCONJ
cblr-7157	763	8	accompanying	accompany	VERB
cblr-7157	763	9	text	text	NOUN
cblr-7157	763	10	.	.	PUNCT
cblr-7157	764	1	non	non	ADJ
cblr-7157	764	2	-	-	ADJ
cblr-7157	764	3	voting	voting	ADJ
cblr-7157	764	4	stock	stock	NOUN
cblr-7157	764	5	is	be	AUX
cblr-7157	764	6	discussed	discuss	VERB
cblr-7157	764	7	in	in	ADP
cblr-7157	764	8	section	section	NOUN
cblr-7157	764	9	v.d	v.d	PROPN
cblr-7157	764	10	,	,	PUNCT
cblr-7157	764	11	infra	infra	NOUN
cblr-7157	764	12	.	.	PUNCT
cblr-7157	765	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	765	2	(	(	PUNCT
cblr-7157	765	3	do	do	AUX
cblr-7157	765	4	not	not	PART
cblr-7157	765	5	delete	delete	VERB
cblr-7157	765	6	)	)	PUNCT
cblr-7157	765	7	10/2/2020	10/2/2020	NUM
cblr-7157	765	8	11:44	11:44	NUM
cblr-7157	765	9	am	be	AUX
cblr-7157	765	10	no	no	NOUN
cblr-7157	765	11	.	.	PUNCT
cblr-7157	765	12	1:1	1:1	NUM
cblr-7157	765	13	]	]	X
cblr-7157	765	14	a	a	DET
cblr-7157	765	15	property	property	NOUN
cblr-7157	765	16	theory	theory	NOUN
cblr-7157	765	17	51	51	NUM
cblr-7157	765	18	voting	voting	NOUN
cblr-7157	765	19	power	power	NOUN
cblr-7157	765	20	,	,	PUNCT
cblr-7157	765	21	not	not	PART
cblr-7157	765	22	necessarily	necessarily	ADV
cblr-7157	765	23	residual	residual	ADJ
cblr-7157	765	24	economic	economic	ADJ
cblr-7157	765	25	interest	interest	NOUN
cblr-7157	765	26	(	(	PUNCT
cblr-7157	765	27	although	although	SCONJ
cblr-7157	765	28	the	the	DET
cblr-7157	765	29	mbca	mbca	NOUN
cblr-7157	765	30	requires	require	VERB
cblr-7157	765	31	both171	both171	PROPN
cblr-7157	765	32	)	)	PUNCT
cblr-7157	765	33	.	.	PUNCT
cblr-7157	766	1	this	this	DET
cblr-7157	766	2	argument	argument	NOUN
cblr-7157	766	3	alone	alone	ADV
cblr-7157	766	4	is	be	AUX
cblr-7157	766	5	insufficient	insufficient	ADJ
cblr-7157	766	6	to	to	PART
cblr-7157	766	7	demonstrate	demonstrate	VERB
cblr-7157	766	8	the	the	DET
cblr-7157	766	9	uniqueness	uniqueness	NOUN
cblr-7157	766	10	of	of	ADP
cblr-7157	766	11	shareholders	shareholder	NOUN
cblr-7157	766	12	,	,	PUNCT
cblr-7157	766	13	however	however	ADV
cblr-7157	766	14	,	,	PUNCT
cblr-7157	766	15	because	because	SCONJ
cblr-7157	766	16	generally	generally	ADV
cblr-7157	766	17	the	the	DET
cblr-7157	766	18	board	board	NOUN
cblr-7157	766	19	itself	itself	PRON
cblr-7157	766	20	can	can	AUX
cblr-7157	766	21	not	not	PART
cblr-7157	766	22	be	be	AUX
cblr-7157	766	23	eliminated	eliminate	VERB
cblr-7157	766	24	either	either	ADV
cblr-7157	766	25	,	,	PUNCT
cblr-7157	766	26	unless	unless	SCONJ
cblr-7157	766	27	the	the	DET
cblr-7157	766	28	corporation	corporation	NOUN
cblr-7157	766	29	opts	opt	VERB
cblr-7157	766	30	into	into	ADP
cblr-7157	766	31	close	close	ADJ
cblr-7157	766	32	corporation	corporation	NOUN
cblr-7157	766	33	status	status	NOUN
cblr-7157	766	34	.	.	PUNCT
cblr-7157	767	1	the	the	DET
cblr-7157	767	2	crucial	crucial	ADJ
cblr-7157	767	3	difference	difference	NOUN
cblr-7157	767	4	between	between	ADP
cblr-7157	767	5	shareholder	shareholder	NOUN
cblr-7157	767	6	and	and	CCONJ
cblr-7157	767	7	director	director	NOUN
cblr-7157	767	8	removal	removal	NOUN
cblr-7157	767	9	is	be	AUX
cblr-7157	767	10	that	that	SCONJ
cblr-7157	767	11	shareholders	shareholder	NOUN
cblr-7157	767	12	can	can	AUX
cblr-7157	767	13	eliminate	eliminate	VERB
cblr-7157	767	14	particular	particular	ADJ
cblr-7157	767	15	members	member	NOUN
cblr-7157	767	16	of	of	ADP
cblr-7157	767	17	the	the	DET
cblr-7157	767	18	board	board	NOUN
cblr-7157	767	19	without	without	ADP
cblr-7157	767	20	their	their	PRON
cblr-7157	767	21	(	(	PUNCT
cblr-7157	767	22	individual	individual	ADJ
cblr-7157	767	23	or	or	CCONJ
cblr-7157	767	24	collective	collective	ADJ
cblr-7157	767	25	)	)	PUNCT
cblr-7157	767	26	consent	consent	NOUN
cblr-7157	767	27	.	.	PUNCT
cblr-7157	768	1	although	although	SCONJ
cblr-7157	768	2	shareholders	shareholder	NOUN
cblr-7157	768	3	can	can	AUX
cblr-7157	768	4	also	also	ADV
cblr-7157	768	5	be	be	AUX
cblr-7157	768	6	frozen	freeze	VERB
cblr-7157	768	7	out	out	ADP
cblr-7157	768	8	,	,	PUNCT
cblr-7157	768	9	they	they	PRON
cblr-7157	768	10	can	can	AUX
cblr-7157	768	11	not	not	PART
cblr-7157	768	12	be	be	AUX
cblr-7157	768	13	frozen	freeze	VERB
cblr-7157	768	14	out	out	ADP
cblr-7157	768	15	without	without	ADP
cblr-7157	768	16	(	(	PUNCT
cblr-7157	768	17	at	at	ADP
cblr-7157	768	18	least	least	ADJ
cblr-7157	768	19	)	)	PUNCT
cblr-7157	768	20	a	a	DET
cblr-7157	768	21	majority	majority	NOUN
cblr-7157	768	22	vote	vote	NOUN
cblr-7157	768	23	or	or	CCONJ
cblr-7157	768	24	other	other	ADJ
cblr-7157	768	25	consent	consent	NOUN
cblr-7157	768	26	of	of	ADP
cblr-7157	768	27	the	the	DET
cblr-7157	768	28	broader	broad	ADJ
cblr-7157	768	29	shareholder	shareholder	NOUN
cblr-7157	768	30	base	base	NOUN
cblr-7157	768	31	.	.	PUNCT
cblr-7157	769	1	thus	thus	ADV
cblr-7157	769	2	,	,	PUNCT
cblr-7157	769	3	the	the	DET
cblr-7157	769	4	right	right	NOUN
cblr-7157	769	5	to	to	PART
cblr-7157	769	6	exclude	exclude	VERB
cblr-7157	769	7	,	,	PUNCT
cblr-7157	769	8	represented	represent	VERB
cblr-7157	769	9	by	by	ADP
cblr-7157	769	10	voting	vote	VERB
cblr-7157	769	11	rights	right	NOUN
cblr-7157	769	12	—	—	PUNCT
cblr-7157	769	13	more	more	ADV
cblr-7157	769	14	specifically	specifically	ADV
cblr-7157	769	15	,	,	PUNCT
cblr-7157	769	16	the	the	DET
cblr-7157	769	17	non	non	ADJ
cblr-7157	769	18	-	-	ADJ
cblr-7157	769	19	excludable	excludable	ADJ
cblr-7157	769	20	right	right	NOUN
cblr-7157	769	21	to	to	PART
cblr-7157	769	22	exclude	exclude	VERB
cblr-7157	769	23	—	—	PUNCT
cblr-7157	769	24	is	be	AUX
cblr-7157	769	25	the	the	DET
cblr-7157	769	26	feature	feature	NOUN
cblr-7157	769	27	of	of	ADP
cblr-7157	769	28	corporate	corporate	ADJ
cblr-7157	769	29	stock	stock	NOUN
cblr-7157	769	30	that	that	PRON
cblr-7157	769	31	most	most	ADV
cblr-7157	769	32	strongly	strongly	ADV
cblr-7157	769	33	supports	support	VERB
cblr-7157	769	34	its	its	PRON
cblr-7157	769	35	construction	construction	NOUN
cblr-7157	769	36	as	as	ADP
cblr-7157	769	37	an	an	DET
cblr-7157	769	38	ownership	ownership	NOUN
cblr-7157	769	39	interest	interest	NOUN
cblr-7157	769	40	.	.	PUNCT
cblr-7157	770	1	this	this	PRON
cblr-7157	770	2	does	do	AUX
cblr-7157	770	3	not	not	PART
cblr-7157	770	4	mean	mean	VERB
cblr-7157	770	5	that	that	SCONJ
cblr-7157	770	6	all	all	DET
cblr-7157	770	7	voting	voting	NOUN
cblr-7157	770	8	constitutes	constitute	VERB
cblr-7157	770	9	a	a	DET
cblr-7157	770	10	strong	strong	ADJ
cblr-7157	770	11	right	right	NOUN
cblr-7157	770	12	of	of	ADP
cblr-7157	770	13	ownership	ownership	NOUN
cblr-7157	770	14	.	.	PUNCT
cblr-7157	771	1	for	for	ADP
cblr-7157	771	2	example	example	NOUN
cblr-7157	771	3	,	,	PUNCT
cblr-7157	771	4	preferred	preferred	ADJ
cblr-7157	771	5	stock	stock	NOUN
cblr-7157	771	6	often	often	ADV
cblr-7157	771	7	has	have	VERB
cblr-7157	771	8	the	the	DET
cblr-7157	771	9	right	right	NOUN
cblr-7157	771	10	to	to	PART
cblr-7157	771	11	vote	vote	VERB
cblr-7157	771	12	on	on	ADP
cblr-7157	771	13	amendments	amendment	NOUN
cblr-7157	771	14	that	that	PRON
cblr-7157	771	15	adversely	adversely	ADV
cblr-7157	771	16	affect	affect	VERB
cblr-7157	771	17	the	the	DET
cblr-7157	771	18	interests	interest	NOUN
cblr-7157	771	19	of	of	ADP
cblr-7157	771	20	the	the	DET
cblr-7157	771	21	preferred.172	preferred.172	NOUN
cblr-7157	771	22	however	however	ADV
cblr-7157	771	23	,	,	PUNCT
cblr-7157	771	24	this	this	PRON
cblr-7157	771	25	is	be	AUX
cblr-7157	771	26	merely	merely	ADV
cblr-7157	771	27	a	a	DET
cblr-7157	771	28	veto	veto	NOUN
cblr-7157	771	29	right	right	NOUN
cblr-7157	771	30	,	,	PUNCT
cblr-7157	771	31	not	not	PART
cblr-7157	771	32	unlike	unlike	ADP
cblr-7157	771	33	the	the	DET
cblr-7157	771	34	rights	right	NOUN
cblr-7157	771	35	held	hold	VERB
cblr-7157	771	36	by	by	ADP
cblr-7157	771	37	other	other	ADJ
cblr-7157	771	38	contractual	contractual	ADJ
cblr-7157	771	39	counterparties	counterpartie	NOUN
cblr-7157	771	40	.	.	PUNCT
cblr-7157	772	1	this	this	DET
cblr-7157	772	2	right	right	NOUN
cblr-7157	772	3	is	be	AUX
cblr-7157	772	4	not	not	PART
cblr-7157	772	5	construed	construe	VERB
cblr-7157	772	6	as	as	ADP
cblr-7157	772	7	a	a	DET
cblr-7157	772	8	right	right	NOUN
cblr-7157	772	9	of	of	ADP
cblr-7157	772	10	ownership	ownership	NOUN
cblr-7157	772	11	because	because	SCONJ
cblr-7157	772	12	it	it	PRON
cblr-7157	772	13	does	do	AUX
cblr-7157	772	14	not	not	PART
cblr-7157	772	15	allow	allow	VERB
cblr-7157	772	16	holders	holder	NOUN
cblr-7157	772	17	to	to	PART
cblr-7157	772	18	elect	elect	VERB
cblr-7157	772	19	or	or	CCONJ
cblr-7157	772	20	remove	remove	VERB
cblr-7157	772	21	directors,173	directors,173	NOUN
cblr-7157	773	1	and	and	CCONJ
cblr-7157	773	2	therefore	therefore	ADV
cblr-7157	773	3	it	it	PRON
cblr-7157	773	4	does	do	AUX
cblr-7157	773	5	not	not	PART
cblr-7157	773	6	encompass	encompass	VERB
cblr-7157	773	7	the	the	DET
cblr-7157	773	8	residual	residual	ADJ
cblr-7157	773	9	control	control	NOUN
cblr-7157	773	10	right	right	NOUN
cblr-7157	773	11	to	to	PART
cblr-7157	773	12	exclude	exclude	VERB
cblr-7157	773	13	.	.	PUNCT
cblr-7157	774	1	it	it	PRON
cblr-7157	774	2	is	be	AUX
cblr-7157	774	3	true	true	ADJ
cblr-7157	774	4	that	that	SCONJ
cblr-7157	774	5	individual	individual	ADJ
cblr-7157	774	6	shareholders	shareholder	NOUN
cblr-7157	774	7	can	can	AUX
cblr-7157	774	8	sometimes	sometimes	ADV
cblr-7157	774	9	be	be	AUX
cblr-7157	774	10	forced	force	VERB
cblr-7157	774	11	to	to	PART
cblr-7157	774	12	sell	sell	VERB
cblr-7157	774	13	their	their	PRON
cblr-7157	774	14	shares	share	NOUN
cblr-7157	774	15	—	—	PUNCT
cblr-7157	774	16	for	for	ADP
cblr-7157	774	17	example	example	NOUN
cblr-7157	774	18	,	,	PUNCT
cblr-7157	774	19	in	in	ADP
cblr-7157	774	20	freezeout	freezeout	NOUN
cblr-7157	774	21	mergers	merger	NOUN
cblr-7157	774	22	in	in	ADP
cblr-7157	774	23	which	which	PRON
cblr-7157	774	24	minority	minority	NOUN
cblr-7157	774	25	shareholders	shareholder	NOUN
cblr-7157	774	26	are	be	AUX
cblr-7157	774	27	cashed	cash	VERB
cblr-7157	774	28	out.174	out.174	ADV
cblr-7157	774	29	there	there	PRON
cblr-7157	774	30	are	be	VERB
cblr-7157	774	31	three	three	NUM
cblr-7157	774	32	important	important	ADJ
cblr-7157	774	33	reasons	reason	NOUN
cblr-7157	774	34	why	why	SCONJ
cblr-7157	774	35	this	this	PRON
cblr-7157	774	36	does	do	AUX
cblr-7157	774	37	not	not	PART
cblr-7157	774	38	make	make	VERB
cblr-7157	774	39	the	the	DET
cblr-7157	774	40	right	right	NOUN
cblr-7157	774	41	to	to	PART
cblr-7157	774	42	exclude	exclude	VERB
cblr-7157	774	43	excludable	excludable	ADJ
cblr-7157	774	44	.	.	PUNCT
cblr-7157	775	1	first	first	ADV
cblr-7157	775	2	,	,	PUNCT
cblr-7157	775	3	shareholders	shareholder	NOUN
cblr-7157	775	4	can	can	AUX
cblr-7157	775	5	not	not	PART
cblr-7157	775	6	be	be	AUX
cblr-7157	775	7	forced	force	VERB
cblr-7157	775	8	to	to	PART
cblr-7157	775	9	give	give	VERB
cblr-7157	775	10	up	up	ADP
cblr-7157	775	11	their	their	PRON
cblr-7157	775	12	shares	share	NOUN
cblr-7157	775	13	without	without	ADP
cblr-7157	775	14	the	the	DET
cblr-7157	775	15	(	(	PUNCT
cblr-7157	775	16	at	at	ADP
cblr-7157	775	17	least	least	ADJ
cblr-7157	775	18	majority	majority	NOUN
cblr-7157	775	19	)	)	PUNCT
cblr-7157	775	20	consent	consent	NOUN
cblr-7157	775	21	of	of	ADP
cblr-7157	775	22	the	the	DET
cblr-7157	775	23	shares	share	NOUN
cblr-7157	775	24	themselves.175	themselves.175	VERB
cblr-7157	775	25	in	in	ADP
cblr-7157	775	26	the	the	DET
cblr-7157	775	27	event	event	NOUN
cblr-7157	775	28	that	that	SCONJ
cblr-7157	775	29	shares	share	NOUN
cblr-7157	775	30	are	be	AUX
cblr-7157	775	31	frozen	freeze	VERB
cblr-7157	775	32	out	out	ADP
cblr-7157	775	33	without	without	ADP
cblr-7157	775	34	a	a	DET
cblr-7157	775	35	vote	vote	NOUN
cblr-7157	775	36	(	(	PUNCT
cblr-7157	775	37	as	as	ADP
cblr-7157	775	38	in	in	ADP
cblr-7157	775	39	a	a	DET
cblr-7157	775	40	short	short	ADJ
cblr-7157	775	41	-	-	PUNCT
cblr-7157	775	42	form	form	NOUN
cblr-7157	775	43	merger	merger	NOUN
cblr-7157	775	44	)	)	PUNCT
cblr-7157	775	45	,	,	PUNCT
cblr-7157	775	46	shareholders	shareholder	NOUN
cblr-7157	775	47	have	have	VERB
cblr-7157	775	48	the	the	DET
cblr-7157	775	49	right	right	NOUN
cblr-7157	775	50	to	to	PART
cblr-7157	775	51	be	be	AUX
cblr-7157	775	52	paid	pay	VERB
cblr-7157	775	53	the	the	DET
cblr-7157	775	54	fair	fair	ADJ
cblr-7157	775	55	value	value	NOUN
cblr-7157	775	56	of	of	ADP
cblr-7157	775	57	their	their	PRON
cblr-7157	775	58	shares	share	NOUN
cblr-7157	775	59	in	in	ADP
cblr-7157	775	60	171	171	NUM
cblr-7157	775	61	model	model	NOUN
cblr-7157	775	62	bus	bus	NOUN
cblr-7157	775	63	.	.	PUNCT
cblr-7157	776	1	corp	corp	PROPN
cblr-7157	776	2	.	.	PROPN
cblr-7157	776	3	act	act	PROPN
cblr-7157	776	4	§	§	PROPN
cblr-7157	776	5	§	§	PROPN
cblr-7157	776	6	6.01(b	6.01(b	PROPN
cblr-7157	776	7	)	)	PUNCT
cblr-7157	776	8	,	,	PUNCT
cblr-7157	776	9	6.03(c	6.03(c	PROPN
cblr-7157	776	10	)	)	PUNCT
cblr-7157	776	11	(	(	PUNCT
cblr-7157	776	12	am	be	AUX
cblr-7157	776	13	.	.	PUNCT
cblr-7157	777	1	bar	bar	NOUN
cblr-7157	777	2	ass’n	ass’n	NUM
cblr-7157	777	3	2016	2016	NUM
cblr-7157	777	4	)	)	PUNCT
cblr-7157	777	5	.	.	PUNCT
cblr-7157	778	1	172	172	NUM
cblr-7157	778	2	see	see	VERB
cblr-7157	778	3	,	,	PUNCT
cblr-7157	778	4	e.g.	e.g.	ADV
cblr-7157	778	5	,	,	PUNCT
cblr-7157	778	6	del	del	PROPN
cblr-7157	778	7	.	.	PROPN
cblr-7157	778	8	code	code	PROPN
cblr-7157	778	9	ann	ann	PROPN
cblr-7157	778	10	.	.	PUNCT
cblr-7157	779	1	tit	tit	PROPN
cblr-7157	779	2	.	.	PROPN
cblr-7157	780	1	8	8	NUM
cblr-7157	780	2	,	,	PUNCT
cblr-7157	780	3	§	§	PROPN
cblr-7157	780	4	242(b)(2	242(b)(2	NUM
cblr-7157	780	5	)	)	PUNCT
cblr-7157	780	6	(	(	PUNCT
cblr-7157	780	7	2019	2019	NUM
cblr-7157	780	8	)	)	PUNCT
cblr-7157	780	9	.	.	PUNCT
cblr-7157	781	1	173	173	NUM
cblr-7157	781	2	a	a	DET
cblr-7157	781	3	closer	close	ADJ
cblr-7157	781	4	case	case	NOUN
cblr-7157	781	5	are	be	AUX
cblr-7157	781	6	provisions	provision	NOUN
cblr-7157	781	7	that	that	PRON
cblr-7157	781	8	allow	allow	VERB
cblr-7157	781	9	preferred	preferred	ADJ
cblr-7157	781	10	shareholders	shareholder	NOUN
cblr-7157	781	11	or	or	CCONJ
cblr-7157	781	12	even	even	ADV
cblr-7157	781	13	debt	debt	NOUN
cblr-7157	781	14	holders	holder	NOUN
cblr-7157	781	15	to	to	PART
cblr-7157	781	16	vote	vote	VERB
cblr-7157	781	17	for	for	ADP
cblr-7157	781	18	directors	director	NOUN
cblr-7157	781	19	under	under	ADP
cblr-7157	781	20	certain	certain	ADJ
cblr-7157	781	21	contingencies	contingency	NOUN
cblr-7157	781	22	,	,	PUNCT
cblr-7157	781	23	such	such	ADJ
cblr-7157	781	24	as	as	ADP
cblr-7157	781	25	the	the	DET
cblr-7157	781	26	nonpayment	nonpayment	NOUN
cblr-7157	781	27	of	of	ADP
cblr-7157	781	28	dividends	dividend	NOUN
cblr-7157	781	29	or	or	CCONJ
cblr-7157	781	30	interest	interest	NOUN
cblr-7157	781	31	.	.	PUNCT
cblr-7157	782	1	174	174	NUM
cblr-7157	782	2	see	see	VERB
cblr-7157	782	3	zohar	zohar	PROPN
cblr-7157	782	4	goshen	goshen	PROPN
cblr-7157	782	5	&	&	CCONJ
cblr-7157	782	6	assaf	assaf	PROPN
cblr-7157	782	7	hamdani	hamdani	PROPN
cblr-7157	782	8	,	,	PUNCT
cblr-7157	782	9	corporate	corporate	ADJ
cblr-7157	782	10	control	control	NOUN
cblr-7157	782	11	and	and	CCONJ
cblr-7157	782	12	idiosyncratic	idiosyncratic	ADJ
cblr-7157	782	13	vision	vision	NOUN
cblr-7157	782	14	,	,	PUNCT
cblr-7157	782	15	125	125	NUM
cblr-7157	782	16	yale	yale	PROPN
cblr-7157	782	17	l.j	l.j	PROPN
cblr-7157	782	18	.	.	PROPN
cblr-7157	782	19	560	560	NUM
cblr-7157	782	20	,	,	PUNCT
cblr-7157	782	21	611	611	NUM
cblr-7157	782	22	(	(	PUNCT
cblr-7157	782	23	2016	2016	NUM
cblr-7157	782	24	)	)	PUNCT
cblr-7157	782	25	.	.	PUNCT
cblr-7157	783	1	175	175	NUM
cblr-7157	783	2	see	see	VERB
cblr-7157	783	3	i	i	PRON
cblr-7157	783	4	d.	d.	PROPN
cblr-7157	783	5	at	at	ADP
cblr-7157	783	6	612–13	612–13	NUM
cblr-7157	783	7	.	.	PUNCT
cblr-7157	784	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	784	2	(	(	PUNCT
cblr-7157	784	3	do	do	AUX
cblr-7157	784	4	not	not	PART
cblr-7157	784	5	delte	delte	VERB
cblr-7157	784	6	)	)	PUNCT
cblr-7157	784	7	10/2/2020	10/2/2020	NUM
cblr-7157	784	8	11:44	11:44	NUM
cblr-7157	784	9	am	be	AUX
cblr-7157	784	10	52	52	NUM
cblr-7157	784	11	columbia	columbia	PROPN
cblr-7157	784	12	business	business	NOUN
cblr-7157	784	13	law	law	PROPN
cblr-7157	784	14	review	review	NOUN
cblr-7157	784	15	[	[	X
cblr-7157	784	16	vol	vol	NOUN
cblr-7157	784	17	.	.	PUNCT
cblr-7157	784	18	2020	2020	NUM
cblr-7157	785	1	appraisal.176	appraisal.176	NOUN
cblr-7157	785	2	in	in	ADP
cblr-7157	785	3	contrast	contrast	NOUN
cblr-7157	785	4	,	,	PUNCT
cblr-7157	785	5	directors	director	NOUN
cblr-7157	785	6	can	can	AUX
cblr-7157	785	7	be	be	AUX
cblr-7157	785	8	removed	remove	VERB
cblr-7157	785	9	at	at	ADP
cblr-7157	785	10	any	any	DET
cblr-7157	785	11	time	time	NOUN
cblr-7157	785	12	without	without	ADP
cblr-7157	785	13	their	their	PRON
cblr-7157	785	14	individual	individual	ADJ
cblr-7157	785	15	or	or	CCONJ
cblr-7157	785	16	collective	collective	ADJ
cblr-7157	785	17	consent	consent	NOUN
cblr-7157	785	18	,	,	PUNCT
cblr-7157	785	19	and	and	CCONJ
cblr-7157	785	20	without	without	ADP
cblr-7157	785	21	any	any	DET
cblr-7157	785	22	compensation.177	compensation.177	ADJ
cblr-7157	785	23	second	second	NOUN
cblr-7157	785	24	,	,	PUNCT
cblr-7157	785	25	the	the	DET
cblr-7157	785	26	mere	mere	ADJ
cblr-7157	785	27	fact	fact	NOUN
cblr-7157	785	28	that	that	SCONJ
cblr-7157	785	29	one	one	PRON
cblr-7157	785	30	can	can	AUX
cblr-7157	785	31	be	be	AUX
cblr-7157	785	32	forced	force	VERB
cblr-7157	785	33	to	to	PART
cblr-7157	785	34	sell	sell	VERB
cblr-7157	785	35	does	do	AUX
cblr-7157	785	36	not	not	PART
cblr-7157	785	37	defeat	defeat	VERB
cblr-7157	785	38	property	property	NOUN
cblr-7157	785	39	status	status	NOUN
cblr-7157	785	40	;	;	PUNCT
cblr-7157	785	41	co	co	NOUN
cblr-7157	785	42	-	-	NOUN
cblr-7157	785	43	owners	owner	NOUN
cblr-7157	785	44	of	of	ADP
cblr-7157	785	45	property	property	NOUN
cblr-7157	785	46	can	can	AUX
cblr-7157	785	47	be	be	AUX
cblr-7157	785	48	forced	force	VERB
cblr-7157	785	49	to	to	PART
cblr-7157	785	50	sell	sell	VERB
cblr-7157	785	51	too	too	ADV
cblr-7157	785	52	,	,	PUNCT
cblr-7157	785	53	so	so	SCONJ
cblr-7157	785	54	that	that	PRON
cblr-7157	785	55	does	do	AUX
cblr-7157	785	56	not	not	PART
cblr-7157	785	57	make	make	VERB
cblr-7157	785	58	the	the	DET
cblr-7157	785	59	right	right	NOUN
cblr-7157	785	60	to	to	PART
cblr-7157	785	61	exclude	exclude	VERB
cblr-7157	785	62	excludable	excludable	ADJ
cblr-7157	785	63	.	.	PUNCT
cblr-7157	786	1	third	third	ADV
cblr-7157	786	2	,	,	PUNCT
cblr-7157	786	3	the	the	DET
cblr-7157	786	4	property	property	NOUN
cblr-7157	786	5	theory	theory	NOUN
cblr-7157	786	6	does	do	AUX
cblr-7157	786	7	not	not	PART
cblr-7157	786	8	protect	protect	VERB
cblr-7157	786	9	shareholders	shareholder	NOUN
cblr-7157	786	10	,	,	PUNCT
cblr-7157	786	11	but	but	CCONJ
cblr-7157	786	12	rather	rather	ADV
cblr-7157	786	13	the	the	DET
cblr-7157	786	14	shares	share	NOUN
cblr-7157	786	15	that	that	PRON
cblr-7157	786	16	represent	represent	VERB
cblr-7157	786	17	their	their	PRON
cblr-7157	786	18	ownership	ownership	NOUN
cblr-7157	786	19	interests.178	interests.178	DET
cblr-7157	786	20	shareholders	shareholder	NOUN
cblr-7157	786	21	may	may	AUX
cblr-7157	786	22	be	be	AUX
cblr-7157	786	23	forced	force	VERB
cblr-7157	786	24	to	to	PART
cblr-7157	786	25	sell	sell	VERB
cblr-7157	786	26	their	their	PRON
cblr-7157	786	27	shares	share	NOUN
cblr-7157	786	28	,	,	PUNCT
cblr-7157	786	29	but	but	CCONJ
cblr-7157	786	30	the	the	DET
cblr-7157	786	31	shares	share	NOUN
cblr-7157	786	32	themselves	themselves	PRON
cblr-7157	786	33	must	must	AUX
cblr-7157	786	34	remain	remain	VERB
cblr-7157	786	35	outstanding	outstanding	ADJ
cblr-7157	786	36	at	at	ADP
cblr-7157	786	37	all	all	DET
cblr-7157	786	38	times	time	NOUN
cblr-7157	786	39	.	.	PUNCT
cblr-7157	787	1	these	these	DET
cblr-7157	787	2	features	feature	NOUN
cblr-7157	787	3	are	be	AUX
cblr-7157	787	4	unique	unique	ADJ
cblr-7157	787	5	among	among	ADP
cblr-7157	787	6	all	all	DET
cblr-7157	787	7	the	the	DET
cblr-7157	787	8	claims	claim	NOUN
cblr-7157	787	9	on	on	ADP
cblr-7157	787	10	the	the	DET
cblr-7157	787	11	corporation	corporation	NOUN
cblr-7157	787	12	.	.	PUNCT
cblr-7157	788	1	the	the	DET
cblr-7157	788	2	voting	voting	NOUN
cblr-7157	788	3	interest	interest	NOUN
cblr-7157	788	4	,	,	PUNCT
cblr-7157	788	5	therefore	therefore	ADV
cblr-7157	788	6	,	,	PUNCT
cblr-7157	788	7	is	be	AUX
cblr-7157	788	8	the	the	DET
cblr-7157	788	9	key	key	ADJ
cblr-7157	788	10	attribute	attribute	NOUN
cblr-7157	788	11	that	that	PRON
cblr-7157	788	12	identifies	identify	VERB
cblr-7157	788	13	property	property	NOUN
cblr-7157	788	14	rights	right	NOUN
cblr-7157	788	15	within	within	ADP
cblr-7157	788	16	the	the	DET
cblr-7157	788	17	corporation	corporation	NOUN
cblr-7157	788	18	.	.	PUNCT
cblr-7157	789	1	perhaps	perhaps	ADV
cblr-7157	789	2	the	the	DET
cblr-7157	789	3	most	most	ADV
cblr-7157	789	4	instructive	instructive	ADJ
cblr-7157	789	5	comparison	comparison	NOUN
cblr-7157	789	6	in	in	ADP
cblr-7157	789	7	isolating	isolate	VERB
cblr-7157	789	8	the	the	DET
cblr-7157	789	9	unique	unique	ADJ
cblr-7157	789	10	ownership	ownership	NOUN
cblr-7157	789	11	interests	interest	NOUN
cblr-7157	789	12	in	in	ADP
cblr-7157	789	13	the	the	DET
cblr-7157	789	14	corporation	corporation	NOUN
cblr-7157	789	15	is	be	AUX
cblr-7157	789	16	to	to	PART
cblr-7157	789	17	consider	consider	VERB
cblr-7157	789	18	corporations	corporation	NOUN
cblr-7157	789	19	that	that	PRON
cblr-7157	789	20	are	be	AUX
cblr-7157	789	21	unowned	unowne	VERB
cblr-7157	789	22	—	—	PUNCT
cblr-7157	789	23	specifically	specifically	ADV
cblr-7157	789	24	,	,	PUNCT
cblr-7157	789	25	nonprofit	nonprofit	ADJ
cblr-7157	789	26	corporations	corporation	NOUN
cblr-7157	789	27	,	,	PUNCT
cblr-7157	789	28	which	which	PRON
cblr-7157	789	29	have	have	VERB
cblr-7157	789	30	no	no	DET
cblr-7157	789	31	owners.179	owners.179	NOUN
cblr-7157	789	32	in	in	ADP
cblr-7157	789	33	examining	examine	VERB
cblr-7157	789	34	the	the	DET
cblr-7157	789	35	role	role	NOUN
cblr-7157	789	36	of	of	ADP
cblr-7157	789	37	formal	formal	ADJ
cblr-7157	789	38	control	control	NOUN
cblr-7157	789	39	,	,	PUNCT
cblr-7157	789	40	the	the	DET
cblr-7157	789	41	leading	lead	VERB
cblr-7157	789	42	theorist	theorist	NOUN
cblr-7157	789	43	on	on	ADP
cblr-7157	789	44	business	business	NOUN
cblr-7157	789	45	ownership	ownership	NOUN
cblr-7157	789	46	,	,	PUNCT
cblr-7157	789	47	henry	henry	PROPN
cblr-7157	789	48	hansmann	hansmann	PROPN
cblr-7157	789	49	,	,	PUNCT
cblr-7157	789	50	examined	examine	VERB
cblr-7157	789	51	in	in	ADP
cblr-7157	789	52	his	his	PRON
cblr-7157	789	53	classic	classic	ADJ
cblr-7157	789	54	work	work	NOUN
cblr-7157	789	55	the	the	DET
cblr-7157	789	56	case	case	NOUN
cblr-7157	789	57	of	of	ADP
cblr-7157	789	58	a	a	DET
cblr-7157	789	59	widely	widely	ADV
cblr-7157	789	60	held	hold	VERB
cblr-7157	789	61	public	public	ADJ
cblr-7157	789	62	corporation	corporation	NOUN
cblr-7157	789	63	with	with	ADP
cblr-7157	789	64	little	little	ADJ
cblr-7157	789	65	shareholder	shareholder	NOUN
cblr-7157	789	66	control.180	control.180	NOUN
cblr-7157	789	67	he	he	PRON
cblr-7157	789	68	classified	classify	VERB
cblr-7157	789	69	this	this	PRON
cblr-7157	789	70	as	as	ADP
cblr-7157	789	71	an	an	DET
cblr-7157	789	72	“	"	PUNCT
cblr-7157	789	73	investor	investor	NOUN
cblr-7157	789	74	-	-	PUNCT
cblr-7157	789	75	owned	own	VERB
cblr-7157	789	76	”	"	PUNCT
cblr-7157	789	77	firm.181	firm.181	NOUN
cblr-7157	789	78	he	he	PRON
cblr-7157	789	79	asked	ask	VERB
cblr-7157	789	80	what	what	DET
cblr-7157	789	81	difference	difference	NOUN
cblr-7157	789	82	it	it	PRON
cblr-7157	789	83	would	would	AUX
cblr-7157	789	84	make	make	VERB
cblr-7157	789	85	if	if	SCONJ
cblr-7157	789	86	we	we	PRON
cblr-7157	789	87	took	take	VERB
cblr-7157	789	88	away	away	ADV
cblr-7157	789	89	the	the	DET
cblr-7157	789	90	formal	formal	ADJ
cblr-7157	789	91	voting	voting	NOUN
cblr-7157	789	92	rights	right	NOUN
cblr-7157	789	93	of	of	ADP
cblr-7157	789	94	shareholders	shareholder	NOUN
cblr-7157	789	95	and	and	CCONJ
cblr-7157	789	96	replaced	replace	VERB
cblr-7157	789	97	them	they	PRON
cblr-7157	789	98	with	with	ADP
cblr-7157	789	99	formal	formal	ADJ
cblr-7157	789	100	voting	voting	NOUN
cblr-7157	789	101	rights	right	NOUN
cblr-7157	789	102	that	that	PRON
cblr-7157	789	103	were	be	AUX
cblr-7157	789	104	ineffective	ineffective	ADJ
cblr-7157	789	105	to	to	PART
cblr-7157	789	106	control	control	VERB
cblr-7157	789	107	by	by	ADP
cblr-7157	789	108	assumption.182	assumption.182	PROPN
cblr-7157	789	109	the	the	DET
cblr-7157	789	110	conclusion	conclusion	NOUN
cblr-7157	789	111	is	be	AUX
cblr-7157	789	112	that	that	SCONJ
cblr-7157	789	113	the	the	DET
cblr-7157	789	114	resulting	result	VERB
cblr-7157	789	115	entity	entity	NOUN
cblr-7157	789	116	,	,	PUNCT
cblr-7157	789	117	although	although	SCONJ
cblr-7157	789	118	engaged	engage	VERB
cblr-7157	789	119	in	in	ADP
cblr-7157	789	120	business	business	NOUN
cblr-7157	789	121	,	,	PUNCT
cblr-7157	789	122	would	would	AUX
cblr-7157	789	123	be	be	AUX
cblr-7157	789	124	essentially	essentially	ADV
cblr-7157	789	125	a	a	DET
cblr-7157	789	126	nonprofit	nonprofit	ADJ
cblr-7157	789	127	—	—	PUNCT
cblr-7157	789	128	albeit	albeit	SCONJ
cblr-7157	789	129	one	one	NUM
cblr-7157	789	130	with	with	ADP
cblr-7157	789	131	shareholders	shareholder	NOUN
cblr-7157	789	132	as	as	SCONJ
cblr-7157	789	133	176	176	NUM
cblr-7157	789	134	see	see	VERB
cblr-7157	789	135	george	george	PROPN
cblr-7157	789	136	s.	s.	PROPN
cblr-7157	789	137	geis	geis	PROPN
cblr-7157	789	138	,	,	PUNCT
cblr-7157	789	139	an	an	DET
cblr-7157	789	140	appraisal	appraisal	NOUN
cblr-7157	789	141	puzzle	puzzle	NOUN
cblr-7157	789	142	,	,	PUNCT
cblr-7157	789	143	105	105	NUM
cblr-7157	789	144	nw	nw	X
cblr-7157	789	145	.	.	PUNCT
cblr-7157	789	146	u.	u.	PROPN
cblr-7157	789	147	l.	l.	PROPN
cblr-7157	789	148	rev	rev	PROPN
cblr-7157	789	149	.	.	PROPN
cblr-7157	789	150	1635	1635	NUM
cblr-7157	789	151	,	,	PUNCT
cblr-7157	789	152	1641–42	1641–42	NUM
cblr-7157	789	153	,	,	PUNCT
cblr-7157	789	154	1648	1648	NUM
cblr-7157	789	155	(	(	PUNCT
cblr-7157	789	156	2011	2011	NUM
cblr-7157	789	157	)	)	PUNCT
cblr-7157	789	158	.	.	PUNCT
cblr-7157	790	1	177	177	NUM
cblr-7157	790	2	see	see	VERB
cblr-7157	790	3	del	del	PROPN
cblr-7157	790	4	.	.	PROPN
cblr-7157	790	5	code	code	PROPN
cblr-7157	790	6	ann	ann	PROPN
cblr-7157	790	7	.	.	PUNCT
cblr-7157	791	1	tit	tit	PROPN
cblr-7157	791	2	.	.	PROPN
cblr-7157	792	1	8	8	NUM
cblr-7157	792	2	,	,	PUNCT
cblr-7157	792	3	§	§	PROPN
cblr-7157	792	4	141(k	141(k	NUM
cblr-7157	792	5	)	)	PUNCT
cblr-7157	792	6	(	(	PUNCT
cblr-7157	792	7	2019	2019	NUM
cblr-7157	792	8	)	)	PUNCT
cblr-7157	792	9	.	.	PUNCT
cblr-7157	793	1	178	178	NUM
cblr-7157	793	2	this	this	DET
cblr-7157	793	3	point	point	NOUN
cblr-7157	793	4	is	be	AUX
cblr-7157	793	5	a	a	DET
cblr-7157	793	6	subtle	subtle	ADJ
cblr-7157	793	7	but	but	CCONJ
cblr-7157	793	8	important	important	ADJ
cblr-7157	793	9	one	one	NUM
cblr-7157	793	10	.	.	PUNCT
cblr-7157	794	1	if	if	SCONJ
cblr-7157	794	2	the	the	DET
cblr-7157	794	3	property	property	NOUN
cblr-7157	794	4	right	right	NOUN
cblr-7157	794	5	protected	protect	VERB
cblr-7157	794	6	the	the	DET
cblr-7157	794	7	interests	interest	NOUN
cblr-7157	794	8	of	of	ADP
cblr-7157	794	9	shareholders	shareholder	NOUN
cblr-7157	794	10	as	as	ADP
cblr-7157	794	11	individuals	individual	NOUN
cblr-7157	794	12	,	,	PUNCT
cblr-7157	794	13	then	then	ADV
cblr-7157	794	14	the	the	DET
cblr-7157	794	15	board	board	NOUN
cblr-7157	794	16	would	would	AUX
cblr-7157	794	17	have	have	VERB
cblr-7157	794	18	a	a	DET
cblr-7157	794	19	duty	duty	NOUN
cblr-7157	794	20	to	to	PART
cblr-7157	794	21	obey	obey	VERB
cblr-7157	794	22	the	the	DET
cblr-7157	794	23	majority	majority	NOUN
cblr-7157	794	24	will	will	AUX
cblr-7157	794	25	,	,	PUNCT
cblr-7157	794	26	even	even	ADV
cblr-7157	794	27	if	if	SCONJ
cblr-7157	794	28	it	it	PRON
cblr-7157	794	29	harms	harm	VERB
cblr-7157	794	30	the	the	DET
cblr-7157	794	31	minority	minority	NOUN
cblr-7157	794	32	.	.	PUNCT
cblr-7157	795	1	this	this	PRON
cblr-7157	795	2	is	be	AUX
cblr-7157	795	3	not	not	PART
cblr-7157	795	4	the	the	DET
cblr-7157	795	5	case	case	NOUN
cblr-7157	795	6	,	,	PUNCT
cblr-7157	795	7	however	however	ADV
cblr-7157	795	8	,	,	PUNCT
cblr-7157	795	9	as	as	SCONJ
cblr-7157	795	10	fiduciary	fiduciary	ADJ
cblr-7157	795	11	duties	duty	NOUN
cblr-7157	795	12	of	of	ADP
cblr-7157	795	13	the	the	DET
cblr-7157	795	14	board	board	NOUN
cblr-7157	795	15	attach	attach	VERB
cblr-7157	795	16	to	to	ADP
cblr-7157	795	17	the	the	DET
cblr-7157	795	18	minority	minority	NOUN
cblr-7157	795	19	interests	interest	NOUN
cblr-7157	795	20	as	as	ADV
cblr-7157	795	21	well	well	ADV
cblr-7157	795	22	.	.	PUNCT
cblr-7157	796	1	179	179	NUM
cblr-7157	796	2	see	see	VERB
cblr-7157	796	3	henry	henry	PROPN
cblr-7157	796	4	hansmann	hansmann	PROPN
cblr-7157	796	5	,	,	PUNCT
cblr-7157	796	6	the	the	DET
cblr-7157	796	7	ownership	ownership	NOUN
cblr-7157	796	8	of	of	ADP
cblr-7157	796	9	enterprise	enterprise	NOUN
cblr-7157	796	10	7	7	NUM
cblr-7157	796	11	(	(	PUNCT
cblr-7157	796	12	1996	1996	NUM
cblr-7157	796	13	)	)	PUNCT
cblr-7157	796	14	(	(	PUNCT
cblr-7157	796	15	describing	describe	VERB
cblr-7157	796	16	nonprofit	nonprofit	ADJ
cblr-7157	796	17	firms	firm	NOUN
cblr-7157	796	18	as	as	ADP
cblr-7157	796	19	those	those	PRON
cblr-7157	796	20	that	that	PRON
cblr-7157	796	21	“	"	PUNCT
cblr-7157	796	22	have	have	VERB
cblr-7157	796	23	no	no	DET
cblr-7157	796	24	owners	owner	NOUN
cblr-7157	796	25	at	at	ADV
cblr-7157	796	26	all	all	ADV
cblr-7157	796	27	”	"	PUNCT
cblr-7157	796	28	)	)	PUNCT
cblr-7157	796	29	.	.	PUNCT
cblr-7157	797	1	180	180	NUM
cblr-7157	797	2	see	see	VERB
cblr-7157	797	3	i	i	PRON
cblr-7157	797	4	d.	d.	PROPN
cblr-7157	797	5	at	at	ADP
cblr-7157	797	6	1–3	1–3	PROPN
cblr-7157	797	7	.	.	PROPN
cblr-7157	798	1	181	181	NUM
cblr-7157	799	1	i	i	PRON
cblr-7157	799	2	d.	d.	NOUN
cblr-7157	799	3	182	182	NUM
cblr-7157	800	1	i	i	PRON
cblr-7157	800	2	d.	d.	PROPN
cblr-7157	800	3	at	at	ADP
cblr-7157	800	4	61	61	NUM
cblr-7157	800	5	.	.	PUNCT
cblr-7157	801	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	801	2	(	(	PUNCT
cblr-7157	801	3	do	do	AUX
cblr-7157	801	4	not	not	PART
cblr-7157	801	5	delete	delete	VERB
cblr-7157	801	6	)	)	PUNCT
cblr-7157	801	7	10/2/2020	10/2/2020	NUM
cblr-7157	801	8	11:44	11:44	NUM
cblr-7157	801	9	am	be	AUX
cblr-7157	801	10	no	no	NOUN
cblr-7157	801	11	.	.	PUNCT
cblr-7157	801	12	1:1	1:1	NUM
cblr-7157	801	13	]	]	X
cblr-7157	801	14	a	a	DET
cblr-7157	801	15	property	property	NOUN
cblr-7157	801	16	theory	theory	NOUN
cblr-7157	801	17	53	53	NUM
cblr-7157	801	18	beneficiaries.183	beneficiaries.183	NOUN
cblr-7157	801	19	the	the	DET
cblr-7157	801	20	firm	firm	NOUN
cblr-7157	801	21	would	would	AUX
cblr-7157	801	22	not	not	PART
cblr-7157	801	23	have	have	VERB
cblr-7157	801	24	owners	owner	NOUN
cblr-7157	801	25	.	.	PUNCT
cblr-7157	802	1	thus	thus	ADV
cblr-7157	802	2	,	,	PUNCT
cblr-7157	802	3	formal	formal	ADJ
cblr-7157	802	4	voting	voting	NOUN
cblr-7157	802	5	control	control	NOUN
cblr-7157	802	6	is	be	AUX
cblr-7157	802	7	necessary	necessary	ADJ
cblr-7157	802	8	for	for	ADP
cblr-7157	802	9	ownership	ownership	NOUN
cblr-7157	802	10	,	,	PUNCT
cblr-7157	802	11	and	and	CCONJ
cblr-7157	802	12	economic	economic	ADJ
cblr-7157	802	13	residual	residual	ADJ
cblr-7157	802	14	is	be	AUX
cblr-7157	802	15	not	not	PART
cblr-7157	802	16	a	a	DET
cblr-7157	802	17	sufficient	sufficient	ADJ
cblr-7157	802	18	standalone	standalone	ADJ
cblr-7157	802	19	basis	basis	NOUN
cblr-7157	802	20	to	to	PART
cblr-7157	802	21	find	find	VERB
cblr-7157	802	22	ownership	ownership	NOUN
cblr-7157	802	23	.	.	PUNCT
cblr-7157	803	1	one	one	PRON
cblr-7157	803	2	might	might	AUX
cblr-7157	803	3	ask	ask	VERB
cblr-7157	803	4	how	how	SCONJ
cblr-7157	803	5	voting	voting	NOUN
cblr-7157	803	6	power	power	NOUN
cblr-7157	803	7	can	can	AUX
cblr-7157	803	8	be	be	AUX
cblr-7157	803	9	the	the	DET
cblr-7157	803	10	marker	marker	NOUN
cblr-7157	803	11	for	for	ADP
cblr-7157	803	12	ownership	ownership	NOUN
cblr-7157	803	13	,	,	PUNCT
cblr-7157	803	14	and	and	CCONJ
cblr-7157	803	15	yet	yet	ADV
cblr-7157	803	16	the	the	DET
cblr-7157	803	17	nonprofit	nonprofit	ADJ
cblr-7157	803	18	be	be	AUX
cblr-7157	803	19	unowned	unowne	VERB
cblr-7157	803	20	.	.	PUNCT
cblr-7157	804	1	after	after	ADV
cblr-7157	804	2	all	all	ADV
cblr-7157	804	3	,	,	PUNCT
cblr-7157	804	4	nonprofit	nonprofit	ADJ
cblr-7157	804	5	corporations	corporation	NOUN
cblr-7157	804	6	have	have	VERB
cblr-7157	804	7	those	those	PRON
cblr-7157	804	8	who	who	PRON
cblr-7157	804	9	exercise	exercise	VERB
cblr-7157	804	10	voting	voting	NOUN
cblr-7157	804	11	power	power	NOUN
cblr-7157	804	12	too	too	ADV
cblr-7157	804	13	.	.	PUNCT
cblr-7157	805	1	although	although	SCONJ
cblr-7157	805	2	hansmann	hansmann	NOUN
cblr-7157	805	3	does	do	AUX
cblr-7157	805	4	not	not	PART
cblr-7157	805	5	directly	directly	ADV
cblr-7157	805	6	address	address	VERB
cblr-7157	805	7	this	this	DET
cblr-7157	805	8	question	question	NOUN
cblr-7157	805	9	,	,	PUNCT
cblr-7157	805	10	the	the	DET
cblr-7157	805	11	key	key	NOUN
cblr-7157	805	12	to	to	ADP
cblr-7157	805	13	resolving	resolve	VERB
cblr-7157	805	14	the	the	DET
cblr-7157	805	15	puzzle	puzzle	NOUN
cblr-7157	805	16	is	be	AUX
cblr-7157	805	17	the	the	DET
cblr-7157	805	18	fact	fact	NOUN
cblr-7157	805	19	that	that	SCONJ
cblr-7157	805	20	voting	voting	NOUN
cblr-7157	805	21	power	power	NOUN
cblr-7157	805	22	can	can	AUX
cblr-7157	805	23	not	not	PART
cblr-7157	805	24	be	be	AUX
cblr-7157	805	25	sold	sell	VERB
cblr-7157	805	26	by	by	ADP
cblr-7157	805	27	those	those	PRON
cblr-7157	805	28	holding	hold	VERB
cblr-7157	805	29	it	it	PRON
cblr-7157	805	30	in	in	ADP
cblr-7157	805	31	a	a	DET
cblr-7157	805	32	nonprofit.184	nonprofit.184	NUM
cblr-7157	805	33	the	the	DET
cblr-7157	805	34	right	right	NOUN
cblr-7157	805	35	to	to	PART
cblr-7157	805	36	sell	sell	VERB
cblr-7157	805	37	voting	voting	NOUN
cblr-7157	805	38	power	power	NOUN
cblr-7157	805	39	is	be	AUX
cblr-7157	805	40	an	an	DET
cblr-7157	805	41	economic	economic	ADJ
cblr-7157	805	42	residual	residual	ADJ
cblr-7157	805	43	right	right	NOUN
cblr-7157	805	44	.	.	PUNCT
cblr-7157	806	1	the	the	DET
cblr-7157	806	2	rights	right	NOUN
cblr-7157	806	3	of	of	ADP
cblr-7157	806	4	shares	share	NOUN
cblr-7157	806	5	are	be	AUX
cblr-7157	806	6	often	often	ADV
cblr-7157	806	7	thought	think	VERB
cblr-7157	806	8	of	of	ADP
cblr-7157	806	9	as	as	ADP
cblr-7157	806	10	the	the	DET
cblr-7157	806	11	right	right	NOUN
cblr-7157	806	12	to	to	PART
cblr-7157	806	13	vote	vote	VERB
cblr-7157	806	14	and	and	CCONJ
cblr-7157	806	15	the	the	DET
cblr-7157	806	16	right	right	NOUN
cblr-7157	806	17	to	to	PART
cblr-7157	806	18	sell	sell	VERB
cblr-7157	806	19	,	,	PUNCT
cblr-7157	806	20	but	but	CCONJ
cblr-7157	806	21	just	just	ADV
cblr-7157	806	22	as	as	ADP
cblr-7157	806	23	fundamental	fundamental	ADJ
cblr-7157	806	24	is	be	AUX
cblr-7157	806	25	the	the	DET
cblr-7157	806	26	right	right	NOUN
cblr-7157	806	27	to	to	PART
cblr-7157	806	28	sell	sell	VERB
cblr-7157	806	29	the	the	DET
cblr-7157	806	30	vote	vote	NOUN
cblr-7157	806	31	.	.	PUNCT
cblr-7157	807	1	this	this	DET
cblr-7157	807	2	differentiates	differentiate	NOUN
cblr-7157	807	3	share	share	VERB
cblr-7157	807	4	voting	voting	NOUN
cblr-7157	807	5	from	from	ADP
cblr-7157	807	6	the	the	DET
cblr-7157	807	7	authority	authority	NOUN
cblr-7157	807	8	of	of	ADP
cblr-7157	807	9	the	the	DET
cblr-7157	807	10	board	board	NOUN
cblr-7157	807	11	.	.	PUNCT
cblr-7157	808	1	the	the	DET
cblr-7157	808	2	board	board	NOUN
cblr-7157	808	3	can	can	AUX
cblr-7157	808	4	appoint	appoint	VERB
cblr-7157	808	5	new	new	ADJ
cblr-7157	808	6	members	member	NOUN
cblr-7157	808	7	to	to	ADP
cblr-7157	808	8	its	its	PRON
cblr-7157	808	9	ranks	rank	NOUN
cblr-7157	808	10	,	,	PUNCT
cblr-7157	808	11	or	or	CCONJ
cblr-7157	808	12	even	even	ADV
cblr-7157	808	13	its	its	PRON
cblr-7157	808	14	own	own	ADJ
cblr-7157	808	15	replacements	replacement	NOUN
cblr-7157	808	16	for	for	ADP
cblr-7157	808	17	a	a	DET
cblr-7157	808	18	time	time	NOUN
cblr-7157	808	19	,	,	PUNCT
cblr-7157	808	20	but	but	CCONJ
cblr-7157	808	21	can	can	AUX
cblr-7157	808	22	not	not	PART
cblr-7157	808	23	sell	sell	VERB
cblr-7157	808	24	that	that	DET
cblr-7157	808	25	right	right	NOUN
cblr-7157	808	26	.	.	PUNCT
cblr-7157	809	1	shareholders	shareholder	NOUN
cblr-7157	809	2	can	can	AUX
cblr-7157	809	3	sell	sell	VERB
cblr-7157	809	4	that	that	DET
cblr-7157	809	5	right	right	NOUN
cblr-7157	809	6	,	,	PUNCT
cblr-7157	809	7	and	and	CCONJ
cblr-7157	809	8	as	as	ADP
cblr-7157	809	9	a	a	DET
cblr-7157	809	10	result	result	NOUN
cblr-7157	809	11	,	,	PUNCT
cblr-7157	809	12	there	there	PRON
cblr-7157	809	13	are	be	VERB
cblr-7157	809	14	no	no	DET
cblr-7157	809	15	voting	voting	NOUN
cblr-7157	809	16	rights	right	NOUN
cblr-7157	809	17	in	in	ADP
cblr-7157	809	18	the	the	DET
cblr-7157	809	19	corporation	corporation	NOUN
cblr-7157	809	20	that	that	PRON
cblr-7157	809	21	do	do	AUX
cblr-7157	809	22	not	not	PART
cblr-7157	809	23	also	also	ADV
cblr-7157	809	24	constitute	constitute	VERB
cblr-7157	809	25	,	,	PUNCT
cblr-7157	809	26	at	at	ADP
cblr-7157	809	27	least	least	ADJ
cblr-7157	809	28	in	in	ADP
cblr-7157	809	29	part	part	NOUN
cblr-7157	809	30	,	,	PUNCT
cblr-7157	809	31	residual	residual	ADJ
cblr-7157	809	32	economic	economic	ADJ
cblr-7157	809	33	rights	right	NOUN
cblr-7157	809	34	.	.	PUNCT
cblr-7157	810	1	this	this	DET
cblr-7157	810	2	section	section	NOUN
cblr-7157	810	3	has	have	AUX
cblr-7157	810	4	attempted	attempt	VERB
cblr-7157	810	5	to	to	PART
cblr-7157	810	6	bridge	bridge	VERB
cblr-7157	810	7	the	the	DET
cblr-7157	810	8	theoretical	theoretical	ADJ
cblr-7157	810	9	disjunction	disjunction	NOUN
cblr-7157	810	10	between	between	ADP
cblr-7157	810	11	property	property	NOUN
cblr-7157	810	12	law	law	NOUN
cblr-7157	810	13	and	and	CCONJ
cblr-7157	810	14	corporate	corporate	ADJ
cblr-7157	810	15	law	law	NOUN
cblr-7157	810	16	to	to	PART
cblr-7157	810	17	show	show	VERB
cblr-7157	810	18	that	that	SCONJ
cblr-7157	810	19	there	there	PRON
cblr-7157	810	20	are	be	VERB
cblr-7157	810	21	property	property	NOUN
cblr-7157	810	22	aspects	aspect	NOUN
cblr-7157	810	23	in	in	ADP
cblr-7157	810	24	corporate	corporate	ADJ
cblr-7157	810	25	law	law	NOUN
cblr-7157	810	26	.	.	PUNCT
cblr-7157	811	1	corporate	corporate	ADJ
cblr-7157	811	2	law	law	NOUN
cblr-7157	811	3	scholarship	scholarship	NOUN
cblr-7157	811	4	frequently	frequently	ADV
cblr-7157	811	5	addresses	address	VERB
cblr-7157	811	6	what	what	PRON
cblr-7157	811	7	corporations	corporation	NOUN
cblr-7157	811	8	are	be	AUX
cblr-7157	811	9	,	,	PUNCT
cblr-7157	811	10	but	but	CCONJ
cblr-7157	811	11	addresses	address	NOUN
cblr-7157	811	12	far	far	ADV
cblr-7157	811	13	less	less	ADV
cblr-7157	811	14	frequently	frequently	ADV
cblr-7157	811	15	what	what	PRON
cblr-7157	811	16	property	property	NOUN
cblr-7157	811	17	is	be	AUX
cblr-7157	811	18	.	.	PUNCT
cblr-7157	812	1	the	the	DET
cblr-7157	812	2	failure	failure	NOUN
cblr-7157	812	3	to	to	PART
cblr-7157	812	4	engage	engage	VERB
cblr-7157	812	5	seriously	seriously	ADV
cblr-7157	812	6	with	with	ADP
cblr-7157	812	7	property	property	NOUN
cblr-7157	812	8	theory	theory	NOUN
cblr-7157	812	9	bears	bear	VERB
cblr-7157	812	10	much	much	ADJ
cblr-7157	812	11	of	of	ADP
cblr-7157	812	12	the	the	DET
cblr-7157	812	13	blame	blame	NOUN
cblr-7157	812	14	for	for	ADP
cblr-7157	812	15	the	the	DET
cblr-7157	812	16	contractarian	contractarian	ADJ
cblr-7157	812	17	excesses	excess	NOUN
cblr-7157	812	18	in	in	ADP
cblr-7157	812	19	corporate	corporate	ADJ
cblr-7157	812	20	law	law	NOUN
cblr-7157	812	21	literature	literature	NOUN
cblr-7157	812	22	.	.	PUNCT
cblr-7157	813	1	this	this	DET
cblr-7157	813	2	part	part	NOUN
cblr-7157	813	3	has	have	AUX
cblr-7157	813	4	attempted	attempt	VERB
cblr-7157	813	5	to	to	PART
cblr-7157	813	6	use	use	VERB
cblr-7157	813	7	property	property	NOUN
cblr-7157	813	8	theory	theory	NOUN
cblr-7157	813	9	to	to	PART
cblr-7157	813	10	shed	shed	VERB
cblr-7157	813	11	light	light	NOUN
cblr-7157	813	12	on	on	ADP
cblr-7157	813	13	the	the	DET
cblr-7157	813	14	property	property	NOUN
cblr-7157	813	15	interests	interest	NOUN
cblr-7157	813	16	in	in	ADP
cblr-7157	813	17	the	the	DET
cblr-7157	813	18	corporation	corporation	NOUN
cblr-7157	813	19	.	.	PUNCT
cblr-7157	814	1	although	although	SCONJ
cblr-7157	814	2	this	this	DET
cblr-7157	814	3	section	section	NOUN
cblr-7157	814	4	identified	identify	VERB
cblr-7157	814	5	the	the	DET
cblr-7157	814	6	right	right	NOUN
cblr-7157	814	7	to	to	PART
cblr-7157	814	8	exclude	exclude	VERB
cblr-7157	814	9	as	as	ADP
cblr-7157	814	10	the	the	DET
cblr-7157	814	11	strongest	strong	ADJ
cblr-7157	814	12	marker	marker	NOUN
cblr-7157	814	13	for	for	ADP
cblr-7157	814	14	property	property	NOUN
cblr-7157	814	15	,	,	PUNCT
cblr-7157	814	16	even	even	ADV
cblr-7157	814	17	those	those	PRON
cblr-7157	814	18	who	who	PRON
cblr-7157	814	19	do	do	AUX
cblr-7157	814	20	not	not	PART
cblr-7157	814	21	subscribe	subscribe	VERB
cblr-7157	814	22	to	to	ADP
cblr-7157	814	23	183	183	NUM
cblr-7157	814	24	i	i	PROPN
cblr-7157	814	25	d.	d.	PROPN
cblr-7157	814	26	(	(	PUNCT
cblr-7157	814	27	explaining	explain	VERB
cblr-7157	814	28	that	that	SCONJ
cblr-7157	814	29	the	the	DET
cblr-7157	814	30	result	result	NOUN
cblr-7157	814	31	of	of	ADP
cblr-7157	814	32	removing	remove	VERB
cblr-7157	814	33	the	the	DET
cblr-7157	814	34	votes	vote	NOUN
cblr-7157	814	35	“	"	PUNCT
cblr-7157	814	36	would	would	AUX
cblr-7157	814	37	be	be	AUX
cblr-7157	814	38	a	a	DET
cblr-7157	814	39	firm	firm	NOUN
cblr-7157	814	40	that	that	PRON
cblr-7157	814	41	is	be	AUX
cblr-7157	814	42	formally	formally	ADV
cblr-7157	814	43	nonprofit	nonprofit	ADJ
cblr-7157	814	44	”	"	PUNCT
cblr-7157	814	45	)	)	PUNCT
cblr-7157	814	46	.	.	PUNCT
cblr-7157	815	1	although	although	SCONJ
cblr-7157	815	2	it	it	PRON
cblr-7157	815	3	perhaps	perhaps	ADV
cblr-7157	815	4	seems	seem	VERB
cblr-7157	815	5	incongruous	incongruous	ADJ
cblr-7157	815	6	to	to	PART
cblr-7157	815	7	think	think	VERB
cblr-7157	815	8	of	of	ADP
cblr-7157	815	9	a	a	DET
cblr-7157	815	10	business	business	NOUN
cblr-7157	815	11	firm	firm	NOUN
cblr-7157	815	12	without	without	ADP
cblr-7157	815	13	voting	vote	VERB
cblr-7157	815	14	rights	right	NOUN
cblr-7157	815	15	as	as	ADP
cblr-7157	815	16	a	a	DET
cblr-7157	815	17	nonprofit	nonprofit	NOUN
cblr-7157	815	18	,	,	PUNCT
cblr-7157	815	19	as	as	SCONJ
cblr-7157	815	20	professor	professor	NOUN
cblr-7157	815	21	hansmann	hansmann	NOUN
cblr-7157	815	22	points	point	VERB
cblr-7157	815	23	out	out	ADP
cblr-7157	815	24	nonprofits	nonprofit	NOUN
cblr-7157	815	25	are	be	AUX
cblr-7157	815	26	not	not	PART
cblr-7157	815	27	prohibited	prohibit	VERB
cblr-7157	815	28	from	from	ADP
cblr-7157	815	29	earning	earn	VERB
cblr-7157	815	30	profits	profit	NOUN
cblr-7157	815	31	.	.	PUNCT
cblr-7157	816	1	i	i	PRON
cblr-7157	816	2	d.	d.	PROPN
cblr-7157	816	3	at	at	ADP
cblr-7157	816	4	228	228	NUM
cblr-7157	816	5	.	.	PUNCT
cblr-7157	817	1	rather	rather	ADV
cblr-7157	817	2	,	,	PUNCT
cblr-7157	817	3	“	"	PUNCT
cblr-7157	817	4	the	the	DET
cblr-7157	817	5	critical	critical	ADJ
cblr-7157	817	6	characteristic	characteristic	NOUN
cblr-7157	817	7	of	of	ADP
cblr-7157	817	8	a	a	DET
cblr-7157	817	9	nonprofit	nonprofit	ADJ
cblr-7157	817	10	firm	firm	NOUN
cblr-7157	817	11	is	be	AUX
cblr-7157	817	12	that	that	SCONJ
cblr-7157	817	13	it	it	PRON
cblr-7157	817	14	is	be	AUX
cblr-7157	817	15	barred	bar	VERB
cblr-7157	817	16	from	from	ADP
cblr-7157	817	17	distributing	distribute	VERB
cblr-7157	817	18	any	any	DET
cblr-7157	817	19	profits	profit	NOUN
cblr-7157	817	20	it	it	PRON
cblr-7157	817	21	earns	earn	VERB
cblr-7157	817	22	to	to	ADP
cblr-7157	817	23	persons	person	NOUN
cblr-7157	817	24	who	who	PRON
cblr-7157	817	25	exercise	exercise	VERB
cblr-7157	817	26	control	control	NOUN
cblr-7157	817	27	over	over	ADP
cblr-7157	817	28	the	the	DET
cblr-7157	817	29	firm	firm	NOUN
cblr-7157	817	30	.	.	PUNCT
cblr-7157	817	31	”	"	PUNCT
cblr-7157	818	1	i	i	PRON
cblr-7157	818	2	d.	d.	VERB
cblr-7157	818	3	in	in	ADP
cblr-7157	818	4	this	this	DET
cblr-7157	818	5	context	context	NOUN
cblr-7157	818	6	,	,	PUNCT
cblr-7157	818	7	voting	voting	NOUN
cblr-7157	818	8	rights	right	NOUN
cblr-7157	818	9	are	be	AUX
cblr-7157	818	10	the	the	DET
cblr-7157	818	11	“	"	PUNCT
cblr-7157	818	12	control	control	NOUN
cblr-7157	818	13	.	.	PUNCT
cblr-7157	818	14	”	"	PUNCT
cblr-7157	819	1	184	184	NUM
cblr-7157	819	2	see	see	VERB
cblr-7157	819	3	usha	usha	PROPN
cblr-7157	819	4	rodrigues	rodrigues	PROPN
cblr-7157	819	5	,	,	PUNCT
cblr-7157	819	6	entity	entity	NOUN
cblr-7157	819	7	and	and	CCONJ
cblr-7157	819	8	identity	identity	NOUN
cblr-7157	819	9	,	,	PUNCT
cblr-7157	819	10	60	60	NUM
cblr-7157	819	11	emory	emory	PROPN
cblr-7157	819	12	l.j	l.j	PROPN
cblr-7157	819	13	.	.	PROPN
cblr-7157	819	14	1257	1257	NUM
cblr-7157	819	15	,	,	PUNCT
cblr-7157	819	16	1267	1267	NUM
cblr-7157	819	17	–	–	PUNCT
cblr-7157	819	18	68	68	NUM
cblr-7157	819	19	(	(	PUNCT
cblr-7157	819	20	2011	2011	NUM
cblr-7157	819	21	)	)	PUNCT
cblr-7157	819	22	(	(	PUNCT
cblr-7157	819	23	explaining	explain	VERB
cblr-7157	819	24	that	that	SCONJ
cblr-7157	819	25	participants	participant	NOUN
cblr-7157	819	26	in	in	ADP
cblr-7157	819	27	non	non	NOUN
cblr-7157	819	28	-	-	NOUN
cblr-7157	819	29	profits	profit	NOUN
cblr-7157	819	30	can	can	AUX
cblr-7157	819	31	not	not	PART
cblr-7157	819	32	sell	sell	VERB
cblr-7157	819	33	their	their	PRON
cblr-7157	819	34	interests	interest	NOUN
cblr-7157	819	35	,	,	PUNCT
cblr-7157	819	36	thus	thus	ADV
cblr-7157	819	37	taking	take	VERB
cblr-7157	819	38	away	away	ADP
cblr-7157	819	39	the	the	DET
cblr-7157	819	40	“	"	PUNCT
cblr-7157	819	41	market	market	NOUN
cblr-7157	819	42	for	for	ADP
cblr-7157	819	43	corporate	corporate	ADJ
cblr-7157	819	44	control	control	NOUN
cblr-7157	819	45	”	"	PUNCT
cblr-7157	819	46	that	that	PRON
cblr-7157	819	47	exists	exist	VERB
cblr-7157	819	48	with	with	ADP
cblr-7157	819	49	for	for	ADP
cblr-7157	819	50	-	-	PUNCT
cblr-7157	819	51	profit	profit	NOUN
cblr-7157	819	52	corporations	corporation	NOUN
cblr-7157	819	53	)	)	PUNCT
cblr-7157	819	54	.	.	PUNCT
cblr-7157	820	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	820	2	(	(	PUNCT
cblr-7157	820	3	do	do	AUX
cblr-7157	820	4	not	not	PART
cblr-7157	820	5	delte	delte	VERB
cblr-7157	820	6	)	)	PUNCT
cblr-7157	820	7	10/2/2020	10/2/2020	NUM
cblr-7157	820	8	11:44	11:44	NUM
cblr-7157	820	9	am	am	NOUN
cblr-7157	820	10	54	54	NUM
cblr-7157	820	11	columbia	columbia	PROPN
cblr-7157	820	12	business	business	NOUN
cblr-7157	820	13	law	law	PROPN
cblr-7157	820	14	review	review	NOUN
cblr-7157	821	1	[	[	X
cblr-7157	821	2	vol	vol	NOUN
cblr-7157	821	3	.	.	PUNCT
cblr-7157	821	4	2020	2020	NUM
cblr-7157	821	5	“	"	PUNCT
cblr-7157	821	6	exclusion	exclusion	NOUN
cblr-7157	821	7	theory	theory	NOUN
cblr-7157	821	8	”	"	PUNCT
cblr-7157	821	9	also	also	ADV
cblr-7157	821	10	consider	consider	VERB
cblr-7157	821	11	at	at	ADP
cblr-7157	821	12	least	least	ADJ
cblr-7157	821	13	some	some	PRON
cblr-7157	821	14	corporations	corporation	NOUN
cblr-7157	821	15	and	and	CCONJ
cblr-7157	821	16	other	other	ADJ
cblr-7157	821	17	business	business	NOUN
cblr-7157	821	18	organizations	organization	NOUN
cblr-7157	821	19	to	to	PART
cblr-7157	821	20	constitute	constitute	VERB
cblr-7157	821	21	property	property	NOUN
cblr-7157	821	22	—	—	PUNCT
cblr-7157	821	23	“	"	PUNCT
cblr-7157	821	24	governance	governance	NOUN
cblr-7157	821	25	property	property	NOUN
cblr-7157	821	26	.	.	PUNCT
cblr-7157	821	27	”185	”185	PUNCT
cblr-7157	822	1	indeed	indeed	ADV
cblr-7157	822	2	,	,	PUNCT
cblr-7157	822	3	governance	governance	NOUN
cblr-7157	822	4	property	property	NOUN
cblr-7157	822	5	is	be	AUX
cblr-7157	822	6	thought	think	VERB
cblr-7157	822	7	of	of	ADP
cblr-7157	822	8	as	as	ADP
cblr-7157	822	9	a	a	DET
cblr-7157	822	10	multiple	multiple	ADJ
cblr-7157	822	11	owner	owner	NOUN
cblr-7157	822	12	property,186	property,186	PROPN
cblr-7157	822	13	which	which	PRON
cblr-7157	822	14	closely	closely	ADV
cblr-7157	822	15	parallels	parallel	VERB
cblr-7157	822	16	the	the	DET
cblr-7157	822	17	argument	argument	NOUN
cblr-7157	822	18	that	that	SCONJ
cblr-7157	822	19	the	the	DET
cblr-7157	822	20	corporation	corporation	NOUN
cblr-7157	822	21	is	be	AUX
cblr-7157	822	22	an	an	DET
cblr-7157	822	23	ownership	ownership	NOUN
cblr-7157	822	24	structure	structure	NOUN
cblr-7157	822	25	.	.	PUNCT
cblr-7157	823	1	c.	c.	NOUN
cblr-7157	823	2	the	the	DET
cblr-7157	823	3	property	property	NOUN
cblr-7157	823	4	-	-	PUNCT
cblr-7157	823	5	contract	contract	NOUN
cblr-7157	823	6	borderline	borderline	NOUN
cblr-7157	823	7	:	:	PUNCT
cblr-7157	823	8	replicability	replicability	NOUN
cblr-7157	823	9	of	of	ADP
cblr-7157	823	10	corporate	corporate	ADJ
cblr-7157	823	11	law	law	NOUN
cblr-7157	823	12	the	the	DET
cblr-7157	823	13	previous	previous	ADJ
cblr-7157	823	14	section	section	NOUN
cblr-7157	823	15	provided	provide	VERB
cblr-7157	823	16	a	a	DET
cblr-7157	823	17	foundation	foundation	NOUN
cblr-7157	823	18	for	for	ADP
cblr-7157	823	19	the	the	DET
cblr-7157	823	20	existence	existence	NOUN
cblr-7157	823	21	of	of	ADP
cblr-7157	823	22	property	property	NOUN
cblr-7157	823	23	rights	right	NOUN
cblr-7157	823	24	in	in	ADP
cblr-7157	823	25	corporate	corporate	ADJ
cblr-7157	823	26	law	law	NOUN
cblr-7157	823	27	.	.	PUNCT
cblr-7157	824	1	it	it	PRON
cblr-7157	824	2	did	do	AUX
cblr-7157	824	3	not	not	PART
cblr-7157	824	4	,	,	PUNCT
cblr-7157	824	5	however	however	ADV
cblr-7157	824	6	,	,	PUNCT
cblr-7157	824	7	delineate	delineate	VERB
cblr-7157	824	8	the	the	DET
cblr-7157	824	9	breadth	breadth	NOUN
cblr-7157	824	10	and	and	CCONJ
cblr-7157	824	11	depth	depth	NOUN
cblr-7157	824	12	of	of	ADP
cblr-7157	824	13	these	these	DET
cblr-7157	824	14	property	property	NOUN
cblr-7157	824	15	rights	right	NOUN
cblr-7157	824	16	versus	versus	ADP
cblr-7157	824	17	contract	contract	NOUN
cblr-7157	824	18	rights	right	NOUN
cblr-7157	824	19	.	.	PUNCT
cblr-7157	825	1	the	the	DET
cblr-7157	825	2	breadth	breadth	NOUN
cblr-7157	825	3	issue	issue	NOUN
cblr-7157	825	4	addresses	address	VERB
cblr-7157	825	5	a	a	DET
cblr-7157	825	6	boundary	boundary	ADJ
cblr-7157	825	7	question	question	NOUN
cblr-7157	825	8	:	:	PUNCT
cblr-7157	825	9	which	which	DET
cblr-7157	825	10	rights	right	NOUN
cblr-7157	825	11	are	be	AUX
cblr-7157	825	12	property	property	NOUN
cblr-7157	825	13	rights	right	NOUN
cblr-7157	825	14	and	and	CCONJ
cblr-7157	825	15	which	which	PRON
cblr-7157	825	16	are	be	AUX
cblr-7157	825	17	contract	contract	NOUN
cblr-7157	825	18	rights	right	NOUN
cblr-7157	825	19	?	?	PUNCT
cblr-7157	826	1	as	as	SCONJ
cblr-7157	826	2	mentioned	mention	VERB
cblr-7157	826	3	previously	previously	ADV
cblr-7157	826	4	,	,	PUNCT
cblr-7157	826	5	shareholders	shareholder	NOUN
cblr-7157	826	6	often	often	ADV
cblr-7157	826	7	hold	hold	VERB
cblr-7157	826	8	some	some	DET
cblr-7157	826	9	proprietary	proprietary	ADJ
cblr-7157	826	10	claims	claim	NOUN
cblr-7157	826	11	and	and	CCONJ
cblr-7157	826	12	some	some	DET
cblr-7157	826	13	contractual	contractual	ADJ
cblr-7157	826	14	claims	claim	NOUN
cblr-7157	826	15	,	,	PUNCT
cblr-7157	826	16	and	and	CCONJ
cblr-7157	826	17	classifying	classify	VERB
cblr-7157	826	18	those	those	DET
cblr-7157	826	19	claims	claim	NOUN
cblr-7157	826	20	affects	affect	VERB
cblr-7157	826	21	their	their	PRON
cblr-7157	826	22	treatment	treatment	NOUN
cblr-7157	826	23	under	under	ADP
cblr-7157	826	24	the	the	DET
cblr-7157	826	25	law	law	NOUN
cblr-7157	826	26	.	.	PUNCT
cblr-7157	827	1	the	the	DET
cblr-7157	827	2	depth	depth	NOUN
cblr-7157	827	3	issue	issue	NOUN
cblr-7157	827	4	addresses	address	VERB
cblr-7157	827	5	what	what	DET
cblr-7157	827	6	type	type	NOUN
cblr-7157	827	7	of	of	ADP
cblr-7157	827	8	ownership	ownership	NOUN
cblr-7157	827	9	interests	interest	NOUN
cblr-7157	827	10	shareholders	shareholder	NOUN
cblr-7157	827	11	have	have	VERB
cblr-7157	827	12	.	.	PUNCT
cblr-7157	828	1	are	be	AUX
cblr-7157	828	2	those	those	DET
cblr-7157	828	3	ownership	ownership	NOUN
cblr-7157	828	4	interests	interest	NOUN
cblr-7157	828	5	legal	legal	ADJ
cblr-7157	828	6	,	,	PUNCT
cblr-7157	828	7	equitable	equitable	ADJ
cblr-7157	828	8	,	,	PUNCT
cblr-7157	828	9	or	or	CCONJ
cblr-7157	828	10	both	both	PRON
cblr-7157	828	11	,	,	PUNCT
cblr-7157	828	12	and	and	CCONJ
cblr-7157	828	13	do	do	AUX
cblr-7157	828	14	they	they	PRON
cblr-7157	828	15	attach	attach	VERB
cblr-7157	828	16	to	to	ADP
cblr-7157	828	17	the	the	DET
cblr-7157	828	18	corporation	corporation	NOUN
cblr-7157	828	19	itself	itself	PRON
cblr-7157	828	20	or	or	CCONJ
cblr-7157	828	21	to	to	ADP
cblr-7157	828	22	the	the	DET
cblr-7157	828	23	assets	asset	NOUN
cblr-7157	828	24	of	of	ADP
cblr-7157	828	25	the	the	DET
cblr-7157	828	26	corporation	corporation	NOUN
cblr-7157	828	27	?	?	PUNCT
cblr-7157	829	1	1	1	X
cblr-7157	829	2	.	.	X
cblr-7157	829	3	the	the	DET
cblr-7157	829	4	breadth	breadth	NOUN
cblr-7157	829	5	of	of	ADP
cblr-7157	829	6	property	property	NOUN
cblr-7157	829	7	rights	right	NOUN
cblr-7157	829	8	this	this	DET
cblr-7157	829	9	section	section	NOUN
cblr-7157	829	10	builds	build	VERB
cblr-7157	829	11	the	the	DET
cblr-7157	829	12	property	property	NOUN
cblr-7157	829	13	theory	theory	NOUN
cblr-7157	829	14	from	from	ADP
cblr-7157	829	15	the	the	DET
cblr-7157	829	16	ground	ground	NOUN
cblr-7157	829	17	up	up	ADP
cblr-7157	829	18	using	use	VERB
cblr-7157	829	19	a	a	DET
cblr-7157	829	20	legal	legal	ADJ
cblr-7157	829	21	version	version	NOUN
cblr-7157	829	22	of	of	ADP
cblr-7157	829	23	coase	coase	PROPN
cblr-7157	829	24	’s	’s	PART
cblr-7157	829	25	theory	theory	NOUN
cblr-7157	829	26	of	of	ADP
cblr-7157	829	27	the	the	DET
cblr-7157	829	28	firm	firm	ADJ
cblr-7157	829	29	argument	argument	NOUN
cblr-7157	829	30	.	.	PUNCT
cblr-7157	830	1	coase	coase	PROPN
cblr-7157	830	2	asked	ask	VERB
cblr-7157	830	3	why	why	SCONJ
cblr-7157	830	4	the	the	DET
cblr-7157	830	5	economic	economic	ADJ
cblr-7157	830	6	institution	institution	NOUN
cblr-7157	830	7	of	of	ADP
cblr-7157	830	8	the	the	DET
cblr-7157	830	9	firm	firm	NOUN
cblr-7157	830	10	exists	exist	VERB
cblr-7157	830	11	,	,	PUNCT
cblr-7157	830	12	as	as	SCONJ
cblr-7157	830	13	opposed	oppose	VERB
cblr-7157	830	14	to	to	PART
cblr-7157	830	15	simply	simply	ADV
cblr-7157	830	16	allowing	allow	VERB
cblr-7157	830	17	market	market	NOUN
cblr-7157	830	18	transactions	transaction	NOUN
cblr-7157	830	19	to	to	ADP
cblr-7157	830	20	185	185	NUM
cblr-7157	830	21	see	see	NOUN
cblr-7157	830	22	alexander	alexander	NOUN
cblr-7157	830	23	,	,	PUNCT
cblr-7157	830	24	supra	supra	PROPN
cblr-7157	830	25	note	note	NOUN
cblr-7157	830	26	79	79	NUM
cblr-7157	830	27	,	,	PUNCT
cblr-7157	830	28	at	at	ADP
cblr-7157	830	29	1856–57	1856–57	ADJ
cblr-7157	830	30	.	.	PUNCT
cblr-7157	831	1	it	it	PRON
cblr-7157	831	2	is	be	AUX
cblr-7157	831	3	unclear	unclear	ADJ
cblr-7157	831	4	why	why	SCONJ
cblr-7157	831	5	alexander	alexander	PROPN
cblr-7157	831	6	mentions	mention	VERB
cblr-7157	831	7	only	only	ADV
cblr-7157	831	8	close	close	ADJ
cblr-7157	831	9	corporations	corporation	NOUN
cblr-7157	831	10	and	and	CCONJ
cblr-7157	831	11	not	not	PART
cblr-7157	831	12	public	public	ADJ
cblr-7157	831	13	corporations	corporation	NOUN
cblr-7157	831	14	.	.	PUNCT
cblr-7157	832	1	186	186	NUM
cblr-7157	832	2	see	see	VERB
cblr-7157	832	3	i	i	PROPN
cblr-7157	832	4	d.	d.	PROPN
cblr-7157	832	5	at	at	ADP
cblr-7157	832	6	1856	1856	NUM
cblr-7157	832	7	.	.	PUNCT
cblr-7157	833	1	alexander	alexander	PROPN
cblr-7157	833	2	argues	argue	VERB
cblr-7157	833	3	that	that	SCONJ
cblr-7157	833	4	the	the	DET
cblr-7157	833	5	“	"	PUNCT
cblr-7157	833	6	exclusion	exclusion	NOUN
cblr-7157	833	7	theory	theory	NOUN
cblr-7157	833	8	”	"	PUNCT
cblr-7157	833	9	such	such	ADJ
cblr-7157	833	10	as	as	ADP
cblr-7157	833	11	that	that	PRON
cblr-7157	833	12	associated	associate	VERB
cblr-7157	833	13	with	with	ADP
cblr-7157	833	14	merrill	merrill	NOUN
cblr-7157	833	15	and	and	CCONJ
cblr-7157	833	16	smith	smith	PROPN
cblr-7157	833	17	ignores	ignore	VERB
cblr-7157	833	18	what	what	PRON
cblr-7157	833	19	happens	happen	VERB
cblr-7157	833	20	among	among	ADP
cblr-7157	833	21	property	property	NOUN
cblr-7157	833	22	stakeholders	stakeholder	NOUN
cblr-7157	833	23	—	—	PUNCT
cblr-7157	833	24	what	what	PRON
cblr-7157	833	25	he	he	PRON
cblr-7157	833	26	calls	call	VERB
cblr-7157	833	27	“	"	PUNCT
cblr-7157	833	28	governance	governance	NOUN
cblr-7157	833	29	property	property	NOUN
cblr-7157	833	30	.	.	PUNCT
cblr-7157	833	31	”	"	PUNCT
cblr-7157	834	1	see	see	VERB
cblr-7157	834	2	i	i	PRON
cblr-7157	834	3	d.	d.	PROPN
cblr-7157	834	4	at	at	ADP
cblr-7157	834	5	1854–55	1854–55	NUM
cblr-7157	834	6	.	.	PUNCT
cblr-7157	835	1	as	as	SCONJ
cblr-7157	835	2	this	this	DET
cblr-7157	835	3	article	article	NOUN
cblr-7157	835	4	uses	use	VERB
cblr-7157	835	5	the	the	DET
cblr-7157	835	6	concept	concept	NOUN
cblr-7157	835	7	of	of	ADP
cblr-7157	835	8	exclusion	exclusion	NOUN
cblr-7157	835	9	to	to	PART
cblr-7157	835	10	draw	draw	VERB
cblr-7157	835	11	property	property	NOUN
cblr-7157	835	12	lines	line	NOUN
cblr-7157	835	13	in	in	ADP
cblr-7157	835	14	the	the	DET
cblr-7157	835	15	corporation	corporation	NOUN
cblr-7157	835	16	,	,	PUNCT
cblr-7157	835	17	the	the	DET
cblr-7157	835	18	use	use	NOUN
cblr-7157	835	19	of	of	ADP
cblr-7157	835	20	governance	governance	NOUN
cblr-7157	835	21	property	property	NOUN
cblr-7157	835	22	may	may	AUX
cblr-7157	835	23	seem	seem	VERB
cblr-7157	835	24	to	to	PART
cblr-7157	835	25	be	be	AUX
cblr-7157	835	26	in	in	ADP
cblr-7157	835	27	tension	tension	NOUN
cblr-7157	835	28	.	.	PUNCT
cblr-7157	836	1	however	however	ADV
cblr-7157	836	2	,	,	PUNCT
cblr-7157	836	3	smith	smith	PROPN
cblr-7157	836	4	responds	respond	VERB
cblr-7157	836	5	,	,	PUNCT
cblr-7157	836	6	relevantly	relevantly	ADV
cblr-7157	836	7	for	for	ADP
cblr-7157	836	8	this	this	DET
cblr-7157	836	9	article	article	NOUN
cblr-7157	836	10	,	,	PUNCT
cblr-7157	836	11	that	that	SCONJ
cblr-7157	836	12	governance	governance	NOUN
cblr-7157	836	13	property	property	NOUN
cblr-7157	836	14	is	be	AUX
cblr-7157	836	15	similar	similar	ADJ
cblr-7157	836	16	to	to	ADP
cblr-7157	836	17	what	what	PRON
cblr-7157	836	18	merrill	merrill	NOUN
cblr-7157	836	19	and	and	CCONJ
cblr-7157	836	20	smith	smith	NOUN
cblr-7157	836	21	refer	refer	VERB
cblr-7157	836	22	to	to	ADP
cblr-7157	836	23	as	as	ADP
cblr-7157	836	24	“	"	PUNCT
cblr-7157	836	25	entity	entity	NOUN
cblr-7157	836	26	property	property	NOUN
cblr-7157	836	27	,	,	PUNCT
cblr-7157	836	28	”	"	PUNCT
cblr-7157	836	29	including	include	VERB
cblr-7157	836	30	corporations	corporation	NOUN
cblr-7157	836	31	.	.	PUNCT
cblr-7157	837	1	see	see	VERB
cblr-7157	837	2	smith	smith	PROPN
cblr-7157	837	3	,	,	PUNCT
cblr-7157	837	4	supra	supra	PROPN
cblr-7157	837	5	note	note	PROPN
cblr-7157	837	6	145	145	NUM
cblr-7157	837	7	,	,	PUNCT
cblr-7157	837	8	at	at	ADP
cblr-7157	837	9	2073–74	2073–74	PROPN
cblr-7157	837	10	n.71	n.71	NOUN
cblr-7157	837	11	.	.	PUNCT
cblr-7157	838	1	thus	thus	ADV
cblr-7157	838	2	,	,	PUNCT
cblr-7157	838	3	it	it	PRON
cblr-7157	838	4	may	may	AUX
cblr-7157	838	5	be	be	AUX
cblr-7157	838	6	said	say	VERB
cblr-7157	838	7	that	that	SCONJ
cblr-7157	838	8	the	the	DET
cblr-7157	838	9	exclusion	exclusion	NOUN
cblr-7157	838	10	approach	approach	NOUN
cblr-7157	838	11	does	do	AUX
cblr-7157	838	12	not	not	PART
cblr-7157	838	13	preclude	preclude	VERB
cblr-7157	838	14	consideration	consideration	NOUN
cblr-7157	838	15	of	of	ADP
cblr-7157	838	16	governance	governance	NOUN
cblr-7157	838	17	property	property	NOUN
cblr-7157	838	18	principles	principle	NOUN
cblr-7157	838	19	.	.	PUNCT
cblr-7157	839	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	839	2	(	(	PUNCT
cblr-7157	839	3	do	do	AUX
cblr-7157	839	4	not	not	PART
cblr-7157	839	5	delete	delete	VERB
cblr-7157	839	6	)	)	PUNCT
cblr-7157	839	7	10/2/2020	10/2/2020	NUM
cblr-7157	839	8	11:44	11:44	NUM
cblr-7157	839	9	am	be	AUX
cblr-7157	839	10	no	no	NOUN
cblr-7157	839	11	.	.	PUNCT
cblr-7157	839	12	1:1	1:1	NUM
cblr-7157	839	13	]	]	X
cblr-7157	839	14	a	a	DET
cblr-7157	839	15	property	property	NOUN
cblr-7157	839	16	theory	theory	NOUN
cblr-7157	839	17	55	55	NUM
cblr-7157	839	18	coordinate	coordinate	NOUN
cblr-7157	839	19	all	all	DET
cblr-7157	839	20	economic	economic	ADJ
cblr-7157	839	21	activity.187	activity.187	NUM
cblr-7157	839	22	coase	coase	NOUN
cblr-7157	839	23	’s	’s	PART
cblr-7157	839	24	theory	theory	NOUN
cblr-7157	839	25	addressed	address	VERB
cblr-7157	839	26	why	why	SCONJ
cblr-7157	839	27	economic	economic	ADJ
cblr-7157	839	28	activity	activity	NOUN
cblr-7157	839	29	is	be	AUX
cblr-7157	839	30	organized	organize	VERB
cblr-7157	839	31	in	in	ADP
cblr-7157	839	32	firms	firm	NOUN
cblr-7157	839	33	,	,	PUNCT
cblr-7157	839	34	but	but	CCONJ
cblr-7157	839	35	not	not	PART
cblr-7157	839	36	why	why	SCONJ
cblr-7157	839	37	economic	economic	ADJ
cblr-7157	839	38	activity	activity	NOUN
cblr-7157	839	39	is	be	AUX
cblr-7157	839	40	organized	organize	VERB
cblr-7157	839	41	in	in	ADP
cblr-7157	839	42	corporations	corporation	NOUN
cblr-7157	839	43	(	(	PUNCT
cblr-7157	839	44	or	or	CCONJ
cblr-7157	839	45	other	other	ADJ
cblr-7157	839	46	legal	legal	ADJ
cblr-7157	839	47	entities	entity	NOUN
cblr-7157	839	48	)	)	PUNCT
cblr-7157	839	49	.	.	PUNCT
cblr-7157	840	1	although	although	SCONJ
cblr-7157	840	2	coase	coase	PROPN
cblr-7157	840	3	referenced	reference	VERB
cblr-7157	840	4	the	the	DET
cblr-7157	840	5	legal	legal	ADJ
cblr-7157	840	6	concepts	concept	NOUN
cblr-7157	840	7	of	of	ADP
cblr-7157	840	8	employees	employee	NOUN
cblr-7157	840	9	and	and	CCONJ
cblr-7157	840	10	independent	independent	ADJ
cblr-7157	840	11	contractors	contractor	NOUN
cblr-7157	840	12	as	as	ADP
cblr-7157	840	13	the	the	DET
cblr-7157	840	14	basis	basis	NOUN
cblr-7157	840	15	of	of	ADP
cblr-7157	840	16	a	a	DET
cblr-7157	840	17	firm	firm	NOUN
cblr-7157	840	18	,	,	PUNCT
cblr-7157	840	19	he	he	PRON
cblr-7157	840	20	did	do	AUX
cblr-7157	840	21	not	not	PART
cblr-7157	840	22	ask	ask	VERB
cblr-7157	840	23	why	why	SCONJ
cblr-7157	840	24	the	the	DET
cblr-7157	840	25	firm	firm	NOUN
cblr-7157	840	26	as	as	ADP
cblr-7157	840	27	a	a	DET
cblr-7157	840	28	legal	legal	ADJ
cblr-7157	840	29	entity	entity	NOUN
cblr-7157	840	30	exists	exist	VERB
cblr-7157	840	31	.	.	PUNCT
cblr-7157	841	1	indeed	indeed	ADV
cblr-7157	841	2	,	,	PUNCT
cblr-7157	841	3	the	the	DET
cblr-7157	841	4	concept	concept	NOUN
cblr-7157	841	5	of	of	ADP
cblr-7157	841	6	a	a	DET
cblr-7157	841	7	coasean	coasean	ADJ
cblr-7157	841	8	firm	firm	NOUN
cblr-7157	841	9	includes	include	VERB
cblr-7157	841	10	a	a	DET
cblr-7157	841	11	sole	sole	ADJ
cblr-7157	841	12	proprietorship	proprietorship	NOUN
cblr-7157	841	13	with	with	ADP
cblr-7157	841	14	employees	employee	NOUN
cblr-7157	841	15	,	,	PUNCT
cblr-7157	841	16	because	because	SCONJ
cblr-7157	841	17	the	the	DET
cblr-7157	841	18	key	key	ADJ
cblr-7157	841	19	aspect	aspect	NOUN
cblr-7157	841	20	of	of	ADP
cblr-7157	841	21	a	a	DET
cblr-7157	841	22	firm	firm	NOUN
cblr-7157	841	23	in	in	ADP
cblr-7157	841	24	coase	coase	PROPN
cblr-7157	841	25	’s	’s	PART
cblr-7157	841	26	account	account	NOUN
cblr-7157	841	27	is	be	AUX
cblr-7157	841	28	the	the	DET
cblr-7157	841	29	hierarchy	hierarchy	NOUN
cblr-7157	841	30	relation	relation	NOUN
cblr-7157	841	31	,	,	PUNCT
cblr-7157	841	32	not	not	PART
cblr-7157	841	33	the	the	DET
cblr-7157	841	34	organizational	organizational	ADJ
cblr-7157	841	35	form.188	form.188	NOUN
cblr-7157	841	36	this	this	DET
cblr-7157	841	37	part	part	NOUN
cblr-7157	841	38	asks	ask	VERB
cblr-7157	841	39	why	why	SCONJ
cblr-7157	841	40	the	the	DET
cblr-7157	841	41	legal	legal	ADJ
cblr-7157	841	42	institution	institution	NOUN
cblr-7157	841	43	of	of	ADP
cblr-7157	841	44	the	the	DET
cblr-7157	841	45	corporation	corporation	NOUN
cblr-7157	841	46	exists	exist	VERB
cblr-7157	841	47	,	,	PUNCT
cblr-7157	841	48	and	and	CCONJ
cblr-7157	841	49	identifies	identify	VERB
cblr-7157	841	50	the	the	DET
cblr-7157	841	51	inability	inability	NOUN
cblr-7157	841	52	to	to	PART
cblr-7157	841	53	replicate	replicate	VERB
cblr-7157	841	54	corporate	corporate	ADJ
cblr-7157	841	55	law	law	NOUN
cblr-7157	841	56	features	feature	VERB
cblr-7157	841	57	through	through	ADP
cblr-7157	841	58	contract	contract	NOUN
cblr-7157	841	59	as	as	ADP
cblr-7157	841	60	the	the	DET
cblr-7157	841	61	reason	reason	NOUN
cblr-7157	841	62	.	.	PUNCT
cblr-7157	842	1	the	the	DET
cblr-7157	842	2	inability	inability	NOUN
cblr-7157	842	3	to	to	PART
cblr-7157	842	4	replicate	replicate	VERB
cblr-7157	842	5	corporate	corporate	ADJ
cblr-7157	842	6	law	law	NOUN
cblr-7157	842	7	features	feature	VERB
cblr-7157	842	8	through	through	ADP
cblr-7157	842	9	contract	contract	NOUN
cblr-7157	842	10	is	be	AUX
cblr-7157	842	11	a	a	DET
cblr-7157	842	12	result	result	NOUN
cblr-7157	842	13	of	of	ADP
cblr-7157	842	14	at	at	ADV
cblr-7157	842	15	least	least	ADV
cblr-7157	842	16	two	two	NUM
cblr-7157	842	17	different	different	ADJ
cblr-7157	842	18	tensions	tension	NOUN
cblr-7157	842	19	.	.	PUNCT
cblr-7157	843	1	one	one	NUM
cblr-7157	843	2	is	be	AUX
cblr-7157	843	3	the	the	DET
cblr-7157	843	4	practical	practical	ADJ
cblr-7157	843	5	impossibility	impossibility	NOUN
cblr-7157	843	6	of	of	ADP
cblr-7157	843	7	providing	provide	VERB
cblr-7157	843	8	for	for	ADP
cblr-7157	843	9	the	the	DET
cblr-7157	843	10	necessary	necessary	ADJ
cblr-7157	843	11	detail	detail	NOUN
cblr-7157	843	12	to	to	PART
cblr-7157	843	13	supply	supply	VERB
cblr-7157	843	14	such	such	DET
cblr-7157	843	15	a	a	DET
cblr-7157	843	16	contractual	contractual	ADJ
cblr-7157	843	17	solution	solution	NOUN
cblr-7157	843	18	,	,	PUNCT
cblr-7157	843	19	as	as	ADP
cblr-7157	843	20	in	in	ADP
cblr-7157	843	21	the	the	DET
cblr-7157	843	22	case	case	NOUN
cblr-7157	843	23	of	of	ADP
cblr-7157	843	24	defining	define	VERB
cblr-7157	843	25	fiduciary	fiduciary	ADJ
cblr-7157	843	26	duties	duty	NOUN
cblr-7157	843	27	.	.	PUNCT
cblr-7157	844	1	the	the	DET
cblr-7157	844	2	other	other	ADJ
cblr-7157	844	3	is	be	AUX
cblr-7157	844	4	the	the	DET
cblr-7157	844	5	practical	practical	ADJ
cblr-7157	844	6	impossibility	impossibility	NOUN
cblr-7157	844	7	of	of	ADP
cblr-7157	844	8	contracting	contracting	NOUN
cblr-7157	844	9	with	with	ADP
cblr-7157	844	10	all	all	DET
cblr-7157	844	11	potential	potential	ADJ
cblr-7157	844	12	claimants	claimant	NOUN
cblr-7157	844	13	on	on	ADP
cblr-7157	844	14	the	the	DET
cblr-7157	844	15	corporation	corporation	NOUN
cblr-7157	844	16	or	or	CCONJ
cblr-7157	844	17	transferees	transferee	NOUN
cblr-7157	844	18	of	of	ADP
cblr-7157	844	19	shares	share	NOUN
cblr-7157	844	20	,	,	PUNCT
cblr-7157	844	21	as	as	ADP
cblr-7157	844	22	in	in	ADP
cblr-7157	844	23	the	the	DET
cblr-7157	844	24	case	case	NOUN
cblr-7157	844	25	of	of	ADP
cblr-7157	844	26	the	the	DET
cblr-7157	844	27	in	in	NOUN
cblr-7157	844	28	rem	rem	X
cblr-7157	844	29	features	feature	NOUN
cblr-7157	844	30	of	of	ADP
cblr-7157	844	31	the	the	DET
cblr-7157	844	32	corporation	corporation	NOUN
cblr-7157	844	33	.	.	PUNCT
cblr-7157	845	1	the	the	DET
cblr-7157	845	2	core	core	ADJ
cblr-7157	845	3	property	property	NOUN
cblr-7157	845	4	-	-	PUNCT
cblr-7157	845	5	like	like	ADJ
cblr-7157	845	6	attributes	attribute	NOUN
cblr-7157	845	7	of	of	ADP
cblr-7157	845	8	the	the	DET
cblr-7157	845	9	corporation	corporation	NOUN
cblr-7157	845	10	involve	involve	VERB
cblr-7157	845	11	one	one	NUM
cblr-7157	845	12	of	of	ADP
cblr-7157	845	13	these	these	DET
cblr-7157	845	14	two	two	NUM
cblr-7157	845	15	impediments	impediment	NOUN
cblr-7157	845	16	to	to	ADP
cblr-7157	845	17	replication	replication	NOUN
cblr-7157	845	18	by	by	ADP
cblr-7157	845	19	contract	contract	NOUN
cblr-7157	845	20	,	,	PUNCT
cblr-7157	845	21	and	and	CCONJ
cblr-7157	845	22	therefore	therefore	ADV
cblr-7157	845	23	must	must	AUX
cblr-7157	845	24	arise	arise	VERB
cblr-7157	845	25	from	from	ADP
cblr-7157	845	26	another	another	DET
cblr-7157	845	27	source	source	NOUN
cblr-7157	845	28	,	,	PUNCT
cblr-7157	845	29	such	such	ADJ
cblr-7157	845	30	as	as	ADP
cblr-7157	845	31	a	a	DET
cblr-7157	845	32	property	property	NOUN
cblr-7157	845	33	interest	interest	NOUN
cblr-7157	845	34	.	.	PUNCT
cblr-7157	846	1	the	the	DET
cblr-7157	846	2	starting	starting	NOUN
cblr-7157	846	3	place	place	NOUN
cblr-7157	846	4	for	for	ADP
cblr-7157	846	5	this	this	DET
cblr-7157	846	6	analysis	analysis	NOUN
cblr-7157	846	7	is	be	AUX
cblr-7157	846	8	to	to	PART
cblr-7157	846	9	note	note	VERB
cblr-7157	846	10	that	that	SCONJ
cblr-7157	846	11	in	in	ADP
cblr-7157	846	12	practice	practice	NOUN
cblr-7157	846	13	,	,	PUNCT
cblr-7157	846	14	a	a	DET
cblr-7157	846	15	business	business	NOUN
cblr-7157	846	16	of	of	ADP
cblr-7157	846	17	any	any	DET
cblr-7157	846	18	significant	significant	ADJ
cblr-7157	846	19	scale	scale	NOUN
cblr-7157	846	20	is	be	AUX
cblr-7157	846	21	organized	organize	VERB
cblr-7157	846	22	in	in	ADP
cblr-7157	846	23	entity	entity	NOUN
cblr-7157	846	24	form	form	NOUN
cblr-7157	846	25	.	.	PUNCT
cblr-7157	847	1	why	why	SCONJ
cblr-7157	847	2	do	do	AUX
cblr-7157	847	3	parties	party	NOUN
cblr-7157	847	4	not	not	PART
cblr-7157	847	5	simply	simply	ADV
cblr-7157	847	6	own	own	VERB
cblr-7157	847	7	business	business	NOUN
cblr-7157	847	8	assets	asset	NOUN
cblr-7157	847	9	directly	directly	ADV
cblr-7157	847	10	and	and	CCONJ
cblr-7157	847	11	use	use	VERB
cblr-7157	847	12	detailed	detailed	ADJ
cblr-7157	847	13	contracts	contract	NOUN
cblr-7157	847	14	to	to	PART
cblr-7157	847	15	regulate	regulate	VERB
cblr-7157	847	16	co	co	NOUN
cblr-7157	847	17	-	-	NOUN
cblr-7157	847	18	ownership	ownership	NOUN
cblr-7157	847	19	and	and	CCONJ
cblr-7157	847	20	governance	governance	NOUN
cblr-7157	847	21	?	?	PUNCT
cblr-7157	848	1	answering	answer	VERB
cblr-7157	848	2	this	this	DET
cblr-7157	848	3	question	question	NOUN
cblr-7157	848	4	requires	require	VERB
cblr-7157	848	5	a	a	DET
cblr-7157	848	6	legal	legal	ADJ
cblr-7157	848	7	adaption	adaption	NOUN
cblr-7157	848	8	of	of	ADP
cblr-7157	848	9	coase	coase	PROPN
cblr-7157	848	10	’s	’s	PART
cblr-7157	848	11	foundational	foundational	ADJ
cblr-7157	848	12	question	question	NOUN
cblr-7157	848	13	.	.	PUNCT
cblr-7157	849	1	why	why	SCONJ
cblr-7157	849	2	do	do	AUX
cblr-7157	849	3	businesses	business	NOUN
cblr-7157	849	4	operate	operate	VERB
cblr-7157	849	5	in	in	ADP
cblr-7157	849	6	corporate	corporate	ADJ
cblr-7157	849	7	form	form	NOUN
cblr-7157	849	8	(	(	PUNCT
cblr-7157	849	9	or	or	CCONJ
cblr-7157	849	10	other	other	ADJ
cblr-7157	849	11	entity	entity	NOUN
cblr-7157	849	12	form	form	NOUN
cblr-7157	849	13	)	)	PUNCT
cblr-7157	849	14	,	,	PUNCT
cblr-7157	849	15	and	and	CCONJ
cblr-7157	849	16	what	what	PRON
cblr-7157	849	17	’s	’	VERB
cblr-7157	849	18	the	the	DET
cblr-7157	849	19	alternative	alternative	NOUN
cblr-7157	849	20	?	?	PUNCT
cblr-7157	850	1	there	there	PRON
cblr-7157	850	2	are	be	VERB
cblr-7157	850	3	two	two	NUM
cblr-7157	850	4	answers	answer	NOUN
cblr-7157	850	5	to	to	ADP
cblr-7157	850	6	this	this	DET
cblr-7157	850	7	question	question	NOUN
cblr-7157	850	8	.	.	PUNCT
cblr-7157	851	1	the	the	DET
cblr-7157	851	2	first	first	ADJ
cblr-7157	851	3	is	be	AUX
cblr-7157	851	4	the	the	DET
cblr-7157	851	5	fairly	fairly	ADV
cblr-7157	851	6	trivial	trivial	ADJ
cblr-7157	851	7	aspect	aspect	NOUN
cblr-7157	851	8	of	of	ADP
cblr-7157	851	9	the	the	DET
cblr-7157	851	10	convenience	convenience	NOUN
cblr-7157	851	11	of	of	ADP
cblr-7157	851	12	a	a	DET
cblr-7157	851	13	legal	legal	ADJ
cblr-7157	851	14	personality	personality	NOUN
cblr-7157	851	15	(	(	PUNCT
cblr-7157	851	16	limited	limited	ADJ
cblr-7157	851	17	liability	liability	NOUN
cblr-7157	851	18	,	,	PUNCT
cblr-7157	851	19	and	and	CCONJ
cblr-7157	851	20	so	so	ADV
cblr-7157	851	21	forth	forth	ADV
cblr-7157	851	22	)	)	PUNCT
cblr-7157	851	23	.	.	PUNCT
cblr-7157	852	1	but	but	CCONJ
cblr-7157	852	2	even	even	ADV
cblr-7157	852	3	this	this	DET
cblr-7157	852	4	answer	answer	NOUN
cblr-7157	852	5	begs	beg	VERB
cblr-7157	852	6	the	the	DET
cblr-7157	852	7	second	second	ADJ
cblr-7157	852	8	question	question	NOUN
cblr-7157	852	9	:	:	PUNCT
cblr-7157	852	10	why	why	SCONJ
cblr-7157	852	11	not	not	PART
cblr-7157	852	12	just	just	ADV
cblr-7157	852	13	reproduce	reproduce	VERB
cblr-7157	852	14	those	those	DET
cblr-7157	852	15	mundane	mundane	ADJ
cblr-7157	852	16	corporate	corporate	ADJ
cblr-7157	852	17	features	feature	NOUN
cblr-7157	852	18	within	within	ADP
cblr-7157	852	19	the	the	DET
cblr-7157	852	20	boundaries	boundary	NOUN
cblr-7157	852	21	of	of	ADP
cblr-7157	852	22	contract	contract	NOUN
cblr-7157	852	23	law	law	NOUN
cblr-7157	852	24	?	?	PUNCT
cblr-7157	853	1	the	the	DET
cblr-7157	853	2	answer	answer	NOUN
cblr-7157	853	3	to	to	ADP
cblr-7157	853	4	this	this	DET
cblr-7157	853	5	question	question	NOUN
cblr-7157	853	6	draws	draw	VERB
cblr-7157	853	7	upon	upon	SCONJ
cblr-7157	853	8	a	a	DET
cblr-7157	853	9	growing	grow	VERB
cblr-7157	853	10	literature	literature	NOUN
cblr-7157	853	11	that	that	PRON
cblr-7157	853	12	recognizes	recognize	VERB
cblr-7157	853	13	the	the	DET
cblr-7157	853	14	fact	fact	NOUN
cblr-7157	853	15	that	that	SCONJ
cblr-7157	853	16	many	many	ADJ
cblr-7157	853	17	aspects	aspect	NOUN
cblr-7157	853	18	of	of	ADP
cblr-7157	853	19	corporate	corporate	ADJ
cblr-7157	853	20	187	187	NUM
cblr-7157	853	21	coase	coase	NOUN
cblr-7157	853	22	,	,	PUNCT
cblr-7157	853	23	supra	supra	PROPN
cblr-7157	853	24	note	note	PROPN
cblr-7157	853	25	19	19	NUM
cblr-7157	853	26	,	,	PUNCT
cblr-7157	853	27	at	at	ADP
cblr-7157	853	28	390	390	NUM
cblr-7157	853	29	.	.	PUNCT
cblr-7157	853	30	188	188	NUM
cblr-7157	853	31	see	see	VERB
cblr-7157	853	32	supra	supra	PROPN
cblr-7157	853	33	notes	note	VERB
cblr-7157	853	34	25–29	25–29	PROPN
cblr-7157	853	35	and	and	CCONJ
cblr-7157	853	36	accompanying	accompany	VERB
cblr-7157	853	37	text	text	NOUN
cblr-7157	853	38	.	.	PUNCT
cblr-7157	854	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	854	2	(	(	PUNCT
cblr-7157	854	3	do	do	AUX
cblr-7157	854	4	not	not	PART
cblr-7157	854	5	delte	delte	VERB
cblr-7157	854	6	)	)	PUNCT
cblr-7157	854	7	10/2/2020	10/2/2020	NUM
cblr-7157	854	8	11:44	11:44	NUM
cblr-7157	854	9	am	be	AUX
cblr-7157	854	10	56	56	NUM
cblr-7157	854	11	columbia	columbia	PROPN
cblr-7157	854	12	business	business	NOUN
cblr-7157	854	13	law	law	PROPN
cblr-7157	854	14	review	review	NOUN
cblr-7157	854	15	[	[	X
cblr-7157	854	16	vol	vol	NOUN
cblr-7157	854	17	.	.	PUNCT
cblr-7157	854	18	2020	2020	NUM
cblr-7157	854	19	(	(	PUNCT
cblr-7157	854	20	and	and	CCONJ
cblr-7157	854	21	other	other	ADJ
cblr-7157	854	22	organizational	organizational	ADJ
cblr-7157	854	23	)	)	PUNCT
cblr-7157	854	24	law	law	NOUN
cblr-7157	854	25	could	could	AUX
cblr-7157	854	26	not	not	PART
cblr-7157	854	27	be	be	AUX
cblr-7157	854	28	replicated	replicate	VERB
cblr-7157	854	29	by	by	ADP
cblr-7157	854	30	contract	contract	NOUN
cblr-7157	854	31	,	,	PUNCT
cblr-7157	854	32	and	and	CCONJ
cblr-7157	854	33	therefore	therefore	ADV
cblr-7157	854	34	business	business	NOUN
cblr-7157	854	35	institutions	institution	NOUN
cblr-7157	854	36	grow	grow	VERB
cblr-7157	854	37	out	out	ADP
cblr-7157	854	38	of	of	ADP
cblr-7157	854	39	other	other	ADJ
cblr-7157	854	40	bodies	body	NOUN
cblr-7157	854	41	of	of	ADP
cblr-7157	854	42	law	law	NOUN
cblr-7157	854	43	,	,	PUNCT
cblr-7157	854	44	such	such	ADJ
cblr-7157	854	45	as	as	ADP
cblr-7157	854	46	property	property	NOUN
cblr-7157	854	47	law	law	NOUN
cblr-7157	854	48	.	.	PUNCT
cblr-7157	855	1	this	this	DET
cblr-7157	855	2	approach	approach	NOUN
cblr-7157	855	3	—	—	PUNCT
cblr-7157	855	4	which	which	PRON
cblr-7157	855	5	this	this	DET
cblr-7157	855	6	part	part	NOUN
cblr-7157	855	7	calls	call	VERB
cblr-7157	855	8	the	the	DET
cblr-7157	855	9	“	"	PUNCT
cblr-7157	855	10	replicability	replicability	NOUN
cblr-7157	855	11	approach”—was	approach”—was	PROPN
cblr-7157	855	12	pioneered	pioneer	VERB
cblr-7157	855	13	by	by	ADP
cblr-7157	855	14	hansmann	hansmann	NOUN
cblr-7157	855	15	and	and	CCONJ
cblr-7157	855	16	kraakman	kraakman	PROPN
cblr-7157	855	17	in	in	ADP
cblr-7157	855	18	their	their	PRON
cblr-7157	855	19	classic	classic	ADJ
cblr-7157	855	20	article	article	NOUN
cblr-7157	855	21	,	,	PUNCT
cblr-7157	855	22	the	the	DET
cblr-7157	855	23	essential	essential	ADJ
cblr-7157	855	24	role	role	NOUN
cblr-7157	855	25	of	of	ADP
cblr-7157	855	26	organizational	organizational	ADJ
cblr-7157	855	27	law.189	law.189	NOUN
cblr-7157	855	28	in	in	ADP
cblr-7157	855	29	that	that	DET
cblr-7157	855	30	work	work	NOUN
cblr-7157	855	31	,	,	PUNCT
cblr-7157	855	32	hansmann	hansmann	NOUN
cblr-7157	855	33	and	and	CCONJ
cblr-7157	855	34	kraakman	kraakman	PROPN
cblr-7157	855	35	examine	examine	VERB
cblr-7157	855	36	the	the	DET
cblr-7157	855	37	unique	unique	ADJ
cblr-7157	855	38	role	role	NOUN
cblr-7157	855	39	organizational	organizational	ADJ
cblr-7157	855	40	law	law	NOUN
cblr-7157	855	41	plays	play	VERB
cblr-7157	855	42	by	by	ADP
cblr-7157	855	43	searching	search	VERB
cblr-7157	855	44	for	for	ADP
cblr-7157	855	45	corporate	corporate	ADJ
cblr-7157	855	46	law	law	NOUN
cblr-7157	855	47	features	feature	VERB
cblr-7157	855	48	that	that	SCONJ
cblr-7157	855	49	contracting	contracting	NOUN
cblr-7157	855	50	alone	alone	ADV
cblr-7157	855	51	could	could	AUX
cblr-7157	855	52	not	not	PART
cblr-7157	855	53	replicate.190	replicate.190	VERB
cblr-7157	855	54	hansmann	hansmann	NOUN
cblr-7157	855	55	and	and	CCONJ
cblr-7157	855	56	kraakman	kraakman	NOUN
cblr-7157	855	57	reasoned	reason	VERB
cblr-7157	855	58	that	that	SCONJ
cblr-7157	855	59	those	those	PRON
cblr-7157	855	60	features	feature	VERB
cblr-7157	855	61	not	not	PART
cblr-7157	855	62	capable	capable	ADJ
cblr-7157	855	63	of	of	ADP
cblr-7157	855	64	being	be	AUX
cblr-7157	855	65	replicated	replicate	VERB
cblr-7157	855	66	by	by	ADP
cblr-7157	855	67	contract	contract	NOUN
cblr-7157	855	68	law	law	NOUN
cblr-7157	855	69	often	often	ADV
cblr-7157	855	70	arise	arise	VERB
cblr-7157	855	71	from	from	ADP
cblr-7157	855	72	property	property	NOUN
cblr-7157	855	73	law.191	law.191	NOUN
cblr-7157	855	74	of	of	ADP
cblr-7157	855	75	the	the	DET
cblr-7157	855	76	many	many	ADJ
cblr-7157	855	77	attributes	attribute	NOUN
cblr-7157	855	78	of	of	ADP
cblr-7157	855	79	corporate	corporate	ADJ
cblr-7157	855	80	law	law	NOUN
cblr-7157	855	81	,	,	PUNCT
cblr-7157	855	82	hansmann	hansmann	NOUN
cblr-7157	855	83	and	and	CCONJ
cblr-7157	855	84	kraakman	kraakman	PROPN
cblr-7157	855	85	identify	identify	VERB
cblr-7157	855	86	the	the	DET
cblr-7157	855	87	protection	protection	NOUN
cblr-7157	855	88	of	of	ADP
cblr-7157	855	89	the	the	DET
cblr-7157	855	90	assets	asset	NOUN
cblr-7157	855	91	of	of	ADP
cblr-7157	855	92	the	the	DET
cblr-7157	855	93	corporation	corporation	NOUN
cblr-7157	855	94	from	from	ADP
cblr-7157	855	95	the	the	DET
cblr-7157	855	96	creditors	creditor	NOUN
cblr-7157	855	97	of	of	ADP
cblr-7157	855	98	its	its	PRON
cblr-7157	855	99	shareholder	shareholder	NOUN
cblr-7157	855	100	owners	owner	NOUN
cblr-7157	855	101	—	—	PUNCT
cblr-7157	855	102	what	what	PRON
cblr-7157	855	103	they	they	PRON
cblr-7157	855	104	call	call	VERB
cblr-7157	855	105	“	"	PUNCT
cblr-7157	855	106	affirmative	affirmative	ADJ
cblr-7157	855	107	asset	asset	NOUN
cblr-7157	855	108	partitioning”—as	partitioning”—as	ADP
cblr-7157	855	109	the	the	DET
cblr-7157	855	110	essential	essential	ADJ
cblr-7157	855	111	and	and	CCONJ
cblr-7157	855	112	unique	unique	ADJ
cblr-7157	855	113	feature	feature	NOUN
cblr-7157	855	114	of	of	ADP
cblr-7157	855	115	organizational	organizational	ADJ
cblr-7157	855	116	law.192	law.192	NOUN
cblr-7157	855	117	affirmative	affirmative	ADJ
cblr-7157	855	118	asset	asset	NOUN
cblr-7157	855	119	partitioning	partitioning	NOUN
cblr-7157	855	120	requires	require	VERB
cblr-7157	855	121	creditors	creditor	NOUN
cblr-7157	855	122	of	of	ADP
cblr-7157	855	123	the	the	DET
cblr-7157	855	124	shareholders	shareholder	NOUN
cblr-7157	855	125	to	to	PART
cblr-7157	855	126	stand	stand	VERB
cblr-7157	855	127	in	in	ADP
cblr-7157	855	128	line	line	NOUN
cblr-7157	855	129	behind	behind	ADP
cblr-7157	855	130	the	the	DET
cblr-7157	855	131	creditors	creditor	NOUN
cblr-7157	855	132	of	of	ADP
cblr-7157	855	133	the	the	DET
cblr-7157	855	134	entity	entity	NOUN
cblr-7157	855	135	,	,	PUNCT
cblr-7157	855	136	making	make	VERB
cblr-7157	855	137	it	it	PRON
cblr-7157	855	138	possible	possible	ADJ
cblr-7157	855	139	for	for	SCONJ
cblr-7157	855	140	lenders	lender	NOUN
cblr-7157	855	141	to	to	PART
cblr-7157	855	142	extend	extend	VERB
cblr-7157	855	143	credit	credit	NOUN
cblr-7157	855	144	to	to	ADP
cblr-7157	855	145	the	the	DET
cblr-7157	855	146	entity	entity	NOUN
cblr-7157	855	147	without	without	ADP
cblr-7157	855	148	worrying	worry	VERB
cblr-7157	855	149	about	about	ADP
cblr-7157	855	150	the	the	DET
cblr-7157	855	151	in	in	ADP
cblr-7157	855	152	personam	personam	NOUN
cblr-7157	855	153	contractual	contractual	ADJ
cblr-7157	855	154	relationships	relationship	NOUN
cblr-7157	855	155	of	of	ADP
cblr-7157	855	156	the	the	DET
cblr-7157	855	157	owners.193	owners.193	NOUN
cblr-7157	855	158	asset	asset	NOUN
cblr-7157	855	159	partitioning	partition	VERB
cblr-7157	855	160	is	be	AUX
cblr-7157	855	161	an	an	DET
cblr-7157	855	162	important	important	ADJ
cblr-7157	855	163	part	part	NOUN
cblr-7157	855	164	of	of	ADP
cblr-7157	855	165	what	what	PRON
cblr-7157	855	166	this	this	DET
cblr-7157	855	167	article	article	NOUN
cblr-7157	855	168	colloquially	colloquially	ADV
cblr-7157	855	169	refers	refer	VERB
cblr-7157	855	170	to	to	ADP
cblr-7157	855	171	as	as	ADP
cblr-7157	855	172	the	the	DET
cblr-7157	855	173	“	"	PUNCT
cblr-7157	855	174	in	in	ADP
cblr-7157	855	175	rem	rem	NOUN
cblr-7157	855	176	-	-	NOUN
cblr-7157	855	177	ification	ification	NOUN
cblr-7157	855	178	”	"	PUNCT
cblr-7157	855	179	function	function	NOUN
cblr-7157	855	180	of	of	ADP
cblr-7157	855	181	the	the	DET
cblr-7157	855	182	corporation	corporation	NOUN
cblr-7157	855	183	.	.	PUNCT
cblr-7157	856	1	affirmative	affirmative	ADJ
cblr-7157	856	2	asset	asset	NOUN
cblr-7157	856	3	partitioning	partitioning	NOUN
cblr-7157	856	4	uses	use	VERB
cblr-7157	856	5	the	the	DET
cblr-7157	856	6	corporation	corporation	NOUN
cblr-7157	856	7	as	as	ADP
cblr-7157	856	8	a	a	DET
cblr-7157	856	9	vehicle	vehicle	NOUN
cblr-7157	856	10	for	for	ADP
cblr-7157	856	11	stripping	strip	VERB
cblr-7157	856	12	the	the	PRON
cblr-7157	856	13	in	in	ADP
cblr-7157	856	14	personam	personam	NOUN
cblr-7157	856	15	features	feature	NOUN
cblr-7157	856	16	from	from	ADP
cblr-7157	856	17	business	business	NOUN
cblr-7157	856	18	assets	asset	NOUN
cblr-7157	856	19	and	and	CCONJ
cblr-7157	856	20	converting	convert	VERB
cblr-7157	856	21	them	they	PRON
cblr-7157	856	22	into	into	ADP
cblr-7157	856	23	in	in	ADP
cblr-7157	856	24	rem	rem	NOUN
cblr-7157	856	25	property	property	NOUN
cblr-7157	856	26	claims	claim	NOUN
cblr-7157	856	27	.	.	PUNCT
cblr-7157	857	1	importantly	importantly	ADV
cblr-7157	857	2	,	,	PUNCT
cblr-7157	857	3	hansmann	hansmann	NOUN
cblr-7157	857	4	and	and	CCONJ
cblr-7157	857	5	kraakman	kraakman	PROPN
cblr-7157	857	6	see	see	VERB
cblr-7157	857	7	asset	asset	NOUN
cblr-7157	857	8	partitioning	partition	VERB
cblr-7157	857	9	as	as	ADP
cblr-7157	857	10	“	"	PUNCT
cblr-7157	857	11	essential	essential	ADJ
cblr-7157	857	12	”	"	PUNCT
cblr-7157	857	13	to	to	ADP
cblr-7157	857	14	organizational	organizational	ADJ
cblr-7157	857	15	law	law	NOUN
cblr-7157	857	16	in	in	ADP
cblr-7157	857	17	the	the	DET
cblr-7157	857	18	sense	sense	NOUN
cblr-7157	857	19	that	that	PRON
cblr-7157	857	20	contract	contract	NOUN
cblr-7157	857	21	could	could	AUX
cblr-7157	857	22	not	not	PART
cblr-7157	857	23	reproduce	reproduce	VERB
cblr-7157	857	24	the	the	DET
cblr-7157	857	25	same	same	ADJ
cblr-7157	857	26	effect.194	effect.194	NOUN
cblr-7157	857	27	the	the	DET
cblr-7157	857	28	contribution	contribution	NOUN
cblr-7157	857	29	of	of	ADP
cblr-7157	857	30	hansmann	hansmann	NOUN
cblr-7157	857	31	and	and	CCONJ
cblr-7157	857	32	kraakman	kraakman	PROPN
cblr-7157	857	33	demonstrated	demonstrate	VERB
cblr-7157	857	34	not	not	PART
cblr-7157	857	35	only	only	ADV
cblr-7157	857	36	that	that	PRON
cblr-7157	857	37	property	property	NOUN
cblr-7157	857	38	is	be	AUX
cblr-7157	857	39	an	an	DET
cblr-7157	857	40	essential	essential	ADJ
cblr-7157	857	41	part	part	NOUN
cblr-7157	857	42	of	of	ADP
cblr-7157	857	43	corporate	corporate	ADJ
cblr-7157	857	44	law	law	NOUN
cblr-7157	857	45	,	,	PUNCT
cblr-7157	857	46	but	but	CCONJ
cblr-7157	857	47	that	that	SCONJ
cblr-7157	857	48	there	there	ADV
cblr-7157	857	49	189	189	NUM
cblr-7157	857	50	henry	henry	PROPN
cblr-7157	857	51	hansmann	hansmann	PROPN
cblr-7157	857	52	&	&	CCONJ
cblr-7157	857	53	reinier	reinier	PROPN
cblr-7157	857	54	kraakman	kraakman	PROPN
cblr-7157	857	55	,	,	PUNCT
cblr-7157	857	56	the	the	DET
cblr-7157	857	57	essential	essential	ADJ
cblr-7157	857	58	role	role	NOUN
cblr-7157	857	59	of	of	ADP
cblr-7157	857	60	organizational	organizational	ADJ
cblr-7157	857	61	law	law	NOUN
cblr-7157	857	62	,	,	PUNCT
cblr-7157	857	63	110	110	NUM
cblr-7157	857	64	yale	yale	PROPN
cblr-7157	857	65	l.j	l.j	PROPN
cblr-7157	857	66	.	.	PROPN
cblr-7157	857	67	387	387	NUM
cblr-7157	857	68	(	(	PUNCT
cblr-7157	857	69	2000	2000	NUM
cblr-7157	857	70	)	)	PUNCT
cblr-7157	857	71	.	.	PUNCT
cblr-7157	858	1	190	190	NUM
cblr-7157	859	1	i	i	PRON
cblr-7157	859	2	d.	d.	PROPN
cblr-7157	859	3	at	at	ADP
cblr-7157	859	4	390	390	NUM
cblr-7157	859	5	.	.	PUNCT
cblr-7157	859	6	191	191	NUM
cblr-7157	860	1	i	i	PRON
cblr-7157	860	2	d.	d.	PROPN
cblr-7157	860	3	192	192	NUM
cblr-7157	861	1	i	i	PRON
cblr-7157	861	2	d.	d.	PROPN
cblr-7157	861	3	193	193	NUM
cblr-7157	862	1	i	i	PRON
cblr-7157	862	2	d.	d.	PROPN
cblr-7157	862	3	194	194	NUM
cblr-7157	863	1	i	i	PRON
cblr-7157	863	2	d.	d.	PROPN
cblr-7157	863	3	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	863	4	(	(	PUNCT
cblr-7157	863	5	do	do	AUX
cblr-7157	863	6	not	not	PART
cblr-7157	863	7	delete	delete	VERB
cblr-7157	863	8	)	)	PUNCT
cblr-7157	863	9	10/2/2020	10/2/2020	NUM
cblr-7157	863	10	11:44	11:44	NUM
cblr-7157	863	11	am	be	AUX
cblr-7157	863	12	no	no	NOUN
cblr-7157	863	13	.	.	PUNCT
cblr-7157	863	14	1:1	1:1	NUM
cblr-7157	863	15	]	]	X
cblr-7157	863	16	a	a	DET
cblr-7157	863	17	property	property	NOUN
cblr-7157	863	18	theory	theory	NOUN
cblr-7157	863	19	57	57	NUM
cblr-7157	863	20	is	be	AUX
cblr-7157	863	21	an	an	DET
cblr-7157	863	22	analytical	analytical	ADJ
cblr-7157	863	23	technique	technique	NOUN
cblr-7157	863	24	for	for	ADP
cblr-7157	863	25	separating	separate	VERB
cblr-7157	863	26	contract	contract	NOUN
cblr-7157	863	27	from	from	ADP
cblr-7157	863	28	property.195	property.195	NOUN
cblr-7157	863	29	hansmann	hansmann	NOUN
cblr-7157	863	30	and	and	CCONJ
cblr-7157	863	31	kraakman	kraakman	PROPN
cblr-7157	863	32	advanced	advance	VERB
cblr-7157	863	33	the	the	DET
cblr-7157	863	34	understanding	understanding	NOUN
cblr-7157	863	35	of	of	ADP
cblr-7157	863	36	organizational	organizational	ADJ
cblr-7157	863	37	law	law	NOUN
cblr-7157	863	38	by	by	ADP
cblr-7157	863	39	identifying	identify	VERB
cblr-7157	863	40	affirmative	affirmative	ADJ
cblr-7157	863	41	asset	asset	NOUN
cblr-7157	863	42	partitioning	partition	VERB
cblr-7157	863	43	as	as	ADP
cblr-7157	863	44	an	an	DET
cblr-7157	863	45	important	important	ADJ
cblr-7157	863	46	feature	feature	NOUN
cblr-7157	863	47	of	of	ADP
cblr-7157	863	48	corporate	corporate	ADJ
cblr-7157	863	49	law	law	NOUN
cblr-7157	863	50	.	.	PUNCT
cblr-7157	864	1	however	however	ADV
cblr-7157	864	2	,	,	PUNCT
cblr-7157	864	3	hansmann	hansmann	PROPN
cblr-7157	864	4	and	and	CCONJ
cblr-7157	864	5	kraakman	kraakman	PROPN
cblr-7157	864	6	failed	fail	VERB
cblr-7157	864	7	to	to	PART
cblr-7157	864	8	extend	extend	VERB
cblr-7157	864	9	their	their	PRON
cblr-7157	864	10	logic	logic	NOUN
cblr-7157	864	11	to	to	PART
cblr-7157	864	12	reveal	reveal	VERB
cblr-7157	864	13	that	that	SCONJ
cblr-7157	864	14	asset	asset	NOUN
cblr-7157	864	15	partitioning	partitioning	NOUN
cblr-7157	864	16	is	be	AUX
cblr-7157	864	17	not	not	PART
cblr-7157	864	18	the	the	DET
cblr-7157	864	19	only	only	ADJ
cblr-7157	864	20	unique	unique	ADJ
cblr-7157	864	21	organizational	organizational	ADJ
cblr-7157	864	22	feature	feature	NOUN
cblr-7157	864	23	(	(	PUNCT
cblr-7157	864	24	and	and	CCONJ
cblr-7157	864	25	,	,	PUNCT
cblr-7157	864	26	therefore	therefore	ADV
cblr-7157	864	27	,	,	PUNCT
cblr-7157	864	28	property	property	NOUN
cblr-7157	864	29	feature	feature	NOUN
cblr-7157	864	30	)	)	PUNCT
cblr-7157	864	31	of	of	ADP
cblr-7157	864	32	corporate	corporate	ADJ
cblr-7157	864	33	law	law	NOUN
cblr-7157	864	34	;	;	PUNCT
cblr-7157	864	35	there	there	PRON
cblr-7157	864	36	are	be	VERB
cblr-7157	864	37	other	other	ADJ
cblr-7157	864	38	aspects	aspect	NOUN
cblr-7157	864	39	of	of	ADP
cblr-7157	864	40	organizational	organizational	ADJ
cblr-7157	864	41	law	law	NOUN
cblr-7157	864	42	that	that	PRON
cblr-7157	864	43	can	can	AUX
cblr-7157	864	44	not	not	PART
cblr-7157	864	45	be	be	AUX
cblr-7157	864	46	replicated	replicate	VERB
cblr-7157	864	47	by	by	ADP
cblr-7157	864	48	contract	contract	NOUN
cblr-7157	864	49	.	.	PUNCT
cblr-7157	865	1	indeed	indeed	ADV
cblr-7157	865	2	,	,	PUNCT
cblr-7157	865	3	it	it	PRON
cblr-7157	865	4	is	be	AUX
cblr-7157	865	5	hansmann	hansmann	NOUN
cblr-7157	865	6	and	and	CCONJ
cblr-7157	865	7	kraakman	kraakman	PROPN
cblr-7157	865	8	’s	’s	PART
cblr-7157	865	9	approach	approach	NOUN
cblr-7157	865	10	to	to	ADP
cblr-7157	865	11	identifying	identify	VERB
cblr-7157	865	12	the	the	DET
cblr-7157	865	13	distinctive	distinctive	ADJ
cblr-7157	865	14	aspects	aspect	NOUN
cblr-7157	865	15	of	of	ADP
cblr-7157	865	16	organizational	organizational	ADJ
cblr-7157	865	17	law	law	NOUN
cblr-7157	865	18	that	that	PRON
cblr-7157	865	19	leads	lead	VERB
cblr-7157	865	20	to	to	ADP
cblr-7157	865	21	the	the	DET
cblr-7157	865	22	broader	broad	ADJ
cblr-7157	865	23	finding	finding	NOUN
cblr-7157	865	24	of	of	ADP
cblr-7157	865	25	more	more	ADJ
cblr-7157	865	26	property	property	NOUN
cblr-7157	865	27	law	law	NOUN
cblr-7157	865	28	features	feature	VERB
cblr-7157	865	29	in	in	ADP
cblr-7157	865	30	corporate	corporate	ADJ
cblr-7157	865	31	law	law	NOUN
cblr-7157	865	32	than	than	SCONJ
cblr-7157	865	33	their	their	PRON
cblr-7157	865	34	article	article	NOUN
cblr-7157	865	35	explicitly	explicitly	ADV
cblr-7157	865	36	recognizes	recognize	VERB
cblr-7157	865	37	.	.	PUNCT
cblr-7157	866	1	the	the	DET
cblr-7157	866	2	most	most	ADV
cblr-7157	866	3	important	important	ADJ
cblr-7157	866	4	feature	feature	NOUN
cblr-7157	866	5	of	of	ADP
cblr-7157	866	6	corporate	corporate	ADJ
cblr-7157	866	7	law	law	NOUN
cblr-7157	866	8	that	that	PRON
cblr-7157	866	9	contract	contract	NOUN
cblr-7157	866	10	law	law	NOUN
cblr-7157	866	11	can	can	AUX
cblr-7157	866	12	not	not	PART
cblr-7157	866	13	replicate	replicate	VERB
cblr-7157	866	14	emerges	emerge	NOUN
cblr-7157	866	15	directly	directly	ADV
cblr-7157	866	16	from	from	ADP
cblr-7157	866	17	the	the	DET
cblr-7157	866	18	contractarian	contractarian	ADJ
cblr-7157	866	19	account	account	NOUN
cblr-7157	866	20	itself	itself	PRON
cblr-7157	866	21	—	—	PUNCT
cblr-7157	866	22	fiduciary	fiduciary	ADJ
cblr-7157	866	23	duties	duty	NOUN
cblr-7157	866	24	.	.	PUNCT
cblr-7157	867	1	recall	recall	VERB
cblr-7157	867	2	that	that	SCONJ
cblr-7157	867	3	the	the	DET
cblr-7157	867	4	contractarian	contractarian	ADJ
cblr-7157	867	5	rationale	rationale	NOUN
cblr-7157	867	6	for	for	ADP
cblr-7157	867	7	fiduciary	fiduciary	ADJ
cblr-7157	867	8	duties	duty	NOUN
cblr-7157	867	9	is	be	AUX
cblr-7157	867	10	that	that	SCONJ
cblr-7157	867	11	transaction	transaction	NOUN
cblr-7157	867	12	costs	cost	NOUN
cblr-7157	867	13	prohibit	prohibit	VERB
cblr-7157	867	14	parties	party	NOUN
cblr-7157	867	15	from	from	ADP
cblr-7157	867	16	writing	write	VERB
cblr-7157	867	17	a	a	DET
cblr-7157	867	18	contract	contract	NOUN
cblr-7157	867	19	that	that	PRON
cblr-7157	867	20	would	would	AUX
cblr-7157	867	21	govern	govern	VERB
cblr-7157	867	22	how	how	SCONJ
cblr-7157	867	23	management	management	NOUN
cblr-7157	867	24	should	should	AUX
cblr-7157	867	25	behave	behave	VERB
cblr-7157	867	26	in	in	ADP
cblr-7157	867	27	each	each	DET
cblr-7157	867	28	possible	possible	ADJ
cblr-7157	867	29	contingency.196	contingency.196	NOUN
cblr-7157	867	30	yet	yet	ADV
cblr-7157	867	31	,	,	PUNCT
cblr-7157	867	32	viewed	view	VERB
cblr-7157	867	33	through	through	ADP
cblr-7157	867	34	the	the	DET
cblr-7157	867	35	replicability	replicability	NOUN
cblr-7157	867	36	analysis	analysis	NOUN
cblr-7157	867	37	,	,	PUNCT
cblr-7157	867	38	the	the	DET
cblr-7157	867	39	inability	inability	NOUN
cblr-7157	867	40	to	to	PART
cblr-7157	867	41	achieve	achieve	VERB
cblr-7157	867	42	the	the	DET
cblr-7157	867	43	corporate	corporate	ADJ
cblr-7157	867	44	law	law	NOUN
cblr-7157	867	45	result	result	VERB
cblr-7157	867	46	through	through	ADP
cblr-7157	867	47	contract	contract	NOUN
cblr-7157	867	48	is	be	AUX
cblr-7157	867	49	itself	itself	PRON
cblr-7157	867	50	evidence	evidence	NOUN
cblr-7157	867	51	that	that	SCONJ
cblr-7157	867	52	contracting	contracting	NOUN
cblr-7157	867	53	is	be	AUX
cblr-7157	867	54	an	an	DET
cblr-7157	867	55	inadequate	inadequate	ADJ
cblr-7157	867	56	means	mean	NOUN
cblr-7157	867	57	to	to	PART
cblr-7157	867	58	replicate	replicate	VERB
cblr-7157	867	59	fiduciary	fiduciary	ADJ
cblr-7157	867	60	duties	duty	NOUN
cblr-7157	867	61	.	.	PUNCT
cblr-7157	868	1	conceivably	conceivably	ADV
cblr-7157	868	2	,	,	PUNCT
cblr-7157	868	3	parties	party	NOUN
cblr-7157	868	4	could	could	AUX
cblr-7157	868	5	enter	enter	VERB
cblr-7157	868	6	into	into	ADP
cblr-7157	868	7	a	a	DET
cblr-7157	868	8	contract	contract	NOUN
cblr-7157	868	9	that	that	PRON
cblr-7157	868	10	expressly	expressly	ADV
cblr-7157	868	11	established	establish	VERB
cblr-7157	868	12	fiduciary	fiduciary	ADJ
cblr-7157	868	13	duties	duty	NOUN
cblr-7157	868	14	,	,	PUNCT
cblr-7157	868	15	though	though	SCONJ
cblr-7157	868	16	the	the	DET
cblr-7157	868	17	extent	extent	NOUN
cblr-7157	868	18	to	to	PART
cblr-7157	868	19	which	which	PRON
cblr-7157	868	20	a	a	DET
cblr-7157	868	21	court	court	NOUN
cblr-7157	868	22	would	would	AUX
cblr-7157	868	23	respect	respect	VERB
cblr-7157	868	24	such	such	DET
cblr-7157	868	25	a	a	DET
cblr-7157	868	26	contractual	contractual	ADJ
cblr-7157	868	27	term	term	NOUN
cblr-7157	868	28	is	be	AUX
cblr-7157	868	29	unclear	unclear	ADJ
cblr-7157	868	30	.	.	PUNCT
cblr-7157	869	1	even	even	ADV
cblr-7157	869	2	under	under	ADP
cblr-7157	869	3	corporate	corporate	ADJ
cblr-7157	869	4	law	law	NOUN
cblr-7157	869	5	,	,	PUNCT
cblr-7157	869	6	where	where	SCONJ
cblr-7157	869	7	fiduciary	fiduciary	ADJ
cblr-7157	869	8	duties	duty	NOUN
cblr-7157	869	9	already	already	ADV
cblr-7157	869	10	exist	exist	VERB
cblr-7157	869	11	(	(	PUNCT
cblr-7157	869	12	by	by	ADP
cblr-7157	869	13	default	default	NOUN
cblr-7157	869	14	and	and	CCONJ
cblr-7157	869	15	mandatorily	mandatorily	NOUN
cblr-7157	869	16	)	)	PUNCT
cblr-7157	869	17	,	,	PUNCT
cblr-7157	869	18	it	it	PRON
cblr-7157	869	19	is	be	AUX
cblr-7157	869	20	far	far	ADV
cblr-7157	869	21	from	from	ADP
cblr-7157	869	22	clear	clear	ADJ
cblr-7157	869	23	195	195	NUM
cblr-7157	869	24	it	it	PRON
cblr-7157	869	25	is	be	AUX
cblr-7157	869	26	important	important	ADJ
cblr-7157	869	27	to	to	PART
cblr-7157	869	28	note	note	VERB
cblr-7157	869	29	that	that	SCONJ
cblr-7157	869	30	it	it	PRON
cblr-7157	869	31	is	be	AUX
cblr-7157	869	32	not	not	PART
cblr-7157	869	33	inevitable	inevitable	ADJ
cblr-7157	869	34	that	that	SCONJ
cblr-7157	869	35	property	property	NOUN
cblr-7157	869	36	law	law	NOUN
cblr-7157	869	37	should	should	AUX
cblr-7157	869	38	have	have	AUX
cblr-7157	869	39	turned	turn	VERB
cblr-7157	869	40	out	out	ADP
cblr-7157	869	41	this	this	DET
cblr-7157	869	42	way	way	NOUN
cblr-7157	869	43	,	,	PUNCT
cblr-7157	869	44	so	so	ADV
cblr-7157	869	45	corporate	corporate	ADJ
cblr-7157	869	46	law	law	NOUN
cblr-7157	869	47	could	could	AUX
cblr-7157	869	48	have	have	AUX
cblr-7157	869	49	been	be	AUX
cblr-7157	869	50	otherwise	otherwise	ADV
cblr-7157	869	51	.	.	PUNCT
cblr-7157	870	1	this	this	PRON
cblr-7157	870	2	is	be	AUX
cblr-7157	870	3	a	a	DET
cblr-7157	870	4	point	point	NOUN
cblr-7157	870	5	that	that	PRON
cblr-7157	870	6	has	have	AUX
cblr-7157	870	7	been	be	AUX
cblr-7157	870	8	made	make	VERB
cblr-7157	870	9	about	about	ADP
cblr-7157	870	10	the	the	DET
cblr-7157	870	11	hansmann	hansmann	NOUN
cblr-7157	870	12	and	and	CCONJ
cblr-7157	870	13	kraakman	kraakman	ADJ
cblr-7157	870	14	argument	argument	NOUN
cblr-7157	870	15	and	and	CCONJ
cblr-7157	870	16	applies	apply	VERB
cblr-7157	870	17	here	here	ADV
cblr-7157	870	18	as	as	ADV
cblr-7157	870	19	well	well	ADV
cblr-7157	870	20	.	.	PUNCT
cblr-7157	871	1	see	see	VERB
cblr-7157	871	2	paul	paul	PROPN
cblr-7157	871	3	g.	g.	PROPN
cblr-7157	871	4	mahoney	mahoney	PROPN
cblr-7157	871	5	,	,	PUNCT
cblr-7157	871	6	contract	contract	NOUN
cblr-7157	871	7	or	or	CCONJ
cblr-7157	871	8	concession	concession	NOUN
cblr-7157	871	9	?	?	PUNCT
cblr-7157	872	1	an	an	DET
cblr-7157	872	2	essay	essay	NOUN
cblr-7157	872	3	on	on	ADP
cblr-7157	872	4	the	the	DET
cblr-7157	872	5	history	history	NOUN
cblr-7157	872	6	of	of	ADP
cblr-7157	872	7	corporate	corporate	ADJ
cblr-7157	872	8	law	law	NOUN
cblr-7157	872	9	,	,	PUNCT
cblr-7157	872	10	34	34	NUM
cblr-7157	872	11	ga	ga	PROPN
cblr-7157	872	12	.	.	PROPN
cblr-7157	872	13	l.	l.	PROPN
cblr-7157	872	14	rev	rev	PROPN
cblr-7157	872	15	.	.	PROPN
cblr-7157	872	16	873	873	NUM
cblr-7157	872	17	,	,	PUNCT
cblr-7157	872	18	878	878	NUM
cblr-7157	872	19	(	(	PUNCT
cblr-7157	872	20	2000	2000	NUM
cblr-7157	872	21	)	)	PUNCT
cblr-7157	872	22	(	(	PUNCT
cblr-7157	872	23	arguing	argue	VERB
cblr-7157	872	24	that	that	SCONJ
cblr-7157	872	25	property	property	NOUN
cblr-7157	872	26	law	law	NOUN
cblr-7157	872	27	and	and	CCONJ
cblr-7157	872	28	contract	contract	NOUN
cblr-7157	872	29	law	law	NOUN
cblr-7157	872	30	could	could	AUX
cblr-7157	872	31	have	have	AUX
cblr-7157	872	32	evolved	evolve	VERB
cblr-7157	872	33	the	the	DET
cblr-7157	872	34	type	type	NOUN
cblr-7157	872	35	of	of	ADP
cblr-7157	872	36	asset	asset	NOUN
cblr-7157	872	37	partitioning	partitioning	NOUN
cblr-7157	872	38	found	find	VERB
cblr-7157	872	39	in	in	ADP
cblr-7157	872	40	organizational	organizational	ADJ
cblr-7157	872	41	law	law	NOUN
cblr-7157	872	42	,	,	PUNCT
cblr-7157	872	43	had	have	VERB
cblr-7157	872	44	historical	historical	ADJ
cblr-7157	872	45	forces	force	NOUN
cblr-7157	872	46	not	not	PART
cblr-7157	872	47	aligned	align	VERB
cblr-7157	872	48	against	against	ADP
cblr-7157	872	49	that	that	DET
cblr-7157	872	50	evolution	evolution	NOUN
cblr-7157	872	51	)	)	PUNCT
cblr-7157	872	52	.	.	PUNCT
cblr-7157	873	1	196	196	NUM
cblr-7157	873	2	see	see	VERB
cblr-7157	873	3	supra	supra	PROPN
cblr-7157	873	4	section	section	PROPN
cblr-7157	873	5	ii.b	ii.b	PROPN
cblr-7157	873	6	.	.	PUNCT
cblr-7157	874	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	874	2	(	(	PUNCT
cblr-7157	874	3	do	do	AUX
cblr-7157	874	4	not	not	PART
cblr-7157	874	5	delte	delte	VERB
cblr-7157	874	6	)	)	PUNCT
cblr-7157	874	7	10/2/2020	10/2/2020	NUM
cblr-7157	874	8	11:44	11:44	NUM
cblr-7157	874	9	am	am	NOUN
cblr-7157	874	10	58	58	NUM
cblr-7157	874	11	columbia	columbia	PROPN
cblr-7157	874	12	business	business	NOUN
cblr-7157	874	13	law	law	PROPN
cblr-7157	874	14	review	review	NOUN
cblr-7157	875	1	[	[	X
cblr-7157	875	2	vol	vol	NOUN
cblr-7157	875	3	.	.	PUNCT
cblr-7157	875	4	2020	2020	NUM
cblr-7157	875	5	that	that	DET
cblr-7157	875	6	contract	contract	NOUN
cblr-7157	875	7	can	can	AUX
cblr-7157	875	8	create	create	VERB
cblr-7157	875	9	additional	additional	ADJ
cblr-7157	875	10	ones.197	ones.197	NOUN
cblr-7157	876	1	but	but	CCONJ
cblr-7157	876	2	even	even	ADV
cblr-7157	876	3	if	if	SCONJ
cblr-7157	876	4	it	it	PRON
cblr-7157	876	5	could	could	AUX
cblr-7157	876	6	,	,	PUNCT
cblr-7157	876	7	writing	write	VERB
cblr-7157	876	8	a	a	DET
cblr-7157	876	9	contract	contract	NOUN
cblr-7157	876	10	that	that	PRON
cblr-7157	876	11	provides	provide	VERB
cblr-7157	876	12	for	for	ADP
cblr-7157	876	13	fiduciary	fiduciary	ADJ
cblr-7157	876	14	duties	duty	NOUN
cblr-7157	876	15	does	do	AUX
cblr-7157	876	16	not	not	PART
cblr-7157	876	17	make	make	VERB
cblr-7157	876	18	fiduciary	fiduciary	ADJ
cblr-7157	876	19	duties	duty	NOUN
cblr-7157	876	20	contractual	contractual	ADJ
cblr-7157	876	21	.	.	PUNCT
cblr-7157	877	1	moreover	moreover	ADV
cblr-7157	877	2	,	,	PUNCT
cblr-7157	877	3	the	the	DET
cblr-7157	877	4	charters	charter	NOUN
cblr-7157	877	5	of	of	ADP
cblr-7157	877	6	companies	company	NOUN
cblr-7157	877	7	do	do	AUX
cblr-7157	877	8	not	not	PART
cblr-7157	877	9	explicitly	explicitly	ADV
cblr-7157	877	10	provide	provide	VERB
cblr-7157	877	11	for	for	ADP
cblr-7157	877	12	fiduciary	fiduciary	ADJ
cblr-7157	877	13	duties	duty	NOUN
cblr-7157	877	14	;	;	PUNCT
cblr-7157	877	15	to	to	ADP
cblr-7157	877	16	the	the	DET
cblr-7157	877	17	extent	extent	NOUN
cblr-7157	877	18	they	they	PRON
cblr-7157	877	19	address	address	VERB
cblr-7157	877	20	the	the	DET
cblr-7157	877	21	subject	subject	NOUN
cblr-7157	877	22	,	,	PUNCT
cblr-7157	877	23	they	they	PRON
cblr-7157	877	24	cut	cut	VERB
cblr-7157	877	25	back	back	ADV
cblr-7157	877	26	on	on	ADP
cblr-7157	877	27	them.198	them.198	NOUN
cblr-7157	877	28	of	of	ADP
cblr-7157	877	29	course	course	NOUN
cblr-7157	877	30	,	,	PUNCT
cblr-7157	877	31	parties	party	NOUN
cblr-7157	877	32	could	could	AUX
cblr-7157	877	33	,	,	PUNCT
cblr-7157	877	34	in	in	ADP
cblr-7157	877	35	theory	theory	NOUN
cblr-7157	877	36	,	,	PUNCT
cblr-7157	877	37	replace	replace	VERB
cblr-7157	877	38	fiduciary	fiduciary	ADJ
cblr-7157	877	39	duties	duty	NOUN
cblr-7157	877	40	by	by	ADP
cblr-7157	877	41	writing	write	VERB
cblr-7157	877	42	a	a	DET
cblr-7157	877	43	contract	contract	NOUN
cblr-7157	877	44	that	that	PRON
cblr-7157	877	45	would	would	AUX
cblr-7157	877	46	restrain	restrain	VERB
cblr-7157	877	47	managers	manager	NOUN
cblr-7157	877	48	by	by	ADP
cblr-7157	877	49	covering	cover	VERB
cblr-7157	877	50	every	every	DET
cblr-7157	877	51	possible	possible	ADJ
cblr-7157	877	52	contingency	contingency	NOUN
cblr-7157	877	53	.	.	PUNCT
cblr-7157	878	1	indeed	indeed	ADV
cblr-7157	878	2	,	,	PUNCT
cblr-7157	878	3	in	in	ADP
cblr-7157	878	4	theory	theory	NOUN
cblr-7157	878	5	parties	party	NOUN
cblr-7157	878	6	could	could	AUX
cblr-7157	878	7	replicate	replicate	VERB
cblr-7157	878	8	asset	asset	NOUN
cblr-7157	878	9	partitioning	partitioning	NOUN
cblr-7157	878	10	or	or	CCONJ
cblr-7157	878	11	even	even	ADV
cblr-7157	878	12	limited	limited	ADJ
cblr-7157	878	13	liability	liability	NOUN
cblr-7157	878	14	,	,	PUNCT
cblr-7157	878	15	although	although	SCONJ
cblr-7157	878	16	it	it	PRON
cblr-7157	878	17	would	would	AUX
cblr-7157	878	18	be	be	AUX
cblr-7157	878	19	difficult	difficult	ADJ
cblr-7157	878	20	vis	vis	X
cblr-7157	878	21	-	-	ADJ
cblr-7157	878	22	à	à	X
cblr-7157	878	23	-	-	NOUN
cblr-7157	878	24	vis	vis	X
cblr-7157	878	25	tort	tort	NOUN
cblr-7157	878	26	creditors.199	creditors.199	NOUN
cblr-7157	878	27	doing	do	VERB
cblr-7157	878	28	so	so	ADV
cblr-7157	878	29	would	would	AUX
cblr-7157	878	30	require	require	VERB
cblr-7157	878	31	contracting	contracting	NOUN
cblr-7157	878	32	with	with	ADP
cblr-7157	878	33	every	every	DET
cblr-7157	878	34	potential	potential	ADJ
cblr-7157	878	35	creditor	creditor	NOUN
cblr-7157	878	36	of	of	ADP
cblr-7157	878	37	the	the	DET
cblr-7157	878	38	shareholders	shareholder	NOUN
cblr-7157	878	39	(	(	PUNCT
cblr-7157	878	40	replicating	replicate	VERB
cblr-7157	878	41	affirmative	affirmative	ADJ
cblr-7157	878	42	asset	asset	NOUN
cblr-7157	878	43	partitioning	partitioning	NOUN
cblr-7157	878	44	)	)	PUNCT
cblr-7157	878	45	and/or	and/or	CCONJ
cblr-7157	878	46	every	every	DET
cblr-7157	878	47	potential	potential	ADJ
cblr-7157	878	48	victim	victim	NOUN
cblr-7157	878	49	of	of	ADP
cblr-7157	878	50	a	a	DET
cblr-7157	878	51	tort	tort	NOUN
cblr-7157	878	52	perpetrated	perpetrate	VERB
cblr-7157	878	53	by	by	ADP
cblr-7157	878	54	the	the	DET
cblr-7157	878	55	corporation	corporation	NOUN
cblr-7157	878	56	(	(	PUNCT
cblr-7157	878	57	replicating	replicate	VERB
cblr-7157	878	58	limited	limited	ADJ
cblr-7157	878	59	liability	liability	NOUN
cblr-7157	878	60	,	,	PUNCT
cblr-7157	878	61	or	or	CCONJ
cblr-7157	878	62	even	even	ADV
cblr-7157	878	63	tort	tort	VERB
cblr-7157	878	64	law	law	NOUN
cblr-7157	878	65	itself	itself	PRON
cblr-7157	878	66	)	)	PUNCT
cblr-7157	878	67	.	.	PUNCT
cblr-7157	879	1	but	but	CCONJ
cblr-7157	879	2	the	the	DET
cblr-7157	879	3	fact	fact	NOUN
cblr-7157	879	4	that	that	SCONJ
cblr-7157	879	5	fiduciary	fiduciary	ADJ
cblr-7157	879	6	duties	duty	NOUN
cblr-7157	879	7	,	,	PUNCT
cblr-7157	879	8	limited	limited	ADJ
cblr-7157	879	9	liability	liability	NOUN
cblr-7157	879	10	,	,	PUNCT
cblr-7157	879	11	tort	tort	NOUN
cblr-7157	879	12	law	law	NOUN
cblr-7157	879	13	,	,	PUNCT
cblr-7157	879	14	or	or	CCONJ
cblr-7157	879	15	even	even	ADV
cblr-7157	879	16	property	property	NOUN
cblr-7157	879	17	law	law	NOUN
cblr-7157	879	18	itself	itself	PRON
cblr-7157	879	19	could	could	AUX
cblr-7157	879	20	conceivably	conceivably	ADV
cblr-7157	879	21	be	be	AUX
cblr-7157	879	22	replicated	replicate	VERB
cblr-7157	879	23	by	by	ADP
cblr-7157	879	24	contracts	contract	NOUN
cblr-7157	879	25	with	with	ADP
cblr-7157	879	26	everyone	everyone	PRON
cblr-7157	879	27	in	in	ADP
cblr-7157	879	28	the	the	DET
cblr-7157	879	29	world	world	NOUN
cblr-7157	879	30	does	do	AUX
cblr-7157	879	31	not	not	PART
cblr-7157	879	32	mean	mean	VERB
cblr-7157	879	33	those	those	DET
cblr-7157	879	34	areas	area	NOUN
cblr-7157	879	35	of	of	ADP
cblr-7157	879	36	law	law	NOUN
cblr-7157	879	37	are	be	AUX
cblr-7157	879	38	contract	contract	NOUN
cblr-7157	879	39	.	.	PUNCT
cblr-7157	880	1	whether	whether	SCONJ
cblr-7157	880	2	provisions	provision	NOUN
cblr-7157	880	3	could	could	AUX
cblr-7157	880	4	be	be	AUX
cblr-7157	880	5	replicated	replicate	VERB
cblr-7157	880	6	by	by	ADP
cblr-7157	880	7	contract	contract	NOUN
cblr-7157	880	8	is	be	AUX
cblr-7157	880	9	a	a	DET
cblr-7157	880	10	matter	matter	NOUN
cblr-7157	880	11	of	of	ADP
cblr-7157	880	12	degree	degree	NOUN
cblr-7157	880	13	that	that	PRON
cblr-7157	880	14	depends	depend	VERB
cblr-7157	880	15	on	on	ADP
cblr-7157	880	16	the	the	DET
cblr-7157	880	17	transaction	transaction	NOUN
cblr-7157	880	18	costs	cost	NOUN
cblr-7157	880	19	involved	involve	VERB
cblr-7157	880	20	.	.	PUNCT
cblr-7157	881	1	in	in	ADP
cblr-7157	881	2	all	all	PRON
cblr-7157	881	3	of	of	ADP
cblr-7157	881	4	these	these	DET
cblr-7157	881	5	cases	case	NOUN
cblr-7157	881	6	,	,	PUNCT
cblr-7157	881	7	tort	tort	NOUN
cblr-7157	881	8	,	,	PUNCT
cblr-7157	881	9	property	property	NOUN
cblr-7157	881	10	,	,	PUNCT
cblr-7157	881	11	affirmative	affirmative	ADJ
cblr-7157	881	12	asset	asset	NOUN
cblr-7157	881	13	partitioning	partitioning	NOUN
cblr-7157	881	14	,	,	PUNCT
cblr-7157	881	15	and	and	CCONJ
cblr-7157	881	16	fiduciary	fiduciary	ADJ
cblr-7157	881	17	duties	duty	NOUN
cblr-7157	881	18	—	—	PUNCT
cblr-7157	881	19	transaction	transaction	NOUN
cblr-7157	881	20	costs	cost	NOUN
cblr-7157	881	21	prohibit	prohibit	VERB
cblr-7157	881	22	contractual	contractual	ADJ
cblr-7157	881	23	replication	replication	NOUN
cblr-7157	881	24	.	.	PUNCT
cblr-7157	882	1	ultimately	ultimately	ADV
cblr-7157	882	2	,	,	PUNCT
cblr-7157	882	3	the	the	DET
cblr-7157	882	4	replicability	replicability	NOUN
cblr-7157	882	5	argument	argument	NOUN
cblr-7157	882	6	from	from	ADP
cblr-7157	882	7	hansmann	hansmann	NOUN
cblr-7157	882	8	and	and	CCONJ
cblr-7157	882	9	kraakman	kraakman	PROPN
cblr-7157	882	10	undermines	undermine	NOUN
cblr-7157	882	11	contractarian	contractarian	ADJ
cblr-7157	882	12	theory	theory	NOUN
cblr-7157	882	13	as	as	ADP
cblr-7157	882	14	an	an	DET
cblr-7157	882	15	account	account	NOUN
cblr-7157	882	16	of	of	ADP
cblr-7157	882	17	the	the	DET
cblr-7157	882	18	rights	right	NOUN
cblr-7157	882	19	of	of	ADP
cblr-7157	882	20	common	common	ADJ
cblr-7157	882	21	stock	stock	NOUN
cblr-7157	882	22	.	.	PUNCT
cblr-7157	883	1	even	even	ADV
cblr-7157	883	2	a	a	DET
cblr-7157	883	3	simple	simple	ADJ
cblr-7157	883	4	analysis	analysis	NOUN
cblr-7157	883	5	shows	show	VERB
cblr-7157	883	6	that	that	SCONJ
cblr-7157	883	7	the	the	DET
cblr-7157	883	8	nexus	nexus	NOUN
cblr-7157	883	9	of	of	ADP
cblr-7157	883	10	contracts	contract	NOUN
cblr-7157	883	11	theory	theory	NOUN
cblr-7157	883	12	contradicts	contradict	VERB
cblr-7157	883	13	the	the	DET
cblr-7157	883	14	replicability	replicability	NOUN
cblr-7157	883	15	approach	approach	NOUN
cblr-7157	883	16	.	.	PUNCT
cblr-7157	884	1	according	accord	VERB
cblr-7157	884	2	to	to	ADP
cblr-7157	884	3	contractarian	contractarian	ADJ
cblr-7157	884	4	theory	theory	NOUN
cblr-7157	884	5	,	,	PUNCT
cblr-7157	884	6	if	if	SCONJ
cblr-7157	884	7	coowners	coowner	NOUN
cblr-7157	884	8	of	of	ADP
cblr-7157	884	9	business	business	NOUN
cblr-7157	884	10	assets	asset	NOUN
cblr-7157	884	11	replicated	replicate	VERB
cblr-7157	884	12	all	all	PRON
cblr-7157	884	13	of	of	ADP
cblr-7157	884	14	the	the	DET
cblr-7157	884	15	features	feature	NOUN
cblr-7157	884	16	of	of	ADP
cblr-7157	884	17	the	the	DET
cblr-7157	884	18	corporation	corporation	NOUN
cblr-7157	884	19	through	through	ADP
cblr-7157	884	20	contracts	contract	NOUN
cblr-7157	884	21	,	,	PUNCT
cblr-7157	884	22	then	then	ADV
cblr-7157	884	23	they	they	PRON
cblr-7157	884	24	would	would	AUX
cblr-7157	884	25	hold	hold	VERB
cblr-7157	884	26	only	only	ADV
cblr-7157	884	27	contractual	contractual	ADJ
cblr-7157	884	28	claims	claim	NOUN
cblr-7157	884	29	.	.	PUNCT
cblr-7157	885	1	but	but	CCONJ
cblr-7157	885	2	what	what	PRON
cblr-7157	885	3	would	would	AUX
cblr-7157	885	4	have	have	AUX
cblr-7157	885	5	happened	happen	VERB
cblr-7157	885	6	to	to	ADP
cblr-7157	885	7	their	their	PRON
cblr-7157	885	8	property	property	NOUN
cblr-7157	885	9	interest	interest	NOUN
cblr-7157	885	10	in	in	ADP
cblr-7157	885	11	the	the	DET
cblr-7157	885	12	business	business	NOUN
cblr-7157	885	13	property	property	NOUN
cblr-7157	885	14	?	?	PUNCT
cblr-7157	886	1	there	there	PRON
cblr-7157	886	2	is	be	VERB
cblr-7157	886	3	no	no	DET
cblr-7157	886	4	set	set	NOUN
cblr-7157	886	5	of	of	ADP
cblr-7157	886	6	contracts	contract	NOUN
cblr-7157	886	7	that	that	PRON
cblr-7157	886	8	could	could	AUX
cblr-7157	886	9	have	have	AUX
cblr-7157	886	10	turned	turn	VERB
cblr-7157	886	11	those	those	DET
cblr-7157	886	12	property	property	NOUN
cblr-7157	886	13	rights	right	NOUN
cblr-7157	886	14	into	into	ADP
cblr-7157	886	15	contract	contract	NOUN
cblr-7157	886	16	rights	right	NOUN
cblr-7157	886	17	.	.	PUNCT
cblr-7157	887	1	but	but	CCONJ
cblr-7157	887	2	without	without	ADP
cblr-7157	887	3	a	a	DET
cblr-7157	887	4	corporation	corporation	NOUN
cblr-7157	887	5	,	,	PUNCT
cblr-7157	887	6	there	there	PRON
cblr-7157	887	7	would	would	AUX
cblr-7157	887	8	be	be	AUX
cblr-7157	887	9	no	no	DET
cblr-7157	887	10	owner	owner	NOUN
cblr-7157	887	11	of	of	ADP
cblr-7157	887	12	the	the	DET
cblr-7157	887	13	property	property	NOUN
cblr-7157	887	14	.	.	PUNCT
cblr-7157	888	1	this	this	PRON
cblr-7157	888	2	creates	create	VERB
cblr-7157	888	3	a	a	DET
cblr-7157	888	4	contradiction	contradiction	NOUN
cblr-7157	888	5	.	.	PUNCT
cblr-7157	889	1	as	as	ADP
cblr-7157	889	2	a	a	DET
cblr-7157	889	3	197	197	NUM
cblr-7157	889	4	see	see	NOUN
cblr-7157	889	5	,	,	PUNCT
cblr-7157	889	6	e.g.	e.g.	ADV
cblr-7157	889	7	,	,	PUNCT
cblr-7157	889	8	jesse	jesse	PROPN
cblr-7157	889	9	m.	m.	PROPN
cblr-7157	889	10	fried	fried	PROPN
cblr-7157	889	11	&	&	CCONJ
cblr-7157	889	12	mira	mira	PROPN
cblr-7157	889	13	ganor	ganor	PROPN
cblr-7157	889	14	,	,	PUNCT
cblr-7157	889	15	agency	agency	NOUN
cblr-7157	889	16	costs	cost	NOUN
cblr-7157	889	17	of	of	ADP
cblr-7157	889	18	venture	venture	NOUN
cblr-7157	889	19	capitalist	capitalist	ADJ
cblr-7157	889	20	control	control	NOUN
cblr-7157	889	21	in	in	ADP
cblr-7157	889	22	startups	startup	NOUN
cblr-7157	889	23	,	,	PUNCT
cblr-7157	889	24	81	81	NUM
cblr-7157	889	25	n.y.u	n.y.u	NOUN
cblr-7157	889	26	.	.	PUNCT
cblr-7157	890	1	l.	l.	PROPN
cblr-7157	890	2	rev	rev	PROPN
cblr-7157	890	3	.	.	PROPN
cblr-7157	890	4	967	967	NUM
cblr-7157	890	5	,	,	PUNCT
cblr-7157	890	6	1014	1014	NUM
cblr-7157	890	7	(	(	PUNCT
cblr-7157	890	8	2006	2006	NUM
cblr-7157	890	9	)	)	PUNCT
cblr-7157	890	10	(	(	PUNCT
cblr-7157	890	11	explaining	explain	VERB
cblr-7157	890	12	that	that	SCONJ
cblr-7157	890	13	enlarging	enlarge	VERB
cblr-7157	890	14	fiduciary	fiduciary	ADJ
cblr-7157	890	15	duties	duty	NOUN
cblr-7157	890	16	in	in	ADP
cblr-7157	890	17	the	the	DET
cblr-7157	890	18	corporation	corporation	NOUN
cblr-7157	890	19	is	be	AUX
cblr-7157	890	20	thought	think	VERB
cblr-7157	890	21	to	to	PART
cblr-7157	890	22	be	be	AUX
cblr-7157	890	23	problematic	problematic	ADJ
cblr-7157	890	24	because	because	SCONJ
cblr-7157	890	25	of	of	ADP
cblr-7157	890	26	the	the	DET
cblr-7157	890	27	mandatory	mandatory	ADJ
cblr-7157	890	28	nature	nature	NOUN
cblr-7157	890	29	of	of	ADP
cblr-7157	890	30	fiduciary	fiduciary	ADJ
cblr-7157	890	31	duties	duty	NOUN
cblr-7157	890	32	)	)	PUNCT
cblr-7157	890	33	.	.	PUNCT
cblr-7157	891	1	198	198	NUM
cblr-7157	891	2	see	see	VERB
cblr-7157	891	3	,	,	PUNCT
cblr-7157	891	4	e.g.	e.g.	ADV
cblr-7157	891	5	,	,	PUNCT
cblr-7157	891	6	del	del	PROPN
cblr-7157	891	7	.	.	PROPN
cblr-7157	891	8	code	code	PROPN
cblr-7157	891	9	ann	ann	PROPN
cblr-7157	891	10	.	.	PUNCT
cblr-7157	892	1	tit	tit	PROPN
cblr-7157	892	2	.	.	PROPN
cblr-7157	893	1	8	8	NUM
cblr-7157	893	2	,	,	PUNCT
cblr-7157	893	3	§	§	PROPN
cblr-7157	893	4	102(b)(7	102(b)(7	NUM
cblr-7157	893	5	)	)	PUNCT
cblr-7157	893	6	(	(	PUNCT
cblr-7157	893	7	2019	2019	NUM
cblr-7157	893	8	)	)	PUNCT
cblr-7157	893	9	.	.	PUNCT
cblr-7157	894	1	199	199	NUM
cblr-7157	894	2	see	see	PROPN
cblr-7157	894	3	velasco	velasco	PROPN
cblr-7157	894	4	,	,	PUNCT
cblr-7157	894	5	supra	supra	PROPN
cblr-7157	894	6	note	note	PROPN
cblr-7157	894	7	8	8	NUM
cblr-7157	894	8	,	,	PUNCT
cblr-7157	894	9	at	at	ADP
cblr-7157	894	10	920–21	920–21	NOUN
cblr-7157	894	11	.	.	PUNCT
cblr-7157	895	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	895	2	(	(	PUNCT
cblr-7157	895	3	do	do	AUX
cblr-7157	895	4	not	not	PART
cblr-7157	895	5	delete	delete	VERB
cblr-7157	895	6	)	)	PUNCT
cblr-7157	895	7	10/2/2020	10/2/2020	NUM
cblr-7157	895	8	11:44	11:44	NUM
cblr-7157	895	9	am	be	AUX
cblr-7157	895	10	no	no	NOUN
cblr-7157	895	11	.	.	PUNCT
cblr-7157	895	12	1:1	1:1	NUM
cblr-7157	895	13	]	]	X
cblr-7157	895	14	a	a	DET
cblr-7157	895	15	property	property	NOUN
cblr-7157	895	16	theory	theory	NOUN
cblr-7157	895	17	59	59	NUM
cblr-7157	895	18	result	result	NOUN
cblr-7157	895	19	,	,	PUNCT
cblr-7157	895	20	the	the	DET
cblr-7157	895	21	contractarian	contractarian	ADJ
cblr-7157	895	22	approach	approach	NOUN
cblr-7157	895	23	requires	require	VERB
cblr-7157	895	24	that	that	SCONJ
cblr-7157	895	25	the	the	DET
cblr-7157	895	26	corporation	corporation	NOUN
cblr-7157	895	27	is	be	AUX
cblr-7157	895	28	a	a	DET
cblr-7157	895	29	set	set	NOUN
cblr-7157	895	30	of	of	ADP
cblr-7157	895	31	contracts	contract	NOUN
cblr-7157	895	32	but	but	CCONJ
cblr-7157	895	33	could	could	AUX
cblr-7157	895	34	not	not	PART
cblr-7157	895	35	be	be	AUX
cblr-7157	895	36	replicated	replicate	VERB
cblr-7157	895	37	by	by	ADP
cblr-7157	895	38	a	a	DET
cblr-7157	895	39	set	set	NOUN
cblr-7157	895	40	of	of	ADP
cblr-7157	895	41	contracts	contract	NOUN
cblr-7157	895	42	,	,	PUNCT
cblr-7157	895	43	which	which	PRON
cblr-7157	895	44	creates	create	VERB
cblr-7157	895	45	a	a	DET
cblr-7157	895	46	serious	serious	ADJ
cblr-7157	895	47	tension	tension	NOUN
cblr-7157	895	48	.	.	PUNCT
cblr-7157	896	1	having	having	AUX
cblr-7157	896	2	shown	show	VERB
cblr-7157	896	3	that	that	SCONJ
cblr-7157	896	4	transaction	transaction	NOUN
cblr-7157	896	5	costs	cost	NOUN
cblr-7157	896	6	prohibit	prohibit	VERB
cblr-7157	896	7	a	a	DET
cblr-7157	896	8	contractarian	contractarian	ADJ
cblr-7157	896	9	perspective	perspective	NOUN
cblr-7157	896	10	on	on	ADP
cblr-7157	896	11	stock	stock	NOUN
cblr-7157	896	12	,	,	PUNCT
cblr-7157	896	13	it	it	PRON
cblr-7157	896	14	is	be	AUX
cblr-7157	896	15	appropriate	appropriate	ADJ
cblr-7157	896	16	to	to	PART
cblr-7157	896	17	show	show	VERB
cblr-7157	896	18	how	how	SCONJ
cblr-7157	896	19	property	property	NOUN
cblr-7157	896	20	law	law	NOUN
cblr-7157	896	21	resolves	resolve	VERB
cblr-7157	896	22	these	these	DET
cblr-7157	896	23	issues	issue	NOUN
cblr-7157	896	24	.	.	PUNCT
cblr-7157	897	1	property	property	NOUN
cblr-7157	897	2	law	law	NOUN
cblr-7157	897	3	deals	deal	VERB
cblr-7157	897	4	with	with	ADP
cblr-7157	897	5	the	the	DET
cblr-7157	897	6	transaction	transaction	NOUN
cblr-7157	897	7	costs	cost	NOUN
cblr-7157	897	8	involved	involve	VERB
cblr-7157	897	9	in	in	ADP
cblr-7157	897	10	creating	create	VERB
cblr-7157	897	11	agreements	agreement	NOUN
cblr-7157	897	12	that	that	PRON
cblr-7157	897	13	will	will	AUX
cblr-7157	897	14	bind	bind	VERB
cblr-7157	897	15	unknown	unknown	ADJ
cblr-7157	897	16	(	(	PUNCT
cblr-7157	897	17	and	and	CCONJ
cblr-7157	897	18	even	even	ADV
cblr-7157	897	19	unknowable	unknowable	ADJ
cblr-7157	897	20	)	)	PUNCT
cblr-7157	897	21	counterparties	counterpartie	NOUN
cblr-7157	897	22	—	—	PUNCT
cblr-7157	897	23	in	in	ADP
cblr-7157	897	24	rem	rem	PUNCT
cblr-7157	897	25	obligations.200	obligations.200	ADP
cblr-7157	897	26	the	the	DET
cblr-7157	897	27	in	in	ADP
cblr-7157	897	28	rem	rem	NOUN
cblr-7157	897	29	aspects	aspect	NOUN
cblr-7157	897	30	of	of	ADP
cblr-7157	897	31	private	private	ADJ
cblr-7157	897	32	law	law	NOUN
cblr-7157	897	33	are	be	AUX
cblr-7157	897	34	quintessential	quintessential	ADJ
cblr-7157	897	35	property	property	NOUN
cblr-7157	897	36	mechanisms	mechanism	NOUN
cblr-7157	897	37	,	,	PUNCT
cblr-7157	897	38	operating	operate	VERB
cblr-7157	897	39	differently	differently	ADV
cblr-7157	897	40	from	from	ADP
cblr-7157	897	41	the	the	DET
cblr-7157	897	42	in	in	ADP
cblr-7157	897	43	personam	personam	NOUN
cblr-7157	897	44	mechanisms	mechanism	NOUN
cblr-7157	897	45	of	of	ADP
cblr-7157	897	46	contract	contract	NOUN
cblr-7157	897	47	law	law	NOUN
cblr-7157	897	48	.	.	PUNCT
cblr-7157	898	1	the	the	DET
cblr-7157	898	2	next	next	ADJ
cblr-7157	898	3	few	few	ADJ
cblr-7157	898	4	paragraphs	paragraph	NOUN
cblr-7157	898	5	provide	provide	VERB
cblr-7157	898	6	several	several	ADJ
cblr-7157	898	7	examples	example	NOUN
cblr-7157	898	8	of	of	ADP
cblr-7157	898	9	how	how	SCONJ
cblr-7157	898	10	property	property	NOUN
cblr-7157	898	11	mechanisms	mechanism	NOUN
cblr-7157	898	12	in	in	ADP
cblr-7157	898	13	corporate	corporate	ADJ
cblr-7157	898	14	law	law	NOUN
cblr-7157	898	15	enable	enable	VERB
cblr-7157	898	16	the	the	DET
cblr-7157	898	17	in	in	ADP
cblr-7157	898	18	rem	rem	PUNCT
cblr-7157	898	19	features	feature	NOUN
cblr-7157	898	20	necessary	necessary	ADJ
cblr-7157	898	21	for	for	ADP
cblr-7157	898	22	a	a	DET
cblr-7157	898	23	widely	widely	ADV
cblr-7157	898	24	held	hold	VERB
cblr-7157	898	25	corporation	corporation	NOUN
cblr-7157	898	26	.	.	PUNCT
cblr-7157	899	1	the	the	DET
cblr-7157	899	2	governance	governance	NOUN
cblr-7157	899	3	of	of	ADP
cblr-7157	899	4	the	the	DET
cblr-7157	899	5	corporation	corporation	NOUN
cblr-7157	899	6	could	could	AUX
cblr-7157	899	7	not	not	PART
cblr-7157	899	8	be	be	AUX
cblr-7157	899	9	replicated	replicate	VERB
cblr-7157	899	10	by	by	ADP
cblr-7157	899	11	contract	contract	NOUN
cblr-7157	899	12	,	,	PUNCT
cblr-7157	899	13	even	even	ADV
cblr-7157	899	14	when	when	SCONJ
cblr-7157	899	15	supplemented	supplement	VERB
cblr-7157	899	16	by	by	ADP
cblr-7157	899	17	ordinary	ordinary	ADJ
cblr-7157	899	18	property	property	NOUN
cblr-7157	899	19	law	law	NOUN
cblr-7157	899	20	.	.	PUNCT
cblr-7157	900	1	business	business	NOUN
cblr-7157	900	2	owners	owner	NOUN
cblr-7157	900	3	could	could	AUX
cblr-7157	900	4	hold	hold	VERB
cblr-7157	900	5	the	the	DET
cblr-7157	900	6	business	business	NOUN
cblr-7157	900	7	’s	’s	PART
cblr-7157	900	8	assets	asset	NOUN
cblr-7157	900	9	in	in	ADP
cblr-7157	900	10	a	a	DET
cblr-7157	900	11	cotenancy	cotenancy	NOUN
cblr-7157	900	12	form	form	NOUN
cblr-7157	900	13	,	,	PUNCT
cblr-7157	900	14	but	but	CCONJ
cblr-7157	900	15	the	the	DET
cblr-7157	900	16	rights	right	NOUN
cblr-7157	900	17	that	that	PRON
cblr-7157	900	18	cotenants	cotenant	NOUN
cblr-7157	900	19	have	have	VERB
cblr-7157	900	20	(	(	PUNCT
cblr-7157	900	21	to	to	PART
cblr-7157	900	22	use	use	VERB
cblr-7157	900	23	and	and	CCONJ
cblr-7157	900	24	possess	possess	VERB
cblr-7157	900	25	the	the	DET
cblr-7157	900	26	whole	whole	ADJ
cblr-7157	900	27	property	property	NOUN
cblr-7157	900	28	,	,	PUNCT
cblr-7157	900	29	to	to	PART
cblr-7157	900	30	transfer	transfer	VERB
cblr-7157	900	31	their	their	PRON
cblr-7157	900	32	interests	interest	NOUN
cblr-7157	900	33	,	,	PUNCT
cblr-7157	900	34	and	and	CCONJ
cblr-7157	900	35	to	to	PART
cblr-7157	900	36	force	force	VERB
cblr-7157	900	37	a	a	DET
cblr-7157	900	38	partition	partition	NOUN
cblr-7157	900	39	)	)	PUNCT
cblr-7157	900	40	would	would	AUX
cblr-7157	900	41	make	make	VERB
cblr-7157	900	42	this	this	DET
cblr-7157	900	43	problematic.201	problematic.201	NOUN
cblr-7157	900	44	the	the	DET
cblr-7157	900	45	parties	party	NOUN
cblr-7157	900	46	could	could	AUX
cblr-7157	900	47	attempt	attempt	VERB
cblr-7157	900	48	to	to	PART
cblr-7157	900	49	contract	contract	VERB
cblr-7157	900	50	around	around	ADP
cblr-7157	900	51	this	this	PRON
cblr-7157	900	52	,	,	PUNCT
cblr-7157	900	53	but	but	CCONJ
cblr-7157	900	54	those	those	DET
cblr-7157	900	55	contracts	contract	NOUN
cblr-7157	900	56	would	would	AUX
cblr-7157	900	57	likely	likely	ADV
cblr-7157	900	58	be	be	AUX
cblr-7157	900	59	unenforceable	unenforceable	ADJ
cblr-7157	900	60	restraints	restraint	NOUN
cblr-7157	900	61	on	on	ADP
cblr-7157	900	62	alienation	alienation	NOUN
cblr-7157	900	63	and	and	CCONJ
cblr-7157	900	64	the	the	DET
cblr-7157	900	65	contractual	contractual	ADJ
cblr-7157	900	66	remedies	remedy	NOUN
cblr-7157	900	67	available	available	ADJ
cblr-7157	900	68	would	would	AUX
cblr-7157	900	69	be	be	AUX
cblr-7157	900	70	inadequate.202	inadequate.202	NOUN
cblr-7157	900	71	to	to	PART
cblr-7157	900	72	make	make	VERB
cblr-7157	900	73	the	the	DET
cblr-7157	900	74	corporation	corporation	NOUN
cblr-7157	900	75	work	work	VERB
cblr-7157	900	76	a	a	DET
cblr-7157	900	77	purchaser	purchaser	NOUN
cblr-7157	900	78	would	would	AUX
cblr-7157	900	79	need	need	VERB
cblr-7157	900	80	to	to	PART
cblr-7157	900	81	agree	agree	VERB
cblr-7157	900	82	not	not	PART
cblr-7157	900	83	to	to	PART
cblr-7157	900	84	exercise	exercise	VERB
cblr-7157	900	85	normal	normal	ADJ
cblr-7157	900	86	property	property	NOUN
cblr-7157	900	87	rights	right	NOUN
cblr-7157	900	88	.	.	PUNCT
cblr-7157	901	1	but	but	CCONJ
cblr-7157	901	2	agreements	agreement	NOUN
cblr-7157	901	3	much	much	ADV
cblr-7157	901	4	less	less	ADV
cblr-7157	901	5	intrusive	intrusive	ADJ
cblr-7157	901	6	than	than	SCONJ
cblr-7157	901	7	that	that	PRON
cblr-7157	901	8	have	have	AUX
cblr-7157	901	9	been	be	AUX
cblr-7157	901	10	held	hold	VERB
cblr-7157	901	11	to	to	PART
cblr-7157	901	12	violate	violate	VERB
cblr-7157	901	13	the	the	DET
cblr-7157	901	14	rule	rule	NOUN
cblr-7157	901	15	against	against	ADP
cblr-7157	901	16	perpetuities	perpetuity	NOUN
cblr-7157	901	17	and	and	CCONJ
cblr-7157	901	18	constitute	constitute	VERB
cblr-7157	901	19	an	an	DET
cblr-7157	901	20	impermissible	impermissible	ADJ
cblr-7157	901	21	restriction	restriction	NOUN
cblr-7157	901	22	on	on	ADP
cblr-7157	901	23	the	the	DET
cblr-7157	901	24	right	right	NOUN
cblr-7157	901	25	of	of	ADP
cblr-7157	901	26	partition.203	partition.203	NOUN
cblr-7157	901	27	thus	thus	ADV
cblr-7157	901	28	,	,	PUNCT
cblr-7157	901	29	the	the	DET
cblr-7157	901	30	property	property	NOUN
cblr-7157	901	31	features	feature	NOUN
cblr-7157	901	32	of	of	ADP
cblr-7157	901	33	the	the	DET
cblr-7157	901	34	corporation	corporation	NOUN
cblr-7157	901	35	provide	provide	VERB
cblr-7157	901	36	the	the	DET
cblr-7157	901	37	solution	solution	NOUN
cblr-7157	901	38	.	.	PUNCT
cblr-7157	902	1	transferability	transferability	NOUN
cblr-7157	902	2	of	of	ADP
cblr-7157	902	3	shares	share	NOUN
cblr-7157	902	4	,	,	PUNCT
cblr-7157	902	5	one	one	NUM
cblr-7157	902	6	of	of	ADP
cblr-7157	902	7	the	the	DET
cblr-7157	902	8	core	core	ADJ
cblr-7157	902	9	attributes	attribute	NOUN
cblr-7157	902	10	of	of	ADP
cblr-7157	902	11	the	the	DET
cblr-7157	902	12	corporation	corporation	NOUN
cblr-7157	902	13	,	,	PUNCT
cblr-7157	902	14	requires	require	VERB
cblr-7157	902	15	the	the	DET
cblr-7157	902	16	in	in	ADP
cblr-7157	902	17	rem	rem	PUNCT
cblr-7157	902	18	features	feature	NOUN
cblr-7157	902	19	of	of	ADP
cblr-7157	902	20	property	property	NOUN
cblr-7157	902	21	.	.	PUNCT
cblr-7157	903	1	this	this	PRON
cblr-7157	903	2	is	be	AUX
cblr-7157	903	3	because	because	SCONJ
cblr-7157	903	4	the	the	DET
cblr-7157	903	5	special	special	ADJ
cblr-7157	903	6	restrictions	restriction	NOUN
cblr-7157	903	7	described	describe	VERB
cblr-7157	903	8	above	above	ADV
cblr-7157	903	9	would	would	AUX
cblr-7157	903	10	also	also	ADV
cblr-7157	903	11	need	need	VERB
cblr-7157	903	12	to	to	PART
cblr-7157	903	13	be	be	AUX
cblr-7157	903	14	enforceable	enforceable	ADJ
cblr-7157	903	15	against	against	ADP
cblr-7157	903	16	transferees	transferee	NOUN
cblr-7157	903	17	.	.	PUNCT
cblr-7157	904	1	in	in	ADP
cblr-7157	904	2	this	this	DET
cblr-7157	904	3	regard	regard	NOUN
cblr-7157	904	4	,	,	PUNCT
cblr-7157	904	5	a	a	DET
cblr-7157	904	6	200	200	NUM
cblr-7157	904	7	see	see	NOUN
cblr-7157	904	8	supra	supra	PROPN
cblr-7157	904	9	section	section	PROPN
cblr-7157	904	10	ii.c.2	ii.c.2	PROPN
cblr-7157	904	11	.	.	PUNCT
cblr-7157	905	1	201	201	NUM
cblr-7157	905	2	morgan	morgan	PROPN
cblr-7157	905	3	ricks	rick	NOUN
cblr-7157	905	4	,	,	PUNCT
cblr-7157	905	5	organizational	organizational	ADJ
cblr-7157	905	6	law	law	NOUN
cblr-7157	905	7	as	as	ADP
cblr-7157	905	8	commitment	commitment	NOUN
cblr-7157	905	9	device	device	NOUN
cblr-7157	905	10	,	,	PUNCT
cblr-7157	905	11	70	70	NUM
cblr-7157	905	12	vand	vand	NOUN
cblr-7157	905	13	.	.	PUNCT
cblr-7157	906	1	l.	l.	PROPN
cblr-7157	906	2	rev	rev	PROPN
cblr-7157	906	3	.	.	PROPN
cblr-7157	906	4	1303	1303	NUM
cblr-7157	906	5	,	,	PUNCT
cblr-7157	906	6	1321	1321	NUM
cblr-7157	906	7	(	(	PUNCT
cblr-7157	906	8	2017	2017	NUM
cblr-7157	906	9	)	)	PUNCT
cblr-7157	906	10	.	.	PUNCT
cblr-7157	907	1	202	202	NUM
cblr-7157	907	2	i	i	PRON
cblr-7157	907	3	d.	d.	PROPN
cblr-7157	907	4	203	203	NUM
cblr-7157	907	5	see	see	VERB
cblr-7157	907	6	,	,	PUNCT
cblr-7157	907	7	e.g.	e.g.	ADV
cblr-7157	907	8	,	,	PUNCT
cblr-7157	907	9	roberts	roberts	PROPN
cblr-7157	907	10	v.	v.	PROPN
cblr-7157	907	11	jones	jones	PROPN
cblr-7157	907	12	,	,	PUNCT
cblr-7157	907	13	30	30	NUM
cblr-7157	907	14	n.e.2d	n.e.2d	NOUN
cblr-7157	907	15	392	392	NUM
cblr-7157	907	16	,	,	PUNCT
cblr-7157	907	17	394	394	NUM
cblr-7157	907	18	(	(	PUNCT
cblr-7157	907	19	mass	mass	PROPN
cblr-7157	907	20	.	.	PROPN
cblr-7157	907	21	1940	1940	NUM
cblr-7157	907	22	)	)	PUNCT
cblr-7157	907	23	(	(	PUNCT
cblr-7157	907	24	holding	hold	VERB
cblr-7157	907	25	that	that	SCONJ
cblr-7157	907	26	a	a	DET
cblr-7157	907	27	perpetual	perpetual	ADJ
cblr-7157	907	28	restriction	restriction	NOUN
cblr-7157	907	29	on	on	ADP
cblr-7157	907	30	partition	partition	NOUN
cblr-7157	907	31	and	and	CCONJ
cblr-7157	907	32	alienation	alienation	NOUN
cblr-7157	907	33	violated	violate	VERB
cblr-7157	907	34	public	public	ADJ
cblr-7157	907	35	policy	policy	NOUN
cblr-7157	907	36	)	)	PUNCT
cblr-7157	907	37	.	.	PUNCT
cblr-7157	908	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	908	2	(	(	PUNCT
cblr-7157	908	3	do	do	AUX
cblr-7157	908	4	not	not	PART
cblr-7157	908	5	delte	delte	VERB
cblr-7157	908	6	)	)	PUNCT
cblr-7157	908	7	10/2/2020	10/2/2020	NUM
cblr-7157	908	8	11:44	11:44	NUM
cblr-7157	908	9	am	am	NOUN
cblr-7157	908	10	60	60	NUM
cblr-7157	908	11	columbia	columbia	PROPN
cblr-7157	908	12	business	business	NOUN
cblr-7157	908	13	law	law	NOUN
cblr-7157	908	14	review	review	NOUN
cblr-7157	908	15	[	[	X
cblr-7157	908	16	vol	vol	NOUN
cblr-7157	908	17	.	.	PUNCT
cblr-7157	908	18	2020	2020	NUM
cblr-7157	908	19	public	public	ADJ
cblr-7157	908	20	company	company	NOUN
cblr-7157	908	21	in	in	ADP
cblr-7157	908	22	which	which	PRON
cblr-7157	908	23	anyone	anyone	PRON
cblr-7157	908	24	can	can	AUX
cblr-7157	908	25	buy	buy	VERB
cblr-7157	908	26	shares	share	NOUN
cblr-7157	908	27	has	have	VERB
cblr-7157	908	28	a	a	DET
cblr-7157	908	29	necessarily	necessarily	ADV
cblr-7157	908	30	in	in	ADP
cblr-7157	908	31	rem	rem	NOUN
cblr-7157	908	32	character	character	NOUN
cblr-7157	908	33	that	that	PRON
cblr-7157	908	34	is	be	AUX
cblr-7157	908	35	not	not	PART
cblr-7157	908	36	replicable	replicable	ADJ
cblr-7157	908	37	by	by	ADP
cblr-7157	908	38	contract	contract	NOUN
cblr-7157	908	39	.	.	PUNCT
cblr-7157	909	1	share	share	NOUN
cblr-7157	909	2	ownership	ownership	NOUN
cblr-7157	909	3	is	be	AUX
cblr-7157	909	4	open	open	ADJ
cblr-7157	909	5	to	to	ADP
cblr-7157	909	6	an	an	DET
cblr-7157	909	7	indefinite	indefinite	ADJ
cblr-7157	909	8	and	and	CCONJ
cblr-7157	909	9	diffuse	diffuse	ADJ
cblr-7157	909	10	class	class	NOUN
cblr-7157	909	11	of	of	ADP
cblr-7157	909	12	persons	person	NOUN
cblr-7157	909	13	,	,	PUNCT
cblr-7157	909	14	and	and	CCONJ
cblr-7157	909	15	it	it	PRON
cblr-7157	909	16	is	be	AUX
cblr-7157	909	17	thus	thus	ADV
cblr-7157	909	18	not	not	PART
cblr-7157	909	19	feasible	feasible	ADJ
cblr-7157	909	20	to	to	PART
cblr-7157	909	21	contract	contract	VERB
cblr-7157	909	22	with	with	ADP
cblr-7157	909	23	all	all	DET
cblr-7157	909	24	those	those	PRON
cblr-7157	909	25	who	who	PRON
cblr-7157	909	26	might	might	AUX
cblr-7157	909	27	purchase	purchase	VERB
cblr-7157	909	28	the	the	DET
cblr-7157	909	29	shares	share	NOUN
cblr-7157	909	30	.	.	PUNCT
cblr-7157	910	1	property	property	NOUN
cblr-7157	910	2	has	have	VERB
cblr-7157	910	3	a	a	DET
cblr-7157	910	4	means	mean	NOUN
cblr-7157	910	5	of	of	ADP
cblr-7157	910	6	dealing	deal	VERB
cblr-7157	910	7	with	with	ADP
cblr-7157	910	8	this	this	PRON
cblr-7157	910	9	—	—	PUNCT
cblr-7157	910	10	servitudes	servitude	VERB
cblr-7157	910	11	that	that	SCONJ
cblr-7157	910	12	“	"	PUNCT
cblr-7157	910	13	run	run	VERB
cblr-7157	910	14	with	with	ADP
cblr-7157	910	15	the	the	DET
cblr-7157	910	16	land	land	NOUN
cblr-7157	910	17	.	.	PUNCT
cblr-7157	910	18	”	"	PUNCT
cblr-7157	911	1	the	the	DET
cblr-7157	911	2	fact	fact	NOUN
cblr-7157	911	3	that	that	SCONJ
cblr-7157	911	4	transferees	transferee	NOUN
cblr-7157	911	5	of	of	ADP
cblr-7157	911	6	corporate	corporate	ADJ
cblr-7157	911	7	stock	stock	NOUN
cblr-7157	911	8	are	be	AUX
cblr-7157	911	9	subject	subject	ADJ
cblr-7157	911	10	to	to	ADP
cblr-7157	911	11	certain	certain	ADJ
cblr-7157	911	12	restrictions	restriction	NOUN
cblr-7157	911	13	without	without	ADP
cblr-7157	911	14	entering	enter	VERB
cblr-7157	911	15	into	into	ADP
cblr-7157	911	16	any	any	DET
cblr-7157	911	17	contractual	contractual	ADJ
cblr-7157	911	18	agreement	agreement	NOUN
cblr-7157	911	19	is	be	AUX
cblr-7157	911	20	similar	similar	ADJ
cblr-7157	911	21	to	to	ADP
cblr-7157	911	22	a	a	DET
cblr-7157	911	23	servitude	servitude	NOUN
cblr-7157	911	24	in	in	ADP
cblr-7157	911	25	property	property	NOUN
cblr-7157	911	26	,	,	PUNCT
cblr-7157	911	27	which	which	PRON
cblr-7157	911	28	is	be	AUX
cblr-7157	911	29	an	an	DET
cblr-7157	911	30	in	in	NOUN
cblr-7157	911	31	rem	rem	PUNCT
cblr-7157	911	32	right	right	ADV
cblr-7157	911	33	in	in	ADP
cblr-7157	911	34	the	the	DET
cblr-7157	911	35	sense	sense	NOUN
cblr-7157	911	36	that	that	SCONJ
cblr-7157	911	37	it	it	PRON
cblr-7157	911	38	applies	apply	VERB
cblr-7157	911	39	even	even	ADV
cblr-7157	911	40	to	to	ADP
cblr-7157	911	41	those	those	PRON
cblr-7157	911	42	with	with	ADP
cblr-7157	911	43	no	no	DET
cblr-7157	911	44	relationship	relationship	NOUN
cblr-7157	911	45	to	to	ADP
cblr-7157	911	46	the	the	DET
cblr-7157	911	47	holder	holder	NOUN
cblr-7157	911	48	of	of	ADP
cblr-7157	911	49	the	the	DET
cblr-7157	911	50	right.204	right.204	NOUN
cblr-7157	911	51	in	in	ADP
cblr-7157	911	52	other	other	ADJ
cblr-7157	911	53	words	word	NOUN
cblr-7157	911	54	,	,	PUNCT
cblr-7157	911	55	it	it	PRON
cblr-7157	911	56	“	"	PUNCT
cblr-7157	911	57	runs	run	NOUN
cblr-7157	911	58	”	"	PUNCT
cblr-7157	911	59	with	with	ADP
cblr-7157	911	60	the	the	DET
cblr-7157	911	61	asset	asset	NOUN
cblr-7157	911	62	even	even	ADV
cblr-7157	911	63	as	as	ADP
cblr-7157	911	64	to	to	ADP
cblr-7157	911	65	those	those	PRON
cblr-7157	911	66	who	who	PRON
cblr-7157	911	67	have	have	VERB
cblr-7157	911	68	no	no	DET
cblr-7157	911	69	contractual	contractual	ADJ
cblr-7157	911	70	relationship	relationship	NOUN
cblr-7157	911	71	with	with	ADP
cblr-7157	911	72	the	the	DET
cblr-7157	911	73	asset	asset	NOUN
cblr-7157	911	74	’s	’s	PART
cblr-7157	911	75	owner	owner	NOUN
cblr-7157	911	76	,	,	PUNCT
cblr-7157	911	77	a	a	DET
cblr-7157	911	78	characteristic	characteristic	NOUN
cblr-7157	911	79	of	of	ADP
cblr-7157	911	80	property.205	property.205	NOUN
cblr-7157	911	81	in	in	ADP
cblr-7157	911	82	a	a	DET
cblr-7157	911	83	sense	sense	NOUN
cblr-7157	911	84	,	,	PUNCT
cblr-7157	911	85	this	this	DET
cblr-7157	911	86	“	"	PUNCT
cblr-7157	911	87	transferability	transferability	NOUN
cblr-7157	911	88	”	"	PUNCT
cblr-7157	911	89	argument	argument	NOUN
cblr-7157	911	90	is	be	AUX
cblr-7157	911	91	the	the	DET
cblr-7157	911	92	general	general	ADJ
cblr-7157	911	93	case	case	NOUN
cblr-7157	911	94	underlying	underlie	VERB
cblr-7157	911	95	hansmann	hansmann	NOUN
cblr-7157	911	96	and	and	CCONJ
cblr-7157	911	97	kraakman	kraakman	PROPN
cblr-7157	911	98	’s	’s	PART
cblr-7157	911	99	affirmative	affirmative	ADJ
cblr-7157	911	100	asset	asset	NOUN
cblr-7157	911	101	partitioning	partition	VERB
cblr-7157	911	102	theory.206	theory.206	ADP
cblr-7157	911	103	it	it	PRON
cblr-7157	911	104	is	be	AUX
cblr-7157	911	105	the	the	DET
cblr-7157	911	106	two	two	NUM
cblr-7157	911	107	-	-	PUNCT
cblr-7157	911	108	sided	sided	ADJ
cblr-7157	911	109	in	in	ADP
cblr-7157	911	110	rem	rem	PUNCT
cblr-7157	911	111	feature	feature	NOUN
cblr-7157	911	112	of	of	ADP
cblr-7157	911	113	corporate	corporate	ADJ
cblr-7157	911	114	law	law	NOUN
cblr-7157	911	115	that	that	PRON
cblr-7157	911	116	is	be	AUX
cblr-7157	911	117	not	not	PART
cblr-7157	911	118	replicable	replicable	ADJ
cblr-7157	911	119	by	by	ADP
cblr-7157	911	120	contract	contract	NOUN
cblr-7157	911	121	,	,	PUNCT
cblr-7157	911	122	and	and	CCONJ
cblr-7157	911	123	these	these	PRON
cblr-7157	911	124	are	be	AUX
cblr-7157	911	125	the	the	DET
cblr-7157	911	126	mandatory	mandatory	ADJ
cblr-7157	911	127	features	feature	NOUN
cblr-7157	911	128	of	of	ADP
cblr-7157	911	129	corporate	corporate	ADJ
cblr-7157	911	130	law	law	NOUN
cblr-7157	911	131	.	.	PUNCT
cblr-7157	912	1	the	the	DET
cblr-7157	912	2	connection	connection	NOUN
cblr-7157	912	3	between	between	ADP
cblr-7157	912	4	share	share	NOUN
cblr-7157	912	5	transferability	transferability	NOUN
cblr-7157	912	6	and	and	CCONJ
cblr-7157	912	7	property	property	NOUN
cblr-7157	912	8	-	-	PUNCT
cblr-7157	912	9	like	like	ADJ
cblr-7157	912	10	rules	rule	NOUN
cblr-7157	912	11	is	be	AUX
cblr-7157	912	12	illustrated	illustrate	VERB
cblr-7157	912	13	by	by	ADP
cblr-7157	912	14	comparing	compare	VERB
cblr-7157	912	15	unincorporated	unincorporated	ADJ
cblr-7157	912	16	associations	association	NOUN
cblr-7157	912	17	with	with	ADP
cblr-7157	912	18	corporations	corporation	NOUN
cblr-7157	912	19	.	.	PUNCT
cblr-7157	913	1	partnerships	partnership	NOUN
cblr-7157	913	2	,	,	PUNCT
cblr-7157	913	3	for	for	ADP
cblr-7157	913	4	example	example	NOUN
cblr-7157	913	5	,	,	PUNCT
cblr-7157	913	6	have	have	VERB
cblr-7157	913	7	greater	great	ADJ
cblr-7157	913	8	contractual	contractual	ADJ
cblr-7157	913	9	flexibility	flexibility	NOUN
cblr-7157	913	10	than	than	ADP
cblr-7157	913	11	corporations,207	corporations,207	NOUN
cblr-7157	913	12	notably	notably	ADV
cblr-7157	913	13	in	in	ADP
cblr-7157	913	14	allowing	allow	VERB
cblr-7157	913	15	for	for	ADP
cblr-7157	913	16	the	the	DET
cblr-7157	913	17	curtailment	curtailment	ADJ
cblr-7157	913	18	or	or	CCONJ
cblr-7157	913	19	elimination	elimination	NOUN
cblr-7157	913	20	of	of	ADP
cblr-7157	913	21	fiduciary	fiduciary	ADJ
cblr-7157	913	22	duties	duty	NOUN
cblr-7157	913	23	in	in	ADP
cblr-7157	913	24	some	some	DET
cblr-7157	913	25	jurisdictions.208	jurisdictions.208	NOUN
cblr-7157	913	26	additionally	additionally	ADV
cblr-7157	913	27	,	,	PUNCT
cblr-7157	913	28	the	the	DET
cblr-7157	913	29	llc	llc	NOUN
cblr-7157	913	30	,	,	PUNCT
cblr-7157	913	31	particularly	particularly	ADV
cblr-7157	913	32	in	in	ADP
cblr-7157	913	33	204	204	NUM
cblr-7157	913	34	robinson	robinson	NOUN
cblr-7157	913	35	,	,	PUNCT
cblr-7157	913	36	supra	supra	PROPN
cblr-7157	913	37	note	note	PROPN
cblr-7157	913	38	161	161	NUM
cblr-7157	913	39	,	,	PUNCT
cblr-7157	913	40	at	at	ADP
cblr-7157	913	41	1467	1467	NUM
cblr-7157	913	42	(	(	PUNCT
cblr-7157	913	43	“	"	PUNCT
cblr-7157	913	44	[	[	X
cblr-7157	913	45	i]t	i]t	NOUN
cblr-7157	913	46	is	be	AUX
cblr-7157	913	47	in	in	ADP
cblr-7157	913	48	the	the	DET
cblr-7157	913	49	nature	nature	NOUN
cblr-7157	913	50	of	of	ADP
cblr-7157	913	51	property	property	NOUN
cblr-7157	913	52	servitudes	servitude	NOUN
cblr-7157	913	53	that	that	SCONJ
cblr-7157	913	54	they	they	PRON
cblr-7157	913	55	create	create	VERB
cblr-7157	913	56	in	in	ADP
cblr-7157	913	57	rem	rem	PUNCT
cblr-7157	913	58	obligations	obligation	NOUN
cblr-7157	913	59	binding	bind	VERB
cblr-7157	913	60	on	on	ADP
cblr-7157	913	61	persons	person	NOUN
cblr-7157	913	62	who	who	PRON
cblr-7157	913	63	otherwise	otherwise	ADV
cblr-7157	913	64	have	have	VERB
cblr-7157	913	65	no	no	DET
cblr-7157	913	66	relationship	relationship	NOUN
cblr-7157	913	67	to	to	ADP
cblr-7157	913	68	the	the	DET
cblr-7157	913	69	creator	creator	NOUN
cblr-7157	913	70	of	of	ADP
cblr-7157	913	71	the	the	DET
cblr-7157	913	72	obligation	obligation	NOUN
cblr-7157	913	73	.	.	PUNCT
cblr-7157	913	74	”	"	PUNCT
cblr-7157	913	75	)	)	PUNCT
cblr-7157	913	76	.	.	PUNCT
cblr-7157	914	1	205	205	NUM
cblr-7157	914	2	henry	henry	PROPN
cblr-7157	914	3	hansmann	hansmann	PROPN
cblr-7157	914	4	&	&	CCONJ
cblr-7157	914	5	reinier	reinier	PROPN
cblr-7157	914	6	kraakman	kraakman	PROPN
cblr-7157	914	7	,	,	PUNCT
cblr-7157	914	8	property	property	NOUN
cblr-7157	914	9	,	,	PUNCT
cblr-7157	914	10	contract	contract	NOUN
cblr-7157	914	11	,	,	PUNCT
cblr-7157	914	12	and	and	CCONJ
cblr-7157	914	13	verification	verification	NOUN
cblr-7157	914	14	:	:	PUNCT
cblr-7157	914	15	the	the	DET
cblr-7157	914	16	numerus	numerus	PROPN
cblr-7157	914	17	clausus	clausus	PROPN
cblr-7157	914	18	problem	problem	NOUN
cblr-7157	914	19	and	and	CCONJ
cblr-7157	914	20	the	the	DET
cblr-7157	914	21	divisibility	divisibility	NOUN
cblr-7157	914	22	of	of	ADP
cblr-7157	914	23	rights	right	NOUN
cblr-7157	914	24	,	,	PUNCT
cblr-7157	914	25	31	31	NUM
cblr-7157	914	26	j.	j.	PROPN
cblr-7157	914	27	legal	legal	ADJ
cblr-7157	914	28	stud	stud	NOUN
cblr-7157	914	29	.	.	PUNCT
cblr-7157	915	1	s373	s373	NOUN
cblr-7157	915	2	,	,	PUNCT
cblr-7157	915	3	s374	s374	PROPN
cblr-7157	915	4	(	(	PUNCT
cblr-7157	915	5	2002	2002	NUM
cblr-7157	915	6	)	)	PUNCT
cblr-7157	915	7	(	(	PUNCT
cblr-7157	915	8	noting	note	VERB
cblr-7157	915	9	that	that	SCONJ
cblr-7157	915	10	one	one	NUM
cblr-7157	915	11	of	of	ADP
cblr-7157	915	12	the	the	DET
cblr-7157	915	13	most	most	ADV
cblr-7157	915	14	principal	principal	ADJ
cblr-7157	915	15	elements	element	NOUN
cblr-7157	915	16	of	of	ADP
cblr-7157	915	17	property	property	NOUN
cblr-7157	915	18	is	be	AUX
cblr-7157	915	19	that	that	SCONJ
cblr-7157	915	20	property	property	NOUN
cblr-7157	915	21	rights	right	NOUN
cblr-7157	915	22	can	can	AUX
cblr-7157	915	23	be	be	AUX
cblr-7157	915	24	enforced	enforce	VERB
cblr-7157	915	25	against	against	ADP
cblr-7157	915	26	transferees	transferee	NOUN
cblr-7157	915	27	of	of	ADP
cblr-7157	915	28	an	an	DET
cblr-7157	915	29	asset	asset	NOUN
cblr-7157	915	30	)	)	PUNCT
cblr-7157	915	31	.	.	PUNCT
cblr-7157	916	1	206	206	NUM
cblr-7157	917	1	the	the	DET
cblr-7157	917	2	affirmative	affirmative	ADJ
cblr-7157	917	3	asset	asset	NOUN
cblr-7157	917	4	partitioning	partition	VERB
cblr-7157	917	5	concept	concept	NOUN
cblr-7157	917	6	protects	protect	VERB
cblr-7157	917	7	assets	asset	NOUN
cblr-7157	917	8	from	from	ADP
cblr-7157	917	9	the	the	DET
cblr-7157	917	10	creditors	creditor	NOUN
cblr-7157	917	11	of	of	ADP
cblr-7157	917	12	the	the	DET
cblr-7157	917	13	owners	owner	NOUN
cblr-7157	917	14	.	.	PUNCT
cblr-7157	918	1	see	see	VERB
cblr-7157	918	2	hansmann	hansmann	PROPN
cblr-7157	918	3	&	&	CCONJ
cblr-7157	918	4	kraakman	kraakman	PROPN
cblr-7157	918	5	,	,	PUNCT
cblr-7157	918	6	supra	supra	PROPN
cblr-7157	918	7	note	note	NOUN
cblr-7157	918	8	189	189	NUM
cblr-7157	918	9	,	,	PUNCT
cblr-7157	918	10	at	at	ADP
cblr-7157	918	11	390	390	NUM
cblr-7157	918	12	.	.	PUNCT
cblr-7157	919	1	but	but	CCONJ
cblr-7157	919	2	an	an	DET
cblr-7157	919	3	equally	equally	ADV
cblr-7157	919	4	important	important	ADJ
cblr-7157	919	5	role	role	NOUN
cblr-7157	919	6	of	of	ADP
cblr-7157	919	7	the	the	DET
cblr-7157	919	8	concept	concept	NOUN
cblr-7157	919	9	is	be	AUX
cblr-7157	919	10	to	to	PART
cblr-7157	919	11	protect	protect	VERB
cblr-7157	919	12	the	the	DET
cblr-7157	919	13	assets	asset	NOUN
cblr-7157	919	14	from	from	ADP
cblr-7157	919	15	a	a	DET
cblr-7157	919	16	transferee	transferee	NOUN
cblr-7157	919	17	.	.	PUNCT
cblr-7157	920	1	indeed	indeed	ADV
cblr-7157	920	2	,	,	PUNCT
cblr-7157	920	3	a	a	DET
cblr-7157	920	4	creditor	creditor	NOUN
cblr-7157	920	5	of	of	ADP
cblr-7157	920	6	the	the	DET
cblr-7157	920	7	owner	owner	NOUN
cblr-7157	920	8	is	be	AUX
cblr-7157	920	9	essentially	essentially	ADV
cblr-7157	920	10	just	just	ADV
cblr-7157	920	11	a	a	DET
cblr-7157	920	12	special	special	ADJ
cblr-7157	920	13	case	case	NOUN
cblr-7157	920	14	of	of	ADP
cblr-7157	920	15	a	a	DET
cblr-7157	920	16	transferee	transferee	NOUN
cblr-7157	920	17	.	.	PUNCT
cblr-7157	921	1	207	207	NUM
cblr-7157	921	2	see	see	VERB
cblr-7157	921	3	,	,	PUNCT
cblr-7157	921	4	e.g.	e.g.	ADV
cblr-7157	921	5	,	,	PUNCT
cblr-7157	921	6	anglo	anglo	ADJ
cblr-7157	921	7	am	am	NOUN
cblr-7157	921	8	.	.	PUNCT
cblr-7157	922	1	sec	sec	PROPN
cblr-7157	922	2	.	.	PROPN
cblr-7157	922	3	fund	fund	PROPN
cblr-7157	922	4	,	,	PUNCT
cblr-7157	922	5	l.p	l.p	PROPN
cblr-7157	922	6	.	.	PROPN
cblr-7157	922	7	v.	v.	PROPN
cblr-7157	922	8	s.r	s.r	PROPN
cblr-7157	922	9	.	.	PROPN
cblr-7157	922	10	glob	glob	PROPN
cblr-7157	922	11	.	.	PUNCT
cblr-7157	923	1	int'l	int'l	PROPN
cblr-7157	923	2	fund	fund	PROPN
cblr-7157	923	3	,	,	PUNCT
cblr-7157	923	4	l.p	l.p	PROPN
cblr-7157	923	5	.	.	PROPN
cblr-7157	923	6	,	,	PUNCT
cblr-7157	923	7	829	829	NUM
cblr-7157	923	8	a.2d	a.2d	SYM
cblr-7157	923	9	143	143	NUM
cblr-7157	923	10	,	,	PUNCT
cblr-7157	923	11	150–151	150–151	NUM
cblr-7157	923	12	(	(	PUNCT
cblr-7157	923	13	del	del	PROPN
cblr-7157	923	14	.	.	PROPN
cblr-7157	923	15	ch	ch	PROPN
cblr-7157	923	16	.	.	PROPN
cblr-7157	923	17	2003	2003	NUM
cblr-7157	923	18	)	)	PUNCT
cblr-7157	923	19	.	.	PUNCT
cblr-7157	924	1	208	208	NUM
cblr-7157	924	2	see	see	VERB
cblr-7157	924	3	scott	scott	PROPN
cblr-7157	924	4	gordon	gordon	PROPN
cblr-7157	924	5	wheeler	wheeler	NOUN
cblr-7157	924	6	,	,	PUNCT
cblr-7157	924	7	comment	comment	NOUN
cblr-7157	924	8	,	,	PUNCT
cblr-7157	924	9	llc	llc	PROPN
cblr-7157	924	10	fiduciaries	fiduciary	NOUN
cblr-7157	924	11	:	:	PUNCT
cblr-7157	924	12	where	where	SCONJ
cblr-7157	924	13	has	have	AUX
cblr-7157	924	14	all	all	DET
cblr-7157	924	15	the	the	DET
cblr-7157	924	16	good	good	ADJ
cblr-7157	924	17	faith	faith	NOUN
cblr-7157	924	18	gone	go	VERB
cblr-7157	924	19	?	?	PUNCT
cblr-7157	924	20	,	,	PUNCT
cblr-7157	924	21	59	59	NUM
cblr-7157	924	22	u.	u.	PROPN
cblr-7157	924	23	kan	kan	PROPN
cblr-7157	924	24	.	.	PUNCT
cblr-7157	925	1	l.	l.	PROPN
cblr-7157	925	2	rev	rev	PROPN
cblr-7157	925	3	.	.	PROPN
cblr-7157	925	4	1063	1063	NUM
cblr-7157	925	5	,	,	PUNCT
cblr-7157	925	6	1066–67	1066–67	NUM
cblr-7157	925	7	(	(	PUNCT
cblr-7157	925	8	2011	2011	NUM
cblr-7157	925	9	)	)	PUNCT
cblr-7157	925	10	.	.	PUNCT
cblr-7157	926	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	926	2	(	(	PUNCT
cblr-7157	926	3	do	do	AUX
cblr-7157	926	4	not	not	PART
cblr-7157	926	5	delete	delete	VERB
cblr-7157	926	6	)	)	PUNCT
cblr-7157	926	7	10/2/2020	10/2/2020	NUM
cblr-7157	926	8	11:44	11:44	NUM
cblr-7157	926	9	am	be	AUX
cblr-7157	926	10	no	no	NOUN
cblr-7157	926	11	.	.	PUNCT
cblr-7157	926	12	1:1	1:1	NUM
cblr-7157	926	13	]	]	X
cblr-7157	926	14	a	a	DET
cblr-7157	926	15	property	property	NOUN
cblr-7157	926	16	theory	theory	NOUN
cblr-7157	926	17	61	61	NUM
cblr-7157	926	18	delaware	delaware	PROPN
cblr-7157	926	19	,	,	PUNCT
cblr-7157	926	20	is	be	AUX
cblr-7157	926	21	“	"	PUNCT
cblr-7157	926	22	primarily	primarily	ADV
cblr-7157	926	23	a	a	DET
cblr-7157	926	24	creature	creature	NOUN
cblr-7157	926	25	of	of	ADP
cblr-7157	926	26	contract	contract	NOUN
cblr-7157	926	27	.	.	PUNCT
cblr-7157	927	1	”209	”209	PUNCT
cblr-7157	928	1	that	that	PRON
cblr-7157	928	2	is	be	AUX
cblr-7157	928	3	,	,	PUNCT
cblr-7157	928	4	delaware	delaware	PROPN
cblr-7157	928	5	’s	’s	PROPN
cblr-7157	928	6	llc	llc	PROPN
cblr-7157	928	7	statute	statute	PROPN
cblr-7157	928	8	expressly	expressly	ADV
cblr-7157	928	9	“	"	PUNCT
cblr-7157	928	10	give[s	give[s	PROPN
cblr-7157	928	11	]	]	PUNCT
cblr-7157	928	12	maximum	maximum	ADJ
cblr-7157	928	13	effect	effect	NOUN
cblr-7157	928	14	to	to	ADP
cblr-7157	928	15	the	the	DET
cblr-7157	928	16	principle	principle	NOUN
cblr-7157	928	17	of	of	ADP
cblr-7157	928	18	freedom	freedom	NOUN
cblr-7157	928	19	of	of	ADP
cblr-7157	928	20	contract	contract	NOUN
cblr-7157	928	21	”	"	PUNCT
cblr-7157	928	22	and	and	CCONJ
cblr-7157	928	23	allows	allow	VERB
cblr-7157	928	24	parties	party	NOUN
cblr-7157	928	25	to	to	PART
cblr-7157	928	26	eliminate	eliminate	VERB
cblr-7157	928	27	all	all	DET
cblr-7157	928	28	fiduciary	fiduciary	ADJ
cblr-7157	928	29	duties.210	duties.210	NOUN
cblr-7157	928	30	still	still	ADV
cblr-7157	928	31	,	,	PUNCT
cblr-7157	928	32	there	there	PRON
cblr-7157	928	33	is	be	VERB
cblr-7157	928	34	a	a	DET
cblr-7157	928	35	residual	residual	ADJ
cblr-7157	928	36	property	property	NOUN
cblr-7157	928	37	interest	interest	NOUN
cblr-7157	928	38	recognized	recognize	VERB
cblr-7157	928	39	even	even	ADV
cblr-7157	928	40	in	in	ADP
cblr-7157	928	41	the	the	DET
cblr-7157	928	42	most	most	ADV
cblr-7157	928	43	contractual	contractual	NOUN
cblr-7157	928	44	of	of	ADP
cblr-7157	928	45	entities	entity	NOUN
cblr-7157	928	46	.	.	PUNCT
cblr-7157	929	1	in	in	ADP
cblr-7157	929	2	other	other	ADJ
cblr-7157	929	3	words	word	NOUN
cblr-7157	929	4	,	,	PUNCT
cblr-7157	929	5	there	there	PRON
cblr-7157	929	6	is	be	VERB
cblr-7157	929	7	a	a	DET
cblr-7157	929	8	spectrum	spectrum	NOUN
cblr-7157	929	9	of	of	ADP
cblr-7157	929	10	“	"	PUNCT
cblr-7157	929	11	propertyness	propertyness	NOUN
cblr-7157	929	12	”	"	PUNCT
cblr-7157	929	13	in	in	ADP
cblr-7157	929	14	business	business	NOUN
cblr-7157	929	15	associations	association	NOUN
cblr-7157	929	16	with	with	ADP
cblr-7157	929	17	public	public	ADJ
cblr-7157	929	18	corporations	corporation	NOUN
cblr-7157	929	19	on	on	ADP
cblr-7157	929	20	one	one	NUM
cblr-7157	929	21	end	end	NOUN
cblr-7157	929	22	and	and	CCONJ
cblr-7157	929	23	llcs	llcs	NOUN
cblr-7157	929	24	and	and	CCONJ
cblr-7157	929	25	general	general	ADJ
cblr-7157	929	26	partnerships	partnership	NOUN
cblr-7157	929	27	near	near	ADP
cblr-7157	929	28	the	the	DET
cblr-7157	929	29	other	other	ADJ
cblr-7157	929	30	end.211	end.211	NOUN
cblr-7157	929	31	on	on	ADP
cblr-7157	929	32	this	this	DET
cblr-7157	929	33	spectrum	spectrum	NOUN
cblr-7157	929	34	,	,	PUNCT
cblr-7157	929	35	an	an	DET
cblr-7157	929	36	interesting	interesting	ADJ
cblr-7157	929	37	pattern	pattern	NOUN
cblr-7157	929	38	is	be	AUX
cblr-7157	929	39	that	that	SCONJ
cblr-7157	929	40	as	as	ADP
cblr-7157	929	41	the	the	DET
cblr-7157	929	42	transferability	transferability	NOUN
cblr-7157	929	43	of	of	ADP
cblr-7157	929	44	shares	share	NOUN
cblr-7157	929	45	increases	increase	NOUN
cblr-7157	929	46	,	,	PUNCT
cblr-7157	929	47	mandatory	mandatory	ADJ
cblr-7157	929	48	rules	rule	NOUN
cblr-7157	929	49	as	as	ADP
cblr-7157	929	50	to	to	ADP
cblr-7157	929	51	fiduciary	fiduciary	ADJ
cblr-7157	929	52	duties	duty	NOUN
cblr-7157	929	53	also	also	ADV
cblr-7157	929	54	tend	tend	VERB
cblr-7157	929	55	to	to	PART
cblr-7157	929	56	increase	increase	VERB
cblr-7157	929	57	.	.	PUNCT
cblr-7157	930	1	first	first	ADV
cblr-7157	930	2	,	,	PUNCT
cblr-7157	930	3	partnerships	partnership	NOUN
cblr-7157	930	4	and	and	CCONJ
cblr-7157	930	5	llcs	llcs	NOUN
cblr-7157	930	6	are	be	AUX
cblr-7157	930	7	the	the	DET
cblr-7157	930	8	least	least	ADJ
cblr-7157	930	9	transferable	transferable	ADJ
cblr-7157	930	10	,	,	PUNCT
cblr-7157	930	11	and	and	CCONJ
cblr-7157	930	12	they	they	PRON
cblr-7157	930	13	have	have	VERB
cblr-7157	930	14	the	the	DET
cblr-7157	930	15	fewest	few	ADJ
cblr-7157	930	16	mandatory	mandatory	ADJ
cblr-7157	930	17	rules	rule	NOUN
cblr-7157	930	18	relating	relate	VERB
cblr-7157	930	19	to	to	ADP
cblr-7157	930	20	fiduciary	fiduciary	ADJ
cblr-7157	930	21	duties.212	duties.212	PROPN
cblr-7157	930	22	close	close	ADJ
cblr-7157	930	23	corporations	corporation	NOUN
cblr-7157	930	24	are	be	AUX
cblr-7157	930	25	in	in	ADP
cblr-7157	930	26	the	the	DET
cblr-7157	930	27	middle	middle	NOUN
cblr-7157	930	28	,	,	PUNCT
cblr-7157	930	29	and	and	CCONJ
cblr-7157	930	30	they	they	PRON
cblr-7157	930	31	have	have	VERB
cblr-7157	930	32	more	more	ADV
cblr-7157	930	33	mandatory	mandatory	ADJ
cblr-7157	930	34	rules.213	rules.213	NOUN
cblr-7157	930	35	publicly	publicly	ADV
cblr-7157	930	36	held	hold	VERB
cblr-7157	930	37	corporations	corporation	NOUN
cblr-7157	930	38	generally	generally	ADV
cblr-7157	930	39	have	have	VERB
cblr-7157	930	40	the	the	DET
cblr-7157	930	41	most	most	ADV
cblr-7157	930	42	mandatory	mandatory	ADJ
cblr-7157	930	43	rules	rule	NOUN
cblr-7157	930	44	,	,	PUNCT
cblr-7157	930	45	and	and	CCONJ
cblr-7157	930	46	are	be	AUX
cblr-7157	930	47	the	the	DET
cblr-7157	930	48	most	most	ADV
cblr-7157	930	49	readily	readily	ADV
cblr-7157	930	50	transferable.214	transferable.214	ADP
cblr-7157	930	51	this	this	DET
cblr-7157	930	52	pattern	pattern	NOUN
cblr-7157	930	53	supports	support	VERB
cblr-7157	930	54	the	the	DET
cblr-7157	930	55	notion	notion	NOUN
cblr-7157	930	56	that	that	SCONJ
cblr-7157	930	57	the	the	DET
cblr-7157	930	58	corporate	corporate	ADJ
cblr-7157	930	59	form	form	NOUN
cblr-7157	930	60	is	be	AUX
cblr-7157	930	61	designed	design	VERB
cblr-7157	930	62	to	to	PART
cblr-7157	930	63	promote	promote	VERB
cblr-7157	930	64	transferability	transferability	NOUN
cblr-7157	930	65	of	of	ADP
cblr-7157	930	66	shares	share	NOUN
cblr-7157	930	67	that	that	PRON
cblr-7157	930	68	would	would	AUX
cblr-7157	930	69	otherwise	otherwise	ADV
cblr-7157	930	70	be	be	AUX
cblr-7157	930	71	infeasible	infeasible	ADJ
cblr-7157	930	72	in	in	ADP
cblr-7157	930	73	contract	contract	NOUN
cblr-7157	930	74	law	law	NOUN
cblr-7157	930	75	.	.	PUNCT
cblr-7157	931	1	however	however	ADV
cblr-7157	931	2	,	,	PUNCT
cblr-7157	931	3	even	even	ADV
cblr-7157	931	4	in	in	ADP
cblr-7157	931	5	delaware	delaware	PROPN
cblr-7157	931	6	,	,	PUNCT
cblr-7157	931	7	and	and	CCONJ
cblr-7157	931	8	even	even	ADV
cblr-7157	931	9	in	in	ADP
cblr-7157	931	10	the	the	DET
cblr-7157	931	11	case	case	NOUN
cblr-7157	931	12	of	of	ADP
cblr-7157	931	13	the	the	DET
cblr-7157	931	14	llc	llc	NOUN
cblr-7157	931	15	,	,	PUNCT
cblr-7157	931	16	there	there	PRON
cblr-7157	931	17	are	be	VERB
cblr-7157	931	18	limits	limit	NOUN
cblr-7157	931	19	to	to	ADP
cblr-7157	931	20	the	the	DET
cblr-7157	931	21	“	"	PUNCT
cblr-7157	931	22	purely	purely	ADV
cblr-7157	931	23	contractarian	contractarian	ADJ
cblr-7157	931	24	”	"	PUNCT
cblr-7157	931	25	perspective.215	perspective.215	VERB
cblr-7157	931	26	indeed	indeed	ADV
cblr-7157	931	27	,	,	PUNCT
cblr-7157	931	28	there	there	PRON
cblr-7157	931	29	is	be	VERB
cblr-7157	931	30	resistance	resistance	NOUN
cblr-7157	931	31	to	to	ADP
cblr-7157	931	32	the	the	DET
cblr-7157	931	33	idea	idea	NOUN
cblr-7157	931	34	that	that	SCONJ
cblr-7157	931	35	partners	partner	NOUN
cblr-7157	931	36	own	own	VERB
cblr-7157	931	37	partnerships	partnership	NOUN
cblr-7157	931	38	or	or	CCONJ
cblr-7157	931	39	partnership	partnership	NOUN
cblr-7157	931	40	assets	asset	NOUN
cblr-7157	931	41	.	.	PUNCT
cblr-7157	932	1	partnership	partnership	NOUN
cblr-7157	932	2	assets	asset	NOUN
cblr-7157	932	3	209	209	NUM
cblr-7157	932	4	in	in	ADP
cblr-7157	932	5	re	re	PROPN
cblr-7157	932	6	seneca	seneca	PROPN
cblr-7157	932	7	invs	invs	PROPN
cblr-7157	932	8	llc	llc	PROPN
cblr-7157	932	9	,	,	PUNCT
cblr-7157	932	10	970	970	NUM
cblr-7157	932	11	a.2d	a.2d	SYM
cblr-7157	932	12	259	259	NUM
cblr-7157	932	13	,	,	PUNCT
cblr-7157	932	14	261	261	NUM
cblr-7157	932	15	(	(	PUNCT
cblr-7157	932	16	del	del	PROPN
cblr-7157	932	17	.	.	PROPN
cblr-7157	932	18	ch	ch	PROPN
cblr-7157	932	19	.	.	PROPN
cblr-7157	932	20	2008	2008	NUM
cblr-7157	932	21	)	)	PUNCT
cblr-7157	932	22	.	.	PUNCT
cblr-7157	933	1	210	210	NUM
cblr-7157	933	2	del	del	PROPN
cblr-7157	933	3	.	.	PROPN
cblr-7157	933	4	code	code	PROPN
cblr-7157	933	5	ann	ann	PROPN
cblr-7157	933	6	.	.	PUNCT
cblr-7157	934	1	tit	tit	PROPN
cblr-7157	934	2	.	.	PROPN
cblr-7157	935	1	6	6	NUM
cblr-7157	935	2	,	,	PUNCT
cblr-7157	935	3	§	§	NOUN
cblr-7157	935	4	17	17	NUM
cblr-7157	935	5	-	-	SYM
cblr-7157	935	6	1101(b)–(c	1101(b)–(c	NUM
cblr-7157	935	7	)	)	PUNCT
cblr-7157	935	8	(	(	PUNCT
cblr-7157	935	9	2019	2019	NUM
cblr-7157	935	10	)	)	PUNCT
cblr-7157	935	11	.	.	PUNCT
cblr-7157	936	1	211	211	NUM
cblr-7157	936	2	partnerships	partnership	NOUN
cblr-7157	936	3	and	and	CCONJ
cblr-7157	936	4	llcs	llcs	NOUN
cblr-7157	936	5	should	should	AUX
cblr-7157	936	6	be	be	AUX
cblr-7157	936	7	characterized	characterize	VERB
cblr-7157	936	8	as	as	ADP
cblr-7157	936	9	“	"	PUNCT
cblr-7157	936	10	near	near	ADP
cblr-7157	936	11	”	"	PUNCT
cblr-7157	936	12	the	the	DET
cblr-7157	936	13	end	end	NOUN
cblr-7157	936	14	because	because	SCONJ
cblr-7157	936	15	it	it	PRON
cblr-7157	936	16	is	be	AUX
cblr-7157	936	17	of	of	ADP
cblr-7157	936	18	course	course	NOUN
cblr-7157	936	19	possible	possible	ADJ
cblr-7157	936	20	to	to	PART
cblr-7157	936	21	organize	organize	VERB
cblr-7157	936	22	a	a	DET
cblr-7157	936	23	business	business	NOUN
cblr-7157	936	24	purely	purely	ADV
cblr-7157	936	25	with	with	ADP
cblr-7157	936	26	contract	contract	NOUN
cblr-7157	936	27	by	by	ADP
cblr-7157	936	28	not	not	PART
cblr-7157	936	29	using	use	VERB
cblr-7157	936	30	an	an	DET
cblr-7157	936	31	entity	entity	NOUN
cblr-7157	936	32	at	at	ADV
cblr-7157	936	33	all	all	ADV
cblr-7157	936	34	.	.	PUNCT
cblr-7157	937	1	212	212	NUM
cblr-7157	937	2	see	see	NOUN
cblr-7157	937	3	wheeler	wheeler	NOUN
cblr-7157	937	4	,	,	PUNCT
cblr-7157	937	5	supra	supra	PROPN
cblr-7157	937	6	note	note	NOUN
cblr-7157	937	7	208	208	NUM
cblr-7157	937	8	,	,	PUNCT
cblr-7157	937	9	at	at	ADP
cblr-7157	937	10	1066–67	1066–67	NUM
cblr-7157	937	11	,	,	PUNCT
cblr-7157	937	12	1069–76	1069–76	NUM
cblr-7157	937	13	.	.	PUNCT
cblr-7157	937	14	213	213	NUM
cblr-7157	937	15	see	see	VERB
cblr-7157	937	16	shannon	shannon	PROPN
cblr-7157	937	17	wells	wells	PROPN
cblr-7157	937	18	stevenson	stevenson	PROPN
cblr-7157	937	19	,	,	PUNCT
cblr-7157	937	20	the	the	DET
cblr-7157	937	21	venture	venture	NOUN
cblr-7157	937	22	capital	capital	NOUN
cblr-7157	937	23	solution	solution	NOUN
cblr-7157	937	24	to	to	ADP
cblr-7157	937	25	the	the	DET
cblr-7157	937	26	problem	problem	NOUN
cblr-7157	937	27	of	of	ADP
cblr-7157	937	28	close	close	ADJ
cblr-7157	937	29	corporation	corporation	NOUN
cblr-7157	937	30	shareholder	shareholder	NOUN
cblr-7157	937	31	fiduciary	fiduciary	ADJ
cblr-7157	937	32	duties	duty	NOUN
cblr-7157	937	33	,	,	PUNCT
cblr-7157	937	34	51	51	NUM
cblr-7157	937	35	duke	duke	PROPN
cblr-7157	937	36	l.j	l.j	PROPN
cblr-7157	937	37	.	.	PROPN
cblr-7157	937	38	1139	1139	NUM
cblr-7157	937	39	,	,	PUNCT
cblr-7157	937	40	1142–44	1142–44	NUM
cblr-7157	937	41	(	(	PUNCT
cblr-7157	937	42	2001	2001	NUM
cblr-7157	937	43	)	)	PUNCT
cblr-7157	937	44	.	.	PUNCT
cblr-7157	938	1	214	214	NUM
cblr-7157	938	2	see	see	VERB
cblr-7157	938	3	wheeler	wheeler	NOUN
cblr-7157	938	4	,	,	PUNCT
cblr-7157	938	5	supra	supra	PROPN
cblr-7157	938	6	note	note	NOUN
cblr-7157	938	7	208	208	NUM
cblr-7157	938	8	,	,	PUNCT
cblr-7157	938	9	at	at	ADP
cblr-7157	938	10	1067–68	1067–68	NUM
cblr-7157	938	11	.	.	PUNCT
cblr-7157	939	1	other	other	ADJ
cblr-7157	939	2	types	type	NOUN
cblr-7157	939	3	of	of	ADP
cblr-7157	939	4	mandatory	mandatory	ADJ
cblr-7157	939	5	rules	rule	NOUN
cblr-7157	939	6	,	,	PUNCT
cblr-7157	939	7	however	however	ADV
cblr-7157	939	8	,	,	PUNCT
cblr-7157	939	9	are	be	AUX
cblr-7157	939	10	sometimes	sometimes	ADV
cblr-7157	939	11	relaxed	relax	VERB
cblr-7157	939	12	in	in	ADP
cblr-7157	939	13	the	the	DET
cblr-7157	939	14	public	public	ADJ
cblr-7157	939	15	company	company	NOUN
cblr-7157	939	16	setting	set	VERB
cblr-7157	939	17	.	.	PUNCT
cblr-7157	940	1	an	an	DET
cblr-7157	940	2	example	example	NOUN
cblr-7157	940	3	is	be	AUX
cblr-7157	940	4	cumulative	cumulative	ADJ
cblr-7157	940	5	voting	voting	NOUN
cblr-7157	940	6	in	in	ADP
cblr-7157	940	7	california	california	PROPN
cblr-7157	940	8	,	,	PUNCT
cblr-7157	940	9	which	which	PRON
cblr-7157	940	10	is	be	AUX
cblr-7157	940	11	required	require	VERB
cblr-7157	940	12	for	for	ADP
cblr-7157	940	13	private	private	ADJ
cblr-7157	940	14	companies	company	NOUN
cblr-7157	940	15	but	but	CCONJ
cblr-7157	940	16	not	not	PART
cblr-7157	940	17	for	for	ADP
cblr-7157	940	18	public	public	ADJ
cblr-7157	940	19	companies	company	NOUN
cblr-7157	940	20	.	.	PUNCT
cblr-7157	941	1	see	see	VERB
cblr-7157	941	2	cal	cal	PROPN
cblr-7157	941	3	.	.	PUNCT
cblr-7157	942	1	corp	corp	PROPN
cblr-7157	942	2	.	.	PROPN
cblr-7157	942	3	code	code	PROPN
cblr-7157	942	4	§	§	PROPN
cblr-7157	942	5	708	708	NUM
cblr-7157	942	6	(	(	PUNCT
cblr-7157	942	7	west	west	NOUN
cblr-7157	942	8	2019	2019	NUM
cblr-7157	942	9	)	)	PUNCT
cblr-7157	942	10	(	(	PUNCT
cblr-7157	942	11	requiring	require	VERB
cblr-7157	942	12	cumulative	cumulative	ADJ
cblr-7157	942	13	voting	voting	NOUN
cblr-7157	942	14	in	in	ADP
cblr-7157	942	15	general	general	ADJ
cblr-7157	942	16	)	)	PUNCT
cblr-7157	942	17	;	;	PUNCT
cblr-7157	942	18	cal	cal	PROPN
cblr-7157	942	19	.	.	PUNCT
cblr-7157	942	20	corp	corp	PROPN
cblr-7157	942	21	.	.	PROPN
cblr-7157	942	22	code	code	PROPN
cblr-7157	942	23	§	§	PROPN
cblr-7157	942	24	301.5	301.5	NUM
cblr-7157	942	25	(	(	PUNCT
cblr-7157	942	26	west	west	NOUN
cblr-7157	942	27	2019	2019	NUM
cblr-7157	942	28	)	)	PUNCT
cblr-7157	942	29	(	(	PUNCT
cblr-7157	942	30	allowing	allow	VERB
cblr-7157	942	31	“	"	PUNCT
cblr-7157	942	32	listed	list	VERB
cblr-7157	942	33	corporations	corporation	NOUN
cblr-7157	942	34	”	"	PUNCT
cblr-7157	942	35	to	to	PART
cblr-7157	942	36	eliminate	eliminate	VERB
cblr-7157	942	37	cumulative	cumulative	ADJ
cblr-7157	942	38	voting	voting	NOUN
cblr-7157	942	39	)	)	PUNCT
cblr-7157	942	40	.	.	PUNCT
cblr-7157	943	1	215	215	NUM
cblr-7157	943	2	see	see	NOUN
cblr-7157	943	3	in	in	ADP
cblr-7157	943	4	re	re	PROPN
cblr-7157	943	5	carlisle	carlisle	PROPN
cblr-7157	943	6	etcetera	etcetera	PROPN
cblr-7157	943	7	llc	llc	PROPN
cblr-7157	943	8	,	,	PUNCT
cblr-7157	943	9	114	114	NUM
cblr-7157	943	10	a.3d	a.3d	SYM
cblr-7157	943	11	592	592	NUM
cblr-7157	943	12	,	,	PUNCT
cblr-7157	943	13	605–06	605–06	NUM
cblr-7157	943	14	(	(	PUNCT
cblr-7157	943	15	del	del	PROPN
cblr-7157	943	16	.	.	PROPN
cblr-7157	943	17	ch	ch	PROPN
cblr-7157	943	18	.	.	PROPN
cblr-7157	943	19	2015	2015	NUM
cblr-7157	943	20	)	)	PUNCT
cblr-7157	943	21	(	(	PUNCT
cblr-7157	943	22	“	"	PUNCT
cblr-7157	943	23	[	[	X
cblr-7157	943	24	t]he	t]he	ADV
cblr-7157	943	25	purely	purely	ADV
cblr-7157	943	26	contractarian	contractarian	ADJ
cblr-7157	943	27	view	view	NOUN
cblr-7157	943	28	discounts	discount	NOUN
cblr-7157	943	29	core	core	NOUN
cblr-7157	943	30	attributes	attribute	NOUN
cblr-7157	943	31	of	of	ADP
cblr-7157	943	32	the	the	DET
cblr-7157	943	33	llc	llc	NOUN
cblr-7157	943	34	that	that	SCONJ
cblr-7157	943	35	only	only	ADV
cblr-7157	943	36	the	the	DET
cblr-7157	943	37	sovereign	sovereign	NOUN
cblr-7157	943	38	can	can	AUX
cblr-7157	943	39	authorize	authorize	VERB
cblr-7157	943	40	,	,	PUNCT
cblr-7157	943	41	such	such	ADJ
cblr-7157	943	42	as	as	ADP
cblr-7157	943	43	its	its	PRON
cblr-7157	943	44	separate	separate	ADJ
cblr-7157	943	45	legal	legal	ADJ
cblr-7157	943	46	existence	existence	NOUN
cblr-7157	943	47	,	,	PUNCT
cblr-7157	943	48	potentially	potentially	ADV
cblr-7157	943	49	perpetual	perpetual	ADJ
cblr-7157	943	50	life	life	NOUN
cblr-7157	943	51	,	,	PUNCT
cblr-7157	943	52	and	and	CCONJ
cblr-7157	943	53	limited	limited	ADJ
cblr-7157	943	54	liability	liability	NOUN
cblr-7157	943	55	for	for	ADP
cblr-7157	943	56	its	its	PRON
cblr-7157	943	57	members	member	NOUN
cblr-7157	943	58	.	.	PUNCT
cblr-7157	943	59	”	"	PUNCT
cblr-7157	943	60	)	)	PUNCT
cblr-7157	943	61	.	.	PUNCT
cblr-7157	944	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	944	2	(	(	PUNCT
cblr-7157	944	3	do	do	AUX
cblr-7157	944	4	not	not	PART
cblr-7157	944	5	delte	delte	VERB
cblr-7157	944	6	)	)	PUNCT
cblr-7157	944	7	10/2/2020	10/2/2020	NUM
cblr-7157	944	8	11:44	11:44	NUM
cblr-7157	944	9	am	be	AUX
cblr-7157	944	10	62	62	NUM
cblr-7157	944	11	columbia	columbia	PROPN
cblr-7157	944	12	business	business	NOUN
cblr-7157	944	13	law	law	PROPN
cblr-7157	944	14	review	review	NOUN
cblr-7157	945	1	[	[	X
cblr-7157	945	2	vol	vol	NOUN
cblr-7157	945	3	.	.	PUNCT
cblr-7157	945	4	2020	2020	NUM
cblr-7157	945	5	were	be	AUX
cblr-7157	945	6	formerly	formerly	ADV
cblr-7157	945	7	held	hold	VERB
cblr-7157	945	8	by	by	ADP
cblr-7157	945	9	partners	partner	NOUN
cblr-7157	945	10	directly	directly	ADV
cblr-7157	945	11	under	under	ADP
cblr-7157	945	12	the	the	DET
cblr-7157	945	13	uniform	uniform	PROPN
cblr-7157	945	14	partnership	partnership	PROPN
cblr-7157	945	15	act	act	PROPN
cblr-7157	945	16	as	as	ADP
cblr-7157	945	17	a	a	DET
cblr-7157	945	18	“	"	PUNCT
cblr-7157	945	19	tenancy	tenancy	NOUN
cblr-7157	945	20	in	in	ADP
cblr-7157	945	21	partnership	partnership	NOUN
cblr-7157	945	22	.	.	PUNCT
cblr-7157	946	1	”216	”216	PROPN
cblr-7157	947	1	however	however	ADV
cblr-7157	947	2	,	,	PUNCT
cblr-7157	947	3	even	even	ADV
cblr-7157	947	4	under	under	ADP
cblr-7157	947	5	that	that	DET
cblr-7157	947	6	older	old	ADJ
cblr-7157	947	7	“	"	PUNCT
cblr-7157	947	8	aggregate	aggregate	ADJ
cblr-7157	947	9	”	"	PUNCT
cblr-7157	947	10	view	view	NOUN
cblr-7157	947	11	of	of	ADP
cblr-7157	947	12	the	the	DET
cblr-7157	947	13	partnership	partnership	NOUN
cblr-7157	947	14	,	,	PUNCT
cblr-7157	947	15	partners	partner	NOUN
cblr-7157	947	16	did	do	AUX
cblr-7157	947	17	not	not	PART
cblr-7157	947	18	retain	retain	VERB
cblr-7157	947	19	the	the	DET
cblr-7157	947	20	rights	right	NOUN
cblr-7157	947	21	generally	generally	ADV
cblr-7157	947	22	associated	associate	VERB
cblr-7157	947	23	with	with	ADP
cblr-7157	947	24	being	be	AUX
cblr-7157	947	25	tenants	tenant	NOUN
cblr-7157	947	26	in	in	ADP
cblr-7157	947	27	common	common	ADJ
cblr-7157	947	28	,	,	PUNCT
cblr-7157	947	29	being	be	AUX
cblr-7157	947	30	limited	limit	VERB
cblr-7157	947	31	by	by	ADP
cblr-7157	947	32	their	their	PRON
cblr-7157	947	33	equitable	equitable	ADJ
cblr-7157	947	34	ownership.217	ownership.217	NOUN
cblr-7157	947	35	thus	thus	ADV
cblr-7157	947	36	,	,	PUNCT
cblr-7157	947	37	even	even	ADV
cblr-7157	947	38	in	in	ADP
cblr-7157	947	39	the	the	DET
cblr-7157	947	40	most	most	ADV
cblr-7157	947	41	highly	highly	ADV
cblr-7157	947	42	contractual	contractual	ADJ
cblr-7157	947	43	setting	setting	NOUN
cblr-7157	947	44	,	,	PUNCT
cblr-7157	947	45	there	there	PRON
cblr-7157	947	46	is	be	VERB
cblr-7157	947	47	a	a	DET
cblr-7157	947	48	property	property	NOUN
cblr-7157	947	49	residue	residue	NOUN
cblr-7157	947	50	,	,	PUNCT
cblr-7157	947	51	and	and	CCONJ
cblr-7157	947	52	this	this	DET
cblr-7157	947	53	property	property	NOUN
cblr-7157	947	54	residue	residue	NOUN
cblr-7157	947	55	is	be	AUX
cblr-7157	947	56	directly	directly	ADV
cblr-7157	947	57	related	relate	VERB
cblr-7157	947	58	to	to	ADP
cblr-7157	947	59	the	the	DET
cblr-7157	947	60	transferability	transferability	NOUN
cblr-7157	947	61	of	of	ADP
cblr-7157	947	62	the	the	DET
cblr-7157	947	63	interest	interest	NOUN
cblr-7157	947	64	at	at	ADP
cblr-7157	947	65	issue	issue	NOUN
cblr-7157	947	66	.	.	PUNCT
cblr-7157	948	1	all	all	PRON
cblr-7157	948	2	of	of	ADP
cblr-7157	948	3	the	the	DET
cblr-7157	948	4	features	feature	NOUN
cblr-7157	948	5	identified	identify	VERB
cblr-7157	948	6	in	in	ADP
cblr-7157	948	7	this	this	DET
cblr-7157	948	8	section	section	NOUN
cblr-7157	948	9	,	,	PUNCT
cblr-7157	948	10	such	such	ADJ
cblr-7157	948	11	as	as	ADP
cblr-7157	948	12	the	the	DET
cblr-7157	948	13	presence	presence	NOUN
cblr-7157	948	14	of	of	ADP
cblr-7157	948	15	fiduciary	fiduciary	ADJ
cblr-7157	948	16	duties	duty	NOUN
cblr-7157	948	17	and	and	CCONJ
cblr-7157	948	18	transferability	transferability	NOUN
cblr-7157	948	19	free	free	ADJ
cblr-7157	948	20	from	from	ADP
cblr-7157	948	21	in	in	ADP
cblr-7157	948	22	personam	personam	NOUN
cblr-7157	948	23	entanglements	entanglement	NOUN
cblr-7157	948	24	have	have	VERB
cblr-7157	948	25	a	a	DET
cblr-7157	948	26	few	few	ADJ
cblr-7157	948	27	things	thing	NOUN
cblr-7157	948	28	in	in	ADP
cblr-7157	948	29	common	common	ADJ
cblr-7157	948	30	.	.	PUNCT
cblr-7157	949	1	first	first	ADV
cblr-7157	949	2	,	,	PUNCT
cblr-7157	949	3	they	they	PRON
cblr-7157	949	4	could	could	AUX
cblr-7157	949	5	not	not	PART
cblr-7157	949	6	be	be	AUX
cblr-7157	949	7	replicated	replicate	VERB
cblr-7157	949	8	by	by	ADP
cblr-7157	949	9	contract	contract	NOUN
cblr-7157	949	10	without	without	ADP
cblr-7157	949	11	prohibitive	prohibitive	ADJ
cblr-7157	949	12	transaction	transaction	NOUN
cblr-7157	949	13	costs	cost	NOUN
cblr-7157	949	14	.	.	PUNCT
cblr-7157	950	1	second	second	ADJ
cblr-7157	950	2	,	,	PUNCT
cblr-7157	950	3	and	and	CCONJ
cblr-7157	950	4	relatedly	relatedly	ADV
cblr-7157	950	5	,	,	PUNCT
cblr-7157	950	6	they	they	PRON
cblr-7157	950	7	are	be	AUX
cblr-7157	950	8	themselves	themselves	PRON
cblr-7157	950	9	in	in	ADP
cblr-7157	950	10	rem	rem	NOUN
cblr-7157	950	11	rights	right	NOUN
cblr-7157	950	12	that	that	PRON
cblr-7157	950	13	attach	attach	VERB
cblr-7157	950	14	automatically	automatically	ADV
cblr-7157	950	15	to	to	ADP
cblr-7157	950	16	shares	share	NOUN
cblr-7157	950	17	and	and	CCONJ
cblr-7157	950	18	follow	follow	VERB
cblr-7157	950	19	the	the	DET
cblr-7157	950	20	ownership	ownership	NOUN
cblr-7157	950	21	of	of	ADP
cblr-7157	950	22	shares	share	NOUN
cblr-7157	950	23	.	.	PUNCT
cblr-7157	951	1	third	third	ADJ
cblr-7157	951	2	,	,	PUNCT
cblr-7157	951	3	they	they	PRON
cblr-7157	951	4	are	be	AUX
cblr-7157	951	5	mandatory	mandatory	ADJ
cblr-7157	951	6	terms	term	NOUN
cblr-7157	951	7	of	of	ADP
cblr-7157	951	8	corporate	corporate	ADJ
cblr-7157	951	9	law	law	NOUN
cblr-7157	951	10	that	that	PRON
cblr-7157	951	11	attach	attach	VERB
cblr-7157	951	12	automatically	automatically	ADV
cblr-7157	951	13	to	to	ADP
cblr-7157	951	14	common	common	ADJ
cblr-7157	951	15	shareholders	shareholder	NOUN
cblr-7157	951	16	’	'	PUNCT
cblr-7157	951	17	interests	interest	NOUN
cblr-7157	951	18	without	without	ADP
cblr-7157	951	19	explicit	explicit	ADJ
cblr-7157	951	20	agreement	agreement	NOUN
cblr-7157	951	21	.	.	PUNCT
cblr-7157	952	1	these	these	DET
cblr-7157	952	2	commonalities	commonality	NOUN
cblr-7157	952	3	are	be	AUX
cblr-7157	952	4	all	all	PRON
cblr-7157	952	5	property	property	NOUN
cblr-7157	952	6	-	-	PUNCT
cblr-7157	952	7	like	like	ADJ
cblr-7157	952	8	aspects	aspect	NOUN
cblr-7157	952	9	of	of	ADP
cblr-7157	952	10	these	these	DET
cblr-7157	952	11	rights	right	NOUN
cblr-7157	952	12	of	of	ADP
cblr-7157	952	13	common	common	ADJ
cblr-7157	952	14	shareholders	shareholder	NOUN
cblr-7157	952	15	.	.	PUNCT
cblr-7157	953	1	the	the	DET
cblr-7157	953	2	breadth	breadth	NOUN
cblr-7157	953	3	of	of	ADP
cblr-7157	953	4	the	the	DET
cblr-7157	953	5	property	property	NOUN
cblr-7157	953	6	rights	right	NOUN
cblr-7157	953	7	of	of	ADP
cblr-7157	953	8	the	the	DET
cblr-7157	953	9	corporation	corporation	NOUN
cblr-7157	953	10	,	,	PUNCT
cblr-7157	953	11	therefore	therefore	ADV
cblr-7157	953	12	,	,	PUNCT
cblr-7157	953	13	extend	extend	VERB
cblr-7157	953	14	to	to	ADP
cblr-7157	953	15	the	the	DET
cblr-7157	953	16	default	default	NOUN
cblr-7157	953	17	corporate	corporate	ADJ
cblr-7157	953	18	law	law	NOUN
cblr-7157	953	19	rules	rule	VERB
cblr-7157	953	20	applicable	applicable	ADJ
cblr-7157	953	21	to	to	ADP
cblr-7157	953	22	the	the	DET
cblr-7157	953	23	residual	residual	ADJ
cblr-7157	953	24	voting	voting	NOUN
cblr-7157	953	25	interest	interest	NOUN
cblr-7157	953	26	of	of	ADP
cblr-7157	953	27	the	the	DET
cblr-7157	953	28	corporation	corporation	NOUN
cblr-7157	953	29	(	(	PUNCT
cblr-7157	953	30	typically	typically	ADV
cblr-7157	953	31	common	common	ADJ
cblr-7157	953	32	stock	stock	NOUN
cblr-7157	953	33	)	)	PUNCT
cblr-7157	953	34	.	.	PUNCT
cblr-7157	954	1	customized	customize	VERB
cblr-7157	954	2	rules	rule	NOUN
cblr-7157	954	3	,	,	PUNCT
cblr-7157	954	4	such	such	ADJ
cblr-7157	954	5	as	as	ADP
cblr-7157	954	6	charter	charter	NOUN
cblr-7157	954	7	or	or	CCONJ
cblr-7157	954	8	bylaw	bylaw	NOUN
cblr-7157	954	9	provisions	provision	NOUN
cblr-7157	954	10	that	that	PRON
cblr-7157	954	11	deviate	deviate	VERB
cblr-7157	954	12	from	from	ADP
cblr-7157	954	13	the	the	DET
cblr-7157	954	14	relevant	relevant	ADJ
cblr-7157	954	15	default	default	NOUN
cblr-7157	954	16	rules	rule	NOUN
cblr-7157	954	17	(	(	PUNCT
cblr-7157	954	18	to	to	ADP
cblr-7157	954	19	the	the	DET
cblr-7157	954	20	extent	extent	NOUN
cblr-7157	954	21	such	such	ADJ
cblr-7157	954	22	deviations	deviation	NOUN
cblr-7157	954	23	are	be	AUX
cblr-7157	954	24	permitted	permit	VERB
cblr-7157	954	25	)	)	PUNCT
cblr-7157	954	26	,	,	PUNCT
cblr-7157	954	27	have	have	VERB
cblr-7157	954	28	the	the	DET
cblr-7157	954	29	attributes	attribute	NOUN
cblr-7157	954	30	of	of	ADP
cblr-7157	954	31	contract	contract	NOUN
cblr-7157	954	32	rights	right	NOUN
cblr-7157	954	33	.	.	PUNCT
cblr-7157	955	1	this	this	DET
cblr-7157	955	2	tentative	tentative	ADJ
cblr-7157	955	3	borderline	borderline	NOUN
cblr-7157	955	4	between	between	ADP
cblr-7157	955	5	default	default	NOUN
cblr-7157	955	6	rules	rule	NOUN
cblr-7157	955	7	as	as	SCONJ
cblr-7157	955	8	property	property	NOUN
cblr-7157	955	9	will	will	AUX
cblr-7157	955	10	be	be	AUX
cblr-7157	955	11	explored	explore	VERB
cblr-7157	955	12	further	far	ADV
cblr-7157	955	13	below	below	ADV
cblr-7157	955	14	.	.	PUNCT
cblr-7157	956	1	2	2	X
cblr-7157	956	2	.	.	X
cblr-7157	956	3	the	the	DET
cblr-7157	956	4	depth	depth	NOUN
cblr-7157	956	5	of	of	ADP
cblr-7157	956	6	property	property	NOUN
cblr-7157	956	7	rights	right	NOUN
cblr-7157	956	8	the	the	PRON
cblr-7157	956	9	in	in	ADP
cblr-7157	956	10	rem	rem	NOUN
cblr-7157	956	11	theory	theory	NOUN
cblr-7157	956	12	outlined	outline	VERB
cblr-7157	956	13	in	in	ADP
cblr-7157	956	14	the	the	DET
cblr-7157	956	15	previous	previous	ADJ
cblr-7157	956	16	section	section	NOUN
cblr-7157	956	17	draws	draw	VERB
cblr-7157	956	18	tentative	tentative	ADJ
cblr-7157	956	19	lines	line	NOUN
cblr-7157	956	20	around	around	ADP
cblr-7157	956	21	which	which	PRON
cblr-7157	956	22	interests	interest	NOUN
cblr-7157	956	23	in	in	ADP
cblr-7157	956	24	the	the	DET
cblr-7157	956	25	corporation	corporation	NOUN
cblr-7157	956	26	sound	sound	VERB
cblr-7157	956	27	in	in	ADP
cblr-7157	956	28	property	property	NOUN
cblr-7157	956	29	and	and	CCONJ
cblr-7157	956	30	which	which	PRON
cblr-7157	956	31	in	in	ADP
cblr-7157	956	32	contract	contract	NOUN
cblr-7157	956	33	.	.	PUNCT
cblr-7157	957	1	this	this	DET
cblr-7157	957	2	section	section	NOUN
cblr-7157	957	3	addresses	address	VERB
cblr-7157	957	4	the	the	DET
cblr-7157	957	5	depth	depth	NOUN
cblr-7157	957	6	of	of	ADP
cblr-7157	957	7	those	those	DET
cblr-7157	957	8	property	property	NOUN
cblr-7157	957	9	rights	right	NOUN
cblr-7157	957	10	—	—	PUNCT
cblr-7157	957	11	in	in	ADP
cblr-7157	957	12	other	other	ADJ
cblr-7157	957	13	words	word	NOUN
cblr-7157	957	14	,	,	PUNCT
cblr-7157	957	15	what	what	PRON
cblr-7157	957	16	are	be	AUX
cblr-7157	957	17	they	they	PRON
cblr-7157	957	18	property	property	NOUN
cblr-7157	957	19	rights	right	NOUN
cblr-7157	957	20	in	in	ADP
cblr-7157	957	21	?	?	PUNCT
cblr-7157	958	1	as	as	SCONJ
cblr-7157	958	2	explained	explain	VERB
cblr-7157	958	3	above	above	ADV
cblr-7157	958	4	,	,	PUNCT
cblr-7157	958	5	216	216	NUM
cblr-7157	958	6	see	see	VERB
cblr-7157	958	7	unif	unif	ADJ
cblr-7157	958	8	.	.	PUNCT
cblr-7157	959	1	p’ship	p’ship	NOUN
cblr-7157	959	2	act	act	NOUN
cblr-7157	959	3	§	§	PROPN
cblr-7157	959	4	25	25	NUM
cblr-7157	959	5	(	(	PUNCT
cblr-7157	959	6	unif	unif	ADJ
cblr-7157	959	7	.	.	PUNCT
cblr-7157	960	1	law	law	NOUN
cblr-7157	960	2	comm’n	comm’n	NOUN
cblr-7157	960	3	1914	1914	NUM
cblr-7157	960	4	)	)	PUNCT
cblr-7157	960	5	.	.	PUNCT
cblr-7157	961	1	217	217	NUM
cblr-7157	961	2	see	see	VERB
cblr-7157	961	3	generally	generally	ADV
cblr-7157	961	4	ricks	rick	NOUN
cblr-7157	961	5	,	,	PUNCT
cblr-7157	961	6	supra	supra	PROPN
cblr-7157	961	7	note	note	PROPN
cblr-7157	961	8	201	201	NUM
cblr-7157	961	9	,	,	PUNCT
cblr-7157	961	10	at	at	ADP
cblr-7157	961	11	1327–42	1327–42	PROPN
cblr-7157	961	12	(	(	PUNCT
cblr-7157	961	13	describing	describe	VERB
cblr-7157	961	14	the	the	DET
cblr-7157	961	15	“	"	PUNCT
cblr-7157	961	16	disgorgement	disgorgement	NOUN
cblr-7157	961	17	feature	feature	NOUN
cblr-7157	961	18	,	,	PUNCT
cblr-7157	961	19	”	"	PUNCT
cblr-7157	961	20	“	"	PUNCT
cblr-7157	961	21	the	the	DET
cblr-7157	961	22	in	in	ADP
cblr-7157	961	23	rem	rem	NOUN
cblr-7157	961	24	feature	feature	NOUN
cblr-7157	961	25	,	,	PUNCT
cblr-7157	961	26	”	"	PUNCT
cblr-7157	961	27	and	and	CCONJ
cblr-7157	961	28	the	the	DET
cblr-7157	961	29	“	"	PUNCT
cblr-7157	961	30	title	title	NOUN
cblr-7157	961	31	consolidation	consolidation	NOUN
cblr-7157	961	32	feature	feature	NOUN
cblr-7157	961	33	”	"	PUNCT
cblr-7157	961	34	as	as	ADP
cblr-7157	961	35	partnership	partnership	NOUN
cblr-7157	961	36	limitations	limitation	NOUN
cblr-7157	961	37	on	on	ADP
cblr-7157	961	38	the	the	DET
cblr-7157	961	39	normal	normal	ADJ
cblr-7157	961	40	incidents	incident	NOUN
cblr-7157	961	41	of	of	ADP
cblr-7157	961	42	ownership	ownership	NOUN
cblr-7157	961	43	as	as	ADP
cblr-7157	961	44	cotenants	cotenant	NOUN
cblr-7157	961	45	)	)	PUNCT
cblr-7157	961	46	.	.	PUNCT
cblr-7157	962	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	962	2	(	(	PUNCT
cblr-7157	962	3	do	do	AUX
cblr-7157	962	4	not	not	PART
cblr-7157	962	5	delete	delete	VERB
cblr-7157	962	6	)	)	PUNCT
cblr-7157	962	7	10/2/2020	10/2/2020	NUM
cblr-7157	962	8	11:44	11:44	NUM
cblr-7157	962	9	am	be	AUX
cblr-7157	962	10	no	no	NOUN
cblr-7157	962	11	.	.	PUNCT
cblr-7157	962	12	1:1	1:1	NUM
cblr-7157	962	13	]	]	X
cblr-7157	962	14	a	a	DET
cblr-7157	962	15	property	property	NOUN
cblr-7157	962	16	theory	theory	NOUN
cblr-7157	962	17	63	63	NUM
cblr-7157	962	18	shareholders	shareholder	NOUN
cblr-7157	962	19	do	do	AUX
cblr-7157	962	20	not	not	PART
cblr-7157	962	21	hold	hold	VERB
cblr-7157	962	22	the	the	DET
cblr-7157	962	23	same	same	ADJ
cblr-7157	962	24	type	type	NOUN
cblr-7157	962	25	of	of	ADP
cblr-7157	962	26	property	property	NOUN
cblr-7157	962	27	interests	interest	NOUN
cblr-7157	962	28	in	in	ADP
cblr-7157	962	29	corporate	corporate	ADJ
cblr-7157	962	30	assets	asset	NOUN
cblr-7157	962	31	as	as	ADP
cblr-7157	962	32	a	a	DET
cblr-7157	962	33	fee	fee	NOUN
cblr-7157	962	34	simple	simple	ADJ
cblr-7157	962	35	owner	owner	NOUN
cblr-7157	962	36	in	in	ADP
cblr-7157	962	37	the	the	DET
cblr-7157	962	38	blackstonian	blackstonian	ADJ
cblr-7157	962	39	sense,218	sense,218	NOUN
cblr-7157	962	40	or	or	CCONJ
cblr-7157	962	41	even	even	ADV
cblr-7157	962	42	the	the	DET
cblr-7157	962	43	shared	share	VERB
cblr-7157	962	44	rights	right	NOUN
cblr-7157	962	45	of	of	ADP
cblr-7157	962	46	a	a	DET
cblr-7157	962	47	tenant	tenant	NOUN
cblr-7157	962	48	in	in	ADP
cblr-7157	962	49	common	common	ADJ
cblr-7157	962	50	.	.	PUNCT
cblr-7157	963	1	so	so	ADV
cblr-7157	963	2	,	,	PUNCT
cblr-7157	963	3	shareholders	shareholder	NOUN
cblr-7157	963	4	hold	hold	VERB
cblr-7157	963	5	something	something	PRON
cblr-7157	963	6	different	different	ADJ
cblr-7157	963	7	,	,	PUNCT
cblr-7157	963	8	something	something	PRON
cblr-7157	963	9	shallower	shallow	ADJ
cblr-7157	963	10	than	than	ADP
cblr-7157	963	11	traditional	traditional	ADJ
cblr-7157	963	12	ownership	ownership	NOUN
cblr-7157	963	13	in	in	ADP
cblr-7157	963	14	property	property	NOUN
cblr-7157	963	15	.	.	PUNCT
cblr-7157	964	1	the	the	DET
cblr-7157	964	2	notion	notion	NOUN
cblr-7157	964	3	that	that	SCONJ
cblr-7157	964	4	the	the	DET
cblr-7157	964	5	corporation	corporation	NOUN
cblr-7157	964	6	is	be	AUX
cblr-7157	964	7	a	a	DET
cblr-7157	964	8	way	way	NOUN
cblr-7157	964	9	of	of	ADP
cblr-7157	964	10	owning	own	VERB
cblr-7157	964	11	assets	asset	NOUN
cblr-7157	964	12	bumps	bump	NOUN
cblr-7157	964	13	immediately	immediately	ADV
cblr-7157	964	14	into	into	ADP
cblr-7157	964	15	the	the	DET
cblr-7157	964	16	black	black	ADJ
cblr-7157	964	17	letter	letter	NOUN
cblr-7157	964	18	law	law	NOUN
cblr-7157	964	19	that	that	PRON
cblr-7157	964	20	the	the	DET
cblr-7157	964	21	corporation	corporation	NOUN
cblr-7157	964	22	,	,	PUNCT
cblr-7157	964	23	and	and	CCONJ
cblr-7157	964	24	not	not	PART
cblr-7157	964	25	the	the	DET
cblr-7157	964	26	shareholders	shareholder	NOUN
cblr-7157	964	27	,	,	PUNCT
cblr-7157	964	28	is	be	AUX
cblr-7157	964	29	the	the	DET
cblr-7157	964	30	legal	legal	ADJ
cblr-7157	964	31	owner	owner	NOUN
cblr-7157	964	32	of	of	ADP
cblr-7157	964	33	corporate	corporate	ADJ
cblr-7157	964	34	assets.219	assets.219	NOUN
cblr-7157	964	35	even	even	ADV
cblr-7157	964	36	the	the	DET
cblr-7157	964	37	proponents	proponent	NOUN
cblr-7157	964	38	of	of	ADP
cblr-7157	964	39	shareholder	shareholder	NOUN
cblr-7157	964	40	ownership	ownership	NOUN
cblr-7157	964	41	often	often	ADV
cblr-7157	964	42	make	make	VERB
cblr-7157	964	43	the	the	DET
cblr-7157	964	44	distinction	distinction	NOUN
cblr-7157	964	45	between	between	ADP
cblr-7157	964	46	owning	own	VERB
cblr-7157	964	47	the	the	DET
cblr-7157	964	48	corporation	corporation	NOUN
cblr-7157	964	49	and	and	CCONJ
cblr-7157	964	50	owning	own	VERB
cblr-7157	964	51	its	its	PRON
cblr-7157	964	52	assets.220	assets.220	NOUN
cblr-7157	964	53	this	this	PRON
cblr-7157	964	54	,	,	PUNCT
cblr-7157	964	55	however	however	ADV
cblr-7157	964	56	,	,	PUNCT
cblr-7157	964	57	relates	relate	VERB
cblr-7157	964	58	to	to	ADP
cblr-7157	964	59	the	the	DET
cblr-7157	964	60	legal	legal	ADJ
cblr-7157	964	61	ownership	ownership	NOUN
cblr-7157	964	62	of	of	ADP
cblr-7157	964	63	those	those	DET
cblr-7157	964	64	assets	asset	NOUN
cblr-7157	964	65	,	,	PUNCT
cblr-7157	964	66	which	which	PRON
cblr-7157	964	67	does	do	AUX
cblr-7157	964	68	not	not	PART
cblr-7157	964	69	address	address	VERB
cblr-7157	964	70	the	the	DET
cblr-7157	964	71	equitable	equitable	ADJ
cblr-7157	964	72	interests	interest	NOUN
cblr-7157	964	73	in	in	ADP
cblr-7157	964	74	them	they	PRON
cblr-7157	964	75	.	.	PUNCT
cblr-7157	965	1	indeed	indeed	ADV
cblr-7157	965	2	,	,	PUNCT
cblr-7157	965	3	the	the	DET
cblr-7157	965	4	notion	notion	NOUN
cblr-7157	965	5	that	that	SCONJ
cblr-7157	965	6	shareholders	shareholder	NOUN
cblr-7157	965	7	hold	hold	VERB
cblr-7157	965	8	an	an	DET
cblr-7157	965	9	equitable	equitable	ADJ
cblr-7157	965	10	ownership	ownership	NOUN
cblr-7157	965	11	interest	interest	NOUN
cblr-7157	965	12	in	in	ADP
cblr-7157	965	13	the	the	DET
cblr-7157	965	14	corporation	corporation	NOUN
cblr-7157	965	15	’s	’s	PART
cblr-7157	965	16	assets	asset	NOUN
cblr-7157	965	17	and	and	CCONJ
cblr-7157	965	18	that	that	SCONJ
cblr-7157	965	19	that	that	DET
cblr-7157	965	20	ownership	ownership	NOUN
cblr-7157	965	21	interest	interest	NOUN
cblr-7157	965	22	is	be	AUX
cblr-7157	965	23	the	the	DET
cblr-7157	965	24	reason	reason	NOUN
cblr-7157	965	25	for	for	ADP
cblr-7157	965	26	the	the	DET
cblr-7157	965	27	existence	existence	NOUN
cblr-7157	965	28	of	of	ADP
cblr-7157	965	29	fiduciary	fiduciary	ADJ
cblr-7157	965	30	duties	duty	NOUN
cblr-7157	965	31	has	have	AUX
cblr-7157	965	32	percolated	percolate	VERB
cblr-7157	965	33	through	through	ADP
cblr-7157	965	34	delaware	delaware	PROPN
cblr-7157	965	35	and	and	CCONJ
cblr-7157	965	36	other	other	ADJ
cblr-7157	965	37	courts	court	NOUN
cblr-7157	965	38	for	for	ADP
cblr-7157	965	39	a	a	DET
cblr-7157	965	40	century.221	century.221	NOUN
cblr-7157	965	41	the	the	DET
cblr-7157	965	42	fact	fact	NOUN
cblr-7157	965	43	that	that	SCONJ
cblr-7157	965	44	corporate	corporate	ADJ
cblr-7157	965	45	shareholding	shareholding	NOUN
cblr-7157	965	46	reflects	reflect	VERB
cblr-7157	965	47	an	an	DET
cblr-7157	965	48	equitable	equitable	ADJ
cblr-7157	965	49	interest	interest	NOUN
cblr-7157	965	50	in	in	ADP
cblr-7157	965	51	corporate	corporate	ADJ
cblr-7157	965	52	assets	asset	NOUN
cblr-7157	965	53	is	be	AUX
cblr-7157	965	54	further	far	ADV
cblr-7157	965	55	reflected	reflect	VERB
cblr-7157	965	56	in	in	ADP
cblr-7157	965	57	the	the	DET
cblr-7157	965	58	role	role	NOUN
cblr-7157	965	59	of	of	ADP
cblr-7157	965	60	the	the	DET
cblr-7157	965	61	chancery	chancery	NOUN
cblr-7157	965	62	court	court	NOUN
cblr-7157	965	63	—	—	PUNCT
cblr-7157	965	64	an	an	DET
cblr-7157	965	65	equity	equity	NOUN
cblr-7157	965	66	court	court	NOUN
cblr-7157	965	67	—	—	PUNCT
cblr-7157	965	68	as	as	ADP
cblr-7157	965	69	the	the	DET
cblr-7157	965	70	corporate	corporate	ADJ
cblr-7157	965	71	law	law	NOUN
cblr-7157	965	72	court	court	NOUN
cblr-7157	965	73	.	.	PUNCT
cblr-7157	966	1	thus	thus	ADV
cblr-7157	966	2	,	,	PUNCT
cblr-7157	966	3	the	the	DET
cblr-7157	966	4	corporation	corporation	NOUN
cblr-7157	966	5	has	have	VERB
cblr-7157	966	6	legal	legal	ADJ
cblr-7157	966	7	ownership	ownership	NOUN
cblr-7157	966	8	of	of	ADP
cblr-7157	966	9	its	its	PRON
cblr-7157	966	10	assets	asset	NOUN
cblr-7157	966	11	,	,	PUNCT
cblr-7157	966	12	and	and	CCONJ
cblr-7157	966	13	shareholders	shareholder	NOUN
cblr-7157	966	14	do	do	AUX
cblr-7157	966	15	not	not	PART
cblr-7157	966	16	have	have	VERB
cblr-7157	966	17	fee	fee	NOUN
cblr-7157	966	18	simple	simple	ADJ
cblr-7157	966	19	interests	interest	NOUN
cblr-7157	966	20	in	in	ADP
cblr-7157	966	21	the	the	DET
cblr-7157	966	22	corporation	corporation	NOUN
cblr-7157	966	23	’s	’s	PART
cblr-7157	966	24	assets	asset	NOUN
cblr-7157	966	25	as	as	ADP
cblr-7157	966	26	tenants	tenant	NOUN
cblr-7157	966	27	in	in	ADP
cblr-7157	966	28	common	common	ADJ
cblr-7157	966	29	.	.	PUNCT
cblr-7157	967	1	although	although	SCONJ
cblr-7157	967	2	there	there	PRON
cblr-7157	967	3	are	be	VERB
cblr-7157	967	4	similarities	similarity	NOUN
cblr-7157	967	5	between	between	ADP
cblr-7157	967	6	corporate	corporate	ADJ
cblr-7157	967	7	ownership	ownership	NOUN
cblr-7157	967	8	and	and	CCONJ
cblr-7157	967	9	tenancies	tenancy	NOUN
cblr-7157	967	10	in	in	ADP
cblr-7157	967	11	common,222	common,222	NOUN
cblr-7157	967	12	the	the	DET
cblr-7157	967	13	property	property	NOUN
cblr-7157	967	14	interests	interest	NOUN
cblr-7157	967	15	in	in	ADP
cblr-7157	967	16	the	the	DET
cblr-7157	967	17	corporation	corporation	NOUN
cblr-7157	967	18	’s	’s	PART
cblr-7157	967	19	assets	asset	NOUN
cblr-7157	967	20	are	be	AUX
cblr-7157	967	21	218	218	NUM
cblr-7157	967	22	blackstone	blackstone	NOUN
cblr-7157	967	23	,	,	PUNCT
cblr-7157	967	24	supra	supra	PROPN
cblr-7157	967	25	note	note	PROPN
cblr-7157	967	26	104	104	NUM
cblr-7157	967	27	,	,	PUNCT
cblr-7157	967	28	at	at	ADP
cblr-7157	967	29	2	2	NUM
cblr-7157	967	30	.	.	NUM
cblr-7157	967	31	219	219	NUM
cblr-7157	967	32	see	see	NOUN
cblr-7157	967	33	,	,	PUNCT
cblr-7157	967	34	e.g.	e.g.	ADV
cblr-7157	967	35	,	,	PUNCT
cblr-7157	967	36	purcel	purcel	NOUN
cblr-7157	967	37	v.	v.	ADP
cblr-7157	967	38	wells	wells	PROPN
cblr-7157	967	39	,	,	PUNCT
cblr-7157	967	40	236	236	NUM
cblr-7157	967	41	f.2d	f.2d	SYM
cblr-7157	967	42	469	469	NUM
cblr-7157	967	43	,	,	PUNCT
cblr-7157	967	44	472	472	NUM
cblr-7157	967	45	(	(	PUNCT
cblr-7157	967	46	10th	10th	ADJ
cblr-7157	967	47	cir	cir	NOUN
cblr-7157	967	48	.	.	PROPN
cblr-7157	967	49	1956	1956	NUM
cblr-7157	967	50	)	)	PUNCT
cblr-7157	967	51	(	(	PUNCT
cblr-7157	967	52	“	"	PUNCT
cblr-7157	967	53	the	the	DET
cblr-7157	967	54	corporation	corporation	NOUN
cblr-7157	967	55	and	and	CCONJ
cblr-7157	967	56	not	not	PART
cblr-7157	967	57	the	the	DET
cblr-7157	967	58	stockholders	stockholder	NOUN
cblr-7157	967	59	is	be	AUX
cblr-7157	967	60	the	the	DET
cblr-7157	967	61	legal	legal	ADJ
cblr-7157	967	62	owner	owner	NOUN
cblr-7157	967	63	of	of	ADP
cblr-7157	967	64	its	its	PRON
cblr-7157	967	65	property	property	NOUN
cblr-7157	967	66	.	.	PUNCT
cblr-7157	967	67	”	"	PUNCT
cblr-7157	967	68	)	)	PUNCT
cblr-7157	967	69	.	.	PUNCT
cblr-7157	968	1	220	220	NUM
cblr-7157	968	2	see	see	VERB
cblr-7157	968	3	velasco	velasco	PROPN
cblr-7157	968	4	,	,	PUNCT
cblr-7157	968	5	supra	supra	PROPN
cblr-7157	968	6	note	note	PROPN
cblr-7157	968	7	8	8	NUM
cblr-7157	968	8	,	,	PUNCT
cblr-7157	968	9	at	at	ADP
cblr-7157	968	10	908	908	NUM
cblr-7157	968	11	.	.	PUNCT
cblr-7157	969	1	221	221	NUM
cblr-7157	969	2	see	see	VERB
cblr-7157	969	3	2	2	NUM
cblr-7157	969	4	arthur	arthur	PROPN
cblr-7157	969	5	w.	w.	PROPN
cblr-7157	969	6	machen	machen	PROPN
cblr-7157	969	7	,	,	PUNCT
cblr-7157	969	8	jr	jr	PROPN
cblr-7157	969	9	.	.	PROPN
cblr-7157	969	10	,	,	PUNCT
cblr-7157	969	11	a	a	DET
cblr-7157	969	12	treatise	treatise	NOUN
cblr-7157	969	13	on	on	ADP
cblr-7157	969	14	the	the	DET
cblr-7157	969	15	modern	modern	ADJ
cblr-7157	969	16	law	law	NOUN
cblr-7157	969	17	of	of	ADP
cblr-7157	969	18	corporations	corporation	NOUN
cblr-7157	969	19	with	with	ADP
cblr-7157	969	20	reference	reference	NOUN
cblr-7157	969	21	to	to	ADP
cblr-7157	969	22	formation	formation	NOUN
cblr-7157	969	23	and	and	CCONJ
cblr-7157	969	24	operation	operation	NOUN
cblr-7157	969	25	under	under	ADP
cblr-7157	969	26	general	general	ADJ
cblr-7157	969	27	laws	law	NOUN
cblr-7157	969	28	§	§	PROPN
cblr-7157	969	29	1399	1399	NUM
cblr-7157	969	30	(	(	PUNCT
cblr-7157	969	31	1908	1908	NUM
cblr-7157	969	32	)	)	PUNCT
cblr-7157	969	33	(	(	PUNCT
cblr-7157	969	34	“	"	PUNCT
cblr-7157	969	35	furthermore	furthermore	ADV
cblr-7157	969	36	,	,	PUNCT
cblr-7157	969	37	the	the	DET
cblr-7157	969	38	relationship	relationship	NOUN
cblr-7157	969	39	of	of	ADP
cblr-7157	969	40	directors	director	NOUN
cblr-7157	969	41	to	to	ADP
cblr-7157	969	42	the	the	DET
cblr-7157	969	43	corporation	corporation	NOUN
cblr-7157	969	44	and	and	CCONJ
cblr-7157	969	45	those	those	PRON
cblr-7157	969	46	who	who	PRON
cblr-7157	969	47	are	be	AUX
cblr-7157	969	48	the	the	DET
cblr-7157	969	49	real	real	ADJ
cblr-7157	969	50	owners	owner	NOUN
cblr-7157	969	51	of	of	ADP
cblr-7157	969	52	its	its	PRON
cblr-7157	969	53	rights	right	NOUN
cblr-7157	969	54	,	,	PUNCT
cblr-7157	969	55	property	property	NOUN
cblr-7157	969	56	and	and	CCONJ
cblr-7157	969	57	assets	asset	NOUN
cblr-7157	969	58	,	,	PUNCT
cblr-7157	969	59	the	the	DET
cblr-7157	969	60	stockholders	stockholder	NOUN
cblr-7157	969	61	,	,	PUNCT
cblr-7157	969	62	resembles	resemble	VERB
cblr-7157	969	63	in	in	ADP
cblr-7157	969	64	some	some	DET
cblr-7157	969	65	respects	respect	NOUN
cblr-7157	969	66	that	that	PRON
cblr-7157	969	67	of	of	ADP
cblr-7157	969	68	agent	agent	NOUN
cblr-7157	969	69	to	to	ADP
cblr-7157	969	70	principal	principal	NOUN
cblr-7157	969	71	,	,	PUNCT
cblr-7157	969	72	of	of	ADP
cblr-7157	969	73	managing	manage	VERB
cblr-7157	969	74	to	to	PART
cblr-7157	969	75	dormant	dormant	VERB
cblr-7157	969	76	partner	partner	NOUN
cblr-7157	969	77	,	,	PUNCT
cblr-7157	969	78	and	and	CCONJ
cblr-7157	969	79	of	of	ADP
cblr-7157	969	80	trustee	trustee	NOUN
cblr-7157	969	81	to	to	ADP
cblr-7157	969	82	beneficiary	beneficiary	NOUN
cblr-7157	969	83	.	.	PUNCT
cblr-7157	969	84	”	"	PUNCT
cblr-7157	969	85	)	)	PUNCT
cblr-7157	969	86	;	;	PUNCT
cblr-7157	969	87	see	see	VERB
cblr-7157	969	88	also	also	ADV
cblr-7157	969	89	cahall	cahall	PROPN
cblr-7157	969	90	v.	v.	ADP
cblr-7157	969	91	lofland	lofland	PROPN
cblr-7157	969	92	,	,	PUNCT
cblr-7157	969	93	114	114	NUM
cblr-7157	969	94	a.	a.	NOUN
cblr-7157	969	95	224	224	NUM
cblr-7157	969	96	,	,	PUNCT
cblr-7157	969	97	232	232	NUM
cblr-7157	969	98	(	(	PUNCT
cblr-7157	969	99	del	del	PROPN
cblr-7157	969	100	ch	ch	PROPN
cblr-7157	969	101	.	.	PROPN
cblr-7157	969	102	1921	1921	NUM
cblr-7157	969	103	)	)	PUNCT
cblr-7157	969	104	(	(	PUNCT
cblr-7157	969	105	“	"	PUNCT
cblr-7157	969	106	one	one	NUM
cblr-7157	969	107	fundamental	fundamental	ADJ
cblr-7157	969	108	feature	feature	NOUN
cblr-7157	969	109	of	of	ADP
cblr-7157	969	110	the	the	DET
cblr-7157	969	111	relationship	relationship	NOUN
cblr-7157	969	112	is	be	AUX
cblr-7157	969	113	fidelity	fidelity	NOUN
cblr-7157	969	114	as	as	ADP
cblr-7157	969	115	to	to	ADP
cblr-7157	969	116	a	a	DET
cblr-7157	969	117	trust	trust	NOUN
cblr-7157	969	118	,	,	PUNCT
cblr-7157	969	119	and	and	CCONJ
cblr-7157	969	120	that	that	SCONJ
cblr-7157	969	121	no	no	DET
cblr-7157	969	122	advantage	advantage	NOUN
cblr-7157	969	123	can	can	AUX
cblr-7157	969	124	be	be	AUX
cblr-7157	969	125	derived	derive	VERB
cblr-7157	969	126	by	by	ADP
cblr-7157	969	127	a	a	DET
cblr-7157	969	128	director	director	NOUN
cblr-7157	969	129	by	by	ADP
cblr-7157	969	130	reason	reason	NOUN
cblr-7157	969	131	of	of	ADP
cblr-7157	969	132	his	his	PRON
cblr-7157	969	133	position	position	NOUN
cblr-7157	969	134	.	.	PUNCT
cblr-7157	969	135	”	"	PUNCT
cblr-7157	969	136	)	)	PUNCT
cblr-7157	969	137	.	.	PUNCT
cblr-7157	970	1	222	222	NUM
cblr-7157	970	2	danielle	danielle	PROPN
cblr-7157	970	3	d’onfro	d’onfro	PROPN
cblr-7157	970	4	,	,	PUNCT
cblr-7157	970	5	limited	limited	ADJ
cblr-7157	970	6	liability	liability	NOUN
cblr-7157	970	7	property	property	NOUN
cblr-7157	970	8	,	,	PUNCT
cblr-7157	970	9	39	39	NUM
cblr-7157	970	10	cardozo	cardozo	PROPN
cblr-7157	970	11	l.	l.	PROPN
cblr-7157	970	12	rev	rev	PROPN
cblr-7157	970	13	.	.	PROPN
cblr-7157	970	14	1365	1365	NUM
cblr-7157	970	15	,	,	PUNCT
cblr-7157	970	16	1380–81	1380–81	NUM
cblr-7157	970	17	(	(	PUNCT
cblr-7157	970	18	2018	2018	NUM
cblr-7157	970	19	)	)	PUNCT
cblr-7157	970	20	(	(	PUNCT
cblr-7157	970	21	explaining	explain	VERB
cblr-7157	970	22	how	how	SCONJ
cblr-7157	970	23	viewing	view	VERB
cblr-7157	970	24	equity	equity	NOUN
cblr-7157	970	25	holders	holder	NOUN
cblr-7157	970	26	as	as	ADP
cblr-7157	970	27	tenants	tenant	NOUN
cblr-7157	970	28	in	in	ADP
cblr-7157	970	29	common	common	ADJ
cblr-7157	970	30	clarifies	clarifie	NOUN
cblr-7157	970	31	the	the	DET
cblr-7157	970	32	understanding	understanding	NOUN
cblr-7157	970	33	of	of	ADP
cblr-7157	970	34	what	what	PRON
cblr-7157	970	35	they	they	PRON
cblr-7157	970	36	hold	hold	VERB
cblr-7157	970	37	)	)	PUNCT
cblr-7157	970	38	.	.	PUNCT
cblr-7157	971	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	971	2	(	(	PUNCT
cblr-7157	971	3	do	do	AUX
cblr-7157	971	4	not	not	PART
cblr-7157	971	5	delte	delte	VERB
cblr-7157	971	6	)	)	PUNCT
cblr-7157	971	7	10/2/2020	10/2/2020	NUM
cblr-7157	971	8	11:44	11:44	NUM
cblr-7157	971	9	am	be	AUX
cblr-7157	971	10	64	64	NUM
cblr-7157	971	11	columbia	columbia	PROPN
cblr-7157	971	12	business	business	NOUN
cblr-7157	971	13	law	law	NOUN
cblr-7157	971	14	review	review	NOUN
cblr-7157	972	1	[	[	X
cblr-7157	972	2	vol	vol	NOUN
cblr-7157	972	3	.	.	PUNCT
cblr-7157	972	4	2020	2020	NUM
cblr-7157	972	5	equitable	equitable	ADJ
cblr-7157	972	6	interests	interest	NOUN
cblr-7157	972	7	and	and	CCONJ
cblr-7157	972	8	not	not	PART
cblr-7157	972	9	legal	legal	ADJ
cblr-7157	972	10	interests	interest	NOUN
cblr-7157	972	11	.	.	PUNCT
cblr-7157	973	1	that	that	PRON
cblr-7157	973	2	equitable	equitable	VERB
cblr-7157	973	3	ownership	ownership	NOUN
cblr-7157	973	4	,	,	PUNCT
cblr-7157	973	5	and	and	CCONJ
cblr-7157	973	6	the	the	DET
cblr-7157	973	7	decoupling	decoupling	NOUN
cblr-7157	973	8	of	of	ADP
cblr-7157	973	9	legal	legal	ADJ
cblr-7157	973	10	from	from	ADP
cblr-7157	973	11	equitable	equitable	ADJ
cblr-7157	973	12	ownership	ownership	NOUN
cblr-7157	973	13	,	,	PUNCT
cblr-7157	973	14	is	be	AUX
cblr-7157	973	15	an	an	DET
cblr-7157	973	16	echo	echo	NOUN
cblr-7157	973	17	of	of	ADP
cblr-7157	973	18	the	the	DET
cblr-7157	973	19	trust	trust	NOUN
cblr-7157	973	20	,	,	PUNCT
cblr-7157	973	21	from	from	ADP
cblr-7157	973	22	which	which	PRON
cblr-7157	973	23	our	our	PRON
cblr-7157	973	24	modern	modern	ADJ
cblr-7157	973	25	law	law	NOUN
cblr-7157	973	26	of	of	ADP
cblr-7157	973	27	fiduciary	fiduciary	ADJ
cblr-7157	973	28	duties	duty	NOUN
cblr-7157	973	29	emerges	emerge	VERB
cblr-7157	973	30	.	.	PUNCT
cblr-7157	974	1	this	this	DET
cblr-7157	974	2	connection	connection	NOUN
cblr-7157	974	3	will	will	AUX
cblr-7157	974	4	be	be	AUX
cblr-7157	974	5	discussed	discuss	VERB
cblr-7157	974	6	in	in	ADP
cblr-7157	974	7	more	more	ADJ
cblr-7157	974	8	detail	detail	NOUN
cblr-7157	974	9	in	in	ADP
cblr-7157	974	10	section	section	NOUN
cblr-7157	974	11	iii.d	iii.d	PROPN
cblr-7157	974	12	below	below	ADV
cblr-7157	974	13	.	.	PUNCT
cblr-7157	975	1	3	3	X
cblr-7157	975	2	.	.	X
cblr-7157	975	3	the	the	DET
cblr-7157	975	4	boundary	boundary	ADJ
cblr-7157	975	5	question	question	NOUN
cblr-7157	975	6	in	in	ADP
cblr-7157	975	7	corporate	corporate	ADJ
cblr-7157	975	8	law	law	NOUN
cblr-7157	975	9	corporate	corporate	ADJ
cblr-7157	975	10	law	law	NOUN
cblr-7157	975	11	can	can	AUX
cblr-7157	975	12	not	not	PART
cblr-7157	975	13	exist	exist	VERB
cblr-7157	975	14	without	without	ADP
cblr-7157	975	15	drawing	draw	VERB
cblr-7157	975	16	boundaries	boundary	NOUN
cblr-7157	975	17	,	,	PUNCT
cblr-7157	975	18	as	as	SCONJ
cblr-7157	975	19	the	the	DET
cblr-7157	975	20	internal	internal	ADJ
cblr-7157	975	21	affairs	affairs	PROPN
cblr-7157	975	22	doctrine	doctrine	NOUN
cblr-7157	975	23	attests	attest	VERB
cblr-7157	975	24	.	.	PUNCT
cblr-7157	976	1	the	the	DET
cblr-7157	976	2	property	property	NOUN
cblr-7157	976	3	theory	theory	NOUN
cblr-7157	976	4	draws	draw	VERB
cblr-7157	976	5	its	its	PRON
cblr-7157	976	6	boundaries	boundary	NOUN
cblr-7157	976	7	at	at	ADP
cblr-7157	976	8	the	the	DET
cblr-7157	976	9	property	property	NOUN
cblr-7157	976	10	-	-	PUNCT
cblr-7157	976	11	contract	contract	NOUN
cblr-7157	976	12	borderline	borderline	NOUN
cblr-7157	976	13	.	.	PUNCT
cblr-7157	977	1	this	this	DET
cblr-7157	977	2	boundary	boundary	NOUN
cblr-7157	977	3	is	be	AUX
cblr-7157	977	4	relevant	relevant	ADJ
cblr-7157	977	5	even	even	ADV
cblr-7157	977	6	if	if	SCONJ
cblr-7157	977	7	one	one	NUM
cblr-7157	977	8	subscribes	subscribe	VERB
cblr-7157	977	9	to	to	ADP
cblr-7157	977	10	the	the	DET
cblr-7157	977	11	contractarian	contractarian	ADJ
cblr-7157	977	12	theory	theory	NOUN
cblr-7157	977	13	,	,	PUNCT
cblr-7157	977	14	because	because	SCONJ
cblr-7157	977	15	even	even	ADV
cblr-7157	977	16	if	if	SCONJ
cblr-7157	977	17	shares	share	NOUN
cblr-7157	977	18	are	be	AUX
cblr-7157	977	19	contracts	contract	NOUN
cblr-7157	977	20	,	,	PUNCT
cblr-7157	977	21	corporate	corporate	ADJ
cblr-7157	977	22	contracts	contract	NOUN
cblr-7157	977	23	are	be	AUX
cblr-7157	977	24	interpreted	interpret	VERB
cblr-7157	977	25	differently	differently	ADV
cblr-7157	977	26	from	from	ADP
cblr-7157	977	27	other	other	ADJ
cblr-7157	977	28	contracts	contract	NOUN
cblr-7157	977	29	.	.	PUNCT
cblr-7157	978	1	for	for	ADP
cblr-7157	978	2	example	example	NOUN
cblr-7157	978	3	,	,	PUNCT
cblr-7157	978	4	even	even	ADV
cblr-7157	978	5	open	open	ADJ
cblr-7157	978	6	-	-	PUNCT
cblr-7157	978	7	ended	end	VERB
cblr-7157	978	8	contracts	contract	NOUN
cblr-7157	978	9	generally	generally	ADV
cblr-7157	978	10	do	do	AUX
cblr-7157	978	11	not	not	PART
cblr-7157	978	12	imply	imply	VERB
cblr-7157	978	13	fiduciary	fiduciary	ADJ
cblr-7157	978	14	duties	duty	NOUN
cblr-7157	978	15	as	as	SCONJ
cblr-7157	978	16	corporate	corporate	ADJ
cblr-7157	978	17	contracts	contract	NOUN
cblr-7157	978	18	do	do	VERB
cblr-7157	978	19	.	.	PUNCT
cblr-7157	979	1	thus	thus	ADV
cblr-7157	979	2	,	,	PUNCT
cblr-7157	979	3	courts	court	NOUN
cblr-7157	979	4	“	"	PUNCT
cblr-7157	979	5	do	do	VERB
cblr-7157	979	6	something	something	PRON
cblr-7157	979	7	different	different	ADJ
cblr-7157	979	8	”	"	PUNCT
cblr-7157	979	9	in	in	ADP
cblr-7157	979	10	the	the	DET
cblr-7157	979	11	case	case	NOUN
cblr-7157	979	12	of	of	ADP
cblr-7157	979	13	corporate	corporate	ADJ
cblr-7157	979	14	contracts	contract	NOUN
cblr-7157	979	15	.	.	PUNCT
cblr-7157	980	1	even	even	ADV
cblr-7157	980	2	if	if	SCONJ
cblr-7157	980	3	one	one	PRON
cblr-7157	980	4	considers	consider	VERB
cblr-7157	980	5	corporate	corporate	ADJ
cblr-7157	980	6	law	law	NOUN
cblr-7157	980	7	to	to	PART
cblr-7157	980	8	be	be	AUX
cblr-7157	980	9	guided	guide	VERB
cblr-7157	980	10	by	by	ADP
cblr-7157	980	11	special	special	ADJ
cblr-7157	980	12	contract	contract	NOUN
cblr-7157	980	13	rules	rule	NOUN
cblr-7157	980	14	,	,	PUNCT
cblr-7157	980	15	courts	court	NOUN
cblr-7157	980	16	need	need	VERB
cblr-7157	980	17	to	to	PART
cblr-7157	980	18	know	know	VERB
cblr-7157	980	19	when	when	SCONJ
cblr-7157	980	20	they	they	PRON
cblr-7157	980	21	should	should	AUX
cblr-7157	980	22	apply	apply	VERB
cblr-7157	980	23	these	these	DET
cblr-7157	980	24	different	different	ADJ
cblr-7157	980	25	rules	rule	NOUN
cblr-7157	980	26	.	.	PUNCT
cblr-7157	981	1	where	where	SCONJ
cblr-7157	981	2	to	to	PART
cblr-7157	981	3	draw	draw	VERB
cblr-7157	981	4	the	the	DET
cblr-7157	981	5	line	line	NOUN
cblr-7157	981	6	will	will	AUX
cblr-7157	981	7	not	not	PART
cblr-7157	981	8	be	be	AUX
cblr-7157	981	9	apparent	apparent	ADJ
cblr-7157	981	10	in	in	ADP
cblr-7157	981	11	all	all	DET
cblr-7157	981	12	cases	case	NOUN
cblr-7157	981	13	.	.	PUNCT
cblr-7157	982	1	but	but	CCONJ
cblr-7157	982	2	the	the	DET
cblr-7157	982	3	property	property	NOUN
cblr-7157	982	4	rules	rule	NOUN
cblr-7157	982	5	described	describe	VERB
cblr-7157	982	6	above	above	ADP
cblr-7157	982	7	—	—	PUNCT
cblr-7157	982	8	those	those	PRON
cblr-7157	982	9	that	that	DET
cblr-7157	982	10	contract	contract	NOUN
cblr-7157	982	11	can	can	AUX
cblr-7157	982	12	not	not	PART
cblr-7157	982	13	replicate	replicate	VERB
cblr-7157	982	14	—	—	PUNCT
cblr-7157	982	15	are	be	AUX
cblr-7157	982	16	all	all	PRON
cblr-7157	982	17	considered	consider	VERB
cblr-7157	982	18	“	"	PUNCT
cblr-7157	982	19	off	off	ADP
cblr-7157	982	20	-	-	PUNCT
cblr-7157	982	21	the	the	DET
cblr-7157	982	22	-	-	PUNCT
cblr-7157	982	23	rack	rack	NOUN
cblr-7157	982	24	”	"	PUNCT
cblr-7157	982	25	defaults	default	NOUN
cblr-7157	982	26	of	of	ADP
cblr-7157	982	27	corporate	corporate	ADJ
cblr-7157	982	28	law	law	NOUN
cblr-7157	982	29	.	.	PUNCT
cblr-7157	983	1	the	the	DET
cblr-7157	983	2	default	default	NOUN
cblr-7157	983	3	rules	rule	NOUN
cblr-7157	983	4	that	that	PRON
cblr-7157	983	5	attach	attach	VERB
cblr-7157	983	6	to	to	ADP
cblr-7157	983	7	shares	share	NOUN
cblr-7157	983	8	with	with	ADP
cblr-7157	983	9	residual	residual	ADJ
cblr-7157	983	10	control	control	NOUN
cblr-7157	983	11	rights	right	NOUN
cblr-7157	983	12	are	be	AUX
cblr-7157	983	13	the	the	DET
cblr-7157	983	14	boundary	boundary	ADJ
cblr-7157	983	15	line	line	NOUN
cblr-7157	983	16	between	between	ADP
cblr-7157	983	17	corporate	corporate	ADJ
cblr-7157	983	18	law	law	NOUN
cblr-7157	983	19	and	and	CCONJ
cblr-7157	983	20	contract	contract	NOUN
cblr-7157	983	21	law	law	NOUN
cblr-7157	983	22	.	.	PUNCT
cblr-7157	984	1	thus	thus	ADV
cblr-7157	984	2	,	,	PUNCT
cblr-7157	984	3	shareholders	shareholder	NOUN
cblr-7157	984	4	can	can	AUX
cblr-7157	984	5	simultaneously	simultaneously	ADV
cblr-7157	984	6	have	have	VERB
cblr-7157	984	7	both	both	CCONJ
cblr-7157	984	8	contract	contract	NOUN
cblr-7157	984	9	and	and	CCONJ
cblr-7157	984	10	property	property	NOUN
cblr-7157	984	11	rights	right	NOUN
cblr-7157	984	12	in	in	ADP
cblr-7157	984	13	the	the	DET
cblr-7157	984	14	corporation	corporation	NOUN
cblr-7157	984	15	.	.	PUNCT
cblr-7157	985	1	4	4	X
cblr-7157	985	2	.	.	X
cblr-7157	985	3	the	the	DET
cblr-7157	985	4	new	new	ADJ
cblr-7157	985	5	literature	literature	NOUN
cblr-7157	985	6	on	on	ADP
cblr-7157	985	7	property	property	NOUN
cblr-7157	985	8	in	in	ADP
cblr-7157	985	9	the	the	DET
cblr-7157	985	10	corporation	corporation	NOUN
cblr-7157	985	11	the	the	DET
cblr-7157	985	12	analysis	analysis	NOUN
cblr-7157	985	13	above	above	ADV
cblr-7157	985	14	builds	build	VERB
cblr-7157	985	15	on	on	ADP
cblr-7157	985	16	a	a	DET
cblr-7157	985	17	growing	grow	VERB
cblr-7157	985	18	literature	literature	NOUN
cblr-7157	985	19	exploring	explore	VERB
cblr-7157	985	20	the	the	DET
cblr-7157	985	21	property	property	NOUN
cblr-7157	985	22	aspects	aspect	NOUN
cblr-7157	985	23	of	of	ADP
cblr-7157	985	24	organizational	organizational	ADJ
cblr-7157	985	25	law	law	NOUN
cblr-7157	985	26	,	,	PUNCT
cblr-7157	985	27	pioneered	pioneer	VERB
cblr-7157	985	28	by	by	ADP
cblr-7157	985	29	hansmann	hansmann	NOUN
cblr-7157	985	30	and	and	CCONJ
cblr-7157	985	31	kraakman	kraakman	PROPN
cblr-7157	985	32	.	.	PUNCT
cblr-7157	986	1	although	although	SCONJ
cblr-7157	986	2	the	the	DET
cblr-7157	986	3	nexus	nexus	NOUN
cblr-7157	986	4	of	of	ADP
cblr-7157	986	5	contracts	contract	NOUN
cblr-7157	986	6	approach	approach	NOUN
cblr-7157	986	7	dominates	dominate	VERB
cblr-7157	986	8	the	the	DET
cblr-7157	986	9	scholarly	scholarly	ADJ
cblr-7157	986	10	literature	literature	NOUN
cblr-7157	986	11	on	on	ADP
cblr-7157	986	12	corporate	corporate	ADJ
cblr-7157	986	13	law	law	NOUN
cblr-7157	986	14	,	,	PUNCT
cblr-7157	986	15	a	a	DET
cblr-7157	986	16	different	different	ADJ
cblr-7157	986	17	view	view	NOUN
cblr-7157	986	18	exists	exist	VERB
cblr-7157	986	19	in	in	ADP
cblr-7157	986	20	the	the	DET
cblr-7157	986	21	scholarly	scholarly	ADJ
cblr-7157	986	22	literature	literature	NOUN
cblr-7157	986	23	on	on	ADP
cblr-7157	986	24	property	property	NOUN
cblr-7157	986	25	law	law	NOUN
cblr-7157	986	26	,	,	PUNCT
cblr-7157	986	27	where	where	SCONJ
cblr-7157	986	28	scholars	scholar	NOUN
cblr-7157	986	29	often	often	ADV
cblr-7157	986	30	regard	regard	VERB
cblr-7157	986	31	corporate	corporate	ADJ
cblr-7157	986	32	law	law	NOUN
cblr-7157	986	33	as	as	ADP
cblr-7157	986	34	deriving	derive	VERB
cblr-7157	986	35	more	more	ADV
cblr-7157	986	36	from	from	ADP
cblr-7157	986	37	property	property	NOUN
cblr-7157	986	38	than	than	ADP
cblr-7157	986	39	contract.223	contract.223	NOUN
cblr-7157	986	40	even	even	ADV
cblr-7157	986	41	within	within	ADP
cblr-7157	986	42	corporate	corporate	ADJ
cblr-7157	986	43	223	223	NUM
cblr-7157	986	44	james	james	PROPN
cblr-7157	986	45	y.	y.	PROPN
cblr-7157	986	46	stern	stern	PROPN
cblr-7157	986	47	,	,	PUNCT
cblr-7157	986	48	the	the	DET
cblr-7157	986	49	essential	essential	ADJ
cblr-7157	986	50	structure	structure	NOUN
cblr-7157	986	51	of	of	ADP
cblr-7157	986	52	property	property	NOUN
cblr-7157	986	53	law	law	NOUN
cblr-7157	986	54	,	,	PUNCT
cblr-7157	986	55	115	115	NUM
cblr-7157	986	56	mich	mich	PROPN
cblr-7157	986	57	.	.	PUNCT
cblr-7157	987	1	l.	l.	PROPN
cblr-7157	987	2	rev	rev	PROPN
cblr-7157	987	3	.	.	PROPN
cblr-7157	987	4	1167	1167	NUM
cblr-7157	987	5	,	,	PUNCT
cblr-7157	987	6	1201–02	1201–02	NUM
cblr-7157	987	7	(	(	PUNCT
cblr-7157	987	8	agreeing	agree	VERB
cblr-7157	987	9	with	with	ADP
cblr-7157	987	10	hansmann	hansmann	NOUN
cblr-7157	987	11	and	and	CCONJ
cblr-7157	987	12	kraakman	kraakman	NOUN
cblr-7157	987	13	that	that	SCONJ
cblr-7157	987	14	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	987	15	(	(	PUNCT
cblr-7157	987	16	do	do	AUX
cblr-7157	987	17	not	not	PART
cblr-7157	987	18	delete	delete	VERB
cblr-7157	987	19	)	)	PUNCT
cblr-7157	987	20	10/2/2020	10/2/2020	NUM
cblr-7157	987	21	11:44	11:44	NUM
cblr-7157	987	22	am	be	AUX
cblr-7157	987	23	no	no	NOUN
cblr-7157	987	24	.	.	PUNCT
cblr-7157	988	1	1:1	1:1	NUM
cblr-7157	988	2	]	]	X
cblr-7157	988	3	a	a	DET
cblr-7157	988	4	property	property	NOUN
cblr-7157	988	5	theory	theory	NOUN
cblr-7157	988	6	65	65	NUM
cblr-7157	988	7	law	law	NOUN
cblr-7157	988	8	,	,	PUNCT
cblr-7157	988	9	however	however	ADV
cblr-7157	988	10	,	,	PUNCT
cblr-7157	988	11	a	a	DET
cblr-7157	988	12	growing	grow	VERB
cblr-7157	988	13	literature	literature	NOUN
cblr-7157	988	14	has	have	AUX
cblr-7157	988	15	identified	identify	VERB
cblr-7157	988	16	various	various	ADJ
cblr-7157	988	17	aspects	aspect	NOUN
cblr-7157	988	18	of	of	ADP
cblr-7157	988	19	corporate	corporate	ADJ
cblr-7157	988	20	law	law	NOUN
cblr-7157	988	21	that	that	PRON
cblr-7157	988	22	contract	contract	NOUN
cblr-7157	988	23	can	can	AUX
cblr-7157	988	24	not	not	PART
cblr-7157	988	25	replicate	replicate	VERB
cblr-7157	988	26	,	,	PUNCT
cblr-7157	988	27	suggesting	suggest	VERB
cblr-7157	988	28	a	a	DET
cblr-7157	988	29	property	property	NOUN
cblr-7157	988	30	residue	residue	NOUN
cblr-7157	988	31	exists	exist	VERB
cblr-7157	988	32	within	within	ADP
cblr-7157	988	33	corporate	corporate	ADJ
cblr-7157	988	34	law.224	law.224	NOUN
cblr-7157	988	35	these	these	DET
cblr-7157	988	36	approaches	approach	NOUN
cblr-7157	988	37	identify	identify	VERB
cblr-7157	988	38	a	a	DET
cblr-7157	988	39	“	"	PUNCT
cblr-7157	988	40	proprietary	proprietary	ADJ
cblr-7157	988	41	foundation	foundation	NOUN
cblr-7157	988	42	”	"	PUNCT
cblr-7157	988	43	of	of	ADP
cblr-7157	988	44	corporate	corporate	ADJ
cblr-7157	988	45	law	law	NOUN
cblr-7157	988	46	on	on	ADP
cblr-7157	988	47	which	which	PRON
cblr-7157	988	48	the	the	DET
cblr-7157	988	49	“	"	PUNCT
cblr-7157	988	50	contractarian	contractarian	ADJ
cblr-7157	988	51	superstructure	superstructure	NOUN
cblr-7157	988	52	is	be	AUX
cblr-7157	988	53	constructed	construct	VERB
cblr-7157	988	54	.	.	PUNCT
cblr-7157	988	55	”225	”225	PUNCT
cblr-7157	989	1	thus	thus	ADV
cblr-7157	989	2	,	,	PUNCT
cblr-7157	989	3	the	the	DET
cblr-7157	989	4	corporate	corporate	ADJ
cblr-7157	989	5	law	law	NOUN
cblr-7157	989	6	literature	literature	NOUN
cblr-7157	989	7	is	be	AUX
cblr-7157	989	8	moving	move	VERB
cblr-7157	989	9	toward	toward	ADP
cblr-7157	989	10	property	property	NOUN
cblr-7157	989	11	approaches	approach	NOUN
cblr-7157	989	12	to	to	ADP
cblr-7157	989	13	the	the	DET
cblr-7157	989	14	corporation.226	corporation.226	NOUN
cblr-7157	989	15	the	the	DET
cblr-7157	989	16	springboard	springboard	NOUN
cblr-7157	989	17	for	for	ADP
cblr-7157	989	18	this	this	DET
cblr-7157	989	19	new	new	ADJ
cblr-7157	989	20	property	property	NOUN
cblr-7157	989	21	literature	literature	NOUN
cblr-7157	989	22	on	on	ADP
cblr-7157	989	23	the	the	DET
cblr-7157	989	24	corporation	corporation	NOUN
cblr-7157	989	25	was	be	AUX
cblr-7157	989	26	hansmann	hansmann	NOUN
cblr-7157	989	27	and	and	CCONJ
cblr-7157	989	28	kraakman	kraakman	PROPN
cblr-7157	989	29	’s	’s	PART
cblr-7157	989	30	pioneering	pioneer	VERB
cblr-7157	989	31	article	article	NOUN
cblr-7157	989	32	.	.	PUNCT
cblr-7157	990	1	their	their	PRON
cblr-7157	990	2	work	work	NOUN
cblr-7157	990	3	stimulated	stimulate	VERB
cblr-7157	990	4	other	other	ADJ
cblr-7157	990	5	work	work	NOUN
cblr-7157	990	6	that	that	PRON
cblr-7157	990	7	identified	identify	VERB
cblr-7157	990	8	other	other	ADJ
cblr-7157	990	9	features	feature	NOUN
cblr-7157	990	10	of	of	ADP
cblr-7157	990	11	organizational	organizational	ADJ
cblr-7157	990	12	law	law	NOUN
cblr-7157	990	13	that	that	PRON
cblr-7157	990	14	could	could	AUX
cblr-7157	990	15	n’t	not	PART
cblr-7157	990	16	be	be	AUX
cblr-7157	990	17	replicated	replicate	VERB
cblr-7157	990	18	by	by	ADP
cblr-7157	990	19	contract	contract	NOUN
cblr-7157	990	20	.	.	PUNCT
cblr-7157	991	1	in	in	ADP
cblr-7157	991	2	particular	particular	ADJ
cblr-7157	991	3	,	,	PUNCT
cblr-7157	991	4	armour	armour	NOUN
cblr-7157	991	5	and	and	CCONJ
cblr-7157	991	6	whincop	whincop	NOUN
cblr-7157	991	7	have	have	AUX
cblr-7157	991	8	made	make	VERB
cblr-7157	991	9	important	important	ADJ
cblr-7157	991	10	contributions	contribution	NOUN
cblr-7157	991	11	by	by	ADP
cblr-7157	991	12	building	build	VERB
cblr-7157	991	13	upon	upon	SCONJ
cblr-7157	991	14	hansmann	hansmann	NOUN
cblr-7157	991	15	and	and	CCONJ
cblr-7157	991	16	kraakman	kraakman	PROPN
cblr-7157	991	17	’s	’s	PART
cblr-7157	991	18	piece	piece	NOUN
cblr-7157	991	19	.	.	PUNCT
cblr-7157	992	1	whereas	whereas	SCONJ
cblr-7157	992	2	hansmann	hansmann	NOUN
cblr-7157	992	3	and	and	CCONJ
cblr-7157	992	4	kraakman	kraakman	ADJ
cblr-7157	992	5	focus	focus	NOUN
cblr-7157	992	6	on	on	ADP
cblr-7157	992	7	“	"	PUNCT
cblr-7157	992	8	affirmative	affirmative	ADJ
cblr-7157	992	9	asset	asset	NOUN
cblr-7157	992	10	partitioning	partitioning	NOUN
cblr-7157	992	11	”	"	PUNCT
cblr-7157	992	12	as	as	ADP
cblr-7157	992	13	the	the	DET
cblr-7157	992	14	property	property	NOUN
cblr-7157	992	15	law	law	NOUN
cblr-7157	992	16	portion	portion	NOUN
cblr-7157	992	17	of	of	ADP
cblr-7157	992	18	corporate	corporate	ADJ
cblr-7157	992	19	law	law	NOUN
cblr-7157	992	20	,	,	PUNCT
cblr-7157	992	21	armour	armour	NOUN
cblr-7157	992	22	and	and	CCONJ
cblr-7157	992	23	whincop	whincop	PROPN
cblr-7157	992	24	envision	envision	VERB
cblr-7157	992	25	a	a	DET
cblr-7157	992	26	broader	broad	ADJ
cblr-7157	992	27	role	role	NOUN
cblr-7157	992	28	for	for	ADP
cblr-7157	992	29	property	property	NOUN
cblr-7157	992	30	law	law	NOUN
cblr-7157	992	31	in	in	ADP
cblr-7157	992	32	the	the	DET
cblr-7157	992	33	corporate	corporate	ADJ
cblr-7157	992	34	context.227	context.227	PROPN
cblr-7157	992	35	armour	armour	NOUN
cblr-7157	992	36	and	and	CCONJ
cblr-7157	992	37	whincop	whincop	NOUN
cblr-7157	992	38	draw	draw	VERB
cblr-7157	992	39	the	the	DET
cblr-7157	992	40	line	line	NOUN
cblr-7157	992	41	between	between	ADP
cblr-7157	992	42	the	the	DET
cblr-7157	992	43	“	"	PUNCT
cblr-7157	992	44	proprietary	proprietary	ADJ
cblr-7157	992	45	foundations	foundation	NOUN
cblr-7157	992	46	”	"	PUNCT
cblr-7157	992	47	of	of	ADP
cblr-7157	992	48	corporate	corporate	ADJ
cblr-7157	992	49	law	law	NOUN
cblr-7157	992	50	from	from	ADP
cblr-7157	992	51	its	its	PRON
cblr-7157	992	52	“	"	PUNCT
cblr-7157	992	53	contractarian	contractarian	ADJ
cblr-7157	992	54	superstructure	superstructure	NOUN
cblr-7157	992	55	”	"	PUNCT
cblr-7157	992	56	based	base	VERB
cblr-7157	992	57	on	on	ADP
cblr-7157	992	58	whether	whether	SCONJ
cblr-7157	992	59	“	"	PUNCT
cblr-7157	992	60	the	the	DET
cblr-7157	992	61	provisions	provision	NOUN
cblr-7157	992	62	in	in	ADP
cblr-7157	992	63	question	question	NOUN
cblr-7157	992	64	could	could	AUX
cblr-7157	992	65	be	be	AUX
cblr-7157	992	66	replicated	replicate	VERB
cblr-7157	992	67	by	by	ADP
cblr-7157	992	68	private	private	ADJ
cblr-7157	992	69	contract	contract	NOUN
cblr-7157	992	70	.	.	PUNCT
cblr-7157	992	71	”228	”228	PUNCT
cblr-7157	993	1	although	although	SCONJ
cblr-7157	993	2	armour	armour	NOUN
cblr-7157	993	3	and	and	CCONJ
cblr-7157	993	4	whincop	whincop	NOUN
cblr-7157	993	5	stop	stop	VERB
cblr-7157	993	6	short	short	ADV
cblr-7157	993	7	of	of	ADP
cblr-7157	993	8	recognizing	recognize	VERB
cblr-7157	993	9	the	the	DET
cblr-7157	993	10	property	property	NOUN
cblr-7157	993	11	features	feature	NOUN
cblr-7157	993	12	identified	identify	VERB
cblr-7157	993	13	in	in	ADP
cblr-7157	993	14	this	this	DET
cblr-7157	993	15	article	article	NOUN
cblr-7157	993	16	,	,	PUNCT
cblr-7157	993	17	their	their	PRON
cblr-7157	993	18	analysis	analysis	NOUN
cblr-7157	993	19	provides	provide	VERB
cblr-7157	993	20	important	important	ADJ
cblr-7157	993	21	support	support	NOUN
cblr-7157	993	22	for	for	ADP
cblr-7157	993	23	this	this	DET
cblr-7157	993	24	emerging	emerge	VERB
cblr-7157	993	25	property	property	NOUN
cblr-7157	993	26	view	view	NOUN
cblr-7157	993	27	.	.	PUNCT
cblr-7157	994	1	similarly	similarly	ADV
cblr-7157	994	2	,	,	PUNCT
cblr-7157	994	3	a	a	DET
cblr-7157	994	4	recent	recent	ADJ
cblr-7157	994	5	contribution	contribution	NOUN
cblr-7157	994	6	by	by	ADP
cblr-7157	994	7	morgan	morgan	PROPN
cblr-7157	994	8	ricks	ricks	PROPN
cblr-7157	994	9	regards	regard	VERB
cblr-7157	994	10	another	another	DET
cblr-7157	994	11	important	important	ADJ
cblr-7157	994	12	part	part	NOUN
cblr-7157	994	13	of	of	ADP
cblr-7157	994	14	organizational	organizational	ADJ
cblr-7157	994	15	law	law	NOUN
cblr-7157	994	16	as	as	ADP
cblr-7157	994	17	“	"	PUNCT
cblr-7157	994	18	property	property	NOUN
cblr-7157	994	19	relinquishment	relinquishment	NOUN
cblr-7157	994	20	.	.	PUNCT
cblr-7157	994	21	”229	”229	PUNCT
cblr-7157	995	1	a	a	DET
cblr-7157	995	2	complement	complement	NOUN
cblr-7157	995	3	to	to	ADP
cblr-7157	995	4	the	the	DET
cblr-7157	995	5	asset	asset	NOUN
cblr-7157	995	6	partitioning	partition	VERB
cblr-7157	995	7	“	"	PUNCT
cblr-7157	995	8	organizational	organizational	ADJ
cblr-7157	995	9	law	law	NOUN
cblr-7157	995	10	is	be	AUX
cblr-7157	995	11	property	property	NOUN
cblr-7157	995	12	law	law	NOUN
cblr-7157	995	13	,	,	PUNCT
cblr-7157	995	14	not	not	PART
cblr-7157	995	15	contract	contract	NOUN
cblr-7157	995	16	law	law	NOUN
cblr-7157	995	17	”	"	PUNCT
cblr-7157	995	18	on	on	ADP
cblr-7157	995	19	the	the	DET
cblr-7157	995	20	basis	basis	NOUN
cblr-7157	995	21	of	of	ADP
cblr-7157	995	22	the	the	DET
cblr-7157	995	23	“	"	PUNCT
cblr-7157	995	24	mutual	mutual	ADJ
cblr-7157	995	25	exclusivity	exclusivity	NOUN
cblr-7157	995	26	”	"	PUNCT
cblr-7157	995	27	principle	principle	NOUN
cblr-7157	995	28	of	of	ADP
cblr-7157	995	29	property	property	NOUN
cblr-7157	995	30	)	)	PUNCT
cblr-7157	995	31	.	.	PUNCT
cblr-7157	996	1	224	224	NUM
cblr-7157	996	2	see	see	VERB
cblr-7157	996	3	,	,	PUNCT
cblr-7157	996	4	e.g.	e.g.	ADV
cblr-7157	996	5	,	,	PUNCT
cblr-7157	996	6	hansmann	hansmann	PROPN
cblr-7157	996	7	&	&	CCONJ
cblr-7157	996	8	kraakman	kraakman	PROPN
cblr-7157	996	9	,	,	PUNCT
cblr-7157	996	10	supra	supra	PROPN
cblr-7157	996	11	note	note	NOUN
cblr-7157	996	12	189	189	NUM
cblr-7157	996	13	,	,	PUNCT
cblr-7157	996	14	at	at	ADP
cblr-7157	996	15	393	393	NUM
cblr-7157	996	16	.	.	PUNCT
cblr-7157	996	17	225	225	NUM
cblr-7157	996	18	john	john	PROPN
cblr-7157	996	19	armour	armour	PROPN
cblr-7157	996	20	&	&	CCONJ
cblr-7157	996	21	michael	michael	PROPN
cblr-7157	996	22	j.	j.	PROPN
cblr-7157	996	23	whincop	whincop	PROPN
cblr-7157	996	24	,	,	PUNCT
cblr-7157	996	25	the	the	DET
cblr-7157	996	26	proprietary	proprietary	ADJ
cblr-7157	996	27	foundations	foundation	NOUN
cblr-7157	996	28	of	of	ADP
cblr-7157	996	29	corporate	corporate	ADJ
cblr-7157	996	30	law	law	NOUN
cblr-7157	996	31	,	,	PUNCT
cblr-7157	996	32	27	27	NUM
cblr-7157	996	33	oxford	oxford	NOUN
cblr-7157	996	34	j.	j.	PROPN
cblr-7157	996	35	legal	legal	ADJ
cblr-7157	996	36	stud	stud	NOUN
cblr-7157	996	37	.	.	PUNCT
cblr-7157	997	1	429	429	NUM
cblr-7157	997	2	,	,	PUNCT
cblr-7157	997	3	449	449	NUM
cblr-7157	997	4	(	(	PUNCT
cblr-7157	997	5	2007	2007	NUM
cblr-7157	997	6	)	)	PUNCT
cblr-7157	997	7	.	.	PUNCT
cblr-7157	998	1	226	226	NUM
cblr-7157	998	2	see	see	VERB
cblr-7157	998	3	lehavi	lehavi	NOUN
cblr-7157	998	4	,	,	PUNCT
cblr-7157	998	5	supra	supra	PROPN
cblr-7157	998	6	note	note	NOUN
cblr-7157	998	7	162	162	NUM
cblr-7157	998	8	,	,	PUNCT
cblr-7157	998	9	at	at	ADP
cblr-7157	998	10	186	186	NUM
cblr-7157	998	11	(	(	PUNCT
cblr-7157	998	12	“	"	PUNCT
cblr-7157	998	13	[	[	X
cblr-7157	998	14	c]orporate	c]orporate	ADJ
cblr-7157	998	15	theory	theory	NOUN
cblr-7157	998	16	has	have	AUX
cblr-7157	998	17	gradually	gradually	ADV
cblr-7157	998	18	shifted	shift	VERB
cblr-7157	998	19	from	from	ADP
cblr-7157	998	20	a	a	DET
cblr-7157	998	21	contract	contract	NOUN
cblr-7157	998	22	-	-	PUNCT
cblr-7157	998	23	based	base	VERB
cblr-7157	998	24	analysis	analysis	NOUN
cblr-7157	998	25	to	to	ADP
cblr-7157	998	26	one	one	NUM
cblr-7157	998	27	that	that	PRON
cblr-7157	998	28	investigates	investigate	VERB
cblr-7157	998	29	the	the	DET
cblr-7157	998	30	role	role	NOUN
cblr-7157	998	31	that	that	PRON
cblr-7157	998	32	property	property	NOUN
cblr-7157	998	33	rights	right	NOUN
cblr-7157	998	34	play	play	VERB
cblr-7157	998	35	in	in	ADP
cblr-7157	998	36	the	the	DET
cblr-7157	998	37	structure	structure	NOUN
cblr-7157	998	38	of	of	ADP
cblr-7157	998	39	the	the	DET
cblr-7157	998	40	firm	firm	NOUN
cblr-7157	998	41	.	.	PUNCT
cblr-7157	998	42	.	.	PUNCT
cblr-7157	998	43	.	.	PUNCT
cblr-7157	998	44	.	.	PUNCT
cblr-7157	998	45	”	"	PUNCT
cblr-7157	998	46	)	)	PUNCT
cblr-7157	998	47	.	.	PUNCT
cblr-7157	999	1	227	227	NUM
cblr-7157	999	2	armour	armour	NOUN
cblr-7157	999	3	&	&	CCONJ
cblr-7157	999	4	whincop	whincop	PROPN
cblr-7157	999	5	,	,	PUNCT
cblr-7157	999	6	supra	supra	PROPN
cblr-7157	999	7	note	note	NOUN
cblr-7157	999	8	225	225	NUM
cblr-7157	999	9	,	,	PUNCT
cblr-7157	999	10	at	at	ADP
cblr-7157	999	11	463	463	NUM
cblr-7157	999	12	(	(	PUNCT
cblr-7157	999	13	“	"	PUNCT
cblr-7157	999	14	the	the	DET
cblr-7157	999	15	range	range	NOUN
cblr-7157	999	16	of	of	ADP
cblr-7157	999	17	rules	rule	NOUN
cblr-7157	999	18	thereby	thereby	ADV
cblr-7157	999	19	included	include	VERB
cblr-7157	999	20	[	[	PUNCT
cblr-7157	999	21	in	in	ADP
cblr-7157	999	22	the	the	DET
cblr-7157	999	23	proprietary	proprietary	ADJ
cblr-7157	999	24	foundations	foundation	NOUN
cblr-7157	999	25	of	of	ADP
cblr-7157	999	26	corporate	corporate	ADJ
cblr-7157	999	27	law	law	NOUN
cblr-7157	999	28	]	]	PUNCT
cblr-7157	999	29	is	be	AUX
cblr-7157	999	30	,	,	PUNCT
cblr-7157	999	31	we	we	PRON
cblr-7157	999	32	consider	consider	VERB
cblr-7157	999	33	,	,	PUNCT
cblr-7157	999	34	significantly	significantly	ADV
cblr-7157	999	35	broader	broad	ADJ
cblr-7157	999	36	than	than	ADP
cblr-7157	999	37	the	the	DET
cblr-7157	999	38	notion	notion	NOUN
cblr-7157	999	39	of	of	ADP
cblr-7157	999	40	‘	'	PUNCT
cblr-7157	999	41	affirmative	affirmative	ADJ
cblr-7157	999	42	asset	asset	NOUN
cblr-7157	999	43	partitioning	partitioning	NOUN
cblr-7157	999	44	’	'	PUNCT
cblr-7157	999	45	developed	develop	VERB
cblr-7157	999	46	by	by	ADP
cblr-7157	999	47	hansmann	hansmann	NOUN
cblr-7157	999	48	and	and	CCONJ
cblr-7157	999	49	kraakman	kraakman	NOUN
cblr-7157	999	50	.	.	PUNCT
cblr-7157	999	51	”	"	PUNCT
cblr-7157	999	52	)	)	PUNCT
cblr-7157	999	53	.	.	PUNCT
cblr-7157	1000	1	228	228	NUM
cblr-7157	1001	1	i	i	PRON
cblr-7157	1001	2	d.	d.	NOUN
cblr-7157	1001	3	at	at	ADP
cblr-7157	1001	4	449	449	NUM
cblr-7157	1001	5	n.79	n.79	NOUN
cblr-7157	1001	6	.	.	PROPN
cblr-7157	1001	7	229	229	NUM
cblr-7157	1001	8	ricks	rick	NOUN
cblr-7157	1001	9	,	,	PUNCT
cblr-7157	1001	10	supra	supra	PROPN
cblr-7157	1001	11	note	note	PROPN
cblr-7157	1001	12	201	201	NUM
cblr-7157	1001	13	,	,	PUNCT
cblr-7157	1001	14	at	at	ADP
cblr-7157	1001	15	1306	1306	NUM
cblr-7157	1001	16	.	.	PUNCT
cblr-7157	1002	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1002	2	(	(	PUNCT
cblr-7157	1002	3	do	do	AUX
cblr-7157	1002	4	not	not	PART
cblr-7157	1002	5	delte	delte	VERB
cblr-7157	1002	6	)	)	PUNCT
cblr-7157	1002	7	10/2/2020	10/2/2020	NUM
cblr-7157	1002	8	11:44	11:44	NUM
cblr-7157	1002	9	am	am	NOUN
cblr-7157	1002	10	66	66	NUM
cblr-7157	1002	11	columbia	columbia	PROPN
cblr-7157	1002	12	business	business	NOUN
cblr-7157	1002	13	law	law	NOUN
cblr-7157	1002	14	review	review	NOUN
cblr-7157	1002	15	[	[	X
cblr-7157	1002	16	vol	vol	NOUN
cblr-7157	1002	17	.	.	PUNCT
cblr-7157	1002	18	2020	2020	NUM
cblr-7157	1002	19	concept	concept	NOUN
cblr-7157	1002	20	introduced	introduce	VERB
cblr-7157	1002	21	by	by	ADP
cblr-7157	1002	22	hansmann	hansmann	NOUN
cblr-7157	1002	23	and	and	CCONJ
cblr-7157	1002	24	kraakman	kraakman	ADJ
cblr-7157	1002	25	,	,	PUNCT
cblr-7157	1002	26	property	property	NOUN
cblr-7157	1002	27	relinquishment	relinquishment	NOUN
cblr-7157	1002	28	deals	deal	VERB
cblr-7157	1002	29	with	with	ADP
cblr-7157	1002	30	the	the	DET
cblr-7157	1002	31	relations	relation	NOUN
cblr-7157	1002	32	among	among	ADP
cblr-7157	1002	33	co	co	NOUN
cblr-7157	1002	34	-	-	NOUN
cblr-7157	1002	35	owners	owner	NOUN
cblr-7157	1002	36	themselves.230	themselves.230	X
cblr-7157	1002	37	and	and	CCONJ
cblr-7157	1002	38	like	like	ADP
cblr-7157	1002	39	asset	asset	NOUN
cblr-7157	1002	40	partitioning	partitioning	NOUN
cblr-7157	1002	41	,	,	PUNCT
cblr-7157	1002	42	it	it	PRON
cblr-7157	1002	43	can	can	AUX
cblr-7157	1002	44	not	not	PART
cblr-7157	1002	45	not	not	PART
cblr-7157	1002	46	be	be	AUX
cblr-7157	1002	47	replicated	replicate	VERB
cblr-7157	1002	48	through	through	ADP
cblr-7157	1002	49	contract.231	contract.231	PROPN
cblr-7157	1002	50	one	one	PRON
cblr-7157	1002	51	could	could	AUX
cblr-7157	1002	52	argue	argue	VERB
cblr-7157	1002	53	that	that	SCONJ
cblr-7157	1002	54	professor	professor	NOUN
cblr-7157	1002	55	ricks	rick	NOUN
cblr-7157	1002	56	,	,	PUNCT
cblr-7157	1002	57	in	in	ADP
cblr-7157	1002	58	his	his	PRON
cblr-7157	1002	59	account	account	NOUN
cblr-7157	1002	60	of	of	ADP
cblr-7157	1002	61	property	property	NOUN
cblr-7157	1002	62	relinquishment	relinquishment	NOUN
cblr-7157	1002	63	,	,	PUNCT
cblr-7157	1002	64	describes	describe	VERB
cblr-7157	1002	65	a	a	DET
cblr-7157	1002	66	form	form	NOUN
cblr-7157	1002	67	of	of	ADP
cblr-7157	1002	68	“	"	PUNCT
cblr-7157	1002	69	property	property	NOUN
cblr-7157	1002	70	transmutation	transmutation	NOUN
cblr-7157	1002	71	,	,	PUNCT
cblr-7157	1002	72	”	"	PUNCT
cblr-7157	1002	73	not	not	PART
cblr-7157	1002	74	unlike	unlike	ADP
cblr-7157	1002	75	what	what	PRON
cblr-7157	1002	76	is	be	AUX
cblr-7157	1002	77	discussed	discuss	VERB
cblr-7157	1002	78	in	in	ADP
cblr-7157	1002	79	this	this	DET
cblr-7157	1002	80	article	article	NOUN
cblr-7157	1002	81	.	.	PUNCT
cblr-7157	1003	1	an	an	DET
cblr-7157	1003	2	even	even	ADV
cblr-7157	1003	3	more	more	ADV
cblr-7157	1003	4	recent	recent	ADJ
cblr-7157	1003	5	scholarly	scholarly	ADJ
cblr-7157	1003	6	analysis	analysis	NOUN
cblr-7157	1003	7	by	by	ADP
cblr-7157	1003	8	eldar	eldar	NOUN
cblr-7157	1003	9	and	and	CCONJ
cblr-7157	1003	10	verstein	verstein	NOUN
cblr-7157	1003	11	refines	refine	VERB
cblr-7157	1003	12	the	the	DET
cblr-7157	1003	13	hansmann	hansmann	NOUN
cblr-7157	1003	14	and	and	CCONJ
cblr-7157	1003	15	kraakman	kraakman	NOUN
cblr-7157	1003	16	framework	framework	NOUN
cblr-7157	1003	17	to	to	PART
cblr-7157	1003	18	identify	identify	VERB
cblr-7157	1003	19	the	the	DET
cblr-7157	1003	20	distinctive	distinctive	ADJ
cblr-7157	1003	21	features	feature	NOUN
cblr-7157	1003	22	of	of	ADP
cblr-7157	1003	23	security	security	NOUN
cblr-7157	1003	24	interests	interest	NOUN
cblr-7157	1003	25	as	as	ADP
cblr-7157	1003	26	compared	compare	VERB
cblr-7157	1003	27	to	to	ADP
cblr-7157	1003	28	business	business	NOUN
cblr-7157	1003	29	organizations.232	organizations.232	NUM
cblr-7157	1003	30	security	security	NOUN
cblr-7157	1003	31	interests	interest	NOUN
cblr-7157	1003	32	,	,	PUNCT
cblr-7157	1003	33	like	like	ADP
cblr-7157	1003	34	corporations	corporation	NOUN
cblr-7157	1003	35	,	,	PUNCT
cblr-7157	1003	36	straddle	straddle	VERB
cblr-7157	1003	37	the	the	DET
cblr-7157	1003	38	border	border	NOUN
cblr-7157	1003	39	between	between	ADP
cblr-7157	1003	40	property	property	NOUN
cblr-7157	1003	41	and	and	CCONJ
cblr-7157	1003	42	contract	contract	NOUN
cblr-7157	1003	43	.	.	PUNCT
cblr-7157	1004	1	eldar	eldar	NOUN
cblr-7157	1004	2	and	and	CCONJ
cblr-7157	1004	3	verstein	verstein	NOUN
cblr-7157	1004	4	show	show	VERB
cblr-7157	1004	5	that	that	SCONJ
cblr-7157	1004	6	security	security	NOUN
cblr-7157	1004	7	interests	interest	NOUN
cblr-7157	1004	8	can	can	AUX
cblr-7157	1004	9	not	not	PART
cblr-7157	1004	10	replicate	replicate	VERB
cblr-7157	1004	11	the	the	DET
cblr-7157	1004	12	features	feature	NOUN
cblr-7157	1004	13	of	of	ADP
cblr-7157	1004	14	these	these	DET
cblr-7157	1004	15	entities,233	entities,233	NOUN
cblr-7157	1004	16	suggesting	suggest	VERB
cblr-7157	1004	17	that	that	SCONJ
cblr-7157	1004	18	the	the	DET
cblr-7157	1004	19	property	property	NOUN
cblr-7157	1004	20	nature	nature	NOUN
cblr-7157	1004	21	of	of	ADP
cblr-7157	1004	22	business	business	NOUN
cblr-7157	1004	23	associations	association	NOUN
cblr-7157	1004	24	is	be	AUX
cblr-7157	1004	25	even	even	ADV
cblr-7157	1004	26	more	more	ADV
cblr-7157	1004	27	robust	robust	ADJ
cblr-7157	1004	28	than	than	ADP
cblr-7157	1004	29	that	that	PRON
cblr-7157	1004	30	of	of	ADP
cblr-7157	1004	31	security	security	NOUN
cblr-7157	1004	32	interests	interest	NOUN
cblr-7157	1004	33	.	.	PUNCT
cblr-7157	1005	1	these	these	DET
cblr-7157	1005	2	contributions	contribution	NOUN
cblr-7157	1005	3	in	in	ADP
cblr-7157	1005	4	the	the	DET
cblr-7157	1005	5	new	new	ADJ
cblr-7157	1005	6	property	property	NOUN
cblr-7157	1005	7	literature	literature	NOUN
cblr-7157	1005	8	identify	identify	VERB
cblr-7157	1005	9	specific	specific	ADJ
cblr-7157	1005	10	aspects	aspect	NOUN
cblr-7157	1005	11	of	of	ADP
cblr-7157	1005	12	organizational	organizational	ADJ
cblr-7157	1005	13	law	law	NOUN
cblr-7157	1005	14	that	that	PRON
cblr-7157	1005	15	join	join	VERB
cblr-7157	1005	16	affirmative	affirmative	ADJ
cblr-7157	1005	17	asset	asset	NOUN
cblr-7157	1005	18	partitioning	partition	VERB
cblr-7157	1005	19	as	as	SCONJ
cblr-7157	1005	20	features	feature	NOUN
cblr-7157	1005	21	not	not	PART
cblr-7157	1005	22	replicable	replicable	ADJ
cblr-7157	1005	23	by	by	ADP
cblr-7157	1005	24	contract	contract	NOUN
cblr-7157	1005	25	.	.	PUNCT
cblr-7157	1006	1	in	in	ADP
cblr-7157	1006	2	a	a	DET
cblr-7157	1006	3	sense	sense	NOUN
cblr-7157	1006	4	,	,	PUNCT
cblr-7157	1006	5	these	these	PRON
cblr-7157	1006	6	are	be	AUX
cblr-7157	1006	7	all	all	PRON
cblr-7157	1006	8	subcategories	subcategorie	NOUN
cblr-7157	1006	9	of	of	ADP
cblr-7157	1006	10	the	the	DET
cblr-7157	1006	11	general	general	ADJ
cblr-7157	1006	12	point	point	NOUN
cblr-7157	1006	13	made	make	VERB
cblr-7157	1006	14	in	in	ADP
cblr-7157	1006	15	this	this	DET
cblr-7157	1006	16	article	article	NOUN
cblr-7157	1006	17	,	,	PUNCT
cblr-7157	1006	18	that	that	SCONJ
cblr-7157	1006	19	organizational	organizational	ADJ
cblr-7157	1006	20	law	law	NOUN
cblr-7157	1006	21	in	in	ADP
cblr-7157	1006	22	general	general	ADJ
cblr-7157	1006	23	,	,	PUNCT
cblr-7157	1006	24	and	and	CCONJ
cblr-7157	1006	25	corporate	corporate	ADJ
cblr-7157	1006	26	law	law	NOUN
cblr-7157	1006	27	in	in	ADP
cblr-7157	1006	28	particular	particular	ADJ
cblr-7157	1006	29	,	,	PUNCT
cblr-7157	1006	30	is	be	AUX
cblr-7157	1006	31	a	a	DET
cblr-7157	1006	32	device	device	NOUN
cblr-7157	1006	33	for	for	ADP
cblr-7157	1006	34	“	"	PUNCT
cblr-7157	1006	35	in	in	ADP
cblr-7157	1006	36	rem	rem	NOUN
cblr-7157	1006	37	-	-	ADJ
cblr-7157	1006	38	ifying	ifying	ADJ
cblr-7157	1006	39	”	"	PUNCT
cblr-7157	1006	40	disparate	disparate	ADJ
cblr-7157	1006	41	assemblages	assemblage	NOUN
cblr-7157	1006	42	of	of	ADP
cblr-7157	1006	43	assets	asset	NOUN
cblr-7157	1006	44	.	.	PUNCT
cblr-7157	1007	1	the	the	DET
cblr-7157	1007	2	most	most	ADV
cblr-7157	1007	3	important	important	ADJ
cblr-7157	1007	4	attributes	attribute	NOUN
cblr-7157	1007	5	of	of	ADP
cblr-7157	1007	6	the	the	DET
cblr-7157	1007	7	corporation	corporation	NOUN
cblr-7157	1007	8	—	—	PUNCT
cblr-7157	1007	9	limited	limited	ADJ
cblr-7157	1007	10	liability	liability	NOUN
cblr-7157	1007	11	,	,	PUNCT
cblr-7157	1007	12	free	free	ADJ
cblr-7157	1007	13	transferability	transferability	NOUN
cblr-7157	1007	14	,	,	PUNCT
cblr-7157	1007	15	perpetual	perpetual	ADJ
cblr-7157	1007	16	life	life	NOUN
cblr-7157	1007	17	,	,	PUNCT
cblr-7157	1007	18	and	and	CCONJ
cblr-7157	1007	19	the	the	DET
cblr-7157	1007	20	managerial	managerial	ADJ
cblr-7157	1007	21	prerogative	prerogative	NOUN
cblr-7157	1007	22	of	of	ADP
cblr-7157	1007	23	its	its	PRON
cblr-7157	1007	24	board	board	NOUN
cblr-7157	1007	25	of	of	ADP
cblr-7157	1007	26	directors	director	NOUN
cblr-7157	1007	27	—	—	PUNCT
cblr-7157	1007	28	are	be	AUX
cblr-7157	1007	29	all	all	PRON
cblr-7157	1007	30	parts	part	NOUN
cblr-7157	1007	31	of	of	ADP
cblr-7157	1007	32	the	the	DET
cblr-7157	1007	33	in	in	ADP
cblr-7157	1007	34	rem	rem	VERB
cblr-7157	1007	35	property	property	NOUN
cblr-7157	1007	36	nature	nature	NOUN
cblr-7157	1007	37	of	of	ADP
cblr-7157	1007	38	the	the	DET
cblr-7157	1007	39	corporation	corporation	NOUN
cblr-7157	1007	40	.	.	PUNCT
cblr-7157	1008	1	d.	d.	PROPN
cblr-7157	1008	2	the	the	DET
cblr-7157	1008	3	property	property	NOUN
cblr-7157	1008	4	-	-	PUNCT
cblr-7157	1008	5	fiduciary	fiduciary	ADJ
cblr-7157	1008	6	connection	connection	NOUN
cblr-7157	1008	7	to	to	ADP
cblr-7157	1008	8	this	this	DET
cblr-7157	1008	9	point	point	NOUN
cblr-7157	1008	10	,	,	PUNCT
cblr-7157	1008	11	the	the	DET
cblr-7157	1008	12	analysis	analysis	NOUN
cblr-7157	1008	13	in	in	ADP
cblr-7157	1008	14	this	this	DET
cblr-7157	1008	15	article	article	NOUN
cblr-7157	1008	16	has	have	AUX
cblr-7157	1008	17	sought	seek	VERB
cblr-7157	1008	18	to	to	PART
cblr-7157	1008	19	show	show	VERB
cblr-7157	1008	20	the	the	DET
cblr-7157	1008	21	existence	existence	NOUN
cblr-7157	1008	22	of	of	ADP
cblr-7157	1008	23	property	property	NOUN
cblr-7157	1008	24	interests	interest	NOUN
cblr-7157	1008	25	in	in	ADP
cblr-7157	1008	26	the	the	DET
cblr-7157	1008	27	corporation	corporation	NOUN
cblr-7157	1008	28	and	and	CCONJ
cblr-7157	1008	29	to	to	PART
cblr-7157	1008	30	begin	begin	VERB
cblr-7157	1008	31	to	to	PART
cblr-7157	1008	32	demarcate	demarcate	VERB
cblr-7157	1008	33	the	the	DET
cblr-7157	1008	34	boundaries	boundary	NOUN
cblr-7157	1008	35	between	between	ADP
cblr-7157	1008	36	those	those	DET
cblr-7157	1008	37	property	property	NOUN
cblr-7157	1008	38	interests	interest	NOUN
cblr-7157	1008	39	and	and	CCONJ
cblr-7157	1008	40	contract	contract	NOUN
cblr-7157	1008	41	interests	interest	NOUN
cblr-7157	1008	42	.	.	PUNCT
cblr-7157	1009	1	this	this	DET
cblr-7157	1009	2	section	section	NOUN
cblr-7157	1009	3	shows	show	VERB
cblr-7157	1009	4	that	that	SCONJ
cblr-7157	1009	5	those	those	DET
cblr-7157	1009	6	property	property	NOUN
cblr-7157	1009	7	interests	interest	NOUN
cblr-7157	1009	8	connect	connect	VERB
cblr-7157	1009	9	both	both	CCONJ
cblr-7157	1009	10	directly	directly	ADV
cblr-7157	1009	11	and	and	CCONJ
cblr-7157	1009	12	indirectly	indirectly	ADV
cblr-7157	1009	13	to	to	ADP
cblr-7157	1009	14	the	the	DET
cblr-7157	1009	15	fiduciary	fiduciary	ADJ
cblr-7157	1009	16	duties	duty	NOUN
cblr-7157	1009	17	of	of	ADP
cblr-7157	1009	18	directors	director	NOUN
cblr-7157	1009	19	in	in	ADP
cblr-7157	1009	20	the	the	DET
cblr-7157	1009	21	corporation	corporation	NOUN
cblr-7157	1009	22	.	.	PUNCT
cblr-7157	1010	1	this	this	DET
cblr-7157	1010	2	230	230	NUM
cblr-7157	1010	3	i	i	PRON
cblr-7157	1010	4	d.	d.	PROPN
cblr-7157	1010	5	at	at	ADP
cblr-7157	1010	6	1351	1351	NUM
cblr-7157	1010	7	.	.	PUNCT
cblr-7157	1011	1	231	231	NUM
cblr-7157	1012	1	i	i	PRON
cblr-7157	1012	2	d.	d.	PROPN
cblr-7157	1012	3	at	at	ADP
cblr-7157	1012	4	1309	1309	NUM
cblr-7157	1012	5	.	.	PUNCT
cblr-7157	1013	1	232	232	NUM
cblr-7157	1013	2	ofer	ofer	VERB
cblr-7157	1013	3	eldar	eldar	PROPN
cblr-7157	1013	4	&	&	CCONJ
cblr-7157	1013	5	andrew	andrew	PROPN
cblr-7157	1013	6	verstein	verstein	PROPN
cblr-7157	1013	7	,	,	PUNCT
cblr-7157	1013	8	the	the	DET
cblr-7157	1013	9	enduring	endure	VERB
cblr-7157	1013	10	distinction	distinction	NOUN
cblr-7157	1013	11	between	between	ADP
cblr-7157	1013	12	business	business	NOUN
cblr-7157	1013	13	entities	entity	NOUN
cblr-7157	1013	14	and	and	CCONJ
cblr-7157	1013	15	security	security	NOUN
cblr-7157	1013	16	interests	interest	NOUN
cblr-7157	1013	17	,	,	PUNCT
cblr-7157	1013	18	92	92	NUM
cblr-7157	1013	19	s.	s.	PROPN
cblr-7157	1013	20	cal	cal	PROPN
cblr-7157	1013	21	.	.	PUNCT
cblr-7157	1014	1	l.	l.	PROPN
cblr-7157	1014	2	rev	rev	PROPN
cblr-7157	1014	3	.	.	PROPN
cblr-7157	1014	4	213	213	NUM
cblr-7157	1014	5	,	,	PUNCT
cblr-7157	1014	6	218	218	NUM
cblr-7157	1014	7	(	(	PUNCT
cblr-7157	1014	8	2019	2019	NUM
cblr-7157	1014	9	)	)	PUNCT
cblr-7157	1014	10	.	.	PUNCT
cblr-7157	1015	1	233	233	NUM
cblr-7157	1016	1	i	i	PRON
cblr-7157	1016	2	d.	d.	PROPN
cblr-7157	1016	3	at	at	ADP
cblr-7157	1016	4	218	218	NUM
cblr-7157	1016	5	,	,	PUNCT
cblr-7157	1016	6	270	270	NUM
cblr-7157	1016	7	.	.	PUNCT
cblr-7157	1017	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1017	2	(	(	PUNCT
cblr-7157	1017	3	do	do	AUX
cblr-7157	1017	4	not	not	PART
cblr-7157	1017	5	delete	delete	VERB
cblr-7157	1017	6	)	)	PUNCT
cblr-7157	1017	7	10/2/2020	10/2/2020	NUM
cblr-7157	1017	8	11:44	11:44	NUM
cblr-7157	1017	9	am	be	AUX
cblr-7157	1017	10	no	no	NOUN
cblr-7157	1017	11	.	.	PUNCT
cblr-7157	1017	12	1:1	1:1	NUM
cblr-7157	1017	13	]	]	X
cblr-7157	1017	14	a	a	DET
cblr-7157	1017	15	property	property	NOUN
cblr-7157	1017	16	theory	theory	NOUN
cblr-7157	1017	17	67	67	NUM
cblr-7157	1017	18	connection	connection	NOUN
cblr-7157	1017	19	sets	set	VERB
cblr-7157	1017	20	the	the	DET
cblr-7157	1017	21	stage	stage	NOUN
cblr-7157	1017	22	for	for	ADP
cblr-7157	1017	23	part	part	NOUN
cblr-7157	1017	24	iv	iv	NOUN
cblr-7157	1017	25	,	,	PUNCT
cblr-7157	1017	26	which	which	PRON
cblr-7157	1017	27	shows	show	VERB
cblr-7157	1017	28	that	that	SCONJ
cblr-7157	1017	29	those	those	DET
cblr-7157	1017	30	property	property	NOUN
cblr-7157	1017	31	interests	interest	NOUN
cblr-7157	1017	32	in	in	ADP
cblr-7157	1017	33	the	the	DET
cblr-7157	1017	34	corporation	corporation	NOUN
cblr-7157	1017	35	are	be	AUX
cblr-7157	1017	36	residual	residual	ADJ
cblr-7157	1017	37	interests	interest	NOUN
cblr-7157	1017	38	,	,	PUNCT
cblr-7157	1017	39	but	but	CCONJ
cblr-7157	1017	40	a	a	DET
cblr-7157	1017	41	different	different	ADJ
cblr-7157	1017	42	type	type	NOUN
cblr-7157	1017	43	of	of	ADP
cblr-7157	1017	44	residual	residual	ADJ
cblr-7157	1017	45	interest	interest	NOUN
cblr-7157	1017	46	from	from	ADP
cblr-7157	1017	47	those	those	PRON
cblr-7157	1017	48	in	in	ADP
cblr-7157	1017	49	the	the	DET
cblr-7157	1017	50	law	law	NOUN
cblr-7157	1017	51	and	and	CCONJ
cblr-7157	1017	52	economics	economic	NOUN
cblr-7157	1017	53	“	"	PUNCT
cblr-7157	1017	54	residual	residual	ADJ
cblr-7157	1017	55	claimant	claimant	NOUN
cblr-7157	1017	56	”	"	PUNCT
cblr-7157	1017	57	analysis	analysis	NOUN
cblr-7157	1017	58	.	.	PUNCT
cblr-7157	1018	1	thus	thus	ADV
cblr-7157	1018	2	,	,	PUNCT
cblr-7157	1018	3	the	the	DET
cblr-7157	1018	4	argument	argument	NOUN
cblr-7157	1018	5	that	that	PRON
cblr-7157	1018	6	spans	span	VERB
cblr-7157	1018	7	this	this	DET
cblr-7157	1018	8	section	section	NOUN
cblr-7157	1018	9	and	and	CCONJ
cblr-7157	1018	10	part	part	NOUN
cblr-7157	1018	11	iv	iv	NUM
cblr-7157	1018	12	is	be	AUX
cblr-7157	1018	13	that	that	SCONJ
cblr-7157	1018	14	fiduciary	fiduciary	ADJ
cblr-7157	1018	15	duties	duty	NOUN
cblr-7157	1018	16	arise	arise	VERB
cblr-7157	1018	17	not	not	PART
cblr-7157	1018	18	from	from	ADP
cblr-7157	1018	19	the	the	DET
cblr-7157	1018	20	fact	fact	NOUN
cblr-7157	1018	21	that	that	SCONJ
cblr-7157	1018	22	common	common	ADJ
cblr-7157	1018	23	shareholders	shareholder	NOUN
cblr-7157	1018	24	typically	typically	ADV
cblr-7157	1018	25	hold	hold	VERB
cblr-7157	1018	26	the	the	DET
cblr-7157	1018	27	economic	economic	ADJ
cblr-7157	1018	28	residual	residual	ADJ
cblr-7157	1018	29	,	,	PUNCT
cblr-7157	1018	30	but	but	CCONJ
cblr-7157	1018	31	because	because	SCONJ
cblr-7157	1018	32	they	they	PRON
cblr-7157	1018	33	hold	hold	VERB
cblr-7157	1018	34	residual	residual	ADJ
cblr-7157	1018	35	control	control	NOUN
cblr-7157	1018	36	.	.	PUNCT
cblr-7157	1019	1	as	as	SCONJ
cblr-7157	1019	2	discussed	discuss	VERB
cblr-7157	1019	3	above	above	ADV
cblr-7157	1019	4	,	,	PUNCT
cblr-7157	1019	5	the	the	DET
cblr-7157	1019	6	contractarian	contractarian	ADJ
cblr-7157	1019	7	conception	conception	NOUN
cblr-7157	1019	8	of	of	ADP
cblr-7157	1019	9	the	the	DET
cblr-7157	1019	10	corporation	corporation	NOUN
cblr-7157	1019	11	struggles	struggle	VERB
cblr-7157	1019	12	to	to	PART
cblr-7157	1019	13	account	account	VERB
cblr-7157	1019	14	for	for	ADP
cblr-7157	1019	15	fiduciary	fiduciary	ADJ
cblr-7157	1019	16	duties	duty	NOUN
cblr-7157	1019	17	because	because	SCONJ
cblr-7157	1019	18	such	such	ADJ
cblr-7157	1019	19	duties	duty	NOUN
cblr-7157	1019	20	do	do	AUX
cblr-7157	1019	21	not	not	PART
cblr-7157	1019	22	typically	typically	ADV
cblr-7157	1019	23	arise	arise	VERB
cblr-7157	1019	24	in	in	ADP
cblr-7157	1019	25	contract	contract	NOUN
cblr-7157	1019	26	and	and	CCONJ
cblr-7157	1019	27	do	do	AUX
cblr-7157	1019	28	not	not	PART
cblr-7157	1019	29	attach	attach	VERB
cblr-7157	1019	30	to	to	ADP
cblr-7157	1019	31	other	other	ADJ
cblr-7157	1019	32	parties	party	NOUN
cblr-7157	1019	33	’	'	PUNCT
cblr-7157	1019	34	discretionary	discretionary	NOUN
cblr-7157	1019	35	decisions.234	decisions.234	ADJ
cblr-7157	1019	36	in	in	ADP
cblr-7157	1019	37	contrast	contrast	NOUN
cblr-7157	1019	38	to	to	ADP
cblr-7157	1019	39	contracts	contract	NOUN
cblr-7157	1019	40	,	,	PUNCT
cblr-7157	1019	41	which	which	PRON
cblr-7157	1019	42	generally	generally	ADV
cblr-7157	1019	43	do	do	AUX
cblr-7157	1019	44	not	not	PART
cblr-7157	1019	45	give	give	VERB
cblr-7157	1019	46	rise	rise	NOUN
cblr-7157	1019	47	to	to	ADP
cblr-7157	1019	48	fiduciary	fiduciary	ADJ
cblr-7157	1019	49	duties	duty	NOUN
cblr-7157	1019	50	,	,	PUNCT
cblr-7157	1019	51	there	there	PRON
cblr-7157	1019	52	are	be	VERB
cblr-7157	1019	53	two	two	NUM
cblr-7157	1019	54	common	common	ADJ
cblr-7157	1019	55	contexts	context	NOUN
cblr-7157	1019	56	closely	closely	ADV
cblr-7157	1019	57	related	relate	VERB
cblr-7157	1019	58	to	to	ADP
cblr-7157	1019	59	the	the	DET
cblr-7157	1019	60	corporate	corporate	ADJ
cblr-7157	1019	61	law	law	NOUN
cblr-7157	1019	62	setting	set	VERB
cblr-7157	1019	63	where	where	SCONJ
cblr-7157	1019	64	fiduciary	fiduciary	ADJ
cblr-7157	1019	65	obligations	obligation	NOUN
cblr-7157	1019	66	do	do	AUX
cblr-7157	1019	67	traditionally	traditionally	ADV
cblr-7157	1019	68	arise	arise	VERB
cblr-7157	1019	69	—	—	PUNCT
cblr-7157	1019	70	trusts	trust	NOUN
cblr-7157	1019	71	and	and	CCONJ
cblr-7157	1019	72	principal	principal	ADJ
cblr-7157	1019	73	-	-	PUNCT
cblr-7157	1019	74	agent	agent	NOUN
cblr-7157	1019	75	relationships	relationship	NOUN
cblr-7157	1019	76	.	.	PUNCT
cblr-7157	1020	1	the	the	DET
cblr-7157	1020	2	literature	literature	NOUN
cblr-7157	1020	3	on	on	ADP
cblr-7157	1020	4	the	the	DET
cblr-7157	1020	5	theoretical	theoretical	ADJ
cblr-7157	1020	6	underpinnings	underpinning	NOUN
cblr-7157	1020	7	of	of	ADP
cblr-7157	1020	8	fiduciary	fiduciary	ADJ
cblr-7157	1020	9	obligations	obligation	NOUN
cblr-7157	1020	10	is	be	AUX
cblr-7157	1020	11	extensive	extensive	ADJ
cblr-7157	1020	12	,	,	PUNCT
cblr-7157	1020	13	controversial	controversial	ADJ
cblr-7157	1020	14	,	,	PUNCT
cblr-7157	1020	15	and	and	CCONJ
cblr-7157	1020	16	spans	span	VERB
cblr-7157	1020	17	various	various	ADJ
cblr-7157	1020	18	fiduciary	fiduciary	ADJ
cblr-7157	1020	19	contexts.235	contexts.235	NOUN
cblr-7157	1020	20	one	one	NUM
cblr-7157	1020	21	thing	thing	NOUN
cblr-7157	1020	22	that	that	PRON
cblr-7157	1020	23	unites	unite	VERB
cblr-7157	1020	24	this	this	DET
cblr-7157	1020	25	literature	literature	NOUN
cblr-7157	1020	26	is	be	AUX
cblr-7157	1020	27	the	the	DET
cblr-7157	1020	28	idea	idea	NOUN
cblr-7157	1020	29	that	that	SCONJ
cblr-7157	1020	30	one	one	NUM
cblr-7157	1020	31	who	who	PRON
cblr-7157	1020	32	deals	deal	VERB
cblr-7157	1020	33	with	with	ADP
cblr-7157	1020	34	the	the	DET
cblr-7157	1020	35	property	property	NOUN
cblr-7157	1020	36	of	of	ADP
cblr-7157	1020	37	another	another	PRON
cblr-7157	1020	38	on	on	ADP
cblr-7157	1020	39	behalf	behalf	NOUN
cblr-7157	1020	40	of	of	ADP
cblr-7157	1020	41	the	the	DET
cblr-7157	1020	42	other	other	ADJ
cblr-7157	1020	43	assumes	assume	VERB
cblr-7157	1020	44	fiduciary	fiduciary	ADJ
cblr-7157	1020	45	duties.236	duties.236	NOUN
cblr-7157	1020	46	thus	thus	ADV
cblr-7157	1020	47	,	,	PUNCT
cblr-7157	1020	48	it	it	PRON
cblr-7157	1020	49	follows	follow	VERB
cblr-7157	1020	50	directly	directly	ADV
cblr-7157	1020	51	that	that	SCONJ
cblr-7157	1020	52	those	those	PRON
cblr-7157	1020	53	who	who	PRON
cblr-7157	1020	54	manage	manage	VERB
cblr-7157	1020	55	the	the	DET
cblr-7157	1020	56	corporation	corporation	NOUN
cblr-7157	1020	57	will	will	AUX
cblr-7157	1020	58	have	have	VERB
cblr-7157	1020	59	fiduciary	fiduciary	ADJ
cblr-7157	1020	60	duties	duty	NOUN
cblr-7157	1020	61	if	if	SCONJ
cblr-7157	1020	62	the	the	DET
cblr-7157	1020	63	interest	interest	NOUN
cblr-7157	1020	64	held	hold	VERB
cblr-7157	1020	65	by	by	ADP
cblr-7157	1020	66	shareholders	shareholder	NOUN
cblr-7157	1020	67	is	be	AUX
cblr-7157	1020	68	“	"	PUNCT
cblr-7157	1020	69	property	property	NOUN
cblr-7157	1020	70	”	"	PUNCT
cblr-7157	1020	71	as	as	SCONJ
cblr-7157	1020	72	established	establish	VERB
cblr-7157	1020	73	above	above	ADV
cblr-7157	1020	74	.	.	PUNCT
cblr-7157	1021	1	indeed	indeed	ADV
cblr-7157	1021	2	,	,	PUNCT
cblr-7157	1021	3	gordon	gordon	PROPN
cblr-7157	1021	4	smith	smith	PROPN
cblr-7157	1021	5	,	,	PUNCT
cblr-7157	1021	6	a	a	DET
cblr-7157	1021	7	leading	lead	VERB
cblr-7157	1021	8	scholar	scholar	NOUN
cblr-7157	1021	9	of	of	ADP
cblr-7157	1021	10	fiduciary	fiduciary	ADJ
cblr-7157	1021	11	law	law	NOUN
cblr-7157	1021	12	sums	sum	VERB
cblr-7157	1021	13	up	up	ADP
cblr-7157	1021	14	this	this	DET
cblr-7157	1021	15	connection	connection	NOUN
cblr-7157	1021	16	succinctly	succinctly	ADV
cblr-7157	1021	17	:	:	PUNCT
cblr-7157	1021	18	“	"	PUNCT
cblr-7157	1021	19	the	the	DET
cblr-7157	1021	20	distinctive	distinctive	ADJ
cblr-7157	1021	21	duty	duty	NOUN
cblr-7157	1021	22	of	of	ADP
cblr-7157	1021	23	loyalty	loyalty	NOUN
cblr-7157	1021	24	that	that	PRON
cblr-7157	1021	25	is	be	AUX
cblr-7157	1021	26	imposed	impose	VERB
cblr-7157	1021	27	on	on	ADP
cblr-7157	1021	28	fiduciary	fiduciary	ADJ
cblr-7157	1021	29	relationships	relationship	NOUN
cblr-7157	1021	30	is	be	AUX
cblr-7157	1021	31	designed	design	VERB
cblr-7157	1021	32	to	to	PART
cblr-7157	1021	33	protect	protect	VERB
cblr-7157	1021	34	the	the	DET
cblr-7157	1021	35	beneficiary	beneficiary	NOUN
cblr-7157	1021	36	’s	’s	PART
cblr-7157	1021	37	propertylike	propertylike	ADJ
cblr-7157	1021	38	interest	interest	NOUN
cblr-7157	1021	39	in	in	ADP
cblr-7157	1021	40	critical	critical	ADJ
cblr-7157	1021	41	resources	resource	NOUN
cblr-7157	1021	42	.	.	PUNCT
cblr-7157	1021	43	”237	”237	PUNCT
cblr-7157	1022	1	although	although	SCONJ
cblr-7157	1022	2	most	most	ADJ
cblr-7157	1022	3	fiduciary	fiduciary	ADJ
cblr-7157	1022	4	scholars	scholar	NOUN
cblr-7157	1022	5	agree	agree	VERB
cblr-7157	1022	6	that	that	SCONJ
cblr-7157	1022	7	property	property	NOUN
cblr-7157	1022	8	law	law	NOUN
cblr-7157	1022	9	concepts	concept	NOUN
cblr-7157	1022	10	can	can	AUX
cblr-7157	1022	11	not	not	PART
cblr-7157	1022	12	provide	provide	VERB
cblr-7157	1022	13	a	a	DET
cblr-7157	1022	14	general	general	ADJ
cblr-7157	1022	15	account	account	NOUN
cblr-7157	1022	16	of	of	ADP
cblr-7157	1022	17	fiduciary	fiduciary	ADJ
cblr-7157	1022	18	duties	duty	NOUN
cblr-7157	1022	19	,	,	PUNCT
cblr-7157	1022	20	most	most	ADJ
cblr-7157	1022	21	agree	agree	VERB
cblr-7157	1022	22	that	that	SCONJ
cblr-7157	1022	23	dealing	deal	VERB
cblr-7157	1022	24	with	with	ADP
cblr-7157	1022	25	property	property	NOUN
cblr-7157	1022	26	on	on	ADP
cblr-7157	1022	27	behalf	behalf	NOUN
cblr-7157	1022	28	of	of	ADP
cblr-7157	1022	29	another	another	PRON
cblr-7157	1022	30	is	be	AUX
cblr-7157	1022	31	sufficient	sufficient	ADJ
cblr-7157	1022	32	to	to	PART
cblr-7157	1022	33	imply	imply	VERB
cblr-7157	1022	34	234	234	NUM
cblr-7157	1022	35	see	see	NOUN
cblr-7157	1022	36	supra	supra	PROPN
cblr-7157	1022	37	section	section	PROPN
cblr-7157	1022	38	ii.c.2	ii.c.2	PROPN
cblr-7157	1022	39	.	.	PUNCT
cblr-7157	1023	1	235	235	NUM
cblr-7157	1024	1	some	some	PRON
cblr-7157	1024	2	of	of	ADP
cblr-7157	1024	3	the	the	DET
cblr-7157	1024	4	more	more	ADV
cblr-7157	1024	5	influential	influential	ADJ
cblr-7157	1024	6	pieces	piece	NOUN
cblr-7157	1024	7	include	include	VERB
cblr-7157	1024	8	tamar	tamar	PROPN
cblr-7157	1024	9	frankel	frankel	PROPN
cblr-7157	1024	10	,	,	PUNCT
cblr-7157	1024	11	fiduciary	fiduciary	ADJ
cblr-7157	1024	12	law	law	NOUN
cblr-7157	1024	13	(	(	PUNCT
cblr-7157	1024	14	2011	2011	NUM
cblr-7157	1024	15	)	)	PUNCT
cblr-7157	1024	16	,	,	PUNCT
cblr-7157	1024	17	paul	paul	PROPN
cblr-7157	1024	18	b.	b.	PROPN
cblr-7157	1024	19	miller	miller	PROPN
cblr-7157	1024	20	,	,	PUNCT
cblr-7157	1024	21	justifying	justify	VERB
cblr-7157	1024	22	fiduciary	fiduciary	ADJ
cblr-7157	1024	23	duties	duty	NOUN
cblr-7157	1024	24	,	,	PUNCT
cblr-7157	1024	25	58	58	NUM
cblr-7157	1024	26	mcgill	mcgill	PROPN
cblr-7157	1024	27	l.j	l.j	PROPN
cblr-7157	1024	28	.	.	PROPN
cblr-7157	1024	29	969	969	NUM
cblr-7157	1024	30	(	(	PUNCT
cblr-7157	1024	31	2013	2013	NUM
cblr-7157	1024	32	)	)	PUNCT
cblr-7157	1024	33	,	,	PUNCT
cblr-7157	1024	34	and	and	CCONJ
cblr-7157	1024	35	smith	smith	PROPN
cblr-7157	1024	36	,	,	PUNCT
cblr-7157	1024	37	supra	supra	PROPN
cblr-7157	1024	38	note	note	NOUN
cblr-7157	1024	39	10	10	NUM
cblr-7157	1024	40	.	.	PUNCT
cblr-7157	1024	41	236	236	NUM
cblr-7157	1024	42	see	see	VERB
cblr-7157	1024	43	smith	smith	PROPN
cblr-7157	1024	44	,	,	PUNCT
cblr-7157	1024	45	supra	supra	PROPN
cblr-7157	1024	46	note	note	PROPN
cblr-7157	1024	47	10	10	NUM
cblr-7157	1024	48	,	,	PUNCT
cblr-7157	1024	49	at	at	ADP
cblr-7157	1024	50	1403	1403	NUM
cblr-7157	1024	51	.	.	PUNCT
cblr-7157	1025	1	237	237	NUM
cblr-7157	1025	2	d.	d.	PROPN
cblr-7157	1025	3	gordon	gordon	PROPN
cblr-7157	1025	4	smith	smith	PROPN
cblr-7157	1025	5	,	,	PUNCT
cblr-7157	1025	6	firms	firm	NOUN
cblr-7157	1025	7	and	and	CCONJ
cblr-7157	1025	8	fiduciaries	fiduciary	NOUN
cblr-7157	1025	9	,	,	PUNCT
cblr-7157	1025	10	in	in	ADP
cblr-7157	1025	11	contract	contract	NOUN
cblr-7157	1025	12	,	,	PUNCT
cblr-7157	1025	13	status	status	NOUN
cblr-7157	1025	14	,	,	PUNCT
cblr-7157	1025	15	and	and	CCONJ
cblr-7157	1025	16	fiduciary	fiduciary	ADJ
cblr-7157	1025	17	law	law	NOUN
cblr-7157	1025	18	293	293	NUM
cblr-7157	1025	19	,	,	PUNCT
cblr-7157	1025	20	294	294	NUM
cblr-7157	1025	21	(	(	PUNCT
cblr-7157	1025	22	paul	paul	PROPN
cblr-7157	1025	23	b.	b.	PROPN
cblr-7157	1025	24	miller	miller	PROPN
cblr-7157	1025	25	&	&	CCONJ
cblr-7157	1025	26	andrew	andrew	PROPN
cblr-7157	1025	27	s.	s.	PROPN
cblr-7157	1025	28	gold	gold	PROPN
cblr-7157	1025	29	eds	eds	PROPN
cblr-7157	1025	30	.	.	PROPN
cblr-7157	1025	31	,	,	PUNCT
cblr-7157	1025	32	2016	2016	NUM
cblr-7157	1025	33	)	)	PUNCT
cblr-7157	1025	34	.	.	PUNCT
cblr-7157	1026	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1026	2	(	(	PUNCT
cblr-7157	1026	3	do	do	AUX
cblr-7157	1026	4	not	not	PART
cblr-7157	1026	5	delte	delte	VERB
cblr-7157	1026	6	)	)	PUNCT
cblr-7157	1026	7	10/2/2020	10/2/2020	NUM
cblr-7157	1026	8	11:44	11:44	NUM
cblr-7157	1026	9	am	be	AUX
cblr-7157	1026	10	68	68	NUM
cblr-7157	1026	11	columbia	columbia	PROPN
cblr-7157	1026	12	business	business	NOUN
cblr-7157	1026	13	law	law	NOUN
cblr-7157	1026	14	review	review	NOUN
cblr-7157	1026	15	[	[	X
cblr-7157	1026	16	vol	vol	NOUN
cblr-7157	1026	17	.	.	PUNCT
cblr-7157	1026	18	2020	2020	NUM
cblr-7157	1026	19	fiduciary	fiduciary	ADJ
cblr-7157	1026	20	duties,238	duties,238	NOUN
cblr-7157	1026	21	which	which	PRON
cblr-7157	1026	22	is	be	AUX
cblr-7157	1026	23	the	the	DET
cblr-7157	1026	24	connection	connection	NOUN
cblr-7157	1026	25	required	require	VERB
cblr-7157	1026	26	for	for	ADP
cblr-7157	1026	27	present	present	ADJ
cblr-7157	1026	28	purposes	purpose	NOUN
cblr-7157	1026	29	.	.	PUNCT
cblr-7157	1027	1	the	the	DET
cblr-7157	1027	2	property	property	NOUN
cblr-7157	1027	3	-	-	PUNCT
cblr-7157	1027	4	fiduciary	fiduciary	ADJ
cblr-7157	1027	5	connection	connection	NOUN
cblr-7157	1027	6	,	,	PUNCT
cblr-7157	1027	7	as	as	ADV
cblr-7157	1027	8	well	well	ADV
cblr-7157	1027	9	as	as	ADP
cblr-7157	1027	10	its	its	PRON
cblr-7157	1027	11	complexities	complexity	NOUN
cblr-7157	1027	12	,	,	PUNCT
cblr-7157	1027	13	is	be	AUX
cblr-7157	1027	14	not	not	PART
cblr-7157	1027	15	unique	unique	ADJ
cblr-7157	1027	16	to	to	ADP
cblr-7157	1027	17	the	the	DET
cblr-7157	1027	18	corporate	corporate	ADJ
cblr-7157	1027	19	context	context	NOUN
cblr-7157	1027	20	.	.	PUNCT
cblr-7157	1028	1	the	the	DET
cblr-7157	1028	2	analogy	analogy	NOUN
cblr-7157	1028	3	between	between	ADP
cblr-7157	1028	4	the	the	DET
cblr-7157	1028	5	corporation	corporation	NOUN
cblr-7157	1028	6	and	and	CCONJ
cblr-7157	1028	7	the	the	DET
cblr-7157	1028	8	trust	trust	NOUN
cblr-7157	1028	9	has	have	AUX
cblr-7157	1028	10	long	long	ADV
cblr-7157	1028	11	been	be	AUX
cblr-7157	1028	12	a	a	DET
cblr-7157	1028	13	part	part	NOUN
cblr-7157	1028	14	of	of	ADP
cblr-7157	1028	15	the	the	DET
cblr-7157	1028	16	thinking	thinking	NOUN
cblr-7157	1028	17	about	about	ADP
cblr-7157	1028	18	corporate	corporate	ADJ
cblr-7157	1028	19	law	law	NOUN
cblr-7157	1028	20	.	.	PUNCT
cblr-7157	1029	1	in	in	ADP
cblr-7157	1029	2	trust	trust	NOUN
cblr-7157	1029	3	law	law	NOUN
cblr-7157	1029	4	,	,	PUNCT
cblr-7157	1029	5	as	as	ADP
cblr-7157	1029	6	in	in	ADP
cblr-7157	1029	7	corporate	corporate	ADJ
cblr-7157	1029	8	law	law	NOUN
cblr-7157	1029	9	,	,	PUNCT
cblr-7157	1029	10	there	there	PRON
cblr-7157	1029	11	is	be	VERB
cblr-7157	1029	12	a	a	DET
cblr-7157	1029	13	longstanding	longstanding	ADJ
cblr-7157	1029	14	debate	debate	NOUN
cblr-7157	1029	15	over	over	ADP
cblr-7157	1029	16	whether	whether	SCONJ
cblr-7157	1029	17	the	the	DET
cblr-7157	1029	18	beneficiary	beneficiary	NOUN
cblr-7157	1029	19	of	of	ADP
cblr-7157	1029	20	a	a	DET
cblr-7157	1029	21	trust	trust	NOUN
cblr-7157	1029	22	has	have	AUX
cblr-7157	1029	23	an	an	DET
cblr-7157	1029	24	in	in	NOUN
cblr-7157	1029	25	rem	rem	NOUN
cblr-7157	1029	26	interest	interest	NOUN
cblr-7157	1029	27	in	in	ADP
cblr-7157	1029	28	the	the	DET
cblr-7157	1029	29	trust	trust	NOUN
cblr-7157	1029	30	’s	’s	PART
cblr-7157	1029	31	property	property	NOUN
cblr-7157	1029	32	or	or	CCONJ
cblr-7157	1029	33	merely	merely	ADV
cblr-7157	1029	34	an	an	DET
cblr-7157	1029	35	in	in	ADP
cblr-7157	1029	36	personam	personam	NOUN
cblr-7157	1029	37	claim	claim	NOUN
cblr-7157	1029	38	against	against	ADP
cblr-7157	1029	39	the	the	DET
cblr-7157	1029	40	trustee	trustee	NOUN
cblr-7157	1029	41	to	to	PART
cblr-7157	1029	42	perform	perform	VERB
cblr-7157	1029	43	the	the	DET
cblr-7157	1029	44	trustee	trustee	NOUN
cblr-7157	1029	45	’s	’s	PART
cblr-7157	1029	46	duties.239	duties.239	NOUN
cblr-7157	1029	47	but	but	CCONJ
cblr-7157	1029	48	trusts	trust	VERB
cblr-7157	1029	49	themselves	themselves	PRON
cblr-7157	1029	50	are	be	AUX
cblr-7157	1029	51	generally	generally	ADV
cblr-7157	1029	52	defined	define	VERB
cblr-7157	1029	53	as	as	ADP
cblr-7157	1029	54	a	a	DET
cblr-7157	1029	55	fiduciary	fiduciary	ADJ
cblr-7157	1029	56	relationship	relationship	NOUN
cblr-7157	1029	57	to	to	ADP
cblr-7157	1029	58	property,240	property,240	NOUN
cblr-7157	1029	59	meaning	meaning	NOUN
cblr-7157	1029	60	that	that	SCONJ
cblr-7157	1029	61	the	the	DET
cblr-7157	1029	62	trust	trust	NOUN
cblr-7157	1029	63	analogy	analogy	NOUN
cblr-7157	1029	64	would	would	AUX
cblr-7157	1029	65	not	not	PART
cblr-7157	1029	66	apply	apply	VERB
cblr-7157	1029	67	to	to	ADP
cblr-7157	1029	68	a	a	DET
cblr-7157	1029	69	corporation	corporation	NOUN
cblr-7157	1029	70	viewed	view	VERB
cblr-7157	1029	71	as	as	ADP
cblr-7157	1029	72	a	a	DET
cblr-7157	1029	73	pure	pure	ADJ
cblr-7157	1029	74	nexus	nexus	NOUN
cblr-7157	1029	75	of	of	ADP
cblr-7157	1029	76	contracts	contract	NOUN
cblr-7157	1029	77	.	.	PUNCT
cblr-7157	1030	1	in	in	ADP
cblr-7157	1030	2	any	any	DET
cblr-7157	1030	3	event	event	NOUN
cblr-7157	1030	4	,	,	PUNCT
cblr-7157	1030	5	shareholders	shareholder	NOUN
cblr-7157	1030	6	have	have	VERB
cblr-7157	1030	7	more	more	ADJ
cblr-7157	1030	8	incidents	incident	NOUN
cblr-7157	1030	9	of	of	ADP
cblr-7157	1030	10	ownership	ownership	NOUN
cblr-7157	1030	11	than	than	SCONJ
cblr-7157	1030	12	do	do	AUX
cblr-7157	1030	13	trust	trust	VERB
cblr-7157	1030	14	beneficiaries,241	beneficiaries,241	PROPN
cblr-7157	1030	15	suggesting	suggest	VERB
cblr-7157	1030	16	that	that	SCONJ
cblr-7157	1030	17	the	the	DET
cblr-7157	1030	18	property	property	NOUN
cblr-7157	1030	19	-	-	PUNCT
cblr-7157	1030	20	like	like	ADJ
cblr-7157	1030	21	attributes	attribute	NOUN
cblr-7157	1030	22	of	of	ADP
cblr-7157	1030	23	a	a	DET
cblr-7157	1030	24	trust	trust	NOUN
cblr-7157	1030	25	beneficiary	beneficiary	NOUN
cblr-7157	1030	26	’s	’s	PART
cblr-7157	1030	27	interest	interest	NOUN
cblr-7157	1030	28	are	be	AUX
cblr-7157	1030	29	equal	equal	ADJ
cblr-7157	1030	30	if	if	SCONJ
cblr-7157	1030	31	not	not	PART
cblr-7157	1030	32	greater	great	ADJ
cblr-7157	1030	33	in	in	ADP
cblr-7157	1030	34	corporate	corporate	ADJ
cblr-7157	1030	35	shareholding	shareholding	NOUN
cblr-7157	1030	36	.	.	PUNCT
cblr-7157	1031	1	the	the	DET
cblr-7157	1031	2	second	second	ADJ
cblr-7157	1031	3	broad	broad	ADJ
cblr-7157	1031	4	area	area	NOUN
cblr-7157	1031	5	of	of	ADP
cblr-7157	1031	6	law	law	NOUN
cblr-7157	1031	7	in	in	ADP
cblr-7157	1031	8	which	which	PRON
cblr-7157	1031	9	fiduciary	fiduciary	ADJ
cblr-7157	1031	10	duties	duty	NOUN
cblr-7157	1031	11	appear	appear	VERB
cblr-7157	1031	12	is	be	AUX
cblr-7157	1031	13	the	the	DET
cblr-7157	1031	14	agency	agency	NOUN
cblr-7157	1031	15	context	context	NOUN
cblr-7157	1031	16	.	.	PUNCT
cblr-7157	1032	1	although	although	SCONJ
cblr-7157	1032	2	writing	write	VERB
cblr-7157	1032	3	in	in	ADP
cblr-7157	1032	4	the	the	DET
cblr-7157	1032	5	law	law	NOUN
cblr-7157	1032	6	and	and	CCONJ
cblr-7157	1032	7	economics	economic	NOUN
cblr-7157	1032	8	tradition	tradition	NOUN
cblr-7157	1032	9	often	often	ADV
cblr-7157	1032	10	describes	describe	VERB
cblr-7157	1032	11	directors	director	NOUN
cblr-7157	1032	12	as	as	ADP
cblr-7157	1032	13	“	"	PUNCT
cblr-7157	1032	14	agents	agent	NOUN
cblr-7157	1032	15	,	,	PUNCT
cblr-7157	1032	16	”	"	PUNCT
cblr-7157	1032	17	and	and	CCONJ
cblr-7157	1032	18	although	although	SCONJ
cblr-7157	1032	19	directors	director	NOUN
cblr-7157	1032	20	bear	bear	VERB
cblr-7157	1032	21	some	some	DET
cblr-7157	1032	22	similarity	similarity	NOUN
cblr-7157	1032	23	to	to	AUX
cblr-7157	1032	24	agents,242	agents,242	PROPN
cblr-7157	1032	25	the	the	DET
cblr-7157	1032	26	duties	duty	NOUN
cblr-7157	1032	27	they	they	PRON
cblr-7157	1032	28	assume	assume	VERB
cblr-7157	1032	29	are	be	AUX
cblr-7157	1032	30	not	not	PART
cblr-7157	1032	31	legally	legally	ADV
cblr-7157	1032	32	equivalent	equivalent	ADJ
cblr-7157	1032	33	to	to	ADP
cblr-7157	1032	34	those	those	PRON
cblr-7157	1032	35	of	of	ADP
cblr-7157	1032	36	an	an	DET
cblr-7157	1032	37	agent.243	agent.243	NOUN
cblr-7157	1032	38	the	the	DET
cblr-7157	1032	39	fact	fact	NOUN
cblr-7157	1032	40	that	that	SCONJ
cblr-7157	1032	41	directors	director	NOUN
cblr-7157	1032	42	act	act	VERB
cblr-7157	1032	43	on	on	ADP
cblr-7157	1032	44	behalf	behalf	NOUN
cblr-7157	1032	45	of	of	ADP
cblr-7157	1032	46	shareholders	shareholder	NOUN
cblr-7157	1032	47	,	,	PUNCT
cblr-7157	1032	48	238	238	NUM
cblr-7157	1032	49	smith	smith	NOUN
cblr-7157	1032	50	,	,	PUNCT
cblr-7157	1032	51	supra	supra	PROPN
cblr-7157	1032	52	note	note	PROPN
cblr-7157	1032	53	10	10	NUM
cblr-7157	1032	54	,	,	PUNCT
cblr-7157	1032	55	at	at	ADP
cblr-7157	1032	56	1403–04	1403–04	NUM
cblr-7157	1032	57	(	(	PUNCT
cblr-7157	1032	58	explaining	explain	VERB
cblr-7157	1032	59	that	that	SCONJ
cblr-7157	1032	60	“	"	PUNCT
cblr-7157	1032	61	[	[	X
cblr-7157	1032	62	l]awyers	l]awyer	NOUN
cblr-7157	1032	63	have	have	AUX
cblr-7157	1032	64	long	long	ADV
cblr-7157	1032	65	understood	understand	VERB
cblr-7157	1032	66	that	that	SCONJ
cblr-7157	1032	67	one	one	NOUN
cblr-7157	1032	68	who	who	PRON
cblr-7157	1032	69	deals	deal	VERB
cblr-7157	1032	70	with	with	ADP
cblr-7157	1032	71	property	property	NOUN
cblr-7157	1032	72	on	on	ADP
cblr-7157	1032	73	behalf	behalf	NOUN
cblr-7157	1032	74	of	of	ADP
cblr-7157	1032	75	the	the	DET
cblr-7157	1032	76	beneficial	beneficial	ADJ
cblr-7157	1032	77	owner	owner	NOUN
cblr-7157	1032	78	of	of	ADP
cblr-7157	1032	79	the	the	DET
cblr-7157	1032	80	property	property	NOUN
cblr-7157	1032	81	is	be	AUX
cblr-7157	1032	82	subject	subject	ADJ
cblr-7157	1032	83	to	to	ADP
cblr-7157	1032	84	fiduciary	fiduciary	ADJ
cblr-7157	1032	85	duties	duty	NOUN
cblr-7157	1032	86	,	,	PUNCT
cblr-7157	1032	87	”	"	PUNCT
cblr-7157	1032	88	but	but	CCONJ
cblr-7157	1032	89	that	that	SCONJ
cblr-7157	1032	90	property	property	NOUN
cblr-7157	1032	91	can	can	AUX
cblr-7157	1032	92	not	not	PART
cblr-7157	1032	93	account	account	VERB
cblr-7157	1032	94	for	for	ADP
cblr-7157	1032	95	all	all	DET
cblr-7157	1032	96	fiduciary	fiduciary	ADJ
cblr-7157	1032	97	duties	duty	NOUN
cblr-7157	1032	98	)	)	PUNCT
cblr-7157	1032	99	.	.	PUNCT
cblr-7157	1033	1	239	239	NUM
cblr-7157	1033	2	see	see	VERB
cblr-7157	1033	3	,	,	PUNCT
cblr-7157	1033	4	e.g.	e.g.	ADV
cblr-7157	1033	5	,	,	PUNCT
cblr-7157	1033	6	helene	helene	PROPN
cblr-7157	1033	7	s.	s.	PROPN
cblr-7157	1033	8	shapo	shapo	PROPN
cblr-7157	1033	9	et	et	PROPN
cblr-7157	1033	10	al	al	PROPN
cblr-7157	1033	11	.	.	PROPN
cblr-7157	1033	12	,	,	PUNCT
cblr-7157	1033	13	bogert	bogert	PROPN
cblr-7157	1033	14	’s	’s	PART
cblr-7157	1033	15	the	the	DET
cblr-7157	1033	16	law	law	NOUN
cblr-7157	1033	17	of	of	ADP
cblr-7157	1033	18	trusts	trust	NOUN
cblr-7157	1033	19	and	and	CCONJ
cblr-7157	1033	20	trustees	trustee	NOUN
cblr-7157	1033	21	§	§	PROPN
cblr-7157	1033	22	183	183	NUM
cblr-7157	1033	23	,	,	PUNCT
cblr-7157	1033	24	westlaw	westlaw	NOUN
cblr-7157	1033	25	(	(	PUNCT
cblr-7157	1033	26	database	database	NOUN
cblr-7157	1033	27	updated	update	VERB
cblr-7157	1033	28	june	june	PROPN
cblr-7157	1033	29	2019	2019	NUM
cblr-7157	1033	30	)	)	PUNCT
cblr-7157	1033	31	.	.	PUNCT
cblr-7157	1034	1	240	240	NUM
cblr-7157	1034	2	see	see	NOUN
cblr-7157	1034	3	restatement	restatement	NOUN
cblr-7157	1034	4	(	(	PUNCT
cblr-7157	1034	5	third	third	ADJ
cblr-7157	1034	6	)	)	PUNCT
cblr-7157	1034	7	of	of	ADP
cblr-7157	1034	8	trusts	trust	NOUN
cblr-7157	1034	9	§	§	PROPN
cblr-7157	1034	10	2	2	NUM
cblr-7157	1034	11	(	(	PUNCT
cblr-7157	1034	12	am	am	NOUN
cblr-7157	1034	13	.	.	PUNCT
cblr-7157	1034	14	law	law	NOUN
cblr-7157	1034	15	.	.	PUNCT
cblr-7157	1035	1	inst	inst	PROPN
cblr-7157	1035	2	.	.	PROPN
cblr-7157	1035	3	2003	2003	NUM
cblr-7157	1035	4	)	)	PUNCT
cblr-7157	1035	5	(	(	PUNCT
cblr-7157	1035	6	“	"	PUNCT
cblr-7157	1035	7	a	a	DET
cblr-7157	1035	8	trust	trust	NOUN
cblr-7157	1035	9	.	.	PUNCT
cblr-7157	1035	10	.	.	PUNCT
cblr-7157	1035	11	.	.	PUNCT
cblr-7157	1036	1	is	be	AUX
cblr-7157	1036	2	a	a	DET
cblr-7157	1036	3	fiduciary	fiduciary	ADJ
cblr-7157	1036	4	relationship	relationship	NOUN
cblr-7157	1036	5	with	with	ADP
cblr-7157	1036	6	respect	respect	NOUN
cblr-7157	1036	7	to	to	ADP
cblr-7157	1036	8	property	property	NOUN
cblr-7157	1036	9	,	,	PUNCT
cblr-7157	1036	10	arising	arise	VERB
cblr-7157	1036	11	from	from	ADP
cblr-7157	1036	12	a	a	DET
cblr-7157	1036	13	manifestation	manifestation	NOUN
cblr-7157	1036	14	of	of	ADP
cblr-7157	1036	15	intention	intention	NOUN
cblr-7157	1036	16	to	to	PART
cblr-7157	1036	17	create	create	VERB
cblr-7157	1036	18	that	that	DET
cblr-7157	1036	19	relationship	relationship	NOUN
cblr-7157	1036	20	and	and	CCONJ
cblr-7157	1036	21	subjecting	subject	VERB
cblr-7157	1036	22	the	the	DET
cblr-7157	1036	23	person	person	NOUN
cblr-7157	1036	24	who	who	PRON
cblr-7157	1036	25	holds	hold	VERB
cblr-7157	1036	26	title	title	NOUN
cblr-7157	1036	27	to	to	ADP
cblr-7157	1036	28	the	the	DET
cblr-7157	1036	29	property	property	NOUN
cblr-7157	1036	30	to	to	ADP
cblr-7157	1036	31	duties	duty	NOUN
cblr-7157	1036	32	to	to	PART
cblr-7157	1036	33	deal	deal	VERB
cblr-7157	1036	34	with	with	ADP
cblr-7157	1036	35	it	it	PRON
cblr-7157	1036	36	for	for	ADP
cblr-7157	1036	37	the	the	DET
cblr-7157	1036	38	benefit	benefit	NOUN
cblr-7157	1036	39	of	of	ADP
cblr-7157	1036	40	.	.	PUNCT
cblr-7157	1036	41	.	.	PUNCT
cblr-7157	1037	1	.	.	PUNCT
cblr-7157	1038	1	one	one	NUM
cblr-7157	1038	2	or	or	CCONJ
cblr-7157	1038	3	more	more	ADJ
cblr-7157	1038	4	persons	person	NOUN
cblr-7157	1038	5	,	,	PUNCT
cblr-7157	1038	6	at	at	ADP
cblr-7157	1038	7	least	least	ADJ
cblr-7157	1038	8	one	one	NUM
cblr-7157	1038	9	of	of	ADP
cblr-7157	1038	10	whom	whom	PRON
cblr-7157	1038	11	is	be	AUX
cblr-7157	1038	12	not	not	PART
cblr-7157	1038	13	the	the	DET
cblr-7157	1038	14	sole	sole	ADJ
cblr-7157	1038	15	trustee	trustee	NOUN
cblr-7157	1038	16	.	.	PUNCT
cblr-7157	1038	17	”	"	PUNCT
cblr-7157	1038	18	)	)	PUNCT
cblr-7157	1038	19	.	.	PUNCT
cblr-7157	1039	1	241	241	NUM
cblr-7157	1039	2	velasco	velasco	PROPN
cblr-7157	1039	3	,	,	PUNCT
cblr-7157	1039	4	supra	supra	PROPN
cblr-7157	1039	5	note	note	PROPN
cblr-7157	1039	6	8	8	NUM
cblr-7157	1039	7	,	,	PUNCT
cblr-7157	1039	8	at	at	ADP
cblr-7157	1039	9	907	907	NUM
cblr-7157	1039	10	.	.	NOUN
cblr-7157	1039	11	242	242	NUM
cblr-7157	1039	12	see	see	VERB
cblr-7157	1039	13	victor	victor	PROPN
cblr-7157	1039	14	brudney	brudney	PROPN
cblr-7157	1039	15	,	,	PUNCT
cblr-7157	1039	16	contract	contract	NOUN
cblr-7157	1039	17	and	and	CCONJ
cblr-7157	1039	18	fiduciary	fiduciary	ADJ
cblr-7157	1039	19	duty	duty	NOUN
cblr-7157	1039	20	in	in	ADP
cblr-7157	1039	21	corporate	corporate	ADJ
cblr-7157	1039	22	law	law	NOUN
cblr-7157	1039	23	,	,	PUNCT
cblr-7157	1039	24	38	38	NUM
cblr-7157	1039	25	b.c	b.c	PROPN
cblr-7157	1039	26	.	.	PROPN
cblr-7157	1039	27	l.	l.	PROPN
cblr-7157	1039	28	rev	rev	PROPN
cblr-7157	1039	29	.	.	PROPN
cblr-7157	1039	30	595	595	NUM
cblr-7157	1039	31	,	,	PUNCT
cblr-7157	1039	32	611	611	NUM
cblr-7157	1039	33	n.40	n.40	NOUN
cblr-7157	1039	34	(	(	PUNCT
cblr-7157	1039	35	1997	1997	NUM
cblr-7157	1039	36	)	)	PUNCT
cblr-7157	1039	37	.	.	PUNCT
cblr-7157	1040	1	the	the	DET
cblr-7157	1040	2	restatement	restatement	NOUN
cblr-7157	1040	3	(	(	PUNCT
cblr-7157	1040	4	third	third	ADJ
cblr-7157	1040	5	)	)	PUNCT
cblr-7157	1040	6	of	of	ADP
cblr-7157	1040	7	agency	agency	NOUN
cblr-7157	1040	8	commentary	commentary	NOUN
cblr-7157	1040	9	takes	take	VERB
cblr-7157	1040	10	the	the	DET
cblr-7157	1040	11	position	position	NOUN
cblr-7157	1040	12	that	that	SCONJ
cblr-7157	1040	13	directors	director	NOUN
cblr-7157	1040	14	are	be	AUX
cblr-7157	1040	15	not	not	PART
cblr-7157	1040	16	agents	agent	NOUN
cblr-7157	1040	17	.	.	PUNCT
cblr-7157	1041	1	see	see	VERB
cblr-7157	1041	2	restatement	restatement	NOUN
cblr-7157	1041	3	(	(	PUNCT
cblr-7157	1041	4	third	third	ADJ
cblr-7157	1041	5	)	)	PUNCT
cblr-7157	1041	6	of	of	ADP
cblr-7157	1041	7	agency	agency	NOUN
cblr-7157	1041	8	§	§	PROPN
cblr-7157	1041	9	1.01	1.01	NUM
cblr-7157	1041	10	cmt	cmt	NOUN
cblr-7157	1041	11	.	.	PUNCT
cblr-7157	1042	1	f(2	f(2	PROPN
cblr-7157	1042	2	)	)	PUNCT
cblr-7157	1042	3	(	(	PUNCT
cblr-7157	1042	4	am	be	AUX
cblr-7157	1042	5	.	.	PUNCT
cblr-7157	1042	6	law	law	NOUN
cblr-7157	1042	7	inst	inst	NOUN
cblr-7157	1042	8	.	.	PUNCT
cblr-7157	1042	9	2006	2006	NUM
cblr-7157	1042	10	)	)	PUNCT
cblr-7157	1042	11	.	.	PUNCT
cblr-7157	1043	1	243	243	NUM
cblr-7157	1043	2	see	see	VERB
cblr-7157	1043	3	brudney	brudney	NOUN
cblr-7157	1043	4	,	,	PUNCT
cblr-7157	1043	5	supra	supra	PROPN
cblr-7157	1043	6	note	note	NOUN
cblr-7157	1043	7	242	242	NUM
cblr-7157	1043	8	,	,	PUNCT
cblr-7157	1043	9	at	at	ADP
cblr-7157	1043	10	611	611	NUM
cblr-7157	1043	11	.	.	PUNCT
cblr-7157	1044	1	in	in	ADP
cblr-7157	1044	2	a	a	DET
cblr-7157	1044	3	literal	literal	ADJ
cblr-7157	1044	4	nexus	nexus	NOUN
cblr-7157	1044	5	of	of	ADP
cblr-7157	1044	6	contracts	contract	NOUN
cblr-7157	1044	7	model	model	NOUN
cblr-7157	1044	8	,	,	PUNCT
cblr-7157	1044	9	however	however	ADV
cblr-7157	1044	10	,	,	PUNCT
cblr-7157	1044	11	managers	manager	NOUN
cblr-7157	1044	12	really	really	ADV
cblr-7157	1044	13	would	would	AUX
cblr-7157	1044	14	be	be	AUX
cblr-7157	1044	15	the	the	DET
cblr-7157	1044	16	agents	agent	NOUN
cblr-7157	1044	17	of	of	ADP
cblr-7157	1044	18	shareholders	shareholder	NOUN
cblr-7157	1044	19	(	(	PUNCT
cblr-7157	1044	20	and	and	CCONJ
cblr-7157	1044	21	every	every	DET
cblr-7157	1044	22	other	other	ADJ
cblr-7157	1044	23	contractual	contractual	ADJ
cblr-7157	1044	24	claimant	claimant	NOUN
cblr-7157	1044	25	)	)	PUNCT
cblr-7157	1044	26	,	,	PUNCT
cblr-7157	1044	27	in	in	ADP
cblr-7157	1044	28	a	a	DET
cblr-7157	1044	29	sense	sense	NOUN
cblr-7157	1044	30	.	.	PUNCT
cblr-7157	1045	1	this	this	PRON
cblr-7157	1045	2	is	be	AUX
cblr-7157	1045	3	because	because	SCONJ
cblr-7157	1045	4	they	they	PRON
cblr-7157	1045	5	would	would	AUX
cblr-7157	1045	6	be	be	AUX
cblr-7157	1045	7	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1045	8	(	(	PUNCT
cblr-7157	1045	9	do	do	AUX
cblr-7157	1045	10	not	not	PART
cblr-7157	1045	11	delete	delete	VERB
cblr-7157	1045	12	)	)	PUNCT
cblr-7157	1045	13	10/2/2020	10/2/2020	NUM
cblr-7157	1045	14	11:44	11:44	NUM
cblr-7157	1045	15	am	be	AUX
cblr-7157	1045	16	no	no	NOUN
cblr-7157	1045	17	.	.	PUNCT
cblr-7157	1046	1	1:1	1:1	NUM
cblr-7157	1046	2	]	]	X
cblr-7157	1046	3	a	a	DET
cblr-7157	1046	4	property	property	NOUN
cblr-7157	1046	5	theory	theory	NOUN
cblr-7157	1046	6	69	69	NUM
cblr-7157	1046	7	and	and	CCONJ
cblr-7157	1046	8	with	with	ADP
cblr-7157	1046	9	respect	respect	NOUN
cblr-7157	1046	10	to	to	ADP
cblr-7157	1046	11	assets	asset	NOUN
cblr-7157	1046	12	in	in	ADP
cblr-7157	1046	13	which	which	PRON
cblr-7157	1046	14	shareholders	shareholder	NOUN
cblr-7157	1046	15	have	have	VERB
cblr-7157	1046	16	a	a	DET
cblr-7157	1046	17	property	property	NOUN
cblr-7157	1046	18	interest	interest	NOUN
cblr-7157	1046	19	(	(	PUNCT
cblr-7157	1046	20	albeit	albeit	SCONJ
cblr-7157	1046	21	equitable	equitable	ADJ
cblr-7157	1046	22	and	and	CCONJ
cblr-7157	1046	23	not	not	PART
cblr-7157	1046	24	legal	legal	ADJ
cblr-7157	1046	25	)	)	PUNCT
cblr-7157	1046	26	creates	create	VERB
cblr-7157	1046	27	an	an	DET
cblr-7157	1046	28	analogy	analogy	NOUN
cblr-7157	1046	29	(	(	PUNCT
cblr-7157	1046	30	albeit	albeit	SCONJ
cblr-7157	1046	31	imperfect	imperfect	ADJ
cblr-7157	1046	32	)	)	PUNCT
cblr-7157	1046	33	to	to	ADP
cblr-7157	1046	34	the	the	DET
cblr-7157	1046	35	fiduciary	fiduciary	ADJ
cblr-7157	1046	36	relationship	relationship	NOUN
cblr-7157	1046	37	of	of	ADP
cblr-7157	1046	38	agency	agency	NOUN
cblr-7157	1046	39	.	.	PUNCT
cblr-7157	1047	1	thus	thus	ADV
cblr-7157	1047	2	,	,	PUNCT
cblr-7157	1047	3	the	the	DET
cblr-7157	1047	4	trust	trust	NOUN
cblr-7157	1047	5	and	and	CCONJ
cblr-7157	1047	6	principal	principal	ADJ
cblr-7157	1047	7	-	-	PUNCT
cblr-7157	1047	8	agent	agent	NOUN
cblr-7157	1047	9	relationships	relationship	NOUN
cblr-7157	1047	10	have	have	VERB
cblr-7157	1047	11	several	several	ADJ
cblr-7157	1047	12	features	feature	NOUN
cblr-7157	1047	13	in	in	ADP
cblr-7157	1047	14	common	common	ADJ
cblr-7157	1047	15	with	with	ADP
cblr-7157	1047	16	the	the	DET
cblr-7157	1047	17	corporation	corporation	NOUN
cblr-7157	1047	18	.	.	PUNCT
cblr-7157	1048	1	indeed	indeed	ADV
cblr-7157	1048	2	,	,	PUNCT
cblr-7157	1048	3	in	in	ADP
cblr-7157	1048	4	a	a	DET
cblr-7157	1048	5	sense	sense	NOUN
cblr-7157	1048	6	the	the	DET
cblr-7157	1048	7	corporate	corporate	ADJ
cblr-7157	1048	8	director	director	NOUN
cblr-7157	1048	9	’s	’s	PART
cblr-7157	1048	10	position	position	NOUN
cblr-7157	1048	11	is	be	AUX
cblr-7157	1048	12	the	the	DET
cblr-7157	1048	13	primary	primary	ADJ
cblr-7157	1048	14	place	place	NOUN
cblr-7157	1048	15	in	in	ADP
cblr-7157	1048	16	which	which	DET
cblr-7157	1048	17	agency	agency	NOUN
cblr-7157	1048	18	and	and	CCONJ
cblr-7157	1048	19	trusts	trust	NOUN
cblr-7157	1048	20	come	come	VERB
cblr-7157	1048	21	together	together	ADV
cblr-7157	1048	22	.	.	PUNCT
cblr-7157	1049	1	and	and	CCONJ
cblr-7157	1049	2	both	both	PRON
cblr-7157	1049	3	of	of	ADP
cblr-7157	1049	4	these	these	PRON
cblr-7157	1049	5	are	be	AUX
cblr-7157	1049	6	,	,	PUNCT
cblr-7157	1049	7	at	at	ADP
cblr-7157	1049	8	least	least	ADJ
cblr-7157	1049	9	in	in	ADP
cblr-7157	1049	10	part	part	NOUN
cblr-7157	1049	11	,	,	PUNCT
cblr-7157	1049	12	property	property	NOUN
cblr-7157	1049	13	-	-	PUNCT
cblr-7157	1049	14	based	base	VERB
cblr-7157	1049	15	relationships	relationship	NOUN
cblr-7157	1049	16	.	.	PUNCT
cblr-7157	1050	1	the	the	DET
cblr-7157	1050	2	property	property	NOUN
cblr-7157	1050	3	aspect	aspect	NOUN
cblr-7157	1050	4	of	of	ADP
cblr-7157	1050	5	corporate	corporate	ADJ
cblr-7157	1050	6	stock	stock	NOUN
cblr-7157	1050	7	connects	connect	VERB
cblr-7157	1050	8	to	to	ADP
cblr-7157	1050	9	the	the	DET
cblr-7157	1050	10	trust	trust	NOUN
cblr-7157	1050	11	aspect	aspect	NOUN
cblr-7157	1050	12	of	of	ADP
cblr-7157	1050	13	fiduciary	fiduciary	ADJ
cblr-7157	1050	14	duties	duty	NOUN
cblr-7157	1050	15	.	.	PUNCT
cblr-7157	1051	1	the	the	DET
cblr-7157	1051	2	agency	agency	NOUN
cblr-7157	1051	3	aspect	aspect	NOUN
cblr-7157	1051	4	connects	connect	VERB
cblr-7157	1051	5	to	to	ADP
cblr-7157	1051	6	the	the	DET
cblr-7157	1051	7	voting	voting	NOUN
cblr-7157	1051	8	right	right	ADV
cblr-7157	1051	9	as	as	ADP
cblr-7157	1051	10	being	be	AUX
cblr-7157	1051	11	the	the	DET
cblr-7157	1051	12	essential	essential	ADJ
cblr-7157	1051	13	part	part	NOUN
cblr-7157	1051	14	of	of	ADP
cblr-7157	1051	15	the	the	DET
cblr-7157	1051	16	property	property	NOUN
cblr-7157	1051	17	-	-	PUNCT
cblr-7157	1051	18	fiduciary	fiduciary	ADJ
cblr-7157	1051	19	connection	connection	NOUN
cblr-7157	1051	20	.	.	PUNCT
cblr-7157	1052	1	moving	move	VERB
cblr-7157	1052	2	from	from	ADP
cblr-7157	1052	3	fiduciary	fiduciary	ADJ
cblr-7157	1052	4	theory	theory	NOUN
cblr-7157	1052	5	to	to	ADP
cblr-7157	1052	6	corporate	corporate	ADJ
cblr-7157	1052	7	law	law	NOUN
cblr-7157	1052	8	,	,	PUNCT
cblr-7157	1052	9	the	the	DET
cblr-7157	1052	10	connection	connection	NOUN
cblr-7157	1052	11	becomes	become	VERB
cblr-7157	1052	12	clear	clear	ADJ
cblr-7157	1052	13	,	,	PUNCT
cblr-7157	1052	14	not	not	PART
cblr-7157	1052	15	just	just	ADV
cblr-7157	1052	16	between	between	ADP
cblr-7157	1052	17	property	property	NOUN
cblr-7157	1052	18	in	in	ADP
cblr-7157	1052	19	general	general	ADJ
cblr-7157	1052	20	and	and	CCONJ
cblr-7157	1052	21	fiduciary	fiduciary	ADJ
cblr-7157	1052	22	protections	protection	NOUN
cblr-7157	1052	23	,	,	PUNCT
cblr-7157	1052	24	but	but	CCONJ
cblr-7157	1052	25	between	between	ADP
cblr-7157	1052	26	voting	voting	NOUN
cblr-7157	1052	27	rights	right	NOUN
cblr-7157	1052	28	specifically	specifically	ADV
cblr-7157	1052	29	and	and	CCONJ
cblr-7157	1052	30	fiduciary	fiduciary	ADJ
cblr-7157	1052	31	protections	protection	NOUN
cblr-7157	1052	32	.	.	PUNCT
cblr-7157	1053	1	the	the	DET
cblr-7157	1053	2	voting	voting	NOUN
cblr-7157	1053	3	right	right	NOUN
cblr-7157	1053	4	is	be	AUX
cblr-7157	1053	5	one	one	NUM
cblr-7157	1053	6	that	that	PRON
cblr-7157	1053	7	is	be	AUX
cblr-7157	1053	8	singled	single	VERB
cblr-7157	1053	9	out	out	ADP
cblr-7157	1053	10	in	in	ADP
cblr-7157	1053	11	delaware	delaware	PROPN
cblr-7157	1053	12	law	law	PROPN
cblr-7157	1053	13	as	as	ADP
cblr-7157	1053	14	receiving	receive	VERB
cblr-7157	1053	15	special	special	ADJ
cblr-7157	1053	16	protection	protection	NOUN
cblr-7157	1053	17	from	from	ADP
cblr-7157	1053	18	board	board	NOUN
cblr-7157	1053	19	incursion	incursion	NOUN
cblr-7157	1053	20	;	;	PUNCT
cblr-7157	1053	21	attempts	attempt	VERB
cblr-7157	1053	22	to	to	PART
cblr-7157	1053	23	interfere	interfere	VERB
cblr-7157	1053	24	with	with	ADP
cblr-7157	1053	25	the	the	DET
cblr-7157	1053	26	shareholder	shareholder	NOUN
cblr-7157	1053	27	franchise	franchise	NOUN
cblr-7157	1053	28	triggers	trigger	VERB
cblr-7157	1053	29	heightened	heighten	VERB
cblr-7157	1053	30	scrutiny	scrutiny	NOUN
cblr-7157	1053	31	unlike	unlike	ADP
cblr-7157	1053	32	other	other	ADJ
cblr-7157	1053	33	changes	change	NOUN
cblr-7157	1053	34	to	to	PART
cblr-7157	1053	35	shareholder	shareholder	VERB
cblr-7157	1053	36	rights.244	rights.244	ADP
cblr-7157	1053	37	one	one	NUM
cblr-7157	1053	38	of	of	ADP
cblr-7157	1053	39	the	the	DET
cblr-7157	1053	40	strongest	strong	ADJ
cblr-7157	1053	41	pieces	piece	NOUN
cblr-7157	1053	42	of	of	ADP
cblr-7157	1053	43	evidence	evidence	NOUN
cblr-7157	1053	44	for	for	ADP
cblr-7157	1053	45	the	the	DET
cblr-7157	1053	46	direct	direct	ADJ
cblr-7157	1053	47	connection	connection	NOUN
cblr-7157	1053	48	of	of	ADP
cblr-7157	1053	49	shareholder	shareholder	NOUN
cblr-7157	1053	50	voting	vote	VERB
cblr-7157	1053	51	to	to	ADP
cblr-7157	1053	52	fiduciary	fiduciary	ADJ
cblr-7157	1053	53	duties	duty	NOUN
cblr-7157	1053	54	is	be	AUX
cblr-7157	1053	55	the	the	DET
cblr-7157	1053	56	“	"	PUNCT
cblr-7157	1053	57	cleansing	cleansing	NOUN
cblr-7157	1053	58	”	"	PUNCT
cblr-7157	1053	59	mechanisms	mechanism	NOUN
cblr-7157	1053	60	for	for	ADP
cblr-7157	1053	61	conflict	conflict	NOUN
cblr-7157	1053	62	of	of	ADP
cblr-7157	1053	63	interest	interest	NOUN
cblr-7157	1053	64	transactions	transaction	NOUN
cblr-7157	1053	65	under	under	ADP
cblr-7157	1053	66	corporate	corporate	ADJ
cblr-7157	1053	67	codes	code	NOUN
cblr-7157	1053	68	.	.	PUNCT
cblr-7157	1054	1	whether	whether	SCONJ
cblr-7157	1054	2	under	under	ADP
cblr-7157	1054	3	delaware	delaware	PROPN
cblr-7157	1054	4	’s	’s	PART
cblr-7157	1054	5	section	section	NOUN
cblr-7157	1054	6	144245	144245	NUM
cblr-7157	1054	7	or	or	CCONJ
cblr-7157	1054	8	the	the	DET
cblr-7157	1054	9	model	model	NOUN
cblr-7157	1054	10	business	business	PROPN
cblr-7157	1054	11	corporation	corporation	PROPN
cblr-7157	1054	12	act	act	PROPN
cblr-7157	1054	13	’s	’s	PART
cblr-7157	1054	14	subchapter	subchapter	NOUN
cblr-7157	1054	15	f,246	f,246	PROPN
cblr-7157	1054	16	conflict	conflict	NOUN
cblr-7157	1054	17	of	of	ADP
cblr-7157	1054	18	interest	interest	NOUN
cblr-7157	1054	19	transactions	transaction	NOUN
cblr-7157	1054	20	can	can	AUX
cblr-7157	1054	21	be	be	AUX
cblr-7157	1054	22	cleansed	cleanse	VERB
cblr-7157	1054	23	by	by	ADP
cblr-7157	1054	24	the	the	DET
cblr-7157	1054	25	vote	vote	NOUN
cblr-7157	1054	26	of	of	ADP
cblr-7157	1054	27	disinterested	disinterested	ADJ
cblr-7157	1054	28	shareholders	shareholder	NOUN
cblr-7157	1054	29	.	.	PUNCT
cblr-7157	1055	1	it	it	PRON
cblr-7157	1055	2	is	be	AUX
cblr-7157	1055	3	the	the	DET
cblr-7157	1055	4	empowered	empower	VERB
cblr-7157	1055	5	to	to	PART
cblr-7157	1055	6	change	change	VERB
cblr-7157	1055	7	the	the	DET
cblr-7157	1055	8	legal	legal	ADJ
cblr-7157	1055	9	relations	relation	NOUN
cblr-7157	1055	10	of	of	ADP
cblr-7157	1055	11	the	the	DET
cblr-7157	1055	12	corporation	corporation	NOUN
cblr-7157	1055	13	.	.	PUNCT
cblr-7157	1056	1	under	under	ADP
cblr-7157	1056	2	entity	entity	NOUN
cblr-7157	1056	3	theory	theory	NOUN
cblr-7157	1056	4	that	that	PRON
cblr-7157	1056	5	does	do	AUX
cblr-7157	1056	6	not	not	PART
cblr-7157	1056	7	make	make	VERB
cblr-7157	1056	8	them	they	PRON
cblr-7157	1056	9	agents	agent	NOUN
cblr-7157	1056	10	of	of	ADP
cblr-7157	1056	11	the	the	DET
cblr-7157	1056	12	shareholders	shareholder	NOUN
cblr-7157	1056	13	because	because	SCONJ
cblr-7157	1056	14	they	they	PRON
cblr-7157	1056	15	are	be	AUX
cblr-7157	1056	16	changing	change	VERB
cblr-7157	1056	17	the	the	DET
cblr-7157	1056	18	legal	legal	ADJ
cblr-7157	1056	19	relations	relation	NOUN
cblr-7157	1056	20	of	of	ADP
cblr-7157	1056	21	the	the	DET
cblr-7157	1056	22	corporation	corporation	NOUN
cblr-7157	1056	23	,	,	PUNCT
cblr-7157	1056	24	not	not	PART
cblr-7157	1056	25	the	the	DET
cblr-7157	1056	26	shareholders	shareholder	NOUN
cblr-7157	1056	27	.	.	PUNCT
cblr-7157	1057	1	but	but	CCONJ
cblr-7157	1057	2	under	under	ADP
cblr-7157	1057	3	nexus	nexus	NOUN
cblr-7157	1057	4	theory	theory	NOUN
cblr-7157	1057	5	,	,	PUNCT
cblr-7157	1057	6	the	the	DET
cblr-7157	1057	7	corporation	corporation	NOUN
cblr-7157	1057	8	is	be	AUX
cblr-7157	1057	9	a	a	DET
cblr-7157	1057	10	nexus	nexus	NOUN
cblr-7157	1057	11	of	of	ADP
cblr-7157	1057	12	contracts	contract	NOUN
cblr-7157	1057	13	,	,	PUNCT
cblr-7157	1057	14	so	so	ADV
cblr-7157	1057	15	to	to	PART
cblr-7157	1057	16	alter	alter	VERB
cblr-7157	1057	17	the	the	DET
cblr-7157	1057	18	corporation	corporation	NOUN
cblr-7157	1057	19	’s	’s	PART
cblr-7157	1057	20	legal	legal	ADJ
cblr-7157	1057	21	relations	relation	NOUN
cblr-7157	1057	22	is	be	AUX
cblr-7157	1057	23	to	to	PART
cblr-7157	1057	24	alter	alter	VERB
cblr-7157	1057	25	the	the	DET
cblr-7157	1057	26	contractual	contractual	ADJ
cblr-7157	1057	27	rights	right	NOUN
cblr-7157	1057	28	shareholders	shareholder	NOUN
cblr-7157	1057	29	hold	hold	VERB
cblr-7157	1057	30	in	in	ADP
cblr-7157	1057	31	the	the	DET
cblr-7157	1057	32	corporation	corporation	NOUN
cblr-7157	1057	33	.	.	PUNCT
cblr-7157	1058	1	that	that	PRON
cblr-7157	1058	2	is	be	AUX
cblr-7157	1058	3	inconsistent	inconsistent	ADJ
cblr-7157	1058	4	with	with	ADP
cblr-7157	1058	5	the	the	DET
cblr-7157	1058	6	fact	fact	NOUN
cblr-7157	1058	7	that	that	SCONJ
cblr-7157	1058	8	shareholders	shareholder	NOUN
cblr-7157	1058	9	have	have	AUX
cblr-7157	1058	10	no	no	DET
cblr-7157	1058	11	contractual	contractual	ADJ
cblr-7157	1058	12	obligations	obligation	NOUN
cblr-7157	1058	13	qua	qua	CCONJ
cblr-7157	1058	14	shareholders	shareholder	NOUN
cblr-7157	1058	15	to	to	ADP
cblr-7157	1058	16	the	the	DET
cblr-7157	1058	17	corporation	corporation	NOUN
cblr-7157	1058	18	or	or	CCONJ
cblr-7157	1058	19	anyone	anyone	PRON
cblr-7157	1058	20	else	else	ADV
cblr-7157	1058	21	,	,	PUNCT
cblr-7157	1058	22	further	far	ADV
cblr-7157	1058	23	establishing	establish	VERB
cblr-7157	1058	24	the	the	DET
cblr-7157	1058	25	importance	importance	NOUN
cblr-7157	1058	26	of	of	ADP
cblr-7157	1058	27	property	property	NOUN
cblr-7157	1058	28	to	to	ADP
cblr-7157	1058	29	the	the	DET
cblr-7157	1058	30	fiduciary	fiduciary	ADJ
cblr-7157	1058	31	relation	relation	NOUN
cblr-7157	1058	32	.	.	PUNCT
cblr-7157	1059	1	244	244	NUM
cblr-7157	1059	2	see	see	VERB
cblr-7157	1059	3	blasius	blasius	PROPN
cblr-7157	1059	4	indus	indus	PROPN
cblr-7157	1059	5	.	.	PROPN
cblr-7157	1059	6	,	,	PUNCT
cblr-7157	1059	7	inc	inc	PROPN
cblr-7157	1059	8	.	.	PROPN
cblr-7157	1060	1	v.	v.	PROPN
cblr-7157	1060	2	atlas	atlas	PROPN
cblr-7157	1060	3	corp	corp	PROPN
cblr-7157	1060	4	.	.	PROPN
cblr-7157	1060	5	,	,	PUNCT
cblr-7157	1060	6	564	564	NUM
cblr-7157	1060	7	a.2d	a.2d	NUM
cblr-7157	1060	8	651	651	NUM
cblr-7157	1060	9	,	,	PUNCT
cblr-7157	1060	10	659	659	NUM
cblr-7157	1060	11	(	(	PUNCT
cblr-7157	1060	12	del	del	PROPN
cblr-7157	1060	13	.	.	PROPN
cblr-7157	1060	14	ch	ch	PROPN
cblr-7157	1060	15	.	.	PROPN
cblr-7157	1060	16	1988	1988	NUM
cblr-7157	1060	17	)	)	PUNCT
cblr-7157	1060	18	.	.	PUNCT
cblr-7157	1061	1	245	245	NUM
cblr-7157	1061	2	see	see	VERB
cblr-7157	1061	3	del	del	PROPN
cblr-7157	1061	4	.	.	PROPN
cblr-7157	1061	5	code	code	PROPN
cblr-7157	1061	6	ann	ann	PROPN
cblr-7157	1061	7	.	.	PUNCT
cblr-7157	1062	1	tit	tit	PROPN
cblr-7157	1062	2	.	.	PROPN
cblr-7157	1063	1	8	8	NUM
cblr-7157	1063	2	,	,	PUNCT
cblr-7157	1063	3	§	§	PROPN
cblr-7157	1063	4	144	144	NUM
cblr-7157	1063	5	(	(	PUNCT
cblr-7157	1063	6	2019	2019	NUM
cblr-7157	1063	7	)	)	PUNCT
cblr-7157	1063	8	.	.	PUNCT
cblr-7157	1064	1	246	246	NUM
cblr-7157	1064	2	see	see	VERB
cblr-7157	1064	3	model	model	NOUN
cblr-7157	1064	4	bus	bus	PROPN
cblr-7157	1064	5	.	.	PUNCT
cblr-7157	1064	6	corp	corp	PROPN
cblr-7157	1064	7	.	.	PROPN
cblr-7157	1064	8	act	act	PROPN
cblr-7157	1064	9	§	§	PROPN
cblr-7157	1064	10	8.62	8.62	NUM
cblr-7157	1064	11	(	(	PUNCT
cblr-7157	1064	12	am	am	NOUN
cblr-7157	1064	13	.	.	PUNCT
cblr-7157	1064	14	bar	bar	NOUN
cblr-7157	1064	15	ass’n	ass’n	NUM
cblr-7157	1064	16	2016	2016	NUM
cblr-7157	1064	17	)	)	PUNCT
cblr-7157	1064	18	.	.	PUNCT
cblr-7157	1065	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1065	2	(	(	PUNCT
cblr-7157	1065	3	do	do	AUX
cblr-7157	1065	4	not	not	PART
cblr-7157	1065	5	delte	delte	VERB
cblr-7157	1065	6	)	)	PUNCT
cblr-7157	1065	7	10/2/2020	10/2/2020	NUM
cblr-7157	1065	8	11:44	11:44	NUM
cblr-7157	1065	9	am	am	NOUN
cblr-7157	1065	10	70	70	NUM
cblr-7157	1065	11	columbia	columbia	PROPN
cblr-7157	1065	12	business	business	NOUN
cblr-7157	1065	13	law	law	PROPN
cblr-7157	1065	14	review	review	NOUN
cblr-7157	1066	1	[	[	X
cblr-7157	1066	2	vol	vol	NOUN
cblr-7157	1066	3	.	.	PUNCT
cblr-7157	1066	4	2020	2020	NUM
cblr-7157	1066	5	voting	vote	VERB
cblr-7157	1066	6	shareholders	shareholder	NOUN
cblr-7157	1066	7	who	who	PRON
cblr-7157	1066	8	have	have	VERB
cblr-7157	1066	9	the	the	DET
cblr-7157	1066	10	ability	ability	NOUN
cblr-7157	1066	11	to	to	PART
cblr-7157	1066	12	sanitize	sanitize	VERB
cblr-7157	1066	13	fiduciary	fiduciary	ADJ
cblr-7157	1066	14	violations	violation	NOUN
cblr-7157	1066	15	,	,	PUNCT
cblr-7157	1066	16	and	and	CCONJ
cblr-7157	1066	17	no	no	DET
cblr-7157	1066	18	others.247	others.247	NOUN
cblr-7157	1066	19	the	the	DET
cblr-7157	1066	20	fact	fact	NOUN
cblr-7157	1066	21	that	that	SCONJ
cblr-7157	1066	22	this	this	DET
cblr-7157	1066	23	power	power	NOUN
cblr-7157	1066	24	to	to	PART
cblr-7157	1066	25	ratify	ratify	VERB
cblr-7157	1066	26	conflicted	conflicted	ADJ
cblr-7157	1066	27	transactions	transaction	NOUN
cblr-7157	1066	28	is	be	AUX
cblr-7157	1066	29	given	give	VERB
cblr-7157	1066	30	uniquely	uniquely	ADV
cblr-7157	1066	31	to	to	ADP
cblr-7157	1066	32	the	the	DET
cblr-7157	1066	33	voting	voting	NOUN
cblr-7157	1066	34	interests	interest	NOUN
cblr-7157	1066	35	is	be	AUX
cblr-7157	1066	36	significant	significant	ADJ
cblr-7157	1066	37	because	because	SCONJ
cblr-7157	1066	38	voting	vote	VERB
cblr-7157	1066	39	interests	interest	NOUN
cblr-7157	1066	40	and	and	CCONJ
cblr-7157	1066	41	economic	economic	ADJ
cblr-7157	1066	42	interests	interest	NOUN
cblr-7157	1066	43	may	may	AUX
cblr-7157	1066	44	differ	differ	VERB
cblr-7157	1066	45	from	from	ADP
cblr-7157	1066	46	one	one	NUM
cblr-7157	1066	47	another	another	DET
cblr-7157	1066	48	,	,	PUNCT
cblr-7157	1066	49	as	as	SCONJ
cblr-7157	1066	50	is	be	AUX
cblr-7157	1066	51	the	the	DET
cblr-7157	1066	52	case	case	NOUN
cblr-7157	1066	53	with	with	ADP
cblr-7157	1066	54	dual	dual	ADJ
cblr-7157	1066	55	-	-	PUNCT
cblr-7157	1066	56	class	class	NOUN
cblr-7157	1066	57	structures	structure	NOUN
cblr-7157	1066	58	or	or	CCONJ
cblr-7157	1066	59	,	,	PUNCT
cblr-7157	1066	60	in	in	ADP
cblr-7157	1066	61	the	the	DET
cblr-7157	1066	62	extreme	extreme	ADJ
cblr-7157	1066	63	case	case	NOUN
cblr-7157	1066	64	,	,	PUNCT
cblr-7157	1066	65	non	non	ADJ
cblr-7157	1066	66	-	-	ADJ
cblr-7157	1066	67	voting	voting	ADJ
cblr-7157	1066	68	stock.248	stock.248	NOUN
cblr-7157	1066	69	yet	yet	CCONJ
cblr-7157	1066	70	it	it	PRON
cblr-7157	1066	71	is	be	AUX
cblr-7157	1066	72	the	the	DET
cblr-7157	1066	73	voting	voting	NOUN
cblr-7157	1066	74	interests	interest	NOUN
cblr-7157	1066	75	that	that	PRON
cblr-7157	1066	76	have	have	VERB
cblr-7157	1066	77	the	the	DET
cblr-7157	1066	78	ability	ability	NOUN
cblr-7157	1066	79	to	to	PART
cblr-7157	1066	80	cleanse	cleanse	VERB
cblr-7157	1066	81	conflict	conflict	NOUN
cblr-7157	1066	82	of	of	ADP
cblr-7157	1066	83	interest	interest	NOUN
cblr-7157	1066	84	transactions	transaction	NOUN
cblr-7157	1066	85	from	from	ADP
cblr-7157	1066	86	fiduciary	fiduciary	ADJ
cblr-7157	1066	87	violations	violation	NOUN
cblr-7157	1066	88	and	and	CCONJ
cblr-7157	1066	89	avoid	avoid	VERB
cblr-7157	1066	90	a	a	DET
cblr-7157	1066	91	reviewing	reviewing	NOUN
cblr-7157	1066	92	court	court	NOUN
cblr-7157	1066	93	from	from	ADP
cblr-7157	1066	94	applying	apply	VERB
cblr-7157	1066	95	a	a	DET
cblr-7157	1066	96	fairness	fairness	NOUN
cblr-7157	1066	97	analysis	analysis	NOUN
cblr-7157	1066	98	,	,	PUNCT
cblr-7157	1066	99	not	not	PART
cblr-7157	1066	100	the	the	DET
cblr-7157	1066	101	economic	economic	ADJ
cblr-7157	1066	102	interests	interest	NOUN
cblr-7157	1066	103	of	of	ADP
cblr-7157	1066	104	all	all	DET
cblr-7157	1066	105	stockholders	stockholder	NOUN
cblr-7157	1066	106	generally	generally	ADV
cblr-7157	1066	107	(	(	PUNCT
cblr-7157	1066	108	including	include	VERB
cblr-7157	1066	109	non	non	ADJ
cblr-7157	1066	110	-	-	ADJ
cblr-7157	1066	111	voting	voting	ADJ
cblr-7157	1066	112	stock	stock	NOUN
cblr-7157	1066	113	)	)	PUNCT
cblr-7157	1066	114	.	.	PUNCT
cblr-7157	1067	1	the	the	DET
cblr-7157	1067	2	fact	fact	NOUN
cblr-7157	1067	3	that	that	SCONJ
cblr-7157	1067	4	voting	voting	NOUN
cblr-7157	1067	5	shares	share	NOUN
cblr-7157	1067	6	alone	alone	ADV
cblr-7157	1067	7	can	can	AUX
cblr-7157	1067	8	cleanse	cleanse	VERB
cblr-7157	1067	9	a	a	DET
cblr-7157	1067	10	fiduciary	fiduciary	ADJ
cblr-7157	1067	11	violation	violation	NOUN
cblr-7157	1067	12	strongly	strongly	ADV
cblr-7157	1067	13	suggests	suggest	VERB
cblr-7157	1067	14	that	that	SCONJ
cblr-7157	1067	15	the	the	DET
cblr-7157	1067	16	highest	high	ADJ
cblr-7157	1067	17	priority	priority	NOUN
cblr-7157	1067	18	fiduciary	fiduciary	ADJ
cblr-7157	1067	19	obligation	obligation	NOUN
cblr-7157	1067	20	is	be	AUX
cblr-7157	1067	21	owed	owe	VERB
cblr-7157	1067	22	to	to	ADP
cblr-7157	1067	23	the	the	DET
cblr-7157	1067	24	voting	voting	NOUN
cblr-7157	1067	25	shares	share	NOUN
cblr-7157	1067	26	alone.249	alone.249	NOUN
cblr-7157	1067	27	the	the	DET
cblr-7157	1067	28	implications	implication	NOUN
cblr-7157	1067	29	of	of	ADP
cblr-7157	1067	30	these	these	DET
cblr-7157	1067	31	property	property	NOUN
cblr-7157	1067	32	-	-	PUNCT
cblr-7157	1067	33	based	base	VERB
cblr-7157	1067	34	relationships	relationship	NOUN
cblr-7157	1067	35	for	for	ADP
cblr-7157	1067	36	fiduciary	fiduciary	ADJ
cblr-7157	1067	37	duties	duty	NOUN
cblr-7157	1067	38	and	and	CCONJ
cblr-7157	1067	39	the	the	DET
cblr-7157	1067	40	theory	theory	NOUN
cblr-7157	1067	41	of	of	ADP
cblr-7157	1067	42	the	the	DET
cblr-7157	1067	43	firm	firm	NOUN
cblr-7157	1067	44	are	be	AUX
cblr-7157	1067	45	elaborated	elaborate	VERB
cblr-7157	1067	46	in	in	ADP
cblr-7157	1067	47	part	part	NOUN
cblr-7157	1067	48	iv	iv	NUM
cblr-7157	1067	49	.	.	PUNCT
cblr-7157	1067	50	iv	iv	X
cblr-7157	1068	1	.	.	PUNCT
cblr-7157	1068	2	property	property	NOUN
cblr-7157	1068	3	versus	versus	ADP
cblr-7157	1068	4	contract	contract	NOUN
cblr-7157	1068	5	residual	residual	ADJ
cblr-7157	1068	6	claims	claim	NOUN
cblr-7157	1068	7	as	as	ADP
cblr-7157	1068	8	explanations	explanation	NOUN
cblr-7157	1068	9	of	of	ADP
cblr-7157	1068	10	fiduciary	fiduciary	ADJ
cblr-7157	1068	11	duties	duty	NOUN
cblr-7157	1068	12	the	the	DET
cblr-7157	1068	13	residual	residual	ADJ
cblr-7157	1068	14	nature	nature	NOUN
cblr-7157	1068	15	of	of	ADP
cblr-7157	1068	16	common	common	ADJ
cblr-7157	1068	17	stock	stock	NOUN
cblr-7157	1068	18	is	be	AUX
cblr-7157	1068	19	foundational	foundational	ADJ
cblr-7157	1068	20	to	to	ADP
cblr-7157	1068	21	both	both	CCONJ
cblr-7157	1068	22	the	the	DET
cblr-7157	1068	23	nexus	nexus	NOUN
cblr-7157	1068	24	of	of	ADP
cblr-7157	1068	25	contracts	contract	NOUN
cblr-7157	1068	26	theory	theory	NOUN
cblr-7157	1068	27	and	and	CCONJ
cblr-7157	1068	28	to	to	ADP
cblr-7157	1068	29	the	the	DET
cblr-7157	1068	30	property	property	NOUN
cblr-7157	1068	31	theory	theory	NOUN
cblr-7157	1068	32	.	.	PUNCT
cblr-7157	1069	1	under	under	ADP
cblr-7157	1069	2	the	the	DET
cblr-7157	1069	3	two	two	NUM
cblr-7157	1069	4	accounts	account	NOUN
cblr-7157	1069	5	,	,	PUNCT
cblr-7157	1069	6	however	however	ADV
cblr-7157	1069	7	,	,	PUNCT
cblr-7157	1069	8	the	the	DET
cblr-7157	1069	9	type	type	NOUN
cblr-7157	1069	10	of	of	ADP
cblr-7157	1069	11	residual	residual	ADJ
cblr-7157	1069	12	interest	interest	NOUN
cblr-7157	1069	13	at	at	ADP
cblr-7157	1069	14	issue	issue	NOUN
cblr-7157	1069	15	is	be	AUX
cblr-7157	1069	16	different	different	ADJ
cblr-7157	1069	17	.	.	PUNCT
cblr-7157	1070	1	the	the	DET
cblr-7157	1070	2	contractarian	contractarian	ADJ
cblr-7157	1070	3	model	model	NOUN
cblr-7157	1070	4	focuses	focus	VERB
cblr-7157	1070	5	on	on	ADP
cblr-7157	1070	6	the	the	DET
cblr-7157	1070	7	residual	residual	ADJ
cblr-7157	1070	8	economic	economic	ADJ
cblr-7157	1070	9	interests	interest	NOUN
cblr-7157	1070	10	of	of	ADP
cblr-7157	1070	11	the	the	DET
cblr-7157	1070	12	common	common	ADJ
cblr-7157	1070	13	stock	stock	NOUN
cblr-7157	1070	14	,	,	PUNCT
cblr-7157	1070	15	and	and	CCONJ
cblr-7157	1070	16	views	view	VERB
cblr-7157	1070	17	the	the	DET
cblr-7157	1070	18	common	common	ADJ
cblr-7157	1070	19	stock	stock	NOUN
cblr-7157	1070	20	’s	’s	PART
cblr-7157	1070	21	residual	residual	ADJ
cblr-7157	1070	22	economic	economic	ADJ
cblr-7157	1070	23	status	status	NOUN
cblr-7157	1070	24	as	as	ADP
cblr-7157	1070	25	the	the	DET
cblr-7157	1070	26	driver	driver	NOUN
cblr-7157	1070	27	of	of	ADP
cblr-7157	1070	28	both	both	DET
cblr-7157	1070	29	fiduciary	fiduciary	ADJ
cblr-7157	1070	30	duties	duty	NOUN
cblr-7157	1070	31	and	and	CCONJ
cblr-7157	1070	32	voting	voting	NOUN
cblr-7157	1070	33	rights	right	NOUN
cblr-7157	1070	34	.	.	PUNCT
cblr-7157	1071	1	the	the	DET
cblr-7157	1071	2	property	property	NOUN
cblr-7157	1071	3	theory	theory	NOUN
cblr-7157	1071	4	focuses	focus	VERB
cblr-7157	1071	5	on	on	ADP
cblr-7157	1071	6	the	the	DET
cblr-7157	1071	7	residual	residual	ADJ
cblr-7157	1071	8	control	control	NOUN
cblr-7157	1071	9	power	power	NOUN
cblr-7157	1071	10	common	common	ADJ
cblr-7157	1071	11	stockholders	stockholder	NOUN
cblr-7157	1071	12	247	247	NUM
cblr-7157	1071	13	both	both	CCONJ
cblr-7157	1071	14	the	the	DET
cblr-7157	1071	15	dgcl	dgcl	NOUN
cblr-7157	1071	16	and	and	CCONJ
cblr-7157	1071	17	the	the	DET
cblr-7157	1071	18	mbca	mbca	NOUN
cblr-7157	1071	19	refer	refer	VERB
cblr-7157	1071	20	specifically	specifically	ADV
cblr-7157	1071	21	to	to	ADP
cblr-7157	1071	22	the	the	DET
cblr-7157	1071	23	shareholders	shareholder	NOUN
cblr-7157	1071	24	“	"	PUNCT
cblr-7157	1071	25	entitled	entitle	VERB
cblr-7157	1071	26	to	to	PART
cblr-7157	1071	27	vote	vote	VERB
cblr-7157	1071	28	”	"	PUNCT
cblr-7157	1071	29	as	as	ADP
cblr-7157	1071	30	those	those	PRON
cblr-7157	1071	31	relevant	relevant	ADJ
cblr-7157	1071	32	for	for	ADP
cblr-7157	1071	33	the	the	DET
cblr-7157	1071	34	purpose	purpose	NOUN
cblr-7157	1071	35	of	of	ADP
cblr-7157	1071	36	cleansing	cleanse	VERB
cblr-7157	1071	37	conflict	conflict	NOUN
cblr-7157	1071	38	of	of	ADP
cblr-7157	1071	39	interest	interest	NOUN
cblr-7157	1071	40	transactions	transaction	NOUN
cblr-7157	1071	41	.	.	PUNCT
cblr-7157	1072	1	see	see	VERB
cblr-7157	1072	2	tit	tit	PROPN
cblr-7157	1072	3	.	.	PROPN
cblr-7157	1072	4	8	8	NUM
cblr-7157	1072	5	,	,	PUNCT
cblr-7157	1072	6	§	§	PROPN
cblr-7157	1072	7	144(a)(2	144(a)(2	NUM
cblr-7157	1072	8	)	)	PUNCT
cblr-7157	1072	9	(	(	PUNCT
cblr-7157	1072	10	referring	refer	VERB
cblr-7157	1072	11	to	to	ADP
cblr-7157	1072	12	“	"	PUNCT
cblr-7157	1072	13	the	the	DET
cblr-7157	1072	14	stockholders	stockholder	NOUN
cblr-7157	1072	15	entitled	entitle	VERB
cblr-7157	1072	16	to	to	PART
cblr-7157	1072	17	vote	vote	VERB
cblr-7157	1072	18	thereon	thereon	NOUN
cblr-7157	1072	19	”	"	PUNCT
cblr-7157	1072	20	)	)	PUNCT
cblr-7157	1072	21	;	;	PUNCT
cblr-7157	1072	22	model	model	NOUN
cblr-7157	1072	23	bus	bus	PROPN
cblr-7157	1072	24	.	.	PUNCT
cblr-7157	1072	25	corp	corp	PROPN
cblr-7157	1072	26	.	.	PROPN
cblr-7157	1072	27	act	act	PROPN
cblr-7157	1072	28	§	§	PROPN
cblr-7157	1072	29	8.63(c)(ii	8.63(c)(ii	NUM
cblr-7157	1072	30	)	)	PUNCT
cblr-7157	1072	31	(	(	PUNCT
cblr-7157	1072	32	defining	define	VERB
cblr-7157	1072	33	the	the	DET
cblr-7157	1072	34	“	"	PUNCT
cblr-7157	1072	35	qualified	qualified	ADJ
cblr-7157	1072	36	shares	share	NOUN
cblr-7157	1072	37	”	"	PUNCT
cblr-7157	1072	38	that	that	PRON
cblr-7157	1072	39	vote	vote	NOUN
cblr-7157	1072	40	to	to	PART
cblr-7157	1072	41	cleanse	cleanse	VERB
cblr-7157	1072	42	a	a	DET
cblr-7157	1072	43	transaction	transaction	NOUN
cblr-7157	1072	44	as	as	ADP
cblr-7157	1072	45	“	"	PUNCT
cblr-7157	1072	46	all	all	DET
cblr-7157	1072	47	shares	share	NOUN
cblr-7157	1072	48	entitled	entitle	VERB
cblr-7157	1072	49	to	to	PART
cblr-7157	1072	50	be	be	AUX
cblr-7157	1072	51	voted	vote	VERB
cblr-7157	1072	52	with	with	ADP
cblr-7157	1072	53	respect	respect	NOUN
cblr-7157	1072	54	to	to	ADP
cblr-7157	1072	55	the	the	DET
cblr-7157	1072	56	transaction	transaction	NOUN
cblr-7157	1072	57	”	"	PUNCT
cblr-7157	1072	58	that	that	PRON
cblr-7157	1072	59	meet	meet	VERB
cblr-7157	1072	60	certain	certain	ADJ
cblr-7157	1072	61	requirements	requirement	NOUN
cblr-7157	1072	62	of	of	ADP
cblr-7157	1072	63	disinterestedness	disinterestedness	NOUN
cblr-7157	1072	64	)	)	PUNCT
cblr-7157	1072	65	.	.	PUNCT
cblr-7157	1073	1	248	248	NUM
cblr-7157	1073	2	see	see	VERB
cblr-7157	1073	3	infra	infra	NOUN
cblr-7157	1073	4	section	section	NOUN
cblr-7157	1073	5	v.c	v.c	PROPN
cblr-7157	1073	6	.	.	PROPN
cblr-7157	1073	7	249	249	NUM
cblr-7157	1073	8	although	although	SCONJ
cblr-7157	1073	9	one	one	PRON
cblr-7157	1073	10	might	might	AUX
cblr-7157	1073	11	ask	ask	VERB
cblr-7157	1073	12	how	how	SCONJ
cblr-7157	1073	13	non	non	ADJ
cblr-7157	1073	14	-	-	ADJ
cblr-7157	1073	15	voting	voting	ADJ
cblr-7157	1073	16	shares	share	NOUN
cblr-7157	1073	17	would	would	AUX
cblr-7157	1073	18	be	be	AUX
cblr-7157	1073	19	able	able	ADJ
cblr-7157	1073	20	to	to	PART
cblr-7157	1073	21	vote	vote	VERB
cblr-7157	1073	22	,	,	PUNCT
cblr-7157	1073	23	such	such	DET
cblr-7157	1073	24	a	a	DET
cblr-7157	1073	25	mechanism	mechanism	NOUN
cblr-7157	1073	26	is	be	AUX
cblr-7157	1073	27	provided	provide	VERB
cblr-7157	1073	28	in	in	ADP
cblr-7157	1073	29	section	section	NOUN
cblr-7157	1073	30	242	242	NUM
cblr-7157	1073	31	of	of	ADP
cblr-7157	1073	32	the	the	DET
cblr-7157	1073	33	dgcl	dgcl	NOUN
cblr-7157	1073	34	.	.	PUNCT
cblr-7157	1074	1	see	see	VERB
cblr-7157	1074	2	tit	tit	PROPN
cblr-7157	1074	3	.	.	PROPN
cblr-7157	1074	4	8	8	NUM
cblr-7157	1074	5	,	,	PUNCT
cblr-7157	1074	6	§	§	PROPN
cblr-7157	1074	7	242(b)(2	242(b)(2	NUM
cblr-7157	1074	8	)	)	PUNCT
cblr-7157	1074	9	(	(	PUNCT
cblr-7157	1074	10	providing	provide	VERB
cblr-7157	1074	11	for	for	ADP
cblr-7157	1074	12	a	a	DET
cblr-7157	1074	13	required	require	VERB
cblr-7157	1074	14	vote	vote	NOUN
cblr-7157	1074	15	of	of	ADP
cblr-7157	1074	16	a	a	DET
cblr-7157	1074	17	class	class	NOUN
cblr-7157	1074	18	of	of	ADP
cblr-7157	1074	19	shares	share	NOUN
cblr-7157	1074	20	on	on	ADP
cblr-7157	1074	21	certain	certain	ADJ
cblr-7157	1074	22	amendments	amendment	NOUN
cblr-7157	1074	23	to	to	ADP
cblr-7157	1074	24	the	the	DET
cblr-7157	1074	25	charter	charter	NOUN
cblr-7157	1074	26	,	,	PUNCT
cblr-7157	1074	27	even	even	ADV
cblr-7157	1074	28	if	if	SCONJ
cblr-7157	1074	29	the	the	DET
cblr-7157	1074	30	class	class	NOUN
cblr-7157	1074	31	is	be	AUX
cblr-7157	1074	32	not	not	PART
cblr-7157	1074	33	otherwise	otherwise	ADV
cblr-7157	1074	34	allowed	allow	VERB
cblr-7157	1074	35	to	to	PART
cblr-7157	1074	36	vote	vote	VERB
cblr-7157	1074	37	)	)	PUNCT
cblr-7157	1074	38	.	.	PUNCT
cblr-7157	1075	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1075	2	(	(	PUNCT
cblr-7157	1075	3	do	do	AUX
cblr-7157	1075	4	not	not	PART
cblr-7157	1075	5	delete	delete	VERB
cblr-7157	1075	6	)	)	PUNCT
cblr-7157	1075	7	10/2/2020	10/2/2020	NUM
cblr-7157	1075	8	11:44	11:44	NUM
cblr-7157	1075	9	am	be	AUX
cblr-7157	1075	10	no	no	NOUN
cblr-7157	1075	11	.	.	PUNCT
cblr-7157	1075	12	1:1	1:1	NUM
cblr-7157	1075	13	]	]	X
cblr-7157	1075	14	a	a	DET
cblr-7157	1075	15	property	property	NOUN
cblr-7157	1075	16	theory	theory	NOUN
cblr-7157	1075	17	71	71	NUM
cblr-7157	1075	18	retain	retain	NOUN
cblr-7157	1075	19	in	in	ADP
cblr-7157	1075	20	the	the	DET
cblr-7157	1075	21	form	form	NOUN
cblr-7157	1075	22	of	of	ADP
cblr-7157	1075	23	their	their	PRON
cblr-7157	1075	24	voting	voting	NOUN
cblr-7157	1075	25	rights	right	NOUN
cblr-7157	1075	26	and	and	CCONJ
cblr-7157	1075	27	views	view	VERB
cblr-7157	1075	28	those	those	DET
cblr-7157	1075	29	voting	voting	NOUN
cblr-7157	1075	30	(	(	PUNCT
cblr-7157	1075	31	ownership	ownership	NOUN
cblr-7157	1075	32	)	)	PUNCT
cblr-7157	1075	33	interests	interest	NOUN
cblr-7157	1075	34	as	as	ADP
cblr-7157	1075	35	the	the	DET
cblr-7157	1075	36	driver	driver	NOUN
cblr-7157	1075	37	of	of	ADP
cblr-7157	1075	38	fiduciary	fiduciary	ADJ
cblr-7157	1075	39	duties	duty	NOUN
cblr-7157	1075	40	.	.	PUNCT
cblr-7157	1076	1	this	this	DET
cblr-7157	1076	2	part	part	NOUN
cblr-7157	1076	3	describes	describe	VERB
cblr-7157	1076	4	the	the	DET
cblr-7157	1076	5	relevance	relevance	NOUN
cblr-7157	1076	6	of	of	ADP
cblr-7157	1076	7	these	these	DET
cblr-7157	1076	8	two	two	NUM
cblr-7157	1076	9	versions	version	NOUN
cblr-7157	1076	10	of	of	ADP
cblr-7157	1076	11	residual	residual	ADJ
cblr-7157	1076	12	interests	interest	NOUN
cblr-7157	1076	13	and	and	CCONJ
cblr-7157	1076	14	their	their	PRON
cblr-7157	1076	15	implications	implication	NOUN
cblr-7157	1076	16	.	.	PUNCT
cblr-7157	1077	1	a.	a.	NOUN
cblr-7157	1077	2	revising	revise	VERB
cblr-7157	1077	3	residual	residual	ADJ
cblr-7157	1077	4	claimant	claimant	NOUN
cblr-7157	1077	5	analysis	analysis	NOUN
cblr-7157	1077	6	part	part	NOUN
cblr-7157	1077	7	iii	iii	NUM
cblr-7157	1077	8	examined	examine	VERB
cblr-7157	1077	9	the	the	DET
cblr-7157	1077	10	parts	part	NOUN
cblr-7157	1077	11	of	of	ADP
cblr-7157	1077	12	corporate	corporate	ADJ
cblr-7157	1077	13	law	law	NOUN
cblr-7157	1077	14	that	that	PRON
cblr-7157	1077	15	could	could	AUX
cblr-7157	1077	16	not	not	PART
cblr-7157	1077	17	be	be	AUX
cblr-7157	1077	18	replicated	replicate	VERB
cblr-7157	1077	19	by	by	ADP
cblr-7157	1077	20	contract	contract	NOUN
cblr-7157	1077	21	as	as	ADP
cblr-7157	1077	22	candidates	candidate	NOUN
cblr-7157	1077	23	for	for	ADP
cblr-7157	1077	24	being	be	AUX
cblr-7157	1077	25	the	the	DET
cblr-7157	1077	26	property	property	NOUN
cblr-7157	1077	27	interests	interest	NOUN
cblr-7157	1077	28	in	in	ADP
cblr-7157	1077	29	the	the	DET
cblr-7157	1077	30	corporation	corporation	NOUN
cblr-7157	1077	31	.	.	PUNCT
cblr-7157	1078	1	this	this	DET
cblr-7157	1078	2	part	part	NOUN
cblr-7157	1078	3	begins	begin	VERB
cblr-7157	1078	4	with	with	ADP
cblr-7157	1078	5	the	the	DET
cblr-7157	1078	6	flip	flip	ADJ
cblr-7157	1078	7	side	side	NOUN
cblr-7157	1078	8	of	of	ADP
cblr-7157	1078	9	this	this	DET
cblr-7157	1078	10	argument	argument	NOUN
cblr-7157	1078	11	,	,	PUNCT
cblr-7157	1078	12	examining	examine	VERB
cblr-7157	1078	13	the	the	DET
cblr-7157	1078	14	important	important	ADJ
cblr-7157	1078	15	rights	right	NOUN
cblr-7157	1078	16	that	that	PRON
cblr-7157	1078	17	can	can	AUX
cblr-7157	1078	18	be	be	AUX
cblr-7157	1078	19	replicated	replicate	VERB
cblr-7157	1078	20	by	by	ADP
cblr-7157	1078	21	contract	contract	NOUN
cblr-7157	1078	22	.	.	PUNCT
cblr-7157	1079	1	the	the	DET
cblr-7157	1079	2	most	most	ADV
cblr-7157	1079	3	important	important	ADJ
cblr-7157	1079	4	right	right	ADV
cblr-7157	1079	5	in	in	ADP
cblr-7157	1079	6	this	this	DET
cblr-7157	1079	7	category	category	NOUN
cblr-7157	1079	8	is	be	AUX
cblr-7157	1079	9	the	the	DET
cblr-7157	1079	10	economic	economic	ADJ
cblr-7157	1079	11	residual	residual	ADJ
cblr-7157	1079	12	right	right	NOUN
cblr-7157	1079	13	normally	normally	ADV
cblr-7157	1079	14	belonging	belong	VERB
cblr-7157	1079	15	to	to	ADP
cblr-7157	1079	16	common	common	ADJ
cblr-7157	1079	17	stock	stock	NOUN
cblr-7157	1079	18	.	.	PUNCT
cblr-7157	1080	1	the	the	DET
cblr-7157	1080	2	economic	economic	ADJ
cblr-7157	1080	3	residual	residual	NOUN
cblr-7157	1080	4	can	can	AUX
cblr-7157	1080	5	be	be	AUX
cblr-7157	1080	6	replicated	replicate	VERB
cblr-7157	1080	7	by	by	ADP
cblr-7157	1080	8	contract	contract	NOUN
cblr-7157	1080	9	without	without	ADP
cblr-7157	1080	10	using	use	VERB
cblr-7157	1080	11	stock	stock	NOUN
cblr-7157	1080	12	,	,	PUNCT
cblr-7157	1080	13	but	but	CCONJ
cblr-7157	1080	14	in	in	ADP
cblr-7157	1080	15	such	such	ADJ
cblr-7157	1080	16	cases	case	NOUN
cblr-7157	1080	17	produces	produce	VERB
cblr-7157	1080	18	dramatically	dramatically	ADV
cblr-7157	1080	19	different	different	ADJ
cblr-7157	1080	20	results	result	NOUN
cblr-7157	1080	21	in	in	ADP
cblr-7157	1080	22	legal	legal	ADJ
cblr-7157	1080	23	effect	effect	NOUN
cblr-7157	1080	24	.	.	PUNCT
cblr-7157	1081	1	the	the	DET
cblr-7157	1081	2	creation	creation	NOUN
cblr-7157	1081	3	of	of	ADP
cblr-7157	1081	4	economically	economically	ADV
cblr-7157	1081	5	equivalent	equivalent	ADJ
cblr-7157	1081	6	rights	right	NOUN
cblr-7157	1081	7	with	with	ADP
cblr-7157	1081	8	different	different	ADJ
cblr-7157	1081	9	legal	legal	ADJ
cblr-7157	1081	10	treatment	treatment	NOUN
cblr-7157	1081	11	illustrates	illustrate	VERB
cblr-7157	1081	12	the	the	DET
cblr-7157	1081	13	point	point	NOUN
cblr-7157	1081	14	that	that	SCONJ
cblr-7157	1081	15	fiduciary	fiduciary	ADJ
cblr-7157	1081	16	and	and	CCONJ
cblr-7157	1081	17	voting	voting	NOUN
cblr-7157	1081	18	rights	right	NOUN
cblr-7157	1081	19	come	come	VERB
cblr-7157	1081	20	from	from	ADP
cblr-7157	1081	21	residual	residual	ADJ
cblr-7157	1081	22	control	control	NOUN
cblr-7157	1081	23	rights	right	NOUN
cblr-7157	1081	24	,	,	PUNCT
cblr-7157	1081	25	not	not	PART
cblr-7157	1081	26	residual	residual	ADJ
cblr-7157	1081	27	economic	economic	ADJ
cblr-7157	1081	28	interests	interest	NOUN
cblr-7157	1081	29	.	.	PUNCT
cblr-7157	1082	1	consider	consider	VERB
cblr-7157	1082	2	,	,	PUNCT
cblr-7157	1082	3	for	for	ADP
cblr-7157	1082	4	example	example	NOUN
cblr-7157	1082	5	,	,	PUNCT
cblr-7157	1082	6	an	an	DET
cblr-7157	1082	7	in	in	ADP
cblr-7157	1082	8	-	-	PUNCT
cblr-7157	1082	9	the	the	DET
cblr-7157	1082	10	-	-	PUNCT
cblr-7157	1082	11	money	money	NOUN
cblr-7157	1082	12	warrant	warrant	NOUN
cblr-7157	1082	13	sold	sell	VERB
cblr-7157	1082	14	by	by	ADP
cblr-7157	1082	15	the	the	DET
cblr-7157	1082	16	corporation	corporation	NOUN
cblr-7157	1082	17	to	to	ADP
cblr-7157	1082	18	an	an	DET
cblr-7157	1082	19	investor	investor	NOUN
cblr-7157	1082	20	.	.	PUNCT
cblr-7157	1083	1	such	such	DET
cblr-7157	1083	2	an	an	DET
cblr-7157	1083	3	investment	investment	NOUN
cblr-7157	1083	4	replicates	replicate	VERB
cblr-7157	1083	5	the	the	DET
cblr-7157	1083	6	economic	economic	ADJ
cblr-7157	1083	7	interest	interest	NOUN
cblr-7157	1083	8	of	of	ADP
cblr-7157	1083	9	common	common	ADJ
cblr-7157	1083	10	stock	stock	NOUN
cblr-7157	1083	11	without	without	ADP
cblr-7157	1083	12	the	the	DET
cblr-7157	1083	13	voting	voting	NOUN
cblr-7157	1083	14	interest.250	interest.250	NOUN
cblr-7157	1083	15	as	as	ADP
cblr-7157	1083	16	a	a	DET
cblr-7157	1083	17	holder	holder	NOUN
cblr-7157	1083	18	of	of	ADP
cblr-7157	1083	19	a	a	DET
cblr-7157	1083	20	contractual	contractual	ADJ
cblr-7157	1083	21	right	right	NOUN
cblr-7157	1083	22	,	,	PUNCT
cblr-7157	1083	23	the	the	DET
cblr-7157	1083	24	warrant	warrant	NOUN
cblr-7157	1083	25	holder	holder	NOUN
cblr-7157	1083	26	will	will	AUX
cblr-7157	1083	27	not	not	PART
cblr-7157	1083	28	have	have	VERB
cblr-7157	1083	29	the	the	DET
cblr-7157	1083	30	benefit	benefit	NOUN
cblr-7157	1083	31	of	of	ADP
cblr-7157	1083	32	fiduciary	fiduciary	ADJ
cblr-7157	1083	33	duties,251	duties,251	PROPN
cblr-7157	1083	34	even	even	ADV
cblr-7157	1083	35	though	though	SCONJ
cblr-7157	1083	36	the	the	DET
cblr-7157	1083	37	holder	holder	NOUN
cblr-7157	1083	38	is	be	AUX
cblr-7157	1083	39	a	a	DET
cblr-7157	1083	40	residual	residual	ADJ
cblr-7157	1083	41	claimant	claimant	NOUN
cblr-7157	1083	42	in	in	ADP
cblr-7157	1083	43	all	all	DET
cblr-7157	1083	44	relevant	relevant	ADJ
cblr-7157	1083	45	respects	respect	NOUN
cblr-7157	1083	46	,	,	PUNCT
cblr-7157	1083	47	identical	identical	ADJ
cblr-7157	1083	48	to	to	ADP
cblr-7157	1083	49	the	the	DET
cblr-7157	1083	50	case	case	NOUN
cblr-7157	1083	51	of	of	ADP
cblr-7157	1083	52	common	common	ADJ
cblr-7157	1083	53	stock	stock	NOUN
cblr-7157	1083	54	.	.	PUNCT
cblr-7157	1084	1	this	this	PRON
cblr-7157	1084	2	is	be	AUX
cblr-7157	1084	3	an	an	DET
cblr-7157	1084	4	important	important	ADJ
cblr-7157	1084	5	point	point	NOUN
cblr-7157	1084	6	,	,	PUNCT
cblr-7157	1084	7	because	because	SCONJ
cblr-7157	1084	8	it	it	PRON
cblr-7157	1084	9	shows	show	VERB
cblr-7157	1084	10	that	that	SCONJ
cblr-7157	1084	11	fiduciary	fiduciary	ADJ
cblr-7157	1084	12	duties	duty	NOUN
cblr-7157	1084	13	do	do	AUX
cblr-7157	1084	14	not	not	PART
cblr-7157	1084	15	necessarily	necessarily	ADV
cblr-7157	1084	16	follow	follow	VERB
cblr-7157	1084	17	250	250	NUM
cblr-7157	1084	18	this	this	PRON
cblr-7157	1084	19	is	be	AUX
cblr-7157	1084	20	true	true	ADJ
cblr-7157	1084	21	only	only	ADV
cblr-7157	1084	22	under	under	ADP
cblr-7157	1084	23	certain	certain	ADJ
cblr-7157	1084	24	quite	quite	ADV
cblr-7157	1084	25	restrictive	restrictive	ADJ
cblr-7157	1084	26	conditions	condition	NOUN
cblr-7157	1084	27	that	that	PRON
cblr-7157	1084	28	differ	differ	VERB
cblr-7157	1084	29	substantially	substantially	ADV
cblr-7157	1084	30	from	from	ADP
cblr-7157	1084	31	real	real	ADJ
cblr-7157	1084	32	equity	equity	NOUN
cblr-7157	1084	33	markets	market	NOUN
cblr-7157	1084	34	.	.	PUNCT
cblr-7157	1085	1	see	see	PROPN
cblr-7157	1085	2	velasco	velasco	PROPN
cblr-7157	1085	3	,	,	PUNCT
cblr-7157	1085	4	supra	supra	PROPN
cblr-7157	1085	5	note	note	PROPN
cblr-7157	1085	6	8	8	NUM
cblr-7157	1085	7	,	,	PUNCT
cblr-7157	1085	8	at	at	ADP
cblr-7157	1085	9	917	917	NUM
cblr-7157	1085	10	.	.	PUNCT
cblr-7157	1086	1	however	however	ADV
cblr-7157	1086	2	,	,	PUNCT
cblr-7157	1086	3	the	the	DET
cblr-7157	1086	4	fact	fact	NOUN
cblr-7157	1086	5	that	that	SCONJ
cblr-7157	1086	6	the	the	DET
cblr-7157	1086	7	mechanism	mechanism	NOUN
cblr-7157	1086	8	is	be	AUX
cblr-7157	1086	9	not	not	PART
cblr-7157	1086	10	frequently	frequently	ADV
cblr-7157	1086	11	used	use	VERB
cblr-7157	1086	12	in	in	ADP
cblr-7157	1086	13	practice	practice	NOUN
cblr-7157	1086	14	only	only	ADV
cblr-7157	1086	15	shows	show	VERB
cblr-7157	1086	16	its	its	PRON
cblr-7157	1086	17	possible	possible	ADJ
cblr-7157	1086	18	inefficiency	inefficiency	NOUN
cblr-7157	1086	19	,	,	PUNCT
cblr-7157	1086	20	not	not	PART
cblr-7157	1086	21	its	its	PRON
cblr-7157	1086	22	theoretical	theoretical	ADJ
cblr-7157	1086	23	equivalence	equivalence	NOUN
cblr-7157	1086	24	to	to	ADP
cblr-7157	1086	25	common	common	ADJ
cblr-7157	1086	26	stock	stock	NOUN
cblr-7157	1086	27	ownership	ownership	NOUN
cblr-7157	1086	28	.	.	PUNCT
cblr-7157	1087	1	see	see	VERB
cblr-7157	1087	2	fischer	fischer	PROPN
cblr-7157	1087	3	black	black	PROPN
cblr-7157	1087	4	&	&	CCONJ
cblr-7157	1087	5	myron	myron	PROPN
cblr-7157	1087	6	scholes	scholes	PROPN
cblr-7157	1087	7	,	,	PUNCT
cblr-7157	1087	8	the	the	DET
cblr-7157	1087	9	pricing	pricing	NOUN
cblr-7157	1087	10	of	of	ADP
cblr-7157	1087	11	options	option	NOUN
cblr-7157	1087	12	and	and	CCONJ
cblr-7157	1087	13	corporate	corporate	ADJ
cblr-7157	1087	14	liabilities	liability	NOUN
cblr-7157	1087	15	,	,	PUNCT
cblr-7157	1087	16	81	81	NUM
cblr-7157	1087	17	j.	j.	PROPN
cblr-7157	1087	18	pol	pol	PROPN
cblr-7157	1087	19	.	.	PUNCT
cblr-7157	1088	1	econ	econ	PROPN
cblr-7157	1088	2	.	.	PUNCT
cblr-7157	1089	1	637	637	NUM
cblr-7157	1089	2	,	,	PUNCT
cblr-7157	1089	3	649–50	649–50	NUM
cblr-7157	1089	4	(	(	PUNCT
cblr-7157	1089	5	1973	1973	NUM
cblr-7157	1089	6	)	)	PUNCT
cblr-7157	1089	7	(	(	PUNCT
cblr-7157	1089	8	explaining	explain	VERB
cblr-7157	1089	9	how	how	SCONJ
cblr-7157	1089	10	option	option	NOUN
cblr-7157	1089	11	pricing	pricing	NOUN
cblr-7157	1089	12	theory	theory	NOUN
cblr-7157	1089	13	can	can	AUX
cblr-7157	1089	14	recharacterize	recharacterize	VERB
cblr-7157	1089	15	debt	debt	NOUN
cblr-7157	1089	16	as	as	ADP
cblr-7157	1089	17	ownership	ownership	NOUN
cblr-7157	1089	18	of	of	ADP
cblr-7157	1089	19	corporate	corporate	ADJ
cblr-7157	1089	20	assets	asset	NOUN
cblr-7157	1089	21	and	and	CCONJ
cblr-7157	1089	22	common	common	ADJ
cblr-7157	1089	23	stock	stock	NOUN
cblr-7157	1089	24	as	as	ADP
cblr-7157	1089	25	an	an	DET
cblr-7157	1089	26	option	option	NOUN
cblr-7157	1089	27	to	to	PART
cblr-7157	1089	28	acquire	acquire	VERB
cblr-7157	1089	29	those	those	DET
cblr-7157	1089	30	assets	asset	NOUN
cblr-7157	1089	31	by	by	ADP
cblr-7157	1089	32	paying	pay	VERB
cblr-7157	1089	33	the	the	DET
cblr-7157	1089	34	debt	debt	NOUN
cblr-7157	1089	35	)	)	PUNCT
cblr-7157	1089	36	.	.	PUNCT
cblr-7157	1090	1	251	251	NUM
cblr-7157	1090	2	see	see	VERB
cblr-7157	1090	3	feldman	feldman	PROPN
cblr-7157	1090	4	v.	v.	ADP
cblr-7157	1090	5	cutaia	cutaia	PROPN
cblr-7157	1090	6	,	,	PUNCT
cblr-7157	1090	7	c.a	c.a	PROPN
cblr-7157	1090	8	.	.	PROPN
cblr-7157	1091	1	no	no	PROPN
cblr-7157	1091	2	.	.	NOUN
cblr-7157	1092	1	1656	1656	NUM
cblr-7157	1092	2	-	-	SYM
cblr-7157	1092	3	n	n	CCONJ
cblr-7157	1092	4	,	,	PUNCT
cblr-7157	1092	5	2006	2006	NUM
cblr-7157	1092	6	wl	wl	NOUN
cblr-7157	1092	7	920420	920420	NUM
cblr-7157	1092	8	,	,	PUNCT
cblr-7157	1092	9	at	at	ADP
cblr-7157	1092	10	*	*	PROPN
cblr-7157	1092	11	6	6	NUM
cblr-7157	1092	12	n.37	n.37	PROPN
cblr-7157	1092	13	(	(	PUNCT
cblr-7157	1092	14	del	del	PROPN
cblr-7157	1092	15	.	.	PROPN
cblr-7157	1092	16	ch	ch	PROPN
cblr-7157	1092	17	.	.	PUNCT
cblr-7157	1092	18	apr	apr	PROPN
cblr-7157	1092	19	.	.	PROPN
cblr-7157	1092	20	5	5	NUM
cblr-7157	1092	21	,	,	PUNCT
cblr-7157	1092	22	2006	2006	NUM
cblr-7157	1092	23	)	)	PUNCT
cblr-7157	1092	24	(	(	PUNCT
cblr-7157	1092	25	“	"	PUNCT
cblr-7157	1092	26	the	the	DET
cblr-7157	1092	27	delaware	delaware	PROPN
cblr-7157	1092	28	supreme	supreme	PROPN
cblr-7157	1092	29	court	court	PROPN
cblr-7157	1092	30	has	have	AUX
cblr-7157	1092	31	consistently	consistently	ADV
cblr-7157	1092	32	held	hold	VERB
cblr-7157	1092	33	that	that	SCONJ
cblr-7157	1092	34	directors	director	NOUN
cblr-7157	1092	35	do	do	AUX
cblr-7157	1092	36	not	not	PART
cblr-7157	1092	37	owe	owe	VERB
cblr-7157	1092	38	fiduciary	fiduciary	ADJ
cblr-7157	1092	39	duties	duty	NOUN
cblr-7157	1092	40	to	to	ADP
cblr-7157	1092	41	future	future	ADJ
cblr-7157	1092	42	stockholders	stockholder	NOUN
cblr-7157	1092	43	.	.	PUNCT
cblr-7157	1092	44	”	"	PUNCT
cblr-7157	1092	45	)	)	PUNCT
cblr-7157	1092	46	.	.	PUNCT
cblr-7157	1093	1	instead	instead	ADV
cblr-7157	1093	2	,	,	PUNCT
cblr-7157	1093	3	the	the	DET
cblr-7157	1093	4	rights	right	NOUN
cblr-7157	1093	5	of	of	ADP
cblr-7157	1093	6	holders	holder	NOUN
cblr-7157	1093	7	of	of	ADP
cblr-7157	1093	8	warrants	warrant	NOUN
cblr-7157	1093	9	“	"	PUNCT
cblr-7157	1093	10	are	be	AUX
cblr-7157	1093	11	wholly	wholly	ADV
cblr-7157	1093	12	contractual	contractual	ADJ
cblr-7157	1093	13	.	.	PUNCT
cblr-7157	1093	14	”	"	PUNCT
cblr-7157	1094	1	aspen	aspen	PROPN
cblr-7157	1094	2	advisors	advisor	NOUN
cblr-7157	1094	3	llc	llc	PROPN
cblr-7157	1094	4	v.	v.	PROPN
cblr-7157	1094	5	united	united	PROPN
cblr-7157	1094	6	artists	artists	PROPN
cblr-7157	1094	7	theatre	theatre	PROPN
cblr-7157	1094	8	co.	co.	PROPN
cblr-7157	1094	9	,	,	PUNCT
cblr-7157	1094	10	861	861	NUM
cblr-7157	1094	11	a.2d	a.2d	NUM
cblr-7157	1094	12	1251	1251	NUM
cblr-7157	1094	13	,	,	PUNCT
cblr-7157	1094	14	1263	1263	NUM
cblr-7157	1094	15	(	(	PUNCT
cblr-7157	1094	16	del	del	PROPN
cblr-7157	1094	17	.	.	NOUN
cblr-7157	1094	18	2004	2004	NUM
cblr-7157	1094	19	)	)	PUNCT
cblr-7157	1094	20	.	.	PUNCT
cblr-7157	1095	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1095	2	(	(	PUNCT
cblr-7157	1095	3	do	do	AUX
cblr-7157	1095	4	not	not	PART
cblr-7157	1095	5	delte	delte	VERB
cblr-7157	1095	6	)	)	PUNCT
cblr-7157	1095	7	10/2/2020	10/2/2020	NUM
cblr-7157	1095	8	11:44	11:44	NUM
cblr-7157	1095	9	am	am	NOUN
cblr-7157	1095	10	72	72	NUM
cblr-7157	1095	11	columbia	columbia	PROPN
cblr-7157	1095	12	business	business	NOUN
cblr-7157	1095	13	law	law	PROPN
cblr-7157	1095	14	review	review	NOUN
cblr-7157	1095	15	[	[	X
cblr-7157	1095	16	vol	vol	NOUN
cblr-7157	1095	17	.	.	PUNCT
cblr-7157	1095	18	2020	2020	NUM
cblr-7157	1095	19	from	from	ADP
cblr-7157	1095	20	open	open	ADJ
cblr-7157	1095	21	-	-	PUNCT
cblr-7157	1095	22	ended	end	VERB
cblr-7157	1095	23	contracts	contract	NOUN
cblr-7157	1095	24	and	and	CCONJ
cblr-7157	1095	25	residual	residual	ADJ
cblr-7157	1095	26	claimant	claimant	ADJ
cblr-7157	1095	27	status	status	NOUN
cblr-7157	1095	28	,	,	PUNCT
cblr-7157	1095	29	as	as	SCONJ
cblr-7157	1095	30	easterbrook	easterbrook	PROPN
cblr-7157	1095	31	and	and	CCONJ
cblr-7157	1095	32	fischel	fischel	PROPN
cblr-7157	1095	33	argued	argue	VERB
cblr-7157	1095	34	.	.	PUNCT
cblr-7157	1096	1	warrant	warrant	NOUN
cblr-7157	1096	2	holders	holder	NOUN
cblr-7157	1096	3	can	can	AUX
cblr-7157	1096	4	have	have	VERB
cblr-7157	1096	5	both	both	PRON
cblr-7157	1096	6	of	of	ADP
cblr-7157	1096	7	these	these	DET
cblr-7157	1096	8	attributes	attribute	NOUN
cblr-7157	1096	9	,	,	PUNCT
cblr-7157	1096	10	and	and	CCONJ
cblr-7157	1096	11	yet	yet	ADV
cblr-7157	1096	12	fiduciary	fiduciary	ADJ
cblr-7157	1096	13	duties	duty	NOUN
cblr-7157	1096	14	do	do	AUX
cblr-7157	1096	15	not	not	PART
cblr-7157	1096	16	attach	attach	VERB
cblr-7157	1096	17	to	to	ADP
cblr-7157	1096	18	their	their	PRON
cblr-7157	1096	19	warrants	warrant	NOUN
cblr-7157	1096	20	.	.	PUNCT
cblr-7157	1097	1	the	the	DET
cblr-7157	1097	2	warrant	warrant	NOUN
cblr-7157	1097	3	example	example	NOUN
cblr-7157	1097	4	demonstrates	demonstrate	VERB
cblr-7157	1097	5	the	the	DET
cblr-7157	1097	6	flaw	flaw	NOUN
cblr-7157	1097	7	in	in	ADP
cblr-7157	1097	8	the	the	DET
cblr-7157	1097	9	contractarian	contractarian	ADJ
cblr-7157	1097	10	argument	argument	NOUN
cblr-7157	1097	11	that	that	SCONJ
cblr-7157	1097	12	voting	voting	NOUN
cblr-7157	1097	13	rights	right	NOUN
cblr-7157	1097	14	and	and	CCONJ
cblr-7157	1097	15	fiduciary	fiduciary	ADJ
cblr-7157	1097	16	protections	protection	NOUN
cblr-7157	1097	17	follow	follow	VERB
cblr-7157	1097	18	the	the	DET
cblr-7157	1097	19	residual	residual	ADJ
cblr-7157	1097	20	economic	economic	ADJ
cblr-7157	1097	21	claim	claim	NOUN
cblr-7157	1097	22	.	.	PUNCT
cblr-7157	1098	1	in	in	ADP
cblr-7157	1098	2	fact	fact	NOUN
cblr-7157	1098	3	,	,	PUNCT
cblr-7157	1098	4	the	the	DET
cblr-7157	1098	5	nexus	nexus	NOUN
cblr-7157	1098	6	of	of	ADP
cblr-7157	1098	7	contracts	contract	NOUN
cblr-7157	1098	8	approach	approach	NOUN
cblr-7157	1098	9	to	to	ADP
cblr-7157	1098	10	fiduciary	fiduciary	ADJ
cblr-7157	1098	11	duties	duty	NOUN
cblr-7157	1098	12	has	have	VERB
cblr-7157	1098	13	the	the	DET
cblr-7157	1098	14	sequence	sequence	NOUN
cblr-7157	1098	15	backward	backward	ADV
cblr-7157	1098	16	.	.	PUNCT
cblr-7157	1099	1	managers	manager	NOUN
cblr-7157	1099	2	do	do	AUX
cblr-7157	1099	3	not	not	PART
cblr-7157	1099	4	owe	owe	VERB
cblr-7157	1099	5	fiduciary	fiduciary	ADJ
cblr-7157	1099	6	duties	duty	NOUN
cblr-7157	1099	7	to	to	ADP
cblr-7157	1099	8	shareholders	shareholder	NOUN
cblr-7157	1099	9	because	because	SCONJ
cblr-7157	1099	10	shareholders	shareholder	NOUN
cblr-7157	1099	11	hold	hold	VERB
cblr-7157	1099	12	the	the	DET
cblr-7157	1099	13	corporation	corporation	NOUN
cblr-7157	1099	14	’s	’s	PART
cblr-7157	1099	15	residual	residual	ADJ
cblr-7157	1099	16	economic	economic	ADJ
cblr-7157	1099	17	interests	interest	NOUN
cblr-7157	1099	18	and	and	CCONJ
cblr-7157	1099	19	it	it	PRON
cblr-7157	1099	20	is	be	AUX
cblr-7157	1099	21	efficient	efficient	ADJ
cblr-7157	1099	22	to	to	PART
cblr-7157	1099	23	unite	unite	VERB
cblr-7157	1099	24	the	the	DET
cblr-7157	1099	25	two	two	NUM
cblr-7157	1099	26	.	.	PUNCT
cblr-7157	1100	1	managers	manager	NOUN
cblr-7157	1100	2	owe	owe	VERB
cblr-7157	1100	3	fiduciary	fiduciary	ADJ
cblr-7157	1100	4	duties	duty	NOUN
cblr-7157	1100	5	to	to	ADP
cblr-7157	1100	6	shareholders	shareholder	NOUN
cblr-7157	1100	7	because	because	SCONJ
cblr-7157	1100	8	shareholders	shareholder	NOUN
cblr-7157	1100	9	have	have	VERB
cblr-7157	1100	10	property	property	NOUN
cblr-7157	1100	11	interests	interest	NOUN
cblr-7157	1100	12	in	in	ADP
cblr-7157	1100	13	the	the	DET
cblr-7157	1100	14	residual	residual	ADJ
cblr-7157	1100	15	control	control	NOUN
cblr-7157	1100	16	of	of	ADP
cblr-7157	1100	17	the	the	DET
cblr-7157	1100	18	corporation	corporation	NOUN
cblr-7157	1100	19	(	(	PUNCT
cblr-7157	1100	20	through	through	ADP
cblr-7157	1100	21	their	their	PRON
cblr-7157	1100	22	voting	voting	NOUN
cblr-7157	1100	23	power	power	NOUN
cblr-7157	1100	24	)	)	PUNCT
cblr-7157	1100	25	and	and	CCONJ
cblr-7157	1100	26	shareholders	shareholder	NOUN
cblr-7157	1100	27	retain	retain	VERB
cblr-7157	1100	28	the	the	DET
cblr-7157	1100	29	residual	residual	ADJ
cblr-7157	1100	30	economic	economic	ADJ
cblr-7157	1100	31	interest	interest	NOUN
cblr-7157	1100	32	because	because	SCONJ
cblr-7157	1100	33	it	it	PRON
cblr-7157	1100	34	is	be	AUX
cblr-7157	1100	35	efficient	efficient	ADJ
cblr-7157	1100	36	to	to	PART
cblr-7157	1100	37	unite	unite	VERB
cblr-7157	1100	38	the	the	DET
cblr-7157	1100	39	two	two	NUM
cblr-7157	1100	40	.	.	PUNCT
cblr-7157	1101	1	when	when	SCONJ
cblr-7157	1101	2	a	a	DET
cblr-7157	1101	3	corporation	corporation	NOUN
cblr-7157	1101	4	is	be	AUX
cblr-7157	1101	5	created	create	VERB
cblr-7157	1101	6	,	,	PUNCT
cblr-7157	1101	7	those	those	PRON
cblr-7157	1101	8	who	who	PRON
cblr-7157	1101	9	contribute	contribute	VERB
cblr-7157	1101	10	assets	asset	NOUN
cblr-7157	1101	11	to	to	PART
cblr-7157	1101	12	it	it	PRON
cblr-7157	1101	13	give	give	VERB
cblr-7157	1101	14	away	away	ADP
cblr-7157	1101	15	their	their	PRON
cblr-7157	1101	16	legal	legal	ADJ
cblr-7157	1101	17	rights	right	NOUN
cblr-7157	1101	18	to	to	ADP
cblr-7157	1101	19	the	the	DET
cblr-7157	1101	20	property	property	NOUN
cblr-7157	1101	21	contributed	contribute	VERB
cblr-7157	1101	22	and	and	CCONJ
cblr-7157	1101	23	retain	retain	VERB
cblr-7157	1101	24	equitable	equitable	ADJ
cblr-7157	1101	25	rights	right	NOUN
cblr-7157	1101	26	.	.	PUNCT
cblr-7157	1102	1	this	this	PRON
cblr-7157	1102	2	does	do	AUX
cblr-7157	1102	3	not	not	PART
cblr-7157	1102	4	at	at	ADV
cblr-7157	1102	5	all	all	ADV
cblr-7157	1102	6	mean	mean	VERB
cblr-7157	1102	7	the	the	DET
cblr-7157	1102	8	conventional	conventional	ADJ
cblr-7157	1102	9	residual	residual	ADJ
cblr-7157	1102	10	claimant	claimant	NOUN
cblr-7157	1102	11	analysis	analysis	NOUN
cblr-7157	1102	12	is	be	AUX
cblr-7157	1102	13	incorrect	incorrect	ADJ
cblr-7157	1102	14	,	,	PUNCT
cblr-7157	1102	15	just	just	ADV
cblr-7157	1102	16	that	that	SCONJ
cblr-7157	1102	17	it	it	PRON
cblr-7157	1102	18	is	be	AUX
cblr-7157	1102	19	backward	backward	ADJ
cblr-7157	1102	20	.	.	PUNCT
cblr-7157	1103	1	property	property	NOUN
cblr-7157	1103	2	owners	owner	NOUN
cblr-7157	1103	3	choose	choose	VERB
cblr-7157	1103	4	to	to	PART
cblr-7157	1103	5	retain	retain	VERB
cblr-7157	1103	6	the	the	DET
cblr-7157	1103	7	right	right	NOUN
cblr-7157	1103	8	to	to	ADP
cblr-7157	1103	9	fiduciary	fiduciary	ADJ
cblr-7157	1103	10	duties	duty	NOUN
cblr-7157	1103	11	because	because	SCONJ
cblr-7157	1103	12	they	they	PRON
cblr-7157	1103	13	also	also	ADV
cblr-7157	1103	14	choose	choose	VERB
cblr-7157	1103	15	to	to	PART
cblr-7157	1103	16	retain	retain	VERB
cblr-7157	1103	17	the	the	DET
cblr-7157	1103	18	economic	economic	ADJ
cblr-7157	1103	19	residual	residual	ADJ
cblr-7157	1103	20	,	,	PUNCT
cblr-7157	1103	21	and	and	CCONJ
cblr-7157	1103	22	it	it	PRON
cblr-7157	1103	23	makes	make	VERB
cblr-7157	1103	24	sense	sense	NOUN
cblr-7157	1103	25	to	to	PART
cblr-7157	1103	26	keep	keep	VERB
cblr-7157	1103	27	the	the	DET
cblr-7157	1103	28	two	two	NUM
cblr-7157	1103	29	rights	right	NOUN
cblr-7157	1103	30	together	together	ADV
cblr-7157	1103	31	for	for	ADP
cblr-7157	1103	32	exactly	exactly	ADV
cblr-7157	1103	33	the	the	DET
cblr-7157	1103	34	reasons	reason	NOUN
cblr-7157	1103	35	the	the	DET
cblr-7157	1103	36	law	law	NOUN
cblr-7157	1103	37	and	and	CCONJ
cblr-7157	1103	38	economics	economic	NOUN
cblr-7157	1103	39	literature	literature	PROPN
cblr-7157	1103	40	says	say	VERB
cblr-7157	1103	41	.	.	PUNCT
cblr-7157	1104	1	but	but	CCONJ
cblr-7157	1104	2	the	the	DET
cblr-7157	1104	3	rights	right	NOUN
cblr-7157	1104	4	do	do	AUX
cblr-7157	1104	5	not	not	PART
cblr-7157	1104	6	come	come	VERB
cblr-7157	1104	7	from	from	ADP
cblr-7157	1104	8	the	the	DET
cblr-7157	1104	9	economic	economic	ADJ
cblr-7157	1104	10	residual	residual	NOUN
cblr-7157	1104	11	merely	merely	ADV
cblr-7157	1104	12	because	because	SCONJ
cblr-7157	1104	13	it	it	PRON
cblr-7157	1104	14	is	be	AUX
cblr-7157	1104	15	generally	generally	ADV
cblr-7157	1104	16	efficient	efficient	ADJ
cblr-7157	1104	17	to	to	PART
cblr-7157	1104	18	unify	unify	VERB
cblr-7157	1104	19	them	they	PRON
cblr-7157	1104	20	.	.	PUNCT
cblr-7157	1105	1	thus	thus	ADV
cblr-7157	1105	2	,	,	PUNCT
cblr-7157	1105	3	while	while	SCONJ
cblr-7157	1105	4	the	the	DET
cblr-7157	1105	5	conventional	conventional	ADJ
cblr-7157	1105	6	law	law	NOUN
cblr-7157	1105	7	and	and	CCONJ
cblr-7157	1105	8	economics	economic	NOUN
cblr-7157	1105	9	wisdom	wisdom	NOUN
cblr-7157	1105	10	is	be	AUX
cblr-7157	1105	11	that	that	SCONJ
cblr-7157	1105	12	shareholders	shareholder	NOUN
cblr-7157	1105	13	are	be	AUX
cblr-7157	1105	14	owed	owe	VERB
cblr-7157	1105	15	fiduciary	fiduciary	ADJ
cblr-7157	1105	16	duties	duty	NOUN
cblr-7157	1105	17	because	because	SCONJ
cblr-7157	1105	18	they	they	PRON
cblr-7157	1105	19	hold	hold	VERB
cblr-7157	1105	20	the	the	DET
cblr-7157	1105	21	residual	residual	ADJ
cblr-7157	1105	22	economic	economic	ADJ
cblr-7157	1105	23	interest	interest	NOUN
cblr-7157	1105	24	and	and	CCONJ
cblr-7157	1105	25	it	it	PRON
cblr-7157	1105	26	is	be	AUX
cblr-7157	1105	27	efficient	efficient	ADJ
cblr-7157	1105	28	to	to	PART
cblr-7157	1105	29	allocate	allocate	VERB
cblr-7157	1105	30	fiduciary	fiduciary	ADJ
cblr-7157	1105	31	rights	right	NOUN
cblr-7157	1105	32	to	to	ADP
cblr-7157	1105	33	the	the	DET
cblr-7157	1105	34	residual	residual	ADJ
cblr-7157	1105	35	holder	holder	NOUN
cblr-7157	1105	36	,	,	PUNCT
cblr-7157	1105	37	the	the	DET
cblr-7157	1105	38	property	property	NOUN
cblr-7157	1105	39	theory	theory	NOUN
cblr-7157	1105	40	says	say	VERB
cblr-7157	1105	41	that	that	SCONJ
cblr-7157	1105	42	,	,	PUNCT
cblr-7157	1105	43	instead	instead	ADV
cblr-7157	1105	44	,	,	PUNCT
cblr-7157	1105	45	shareholders	shareholder	NOUN
cblr-7157	1105	46	are	be	AUX
cblr-7157	1105	47	owed	owe	VERB
cblr-7157	1105	48	fiduciary	fiduciary	ADJ
cblr-7157	1105	49	duties	duty	NOUN
cblr-7157	1105	50	because	because	SCONJ
cblr-7157	1105	51	of	of	ADP
cblr-7157	1105	52	their	their	PRON
cblr-7157	1105	53	proprietary	proprietary	ADJ
cblr-7157	1105	54	relationship	relationship	NOUN
cblr-7157	1105	55	to	to	ADP
cblr-7157	1105	56	the	the	DET
cblr-7157	1105	57	corporation	corporation	NOUN
cblr-7157	1105	58	.	.	PUNCT
cblr-7157	1106	1	shareholders	shareholder	NOUN
cblr-7157	1106	2	choose	choose	VERB
cblr-7157	1106	3	to	to	PART
cblr-7157	1106	4	retain	retain	VERB
cblr-7157	1106	5	the	the	DET
cblr-7157	1106	6	residual	residual	ADJ
cblr-7157	1106	7	economic	economic	ADJ
cblr-7157	1106	8	interest	interest	NOUN
cblr-7157	1106	9	because	because	SCONJ
cblr-7157	1106	10	it	it	PRON
cblr-7157	1106	11	is	be	AUX
cblr-7157	1106	12	efficient	efficient	ADJ
cblr-7157	1106	13	to	to	PART
cblr-7157	1106	14	do	do	VERB
cblr-7157	1106	15	so	so	ADV
cblr-7157	1106	16	.	.	PUNCT
cblr-7157	1107	1	this	this	DET
cblr-7157	1107	2	way	way	NOUN
cblr-7157	1107	3	of	of	ADP
cblr-7157	1107	4	looking	look	VERB
cblr-7157	1107	5	at	at	ADP
cblr-7157	1107	6	the	the	DET
cblr-7157	1107	7	corporation	corporation	NOUN
cblr-7157	1107	8	and	and	CCONJ
cblr-7157	1107	9	fiduciary	fiduciary	ADJ
cblr-7157	1107	10	duties	duty	NOUN
cblr-7157	1107	11	has	have	VERB
cblr-7157	1107	12	several	several	ADJ
cblr-7157	1107	13	advantages	advantage	NOUN
cblr-7157	1107	14	over	over	ADP
cblr-7157	1107	15	existing	exist	VERB
cblr-7157	1107	16	contractarian	contractarian	ADJ
cblr-7157	1107	17	perspectives	perspective	NOUN
cblr-7157	1107	18	.	.	PUNCT
cblr-7157	1108	1	a	a	DET
cblr-7157	1108	2	clear	clear	ADJ
cblr-7157	1108	3	theoretical	theoretical	ADJ
cblr-7157	1108	4	vulnerability	vulnerability	NOUN
cblr-7157	1108	5	of	of	ADP
cblr-7157	1108	6	the	the	DET
cblr-7157	1108	7	contractarian	contractarian	ADJ
cblr-7157	1108	8	account	account	NOUN
cblr-7157	1108	9	is	be	AUX
cblr-7157	1108	10	that	that	SCONJ
cblr-7157	1108	11	shareholders	shareholder	NOUN
cblr-7157	1108	12	are	be	AUX
cblr-7157	1108	13	not	not	PART
cblr-7157	1108	14	the	the	DET
cblr-7157	1108	15	only	only	ADJ
cblr-7157	1108	16	residual	residual	ADJ
cblr-7157	1108	17	economic	economic	ADJ
cblr-7157	1108	18	claimants	claimant	NOUN
cblr-7157	1108	19	on	on	ADP
cblr-7157	1108	20	the	the	DET
cblr-7157	1108	21	corporation	corporation	NOUN
cblr-7157	1108	22	.	.	PUNCT
cblr-7157	1109	1	constituencies	constituency	NOUN
cblr-7157	1109	2	other	other	ADJ
cblr-7157	1109	3	than	than	ADP
cblr-7157	1109	4	shareholders	shareholder	NOUN
cblr-7157	1109	5	stand	stand	VERB
cblr-7157	1109	6	to	to	PART
cblr-7157	1109	7	benefit	benefit	VERB
cblr-7157	1109	8	or	or	CCONJ
cblr-7157	1109	9	suffer	suffer	AUX
cblr-7157	1109	10	based	base	VERB
cblr-7157	1109	11	on	on	ADP
cblr-7157	1109	12	the	the	DET
cblr-7157	1109	13	success	success	NOUN
cblr-7157	1109	14	of	of	ADP
cblr-7157	1109	15	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1109	16	(	(	PUNCT
cblr-7157	1109	17	do	do	AUX
cblr-7157	1109	18	not	not	PART
cblr-7157	1109	19	delete	delete	VERB
cblr-7157	1109	20	)	)	PUNCT
cblr-7157	1109	21	10/2/2020	10/2/2020	NUM
cblr-7157	1109	22	11:44	11:44	NUM
cblr-7157	1109	23	am	be	AUX
cblr-7157	1109	24	no	no	NOUN
cblr-7157	1109	25	.	.	PUNCT
cblr-7157	1109	26	1:1	1:1	NUM
cblr-7157	1109	27	]	]	X
cblr-7157	1109	28	a	a	DET
cblr-7157	1109	29	property	property	NOUN
cblr-7157	1109	30	theory	theory	NOUN
cblr-7157	1109	31	73	73	NUM
cblr-7157	1109	32	the	the	DET
cblr-7157	1109	33	corporation	corporation	NOUN
cblr-7157	1109	34	,	,	PUNCT
cblr-7157	1109	35	and	and	CCONJ
cblr-7157	1109	36	their	their	PRON
cblr-7157	1109	37	interest	interest	NOUN
cblr-7157	1109	38	resembles	resemble	VERB
cblr-7157	1109	39	a	a	DET
cblr-7157	1109	40	residual	residual	ADJ
cblr-7157	1109	41	interest	interest	NOUN
cblr-7157	1109	42	.	.	PUNCT
cblr-7157	1110	1	moreover	moreover	ADV
cblr-7157	1110	2	,	,	PUNCT
cblr-7157	1110	3	contractarian	contractarian	ADJ
cblr-7157	1110	4	theory	theory	NOUN
cblr-7157	1110	5	assumes	assume	VERB
cblr-7157	1110	6	these	these	DET
cblr-7157	1110	7	other	other	ADJ
cblr-7157	1110	8	constituencies	constituency	NOUN
cblr-7157	1110	9	can	can	AUX
cblr-7157	1110	10	simply	simply	ADV
cblr-7157	1110	11	protect	protect	VERB
cblr-7157	1110	12	their	their	PRON
cblr-7157	1110	13	interests	interest	NOUN
cblr-7157	1110	14	through	through	ADP
cblr-7157	1110	15	contract	contract	NOUN
cblr-7157	1110	16	,	,	PUNCT
cblr-7157	1110	17	but	but	CCONJ
cblr-7157	1110	18	they	they	PRON
cblr-7157	1110	19	face	face	VERB
cblr-7157	1110	20	similar	similar	ADJ
cblr-7157	1110	21	challenges	challenge	NOUN
cblr-7157	1110	22	to	to	ADP
cblr-7157	1110	23	shareholders	shareholder	NOUN
cblr-7157	1110	24	in	in	ADP
cblr-7157	1110	25	protecting	protect	VERB
cblr-7157	1110	26	their	their	PRON
cblr-7157	1110	27	interests	interest	NOUN
cblr-7157	1110	28	through	through	ADP
cblr-7157	1110	29	contract	contract	NOUN
cblr-7157	1110	30	,	,	PUNCT
cblr-7157	1110	31	given	give	VERB
cblr-7157	1110	32	the	the	DET
cblr-7157	1110	33	impossibility	impossibility	NOUN
cblr-7157	1110	34	of	of	ADP
cblr-7157	1110	35	complete	complete	ADJ
cblr-7157	1110	36	contracts.252	contracts.252	NOUN
cblr-7157	1110	37	thus	thus	ADV
cblr-7157	1110	38	,	,	PUNCT
cblr-7157	1110	39	the	the	DET
cblr-7157	1110	40	argument	argument	NOUN
cblr-7157	1110	41	for	for	ADP
cblr-7157	1110	42	shareholder	shareholder	NOUN
cblr-7157	1110	43	primacy	primacy	NOUN
cblr-7157	1110	44	which	which	PRON
cblr-7157	1110	45	emphasizes	emphasize	VERB
cblr-7157	1110	46	the	the	DET
cblr-7157	1110	47	vulnerability	vulnerability	NOUN
cblr-7157	1110	48	of	of	ADP
cblr-7157	1110	49	the	the	DET
cblr-7157	1110	50	common	common	ADJ
cblr-7157	1110	51	stock	stock	NOUN
cblr-7157	1110	52	overlooks	overlook	VERB
cblr-7157	1110	53	the	the	DET
cblr-7157	1110	54	vulnerability	vulnerability	NOUN
cblr-7157	1110	55	of	of	ADP
cblr-7157	1110	56	other	other	ADJ
cblr-7157	1110	57	constituencies	constituency	NOUN
cblr-7157	1110	58	.	.	PUNCT
cblr-7157	1111	1	the	the	DET
cblr-7157	1111	2	argument	argument	NOUN
cblr-7157	1111	3	for	for	ADP
cblr-7157	1111	4	shareholder	shareholder	NOUN
cblr-7157	1111	5	primacy	primacy	NOUN
cblr-7157	1111	6	based	base	VERB
cblr-7157	1111	7	on	on	ADP
cblr-7157	1111	8	its	its	PRON
cblr-7157	1111	9	residual	residual	ADJ
cblr-7157	1111	10	claim	claim	NOUN
cblr-7157	1111	11	overlooks	overlook	VERB
cblr-7157	1111	12	that	that	SCONJ
cblr-7157	1111	13	there	there	PRON
cblr-7157	1111	14	are	be	VERB
cblr-7157	1111	15	other	other	ADJ
cblr-7157	1111	16	residual	residual	ADJ
cblr-7157	1111	17	claimants	claimant	NOUN
cblr-7157	1111	18	on	on	ADP
cblr-7157	1111	19	the	the	DET
cblr-7157	1111	20	corporation	corporation	NOUN
cblr-7157	1111	21	.	.	PUNCT
cblr-7157	1112	1	the	the	DET
cblr-7157	1112	2	response	response	NOUN
cblr-7157	1112	3	of	of	ADP
cblr-7157	1112	4	contract	contract	NOUN
cblr-7157	1112	5	theorists	theorist	NOUN
cblr-7157	1112	6	is	be	AUX
cblr-7157	1112	7	that	that	SCONJ
cblr-7157	1112	8	the	the	DET
cblr-7157	1112	9	fact	fact	NOUN
cblr-7157	1112	10	that	that	SCONJ
cblr-7157	1112	11	there	there	PRON
cblr-7157	1112	12	are	be	VERB
cblr-7157	1112	13	externalities	externality	NOUN
cblr-7157	1112	14	to	to	ADP
cblr-7157	1112	15	corporate	corporate	ADJ
cblr-7157	1112	16	decisions	decision	NOUN
cblr-7157	1112	17	does	do	AUX
cblr-7157	1112	18	not	not	PART
cblr-7157	1112	19	implicate	implicate	VERB
cblr-7157	1112	20	fiduciary	fiduciary	ADJ
cblr-7157	1112	21	duties	duty	NOUN
cblr-7157	1112	22	.	.	PUNCT
cblr-7157	1113	1	most	most	ADJ
cblr-7157	1113	2	theorists	theorist	NOUN
cblr-7157	1113	3	do	do	AUX
cblr-7157	1113	4	n’t	not	PART
cblr-7157	1113	5	expect	expect	VERB
cblr-7157	1113	6	boards	board	NOUN
cblr-7157	1113	7	to	to	PART
cblr-7157	1113	8	take	take	VERB
cblr-7157	1113	9	all	all	DET
cblr-7157	1113	10	externalities	externality	NOUN
cblr-7157	1113	11	into	into	ADP
cblr-7157	1113	12	account	account	NOUN
cblr-7157	1113	13	when	when	SCONJ
cblr-7157	1113	14	making	make	VERB
cblr-7157	1113	15	decisions253	decisions253	PROPN
cblr-7157	1113	16	(	(	PUNCT
cblr-7157	1113	17	although	although	SCONJ
cblr-7157	1113	18	there	there	PRON
cblr-7157	1113	19	are	be	VERB
cblr-7157	1113	20	exceptions254	exceptions254	PROPN
cblr-7157	1113	21	)	)	PUNCT
cblr-7157	1113	22	.	.	PUNCT
cblr-7157	1114	1	for	for	ADP
cblr-7157	1114	2	example	example	NOUN
cblr-7157	1114	3	,	,	PUNCT
cblr-7157	1114	4	good	good	ADJ
cblr-7157	1114	5	decisions	decision	NOUN
cblr-7157	1114	6	by	by	ADP
cblr-7157	1114	7	boards	board	NOUN
cblr-7157	1114	8	of	of	ADP
cblr-7157	1114	9	directors	director	NOUN
cblr-7157	1114	10	necessarily	necessarily	ADV
cblr-7157	1114	11	impose	impose	VERB
cblr-7157	1114	12	negative	negative	ADJ
cblr-7157	1114	13	externalities	externality	NOUN
cblr-7157	1114	14	on	on	ADP
cblr-7157	1114	15	competitors	competitor	NOUN
cblr-7157	1114	16	,	,	PUNCT
cblr-7157	1114	17	but	but	CCONJ
cblr-7157	1114	18	those	those	DET
cblr-7157	1114	19	externalities	externality	NOUN
cblr-7157	1114	20	do	do	AUX
cblr-7157	1114	21	not	not	PART
cblr-7157	1114	22	trigger	trigger	VERB
cblr-7157	1114	23	the	the	DET
cblr-7157	1114	24	board	board	NOUN
cblr-7157	1114	25	’s	’s	PART
cblr-7157	1114	26	fiduciary	fiduciary	ADJ
cblr-7157	1114	27	duties	duty	NOUN
cblr-7157	1114	28	.	.	PUNCT
cblr-7157	1115	1	thus	thus	ADV
cblr-7157	1115	2	,	,	PUNCT
cblr-7157	1115	3	the	the	DET
cblr-7157	1115	4	fact	fact	NOUN
cblr-7157	1115	5	that	that	SCONJ
cblr-7157	1115	6	there	there	PRON
cblr-7157	1115	7	are	be	VERB
cblr-7157	1115	8	externalities	externality	NOUN
cblr-7157	1115	9	does	do	AUX
cblr-7157	1115	10	not	not	PART
cblr-7157	1115	11	mean	mean	VERB
cblr-7157	1115	12	there	there	PRON
cblr-7157	1115	13	are	be	VERB
cblr-7157	1115	14	multiple	multiple	ADJ
cblr-7157	1115	15	holders	holder	NOUN
cblr-7157	1115	16	of	of	ADP
cblr-7157	1115	17	residual	residual	ADJ
cblr-7157	1115	18	interests	interest	NOUN
cblr-7157	1115	19	.	.	PUNCT
cblr-7157	1116	1	however	however	ADV
cblr-7157	1116	2	,	,	PUNCT
cblr-7157	1116	3	the	the	DET
cblr-7157	1116	4	contractarian	contractarian	ADJ
cblr-7157	1116	5	argument	argument	NOUN
cblr-7157	1116	6	falls	fall	VERB
cblr-7157	1116	7	apart	apart	ADV
cblr-7157	1116	8	here	here	ADV
cblr-7157	1116	9	because	because	SCONJ
cblr-7157	1116	10	,	,	PUNCT
cblr-7157	1116	11	as	as	SCONJ
cblr-7157	1116	12	discussed	discuss	VERB
cblr-7157	1116	13	earlier,255	earlier,255	VERB
cblr-7157	1116	14	there	there	PRON
cblr-7157	1116	15	is	be	VERB
cblr-7157	1116	16	no	no	DET
cblr-7157	1116	17	“	"	PUNCT
cblr-7157	1116	18	inside	inside	ADJ
cblr-7157	1116	19	”	"	PUNCT
cblr-7157	1116	20	or	or	CCONJ
cblr-7157	1116	21	“	"	PUNCT
cblr-7157	1116	22	outside	outside	ADJ
cblr-7157	1116	23	”	"	PUNCT
cblr-7157	1116	24	the	the	DET
cblr-7157	1116	25	corporation	corporation	NOUN
cblr-7157	1116	26	in	in	ADP
cblr-7157	1116	27	the	the	DET
cblr-7157	1116	28	contractarian	contractarian	ADJ
cblr-7157	1116	29	model	model	NOUN
cblr-7157	1116	30	,	,	PUNCT
cblr-7157	1116	31	and	and	CCONJ
cblr-7157	1116	32	therefore	therefore	ADV
cblr-7157	1116	33	there	there	PRON
cblr-7157	1116	34	are	be	VERB
cblr-7157	1116	35	no	no	DET
cblr-7157	1116	36	externalities	externality	NOUN
cblr-7157	1116	37	that	that	PRON
cblr-7157	1116	38	flow	flow	VERB
cblr-7157	1116	39	from	from	ADP
cblr-7157	1116	40	corporate	corporate	ADJ
cblr-7157	1116	41	decision	decision	NOUN
cblr-7157	1116	42	making	making	NOUN
cblr-7157	1116	43	.	.	PUNCT
cblr-7157	1117	1	all	all	PRON
cblr-7157	1117	2	of	of	ADP
cblr-7157	1117	3	those	those	PRON
cblr-7157	1117	4	who	who	PRON
cblr-7157	1117	5	deal	deal	VERB
cblr-7157	1117	6	with	with	ADP
cblr-7157	1117	7	the	the	DET
cblr-7157	1117	8	corporation	corporation	NOUN
cblr-7157	1117	9	are	be	AUX
cblr-7157	1117	10	contractors	contractor	NOUN
cblr-7157	1117	11	,	,	PUNCT
cblr-7157	1117	12	not	not	PART
cblr-7157	1117	13	corporate	corporate	ADJ
cblr-7157	1117	14	stakeholders	stakeholder	NOUN
cblr-7157	1117	15	,	,	PUNCT
cblr-7157	1117	16	something	something	PRON
cblr-7157	1117	17	the	the	DET
cblr-7157	1117	18	property	property	NOUN
cblr-7157	1117	19	theory	theory	NOUN
cblr-7157	1117	20	sidesteps.256	sidesteps.256	PROPN
cblr-7157	1117	21	252	252	NUM
cblr-7157	1117	22	see	see	NOUN
cblr-7157	1117	23	,	,	PUNCT
cblr-7157	1117	24	e.g.	e.g.	ADV
cblr-7157	1117	25	,	,	PUNCT
cblr-7157	1117	26	david	david	PROPN
cblr-7157	1117	27	k.	k.	PROPN
cblr-7157	1117	28	millon	millon	PROPN
cblr-7157	1117	29	,	,	PUNCT
cblr-7157	1117	30	new	new	ADJ
cblr-7157	1117	31	directions	direction	NOUN
cblr-7157	1117	32	in	in	ADP
cblr-7157	1117	33	corporate	corporate	ADJ
cblr-7157	1117	34	law	law	NOUN
cblr-7157	1117	35	communitarians	communitarian	NOUN
cblr-7157	1117	36	,	,	PUNCT
cblr-7157	1117	37	contractarians	contractarian	NOUN
cblr-7157	1117	38	,	,	PUNCT
cblr-7157	1117	39	and	and	CCONJ
cblr-7157	1117	40	the	the	DET
cblr-7157	1117	41	crisis	crisis	NOUN
cblr-7157	1117	42	in	in	ADP
cblr-7157	1117	43	corporate	corporate	ADJ
cblr-7157	1117	44	law	law	NOUN
cblr-7157	1117	45	,	,	PUNCT
cblr-7157	1117	46	50	50	NUM
cblr-7157	1117	47	wash	wash	NOUN
cblr-7157	1117	48	.	.	PUNCT
cblr-7157	1117	49	&	&	CCONJ
cblr-7157	1117	50	lee	lee	PROPN
cblr-7157	1117	51	l.	l.	PROPN
cblr-7157	1117	52	rev	rev	PROPN
cblr-7157	1117	53	.	.	PROPN
cblr-7157	1117	54	1373	1373	NUM
cblr-7157	1117	55	,	,	PUNCT
cblr-7157	1117	56	1377–79	1377–79	X
cblr-7157	1117	57	(	(	PUNCT
cblr-7157	1117	58	1993	1993	NUM
cblr-7157	1117	59	)	)	PUNCT
cblr-7157	1117	60	(	(	PUNCT
cblr-7157	1117	61	explaining	explain	VERB
cblr-7157	1117	62	how	how	SCONJ
cblr-7157	1117	63	this	this	DET
cblr-7157	1117	64	assumption	assumption	NOUN
cblr-7157	1117	65	breaks	break	VERB
cblr-7157	1117	66	down	down	ADP
cblr-7157	1117	67	in	in	ADP
cblr-7157	1117	68	light	light	NOUN
cblr-7157	1117	69	of	of	ADP
cblr-7157	1117	70	the	the	DET
cblr-7157	1117	71	fact	fact	NOUN
cblr-7157	1117	72	that	that	SCONJ
cblr-7157	1117	73	other	other	ADJ
cblr-7157	1117	74	constituencies	constituency	NOUN
cblr-7157	1117	75	face	face	VERB
cblr-7157	1117	76	challenges	challenge	NOUN
cblr-7157	1117	77	in	in	ADP
cblr-7157	1117	78	contracting	contracting	NOUN
cblr-7157	1117	79	for	for	ADP
cblr-7157	1117	80	all	all	DET
cblr-7157	1117	81	contingencies	contingency	NOUN
cblr-7157	1117	82	)	)	PUNCT
cblr-7157	1117	83	.	.	PUNCT
cblr-7157	1118	1	253	253	NUM
cblr-7157	1118	2	see	see	VERB
cblr-7157	1118	3	,	,	PUNCT
cblr-7157	1118	4	e.g.	e.g.	ADV
cblr-7157	1118	5	,	,	PUNCT
cblr-7157	1118	6	elliott	elliott	PROPN
cblr-7157	1118	7	j.	j.	PROPN
cblr-7157	1118	8	weiss	weiss	PROPN
cblr-7157	1118	9	,	,	PUNCT
cblr-7157	1118	10	social	social	ADJ
cblr-7157	1118	11	regulation	regulation	NOUN
cblr-7157	1118	12	of	of	ADP
cblr-7157	1118	13	business	business	NOUN
cblr-7157	1118	14	activity	activity	NOUN
cblr-7157	1118	15	:	:	PUNCT
cblr-7157	1118	16	reforming	reform	VERB
cblr-7157	1118	17	the	the	DET
cblr-7157	1118	18	corporate	corporate	ADJ
cblr-7157	1118	19	governance	governance	NOUN
cblr-7157	1118	20	system	system	NOUN
cblr-7157	1118	21	to	to	PART
cblr-7157	1118	22	resolve	resolve	VERB
cblr-7157	1118	23	an	an	DET
cblr-7157	1118	24	institutional	institutional	ADJ
cblr-7157	1118	25	impasse	impasse	NOUN
cblr-7157	1118	26	,	,	PUNCT
cblr-7157	1118	27	28	28	NUM
cblr-7157	1118	28	ucla	ucla	PROPN
cblr-7157	1118	29	l.	l.	PROPN
cblr-7157	1118	30	rev	rev	PROPN
cblr-7157	1118	31	.	.	PROPN
cblr-7157	1118	32	343	343	NUM
cblr-7157	1118	33	,	,	PUNCT
cblr-7157	1118	34	418–19	418–19	PROPN
cblr-7157	1118	35	(	(	PUNCT
cblr-7157	1118	36	1981	1981	NUM
cblr-7157	1118	37	)	)	PUNCT
cblr-7157	1118	38	.	.	PUNCT
cblr-7157	1119	1	254	254	NUM
cblr-7157	1119	2	see	see	VERB
cblr-7157	1119	3	generally	generally	ADV
cblr-7157	1119	4	christopher	christopher	PROPN
cblr-7157	1119	5	d.	d.	PROPN
cblr-7157	1119	6	stone	stone	PROPN
cblr-7157	1119	7	,	,	PUNCT
cblr-7157	1119	8	where	where	SCONJ
cblr-7157	1119	9	the	the	DET
cblr-7157	1119	10	law	law	NOUN
cblr-7157	1119	11	ends	end	VERB
cblr-7157	1119	12	:	:	PUNCT
cblr-7157	1119	13	the	the	DET
cblr-7157	1119	14	social	social	ADJ
cblr-7157	1119	15	control	control	NOUN
cblr-7157	1119	16	of	of	ADP
cblr-7157	1119	17	corporate	corporate	ADJ
cblr-7157	1119	18	behavior	behavior	NOUN
cblr-7157	1119	19	(	(	PUNCT
cblr-7157	1119	20	1975	1975	NUM
cblr-7157	1119	21	)	)	PUNCT
cblr-7157	1119	22	.	.	PUNCT
cblr-7157	1120	1	255	255	NUM
cblr-7157	1120	2	see	see	VERB
cblr-7157	1120	3	supra	supra	PROPN
cblr-7157	1120	4	note	note	PROPN
cblr-7157	1120	5	31	31	NUM
cblr-7157	1120	6	and	and	CCONJ
cblr-7157	1120	7	accompanying	accompany	VERB
cblr-7157	1120	8	text	text	NOUN
cblr-7157	1120	9	.	.	PUNCT
cblr-7157	1121	1	256	256	NUM
cblr-7157	1121	2	this	this	DET
cblr-7157	1121	3	point	point	NOUN
cblr-7157	1121	4	about	about	ADP
cblr-7157	1121	5	externalities	externality	NOUN
cblr-7157	1121	6	is	be	AUX
cblr-7157	1121	7	made	make	VERB
cblr-7157	1121	8	in	in	ADP
cblr-7157	1121	9	different	different	ADJ
cblr-7157	1121	10	terms	term	NOUN
cblr-7157	1121	11	by	by	ADP
cblr-7157	1121	12	velasco	velasco	PROPN
cblr-7157	1121	13	,	,	PUNCT
cblr-7157	1121	14	supra	supra	PROPN
cblr-7157	1121	15	note	note	PROPN
cblr-7157	1121	16	8	8	NUM
cblr-7157	1121	17	,	,	PUNCT
cblr-7157	1121	18	at	at	ADP
cblr-7157	1121	19	912–13	912–13	NUM
cblr-7157	1121	20	(	(	PUNCT
cblr-7157	1121	21	2010	2010	NUM
cblr-7157	1121	22	)	)	PUNCT
cblr-7157	1121	23	.	.	PUNCT
cblr-7157	1122	1	because	because	SCONJ
cblr-7157	1122	2	velasco	velasco	PROPN
cblr-7157	1122	3	adopts	adopt	VERB
cblr-7157	1122	4	a	a	DET
cblr-7157	1122	5	property	property	NOUN
cblr-7157	1122	6	view	view	NOUN
cblr-7157	1122	7	of	of	ADP
cblr-7157	1122	8	the	the	DET
cblr-7157	1122	9	corporation	corporation	NOUN
cblr-7157	1122	10	,	,	PUNCT
cblr-7157	1122	11	his	his	PRON
cblr-7157	1122	12	argument	argument	NOUN
cblr-7157	1122	13	does	do	AUX
cblr-7157	1122	14	not	not	PART
cblr-7157	1122	15	founder	founder	VERB
cblr-7157	1122	16	on	on	ADP
cblr-7157	1122	17	this	this	DET
cblr-7157	1122	18	contradiction	contradiction	NOUN
cblr-7157	1122	19	.	.	PUNCT
cblr-7157	1123	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1123	2	(	(	PUNCT
cblr-7157	1123	3	do	do	AUX
cblr-7157	1123	4	not	not	PART
cblr-7157	1123	5	delte	delte	VERB
cblr-7157	1123	6	)	)	PUNCT
cblr-7157	1123	7	10/2/2020	10/2/2020	NUM
cblr-7157	1123	8	11:44	11:44	NUM
cblr-7157	1123	9	am	be	AUX
cblr-7157	1123	10	74	74	NUM
cblr-7157	1123	11	columbia	columbia	PROPN
cblr-7157	1123	12	business	business	NOUN
cblr-7157	1123	13	law	law	PROPN
cblr-7157	1123	14	review	review	NOUN
cblr-7157	1123	15	[	[	X
cblr-7157	1123	16	vol	vol	NOUN
cblr-7157	1123	17	.	.	PUNCT
cblr-7157	1123	18	2020	2020	NUM
cblr-7157	1124	1	the	the	DET
cblr-7157	1124	2	idea	idea	NOUN
cblr-7157	1124	3	that	that	SCONJ
cblr-7157	1124	4	fiduciary	fiduciary	ADJ
cblr-7157	1124	5	obligations	obligation	NOUN
cblr-7157	1124	6	follow	follow	VERB
cblr-7157	1124	7	ownership	ownership	NOUN
cblr-7157	1124	8	is	be	AUX
cblr-7157	1124	9	not	not	PART
cblr-7157	1124	10	free	free	ADJ
cblr-7157	1124	11	from	from	ADP
cblr-7157	1124	12	controversy	controversy	NOUN
cblr-7157	1124	13	,	,	PUNCT
cblr-7157	1124	14	even	even	ADV
cblr-7157	1124	15	among	among	ADP
cblr-7157	1124	16	those	those	PRON
cblr-7157	1124	17	who	who	PRON
cblr-7157	1124	18	recognize	recognize	VERB
cblr-7157	1124	19	ownership	ownership	NOUN
cblr-7157	1124	20	interests	interest	NOUN
cblr-7157	1124	21	in	in	ADP
cblr-7157	1124	22	the	the	DET
cblr-7157	1124	23	corporation	corporation	NOUN
cblr-7157	1124	24	.	.	PUNCT
cblr-7157	1125	1	henry	henry	PROPN
cblr-7157	1125	2	hansmann	hansmann	PROPN
cblr-7157	1125	3	,	,	PUNCT
cblr-7157	1125	4	for	for	ADP
cblr-7157	1125	5	example	example	NOUN
cblr-7157	1125	6	,	,	PUNCT
cblr-7157	1125	7	clearly	clearly	ADV
cblr-7157	1125	8	associates	associate	VERB
cblr-7157	1125	9	voting	voting	NOUN
cblr-7157	1125	10	rights	right	NOUN
cblr-7157	1125	11	with	with	ADP
cblr-7157	1125	12	ownership	ownership	NOUN
cblr-7157	1125	13	,	,	PUNCT
cblr-7157	1125	14	as	as	SCONJ
cblr-7157	1125	15	discussed	discuss	VERB
cblr-7157	1125	16	earlier.257	earlier.257	NOUN
cblr-7157	1125	17	under	under	ADP
cblr-7157	1125	18	his	his	PRON
cblr-7157	1125	19	view	view	NOUN
cblr-7157	1125	20	,	,	PUNCT
cblr-7157	1125	21	take	take	VERB
cblr-7157	1125	22	away	away	ADV
cblr-7157	1125	23	the	the	DET
cblr-7157	1125	24	voting	voting	NOUN
cblr-7157	1125	25	right	right	NOUN
cblr-7157	1125	26	and	and	CCONJ
cblr-7157	1125	27	one	one	PRON
cblr-7157	1125	28	takes	take	VERB
cblr-7157	1125	29	away	away	ADV
cblr-7157	1125	30	ownership	ownership	NOUN
cblr-7157	1125	31	.	.	PUNCT
cblr-7157	1126	1	still	still	ADV
cblr-7157	1126	2	,	,	PUNCT
cblr-7157	1126	3	professor	professor	NOUN
cblr-7157	1126	4	hansmann	hansmann	NOUN
cblr-7157	1126	5	argued	argue	VERB
cblr-7157	1126	6	that	that	SCONJ
cblr-7157	1126	7	the	the	DET
cblr-7157	1126	8	fiduciary	fiduciary	ADJ
cblr-7157	1126	9	obligations	obligation	NOUN
cblr-7157	1126	10	to	to	ADP
cblr-7157	1126	11	a	a	DET
cblr-7157	1126	12	corporation	corporation	NOUN
cblr-7157	1126	13	with	with	ADP
cblr-7157	1126	14	all	all	DET
cblr-7157	1126	15	non	non	ADJ
cblr-7157	1126	16	-	-	ADJ
cblr-7157	1126	17	voting	voting	ADJ
cblr-7157	1126	18	stock	stock	NOUN
cblr-7157	1126	19	would	would	AUX
cblr-7157	1126	20	be	be	AUX
cblr-7157	1126	21	to	to	ADP
cblr-7157	1126	22	that	that	DET
cblr-7157	1126	23	stock	stock	NOUN
cblr-7157	1126	24	,	,	PUNCT
cblr-7157	1126	25	even	even	ADV
cblr-7157	1126	26	though	though	SCONJ
cblr-7157	1126	27	the	the	DET
cblr-7157	1126	28	firm	firm	NOUN
cblr-7157	1126	29	would	would	AUX
cblr-7157	1126	30	be	be	AUX
cblr-7157	1126	31	a	a	DET
cblr-7157	1126	32	“	"	PUNCT
cblr-7157	1126	33	nonprofit	nonprofit	NOUN
cblr-7157	1126	34	”	"	PUNCT
cblr-7157	1126	35	at	at	ADP
cblr-7157	1126	36	that	that	PRON
cblr-7157	1126	37	point.258	point.258	NOUN
cblr-7157	1126	38	the	the	DET
cblr-7157	1126	39	property	property	NOUN
cblr-7157	1126	40	approach	approach	NOUN
cblr-7157	1126	41	,	,	PUNCT
cblr-7157	1126	42	by	by	ADP
cblr-7157	1126	43	directly	directly	ADV
cblr-7157	1126	44	connecting	connect	VERB
cblr-7157	1126	45	voting	voting	NOUN
cblr-7157	1126	46	rights	right	NOUN
cblr-7157	1126	47	to	to	ADP
cblr-7157	1126	48	property	property	NOUN
cblr-7157	1126	49	rights	right	NOUN
cblr-7157	1126	50	and	and	CCONJ
cblr-7157	1126	51	property	property	NOUN
cblr-7157	1126	52	rights	right	NOUN
cblr-7157	1126	53	to	to	ADP
cblr-7157	1126	54	fiduciary	fiduciary	ADJ
cblr-7157	1126	55	rights	right	NOUN
cblr-7157	1126	56	,	,	PUNCT
cblr-7157	1126	57	avoids	avoid	VERB
cblr-7157	1126	58	such	such	ADJ
cblr-7157	1126	59	unwieldy	unwieldy	ADJ
cblr-7157	1126	60	misalignments	misalignment	NOUN
cblr-7157	1126	61	of	of	ADP
cblr-7157	1126	62	voting	voting	NOUN
cblr-7157	1126	63	rights	right	NOUN
cblr-7157	1126	64	and	and	CCONJ
cblr-7157	1126	65	fiduciary	fiduciary	ADJ
cblr-7157	1126	66	obligations	obligation	NOUN
cblr-7157	1126	67	.	.	PUNCT
cblr-7157	1127	1	the	the	DET
cblr-7157	1127	2	contractarian	contractarian	ADJ
cblr-7157	1127	3	perspective	perspective	NOUN
cblr-7157	1127	4	gives	give	VERB
cblr-7157	1127	5	rise	rise	NOUN
cblr-7157	1127	6	to	to	ADP
cblr-7157	1127	7	a	a	DET
cblr-7157	1127	8	profound	profound	ADJ
cblr-7157	1127	9	circularity	circularity	NOUN
cblr-7157	1127	10	that	that	PRON
cblr-7157	1127	11	further	far	ADV
cblr-7157	1127	12	illustrates	illustrate	VERB
cblr-7157	1127	13	the	the	DET
cblr-7157	1127	14	defects	defect	NOUN
cblr-7157	1127	15	with	with	ADP
cblr-7157	1127	16	a	a	DET
cblr-7157	1127	17	contractual	contractual	ADJ
cblr-7157	1127	18	view	view	NOUN
cblr-7157	1127	19	of	of	ADP
cblr-7157	1127	20	common	common	ADJ
cblr-7157	1127	21	stock	stock	NOUN
cblr-7157	1127	22	.	.	PUNCT
cblr-7157	1128	1	in	in	ADP
cblr-7157	1128	2	explaining	explain	VERB
cblr-7157	1128	3	this	this	DET
cblr-7157	1128	4	circularity	circularity	NOUN
cblr-7157	1128	5	it	it	PRON
cblr-7157	1128	6	is	be	AUX
cblr-7157	1128	7	first	first	ADV
cblr-7157	1128	8	necessary	necessary	ADJ
cblr-7157	1128	9	to	to	PART
cblr-7157	1128	10	note	note	VERB
cblr-7157	1128	11	that	that	SCONJ
cblr-7157	1128	12	the	the	DET
cblr-7157	1128	13	holder	holder	NOUN
cblr-7157	1128	14	of	of	ADP
cblr-7157	1128	15	the	the	DET
cblr-7157	1128	16	residual	residual	ADJ
cblr-7157	1128	17	right	right	NOUN
cblr-7157	1128	18	can	can	AUX
cblr-7157	1128	19	not	not	PART
cblr-7157	1128	20	hold	hold	VERB
cblr-7157	1128	21	only	only	ADJ
cblr-7157	1128	22	contract	contract	NOUN
cblr-7157	1128	23	rights	right	NOUN
cblr-7157	1128	24	in	in	ADP
cblr-7157	1128	25	the	the	DET
cblr-7157	1128	26	entity	entity	NOUN
cblr-7157	1128	27	because	because	SCONJ
cblr-7157	1128	28	,	,	PUNCT
cblr-7157	1128	29	by	by	ADP
cblr-7157	1128	30	definition	definition	NOUN
cblr-7157	1128	31	,	,	PUNCT
cblr-7157	1128	32	the	the	DET
cblr-7157	1128	33	residual	residual	ADJ
cblr-7157	1128	34	is	be	AUX
cblr-7157	1128	35	whatever	whatever	PRON
cblr-7157	1128	36	is	be	AUX
cblr-7157	1128	37	left	leave	VERB
cblr-7157	1128	38	over	over	ADP
cblr-7157	1128	39	after	after	ADP
cblr-7157	1128	40	the	the	DET
cblr-7157	1128	41	satisfaction	satisfaction	NOUN
cblr-7157	1128	42	of	of	ADP
cblr-7157	1128	43	contractual	contractual	ADJ
cblr-7157	1128	44	obligations	obligation	NOUN
cblr-7157	1128	45	.	.	PUNCT
cblr-7157	1129	1	for	for	ADP
cblr-7157	1129	2	this	this	DET
cblr-7157	1129	3	reason	reason	NOUN
cblr-7157	1129	4	,	,	PUNCT
cblr-7157	1129	5	it	it	PRON
cblr-7157	1129	6	is	be	AUX
cblr-7157	1129	7	incoherent	incoherent	ADJ
cblr-7157	1129	8	to	to	PART
cblr-7157	1129	9	accord	accord	VERB
cblr-7157	1129	10	common	common	ADJ
cblr-7157	1129	11	stockholders	stockholder	NOUN
cblr-7157	1129	12	specific	specific	ADJ
cblr-7157	1129	13	economic	economic	ADJ
cblr-7157	1129	14	rights	right	NOUN
cblr-7157	1129	15	in	in	ADP
cblr-7157	1129	16	the	the	DET
cblr-7157	1129	17	normal	normal	ADJ
cblr-7157	1129	18	contractual	contractual	ADJ
cblr-7157	1129	19	sense	sense	NOUN
cblr-7157	1129	20	.	.	PUNCT
cblr-7157	1130	1	if	if	SCONJ
cblr-7157	1130	2	value	value	NOUN
cblr-7157	1130	3	is	be	AUX
cblr-7157	1130	4	taken	take	VERB
cblr-7157	1130	5	away	away	ADV
cblr-7157	1130	6	from	from	ADP
cblr-7157	1130	7	one	one	NUM
cblr-7157	1130	8	party	party	NOUN
cblr-7157	1130	9	under	under	ADP
cblr-7157	1130	10	a	a	DET
cblr-7157	1130	11	normal	normal	ADJ
cblr-7157	1130	12	bilateral	bilateral	ADJ
cblr-7157	1130	13	contract	contract	NOUN
cblr-7157	1130	14	,	,	PUNCT
cblr-7157	1130	15	it	it	PRON
cblr-7157	1130	16	inures	inure	VERB
cblr-7157	1130	17	to	to	ADP
cblr-7157	1130	18	the	the	DET
cblr-7157	1130	19	other	other	ADJ
cblr-7157	1130	20	party	party	NOUN
cblr-7157	1130	21	.	.	PUNCT
cblr-7157	1131	1	but	but	CCONJ
cblr-7157	1131	2	if	if	SCONJ
cblr-7157	1131	3	limits	limit	NOUN
cblr-7157	1131	4	were	be	AUX
cblr-7157	1131	5	placed	place	VERB
cblr-7157	1131	6	on	on	ADP
cblr-7157	1131	7	the	the	DET
cblr-7157	1131	8	returns	return	NOUN
cblr-7157	1131	9	to	to	ADP
cblr-7157	1131	10	common	common	ADJ
cblr-7157	1131	11	shareholders	shareholder	NOUN
cblr-7157	1131	12	,	,	PUNCT
cblr-7157	1131	13	that	that	DET
cblr-7157	1131	14	value	value	NOUN
cblr-7157	1131	15	would	would	AUX
cblr-7157	1131	16	have	have	VERB
cblr-7157	1131	17	nowhere	nowhere	ADV
cblr-7157	1131	18	to	to	PART
cblr-7157	1131	19	go	go	VERB
cblr-7157	1131	20	because	because	SCONJ
cblr-7157	1131	21	common	common	ADJ
cblr-7157	1131	22	shareholders	shareholder	NOUN
cblr-7157	1131	23	are	be	AUX
cblr-7157	1131	24	the	the	DET
cblr-7157	1131	25	residual	residual	ADJ
cblr-7157	1131	26	economic	economic	ADJ
cblr-7157	1131	27	claimants	claimant	NOUN
cblr-7157	1131	28	.	.	PUNCT
cblr-7157	1132	1	for	for	ADP
cblr-7157	1132	2	a	a	DET
cblr-7157	1132	3	similar	similar	ADJ
cblr-7157	1132	4	reason	reason	NOUN
cblr-7157	1132	5	,	,	PUNCT
cblr-7157	1132	6	the	the	DET
cblr-7157	1132	7	notion	notion	NOUN
cblr-7157	1132	8	of	of	ADP
cblr-7157	1132	9	taking	take	VERB
cblr-7157	1132	10	away	away	ADP
cblr-7157	1132	11	(	(	PUNCT
cblr-7157	1132	12	pro	pro	ADJ
cblr-7157	1132	13	rata	rata	NOUN
cblr-7157	1132	14	)	)	PUNCT
cblr-7157	1132	15	contractual	contractual	ADJ
cblr-7157	1132	16	rights	right	NOUN
cblr-7157	1132	17	from	from	ADP
cblr-7157	1132	18	common	common	ADJ
cblr-7157	1132	19	shareholders	shareholder	NOUN
cblr-7157	1132	20	is	be	AUX
cblr-7157	1132	21	incoherent	incoherent	ADJ
cblr-7157	1132	22	.	.	PUNCT
cblr-7157	1133	1	suppose	suppose	VERB
cblr-7157	1133	2	a	a	DET
cblr-7157	1133	3	corporation	corporation	NOUN
cblr-7157	1133	4	cancels	cancel	VERB
cblr-7157	1133	5	some	some	DET
cblr-7157	1133	6	shares	share	NOUN
cblr-7157	1133	7	.	.	PUNCT
cblr-7157	1134	1	unlike	unlike	ADP
cblr-7157	1134	2	the	the	DET
cblr-7157	1134	3	elimination	elimination	NOUN
cblr-7157	1134	4	of	of	ADP
cblr-7157	1134	5	any	any	DET
cblr-7157	1134	6	other	other	ADJ
cblr-7157	1134	7	contractual	contractual	ADJ
cblr-7157	1134	8	obligation	obligation	NOUN
cblr-7157	1134	9	of	of	ADP
cblr-7157	1134	10	the	the	DET
cblr-7157	1134	11	corporation	corporation	NOUN
cblr-7157	1134	12	,	,	PUNCT
cblr-7157	1134	13	this	this	DET
cblr-7157	1134	14	cancellation	cancellation	NOUN
cblr-7157	1134	15	does	do	AUX
cblr-7157	1134	16	not	not	PART
cblr-7157	1134	17	increase	increase	VERB
cblr-7157	1134	18	the	the	DET
cblr-7157	1134	19	value	value	NOUN
cblr-7157	1134	20	of	of	ADP
cblr-7157	1134	21	the	the	DET
cblr-7157	1134	22	corporation	corporation	NOUN
cblr-7157	1134	23	at	at	ADV
cblr-7157	1134	24	all	all	ADV
cblr-7157	1134	25	.	.	PUNCT
cblr-7157	1135	1	relatedly	relatedly	ADV
cblr-7157	1135	2	,	,	PUNCT
cblr-7157	1135	3	any	any	DET
cblr-7157	1135	4	special	special	ADJ
cblr-7157	1135	5	rights	right	NOUN
cblr-7157	1135	6	the	the	DET
cblr-7157	1135	7	residual	residual	ADJ
cblr-7157	1135	8	claimant	claimant	NOUN
cblr-7157	1135	9	would	would	AUX
cblr-7157	1135	10	257	257	NUM
cblr-7157	1135	11	see	see	VERB
cblr-7157	1135	12	supra	supra	ADJ
cblr-7157	1135	13	notes	note	VERB
cblr-7157	1135	14	179–183	179–183	NUM
cblr-7157	1135	15	and	and	CCONJ
cblr-7157	1135	16	accompanying	accompany	VERB
cblr-7157	1135	17	text	text	NOUN
cblr-7157	1135	18	.	.	PUNCT
cblr-7157	1136	1	258	258	NUM
cblr-7157	1136	2	see	see	VERB
cblr-7157	1136	3	hansmann	hansmann	NOUN
cblr-7157	1136	4	,	,	PUNCT
cblr-7157	1136	5	supra	supra	PROPN
cblr-7157	1136	6	note	note	PROPN
cblr-7157	1136	7	179	179	NUM
cblr-7157	1136	8	,	,	PUNCT
cblr-7157	1136	9	at	at	ADP
cblr-7157	1136	10	61	61	NUM
cblr-7157	1136	11	.	.	PUNCT
cblr-7157	1137	1	hansmann	hansmann	PROPN
cblr-7157	1137	2	analyzed	analyze	VERB
cblr-7157	1137	3	the	the	DET
cblr-7157	1137	4	situation	situation	NOUN
cblr-7157	1137	5	where	where	SCONJ
cblr-7157	1137	6	a	a	DET
cblr-7157	1137	7	widely	widely	ADV
cblr-7157	1137	8	held	hold	VERB
cblr-7157	1137	9	public	public	ADJ
cblr-7157	1137	10	company	company	NOUN
cblr-7157	1137	11	stripped	strip	VERB
cblr-7157	1137	12	shareholders	shareholder	NOUN
cblr-7157	1137	13	of	of	ADP
cblr-7157	1137	14	voting	voting	NOUN
cblr-7157	1137	15	rights	right	NOUN
cblr-7157	1137	16	.	.	PUNCT
cblr-7157	1138	1	in	in	ADP
cblr-7157	1138	2	such	such	DET
cblr-7157	1138	3	a	a	DET
cblr-7157	1138	4	case	case	NOUN
cblr-7157	1138	5	,	,	PUNCT
cblr-7157	1138	6	he	he	PRON
cblr-7157	1138	7	argued	argue	VERB
cblr-7157	1138	8	,	,	PUNCT
cblr-7157	1138	9	“	"	PUNCT
cblr-7157	1138	10	[	[	X
cblr-7157	1138	11	t]he	t]he	ADJ
cblr-7157	1138	12	directors	director	NOUN
cblr-7157	1138	13	would	would	AUX
cblr-7157	1138	14	still	still	ADV
cblr-7157	1138	15	be	be	AUX
cblr-7157	1138	16	charged	charge	VERB
cblr-7157	1138	17	,	,	PUNCT
cblr-7157	1138	18	as	as	SCONJ
cblr-7157	1138	19	they	they	PRON
cblr-7157	1138	20	are	be	AUX
cblr-7157	1138	21	now	now	ADV
cblr-7157	1138	22	,	,	PUNCT
cblr-7157	1138	23	with	with	ADP
cblr-7157	1138	24	a	a	DET
cblr-7157	1138	25	fiduciary	fiduciary	ADJ
cblr-7157	1138	26	duty	duty	NOUN
cblr-7157	1138	27	to	to	PART
cblr-7157	1138	28	manage	manage	VERB
cblr-7157	1138	29	the	the	DET
cblr-7157	1138	30	firm	firm	NOUN
cblr-7157	1138	31	on	on	ADP
cblr-7157	1138	32	behalf	behalf	NOUN
cblr-7157	1138	33	of	of	ADP
cblr-7157	1138	34	the	the	DET
cblr-7157	1138	35	shareholders	shareholder	NOUN
cblr-7157	1138	36	,	,	PUNCT
cblr-7157	1138	37	and	and	CCONJ
cblr-7157	1138	38	that	that	PRON
cblr-7157	1138	39	duty	duty	NOUN
cblr-7157	1138	40	would	would	AUX
cblr-7157	1138	41	still	still	ADV
cblr-7157	1138	42	be	be	AUX
cblr-7157	1138	43	supported	support	VERB
cblr-7157	1138	44	by	by	ADP
cblr-7157	1138	45	the	the	DET
cblr-7157	1138	46	current	current	ADJ
cblr-7157	1138	47	array	array	NOUN
cblr-7157	1138	48	of	of	ADP
cblr-7157	1138	49	formal	formal	ADJ
cblr-7157	1138	50	and	and	CCONJ
cblr-7157	1138	51	informal	informal	ADJ
cblr-7157	1138	52	sanctions	sanction	NOUN
cblr-7157	1138	53	.	.	PUNCT
cblr-7157	1138	54	”	"	PUNCT
cblr-7157	1139	1	i	i	PRON
cblr-7157	1139	2	d.	d.	PROPN
cblr-7157	1140	1	he	he	PRON
cblr-7157	1140	2	argued	argue	VERB
cblr-7157	1140	3	this	this	PRON
cblr-7157	1140	4	was	be	AUX
cblr-7157	1140	5	true	true	ADJ
cblr-7157	1140	6	even	even	ADV
cblr-7157	1140	7	though	though	SCONJ
cblr-7157	1140	8	“	"	PUNCT
cblr-7157	1140	9	[	[	X
cblr-7157	1140	10	t]he	t]he	ADV
cblr-7157	1140	11	result	result	NOUN
cblr-7157	1140	12	would	would	AUX
cblr-7157	1140	13	be	be	AUX
cblr-7157	1140	14	a	a	DET
cblr-7157	1140	15	firm	firm	NOUN
cblr-7157	1140	16	that	that	PRON
cblr-7157	1140	17	is	be	AUX
cblr-7157	1140	18	formally	formally	ADV
cblr-7157	1140	19	nonprofit	nonprofit	ADJ
cblr-7157	1140	20	,	,	PUNCT
cblr-7157	1140	21	”	"	PUNCT
cblr-7157	1140	22	and	and	CCONJ
cblr-7157	1140	23	“	"	PUNCT
cblr-7157	1140	24	[	[	X
cblr-7157	1140	25	t]he	t]he	ADV
cblr-7157	1140	26	firm	firm	ADJ
cblr-7157	1140	27	’s	’s	PART
cblr-7157	1140	28	shareholders	shareholder	NOUN
cblr-7157	1140	29	would	would	AUX
cblr-7157	1140	30	be	be	AUX
cblr-7157	1140	31	the	the	DET
cblr-7157	1140	32	beneficiaries	beneficiary	NOUN
cblr-7157	1140	33	of	of	ADP
cblr-7157	1140	34	the	the	DET
cblr-7157	1140	35	firm	firm	NOUN
cblr-7157	1140	36	,	,	PUNCT
cblr-7157	1140	37	but	but	CCONJ
cblr-7157	1140	38	not	not	PART
cblr-7157	1140	39	its	its	PRON
cblr-7157	1140	40	owners	owner	NOUN
cblr-7157	1140	41	.	.	PUNCT
cblr-7157	1140	42	”	"	PUNCT
cblr-7157	1141	1	i	i	PRON
cblr-7157	1141	2	d.	d.	PROPN
cblr-7157	1141	3	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1141	4	(	(	PUNCT
cblr-7157	1141	5	do	do	AUX
cblr-7157	1141	6	not	not	PART
cblr-7157	1141	7	delete	delete	VERB
cblr-7157	1141	8	)	)	PUNCT
cblr-7157	1141	9	10/2/2020	10/2/2020	NUM
cblr-7157	1141	10	11:44	11:44	NUM
cblr-7157	1141	11	am	be	AUX
cblr-7157	1141	12	no	no	NOUN
cblr-7157	1141	13	.	.	PUNCT
cblr-7157	1141	14	1:1	1:1	NUM
cblr-7157	1141	15	]	]	X
cblr-7157	1141	16	a	a	DET
cblr-7157	1141	17	property	property	NOUN
cblr-7157	1141	18	theory	theory	NOUN
cblr-7157	1141	19	75	75	NUM
cblr-7157	1141	20	negotiate	negotiate	NOUN
cblr-7157	1141	21	necessarily	necessarily	ADV
cblr-7157	1141	22	come	come	VERB
cblr-7157	1141	23	at	at	ADP
cblr-7157	1141	24	the	the	DET
cblr-7157	1141	25	expense	expense	NOUN
cblr-7157	1141	26	of	of	ADP
cblr-7157	1141	27	the	the	DET
cblr-7157	1141	28	residual	residual	ADJ
cblr-7157	1141	29	claimant	claimant	NOUN
cblr-7157	1141	30	itself	itself	PRON
cblr-7157	1141	31	.	.	PUNCT
cblr-7157	1142	1	the	the	DET
cblr-7157	1142	2	residual	residual	ADJ
cblr-7157	1142	3	is	be	AUX
cblr-7157	1142	4	the	the	DET
cblr-7157	1142	5	default	default	NOUN
cblr-7157	1142	6	set	set	NOUN
cblr-7157	1142	7	of	of	ADP
cblr-7157	1142	8	rights	right	NOUN
cblr-7157	1142	9	in	in	ADP
cblr-7157	1142	10	the	the	DET
cblr-7157	1142	11	corporation	corporation	NOUN
cblr-7157	1142	12	that	that	PRON
cblr-7157	1142	13	remain	remain	VERB
cblr-7157	1142	14	when	when	SCONJ
cblr-7157	1142	15	contractual	contractual	ADJ
cblr-7157	1142	16	obligations	obligation	NOUN
cblr-7157	1142	17	are	be	AUX
cblr-7157	1142	18	satisfied	satisfied	ADJ
cblr-7157	1142	19	.	.	PUNCT
cblr-7157	1143	1	most	most	ADV
cblr-7157	1143	2	notably	notably	ADV
cblr-7157	1143	3	,	,	PUNCT
cblr-7157	1143	4	as	as	SCONJ
cblr-7157	1143	5	the	the	DET
cblr-7157	1143	6	corporation	corporation	NOUN
cblr-7157	1143	7	reduces	reduce	VERB
cblr-7157	1143	8	its	its	PRON
cblr-7157	1143	9	contractual	contractual	ADJ
cblr-7157	1143	10	obligations	obligation	NOUN
cblr-7157	1143	11	to	to	PART
cblr-7157	1143	12	act	act	VERB
cblr-7157	1143	13	in	in	ADP
cblr-7157	1143	14	specific	specific	ADJ
cblr-7157	1143	15	ways	way	NOUN
cblr-7157	1143	16	,	,	PUNCT
cblr-7157	1143	17	power	power	NOUN
cblr-7157	1143	18	is	be	AUX
cblr-7157	1143	19	returned	return	VERB
cblr-7157	1143	20	to	to	ADP
cblr-7157	1143	21	the	the	DET
cblr-7157	1143	22	“	"	PUNCT
cblr-7157	1143	23	residual	residual	NOUN
cblr-7157	1143	24	of	of	ADP
cblr-7157	1143	25	the	the	DET
cblr-7157	1143	26	residual	residual	ADJ
cblr-7157	1143	27	,	,	PUNCT
cblr-7157	1143	28	”	"	PUNCT
cblr-7157	1143	29	which	which	PRON
cblr-7157	1143	30	is	be	AUX
cblr-7157	1143	31	the	the	DET
cblr-7157	1143	32	voting	voting	NOUN
cblr-7157	1143	33	right	right	NOUN
cblr-7157	1143	34	of	of	ADP
cblr-7157	1143	35	the	the	DET
cblr-7157	1143	36	residual	residual	ADJ
cblr-7157	1143	37	claimant	claimant	NOUN
cblr-7157	1143	38	.	.	PUNCT
cblr-7157	1144	1	in	in	ADP
cblr-7157	1144	2	other	other	ADJ
cblr-7157	1144	3	words	word	NOUN
cblr-7157	1144	4	,	,	PUNCT
cblr-7157	1144	5	the	the	DET
cblr-7157	1144	6	application	application	NOUN
cblr-7157	1144	7	of	of	ADP
cblr-7157	1144	8	an	an	DET
cblr-7157	1144	9	economic	economic	ADJ
cblr-7157	1144	10	theory	theory	NOUN
cblr-7157	1144	11	of	of	ADP
cblr-7157	1144	12	the	the	DET
cblr-7157	1144	13	firm	firm	NOUN
cblr-7157	1144	14	to	to	ADP
cblr-7157	1144	15	the	the	DET
cblr-7157	1144	16	legal	legal	ADJ
cblr-7157	1144	17	entity	entity	NOUN
cblr-7157	1144	18	of	of	ADP
cblr-7157	1144	19	the	the	DET
cblr-7157	1144	20	corporation	corporation	NOUN
cblr-7157	1144	21	produces	produce	VERB
cblr-7157	1144	22	incongruous	incongruous	ADJ
cblr-7157	1144	23	results	result	NOUN
cblr-7157	1144	24	.	.	PUNCT
cblr-7157	1145	1	this	this	DET
cblr-7157	1145	2	circularity	circularity	NOUN
cblr-7157	1145	3	plays	play	VERB
cblr-7157	1145	4	out	out	ADP
cblr-7157	1145	5	in	in	ADP
cblr-7157	1145	6	a	a	DET
cblr-7157	1145	7	common	common	ADJ
cblr-7157	1145	8	issue	issue	NOUN
cblr-7157	1145	9	in	in	ADP
cblr-7157	1145	10	private	private	ADJ
cblr-7157	1145	11	law	law	NOUN
cblr-7157	1145	12	—	—	PUNCT
cblr-7157	1145	13	the	the	DET
cblr-7157	1145	14	distinction	distinction	NOUN
cblr-7157	1145	15	between	between	ADP
cblr-7157	1145	16	property	property	NOUN
cblr-7157	1145	17	rules	rule	NOUN
cblr-7157	1145	18	and	and	CCONJ
cblr-7157	1145	19	liability	liability	NOUN
cblr-7157	1145	20	rules	rule	NOUN
cblr-7157	1145	21	.	.	PUNCT
cblr-7157	1146	1	a	a	DET
cblr-7157	1146	2	key	key	ADJ
cblr-7157	1146	3	concept	concept	NOUN
cblr-7157	1146	4	of	of	ADP
cblr-7157	1146	5	contract	contract	NOUN
cblr-7157	1146	6	in	in	ADP
cblr-7157	1146	7	the	the	DET
cblr-7157	1146	8	law	law	NOUN
cblr-7157	1146	9	and	and	CCONJ
cblr-7157	1146	10	economics	economic	NOUN
cblr-7157	1146	11	movement	movement	NOUN
cblr-7157	1146	12	is	be	AUX
cblr-7157	1146	13	the	the	DET
cblr-7157	1146	14	idea	idea	NOUN
cblr-7157	1146	15	of	of	ADP
cblr-7157	1146	16	an	an	DET
cblr-7157	1146	17	efficient	efficient	ADJ
cblr-7157	1146	18	breach	breach	NOUN
cblr-7157	1146	19	.	.	PUNCT
cblr-7157	1147	1	but	but	CCONJ
cblr-7157	1147	2	what	what	PRON
cblr-7157	1147	3	does	do	AUX
cblr-7157	1147	4	it	it	PRON
cblr-7157	1147	5	mean	mean	VERB
cblr-7157	1147	6	to	to	PART
cblr-7157	1147	7	have	have	VERB
cblr-7157	1147	8	an	an	DET
cblr-7157	1147	9	efficient	efficient	ADJ
cblr-7157	1147	10	breach	breach	NOUN
cblr-7157	1147	11	vis	vis	X
cblr-7157	1147	12	-	-	NOUN
cblr-7157	1147	13	à	à	X
cblr-7157	1147	14	-	-	PUNCT
cblr-7157	1147	15	vis	vis	X
cblr-7157	1147	16	a	a	DET
cblr-7157	1147	17	residual	residual	ADJ
cblr-7157	1147	18	beneficiary	beneficiary	NOUN
cblr-7157	1147	19	?	?	PUNCT
cblr-7157	1148	1	any	any	DET
cblr-7157	1148	2	benefit	benefit	NOUN
cblr-7157	1148	3	of	of	ADP
cblr-7157	1148	4	the	the	DET
cblr-7157	1148	5	breach	breach	NOUN
cblr-7157	1148	6	redounds	redound	VERB
cblr-7157	1148	7	to	to	ADP
cblr-7157	1148	8	the	the	DET
cblr-7157	1148	9	beneficiary	beneficiary	NOUN
cblr-7157	1148	10	.	.	PUNCT
cblr-7157	1149	1	this	this	PRON
cblr-7157	1149	2	is	be	AUX
cblr-7157	1149	3	,	,	PUNCT
cblr-7157	1149	4	in	in	ADP
cblr-7157	1149	5	part	part	NOUN
cblr-7157	1149	6	,	,	PUNCT
cblr-7157	1149	7	why	why	SCONJ
cblr-7157	1149	8	property	property	NOUN
cblr-7157	1149	9	rules	rule	NOUN
cblr-7157	1149	10	rather	rather	ADV
cblr-7157	1149	11	than	than	ADP
cblr-7157	1149	12	liability	liability	NOUN
cblr-7157	1149	13	rules	rule	NOUN
cblr-7157	1149	14	apply	apply	VERB
cblr-7157	1149	15	to	to	ADP
cblr-7157	1149	16	the	the	DET
cblr-7157	1149	17	rights	right	NOUN
cblr-7157	1149	18	of	of	ADP
cblr-7157	1149	19	common	common	ADJ
cblr-7157	1149	20	shareholders	shareholder	NOUN
cblr-7157	1149	21	in	in	ADP
cblr-7157	1149	22	the	the	DET
cblr-7157	1149	23	corporation	corporation	NOUN
cblr-7157	1149	24	.	.	PUNCT
cblr-7157	1150	1	the	the	DET
cblr-7157	1150	2	residual	residual	ADJ
cblr-7157	1150	3	control	control	NOUN
cblr-7157	1150	4	interest	interest	NOUN
cblr-7157	1150	5	is	be	AUX
cblr-7157	1150	6	,	,	PUNCT
cblr-7157	1150	7	in	in	ADP
cblr-7157	1150	8	a	a	DET
cblr-7157	1150	9	sense	sense	NOUN
cblr-7157	1150	10	,	,	PUNCT
cblr-7157	1150	11	prior	prior	ADV
cblr-7157	1150	12	to	to	ADP
cblr-7157	1150	13	and	and	CCONJ
cblr-7157	1150	14	more	more	ADV
cblr-7157	1150	15	foundational	foundational	ADJ
cblr-7157	1150	16	than	than	ADP
cblr-7157	1150	17	the	the	DET
cblr-7157	1150	18	residual	residual	ADJ
cblr-7157	1150	19	economic	economic	ADJ
cblr-7157	1150	20	interest	interest	NOUN
cblr-7157	1150	21	—	—	PUNCT
cblr-7157	1150	22	it	it	PRON
cblr-7157	1150	23	is	be	AUX
cblr-7157	1150	24	the	the	DET
cblr-7157	1150	25	residual	residual	ADJ
cblr-7157	1150	26	of	of	ADP
cblr-7157	1150	27	the	the	DET
cblr-7157	1150	28	residual	residual	ADJ
cblr-7157	1150	29	.	.	PUNCT
cblr-7157	1151	1	one	one	PRON
cblr-7157	1151	2	can	can	AUX
cblr-7157	1151	3	have	have	VERB
cblr-7157	1151	4	an	an	DET
cblr-7157	1151	5	organization	organization	NOUN
cblr-7157	1151	6	without	without	ADP
cblr-7157	1151	7	a	a	DET
cblr-7157	1151	8	residual	residual	ADJ
cblr-7157	1151	9	economic	economic	ADJ
cblr-7157	1151	10	claimant	claimant	NOUN
cblr-7157	1151	11	—	—	PUNCT
cblr-7157	1151	12	many	many	ADJ
cblr-7157	1151	13	nonprofits	nonprofit	NOUN
cblr-7157	1151	14	are	be	AUX
cblr-7157	1151	15	of	of	ADP
cblr-7157	1151	16	that	that	DET
cblr-7157	1151	17	nature	nature	NOUN
cblr-7157	1151	18	—	—	PUNCT
cblr-7157	1151	19	but	but	CCONJ
cblr-7157	1151	20	all	all	DET
cblr-7157	1151	21	organizations	organization	NOUN
cblr-7157	1151	22	must	must	AUX
cblr-7157	1151	23	have	have	VERB
cblr-7157	1151	24	their	their	PRON
cblr-7157	1151	25	residual	residual	ADJ
cblr-7157	1151	26	control	control	NOUN
cblr-7157	1151	27	reside	reside	VERB
cblr-7157	1151	28	somewhere	somewhere	ADV
cblr-7157	1151	29	.	.	PUNCT
cblr-7157	1152	1	in	in	ADP
cblr-7157	1152	2	this	this	DET
cblr-7157	1152	3	sense	sense	NOUN
cblr-7157	1152	4	,	,	PUNCT
cblr-7157	1152	5	the	the	DET
cblr-7157	1152	6	residual	residual	ADJ
cblr-7157	1152	7	control	control	NOUN
cblr-7157	1152	8	right	right	NOUN
cblr-7157	1152	9	—	—	PUNCT
cblr-7157	1152	10	the	the	DET
cblr-7157	1152	11	voting	voting	NOUN
cblr-7157	1152	12	right	right	NOUN
cblr-7157	1152	13	—	—	PUNCT
cblr-7157	1152	14	is	be	AUX
cblr-7157	1152	15	the	the	DET
cblr-7157	1152	16	irreducible	irreducible	ADJ
cblr-7157	1152	17	minimum	minimum	NOUN
cblr-7157	1152	18	of	of	ADP
cblr-7157	1152	19	the	the	DET
cblr-7157	1152	20	organization	organization	NOUN
cblr-7157	1152	21	,	,	PUNCT
cblr-7157	1152	22	and	and	CCONJ
cblr-7157	1152	23	rightfully	rightfully	ADV
cblr-7157	1152	24	the	the	DET
cblr-7157	1152	25	locus	locus	NOUN
cblr-7157	1152	26	of	of	ADP
cblr-7157	1152	27	ownership	ownership	NOUN
cblr-7157	1152	28	.	.	PUNCT
cblr-7157	1153	1	the	the	DET
cblr-7157	1153	2	analysis	analysis	NOUN
cblr-7157	1153	3	above	above	ADV
cblr-7157	1153	4	shows	show	VERB
cblr-7157	1153	5	how	how	SCONJ
cblr-7157	1153	6	the	the	DET
cblr-7157	1153	7	residual	residual	ADJ
cblr-7157	1153	8	economic	economic	ADJ
cblr-7157	1153	9	claimant	claimant	NOUN
cblr-7157	1153	10	analysis	analysis	NOUN
cblr-7157	1153	11	,	,	PUNCT
cblr-7157	1153	12	when	when	SCONJ
cblr-7157	1153	13	combined	combine	VERB
cblr-7157	1153	14	with	with	ADP
cblr-7157	1153	15	the	the	DET
cblr-7157	1153	16	nexus	nexus	NOUN
cblr-7157	1153	17	of	of	ADP
cblr-7157	1153	18	contracts	contract	NOUN
cblr-7157	1153	19	theory	theory	NOUN
cblr-7157	1153	20	,	,	PUNCT
cblr-7157	1153	21	suffers	suffer	VERB
cblr-7157	1153	22	from	from	ADP
cblr-7157	1153	23	incoherence	incoherence	NOUN
cblr-7157	1153	24	.	.	PUNCT
cblr-7157	1154	1	the	the	DET
cblr-7157	1154	2	free	free	ADV
cblr-7157	1154	3	-	-	PUNCT
cblr-7157	1154	4	floating	float	VERB
cblr-7157	1154	5	theoretical	theoretical	ADJ
cblr-7157	1154	6	framework	framework	NOUN
cblr-7157	1154	7	of	of	ADP
cblr-7157	1154	8	the	the	DET
cblr-7157	1154	9	nexus	nexus	NOUN
cblr-7157	1154	10	of	of	ADP
cblr-7157	1154	11	contracts	contract	NOUN
cblr-7157	1154	12	simply	simply	ADV
cblr-7157	1154	13	does	do	AUX
cblr-7157	1154	14	not	not	PART
cblr-7157	1154	15	work	work	VERB
cblr-7157	1154	16	in	in	ADP
cblr-7157	1154	17	its	its	PRON
cblr-7157	1154	18	pure	pure	ADJ
cblr-7157	1154	19	form	form	NOUN
cblr-7157	1154	20	.	.	PUNCT
cblr-7157	1155	1	the	the	DET
cblr-7157	1155	2	conventional	conventional	ADJ
cblr-7157	1155	3	rationale	rationale	NOUN
cblr-7157	1155	4	of	of	ADP
cblr-7157	1155	5	the	the	DET
cblr-7157	1155	6	nexus	nexus	NOUN
cblr-7157	1155	7	of	of	ADP
cblr-7157	1155	8	contracts	contract	NOUN
cblr-7157	1155	9	school	school	NOUN
cblr-7157	1155	10	is	be	AUX
cblr-7157	1155	11	that	that	SCONJ
cblr-7157	1155	12	fiduciary	fiduciary	ADJ
cblr-7157	1155	13	duties	duty	NOUN
cblr-7157	1155	14	and	and	CCONJ
cblr-7157	1155	15	voting	voting	NOUN
cblr-7157	1155	16	rights	right	NOUN
cblr-7157	1155	17	follow	follow	VERB
cblr-7157	1155	18	the	the	DET
cblr-7157	1155	19	residual	residual	ADJ
cblr-7157	1155	20	claimant	claimant	NOUN
cblr-7157	1155	21	.	.	PUNCT
cblr-7157	1156	1	but	but	CCONJ
cblr-7157	1156	2	in	in	ADP
cblr-7157	1156	3	a	a	DET
cblr-7157	1156	4	pure	pure	ADJ
cblr-7157	1156	5	contractual	contractual	ADJ
cblr-7157	1156	6	regime	regime	NOUN
cblr-7157	1156	7	the	the	DET
cblr-7157	1156	8	identity	identity	NOUN
cblr-7157	1156	9	of	of	ADP
cblr-7157	1156	10	the	the	DET
cblr-7157	1156	11	residual	residual	ADJ
cblr-7157	1156	12	claimant	claimant	NOUN
cblr-7157	1156	13	is	be	AUX
cblr-7157	1156	14	affected	affect	VERB
cblr-7157	1156	15	by	by	ADP
cblr-7157	1156	16	the	the	DET
cblr-7157	1156	17	contracts	contract	NOUN
cblr-7157	1156	18	the	the	DET
cblr-7157	1156	19	corporation	corporation	NOUN
cblr-7157	1156	20	enters	enter	VERB
cblr-7157	1156	21	into	into	ADP
cblr-7157	1156	22	.	.	PUNCT
cblr-7157	1157	1	indeed	indeed	ADV
cblr-7157	1157	2	,	,	PUNCT
cblr-7157	1157	3	the	the	DET
cblr-7157	1157	4	residual	residual	ADJ
cblr-7157	1157	5	right	right	NOUN
cblr-7157	1157	6	that	that	PRON
cblr-7157	1157	7	is	be	AUX
cblr-7157	1157	8	indispensable	indispensable	ADJ
cblr-7157	1157	9	is	be	AUX
cblr-7157	1157	10	the	the	DET
cblr-7157	1157	11	residual	residual	ADJ
cblr-7157	1157	12	right	right	NOUN
cblr-7157	1157	13	to	to	ADP
cblr-7157	1157	14	full	full	ADJ
cblr-7157	1157	15	voting	voting	NOUN
cblr-7157	1157	16	powers	power	NOUN
cblr-7157	1157	17	.	.	PUNCT
cblr-7157	1158	1	this	this	PRON
cblr-7157	1158	2	,	,	PUNCT
cblr-7157	1158	3	rather	rather	ADV
cblr-7157	1158	4	than	than	ADP
cblr-7157	1158	5	the	the	DET
cblr-7157	1158	6	economic	economic	ADJ
cblr-7157	1158	7	residual	residual	ADJ
cblr-7157	1158	8	claim	claim	NOUN
cblr-7157	1158	9	on	on	ADP
cblr-7157	1158	10	the	the	DET
cblr-7157	1158	11	assets	asset	NOUN
cblr-7157	1158	12	of	of	ADP
cblr-7157	1158	13	the	the	DET
cblr-7157	1158	14	corporation	corporation	NOUN
cblr-7157	1158	15	,	,	PUNCT
cblr-7157	1158	16	is	be	AUX
cblr-7157	1158	17	the	the	DET
cblr-7157	1158	18	relevant	relevant	ADJ
cblr-7157	1158	19	form	form	NOUN
cblr-7157	1158	20	of	of	ADP
cblr-7157	1158	21	residuality	residuality	NOUN
cblr-7157	1158	22	and	and	CCONJ
cblr-7157	1158	23	the	the	DET
cblr-7157	1158	24	key	key	NOUN
cblr-7157	1158	25	to	to	ADP
cblr-7157	1158	26	understanding	understand	VERB
cblr-7157	1158	27	the	the	DET
cblr-7157	1158	28	property	property	NOUN
cblr-7157	1158	29	nature	nature	NOUN
cblr-7157	1158	30	of	of	ADP
cblr-7157	1158	31	shares	share	NOUN
cblr-7157	1158	32	.	.	PUNCT
cblr-7157	1159	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1159	2	(	(	PUNCT
cblr-7157	1159	3	do	do	AUX
cblr-7157	1159	4	not	not	PART
cblr-7157	1159	5	delte	delte	VERB
cblr-7157	1159	6	)	)	PUNCT
cblr-7157	1159	7	10/2/2020	10/2/2020	NUM
cblr-7157	1159	8	11:44	11:44	NUM
cblr-7157	1159	9	am	am	NOUN
cblr-7157	1159	10	76	76	NUM
cblr-7157	1159	11	columbia	columbia	PROPN
cblr-7157	1159	12	business	business	NOUN
cblr-7157	1159	13	law	law	PROPN
cblr-7157	1159	14	review	review	NOUN
cblr-7157	1159	15	[	[	X
cblr-7157	1159	16	vol	vol	NOUN
cblr-7157	1159	17	.	.	PUNCT
cblr-7157	1159	18	2020	2020	NUM
cblr-7157	1160	1	b.	b.	VERB
cblr-7157	1161	1	how	how	SCONJ
cblr-7157	1161	2	the	the	DET
cblr-7157	1161	3	theory	theory	NOUN
cblr-7157	1161	4	of	of	ADP
cblr-7157	1161	5	the	the	DET
cblr-7157	1161	6	firm	firm	NOUN
cblr-7157	1161	7	became	become	VERB
cblr-7157	1161	8	a	a	DET
cblr-7157	1161	9	theory	theory	NOUN
cblr-7157	1161	10	of	of	ADP
cblr-7157	1161	11	corporate	corporate	ADJ
cblr-7157	1161	12	law	law	NOUN
cblr-7157	1161	13	to	to	PART
cblr-7157	1161	14	explain	explain	VERB
cblr-7157	1161	15	fiduciary	fiduciary	ADJ
cblr-7157	1161	16	duties	duty	NOUN
cblr-7157	1161	17	,	,	PUNCT
cblr-7157	1161	18	the	the	DET
cblr-7157	1161	19	contractarian	contractarian	ADJ
cblr-7157	1161	20	approach	approach	NOUN
cblr-7157	1161	21	relies	rely	VERB
cblr-7157	1161	22	on	on	ADP
cblr-7157	1161	23	a	a	DET
cblr-7157	1161	24	somewhat	somewhat	ADV
cblr-7157	1161	25	reductive	reductive	ADJ
cblr-7157	1161	26	argument	argument	NOUN
cblr-7157	1161	27	of	of	ADP
cblr-7157	1161	28	contractual	contractual	ADJ
cblr-7157	1161	29	incompleteness	incompleteness	NOUN
cblr-7157	1161	30	.	.	PUNCT
cblr-7157	1162	1	if	if	SCONJ
cblr-7157	1162	2	contracts	contract	NOUN
cblr-7157	1162	3	were	be	AUX
cblr-7157	1162	4	complete	complete	ADJ
cblr-7157	1162	5	,	,	PUNCT
cblr-7157	1162	6	there	there	PRON
cblr-7157	1162	7	would	would	AUX
cblr-7157	1162	8	be	be	AUX
cblr-7157	1162	9	no	no	DET
cblr-7157	1162	10	need	need	NOUN
cblr-7157	1162	11	for	for	ADP
cblr-7157	1162	12	fiduciary	fiduciary	ADJ
cblr-7157	1162	13	duties	duty	NOUN
cblr-7157	1162	14	because	because	SCONJ
cblr-7157	1162	15	the	the	DET
cblr-7157	1162	16	contract	contract	NOUN
cblr-7157	1162	17	would	would	AUX
cblr-7157	1162	18	specify	specify	VERB
cblr-7157	1162	19	all	all	DET
cblr-7157	1162	20	actions	action	NOUN
cblr-7157	1162	21	to	to	PART
cblr-7157	1162	22	be	be	AUX
cblr-7157	1162	23	taken	take	VERB
cblr-7157	1162	24	by	by	ADP
cblr-7157	1162	25	managers	manager	NOUN
cblr-7157	1162	26	under	under	ADP
cblr-7157	1162	27	all	all	DET
cblr-7157	1162	28	circumstances.259	circumstances.259	NOUN
cblr-7157	1162	29	there	there	PRON
cblr-7157	1162	30	can	can	AUX
cblr-7157	1162	31	be	be	AUX
cblr-7157	1162	32	little	little	ADJ
cblr-7157	1162	33	quarrel	quarrel	NOUN
cblr-7157	1162	34	with	with	ADP
cblr-7157	1162	35	that	that	PRON
cblr-7157	1162	36	.	.	PUNCT
cblr-7157	1163	1	but	but	CCONJ
cblr-7157	1163	2	the	the	DET
cblr-7157	1163	3	fact	fact	NOUN
cblr-7157	1163	4	that	that	SCONJ
cblr-7157	1163	5	complete	complete	ADJ
cblr-7157	1163	6	contracts	contract	NOUN
cblr-7157	1163	7	do	do	AUX
cblr-7157	1163	8	not	not	PART
cblr-7157	1163	9	imply	imply	VERB
cblr-7157	1163	10	fiduciary	fiduciary	ADJ
cblr-7157	1163	11	duties	duty	NOUN
cblr-7157	1163	12	does	do	AUX
cblr-7157	1163	13	not	not	PART
cblr-7157	1163	14	imply	imply	VERB
cblr-7157	1163	15	that	that	SCONJ
cblr-7157	1163	16	contractual	contractual	ADJ
cblr-7157	1163	17	incompleteness	incompleteness	NOUN
cblr-7157	1163	18	necessarily	necessarily	ADV
cblr-7157	1163	19	leads	lead	VERB
cblr-7157	1163	20	to	to	ADP
cblr-7157	1163	21	fiduciary	fiduciary	ADJ
cblr-7157	1163	22	duties	duty	NOUN
cblr-7157	1163	23	.	.	PUNCT
cblr-7157	1164	1	indeed	indeed	ADV
cblr-7157	1164	2	,	,	PUNCT
cblr-7157	1164	3	as	as	SCONJ
cblr-7157	1164	4	mentioned	mention	VERB
cblr-7157	1164	5	previously	previously	ADV
cblr-7157	1164	6	,	,	PUNCT
cblr-7157	1164	7	all	all	DET
cblr-7157	1164	8	contracts	contract	NOUN
cblr-7157	1164	9	are	be	AUX
cblr-7157	1164	10	incomplete	incomplete	ADJ
cblr-7157	1164	11	to	to	ADP
cblr-7157	1164	12	some	some	DET
cblr-7157	1164	13	degree	degree	NOUN
cblr-7157	1164	14	.	.	PUNCT
cblr-7157	1165	1	yet	yet	ADV
cblr-7157	1165	2	generally	generally	ADV
cblr-7157	1165	3	,	,	PUNCT
cblr-7157	1165	4	in	in	ADP
cblr-7157	1165	5	non	non	ADJ
cblr-7157	1165	6	-	-	ADJ
cblr-7157	1165	7	corporate	corporate	ADJ
cblr-7157	1165	8	settings	setting	NOUN
cblr-7157	1165	9	incomplete	incomplete	ADJ
cblr-7157	1165	10	contracts	contract	NOUN
cblr-7157	1165	11	do	do	AUX
cblr-7157	1165	12	not	not	PART
cblr-7157	1165	13	lead	lead	VERB
cblr-7157	1165	14	to	to	ADP
cblr-7157	1165	15	judicially	judicially	ADV
cblr-7157	1165	16	imposed	impose	VERB
cblr-7157	1165	17	fiduciary	fiduciary	ADJ
cblr-7157	1165	18	duties	duty	NOUN
cblr-7157	1165	19	.	.	PUNCT
cblr-7157	1166	1	contractarians	contractarian	NOUN
cblr-7157	1166	2	rely	rely	VERB
cblr-7157	1166	3	on	on	ADP
cblr-7157	1166	4	the	the	DET
cblr-7157	1166	5	concept	concept	NOUN
cblr-7157	1166	6	of	of	ADP
cblr-7157	1166	7	the	the	DET
cblr-7157	1166	8	residual	residual	ADJ
cblr-7157	1166	9	economic	economic	ADJ
cblr-7157	1166	10	claimant	claimant	NOUN
cblr-7157	1166	11	to	to	PART
cblr-7157	1166	12	distinguish	distinguish	VERB
cblr-7157	1166	13	shareholders	shareholder	NOUN
cblr-7157	1166	14	from	from	ADP
cblr-7157	1166	15	other	other	ADJ
cblr-7157	1166	16	contractual	contractual	ADJ
cblr-7157	1166	17	claimants	claimant	NOUN
cblr-7157	1166	18	.	.	PUNCT
cblr-7157	1167	1	but	but	CCONJ
cblr-7157	1167	2	this	this	PRON
cblr-7157	1167	3	is	be	AUX
cblr-7157	1167	4	where	where	SCONJ
cblr-7157	1167	5	the	the	DET
cblr-7157	1167	6	legal	legal	ADJ
cblr-7157	1167	7	argument	argument	NOUN
cblr-7157	1167	8	errs	err	VERB
cblr-7157	1167	9	.	.	PUNCT
cblr-7157	1168	1	the	the	DET
cblr-7157	1168	2	theory	theory	NOUN
cblr-7157	1168	3	of	of	ADP
cblr-7157	1168	4	the	the	DET
cblr-7157	1168	5	firm	firm	NOUN
cblr-7157	1168	6	is	be	AUX
cblr-7157	1168	7	not	not	PART
cblr-7157	1168	8	a	a	DET
cblr-7157	1168	9	theory	theory	NOUN
cblr-7157	1168	10	of	of	ADP
cblr-7157	1168	11	the	the	DET
cblr-7157	1168	12	corporation	corporation	NOUN
cblr-7157	1168	13	;	;	PUNCT
cblr-7157	1168	14	it	it	PRON
cblr-7157	1168	15	was	be	AUX
cblr-7157	1168	16	never	never	ADV
cblr-7157	1168	17	designed	design	VERB
cblr-7157	1168	18	to	to	PART
cblr-7157	1168	19	draw	draw	VERB
cblr-7157	1168	20	the	the	DET
cblr-7157	1168	21	boundaries	boundary	NOUN
cblr-7157	1168	22	around	around	ADP
cblr-7157	1168	23	corporate	corporate	ADJ
cblr-7157	1168	24	law.260	law.260	NOUN
cblr-7157	1168	25	instead	instead	ADV
cblr-7157	1168	26	,	,	PUNCT
cblr-7157	1168	27	it	it	PRON
cblr-7157	1168	28	is	be	AUX
cblr-7157	1168	29	an	an	DET
cblr-7157	1168	30	economic	economic	ADJ
cblr-7157	1168	31	theory	theory	NOUN
cblr-7157	1168	32	that	that	PRON
cblr-7157	1168	33	relies	rely	VERB
cblr-7157	1168	34	on	on	ADP
cblr-7157	1168	35	the	the	DET
cblr-7157	1168	36	residual	residual	ADJ
cblr-7157	1168	37	claimant	claimant	NOUN
cblr-7157	1168	38	analysis	analysis	NOUN
cblr-7157	1168	39	to	to	PART
cblr-7157	1168	40	explain	explain	VERB
cblr-7157	1168	41	why	why	SCONJ
cblr-7157	1168	42	parties	party	NOUN
cblr-7157	1168	43	provide	provide	VERB
cblr-7157	1168	44	for	for	ADP
cblr-7157	1168	45	certain	certain	ADJ
cblr-7157	1168	46	contractual	contractual	ADJ
cblr-7157	1168	47	arrangements	arrangement	NOUN
cblr-7157	1168	48	and	and	CCONJ
cblr-7157	1168	49	not	not	PART
cblr-7157	1168	50	others	other	NOUN
cblr-7157	1168	51	.	.	PUNCT
cblr-7157	1169	1	by	by	ADP
cblr-7157	1169	2	itself	itself	PRON
cblr-7157	1169	3	,	,	PUNCT
cblr-7157	1169	4	the	the	DET
cblr-7157	1169	5	theory	theory	NOUN
cblr-7157	1169	6	of	of	ADP
cblr-7157	1169	7	the	the	DET
cblr-7157	1169	8	firm	firm	NOUN
cblr-7157	1169	9	does	do	AUX
cblr-7157	1169	10	not	not	PART
cblr-7157	1169	11	provide	provide	VERB
cblr-7157	1169	12	content	content	NOUN
cblr-7157	1169	13	that	that	PRON
cblr-7157	1169	14	could	could	AUX
cblr-7157	1169	15	inform	inform	VERB
cblr-7157	1169	16	corporate	corporate	ADJ
cblr-7157	1169	17	law	law	NOUN
cblr-7157	1169	18	.	.	PUNCT
cblr-7157	1170	1	how	how	SCONJ
cblr-7157	1170	2	did	do	AUX
cblr-7157	1170	3	the	the	DET
cblr-7157	1170	4	residual	residual	ADJ
cblr-7157	1170	5	claimant	claimant	NOUN
cblr-7157	1170	6	analysis	analysis	NOUN
cblr-7157	1170	7	come	come	VERB
cblr-7157	1170	8	to	to	PART
cblr-7157	1170	9	dominate	dominate	VERB
cblr-7157	1170	10	analyses	analysis	NOUN
cblr-7157	1170	11	in	in	ADP
cblr-7157	1170	12	corporate	corporate	ADJ
cblr-7157	1170	13	law	law	NOUN
cblr-7157	1170	14	?	?	PUNCT
cblr-7157	1171	1	the	the	DET
cblr-7157	1171	2	literature	literature	NOUN
cblr-7157	1171	3	took	take	VERB
cblr-7157	1171	4	the	the	DET
cblr-7157	1171	5	wrong	wrong	ADJ
cblr-7157	1171	6	turn	turn	NOUN
cblr-7157	1171	7	with	with	ADP
cblr-7157	1171	8	eugene	eugene	PROPN
cblr-7157	1171	9	fama	fama	PROPN
cblr-7157	1171	10	’s	’s	PART
cblr-7157	1171	11	immensely	immensely	ADV
cblr-7157	1171	12	influential	influential	ADJ
cblr-7157	1171	13	article	article	NOUN
cblr-7157	1171	14	,	,	PUNCT
cblr-7157	1171	15	agency	agency	NOUN
cblr-7157	1171	16	problems	problem	NOUN
cblr-7157	1171	17	and	and	CCONJ
cblr-7157	1171	18	the	the	DET
cblr-7157	1171	19	theory	theory	NOUN
cblr-7157	1171	20	of	of	ADP
cblr-7157	1171	21	the	the	DET
cblr-7157	1171	22	firm.261	firm.261	PROPN
cblr-7157	1171	23	fama	fama	PROPN
cblr-7157	1171	24	’s	’s	PART
cblr-7157	1171	25	objective	objective	NOUN
cblr-7157	1171	26	was	be	AUX
cblr-7157	1171	27	to	to	PART
cblr-7157	1171	28	explain	explain	VERB
cblr-7157	1171	29	how	how	SCONJ
cblr-7157	1171	30	the	the	DET
cblr-7157	1171	31	separation	separation	NOUN
cblr-7157	1171	32	of	of	ADP
cblr-7157	1171	33	ownership	ownership	NOUN
cblr-7157	1171	34	and	and	CCONJ
cblr-7157	1171	35	control	control	NOUN
cblr-7157	1171	36	in	in	ADP
cblr-7157	1171	37	the	the	DET
cblr-7157	1171	38	large	large	ADJ
cblr-7157	1171	39	firm	firm	NOUN
cblr-7157	1171	40	can	can	AUX
cblr-7157	1171	41	be	be	AUX
cblr-7157	1171	42	efficient	efficient	ADJ
cblr-7157	1171	43	,	,	PUNCT
cblr-7157	1171	44	even	even	ADV
cblr-7157	1171	45	without	without	ADP
cblr-7157	1171	46	an	an	DET
cblr-7157	1171	47	“	"	PUNCT
cblr-7157	1171	48	owner	owner	NOUN
cblr-7157	1171	49	”	"	PUNCT
cblr-7157	1171	50	who	who	PRON
cblr-7157	1171	51	can	can	AUX
cblr-7157	1171	52	discipline	discipline	VERB
cblr-7157	1171	53	management	management	NOUN
cblr-7157	1171	54	.	.	PUNCT
cblr-7157	1172	1	along	along	ADP
cblr-7157	1172	2	the	the	DET
cblr-7157	1172	3	way	way	NOUN
cblr-7157	1172	4	,	,	PUNCT
cblr-7157	1172	5	he	he	PRON
cblr-7157	1172	6	observed	observe	VERB
cblr-7157	1172	7	:	:	PUNCT
cblr-7157	1172	8	259	259	NUM
cblr-7157	1172	9	see	see	VERB
cblr-7157	1172	10	oliver	oliver	PROPN
cblr-7157	1172	11	hart	hart	PROPN
cblr-7157	1172	12	,	,	PUNCT
cblr-7157	1172	13	an	an	DET
cblr-7157	1172	14	economist	economist	NOUN
cblr-7157	1172	15	’s	’s	PART
cblr-7157	1172	16	view	view	NOUN
cblr-7157	1172	17	of	of	ADP
cblr-7157	1172	18	fiduciary	fiduciary	ADJ
cblr-7157	1172	19	duty	duty	NOUN
cblr-7157	1172	20	,	,	PUNCT
cblr-7157	1172	21	43	43	NUM
cblr-7157	1172	22	u.	u.	PROPN
cblr-7157	1172	23	toronto	toronto	PROPN
cblr-7157	1172	24	l.j	l.j	PROPN
cblr-7157	1172	25	.	.	PROPN
cblr-7157	1172	26	299	299	NUM
cblr-7157	1172	27	,	,	PUNCT
cblr-7157	1172	28	301	301	NUM
cblr-7157	1172	29	(	(	PUNCT
cblr-7157	1172	30	1993	1993	NUM
cblr-7157	1172	31	)	)	PUNCT
cblr-7157	1172	32	(	(	PUNCT
cblr-7157	1172	33	“	"	PUNCT
cblr-7157	1172	34	[	[	X
cblr-7157	1172	35	i]t	i]t	X
cblr-7157	1172	36	is	be	AUX
cblr-7157	1172	37	only	only	ADV
cblr-7157	1172	38	possible	possible	ADJ
cblr-7157	1172	39	to	to	PART
cblr-7157	1172	40	make	make	VERB
cblr-7157	1172	41	sense	sense	NOUN
cblr-7157	1172	42	of	of	ADP
cblr-7157	1172	43	fiduciary	fiduciary	ADJ
cblr-7157	1172	44	duty	duty	NOUN
cblr-7157	1172	45	in	in	ADP
cblr-7157	1172	46	a	a	DET
cblr-7157	1172	47	world	world	NOUN
cblr-7157	1172	48	where	where	SCONJ
cblr-7157	1172	49	the	the	DET
cblr-7157	1172	50	initial	initial	ADJ
cblr-7157	1172	51	contract	contract	NOUN
cblr-7157	1172	52	is	be	AUX
cblr-7157	1172	53	incomplete	incomplete	ADJ
cblr-7157	1172	54	for	for	ADP
cblr-7157	1172	55	some	some	DET
cblr-7157	1172	56	reason	reason	NOUN
cblr-7157	1172	57	.	.	PUNCT
cblr-7157	1172	58	”	"	PUNCT
cblr-7157	1172	59	)	)	PUNCT
cblr-7157	1172	60	.	.	PUNCT
cblr-7157	1173	1	260	260	NUM
cblr-7157	1173	2	see	see	VERB
cblr-7157	1173	3	lynn	lynn	PROPN
cblr-7157	1173	4	stout	stout	PROPN
cblr-7157	1173	5	,	,	PUNCT
cblr-7157	1173	6	the	the	DET
cblr-7157	1173	7	economic	economic	ADJ
cblr-7157	1173	8	nature	nature	NOUN
cblr-7157	1173	9	of	of	ADP
cblr-7157	1173	10	the	the	DET
cblr-7157	1173	11	corporation	corporation	NOUN
cblr-7157	1173	12	,	,	PUNCT
cblr-7157	1173	13	in	in	ADP
cblr-7157	1173	14	2	2	NUM
cblr-7157	1173	15	oxford	oxford	PROPN
cblr-7157	1173	16	handbook	handbook	NOUN
cblr-7157	1173	17	of	of	ADP
cblr-7157	1173	18	law	law	NOUN
cblr-7157	1173	19	and	and	CCONJ
cblr-7157	1173	20	economics	economic	NOUN
cblr-7157	1173	21	:	:	PUNCT
cblr-7157	1173	22	private	private	ADJ
cblr-7157	1173	23	and	and	CCONJ
cblr-7157	1173	24	commercial	commercial	ADJ
cblr-7157	1173	25	law	law	NOUN
cblr-7157	1173	26	337	337	NUM
cblr-7157	1173	27	,	,	PUNCT
cblr-7157	1173	28	338	338	NUM
cblr-7157	1173	29	(	(	PUNCT
cblr-7157	1173	30	francesco	francesco	PROPN
cblr-7157	1173	31	parisi	parisi	PROPN
cblr-7157	1173	32	ed	ed	PROPN
cblr-7157	1173	33	.	.	PROPN
cblr-7157	1173	34	,	,	PUNCT
cblr-7157	1173	35	2017	2017	NUM
cblr-7157	1173	36	)	)	PUNCT
cblr-7157	1173	37	.	.	PUNCT
cblr-7157	1174	1	261	261	NUM
cblr-7157	1174	2	fama	fama	NOUN
cblr-7157	1174	3	,	,	PUNCT
cblr-7157	1174	4	supra	supra	PROPN
cblr-7157	1174	5	note	note	NOUN
cblr-7157	1174	6	40	40	NUM
cblr-7157	1174	7	,	,	PUNCT
cblr-7157	1174	8	at	at	ADP
cblr-7157	1174	9	289	289	NUM
cblr-7157	1174	10	.	.	PUNCT
cblr-7157	1175	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1175	2	(	(	PUNCT
cblr-7157	1175	3	do	do	AUX
cblr-7157	1175	4	not	not	PART
cblr-7157	1175	5	delete	delete	VERB
cblr-7157	1175	6	)	)	PUNCT
cblr-7157	1175	7	10/2/2020	10/2/2020	NUM
cblr-7157	1175	8	11:44	11:44	NUM
cblr-7157	1175	9	am	be	AUX
cblr-7157	1175	10	no	no	NOUN
cblr-7157	1175	11	.	.	PUNCT
cblr-7157	1175	12	1:1	1:1	NUM
cblr-7157	1175	13	]	]	X
cblr-7157	1175	14	a	a	DET
cblr-7157	1175	15	property	property	NOUN
cblr-7157	1175	16	theory	theory	NOUN
cblr-7157	1175	17	77	77	NUM
cblr-7157	1175	18	in	in	ADP
cblr-7157	1175	19	this	this	DET
cblr-7157	1175	20	“	"	PUNCT
cblr-7157	1175	21	nexus	nexus	NOUN
cblr-7157	1175	22	of	of	ADP
cblr-7157	1175	23	contracts	contract	NOUN
cblr-7157	1175	24	”	"	PUNCT
cblr-7157	1175	25	perspective	perspective	NOUN
cblr-7157	1175	26	,	,	PUNCT
cblr-7157	1175	27	ownership	ownership	NOUN
cblr-7157	1175	28	of	of	ADP
cblr-7157	1175	29	the	the	DET
cblr-7157	1175	30	firm	firm	NOUN
cblr-7157	1175	31	is	be	AUX
cblr-7157	1175	32	an	an	DET
cblr-7157	1175	33	irrelevant	irrelevant	ADJ
cblr-7157	1175	34	concept	concept	NOUN
cblr-7157	1175	35	.	.	PUNCT
cblr-7157	1176	1	dispelling	dispel	VERB
cblr-7157	1176	2	the	the	DET
cblr-7157	1176	3	tenacious	tenacious	ADJ
cblr-7157	1176	4	notion	notion	NOUN
cblr-7157	1176	5	that	that	SCONJ
cblr-7157	1176	6	a	a	DET
cblr-7157	1176	7	firm	firm	NOUN
cblr-7157	1176	8	is	be	AUX
cblr-7157	1176	9	owned	own	VERB
cblr-7157	1176	10	by	by	ADP
cblr-7157	1176	11	its	its	PRON
cblr-7157	1176	12	security	security	NOUN
cblr-7157	1176	13	holders	holder	NOUN
cblr-7157	1176	14	is	be	AUX
cblr-7157	1176	15	important	important	ADJ
cblr-7157	1176	16	because	because	SCONJ
cblr-7157	1176	17	it	it	PRON
cblr-7157	1176	18	is	be	AUX
cblr-7157	1176	19	a	a	DET
cblr-7157	1176	20	first	first	ADJ
cblr-7157	1176	21	step	step	NOUN
cblr-7157	1176	22	toward	toward	ADP
cblr-7157	1176	23	understanding	understanding	NOUN
cblr-7157	1176	24	that	that	DET
cblr-7157	1176	25	control	control	NOUN
cblr-7157	1176	26	over	over	ADP
cblr-7157	1176	27	a	a	DET
cblr-7157	1176	28	firm	firm	NOUN
cblr-7157	1176	29	's	's	PART
cblr-7157	1176	30	decisions	decision	NOUN
cblr-7157	1176	31	is	be	AUX
cblr-7157	1176	32	not	not	PART
cblr-7157	1176	33	necessarily	necessarily	ADV
cblr-7157	1176	34	the	the	DET
cblr-7157	1176	35	province	province	NOUN
cblr-7157	1176	36	of	of	ADP
cblr-7157	1176	37	security	security	NOUN
cblr-7157	1176	38	holders.262	holders.262	PROPN
cblr-7157	1176	39	but	but	CCONJ
cblr-7157	1176	40	fama	fama	NOUN
cblr-7157	1176	41	’s	’s	PART
cblr-7157	1176	42	observation	observation	NOUN
cblr-7157	1176	43	actually	actually	ADV
cblr-7157	1176	44	fits	fit	VERB
cblr-7157	1176	45	neatly	neatly	ADV
cblr-7157	1176	46	within	within	ADP
cblr-7157	1176	47	the	the	DET
cblr-7157	1176	48	property	property	NOUN
cblr-7157	1176	49	theory	theory	NOUN
cblr-7157	1176	50	of	of	ADP
cblr-7157	1176	51	corporate	corporate	ADJ
cblr-7157	1176	52	law	law	NOUN
cblr-7157	1176	53	.	.	PUNCT
cblr-7157	1177	1	what	what	PRON
cblr-7157	1177	2	’s	’s	AUX
cblr-7157	1177	3	missing	miss	VERB
cblr-7157	1177	4	from	from	ADP
cblr-7157	1177	5	fama	fama	PROPN
cblr-7157	1177	6	’s	’s	PART
cblr-7157	1177	7	stylized	stylize	VERB
cblr-7157	1177	8	large	large	ADJ
cblr-7157	1177	9	firm	firm	NOUN
cblr-7157	1177	10	by	by	ADP
cblr-7157	1177	11	assumption	assumption	NOUN
cblr-7157	1177	12	?	?	PUNCT
cblr-7157	1178	1	voting	voting	NOUN
cblr-7157	1178	2	.	.	PUNCT
cblr-7157	1179	1	fama	fama	PROPN
cblr-7157	1179	2	’s	’s	PART
cblr-7157	1179	3	stylized	stylize	VERB
cblr-7157	1179	4	shareholders	shareholder	NOUN
cblr-7157	1179	5	have	have	VERB
cblr-7157	1179	6	no	no	DET
cblr-7157	1179	7	right	right	NOUN
cblr-7157	1179	8	to	to	PART
cblr-7157	1179	9	exclude	exclude	VERB
cblr-7157	1179	10	.	.	PUNCT
cblr-7157	1180	1	so	so	ADV
cblr-7157	1180	2	,	,	PUNCT
cblr-7157	1180	3	ownership	ownership	NOUN
cblr-7157	1180	4	is	be	AUX
cblr-7157	1180	5	irrelevant	irrelevant	ADJ
cblr-7157	1180	6	,	,	PUNCT
cblr-7157	1180	7	or	or	CCONJ
cblr-7157	1180	8	more	more	ADV
cblr-7157	1180	9	accurately	accurately	ADV
cblr-7157	1180	10	,	,	PUNCT
cblr-7157	1180	11	absent	absent	ADJ
cblr-7157	1180	12	,	,	PUNCT
cblr-7157	1180	13	from	from	ADP
cblr-7157	1180	14	fama	fama	PROPN
cblr-7157	1180	15	’s	’s	PART
cblr-7157	1180	16	firm	firm	NOUN
cblr-7157	1180	17	.	.	PUNCT
cblr-7157	1181	1	but	but	CCONJ
cblr-7157	1181	2	from	from	ADP
cblr-7157	1181	3	a	a	DET
cblr-7157	1181	4	legal	legal	ADJ
cblr-7157	1181	5	perspective	perspective	NOUN
cblr-7157	1181	6	,	,	PUNCT
cblr-7157	1181	7	even	even	ADV
cblr-7157	1181	8	though	though	SCONJ
cblr-7157	1181	9	fama	fama	PROPN
cblr-7157	1181	10	alternates	alternate	NOUN
cblr-7157	1181	11	between	between	ADP
cblr-7157	1181	12	using	use	VERB
cblr-7157	1181	13	the	the	DET
cblr-7157	1181	14	terms	term	NOUN
cblr-7157	1181	15	“	"	PUNCT
cblr-7157	1181	16	corporation	corporation	NOUN
cblr-7157	1181	17	”	"	PUNCT
cblr-7157	1181	18	and	and	CCONJ
cblr-7157	1181	19	“	"	PUNCT
cblr-7157	1181	20	firm	firm	NOUN
cblr-7157	1181	21	”	"	PUNCT
cblr-7157	1181	22	in	in	ADP
cblr-7157	1181	23	his	his	PRON
cblr-7157	1181	24	article	article	NOUN
cblr-7157	1181	25	,	,	PUNCT
cblr-7157	1181	26	fama	fama	PROPN
cblr-7157	1181	27	’s	’s	PART
cblr-7157	1181	28	stylized	stylize	VERB
cblr-7157	1181	29	firm	firm	NOUN
cblr-7157	1181	30	is	be	AUX
cblr-7157	1181	31	not	not	PART
cblr-7157	1181	32	the	the	DET
cblr-7157	1181	33	same	same	ADJ
cblr-7157	1181	34	as	as	ADP
cblr-7157	1181	35	the	the	DET
cblr-7157	1181	36	corporation	corporation	NOUN
cblr-7157	1181	37	.	.	PUNCT
cblr-7157	1182	1	in	in	ADP
cblr-7157	1182	2	any	any	DET
cblr-7157	1182	3	event	event	NOUN
cblr-7157	1182	4	,	,	PUNCT
cblr-7157	1182	5	the	the	DET
cblr-7157	1182	6	nexus	nexus	NOUN
cblr-7157	1182	7	of	of	ADP
cblr-7157	1182	8	contracts	contract	NOUN
cblr-7157	1182	9	approach	approach	NOUN
cblr-7157	1182	10	need	need	AUX
cblr-7157	1182	11	not	not	PART
cblr-7157	1182	12	be	be	AUX
cblr-7157	1182	13	taken	take	VERB
cblr-7157	1182	14	literally	literally	ADV
cblr-7157	1182	15	as	as	ADP
cblr-7157	1182	16	excluding	exclude	VERB
cblr-7157	1182	17	all	all	DET
cblr-7157	1182	18	property	property	NOUN
cblr-7157	1182	19	relationships	relationship	NOUN
cblr-7157	1182	20	of	of	ADP
cblr-7157	1182	21	the	the	DET
cblr-7157	1182	22	corporation	corporation	NOUN
cblr-7157	1182	23	.	.	PUNCT
cblr-7157	1183	1	the	the	DET
cblr-7157	1183	2	nexus	nexus	NOUN
cblr-7157	1183	3	of	of	ADP
cblr-7157	1183	4	contracts	contract	NOUN
cblr-7157	1183	5	model	model	NOUN
cblr-7157	1183	6	does	do	AUX
cblr-7157	1183	7	not	not	PART
cblr-7157	1183	8	by	by	ADP
cblr-7157	1183	9	itself	itself	PRON
cblr-7157	1183	10	imply	imply	VERB
cblr-7157	1183	11	that	that	SCONJ
cblr-7157	1183	12	all	all	DET
cblr-7157	1183	13	the	the	DET
cblr-7157	1183	14	firm	firm	NOUN
cblr-7157	1183	15	’s	’s	PART
cblr-7157	1183	16	relationships	relationship	NOUN
cblr-7157	1183	17	are	be	AUX
cblr-7157	1183	18	contract	contract	NOUN
cblr-7157	1183	19	rather	rather	ADV
cblr-7157	1183	20	than	than	ADP
cblr-7157	1183	21	property	property	NOUN
cblr-7157	1183	22	.	.	PUNCT
cblr-7157	1184	1	for	for	ADP
cblr-7157	1184	2	example	example	NOUN
cblr-7157	1184	3	,	,	PUNCT
cblr-7157	1184	4	consider	consider	VERB
cblr-7157	1184	5	the	the	DET
cblr-7157	1184	6	personal	personal	ADJ
cblr-7157	1184	7	and	and	CCONJ
cblr-7157	1184	8	real	real	ADJ
cblr-7157	1184	9	property	property	NOUN
cblr-7157	1184	10	owned	own	VERB
cblr-7157	1184	11	by	by	ADP
cblr-7157	1184	12	a	a	DET
cblr-7157	1184	13	corporation	corporation	NOUN
cblr-7157	1184	14	.	.	PUNCT
cblr-7157	1185	1	this	this	DET
cblr-7157	1185	2	property	property	NOUN
cblr-7157	1185	3	can	can	AUX
cblr-7157	1185	4	not	not	PART
cblr-7157	1185	5	properly	properly	ADV
cblr-7157	1185	6	be	be	AUX
cblr-7157	1185	7	described	describe	VERB
cblr-7157	1185	8	as	as	ADP
cblr-7157	1185	9	contractual	contractual	ADJ
cblr-7157	1185	10	rights	right	NOUN
cblr-7157	1185	11	of	of	ADP
cblr-7157	1185	12	the	the	DET
cblr-7157	1185	13	corporation.263	corporation.263	PROPN
cblr-7157	1185	14	in	in	ADP
cblr-7157	1185	15	other	other	ADJ
cblr-7157	1185	16	words	word	NOUN
cblr-7157	1185	17	,	,	PUNCT
cblr-7157	1185	18	the	the	DET
cblr-7157	1185	19	corporation	corporation	NOUN
cblr-7157	1185	20	’s	’s	PART
cblr-7157	1185	21	property	property	NOUN
cblr-7157	1185	22	is	be	AUX
cblr-7157	1185	23	“	"	PUNCT
cblr-7157	1185	24	in	in	ADP
cblr-7157	1185	25	”	"	PUNCT
cblr-7157	1185	26	the	the	DET
cblr-7157	1185	27	firm	firm	NOUN
cblr-7157	1185	28	,	,	PUNCT
cblr-7157	1185	29	and	and	CCONJ
cblr-7157	1185	30	the	the	DET
cblr-7157	1185	31	firm	firm	NOUN
cblr-7157	1185	32	’s	’s	PART
cblr-7157	1185	33	rights	right	NOUN
cblr-7157	1185	34	can	can	AUX
cblr-7157	1185	35	not	not	PART
cblr-7157	1185	36	be	be	AUX
cblr-7157	1185	37	characterized	characterize	VERB
cblr-7157	1185	38	as	as	ADP
cblr-7157	1185	39	a	a	DET
cblr-7157	1185	40	“	"	PUNCT
cblr-7157	1185	41	contract	contract	NOUN
cblr-7157	1185	42	”	"	PUNCT
cblr-7157	1185	43	right	right	NOUN
cblr-7157	1185	44	in	in	ADP
cblr-7157	1185	45	the	the	DET
cblr-7157	1185	46	legal	legal	ADJ
cblr-7157	1185	47	sense	sense	NOUN
cblr-7157	1185	48	.	.	PUNCT
cblr-7157	1186	1	the	the	DET
cblr-7157	1186	2	property	property	NOUN
cblr-7157	1186	3	theory	theory	NOUN
cblr-7157	1186	4	developed	develop	VERB
cblr-7157	1186	5	in	in	ADP
cblr-7157	1186	6	this	this	DET
cblr-7157	1186	7	article	article	NOUN
cblr-7157	1186	8	,	,	PUNCT
cblr-7157	1186	9	therefore	therefore	ADV
cblr-7157	1186	10	,	,	PUNCT
cblr-7157	1186	11	is	be	AUX
cblr-7157	1186	12	not	not	PART
cblr-7157	1186	13	a	a	DET
cblr-7157	1186	14	“	"	PUNCT
cblr-7157	1186	15	rejection	rejection	NOUN
cblr-7157	1186	16	”	"	PUNCT
cblr-7157	1186	17	of	of	ADP
cblr-7157	1186	18	the	the	DET
cblr-7157	1186	19	contributions	contribution	NOUN
cblr-7157	1186	20	of	of	ADP
cblr-7157	1186	21	the	the	DET
cblr-7157	1186	22	nexus	nexus	NOUN
cblr-7157	1186	23	of	of	ADP
cblr-7157	1186	24	contracts	contract	NOUN
cblr-7157	1186	25	model	model	NOUN
cblr-7157	1186	26	,	,	PUNCT
cblr-7157	1186	27	even	even	ADV
cblr-7157	1186	28	as	as	ADP
cblr-7157	1186	29	a	a	DET
cblr-7157	1186	30	way	way	NOUN
cblr-7157	1186	31	of	of	ADP
cblr-7157	1186	32	thinking	think	VERB
cblr-7157	1186	33	about	about	ADP
cblr-7157	1186	34	the	the	DET
cblr-7157	1186	35	corporation	corporation	NOUN
cblr-7157	1186	36	.	.	PUNCT
cblr-7157	1187	1	like	like	ADP
cblr-7157	1187	2	many	many	ADJ
cblr-7157	1187	3	insights	insight	NOUN
cblr-7157	1187	4	,	,	PUNCT
cblr-7157	1187	5	the	the	DET
cblr-7157	1187	6	contractarian	contractarian	ADJ
cblr-7157	1187	7	model	model	NOUN
cblr-7157	1187	8	lends	lend	VERB
cblr-7157	1187	9	itself	itself	PRON
cblr-7157	1187	10	to	to	PART
cblr-7157	1187	11	reductivist	reductivist	VERB
cblr-7157	1187	12	thinking	thinking	NOUN
cblr-7157	1187	13	that	that	PRON
cblr-7157	1187	14	collapses	collapse	VERB
cblr-7157	1187	15	all	all	DET
cblr-7157	1187	16	details	detail	NOUN
cblr-7157	1187	17	into	into	ADP
cblr-7157	1187	18	a	a	DET
cblr-7157	1187	19	single	single	ADJ
cblr-7157	1187	20	,	,	PUNCT
cblr-7157	1187	21	simple	simple	ADJ
cblr-7157	1187	22	model	model	NOUN
cblr-7157	1187	23	.	.	PUNCT
cblr-7157	1188	1	the	the	DET
cblr-7157	1188	2	property	property	NOUN
cblr-7157	1188	3	theory	theory	NOUN
cblr-7157	1188	4	of	of	ADP
cblr-7157	1188	5	corporate	corporate	ADJ
cblr-7157	1188	6	law	law	NOUN
cblr-7157	1188	7	provides	provide	VERB
cblr-7157	1188	8	an	an	DET
cblr-7157	1188	9	262	262	NUM
cblr-7157	1188	10	i	i	PRON
cblr-7157	1188	11	d.	d.	PROPN
cblr-7157	1188	12	at	at	ADP
cblr-7157	1188	13	290	290	NUM
cblr-7157	1188	14	.	.	PUNCT
cblr-7157	1189	1	263	263	NUM
cblr-7157	1189	2	there	there	PRON
cblr-7157	1189	3	are	be	VERB
cblr-7157	1189	4	some	some	PRON
cblr-7157	1189	5	who	who	PRON
cblr-7157	1189	6	have	have	AUX
cblr-7157	1189	7	gone	go	VERB
cblr-7157	1189	8	that	that	ADV
cblr-7157	1189	9	far	far	ADV
cblr-7157	1189	10	,	,	PUNCT
cblr-7157	1189	11	arguing	argue	VERB
cblr-7157	1189	12	that	that	SCONJ
cblr-7157	1189	13	even	even	ADV
cblr-7157	1189	14	the	the	DET
cblr-7157	1189	15	corporation	corporation	NOUN
cblr-7157	1189	16	does	do	AUX
cblr-7157	1189	17	n’t	not	PART
cblr-7157	1189	18	truly	truly	ADV
cblr-7157	1189	19	own	own	VERB
cblr-7157	1189	20	its	its	PRON
cblr-7157	1189	21	own	own	ADJ
cblr-7157	1189	22	assets	asset	NOUN
cblr-7157	1189	23	in	in	ADP
cblr-7157	1189	24	a	a	DET
cblr-7157	1189	25	fee	fee	NOUN
cblr-7157	1189	26	simple	simple	ADJ
cblr-7157	1189	27	type	type	NOUN
cblr-7157	1189	28	way	way	NOUN
cblr-7157	1189	29	.	.	PUNCT
cblr-7157	1190	1	see	see	VERB
cblr-7157	1190	2	joseph	joseph	PROPN
cblr-7157	1190	3	william	william	PROPN
cblr-7157	1190	4	singer	singer	PROPN
cblr-7157	1190	5	,	,	PUNCT
cblr-7157	1190	6	the	the	DET
cblr-7157	1190	7	reliance	reliance	NOUN
cblr-7157	1190	8	interest	interest	NOUN
cblr-7157	1190	9	in	in	ADP
cblr-7157	1190	10	property	property	NOUN
cblr-7157	1190	11	,	,	PUNCT
cblr-7157	1190	12	40	40	NUM
cblr-7157	1190	13	stan	stan	NOUN
cblr-7157	1190	14	.	.	PUNCT
cblr-7157	1191	1	l.	l.	PROPN
cblr-7157	1191	2	rev	rev	PROPN
cblr-7157	1191	3	.	.	PROPN
cblr-7157	1191	4	611	611	NUM
cblr-7157	1191	5	,	,	PUNCT
cblr-7157	1191	6	639–41	639–41	NUM
cblr-7157	1191	7	(	(	PUNCT
cblr-7157	1191	8	1988	1988	NUM
cblr-7157	1191	9	)	)	PUNCT
cblr-7157	1191	10	(	(	PUNCT
cblr-7157	1191	11	arguing	argue	VERB
cblr-7157	1191	12	that	that	SCONJ
cblr-7157	1191	13	the	the	DET
cblr-7157	1191	14	separation	separation	NOUN
cblr-7157	1191	15	of	of	ADP
cblr-7157	1191	16	ownership	ownership	NOUN
cblr-7157	1191	17	and	and	CCONJ
cblr-7157	1191	18	control	control	NOUN
cblr-7157	1191	19	has	have	AUX
cblr-7157	1191	20	eliminated	eliminate	VERB
cblr-7157	1191	21	the	the	DET
cblr-7157	1191	22	argument	argument	NOUN
cblr-7157	1191	23	that	that	SCONJ
cblr-7157	1191	24	shareholders	shareholder	NOUN
cblr-7157	1191	25	own	own	VERB
cblr-7157	1191	26	the	the	DET
cblr-7157	1191	27	corporation	corporation	NOUN
cblr-7157	1191	28	,	,	PUNCT
cblr-7157	1191	29	and	and	CCONJ
cblr-7157	1191	30	that	that	SCONJ
cblr-7157	1191	31	the	the	DET
cblr-7157	1191	32	notion	notion	NOUN
cblr-7157	1191	33	of	of	ADP
cblr-7157	1191	34	the	the	DET
cblr-7157	1191	35	corporation	corporation	NOUN
cblr-7157	1191	36	itself	itself	PRON
cblr-7157	1191	37	as	as	ADP
cblr-7157	1191	38	“	"	PUNCT
cblr-7157	1191	39	the	the	DET
cblr-7157	1191	40	owner	owner	NOUN
cblr-7157	1191	41	”	"	PUNCT
cblr-7157	1191	42	of	of	ADP
cblr-7157	1191	43	its	its	PRON
cblr-7157	1191	44	assets	asset	NOUN
cblr-7157	1191	45	is	be	AUX
cblr-7157	1191	46	not	not	PART
cblr-7157	1191	47	a	a	DET
cblr-7157	1191	48	useful	useful	ADJ
cblr-7157	1191	49	way	way	NOUN
cblr-7157	1191	50	to	to	PART
cblr-7157	1191	51	think	think	VERB
cblr-7157	1191	52	about	about	ADP
cblr-7157	1191	53	rights	right	NOUN
cblr-7157	1191	54	in	in	ADP
cblr-7157	1191	55	the	the	DET
cblr-7157	1191	56	corporation	corporation	NOUN
cblr-7157	1191	57	)	)	PUNCT
cblr-7157	1191	58	.	.	PUNCT
cblr-7157	1192	1	in	in	ADP
cblr-7157	1192	2	this	this	DET
cblr-7157	1192	3	work	work	NOUN
cblr-7157	1192	4	,	,	PUNCT
cblr-7157	1192	5	singer	singer	NOUN
cblr-7157	1192	6	argues	argue	VERB
cblr-7157	1192	7	for	for	ADP
cblr-7157	1192	8	a	a	DET
cblr-7157	1192	9	new	new	ADJ
cblr-7157	1192	10	property	property	NOUN
cblr-7157	1192	11	right	right	NOUN
cblr-7157	1192	12	based	base	VERB
cblr-7157	1192	13	in	in	ADP
cblr-7157	1192	14	reliance	reliance	NOUN
cblr-7157	1192	15	that	that	PRON
cblr-7157	1192	16	would	would	AUX
cblr-7157	1192	17	give	give	VERB
cblr-7157	1192	18	various	various	ADJ
cblr-7157	1192	19	corporate	corporate	ADJ
cblr-7157	1192	20	stakeholders	stakeholder	NOUN
cblr-7157	1192	21	an	an	DET
cblr-7157	1192	22	“	"	PUNCT
cblr-7157	1192	23	ownership	ownership	NOUN
cblr-7157	1192	24	”	"	PUNCT
cblr-7157	1192	25	in	in	ADP
cblr-7157	1192	26	corporate	corporate	ADJ
cblr-7157	1192	27	assets	asset	NOUN
cblr-7157	1192	28	.	.	PUNCT
cblr-7157	1193	1	see	see	VERB
cblr-7157	1193	2	i	i	PRON
cblr-7157	1193	3	d.	d.	PROPN
cblr-7157	1193	4	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1193	5	(	(	PUNCT
cblr-7157	1193	6	do	do	AUX
cblr-7157	1193	7	not	not	PART
cblr-7157	1193	8	delte	delte	VERB
cblr-7157	1193	9	)	)	PUNCT
cblr-7157	1194	1	10/2/2020	10/2/2020	NUM
cblr-7157	1194	2	11:44	11:44	NUM
cblr-7157	1194	3	am	be	AUX
cblr-7157	1194	4	78	78	NUM
cblr-7157	1194	5	columbia	columbia	PROPN
cblr-7157	1194	6	business	business	NOUN
cblr-7157	1194	7	law	law	NOUN
cblr-7157	1194	8	review	review	NOUN
cblr-7157	1194	9	[	[	X
cblr-7157	1194	10	vol	vol	NOUN
cblr-7157	1194	11	.	.	PUNCT
cblr-7157	1194	12	2020	2020	NUM
cblr-7157	1194	13	account	account	VERB
cblr-7157	1194	14	for	for	ADP
cblr-7157	1194	15	the	the	DET
cblr-7157	1194	16	bedrock	bedrock	NOUN
cblr-7157	1194	17	legal	legal	ADJ
cblr-7157	1194	18	institutions	institution	NOUN
cblr-7157	1194	19	that	that	PRON
cblr-7157	1194	20	the	the	DET
cblr-7157	1194	21	contractarian	contractarian	ADJ
cblr-7157	1194	22	approach	approach	NOUN
cblr-7157	1194	23	can	can	AUX
cblr-7157	1194	24	not	not	PART
cblr-7157	1194	25	adequately	adequately	ADV
cblr-7157	1194	26	explain	explain	VERB
cblr-7157	1194	27	.	.	PUNCT
cblr-7157	1195	1	c.	c.	NOUN
cblr-7157	1195	2	implications	implication	NOUN
cblr-7157	1195	3	for	for	ADP
cblr-7157	1195	4	theory	theory	NOUN
cblr-7157	1195	5	of	of	ADP
cblr-7157	1195	6	the	the	DET
cblr-7157	1195	7	firm	firm	NOUN
cblr-7157	1195	8	the	the	DET
cblr-7157	1195	9	property	property	NOUN
cblr-7157	1195	10	theory	theory	NOUN
cblr-7157	1195	11	of	of	ADP
cblr-7157	1195	12	corporate	corporate	ADJ
cblr-7157	1195	13	law	law	NOUN
cblr-7157	1195	14	is	be	AUX
cblr-7157	1195	15	not	not	PART
cblr-7157	1195	16	a	a	DET
cblr-7157	1195	17	theory	theory	NOUN
cblr-7157	1195	18	of	of	ADP
cblr-7157	1195	19	the	the	DET
cblr-7157	1195	20	firm	firm	NOUN
cblr-7157	1195	21	,	,	PUNCT
cblr-7157	1195	22	just	just	ADV
cblr-7157	1195	23	as	as	SCONJ
cblr-7157	1195	24	the	the	DET
cblr-7157	1195	25	theory	theory	NOUN
cblr-7157	1195	26	of	of	ADP
cblr-7157	1195	27	the	the	DET
cblr-7157	1195	28	firm	firm	NOUN
cblr-7157	1195	29	is	be	AUX
cblr-7157	1195	30	not	not	PART
cblr-7157	1195	31	a	a	DET
cblr-7157	1195	32	theory	theory	NOUN
cblr-7157	1195	33	of	of	ADP
cblr-7157	1195	34	corporate	corporate	ADJ
cblr-7157	1195	35	law	law	NOUN
cblr-7157	1195	36	.	.	PUNCT
cblr-7157	1196	1	but	but	CCONJ
cblr-7157	1196	2	the	the	DET
cblr-7157	1196	3	property	property	NOUN
cblr-7157	1196	4	theory	theory	NOUN
cblr-7157	1196	5	of	of	ADP
cblr-7157	1196	6	corporate	corporate	ADJ
cblr-7157	1196	7	law	law	NOUN
cblr-7157	1196	8	does	do	AUX
cblr-7157	1196	9	have	have	VERB
cblr-7157	1196	10	implications	implication	NOUN
cblr-7157	1196	11	for	for	ADP
cblr-7157	1196	12	the	the	DET
cblr-7157	1196	13	theory	theory	NOUN
cblr-7157	1196	14	of	of	ADP
cblr-7157	1196	15	the	the	DET
cblr-7157	1196	16	firm	firm	NOUN
cblr-7157	1196	17	.	.	PUNCT
cblr-7157	1197	1	in	in	ADP
cblr-7157	1197	2	particular	particular	ADJ
cblr-7157	1197	3	,	,	PUNCT
cblr-7157	1197	4	the	the	DET
cblr-7157	1197	5	property	property	NOUN
cblr-7157	1197	6	theory	theory	NOUN
cblr-7157	1197	7	developed	develop	VERB
cblr-7157	1197	8	in	in	ADP
cblr-7157	1197	9	this	this	DET
cblr-7157	1197	10	article	article	NOUN
cblr-7157	1197	11	has	have	VERB
cblr-7157	1197	12	a	a	DET
cblr-7157	1197	13	strong	strong	ADJ
cblr-7157	1197	14	parallel	parallel	NOUN
cblr-7157	1197	15	to	to	ADP
cblr-7157	1197	16	the	the	DET
cblr-7157	1197	17	“	"	PUNCT
cblr-7157	1197	18	property	property	NOUN
cblr-7157	1197	19	rights	right	NOUN
cblr-7157	1197	20	”	"	PUNCT
cblr-7157	1197	21	literature	literature	NOUN
cblr-7157	1197	22	most	most	ADV
cblr-7157	1197	23	prominently	prominently	ADV
cblr-7157	1197	24	associated	associate	VERB
cblr-7157	1197	25	with	with	ADP
cblr-7157	1197	26	grossman	grossman	PROPN
cblr-7157	1197	27	,	,	PUNCT
cblr-7157	1197	28	hart	hart	PROPN
cblr-7157	1197	29	,	,	PUNCT
cblr-7157	1197	30	and	and	CCONJ
cblr-7157	1197	31	moore	moore	PROPN
cblr-7157	1197	32	(	(	PUNCT
cblr-7157	1197	33	“	"	PUNCT
cblr-7157	1197	34	ghm”).264	ghm”).264	VERB
cblr-7157	1197	35	the	the	DET
cblr-7157	1197	36	ghm	ghm	PROPN
cblr-7157	1197	37	theory	theory	NOUN
cblr-7157	1197	38	of	of	ADP
cblr-7157	1197	39	the	the	DET
cblr-7157	1197	40	firm	firm	NOUN
cblr-7157	1197	41	views	view	VERB
cblr-7157	1197	42	the	the	DET
cblr-7157	1197	43	residual	residual	ADJ
cblr-7157	1197	44	rights	right	NOUN
cblr-7157	1197	45	of	of	ADP
cblr-7157	1197	46	control	control	NOUN
cblr-7157	1197	47	,	,	PUNCT
cblr-7157	1197	48	not	not	PART
cblr-7157	1197	49	just	just	ADV
cblr-7157	1197	50	the	the	DET
cblr-7157	1197	51	residual	residual	ADJ
cblr-7157	1197	52	economic	economic	ADJ
cblr-7157	1197	53	interest	interest	NOUN
cblr-7157	1197	54	,	,	PUNCT
cblr-7157	1197	55	as	as	ADP
cblr-7157	1197	56	a	a	DET
cblr-7157	1197	57	relevant	relevant	ADJ
cblr-7157	1197	58	form	form	NOUN
cblr-7157	1197	59	of	of	ADP
cblr-7157	1197	60	ownership	ownership	NOUN
cblr-7157	1197	61	in	in	ADP
cblr-7157	1197	62	the	the	DET
cblr-7157	1197	63	corporation	corporation	NOUN
cblr-7157	1197	64	.	.	PUNCT
cblr-7157	1198	1	ghm	ghm	PROPN
cblr-7157	1198	2	conceives	conceive	NOUN
cblr-7157	1198	3	of	of	ADP
cblr-7157	1198	4	the	the	DET
cblr-7157	1198	5	residual	residual	ADJ
cblr-7157	1198	6	rights	right	NOUN
cblr-7157	1198	7	of	of	ADP
cblr-7157	1198	8	control	control	NOUN
cblr-7157	1198	9	as	as	ADP
cblr-7157	1198	10	“	"	PUNCT
cblr-7157	1198	11	ownership	ownership	NOUN
cblr-7157	1198	12	”	"	PUNCT
cblr-7157	1198	13	and	and	CCONJ
cblr-7157	1198	14	views	view	VERB
cblr-7157	1198	15	the	the	DET
cblr-7157	1198	16	essential	essential	ADJ
cblr-7157	1198	17	role	role	NOUN
cblr-7157	1198	18	of	of	ADP
cblr-7157	1198	19	ownership	ownership	NOUN
cblr-7157	1198	20	as	as	ADP
cblr-7157	1198	21	the	the	DET
cblr-7157	1198	22	“	"	PUNCT
cblr-7157	1198	23	ability	ability	NOUN
cblr-7157	1198	24	to	to	PART
cblr-7157	1198	25	exclude	exclude	VERB
cblr-7157	1198	26	others	other	NOUN
cblr-7157	1198	27	.	.	PUNCT
cblr-7157	1199	1	”265	”265	VERB
cblr-7157	1199	2	the	the	DET
cblr-7157	1199	3	influence	influence	NOUN
cblr-7157	1199	4	of	of	ADP
cblr-7157	1199	5	ghm	ghm	PROPN
cblr-7157	1199	6	on	on	ADP
cblr-7157	1199	7	the	the	DET
cblr-7157	1199	8	theory	theory	NOUN
cblr-7157	1199	9	of	of	ADP
cblr-7157	1199	10	the	the	DET
cblr-7157	1199	11	firm	firm	NOUN
cblr-7157	1199	12	is	be	AUX
cblr-7157	1199	13	enormous	enormous	ADJ
cblr-7157	1199	14	;	;	PUNCT
cblr-7157	1199	15	the	the	DET
cblr-7157	1199	16	property	property	NOUN
cblr-7157	1199	17	rights	right	NOUN
cblr-7157	1199	18	of	of	ADP
cblr-7157	1199	19	ghm	ghm	PROPN
cblr-7157	1199	20	are	be	AUX
cblr-7157	1199	21	viewed	view	VERB
cblr-7157	1199	22	as	as	ADV
cblr-7157	1199	23	important	important	ADJ
cblr-7157	1199	24	as	as	SCONJ
cblr-7157	1199	25	the	the	DET
cblr-7157	1199	26	contract	contract	NOUN
cblr-7157	1199	27	rights	right	NOUN
cblr-7157	1199	28	that	that	PRON
cblr-7157	1199	29	preceded	precede	VERB
cblr-7157	1199	30	it.266	it.266	PROPN
cblr-7157	1199	31	the	the	DET
cblr-7157	1199	32	ghm	ghm	PROPN
cblr-7157	1199	33	model	model	NOUN
cblr-7157	1199	34	has	have	VERB
cblr-7157	1199	35	strong	strong	ADJ
cblr-7157	1199	36	connections	connection	NOUN
cblr-7157	1199	37	to	to	ADP
cblr-7157	1199	38	the	the	DET
cblr-7157	1199	39	property	property	NOUN
cblr-7157	1199	40	theory	theory	NOUN
cblr-7157	1199	41	of	of	ADP
cblr-7157	1199	42	corporate	corporate	ADJ
cblr-7157	1199	43	law	law	NOUN
cblr-7157	1199	44	this	this	DET
cblr-7157	1199	45	article	article	NOUN
cblr-7157	1199	46	presents	present	VERB
cblr-7157	1199	47	,	,	PUNCT
cblr-7157	1199	48	but	but	CCONJ
cblr-7157	1199	49	addresses	address	VERB
cblr-7157	1199	50	a	a	DET
cblr-7157	1199	51	different	different	ADJ
cblr-7157	1199	52	question	question	NOUN
cblr-7157	1199	53	.	.	PUNCT
cblr-7157	1200	1	ghm	ghm	NOUN
cblr-7157	1200	2	addresses	address	VERB
cblr-7157	1200	3	the	the	DET
cblr-7157	1200	4	problem	problem	NOUN
cblr-7157	1200	5	of	of	ADP
cblr-7157	1200	6	who	who	PRON
cblr-7157	1200	7	should	should	AUX
cblr-7157	1200	8	own	own	VERB
cblr-7157	1200	9	corporate	corporate	ADJ
cblr-7157	1200	10	assets	asset	NOUN
cblr-7157	1200	11	to	to	PART
cblr-7157	1200	12	promote	promote	VERB
cblr-7157	1200	13	efficient	efficient	ADJ
cblr-7157	1200	14	investment	investment	NOUN
cblr-7157	1200	15	in	in	ADP
cblr-7157	1200	16	productive	productive	ADJ
cblr-7157	1200	17	activity	activity	NOUN
cblr-7157	1200	18	.	.	PUNCT
cblr-7157	1201	1	the	the	DET
cblr-7157	1201	2	property	property	NOUN
cblr-7157	1201	3	theory	theory	NOUN
cblr-7157	1201	4	addresses	address	VERB
cblr-7157	1201	5	the	the	DET
cblr-7157	1201	6	preliminary	preliminary	ADJ
cblr-7157	1201	7	question	question	NOUN
cblr-7157	1201	8	of	of	ADP
cblr-7157	1201	9	who	who	PRON
cblr-7157	1201	10	does	do	AUX
cblr-7157	1201	11	own	own	VERB
cblr-7157	1201	12	the	the	DET
cblr-7157	1201	13	assets	asset	NOUN
cblr-7157	1201	14	,	,	PUNCT
cblr-7157	1201	15	a	a	DET
cblr-7157	1201	16	question	question	NOUN
cblr-7157	1201	17	that	that	PRON
cblr-7157	1201	18	is	be	AUX
cblr-7157	1201	19	essential	essential	ADJ
cblr-7157	1201	20	to	to	ADP
cblr-7157	1201	21	assessing	assess	VERB
cblr-7157	1201	22	the	the	DET
cblr-7157	1201	23	empirical	empirical	ADJ
cblr-7157	1201	24	implications	implication	NOUN
cblr-7157	1201	25	of	of	ADP
cblr-7157	1201	26	the	the	DET
cblr-7157	1201	27	theory	theory	NOUN
cblr-7157	1201	28	of	of	ADP
cblr-7157	1201	29	the	the	DET
cblr-7157	1201	30	firm	firm	NOUN
cblr-7157	1201	31	.	.	PUNCT
cblr-7157	1202	1	transaction	transaction	NOUN
cblr-7157	1202	2	costs	cost	NOUN
cblr-7157	1202	3	involve	involve	VERB
cblr-7157	1202	4	transactions	transaction	NOUN
cblr-7157	1202	5	,	,	PUNCT
cblr-7157	1202	6	and	and	CCONJ
cblr-7157	1202	7	the	the	DET
cblr-7157	1202	8	default	default	NOUN
cblr-7157	1202	9	allocation	allocation	NOUN
cblr-7157	1202	10	of	of	ADP
cblr-7157	1202	11	rights	right	NOUN
cblr-7157	1202	12	has	have	VERB
cblr-7157	1202	13	consequences	consequence	NOUN
cblr-7157	1202	14	when	when	SCONJ
cblr-7157	1202	15	there	there	PRON
cblr-7157	1202	16	are	be	VERB
cblr-7157	1202	17	transaction	transaction	NOUN
cblr-7157	1202	18	costs	cost	NOUN
cblr-7157	1202	19	.	.	PUNCT
cblr-7157	1203	1	so	so	ADV
cblr-7157	1203	2	,	,	PUNCT
cblr-7157	1203	3	to	to	PART
cblr-7157	1203	4	determine	determine	VERB
cblr-7157	1203	5	whether	whether	SCONJ
cblr-7157	1203	6	transaction	transaction	NOUN
cblr-7157	1203	7	costs	cost	NOUN
cblr-7157	1203	8	are	be	AUX
cblr-7157	1203	9	significant	significant	ADJ
cblr-7157	1203	10	or	or	CCONJ
cblr-7157	1203	11	not	not	PART
cblr-7157	1203	12	,	,	PUNCT
cblr-7157	1203	13	and	and	CCONJ
cblr-7157	1203	14	what	what	DET
cblr-7157	1203	15	types	type	NOUN
cblr-7157	1203	16	of	of	ADP
cblr-7157	1203	17	costs	cost	NOUN
cblr-7157	1203	18	there	there	PRON
cblr-7157	1203	19	are	be	VERB
cblr-7157	1203	20	in	in	ADP
cblr-7157	1203	21	a	a	DET
cblr-7157	1203	22	given	give	VERB
cblr-7157	1203	23	case	case	NOUN
cblr-7157	1203	24	,	,	PUNCT
cblr-7157	1203	25	we	we	PRON
cblr-7157	1203	26	need	need	VERB
cblr-7157	1203	27	to	to	PART
cblr-7157	1203	28	know	know	VERB
cblr-7157	1203	29	the	the	DET
cblr-7157	1203	30	default	default	NOUN
cblr-7157	1203	31	allocation	allocation	NOUN
cblr-7157	1203	32	of	of	ADP
cblr-7157	1203	33	rights	right	NOUN
cblr-7157	1203	34	.	.	PUNCT
cblr-7157	1204	1	the	the	DET
cblr-7157	1204	2	property	property	NOUN
cblr-7157	1204	3	theory	theory	NOUN
cblr-7157	1204	4	gives	give	VERB
cblr-7157	1204	5	us	we	PRON
cblr-7157	1204	6	that	that	DET
cblr-7157	1204	7	default	default	NOUN
cblr-7157	1204	8	allocation	allocation	NOUN
cblr-7157	1204	9	.	.	PUNCT
cblr-7157	1205	1	264	264	NUM
cblr-7157	1205	2	see	see	VERB
cblr-7157	1205	3	sanford	sanford	PROPN
cblr-7157	1205	4	j.	j.	PROPN
cblr-7157	1205	5	grossman	grossman	PROPN
cblr-7157	1205	6	&	&	CCONJ
cblr-7157	1205	7	oliver	oliver	PROPN
cblr-7157	1205	8	d.	d.	PROPN
cblr-7157	1205	9	hart	hart	PROPN
cblr-7157	1205	10	,	,	PUNCT
cblr-7157	1205	11	the	the	DET
cblr-7157	1205	12	costs	cost	NOUN
cblr-7157	1205	13	and	and	CCONJ
cblr-7157	1205	14	benefits	benefit	NOUN
cblr-7157	1205	15	of	of	ADP
cblr-7157	1205	16	ownership	ownership	NOUN
cblr-7157	1205	17	:	:	PUNCT
cblr-7157	1205	18	a	a	DET
cblr-7157	1205	19	theory	theory	NOUN
cblr-7157	1205	20	of	of	ADP
cblr-7157	1205	21	vertical	vertical	ADJ
cblr-7157	1205	22	and	and	CCONJ
cblr-7157	1205	23	lateral	lateral	ADJ
cblr-7157	1205	24	integration	integration	NOUN
cblr-7157	1205	25	,	,	PUNCT
cblr-7157	1205	26	94	94	NUM
cblr-7157	1205	27	j.	j.	PROPN
cblr-7157	1205	28	pol	pol	PROPN
cblr-7157	1205	29	.	.	PUNCT
cblr-7157	1206	1	econ	econ	PROPN
cblr-7157	1206	2	.	.	PUNCT
cblr-7157	1207	1	691	691	NUM
cblr-7157	1207	2	(	(	PUNCT
cblr-7157	1207	3	1986	1986	NUM
cblr-7157	1207	4	)	)	PUNCT
cblr-7157	1207	5	;	;	PUNCT
cblr-7157	1207	6	oliver	oliver	PROPN
cblr-7157	1207	7	hart	hart	PROPN
cblr-7157	1207	8	&	&	CCONJ
cblr-7157	1207	9	john	john	PROPN
cblr-7157	1207	10	moore	moore	PROPN
cblr-7157	1207	11	,	,	PUNCT
cblr-7157	1207	12	property	property	NOUN
cblr-7157	1207	13	rights	right	NOUN
cblr-7157	1207	14	and	and	CCONJ
cblr-7157	1207	15	the	the	DET
cblr-7157	1207	16	nature	nature	NOUN
cblr-7157	1207	17	of	of	ADP
cblr-7157	1207	18	the	the	DET
cblr-7157	1207	19	firm	firm	NOUN
cblr-7157	1207	20	,	,	PUNCT
cblr-7157	1207	21	98	98	NUM
cblr-7157	1207	22	j.	j.	PROPN
cblr-7157	1207	23	pol	pol	PROPN
cblr-7157	1207	24	.	.	PUNCT
cblr-7157	1207	25	econ	econ	PROPN
cblr-7157	1207	26	.	.	PUNCT
cblr-7157	1208	1	1119	1119	NUM
cblr-7157	1208	2	(	(	PUNCT
cblr-7157	1208	3	1990	1990	NUM
cblr-7157	1208	4	)	)	PUNCT
cblr-7157	1208	5	;	;	PUNCT
cblr-7157	1209	1	oliver	oliver	PROPN
cblr-7157	1209	2	hart	hart	PROPN
cblr-7157	1209	3	,	,	PUNCT
cblr-7157	1209	4	firms	firm	NOUN
cblr-7157	1209	5	,	,	PUNCT
cblr-7157	1209	6	contracts	contract	NOUN
cblr-7157	1209	7	,	,	PUNCT
cblr-7157	1209	8	and	and	CCONJ
cblr-7157	1209	9	financial	financial	ADJ
cblr-7157	1209	10	structure	structure	NOUN
cblr-7157	1209	11	(	(	PUNCT
cblr-7157	1209	12	1995	1995	NUM
cblr-7157	1209	13	)	)	PUNCT
cblr-7157	1209	14	.	.	PUNCT
cblr-7157	1210	1	265	265	NUM
cblr-7157	1210	2	hart	hart	PROPN
cblr-7157	1210	3	&	&	CCONJ
cblr-7157	1210	4	moore	moore	PROPN
cblr-7157	1210	5	,	,	PUNCT
cblr-7157	1210	6	supra	supra	PROPN
cblr-7157	1210	7	note	note	PROPN
cblr-7157	1210	8	264	264	NUM
cblr-7157	1210	9	,	,	PUNCT
cblr-7157	1210	10	at	at	ADP
cblr-7157	1210	11	1121	1121	NUM
cblr-7157	1210	12	.	.	PUNCT
cblr-7157	1211	1	266	266	NUM
cblr-7157	1211	2	see	see	VERB
cblr-7157	1211	3	armour	armour	NOUN
cblr-7157	1211	4	&	&	CCONJ
cblr-7157	1211	5	whincop	whincop	PROPN
cblr-7157	1211	6	,	,	PUNCT
cblr-7157	1211	7	supra	supra	PROPN
cblr-7157	1211	8	note	note	NOUN
cblr-7157	1211	9	225	225	NUM
cblr-7157	1211	10	,	,	PUNCT
cblr-7157	1211	11	at	at	ADP
cblr-7157	1211	12	462	462	NUM
cblr-7157	1211	13	.	.	PUNCT
cblr-7157	1212	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1212	2	(	(	PUNCT
cblr-7157	1212	3	do	do	AUX
cblr-7157	1212	4	not	not	PART
cblr-7157	1212	5	delete	delete	VERB
cblr-7157	1212	6	)	)	PUNCT
cblr-7157	1212	7	10/2/2020	10/2/2020	NUM
cblr-7157	1212	8	11:44	11:44	NUM
cblr-7157	1212	9	am	be	AUX
cblr-7157	1212	10	no	no	NOUN
cblr-7157	1212	11	.	.	PUNCT
cblr-7157	1212	12	1:1	1:1	NUM
cblr-7157	1212	13	]	]	X
cblr-7157	1212	14	a	a	DET
cblr-7157	1212	15	property	property	NOUN
cblr-7157	1212	16	theory	theory	NOUN
cblr-7157	1212	17	79	79	NUM
cblr-7157	1212	18	the	the	DET
cblr-7157	1212	19	property	property	NOUN
cblr-7157	1212	20	theory	theory	NOUN
cblr-7157	1212	21	also	also	ADV
cblr-7157	1212	22	sheds	shed	VERB
cblr-7157	1212	23	light	light	NOUN
cblr-7157	1212	24	on	on	ADP
cblr-7157	1212	25	the	the	DET
cblr-7157	1212	26	legal	legal	ADJ
cblr-7157	1212	27	functions	function	NOUN
cblr-7157	1212	28	performed	perform	VERB
cblr-7157	1212	29	by	by	ADP
cblr-7157	1212	30	the	the	DET
cblr-7157	1212	31	corporation	corporation	NOUN
cblr-7157	1212	32	as	as	ADP
cblr-7157	1212	33	an	an	DET
cblr-7157	1212	34	entity	entity	NOUN
cblr-7157	1212	35	.	.	PUNCT
cblr-7157	1213	1	one	one	NUM
cblr-7157	1213	2	is	be	AUX
cblr-7157	1213	3	to	to	PART
cblr-7157	1213	4	divide	divide	VERB
cblr-7157	1213	5	property	property	NOUN
cblr-7157	1213	6	rights	right	NOUN
cblr-7157	1213	7	while	while	SCONJ
cblr-7157	1213	8	solving	solve	VERB
cblr-7157	1213	9	commons	common	NOUN
cblr-7157	1213	10	and	and	CCONJ
cblr-7157	1213	11	anticommons	anticommon	NOUN
cblr-7157	1213	12	problems	problem	NOUN
cblr-7157	1213	13	.	.	PUNCT
cblr-7157	1214	1	when	when	SCONJ
cblr-7157	1214	2	ownership	ownership	NOUN
cblr-7157	1214	3	of	of	ADP
cblr-7157	1214	4	a	a	DET
cblr-7157	1214	5	business	business	NOUN
cblr-7157	1214	6	is	be	AUX
cblr-7157	1214	7	divided	divide	VERB
cblr-7157	1214	8	,	,	PUNCT
cblr-7157	1214	9	commons	common	NOUN
cblr-7157	1214	10	problems	problem	NOUN
cblr-7157	1214	11	arise	arise	VERB
cblr-7157	1214	12	because	because	SCONJ
cblr-7157	1214	13	each	each	DET
cblr-7157	1214	14	owner	owner	NOUN
cblr-7157	1214	15	has	have	VERB
cblr-7157	1214	16	an	an	DET
cblr-7157	1214	17	incentive	incentive	NOUN
cblr-7157	1214	18	to	to	PART
cblr-7157	1214	19	inefficiently	inefficiently	ADV
cblr-7157	1214	20	extract	extract	VERB
cblr-7157	1214	21	benefits	benefit	NOUN
cblr-7157	1214	22	from	from	ADP
cblr-7157	1214	23	the	the	DET
cblr-7157	1214	24	company	company	NOUN
cblr-7157	1214	25	.	.	PUNCT
cblr-7157	1215	1	this	this	PRON
cblr-7157	1215	2	is	be	AUX
cblr-7157	1215	3	why	why	SCONJ
cblr-7157	1215	4	corporate	corporate	ADJ
cblr-7157	1215	5	law	law	NOUN
cblr-7157	1215	6	disables	disable	VERB
cblr-7157	1215	7	shareholders	shareholder	NOUN
cblr-7157	1215	8	from	from	ADP
cblr-7157	1215	9	directly	directly	ADV
cblr-7157	1215	10	“	"	PUNCT
cblr-7157	1215	11	using	use	VERB
cblr-7157	1215	12	”	"	PUNCT
cblr-7157	1215	13	corporate	corporate	ADJ
cblr-7157	1215	14	assets	asset	NOUN
cblr-7157	1215	15	.	.	PUNCT
cblr-7157	1216	1	at	at	ADP
cblr-7157	1216	2	the	the	DET
cblr-7157	1216	3	same	same	ADJ
cblr-7157	1216	4	time	time	NOUN
cblr-7157	1216	5	,	,	PUNCT
cblr-7157	1216	6	joint	joint	ADJ
cblr-7157	1216	7	ownership	ownership	NOUN
cblr-7157	1216	8	of	of	ADP
cblr-7157	1216	9	business	business	NOUN
cblr-7157	1216	10	assets	asset	NOUN
cblr-7157	1216	11	raises	raise	VERB
cblr-7157	1216	12	anticommons	anticommon	NOUN
cblr-7157	1216	13	problems	problem	NOUN
cblr-7157	1216	14	,	,	PUNCT
cblr-7157	1216	15	assuming	assume	VERB
cblr-7157	1216	16	each	each	DET
cblr-7157	1216	17	shareholder	shareholder	NOUN
cblr-7157	1216	18	has	have	VERB
cblr-7157	1216	19	veto	veto	NOUN
cblr-7157	1216	20	rights	right	NOUN
cblr-7157	1216	21	.	.	PUNCT
cblr-7157	1217	1	these	these	DET
cblr-7157	1217	2	types	type	NOUN
cblr-7157	1217	3	of	of	ADP
cblr-7157	1217	4	problems	problem	NOUN
cblr-7157	1217	5	explain	explain	VERB
cblr-7157	1217	6	why	why	SCONJ
cblr-7157	1217	7	limits	limit	NOUN
cblr-7157	1217	8	on	on	ADP
cblr-7157	1217	9	the	the	DET
cblr-7157	1217	10	property	property	NOUN
cblr-7157	1217	11	rights	right	NOUN
cblr-7157	1217	12	that	that	PRON
cblr-7157	1217	13	would	would	AUX
cblr-7157	1217	14	otherwise	otherwise	ADV
cblr-7157	1217	15	exist	exist	VERB
cblr-7157	1217	16	are	be	AUX
cblr-7157	1217	17	necessary	necessary	ADJ
cblr-7157	1217	18	for	for	SCONJ
cblr-7157	1217	19	business	business	NOUN
cblr-7157	1217	20	organizations.267	organizations.267	NOUN
cblr-7157	1217	21	property	property	NOUN
cblr-7157	1217	22	law	law	NOUN
cblr-7157	1217	23	attempted	attempt	VERB
cblr-7157	1217	24	to	to	PART
cblr-7157	1217	25	solve	solve	VERB
cblr-7157	1217	26	anticommons	anticommon	NOUN
cblr-7157	1217	27	problems	problem	NOUN
cblr-7157	1217	28	by	by	ADP
cblr-7157	1217	29	allowing	allow	VERB
cblr-7157	1217	30	shareholders	shareholder	NOUN
cblr-7157	1217	31	to	to	PART
cblr-7157	1217	32	partition	partition	VERB
cblr-7157	1217	33	,	,	PUNCT
cblr-7157	1217	34	but	but	CCONJ
cblr-7157	1217	35	this	this	DET
cblr-7157	1217	36	“	"	PUNCT
cblr-7157	1217	37	solution	solution	NOUN
cblr-7157	1217	38	”	"	PUNCT
cblr-7157	1217	39	created	create	VERB
cblr-7157	1217	40	yet	yet	ADV
cblr-7157	1217	41	another	another	DET
cblr-7157	1217	42	anticommons	anticommon	NOUN
cblr-7157	1217	43	problem	problem	NOUN
cblr-7157	1217	44	:	:	PUNCT
cblr-7157	1217	45	each	each	DET
cblr-7157	1217	46	joint	joint	ADJ
cblr-7157	1217	47	owner	owner	NOUN
cblr-7157	1217	48	could	could	AUX
cblr-7157	1217	49	then	then	ADV
cblr-7157	1217	50	pull	pull	VERB
cblr-7157	1217	51	their	their	PRON
cblr-7157	1217	52	portion	portion	NOUN
cblr-7157	1217	53	of	of	ADP
cblr-7157	1217	54	the	the	DET
cblr-7157	1217	55	assets	asset	NOUN
cblr-7157	1217	56	out	out	ADP
cblr-7157	1217	57	of	of	ADP
cblr-7157	1217	58	the	the	DET
cblr-7157	1217	59	joint	joint	ADJ
cblr-7157	1217	60	business	business	NOUN
cblr-7157	1217	61	at	at	ADP
cblr-7157	1217	62	any	any	DET
cblr-7157	1217	63	time	time	NOUN
cblr-7157	1217	64	.	.	PUNCT
cblr-7157	1218	1	nor	nor	CCONJ
cblr-7157	1218	2	can	can	AUX
cblr-7157	1218	3	these	these	DET
cblr-7157	1218	4	anticommons	anticommon	NOUN
cblr-7157	1218	5	problems	problem	NOUN
cblr-7157	1218	6	be	be	AUX
cblr-7157	1218	7	solved	solve	VERB
cblr-7157	1218	8	with	with	ADP
cblr-7157	1218	9	contract	contract	NOUN
cblr-7157	1218	10	alone.268	alone.268	VERB
cblr-7157	1218	11	indeed	indeed	ADV
cblr-7157	1218	12	,	,	PUNCT
cblr-7157	1218	13	contract	contract	NOUN
cblr-7157	1218	14	law	law	NOUN
cblr-7157	1218	15	does	do	AUX
cblr-7157	1218	16	not	not	PART
cblr-7157	1218	17	generally	generally	ADV
cblr-7157	1218	18	deal	deal	VERB
cblr-7157	1218	19	with	with	ADP
cblr-7157	1218	20	commons	common	NOUN
cblr-7157	1218	21	and	and	CCONJ
cblr-7157	1218	22	anticommons	anticommon	NOUN
cblr-7157	1218	23	problems	problem	NOUN
cblr-7157	1218	24	because	because	SCONJ
cblr-7157	1218	25	they	they	PRON
cblr-7157	1218	26	are	be	AUX
cblr-7157	1218	27	irrelevant	irrelevant	ADJ
cblr-7157	1218	28	in	in	ADP
cblr-7157	1218	29	the	the	DET
cblr-7157	1218	30	paradigmatic	paradigmatic	ADJ
cblr-7157	1218	31	bilateral	bilateral	ADJ
cblr-7157	1218	32	contracting	contracting	NOUN
cblr-7157	1218	33	environment	environment	NOUN
cblr-7157	1218	34	.	.	PUNCT
cblr-7157	1219	1	in	in	ADP
cblr-7157	1219	2	contrast	contrast	NOUN
cblr-7157	1219	3	,	,	PUNCT
cblr-7157	1219	4	these	these	DET
cblr-7157	1219	5	problems	problem	NOUN
cblr-7157	1219	6	are	be	AUX
cblr-7157	1219	7	front	front	ADJ
cblr-7157	1219	8	and	and	CCONJ
cblr-7157	1219	9	center	center	NOUN
cblr-7157	1219	10	in	in	ADP
cblr-7157	1219	11	corporate	corporate	ADJ
cblr-7157	1219	12	law	law	NOUN
cblr-7157	1219	13	.	.	PUNCT
cblr-7157	1220	1	this	this	PRON
cblr-7157	1220	2	is	be	AUX
cblr-7157	1220	3	why	why	SCONJ
cblr-7157	1220	4	organizations	organization	NOUN
cblr-7157	1220	5	subject	subject	VERB
cblr-7157	1220	6	this	this	PRON
cblr-7157	1220	7	to	to	ADP
cblr-7157	1220	8	a	a	DET
cblr-7157	1220	9	governance	governance	NOUN
cblr-7157	1220	10	mechanism	mechanism	NOUN
cblr-7157	1220	11	rather	rather	ADV
cblr-7157	1220	12	than	than	ADP
cblr-7157	1220	13	unilateral	unilateral	ADJ
cblr-7157	1220	14	rights.269	rights.269	NOUN
cblr-7157	1220	15	the	the	DET
cblr-7157	1220	16	perspective	perspective	NOUN
cblr-7157	1220	17	of	of	ADP
cblr-7157	1220	18	voting	voting	NOUN
cblr-7157	1220	19	as	as	SCONJ
cblr-7157	1220	20	ownership	ownership	NOUN
cblr-7157	1220	21	draws	draw	VERB
cblr-7157	1220	22	support	support	NOUN
cblr-7157	1220	23	from	from	ADP
cblr-7157	1220	24	an	an	DET
cblr-7157	1220	25	unexpected	unexpected	ADJ
cblr-7157	1220	26	place	place	NOUN
cblr-7157	1220	27	—	—	PUNCT
cblr-7157	1220	28	the	the	DET
cblr-7157	1220	29	contractarian	contractarian	ADJ
cblr-7157	1220	30	perspective	perspective	NOUN
cblr-7157	1220	31	of	of	ADP
cblr-7157	1220	32	alchian	alchian	NOUN
cblr-7157	1220	33	and	and	CCONJ
cblr-7157	1220	34	demsetz	demsetz	VERB
cblr-7157	1220	35	.	.	PUNCT
cblr-7157	1221	1	the	the	DET
cblr-7157	1221	2	alchian	alchian	ADJ
cblr-7157	1221	3	-	-	PUNCT
cblr-7157	1221	4	demsetz	demsetz	VERB
cblr-7157	1221	5	paper	paper	NOUN
cblr-7157	1221	6	is	be	AUX
cblr-7157	1221	7	often	often	ADV
cblr-7157	1221	8	thought	think	VERB
cblr-7157	1221	9	of	of	ADP
cblr-7157	1221	10	as	as	ADP
cblr-7157	1221	11	anti	anti	ADJ
cblr-7157	1221	12	-	-	NOUN
cblr-7157	1221	13	ownership	ownership	NOUN
cblr-7157	1221	14	because	because	SCONJ
cblr-7157	1221	15	it	it	PRON
cblr-7157	1221	16	treated	treat	VERB
cblr-7157	1221	17	shareholders	shareholder	NOUN
cblr-7157	1221	18	not	not	PART
cblr-7157	1221	19	as	as	ADP
cblr-7157	1221	20	“	"	PUNCT
cblr-7157	1221	21	joint	joint	ADJ
cblr-7157	1221	22	owners	owner	NOUN
cblr-7157	1221	23	,	,	PUNCT
cblr-7157	1221	24	”	"	PUNCT
cblr-7157	1221	25	but	but	CCONJ
cblr-7157	1221	26	instead	instead	ADV
cblr-7157	1221	27	as	as	ADP
cblr-7157	1221	28	just	just	ADV
cblr-7157	1221	29	“	"	PUNCT
cblr-7157	1221	30	investors	investor	NOUN
cblr-7157	1221	31	”	"	PUNCT
cblr-7157	1221	32	alongside	alongside	ADP
cblr-7157	1221	33	bondholders	bondholder	NOUN
cblr-7157	1221	34	and	and	CCONJ
cblr-7157	1221	35	preferred	prefer	VERB
cblr-7157	1222	1	stockholders.270	stockholders.270	INTJ
cblr-7157	1223	1	but	but	CCONJ
cblr-7157	1223	2	actually	actually	ADV
cblr-7157	1223	3	the	the	DET
cblr-7157	1223	4	rationale	rationale	NOUN
cblr-7157	1223	5	of	of	ADP
cblr-7157	1223	6	alchian	alchian	ADJ
cblr-7157	1223	7	and	and	CCONJ
cblr-7157	1223	8	demsetz	demsetz	PROPN
cblr-7157	1223	9	supports	support	VERB
cblr-7157	1223	10	the	the	DET
cblr-7157	1223	11	thesis	thesis	NOUN
cblr-7157	1223	12	here	here	ADV
cblr-7157	1223	13	that	that	SCONJ
cblr-7157	1223	14	voting	voting	NOUN
cblr-7157	1223	15	rights	right	NOUN
cblr-7157	1223	16	are	be	AUX
cblr-7157	1223	17	ownership	ownership	NOUN
cblr-7157	1223	18	rights	right	NOUN
cblr-7157	1223	19	.	.	PUNCT
cblr-7157	1224	1	they	they	PRON
cblr-7157	1224	2	wrote	write	VERB
cblr-7157	1224	3	:	:	PUNCT
cblr-7157	1224	4	if	if	SCONJ
cblr-7157	1224	5	we	we	PRON
cblr-7157	1224	6	treat	treat	VERB
cblr-7157	1224	7	bondholders	bondholder	NOUN
cblr-7157	1224	8	,	,	PUNCT
cblr-7157	1224	9	preferred	preferred	ADJ
cblr-7157	1224	10	and	and	CCONJ
cblr-7157	1224	11	convertible	convertible	ADJ
cblr-7157	1224	12	preferred	preferred	ADJ
cblr-7157	1224	13	stockholders	stockholder	NOUN
cblr-7157	1224	14	,	,	PUNCT
cblr-7157	1224	15	and	and	CCONJ
cblr-7157	1224	16	common	common	ADJ
cblr-7157	1224	17	stockholders	stockholder	NOUN
cblr-7157	1224	18	and	and	CCONJ
cblr-7157	1224	19	warrant	warrant	NOUN
cblr-7157	1224	20	holders	holder	NOUN
cblr-7157	1224	21	as	as	ADP
cblr-7157	1224	22	simply	simply	ADV
cblr-7157	1224	23	different	different	ADJ
cblr-7157	1224	24	classes	class	NOUN
cblr-7157	1224	25	of	of	ADP
cblr-7157	1224	26	267	267	NUM
cblr-7157	1224	27	ricks	rick	NOUN
cblr-7157	1224	28	,	,	PUNCT
cblr-7157	1224	29	supra	supra	PROPN
cblr-7157	1224	30	note	note	PROPN
cblr-7157	1224	31	201	201	NUM
cblr-7157	1224	32	,	,	PUNCT
cblr-7157	1224	33	at	at	ADP
cblr-7157	1224	34	1342–45	1342–45	NUM
cblr-7157	1224	35	.	.	PUNCT
cblr-7157	1225	1	268	268	NUM
cblr-7157	1226	1	i	i	PRON
cblr-7157	1226	2	d.	d.	VERB
cblr-7157	1226	3	at	at	ADP
cblr-7157	1226	4	1344	1344	NUM
cblr-7157	1226	5	.	.	PUNCT
cblr-7157	1227	1	269	269	NUM
cblr-7157	1228	1	i	i	PRON
cblr-7157	1228	2	d.	d.	PROPN
cblr-7157	1228	3	at	at	ADP
cblr-7157	1228	4	1345	1345	NUM
cblr-7157	1228	5	.	.	PUNCT
cblr-7157	1229	1	270	270	NUM
cblr-7157	1229	2	see	see	VERB
cblr-7157	1229	3	alchian	alchian	PROPN
cblr-7157	1229	4	&	&	CCONJ
cblr-7157	1229	5	demsetz	demsetz	PROPN
cblr-7157	1229	6	,	,	PUNCT
cblr-7157	1229	7	supra	supra	PROPN
cblr-7157	1229	8	note	note	PROPN
cblr-7157	1229	9	31	31	NUM
cblr-7157	1229	10	,	,	PUNCT
cblr-7157	1229	11	at	at	ADP
cblr-7157	1229	12	789	789	NUM
cblr-7157	1229	13	n.14	n.14	NOUN
cblr-7157	1229	14	.	.	PROPN
cblr-7157	1229	15	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1229	16	(	(	PUNCT
cblr-7157	1229	17	do	do	AUX
cblr-7157	1229	18	not	not	PART
cblr-7157	1229	19	delte	delte	VERB
cblr-7157	1229	20	)	)	PUNCT
cblr-7157	1229	21	10/2/2020	10/2/2020	NUM
cblr-7157	1229	22	11:44	11:44	NUM
cblr-7157	1229	23	am	am	NOUN
cblr-7157	1229	24	80	80	NUM
cblr-7157	1229	25	columbia	columbia	PROPN
cblr-7157	1229	26	business	business	NOUN
cblr-7157	1229	27	law	law	NOUN
cblr-7157	1229	28	review	review	NOUN
cblr-7157	1229	29	[	[	X
cblr-7157	1229	30	vol	vol	NOUN
cblr-7157	1229	31	.	.	PUNCT
cblr-7157	1229	32	2020	2020	NUM
cblr-7157	1229	33	investors	investor	NOUN
cblr-7157	1229	34	—	—	PUNCT
cblr-7157	1229	35	differing	differ	VERB
cblr-7157	1229	36	not	not	PART
cblr-7157	1229	37	only	only	ADV
cblr-7157	1229	38	in	in	ADP
cblr-7157	1229	39	their	their	PRON
cblr-7157	1229	40	risk	risk	NOUN
cblr-7157	1229	41	averseness	averseness	NOUN
cblr-7157	1229	42	but	but	CCONJ
cblr-7157	1229	43	in	in	ADP
cblr-7157	1229	44	their	their	PRON
cblr-7157	1229	45	beliefs	belief	NOUN
cblr-7157	1229	46	about	about	ADP
cblr-7157	1229	47	the	the	DET
cblr-7157	1229	48	probability	probability	NOUN
cblr-7157	1229	49	distribution	distribution	NOUN
cblr-7157	1229	50	of	of	ADP
cblr-7157	1229	51	the	the	DET
cblr-7157	1229	52	firm	firm	NOUN
cblr-7157	1229	53	's	's	PART
cblr-7157	1229	54	future	future	ADJ
cblr-7157	1229	55	earnings	earning	NOUN
cblr-7157	1229	56	,	,	PUNCT
cblr-7157	1229	57	why	why	SCONJ
cblr-7157	1229	58	should	should	AUX
cblr-7157	1229	59	stockholders	stockholder	NOUN
cblr-7157	1229	60	be	be	AUX
cblr-7157	1229	61	regarded	regard	VERB
cblr-7157	1229	62	as	as	ADP
cblr-7157	1229	63	‘	'	PUNCT
cblr-7157	1229	64	owners	owner	NOUN
cblr-7157	1229	65	’	'	PUNCT
cblr-7157	1229	66	in	in	ADP
cblr-7157	1229	67	any	any	DET
cblr-7157	1229	68	sense	sense	NOUN
cblr-7157	1229	69	distinct	distinct	ADJ
cblr-7157	1229	70	from	from	ADP
cblr-7157	1229	71	the	the	DET
cblr-7157	1229	72	other	other	ADJ
cblr-7157	1229	73	financial	financial	ADJ
cblr-7157	1229	74	investors?271	investors?271	NOUN
cblr-7157	1229	75	the	the	DET
cblr-7157	1229	76	cited	cite	VERB
cblr-7157	1229	77	passage	passage	NOUN
cblr-7157	1229	78	argues	argue	VERB
cblr-7157	1229	79	that	that	SCONJ
cblr-7157	1229	80	there	there	PRON
cblr-7157	1229	81	need	need	AUX
cblr-7157	1229	82	not	not	PART
cblr-7157	1229	83	be	be	AUX
cblr-7157	1229	84	a	a	DET
cblr-7157	1229	85	unity	unity	NOUN
cblr-7157	1229	86	between	between	ADP
cblr-7157	1229	87	the	the	DET
cblr-7157	1229	88	residual	residual	ADJ
cblr-7157	1229	89	economic	economic	ADJ
cblr-7157	1229	90	interest	interest	NOUN
cblr-7157	1229	91	and	and	CCONJ
cblr-7157	1229	92	voting	voting	NOUN
cblr-7157	1229	93	rights	right	NOUN
cblr-7157	1229	94	,	,	PUNCT
cblr-7157	1229	95	and	and	CCONJ
cblr-7157	1229	96	that	that	SCONJ
cblr-7157	1229	97	non	non	ADJ
cblr-7157	1229	98	-	-	ADJ
cblr-7157	1229	99	voting	voting	ADJ
cblr-7157	1229	100	shareholders	shareholder	NOUN
cblr-7157	1229	101	are	be	AUX
cblr-7157	1229	102	“	"	PUNCT
cblr-7157	1229	103	simply	simply	ADV
cblr-7157	1229	104	investors	investor	NOUN
cblr-7157	1229	105	devoid	devoid	ADJ
cblr-7157	1229	106	of	of	ADP
cblr-7157	1229	107	ownership	ownership	NOUN
cblr-7157	1229	108	connotations	connotation	NOUN
cblr-7157	1229	109	.	.	PUNCT
cblr-7157	1229	110	”272	”272	PROPN
cblr-7157	1229	111	thus	thus	ADV
cblr-7157	1229	112	,	,	PUNCT
cblr-7157	1229	113	even	even	ADV
cblr-7157	1229	114	alchian	alchian	ADJ
cblr-7157	1229	115	and	and	CCONJ
cblr-7157	1229	116	demsetz	demsetz	VERB
cblr-7157	1229	117	implicitly	implicitly	ADV
cblr-7157	1229	118	regard	regard	VERB
cblr-7157	1229	119	voting	voting	NOUN
cblr-7157	1229	120	as	as	ADP
cblr-7157	1229	121	the	the	DET
cblr-7157	1229	122	touchstone	touchstone	NOUN
cblr-7157	1229	123	of	of	ADP
cblr-7157	1229	124	ownership	ownership	NOUN
cblr-7157	1229	125	,	,	PUNCT
cblr-7157	1229	126	even	even	ADV
cblr-7157	1229	127	though	though	ADV
cblr-7157	1229	128	,	,	PUNCT
cblr-7157	1229	129	as	as	SCONJ
cblr-7157	1229	130	they	they	PRON
cblr-7157	1229	131	point	point	VERB
cblr-7157	1229	132	out	out	ADP
cblr-7157	1229	133	,	,	PUNCT
cblr-7157	1229	134	there	there	PRON
cblr-7157	1229	135	need	need	AUX
cblr-7157	1229	136	not	not	PART
cblr-7157	1229	137	be	be	AUX
cblr-7157	1229	138	unity	unity	NOUN
cblr-7157	1229	139	between	between	ADP
cblr-7157	1229	140	the	the	DET
cblr-7157	1229	141	economic	economic	ADJ
cblr-7157	1229	142	and	and	CCONJ
cblr-7157	1229	143	control	control	NOUN
cblr-7157	1229	144	residuals	residual	NOUN
cblr-7157	1229	145	.	.	PUNCT
cblr-7157	1230	1	in	in	ADP
cblr-7157	1230	2	addition	addition	NOUN
cblr-7157	1230	3	to	to	ADP
cblr-7157	1230	4	these	these	DET
cblr-7157	1230	5	theoretical	theoretical	ADJ
cblr-7157	1230	6	mismatches	mismatch	NOUN
cblr-7157	1230	7	,	,	PUNCT
cblr-7157	1230	8	the	the	DET
cblr-7157	1230	9	nexus	nexus	NOUN
cblr-7157	1230	10	of	of	ADP
cblr-7157	1230	11	contracts	contract	NOUN
cblr-7157	1230	12	approach	approach	NOUN
cblr-7157	1230	13	has	have	AUX
cblr-7157	1230	14	struggled	struggle	VERB
cblr-7157	1230	15	to	to	PART
cblr-7157	1230	16	explain	explain	VERB
cblr-7157	1230	17	important	important	ADJ
cblr-7157	1230	18	features	feature	NOUN
cblr-7157	1230	19	of	of	ADP
cblr-7157	1230	20	corporate	corporate	ADJ
cblr-7157	1230	21	law	law	NOUN
cblr-7157	1230	22	and	and	CCONJ
cblr-7157	1230	23	struggled	struggle	VERB
cblr-7157	1230	24	to	to	PART
cblr-7157	1230	25	inform	inform	VERB
cblr-7157	1230	26	how	how	SCONJ
cblr-7157	1230	27	cases	case	NOUN
cblr-7157	1230	28	should	should	AUX
cblr-7157	1230	29	be	be	AUX
cblr-7157	1230	30	decided	decide	VERB
cblr-7157	1230	31	.	.	PUNCT
cblr-7157	1231	1	melvin	melvin	PROPN
cblr-7157	1231	2	eisenberg	eisenberg	PROPN
cblr-7157	1231	3	pointed	point	VERB
cblr-7157	1231	4	out	out	ADP
cblr-7157	1231	5	nearly	nearly	ADV
cblr-7157	1231	6	two	two	NUM
cblr-7157	1231	7	decades	decade	NOUN
cblr-7157	1231	8	ago	ago	ADV
cblr-7157	1231	9	that	that	SCONJ
cblr-7157	1231	10	the	the	DET
cblr-7157	1231	11	nexus	nexus	NOUN
cblr-7157	1231	12	of	of	ADP
cblr-7157	1231	13	contracts	contract	NOUN
cblr-7157	1231	14	theory	theory	NOUN
cblr-7157	1231	15	could	could	AUX
cblr-7157	1231	16	n’t	not	PART
cblr-7157	1231	17	literally	literally	ADV
cblr-7157	1231	18	mean	mean	VERB
cblr-7157	1231	19	that	that	SCONJ
cblr-7157	1231	20	the	the	DET
cblr-7157	1231	21	firm	firm	NOUN
cblr-7157	1231	22	is	be	AUX
cblr-7157	1231	23	just	just	ADV
cblr-7157	1231	24	a	a	DET
cblr-7157	1231	25	collection	collection	NOUN
cblr-7157	1231	26	of	of	ADP
cblr-7157	1231	27	contracts	contract	NOUN
cblr-7157	1231	28	in	in	ADP
cblr-7157	1231	29	legal	legal	ADJ
cblr-7157	1231	30	terms	term	NOUN
cblr-7157	1231	31	,	,	PUNCT
cblr-7157	1231	32	writing	write	VERB
cblr-7157	1231	33	:	:	PUNCT
cblr-7157	1231	34	the	the	DET
cblr-7157	1231	35	conception	conception	NOUN
cblr-7157	1231	36	neither	neither	CCONJ
cblr-7157	1231	37	can	can	AUX
cblr-7157	1231	38	nor	nor	CCONJ
cblr-7157	1231	39	does	do	AUX
cblr-7157	1231	40	mean	mean	VERB
cblr-7157	1231	41	what	what	PRON
cblr-7157	1231	42	it	it	PRON
cblr-7157	1231	43	literally	literally	ADV
cblr-7157	1231	44	says	say	VERB
cblr-7157	1231	45	.	.	PUNCT
cblr-7157	1232	1	in	in	ADP
cblr-7157	1232	2	ordinary	ordinary	ADJ
cblr-7157	1232	3	language	language	NOUN
cblr-7157	1232	4	,	,	PUNCT
cblr-7157	1232	5	the	the	DET
cblr-7157	1232	6	term	term	NOUN
cblr-7157	1232	7	contract	contract	NOUN
cblr-7157	1232	8	means	mean	VERB
cblr-7157	1232	9	an	an	DET
cblr-7157	1232	10	agreement	agreement	NOUN
cblr-7157	1232	11	.	.	PUNCT
cblr-7157	1233	1	in	in	ADP
cblr-7157	1233	2	law	law	NOUN
cblr-7157	1233	3	,	,	PUNCT
cblr-7157	1233	4	the	the	DET
cblr-7157	1233	5	term	term	NOUN
cblr-7157	1233	6	means	mean	VERB
cblr-7157	1233	7	a	a	DET
cblr-7157	1233	8	legally	legally	ADV
cblr-7157	1233	9	enforceable	enforceable	ADJ
cblr-7157	1233	10	promise	promise	NOUN
cblr-7157	1233	11	.	.	PUNCT
cblr-7157	1234	1	pretty	pretty	ADV
cblr-7157	1234	2	clearly	clearly	ADV
cblr-7157	1234	3	,	,	PUNCT
cblr-7157	1234	4	however	however	ADV
cblr-7157	1234	5	,	,	PUNCT
cblr-7157	1234	6	the	the	DET
cblr-7157	1234	7	nexus	nexus	NOUN
cblr-7157	1234	8	-	-	PUNCT
cblr-7157	1234	9	of	of	ADP
cblr-7157	1234	10	-	-	PUNCT
cblr-7157	1234	11	contracts	contract	NOUN
cblr-7157	1234	12	conception	conception	NOUN
cblr-7157	1234	13	does	do	AUX
cblr-7157	1234	14	not	not	PART
cblr-7157	1234	15	mean	mean	VERB
cblr-7157	1234	16	either	either	CCONJ
cblr-7157	1234	17	that	that	SCONJ
cblr-7157	1234	18	the	the	DET
cblr-7157	1234	19	corporation	corporation	NOUN
cblr-7157	1234	20	is	be	AUX
cblr-7157	1234	21	a	a	DET
cblr-7157	1234	22	nexus	nexus	NOUN
cblr-7157	1234	23	of	of	ADP
cblr-7157	1234	24	agreements	agreement	NOUN
cblr-7157	1234	25	or	or	CCONJ
cblr-7157	1234	26	that	that	SCONJ
cblr-7157	1234	27	it	it	PRON
cblr-7157	1234	28	is	be	AUX
cblr-7157	1234	29	a	a	DET
cblr-7157	1234	30	nexus	nexus	NOUN
cblr-7157	1234	31	of	of	ADP
cblr-7157	1234	32	legally	legally	ADV
cblr-7157	1234	33	enforceable	enforceable	ADJ
cblr-7157	1234	34	promises.273	promises.273	NOUN
cblr-7157	1234	35	eisenberg	eisenberg	PROPN
cblr-7157	1234	36	suggests	suggest	VERB
cblr-7157	1234	37	that	that	SCONJ
cblr-7157	1234	38	instead	instead	ADV
cblr-7157	1234	39	“	"	PUNCT
cblr-7157	1234	40	the	the	DET
cblr-7157	1234	41	corporation	corporation	NOUN
cblr-7157	1234	42	is	be	AUX
cblr-7157	1234	43	a	a	DET
cblr-7157	1234	44	nexus	nexus	NOUN
cblr-7157	1234	45	of	of	ADP
cblr-7157	1234	46	reciprocal	reciprocal	ADJ
cblr-7157	1234	47	arrangements	arrangement	NOUN
cblr-7157	1234	48	.	.	PUNCT
cblr-7157	1235	1	”274	”274	ADV
cblr-7157	1235	2	he	he	PRON
cblr-7157	1235	3	notes	note	VERB
cblr-7157	1235	4	that	that	SCONJ
cblr-7157	1235	5	the	the	DET
cblr-7157	1235	6	term	term	NOUN
cblr-7157	1235	7	“	"	PUNCT
cblr-7157	1235	8	contracts	contract	NOUN
cblr-7157	1235	9	”	"	PUNCT
cblr-7157	1235	10	originated	originate	VERB
cblr-7157	1235	11	because	because	SCONJ
cblr-7157	1235	12	economists	economist	NOUN
cblr-7157	1235	13	coined	coin	VERB
cblr-7157	1235	14	it	it	PRON
cblr-7157	1235	15	,	,	PUNCT
cblr-7157	1235	16	and	and	CCONJ
cblr-7157	1235	17	to	to	ADP
cblr-7157	1235	18	economists	economist	NOUN
cblr-7157	1235	19	“	"	PUNCT
cblr-7157	1235	20	contracts	contract	NOUN
cblr-7157	1235	21	”	"	PUNCT
cblr-7157	1235	22	simply	simply	ADV
cblr-7157	1235	23	meant	mean	VERB
cblr-7157	1235	24	“	"	PUNCT
cblr-7157	1235	25	markets	market	NOUN
cblr-7157	1235	26	”	"	PUNCT
cblr-7157	1235	27	rather	rather	ADV
cblr-7157	1235	28	than	than	ADP
cblr-7157	1235	29	the	the	DET
cblr-7157	1235	30	coasean	coasean	ADJ
cblr-7157	1235	31	notion	notion	NOUN
cblr-7157	1235	32	of	of	ADP
cblr-7157	1235	33	non	non	ADJ
cblr-7157	1235	34	-	-	ADJ
cblr-7157	1235	35	market	market	ADJ
cblr-7157	1235	36	fiat	fiat	NOUN
cblr-7157	1235	37	or	or	CCONJ
cblr-7157	1235	38	authority.275	authority.275	PROPN
cblr-7157	1235	39	as	as	ADP
cblr-7157	1235	40	one	one	NUM
cblr-7157	1235	41	example	example	NOUN
cblr-7157	1235	42	of	of	ADP
cblr-7157	1235	43	the	the	DET
cblr-7157	1235	44	muddied	muddy	VERB
cblr-7157	1235	45	boundaries	boundary	NOUN
cblr-7157	1235	46	between	between	ADP
cblr-7157	1235	47	contract	contract	NOUN
cblr-7157	1235	48	and	and	CCONJ
cblr-7157	1235	49	property	property	NOUN
cblr-7157	1235	50	law	law	NOUN
cblr-7157	1235	51	,	,	PUNCT
cblr-7157	1235	52	fama	fama	PROPN
cblr-7157	1235	53	makes	make	VERB
cblr-7157	1235	54	it	it	PRON
cblr-7157	1235	55	clear	clear	ADJ
cblr-7157	1235	56	that	that	SCONJ
cblr-7157	1235	57	he	he	PRON
cblr-7157	1235	58	is	be	AUX
cblr-7157	1235	59	n’t	not	PART
cblr-7157	1235	60	distinguishing	distinguish	VERB
cblr-7157	1235	61	between	between	ADP
cblr-7157	1235	62	contract	contract	NOUN
cblr-7157	1235	63	and	and	CCONJ
cblr-7157	1235	64	property	property	NOUN
cblr-7157	1235	65	in	in	ADP
cblr-7157	1235	66	a	a	DET
cblr-7157	1235	67	legal	legal	ADJ
cblr-7157	1235	68	sense	sense	NOUN
cblr-7157	1235	69	,	,	PUNCT
cblr-7157	1235	70	noting	note	VERB
cblr-7157	1235	71	that	that	SCONJ
cblr-7157	1235	72	271	271	NUM
cblr-7157	1235	73	i	i	PRON
cblr-7157	1235	74	d.	d.	PROPN
cblr-7157	1235	75	272	272	NUM
cblr-7157	1236	1	i	i	PROPN
cblr-7157	1236	2	d.	d.	PROPN
cblr-7157	1236	3	273	273	NUM
cblr-7157	1236	4	eisenberg	eisenberg	PROPN
cblr-7157	1236	5	,	,	PUNCT
cblr-7157	1236	6	supra	supra	PROPN
cblr-7157	1236	7	note	note	PROPN
cblr-7157	1236	8	1	1	NUM
cblr-7157	1236	9	,	,	PUNCT
cblr-7157	1236	10	at	at	ADP
cblr-7157	1236	11	822	822	NUM
cblr-7157	1236	12	(	(	PUNCT
cblr-7157	1236	13	emphasis	emphasis	NOUN
cblr-7157	1236	14	in	in	ADP
cblr-7157	1236	15	original	original	ADJ
cblr-7157	1236	16	)	)	PUNCT
cblr-7157	1236	17	.	.	PUNCT
cblr-7157	1237	1	274	274	NUM
cblr-7157	1237	2	i	i	PRON
cblr-7157	1237	3	d.	d.	PROPN
cblr-7157	1237	4	275	275	NUM
cblr-7157	1237	5	i	i	PRON
cblr-7157	1237	6	d.	d.	PROPN
cblr-7157	1237	7	at	at	ADP
cblr-7157	1237	8	822–23	822–23	PROPN
cblr-7157	1237	9	.	.	PUNCT
cblr-7157	1238	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1238	2	(	(	PUNCT
cblr-7157	1238	3	do	do	AUX
cblr-7157	1238	4	not	not	PART
cblr-7157	1238	5	delete	delete	VERB
cblr-7157	1238	6	)	)	PUNCT
cblr-7157	1238	7	10/2/2020	10/2/2020	NUM
cblr-7157	1238	8	11:44	11:44	NUM
cblr-7157	1238	9	am	be	AUX
cblr-7157	1238	10	no	no	NOUN
cblr-7157	1238	11	.	.	PUNCT
cblr-7157	1238	12	1:1	1:1	NUM
cblr-7157	1238	13	]	]	X
cblr-7157	1238	14	a	a	DET
cblr-7157	1238	15	property	property	NOUN
cblr-7157	1238	16	theory	theory	NOUN
cblr-7157	1238	17	81	81	NUM
cblr-7157	1238	18	“	"	PUNCT
cblr-7157	1238	19	because	because	SCONJ
cblr-7157	1238	20	of	of	ADP
cblr-7157	1238	21	[	[	PUNCT
cblr-7157	1238	22	the	the	DET
cblr-7157	1238	23	nexus	nexus	NOUN
cblr-7157	1238	24	of	of	ADP
cblr-7157	1238	25	contracts	contract	NOUN
cblr-7157	1238	26	theory	theory	NOUN
cblr-7157	1238	27	’s	’s	PART
cblr-7157	1238	28	]	]	PUNCT
cblr-7157	1238	29	emphasis	emphasis	NOUN
cblr-7157	1238	30	on	on	ADP
cblr-7157	1238	31	the	the	DET
cblr-7157	1238	32	importance	importance	NOUN
cblr-7157	1238	33	of	of	ADP
cblr-7157	1238	34	rights	right	NOUN
cblr-7157	1238	35	in	in	ADP
cblr-7157	1238	36	the	the	DET
cblr-7157	1238	37	organization	organization	NOUN
cblr-7157	1238	38	established	establish	VERB
cblr-7157	1238	39	by	by	ADP
cblr-7157	1238	40	contracts	contract	NOUN
cblr-7157	1238	41	,	,	PUNCT
cblr-7157	1238	42	this	this	DET
cblr-7157	1238	43	literature	literature	NOUN
cblr-7157	1238	44	is	be	AUX
cblr-7157	1238	45	characterized	characterize	VERB
cblr-7157	1238	46	under	under	ADP
cblr-7157	1238	47	the	the	DET
cblr-7157	1238	48	rubric	rubric	ADJ
cblr-7157	1238	49	‘	'	PUNCT
cblr-7157	1238	50	property	property	NOUN
cblr-7157	1238	51	rights	right	NOUN
cblr-7157	1238	52	.	.	PUNCT
cblr-7157	1239	1	’”276	’”276	ADJ
cblr-7157	1239	2	here	here	ADV
cblr-7157	1239	3	,	,	PUNCT
cblr-7157	1239	4	fama	fama	PROPN
cblr-7157	1239	5	equates	equate	VERB
cblr-7157	1239	6	contract	contract	NOUN
cblr-7157	1239	7	rights	right	NOUN
cblr-7157	1239	8	with	with	ADP
cblr-7157	1239	9	property	property	NOUN
cblr-7157	1239	10	rights	right	NOUN
cblr-7157	1239	11	,	,	PUNCT
cblr-7157	1239	12	showing	show	VERB
cblr-7157	1239	13	that	that	SCONJ
cblr-7157	1239	14	a	a	DET
cblr-7157	1239	15	hard	hard	ADJ
cblr-7157	1239	16	distinction	distinction	NOUN
cblr-7157	1239	17	was	be	AUX
cblr-7157	1239	18	not	not	PART
cblr-7157	1239	19	intended	intend	VERB
cblr-7157	1239	20	to	to	PART
cblr-7157	1239	21	delineate	delineate	VERB
cblr-7157	1239	22	between	between	ADP
cblr-7157	1239	23	the	the	DET
cblr-7157	1239	24	concepts	concept	NOUN
cblr-7157	1239	25	.	.	PUNCT
cblr-7157	1240	1	there	there	PRON
cblr-7157	1240	2	are	be	VERB
cblr-7157	1240	3	ways	way	NOUN
cblr-7157	1240	4	of	of	ADP
cblr-7157	1240	5	thinking	think	VERB
cblr-7157	1240	6	about	about	ADP
cblr-7157	1240	7	the	the	DET
cblr-7157	1240	8	nexus	nexus	NOUN
cblr-7157	1240	9	of	of	ADP
cblr-7157	1240	10	contracts	contract	NOUN
cblr-7157	1240	11	theory	theory	NOUN
cblr-7157	1240	12	that	that	PRON
cblr-7157	1240	13	are	be	AUX
cblr-7157	1240	14	not	not	PART
cblr-7157	1240	15	inconsistent	inconsistent	ADJ
cblr-7157	1240	16	with	with	ADP
cblr-7157	1240	17	the	the	DET
cblr-7157	1240	18	property	property	NOUN
cblr-7157	1240	19	theory	theory	NOUN
cblr-7157	1240	20	developed	develop	VERB
cblr-7157	1240	21	in	in	ADP
cblr-7157	1240	22	this	this	DET
cblr-7157	1240	23	article	article	NOUN
cblr-7157	1240	24	.	.	PUNCT
cblr-7157	1241	1	one	one	NUM
cblr-7157	1241	2	version	version	NOUN
cblr-7157	1241	3	of	of	ADP
cblr-7157	1241	4	the	the	DET
cblr-7157	1241	5	nexus	nexus	NOUN
cblr-7157	1241	6	of	of	ADP
cblr-7157	1241	7	contracts	contract	NOUN
cblr-7157	1241	8	theory	theory	NOUN
cblr-7157	1241	9	simply	simply	ADV
cblr-7157	1241	10	seeks	seek	VERB
cblr-7157	1241	11	to	to	PART
cblr-7157	1241	12	explain	explain	VERB
cblr-7157	1241	13	the	the	DET
cblr-7157	1241	14	dominant	dominant	ADJ
cblr-7157	1241	15	enabling	enable	VERB
cblr-7157	1241	16	function	function	NOUN
cblr-7157	1241	17	of	of	ADP
cblr-7157	1241	18	corporate	corporate	ADJ
cblr-7157	1241	19	law	law	NOUN
cblr-7157	1241	20	,	,	PUNCT
cblr-7157	1241	21	as	as	SCONJ
cblr-7157	1241	22	contrasted	contrast	VERB
cblr-7157	1241	23	against	against	ADP
cblr-7157	1241	24	its	its	PRON
cblr-7157	1241	25	limited	limited	ADJ
cblr-7157	1241	26	mandatory	mandatory	ADJ
cblr-7157	1241	27	features	feature	NOUN
cblr-7157	1241	28	.	.	PUNCT
cblr-7157	1242	1	this	this	DET
cblr-7157	1242	2	“	"	PUNCT
cblr-7157	1242	3	facilitative	facilitative	ADJ
cblr-7157	1242	4	”	"	PUNCT
cblr-7157	1242	5	or	or	CCONJ
cblr-7157	1242	6	“	"	PUNCT
cblr-7157	1242	7	private	private	ADJ
cblr-7157	1242	8	law	law	NOUN
cblr-7157	1242	9	”	"	PUNCT
cblr-7157	1242	10	view	view	NOUN
cblr-7157	1242	11	of	of	ADP
cblr-7157	1242	12	corporations	corporation	NOUN
cblr-7157	1242	13	is	be	AUX
cblr-7157	1242	14	often	often	ADV
cblr-7157	1242	15	contrasted	contrast	VERB
cblr-7157	1242	16	with	with	ADP
cblr-7157	1242	17	a	a	DET
cblr-7157	1242	18	public	public	ADJ
cblr-7157	1242	19	perspective	perspective	NOUN
cblr-7157	1242	20	that	that	PRON
cblr-7157	1242	21	emphasizes	emphasize	VERB
cblr-7157	1242	22	mandatory	mandatory	ADJ
cblr-7157	1242	23	rules	rule	NOUN
cblr-7157	1242	24	,	,	PUNCT
cblr-7157	1242	25	regulation	regulation	NOUN
cblr-7157	1242	26	,	,	PUNCT
cblr-7157	1242	27	and	and	CCONJ
cblr-7157	1242	28	governmental	governmental	ADJ
cblr-7157	1242	29	intervention.277	intervention.277	NOUN
cblr-7157	1242	30	it	it	PRON
cblr-7157	1242	31	may	may	AUX
cblr-7157	1242	32	be	be	AUX
cblr-7157	1242	33	better	well	ADJ
cblr-7157	1242	34	to	to	PART
cblr-7157	1242	35	think	think	VERB
cblr-7157	1242	36	of	of	ADP
cblr-7157	1242	37	the	the	DET
cblr-7157	1242	38	contractarian	contractarian	ADJ
cblr-7157	1242	39	school	school	NOUN
cblr-7157	1242	40	as	as	SCONJ
cblr-7157	1242	41	merely	merely	ADV
cblr-7157	1242	42	placing	place	VERB
cblr-7157	1242	43	corporate	corporate	ADJ
cblr-7157	1242	44	law	law	NOUN
cblr-7157	1242	45	within	within	ADP
cblr-7157	1242	46	the	the	DET
cblr-7157	1242	47	private	private	ADJ
cblr-7157	1242	48	law	law	NOUN
cblr-7157	1242	49	tradition	tradition	NOUN
cblr-7157	1242	50	as	as	SCONJ
cblr-7157	1242	51	opposed	oppose	VERB
cblr-7157	1242	52	to	to	ADP
cblr-7157	1242	53	the	the	DET
cblr-7157	1242	54	public	public	ADJ
cblr-7157	1242	55	law	law	NOUN
cblr-7157	1242	56	tradition.278	tradition.278	VERB
cblr-7157	1242	57	another	another	DET
cblr-7157	1242	58	way	way	NOUN
cblr-7157	1242	59	of	of	ADP
cblr-7157	1242	60	looking	look	VERB
cblr-7157	1242	61	at	at	ADP
cblr-7157	1242	62	this	this	DET
cblr-7157	1242	63	article	article	NOUN
cblr-7157	1242	64	’s	’s	PART
cblr-7157	1242	65	connection	connection	NOUN
cblr-7157	1242	66	to	to	ADP
cblr-7157	1242	67	the	the	DET
cblr-7157	1242	68	contractarian	contractarian	ADJ
cblr-7157	1242	69	approach	approach	NOUN
cblr-7157	1242	70	is	be	AUX
cblr-7157	1242	71	by	by	ADP
cblr-7157	1242	72	finding	find	VERB
cblr-7157	1242	73	that	that	SCONJ
cblr-7157	1242	74	the	the	DET
cblr-7157	1242	75	nexus	nexus	NOUN
cblr-7157	1242	76	of	of	ADP
cblr-7157	1242	77	contracts	contract	NOUN
cblr-7157	1242	78	approach	approach	NOUN
cblr-7157	1242	79	applies	apply	VERB
cblr-7157	1242	80	a	a	DET
cblr-7157	1242	81	coasean	coasean	ADJ
cblr-7157	1242	82	argument	argument	NOUN
cblr-7157	1242	83	to	to	ADP
cblr-7157	1242	84	suppliers	supplier	NOUN
cblr-7157	1242	85	of	of	ADP
cblr-7157	1242	86	capital	capital	NOUN
cblr-7157	1242	87	.	.	PUNCT
cblr-7157	1243	1	instead	instead	ADV
cblr-7157	1243	2	of	of	ADP
cblr-7157	1243	3	asking	ask	VERB
cblr-7157	1243	4	why	why	SCONJ
cblr-7157	1243	5	inputs	input	NOUN
cblr-7157	1243	6	to	to	ADP
cblr-7157	1243	7	production	production	NOUN
cblr-7157	1243	8	are	be	AUX
cblr-7157	1243	9	manufactured	manufacture	VERB
cblr-7157	1243	10	within	within	ADP
cblr-7157	1243	11	a	a	DET
cblr-7157	1243	12	firm	firm	NOUN
cblr-7157	1243	13	instead	instead	ADV
cblr-7157	1243	14	of	of	ADP
cblr-7157	1243	15	across	across	ADP
cblr-7157	1243	16	markets	market	NOUN
cblr-7157	1243	17	,	,	PUNCT
cblr-7157	1243	18	one	one	PRON
cblr-7157	1243	19	could	could	AUX
cblr-7157	1243	20	ask	ask	VERB
cblr-7157	1243	21	why	why	SCONJ
cblr-7157	1243	22	capital	capital	NOUN
cblr-7157	1243	23	is	be	AUX
cblr-7157	1243	24	supplied	supply	VERB
cblr-7157	1243	25	by	by	ADP
cblr-7157	1243	26	bringing	bring	VERB
cblr-7157	1243	27	suppliers	supplier	NOUN
cblr-7157	1243	28	of	of	ADP
cblr-7157	1243	29	capital	capital	NOUN
cblr-7157	1243	30	into	into	ADP
cblr-7157	1243	31	the	the	DET
cblr-7157	1243	32	firm	firm	NOUN
cblr-7157	1243	33	(	(	PUNCT
cblr-7157	1243	34	shareholders	shareholder	NOUN
cblr-7157	1243	35	)	)	PUNCT
cblr-7157	1243	36	instead	instead	ADV
cblr-7157	1243	37	of	of	ADP
cblr-7157	1243	38	solely	solely	ADV
cblr-7157	1243	39	borrowing	borrow	VERB
cblr-7157	1243	40	in	in	ADP
cblr-7157	1243	41	the	the	DET
cblr-7157	1243	42	capital	capital	NOUN
cblr-7157	1243	43	markets	market	NOUN
cblr-7157	1243	44	.	.	PUNCT
cblr-7157	1244	1	presumably	presumably	ADV
cblr-7157	1244	2	there	there	PRON
cblr-7157	1244	3	are	be	VERB
cblr-7157	1244	4	high	high	ADJ
cblr-7157	1244	5	transaction	transaction	NOUN
cblr-7157	1244	6	costs	cost	NOUN
cblr-7157	1244	7	associated	associate	VERB
cblr-7157	1244	8	with	with	ADP
cblr-7157	1244	9	writing	write	VERB
cblr-7157	1244	10	contracts	contract	NOUN
cblr-7157	1244	11	with	with	ADP
cblr-7157	1244	12	residual	residual	ADJ
cblr-7157	1244	13	holders	holder	NOUN
cblr-7157	1244	14	,	,	PUNCT
cblr-7157	1244	15	so	so	ADV
cblr-7157	1244	16	instead	instead	ADV
cblr-7157	1244	17	the	the	DET
cblr-7157	1244	18	bargaining	bargaining	NOUN
cblr-7157	1244	19	process	process	NOUN
cblr-7157	1244	20	is	be	AUX
cblr-7157	1244	21	suppressed	suppress	VERB
cblr-7157	1244	22	by	by	ADP
cblr-7157	1244	23	bringing	bring	VERB
cblr-7157	1244	24	some	some	DET
cblr-7157	1244	25	suppliers	supplier	NOUN
cblr-7157	1244	26	of	of	ADP
cblr-7157	1244	27	capital	capital	NOUN
cblr-7157	1244	28	“	"	PUNCT
cblr-7157	1244	29	inside	inside	ADV
cblr-7157	1244	30	”	"	PUNCT
cblr-7157	1244	31	as	as	ADP
cblr-7157	1244	32	shareholders	shareholder	NOUN
cblr-7157	1244	33	.	.	PUNCT
cblr-7157	1245	1	this	this	PRON
cblr-7157	1245	2	,	,	PUNCT
cblr-7157	1245	3	however	however	ADV
cblr-7157	1245	4	,	,	PUNCT
cblr-7157	1245	5	is	be	AUX
cblr-7157	1245	6	actually	actually	ADV
cblr-7157	1245	7	supportive	supportive	ADJ
cblr-7157	1245	8	of	of	ADP
cblr-7157	1245	9	the	the	DET
cblr-7157	1245	10	idea	idea	NOUN
cblr-7157	1245	11	that	that	SCONJ
cblr-7157	1245	12	there	there	PRON
cblr-7157	1245	13	is	be	VERB
cblr-7157	1245	14	a	a	DET
cblr-7157	1245	15	non	non	ADJ
cblr-7157	1245	16	-	-	ADJ
cblr-7157	1245	17	contractual	contractual	ADJ
cblr-7157	1245	18	relationship	relationship	NOUN
cblr-7157	1245	19	between	between	ADP
cblr-7157	1245	20	shareholders	shareholder	NOUN
cblr-7157	1245	21	and	and	CCONJ
cblr-7157	1245	22	the	the	DET
cblr-7157	1245	23	corporation	corporation	NOUN
cblr-7157	1245	24	.	.	PUNCT
cblr-7157	1246	1	the	the	DET
cblr-7157	1246	2	problem	problem	NOUN
cblr-7157	1246	3	is	be	AUX
cblr-7157	1246	4	not	not	PART
cblr-7157	1246	5	exactly	exactly	ADV
cblr-7157	1246	6	one	one	NUM
cblr-7157	1246	7	with	with	ADP
cblr-7157	1246	8	the	the	DET
cblr-7157	1246	9	theory	theory	NOUN
cblr-7157	1246	10	of	of	ADP
cblr-7157	1246	11	the	the	DET
cblr-7157	1246	12	firm	firm	NOUN
cblr-7157	1246	13	as	as	SCONJ
cblr-7157	1246	14	applied	apply	VERB
cblr-7157	1246	15	to	to	ADP
cblr-7157	1246	16	corporate	corporate	ADJ
cblr-7157	1246	17	law	law	NOUN
cblr-7157	1246	18	.	.	PUNCT
cblr-7157	1247	1	although	although	SCONJ
cblr-7157	1247	2	the	the	DET
cblr-7157	1247	3	economic	economic	ADJ
cblr-7157	1247	4	theory	theory	NOUN
cblr-7157	1247	5	of	of	ADP
cblr-7157	1247	6	the	the	DET
cblr-7157	1247	7	firm	firm	NOUN
cblr-7157	1247	8	eventually	eventually	ADV
cblr-7157	1247	9	“	"	PUNCT
cblr-7157	1247	10	moved	move	VERB
cblr-7157	1247	11	on	on	ADV
cblr-7157	1247	12	”	"	PUNCT
cblr-7157	1247	13	to	to	ADP
cblr-7157	1247	14	the	the	DET
cblr-7157	1247	15	ghm	ghm	PROPN
cblr-7157	1247	16	model	model	NOUN
cblr-7157	1247	17	,	,	PUNCT
cblr-7157	1247	18	the	the	DET
cblr-7157	1247	19	theory	theory	NOUN
cblr-7157	1247	20	of	of	ADP
cblr-7157	1247	21	corporate	corporate	ADJ
cblr-7157	1247	22	law	law	NOUN
cblr-7157	1247	23	is	be	AUX
cblr-7157	1247	24	still	still	ADV
cblr-7157	1247	25	largely	largely	ADV
cblr-7157	1247	26	contractarian.279	contractarian.279	NOUN
cblr-7157	1247	27	in	in	ADP
cblr-7157	1247	28	a	a	DET
cblr-7157	1247	29	sense	sense	NOUN
cblr-7157	1247	30	,	,	PUNCT
cblr-7157	1247	31	the	the	DET
cblr-7157	1247	32	276	276	NUM
cblr-7157	1247	33	fama	fama	NOUN
cblr-7157	1247	34	,	,	PUNCT
cblr-7157	1247	35	supra	supra	PROPN
cblr-7157	1247	36	note	note	NOUN
cblr-7157	1247	37	40	40	NUM
cblr-7157	1247	38	,	,	PUNCT
cblr-7157	1247	39	at	at	ADP
cblr-7157	1247	40	289	289	NUM
cblr-7157	1247	41	.	.	PUNCT
cblr-7157	1248	1	277	277	NUM
cblr-7157	1248	2	see	see	VERB
cblr-7157	1248	3	,	,	PUNCT
cblr-7157	1248	4	e.g.	e.g.	ADV
cblr-7157	1248	5	,	,	PUNCT
cblr-7157	1248	6	marc	marc	PROPN
cblr-7157	1248	7	t.	t.	PROPN
cblr-7157	1248	8	moore	moore	PROPN
cblr-7157	1248	9	,	,	PUNCT
cblr-7157	1248	10	corporate	corporate	ADJ
cblr-7157	1248	11	governance	governance	NOUN
cblr-7157	1248	12	in	in	ADP
cblr-7157	1248	13	the	the	DET
cblr-7157	1248	14	shadow	shadow	NOUN
cblr-7157	1248	15	of	of	ADP
cblr-7157	1248	16	the	the	DET
cblr-7157	1248	17	state	state	NOUN
cblr-7157	1248	18	1–6	1–6	NUM
cblr-7157	1248	19	(	(	PUNCT
cblr-7157	1248	20	2013	2013	NUM
cblr-7157	1248	21	)	)	PUNCT
cblr-7157	1248	22	.	.	PUNCT
cblr-7157	1249	1	278	278	NUM
cblr-7157	1249	2	see	see	VERB
cblr-7157	1249	3	greenfield	greenfield	NOUN
cblr-7157	1249	4	,	,	PUNCT
cblr-7157	1249	5	supra	supra	PROPN
cblr-7157	1249	6	note	note	NOUN
cblr-7157	1249	7	72	72	NUM
cblr-7157	1249	8	,	,	PUNCT
cblr-7157	1249	9	29–33	29–33	NUM
cblr-7157	1249	10	.	.	NOUN
cblr-7157	1249	11	279	279	NUM
cblr-7157	1249	12	armour	armour	NOUN
cblr-7157	1249	13	&	&	CCONJ
cblr-7157	1249	14	whincop	whincop	PROPN
cblr-7157	1249	15	,	,	PUNCT
cblr-7157	1249	16	supra	supra	PROPN
cblr-7157	1249	17	note	note	NOUN
cblr-7157	1249	18	225	225	NUM
cblr-7157	1249	19	,	,	PUNCT
cblr-7157	1249	20	at	at	ADP
cblr-7157	1249	21	462	462	NUM
cblr-7157	1249	22	.	.	PUNCT
cblr-7157	1250	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1250	2	(	(	PUNCT
cblr-7157	1250	3	do	do	AUX
cblr-7157	1250	4	not	not	PART
cblr-7157	1250	5	delte	delte	VERB
cblr-7157	1250	6	)	)	PUNCT
cblr-7157	1250	7	10/2/2020	10/2/2020	NUM
cblr-7157	1250	8	11:44	11:44	NUM
cblr-7157	1250	9	am	be	AUX
cblr-7157	1250	10	82	82	NUM
cblr-7157	1250	11	columbia	columbia	PROPN
cblr-7157	1250	12	business	business	NOUN
cblr-7157	1250	13	law	law	PROPN
cblr-7157	1250	14	review	review	NOUN
cblr-7157	1250	15	[	[	X
cblr-7157	1250	16	vol	vol	NOUN
cblr-7157	1250	17	.	.	PUNCT
cblr-7157	1251	1	2020	2020	NUM
cblr-7157	1251	2	role	role	NOUN
cblr-7157	1251	3	of	of	ADP
cblr-7157	1251	4	this	this	DET
cblr-7157	1251	5	article	article	NOUN
cblr-7157	1251	6	and	and	CCONJ
cblr-7157	1251	7	the	the	DET
cblr-7157	1251	8	new	new	ADJ
cblr-7157	1251	9	property	property	NOUN
cblr-7157	1251	10	perspective	perspective	NOUN
cblr-7157	1251	11	on	on	ADP
cblr-7157	1251	12	corporate	corporate	ADJ
cblr-7157	1251	13	law	law	NOUN
cblr-7157	1251	14	is	be	AUX
cblr-7157	1251	15	to	to	PART
cblr-7157	1251	16	take	take	VERB
cblr-7157	1251	17	the	the	DET
cblr-7157	1251	18	first	first	ADJ
cblr-7157	1251	19	steps	step	NOUN
cblr-7157	1251	20	down	down	ADP
cblr-7157	1251	21	the	the	DET
cblr-7157	1251	22	road	road	NOUN
cblr-7157	1251	23	toward	toward	ADP
cblr-7157	1251	24	integrating	integrate	VERB
cblr-7157	1251	25	the	the	DET
cblr-7157	1251	26	insights	insight	NOUN
cblr-7157	1251	27	of	of	ADP
cblr-7157	1251	28	the	the	DET
cblr-7157	1251	29	ghm	ghm	PROPN
cblr-7157	1251	30	model	model	NOUN
cblr-7157	1251	31	into	into	ADP
cblr-7157	1251	32	the	the	DET
cblr-7157	1251	33	theory	theory	NOUN
cblr-7157	1251	34	of	of	ADP
cblr-7157	1251	35	corporate	corporate	ADJ
cblr-7157	1251	36	law	law	NOUN
cblr-7157	1251	37	.	.	PUNCT
cblr-7157	1252	1	v.	v.	ADP
cblr-7157	1252	2	the	the	DET
cblr-7157	1252	3	implications	implication	NOUN
cblr-7157	1252	4	for	for	ADP
cblr-7157	1252	5	corporate	corporate	ADJ
cblr-7157	1252	6	law	law	NOUN
cblr-7157	1252	7	the	the	DET
cblr-7157	1252	8	nexus	nexus	NOUN
cblr-7157	1252	9	of	of	ADP
cblr-7157	1252	10	contracts	contract	NOUN
cblr-7157	1252	11	model	model	NOUN
cblr-7157	1252	12	does	do	AUX
cblr-7157	1252	13	not	not	PART
cblr-7157	1252	14	actually	actually	ADV
cblr-7157	1252	15	solve	solve	VERB
cblr-7157	1252	16	many	many	ADJ
cblr-7157	1252	17	problems	problem	NOUN
cblr-7157	1252	18	in	in	ADP
cblr-7157	1252	19	corporate	corporate	ADJ
cblr-7157	1252	20	law	law	NOUN
cblr-7157	1252	21	.	.	PUNCT
cblr-7157	1253	1	indeed	indeed	ADV
cblr-7157	1253	2	,	,	PUNCT
cblr-7157	1253	3	those	those	PRON
cblr-7157	1253	4	in	in	ADP
cblr-7157	1253	5	the	the	DET
cblr-7157	1253	6	debate	debate	NOUN
cblr-7157	1253	7	often	often	ADV
cblr-7157	1253	8	struggle	struggle	VERB
cblr-7157	1253	9	to	to	PART
cblr-7157	1253	10	identify	identify	VERB
cblr-7157	1253	11	specific	specific	ADJ
cblr-7157	1253	12	reasons	reason	NOUN
cblr-7157	1253	13	why	why	SCONJ
cblr-7157	1253	14	it	it	PRON
cblr-7157	1253	15	matters.280	matters.280	NOUN
cblr-7157	1253	16	there	there	PRON
cblr-7157	1253	17	are	be	VERB
cblr-7157	1253	18	several	several	ADJ
cblr-7157	1253	19	reasons	reason	NOUN
cblr-7157	1253	20	for	for	ADP
cblr-7157	1253	21	this	this	PRON
cblr-7157	1253	22	.	.	PUNCT
cblr-7157	1254	1	first	first	ADV
cblr-7157	1254	2	,	,	PUNCT
cblr-7157	1254	3	as	as	SCONJ
cblr-7157	1254	4	mentioned	mention	VERB
cblr-7157	1254	5	above	above	ADV
cblr-7157	1254	6	,	,	PUNCT
cblr-7157	1254	7	the	the	DET
cblr-7157	1254	8	nexus	nexus	NOUN
cblr-7157	1254	9	of	of	ADP
cblr-7157	1254	10	contracts	contract	NOUN
cblr-7157	1254	11	theory	theory	NOUN
cblr-7157	1254	12	does	do	AUX
cblr-7157	1254	13	not	not	PART
cblr-7157	1254	14	have	have	VERB
cblr-7157	1254	15	many	many	ADJ
cblr-7157	1254	16	implications	implication	NOUN
cblr-7157	1254	17	;	;	PUNCT
cblr-7157	1254	18	it	it	PRON
cblr-7157	1254	19	is	be	AUX
cblr-7157	1254	20	largely	largely	ADV
cblr-7157	1254	21	an	an	DET
cblr-7157	1254	22	imprimatur	imprimatur	NOUN
cblr-7157	1254	23	on	on	ADP
cblr-7157	1254	24	the	the	DET
cblr-7157	1254	25	status	status	NOUN
cblr-7157	1254	26	quo.281	quo.281	VERB
cblr-7157	1254	27	second	second	ADV
cblr-7157	1254	28	,	,	PUNCT
cblr-7157	1254	29	without	without	ADP
cblr-7157	1254	30	a	a	DET
cblr-7157	1254	31	boundary	boundary	ADJ
cblr-7157	1254	32	line	line	NOUN
cblr-7157	1254	33	between	between	ADP
cblr-7157	1254	34	property	property	NOUN
cblr-7157	1254	35	and	and	CCONJ
cblr-7157	1254	36	contract	contract	NOUN
cblr-7157	1254	37	,	,	PUNCT
cblr-7157	1254	38	the	the	DET
cblr-7157	1254	39	contractarian	contractarian	ADJ
cblr-7157	1254	40	model	model	NOUN
cblr-7157	1254	41	does	do	AUX
cblr-7157	1254	42	not	not	PART
cblr-7157	1254	43	do	do	VERB
cblr-7157	1254	44	much	much	ADJ
cblr-7157	1254	45	work	work	NOUN
cblr-7157	1254	46	in	in	ADP
cblr-7157	1254	47	identifying	identify	VERB
cblr-7157	1254	48	how	how	SCONJ
cblr-7157	1254	49	or	or	CCONJ
cblr-7157	1254	50	why	why	SCONJ
cblr-7157	1254	51	corporate	corporate	ADJ
cblr-7157	1254	52	law	law	NOUN
cblr-7157	1254	53	differs	differ	VERB
cblr-7157	1254	54	from	from	ADP
cblr-7157	1254	55	ordinary	ordinary	ADJ
cblr-7157	1254	56	contract	contract	NOUN
cblr-7157	1254	57	law.282	law.282	NOUN
cblr-7157	1254	58	third	third	ADV
cblr-7157	1254	59	,	,	PUNCT
cblr-7157	1254	60	in	in	ADP
cblr-7157	1254	61	many	many	ADJ
cblr-7157	1254	62	defenses	defense	NOUN
cblr-7157	1254	63	of	of	ADP
cblr-7157	1254	64	shareholder	shareholder	NOUN
cblr-7157	1254	65	ownership	ownership	NOUN
cblr-7157	1254	66	of	of	ADP
cblr-7157	1254	67	the	the	DET
cblr-7157	1254	68	corporation	corporation	NOUN
cblr-7157	1254	69	,	,	PUNCT
cblr-7157	1254	70	the	the	DET
cblr-7157	1254	71	most	most	ADV
cblr-7157	1254	72	significant	significant	ADJ
cblr-7157	1254	73	justification	justification	NOUN
cblr-7157	1254	74	offered	offer	VERB
cblr-7157	1254	75	is	be	AUX
cblr-7157	1254	76	that	that	PRON
cblr-7157	1254	77	of	of	ADP
cblr-7157	1254	78	“	"	PUNCT
cblr-7157	1254	79	shareholder	shareholder	NOUN
cblr-7157	1254	80	primacy	primacy	NOUN
cblr-7157	1254	81	.	.	PUNCT
cblr-7157	1255	1	”283	”283	PROPN
cblr-7157	1255	2	critics	critic	NOUN
cblr-7157	1255	3	counter	counter	VERB
cblr-7157	1255	4	that	that	SCONJ
cblr-7157	1255	5	ownership	ownership	NOUN
cblr-7157	1255	6	is	be	AUX
cblr-7157	1255	7	not	not	PART
cblr-7157	1255	8	a	a	DET
cblr-7157	1255	9	serious	serious	ADJ
cblr-7157	1255	10	explanation	explanation	NOUN
cblr-7157	1255	11	for	for	ADP
cblr-7157	1255	12	the	the	DET
cblr-7157	1255	13	concept	concept	NOUN
cblr-7157	1255	14	of	of	ADP
cblr-7157	1255	15	shareholder	shareholder	NOUN
cblr-7157	1255	16	primacy.284	primacy.284	PROPN
cblr-7157	1255	17	moreover	moreover	ADV
cblr-7157	1255	18	,	,	PUNCT
cblr-7157	1255	19	the	the	DET
cblr-7157	1255	20	nexus	nexus	NOUN
cblr-7157	1255	21	of	of	ADP
cblr-7157	1255	22	contracts	contract	NOUN
cblr-7157	1255	23	approach	approach	NOUN
cblr-7157	1255	24	does	do	VERB
cblr-7157	1255	25	the	the	DET
cblr-7157	1255	26	most	most	ADJ
cblr-7157	1255	27	work	work	NOUN
cblr-7157	1255	28	in	in	ADP
cblr-7157	1255	29	academic	academic	ADJ
cblr-7157	1255	30	analyses	analysis	NOUN
cblr-7157	1255	31	precisely	precisely	ADV
cblr-7157	1255	32	where	where	SCONJ
cblr-7157	1255	33	its	its	PRON
cblr-7157	1255	34	rationale	rationale	NOUN
cblr-7157	1255	35	is	be	AUX
cblr-7157	1255	36	weakest	weak	ADJ
cblr-7157	1255	37	—	—	PUNCT
cblr-7157	1255	38	in	in	ADP
cblr-7157	1255	39	accounting	accounting	NOUN
cblr-7157	1255	40	for	for	ADP
cblr-7157	1255	41	the	the	DET
cblr-7157	1255	42	fiduciary	fiduciary	ADJ
cblr-7157	1255	43	duties	duty	NOUN
cblr-7157	1255	44	of	of	ADP
cblr-7157	1255	45	the	the	DET
cblr-7157	1255	46	various	various	ADJ
cblr-7157	1255	47	contractual	contractual	ADJ
cblr-7157	1255	48	claimants	claimant	NOUN
cblr-7157	1255	49	on	on	ADP
cblr-7157	1255	50	the	the	DET
cblr-7157	1255	51	corporation	corporation	NOUN
cblr-7157	1255	52	.	.	PUNCT
cblr-7157	1256	1	it	it	PRON
cblr-7157	1256	2	does	do	VERB
cblr-7157	1256	3	much	much	ADJ
cblr-7157	1256	4	of	of	ADP
cblr-7157	1256	5	its	its	PRON
cblr-7157	1256	6	work	work	NOUN
cblr-7157	1256	7	here	here	ADV
cblr-7157	1256	8	because	because	SCONJ
cblr-7157	1256	9	most	most	ADJ
cblr-7157	1256	10	of	of	ADP
cblr-7157	1256	11	the	the	DET
cblr-7157	1256	12	other	other	ADJ
cblr-7157	1256	13	contractual	contractual	ADJ
cblr-7157	1256	14	claims	claim	NOUN
cblr-7157	1256	15	on	on	ADP
cblr-7157	1256	16	the	the	DET
cblr-7157	1256	17	corporation	corporation	NOUN
cblr-7157	1256	18	(	(	PUNCT
cblr-7157	1256	19	those	those	PRON
cblr-7157	1256	20	of	of	ADP
cblr-7157	1256	21	employees	employee	NOUN
cblr-7157	1256	22	,	,	PUNCT
cblr-7157	1256	23	creditors	creditor	NOUN
cblr-7157	1256	24	,	,	PUNCT
cblr-7157	1256	25	etc	etc	X
cblr-7157	1256	26	.	.	X
cblr-7157	1256	27	)	)	PUNCT
cblr-7157	1256	28	are	be	AUX
cblr-7157	1256	29	governed	govern	VERB
cblr-7157	1256	30	by	by	ADP
cblr-7157	1256	31	other	other	ADJ
cblr-7157	1256	32	branches	branch	NOUN
cblr-7157	1256	33	of	of	ADP
cblr-7157	1256	34	specialized	specialized	ADJ
cblr-7157	1256	35	contract	contract	NOUN
cblr-7157	1256	36	law	law	NOUN
cblr-7157	1256	37	.	.	PUNCT
cblr-7157	1257	1	the	the	DET
cblr-7157	1257	2	argument	argument	NOUN
cblr-7157	1257	3	that	that	SCONJ
cblr-7157	1257	4	contractual	contractual	ADJ
cblr-7157	1257	5	incompleteness	incompleteness	NOUN
cblr-7157	1257	6	is	be	AUX
cblr-7157	1257	7	the	the	DET
cblr-7157	1257	8	foundation	foundation	NOUN
cblr-7157	1257	9	for	for	ADP
cblr-7157	1257	10	fiduciary	fiduciary	ADJ
cblr-7157	1257	11	duties	duty	NOUN
cblr-7157	1257	12	is	be	AUX
cblr-7157	1257	13	weak	weak	ADJ
cblr-7157	1257	14	because	because	SCONJ
cblr-7157	1257	15	,	,	PUNCT
cblr-7157	1257	16	as	as	SCONJ
cblr-7157	1257	17	noted	note	VERB
cblr-7157	1257	18	above	above	ADV
cblr-7157	1257	19	,	,	PUNCT
cblr-7157	1257	20	contractual	contractual	ADJ
cblr-7157	1257	21	280	280	NUM
cblr-7157	1257	22	for	for	ADP
cblr-7157	1257	23	example	example	NOUN
cblr-7157	1257	24	,	,	PUNCT
cblr-7157	1257	25	eisenberg	eisenberg	PROPN
cblr-7157	1257	26	’s	’s	PART
cblr-7157	1257	27	article	article	NOUN
cblr-7157	1257	28	objecting	object	VERB
cblr-7157	1257	29	to	to	ADP
cblr-7157	1257	30	the	the	DET
cblr-7157	1257	31	nexus	nexus	NOUN
cblr-7157	1257	32	of	of	ADP
cblr-7157	1257	33	contracts	contract	NOUN
cblr-7157	1257	34	comparison	comparison	NOUN
cblr-7157	1257	35	cites	cite	VERB
cblr-7157	1257	36	“	"	PUNCT
cblr-7157	1257	37	what	what	PRON
cblr-7157	1257	38	is	be	AUX
cblr-7157	1257	39	at	at	ADP
cblr-7157	1257	40	stake	stake	NOUN
cblr-7157	1257	41	”	"	PUNCT
cblr-7157	1257	42	as	as	ADP
cblr-7157	1257	43	the	the	DET
cblr-7157	1257	44	ideas	idea	NOUN
cblr-7157	1257	45	of	of	ADP
cblr-7157	1257	46	“	"	PUNCT
cblr-7157	1257	47	getting	get	VERB
cblr-7157	1257	48	things	thing	NOUN
cblr-7157	1257	49	right	right	ADJ
cblr-7157	1257	50	”	"	PUNCT
cblr-7157	1257	51	and	and	CCONJ
cblr-7157	1257	52	“	"	PUNCT
cblr-7157	1257	53	clear	clear	ADJ
cblr-7157	1257	54	thinking	thinking	NOUN
cblr-7157	1257	55	.	.	PUNCT
cblr-7157	1257	56	”	"	PUNCT
cblr-7157	1258	1	see	see	VERB
cblr-7157	1258	2	eisenberg	eisenberg	PROPN
cblr-7157	1258	3	,	,	PUNCT
cblr-7157	1258	4	supra	supra	PROPN
cblr-7157	1258	5	note	note	PROPN
cblr-7157	1258	6	1	1	NUM
cblr-7157	1258	7	,	,	PUNCT
cblr-7157	1258	8	at	at	ADP
cblr-7157	1258	9	836	836	NUM
cblr-7157	1258	10	.	.	PUNCT
cblr-7157	1258	11	281	281	NUM
cblr-7157	1258	12	see	see	VERB
cblr-7157	1258	13	supra	supra	PROPN
cblr-7157	1258	14	notes	note	NOUN
cblr-7157	1258	15	1–17	1–17	PROPN
cblr-7157	1258	16	and	and	CCONJ
cblr-7157	1258	17	accompanying	accompany	VERB
cblr-7157	1258	18	text	text	NOUN
cblr-7157	1258	19	.	.	PUNCT
cblr-7157	1259	1	282	282	NUM
cblr-7157	1259	2	see	see	VERB
cblr-7157	1259	3	supra	supra	PROPN
cblr-7157	1259	4	notes	note	NOUN
cblr-7157	1259	5	46–65	46–65	NUM
cblr-7157	1259	6	and	and	CCONJ
cblr-7157	1259	7	accompanying	accompany	VERB
cblr-7157	1259	8	text	text	NOUN
cblr-7157	1259	9	.	.	PUNCT
cblr-7157	1260	1	283	283	NUM
cblr-7157	1260	2	see	see	PROPN
cblr-7157	1260	3	velasco	velasco	PROPN
cblr-7157	1260	4	,	,	PUNCT
cblr-7157	1260	5	supra	supra	PROPN
cblr-7157	1260	6	note	note	PROPN
cblr-7157	1260	7	8	8	NUM
cblr-7157	1260	8	,	,	PUNCT
cblr-7157	1260	9	at	at	ADP
cblr-7157	1260	10	939–40	939–40	PROPN
cblr-7157	1260	11	(	(	PUNCT
cblr-7157	1260	12	arguing	argue	VERB
cblr-7157	1260	13	that	that	SCONJ
cblr-7157	1260	14	the	the	DET
cblr-7157	1260	15	fact	fact	NOUN
cblr-7157	1260	16	of	of	ADP
cblr-7157	1260	17	shareholder	shareholder	NOUN
cblr-7157	1260	18	ownership	ownership	NOUN
cblr-7157	1260	19	matters	matter	NOUN
cblr-7157	1260	20	because	because	SCONJ
cblr-7157	1260	21	property	property	NOUN
cblr-7157	1260	22	provides	provide	VERB
cblr-7157	1260	23	a	a	DET
cblr-7157	1260	24	stronger	strong	ADJ
cblr-7157	1260	25	foundation	foundation	NOUN
cblr-7157	1260	26	for	for	ADP
cblr-7157	1260	27	shareholder	shareholder	NOUN
cblr-7157	1260	28	rights	right	NOUN
cblr-7157	1260	29	than	than	ADP
cblr-7157	1260	30	contract	contract	NOUN
cblr-7157	1260	31	,	,	PUNCT
cblr-7157	1260	32	and	and	CCONJ
cblr-7157	1260	33	implies	imply	VERB
cblr-7157	1260	34	shareholder	shareholder	NOUN
cblr-7157	1260	35	primacy	primacy	NOUN
cblr-7157	1260	36	and	and	CCONJ
cblr-7157	1260	37	director	director	NOUN
cblr-7157	1260	38	accountability	accountability	NOUN
cblr-7157	1260	39	to	to	ADP
cblr-7157	1260	40	shareholders	shareholder	NOUN
cblr-7157	1260	41	)	)	PUNCT
cblr-7157	1260	42	.	.	PUNCT
cblr-7157	1261	1	284	284	NUM
cblr-7157	1261	2	see	see	VERB
cblr-7157	1261	3	greenfield	greenfield	NOUN
cblr-7157	1261	4	,	,	PUNCT
cblr-7157	1261	5	supra	supra	PROPN
cblr-7157	1261	6	note	note	NOUN
cblr-7157	1261	7	72	72	NUM
cblr-7157	1261	8	,	,	PUNCT
cblr-7157	1261	9	at	at	ADP
cblr-7157	1261	10	47	47	NUM
cblr-7157	1261	11	(	(	PUNCT
cblr-7157	1261	12	“	"	PUNCT
cblr-7157	1261	13	no	no	DET
cblr-7157	1261	14	prominent	prominent	ADJ
cblr-7157	1261	15	contemporary	contemporary	ADJ
cblr-7157	1261	16	corporate	corporate	ADJ
cblr-7157	1261	17	law	law	NOUN
cblr-7157	1261	18	scholar	scholar	NOUN
cblr-7157	1261	19	uses	use	VERB
cblr-7157	1261	20	property	property	NOUN
cblr-7157	1261	21	rights	right	NOUN
cblr-7157	1261	22	as	as	ADP
cblr-7157	1261	23	the	the	DET
cblr-7157	1261	24	primary	primary	ADJ
cblr-7157	1261	25	rationale	rationale	NOUN
cblr-7157	1261	26	for	for	ADP
cblr-7157	1261	27	shareholder	shareholder	NOUN
cblr-7157	1261	28	dominance	dominance	NOUN
cblr-7157	1261	29	.	.	PUNCT
cblr-7157	1261	30	”	"	PUNCT
cblr-7157	1261	31	)	)	PUNCT
cblr-7157	1261	32	.	.	PUNCT
cblr-7157	1262	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1262	2	(	(	PUNCT
cblr-7157	1262	3	do	do	AUX
cblr-7157	1262	4	not	not	PART
cblr-7157	1262	5	delete	delete	VERB
cblr-7157	1262	6	)	)	PUNCT
cblr-7157	1262	7	10/2/2020	10/2/2020	NUM
cblr-7157	1262	8	11:44	11:44	NUM
cblr-7157	1262	9	am	be	AUX
cblr-7157	1262	10	no	no	NOUN
cblr-7157	1262	11	.	.	PUNCT
cblr-7157	1262	12	1:1	1:1	NUM
cblr-7157	1262	13	]	]	X
cblr-7157	1262	14	a	a	DET
cblr-7157	1262	15	property	property	NOUN
cblr-7157	1262	16	theory	theory	NOUN
cblr-7157	1262	17	83	83	NUM
cblr-7157	1262	18	incompleteness	incompleteness	NOUN
cblr-7157	1262	19	does	do	AUX
cblr-7157	1262	20	not	not	PART
cblr-7157	1262	21	give	give	VERB
cblr-7157	1262	22	rise	rise	NOUN
cblr-7157	1262	23	to	to	ADP
cblr-7157	1262	24	fiduciary	fiduciary	ADJ
cblr-7157	1262	25	duties	duty	NOUN
cblr-7157	1262	26	in	in	ADP
cblr-7157	1262	27	other	other	ADJ
cblr-7157	1262	28	contexts.285	contexts.285	PROPN
cblr-7157	1262	29	the	the	DET
cblr-7157	1262	30	introduction	introduction	NOUN
cblr-7157	1262	31	of	of	ADP
cblr-7157	1262	32	the	the	DET
cblr-7157	1262	33	property	property	NOUN
cblr-7157	1262	34	theory	theory	NOUN
cblr-7157	1262	35	allows	allow	VERB
cblr-7157	1262	36	us	we	PRON
cblr-7157	1262	37	to	to	PART
cblr-7157	1262	38	classify	classify	VERB
cblr-7157	1262	39	the	the	DET
cblr-7157	1262	40	various	various	ADJ
cblr-7157	1262	41	claims	claim	NOUN
cblr-7157	1262	42	on	on	ADP
cblr-7157	1262	43	the	the	DET
cblr-7157	1262	44	corporation	corporation	NOUN
cblr-7157	1262	45	and	and	CCONJ
cblr-7157	1262	46	discuss	discuss	VERB
cblr-7157	1262	47	the	the	DET
cblr-7157	1262	48	meaningful	meaningful	ADJ
cblr-7157	1262	49	implications	implication	NOUN
cblr-7157	1262	50	for	for	ADP
cblr-7157	1262	51	corporate	corporate	ADJ
cblr-7157	1262	52	law	law	NOUN
cblr-7157	1262	53	moving	move	VERB
cblr-7157	1262	54	forward	forward	ADV
cblr-7157	1262	55	.	.	PUNCT
cblr-7157	1263	1	this	this	DET
cblr-7157	1263	2	property	property	NOUN
cblr-7157	1263	3	conception	conception	NOUN
cblr-7157	1263	4	explains	explain	VERB
cblr-7157	1263	5	a	a	DET
cblr-7157	1263	6	lot	lot	NOUN
cblr-7157	1263	7	of	of	ADP
cblr-7157	1263	8	legal	legal	ADJ
cblr-7157	1263	9	patterns	pattern	NOUN
cblr-7157	1263	10	we	we	PRON
cblr-7157	1263	11	observe	observe	VERB
cblr-7157	1263	12	and	and	CCONJ
cblr-7157	1263	13	clarifies	clarify	VERB
cblr-7157	1263	14	otherwise	otherwise	ADV
cblr-7157	1263	15	puzzling	puzzle	VERB
cblr-7157	1263	16	legal	legal	ADJ
cblr-7157	1263	17	rules	rule	NOUN
cblr-7157	1263	18	.	.	PUNCT
cblr-7157	1264	1	most	most	ADJ
cblr-7157	1264	2	of	of	ADP
cblr-7157	1264	3	the	the	DET
cblr-7157	1264	4	answers	answer	NOUN
cblr-7157	1264	5	provided	provide	VERB
cblr-7157	1264	6	by	by	ADP
cblr-7157	1264	7	the	the	DET
cblr-7157	1264	8	property	property	NOUN
cblr-7157	1264	9	theory	theory	NOUN
cblr-7157	1264	10	revolve	revolve	NOUN
cblr-7157	1264	11	around	around	ADP
cblr-7157	1264	12	the	the	DET
cblr-7157	1264	13	thorny	thorny	ADJ
cblr-7157	1264	14	problems	problem	NOUN
cblr-7157	1264	15	created	create	VERB
cblr-7157	1264	16	by	by	ADP
cblr-7157	1264	17	the	the	DET
cblr-7157	1264	18	slipperiness	slipperiness	NOUN
cblr-7157	1264	19	of	of	ADP
cblr-7157	1264	20	the	the	DET
cblr-7157	1264	21	residual	residual	ADJ
cblr-7157	1264	22	claimant	claimant	NOUN
cblr-7157	1264	23	justification	justification	NOUN
cblr-7157	1264	24	.	.	PUNCT
cblr-7157	1265	1	some	some	DET
cblr-7157	1265	2	preliminary	preliminary	ADJ
cblr-7157	1265	3	implications	implication	NOUN
cblr-7157	1265	4	are	be	AUX
cblr-7157	1265	5	sketched	sketch	VERB
cblr-7157	1265	6	out	out	ADP
cblr-7157	1265	7	in	in	ADP
cblr-7157	1265	8	this	this	DET
cblr-7157	1265	9	part	part	NOUN
cblr-7157	1265	10	.	.	PUNCT
cblr-7157	1266	1	a.	a.	NOUN
cblr-7157	1266	2	contractual	contractual	ADJ
cblr-7157	1266	3	rights	right	NOUN
cblr-7157	1266	4	in	in	ADP
cblr-7157	1266	5	the	the	DET
cblr-7157	1266	6	charter	charter	NOUN
cblr-7157	1266	7	the	the	DET
cblr-7157	1266	8	delaware	delaware	PROPN
cblr-7157	1266	9	courts	court	NOUN
cblr-7157	1266	10	routinely	routinely	ADV
cblr-7157	1266	11	characterize	characterize	VERB
cblr-7157	1266	12	corporate	corporate	ADJ
cblr-7157	1266	13	charters	charter	NOUN
cblr-7157	1266	14	and	and	CCONJ
cblr-7157	1266	15	bylaws	bylaw	NOUN
cblr-7157	1266	16	as	as	ADP
cblr-7157	1266	17	“	"	PUNCT
cblr-7157	1266	18	contracts	contract	NOUN
cblr-7157	1266	19	”	"	PUNCT
cblr-7157	1266	20	between	between	ADP
cblr-7157	1266	21	the	the	DET
cblr-7157	1266	22	corporation	corporation	NOUN
cblr-7157	1266	23	and	and	CCONJ
cblr-7157	1266	24	its	its	PRON
cblr-7157	1266	25	shareholders286	shareholders286	PROPN
cblr-7157	1266	26	or	or	CCONJ
cblr-7157	1266	27	just	just	ADV
cblr-7157	1266	28	among	among	ADP
cblr-7157	1266	29	the	the	DET
cblr-7157	1266	30	shareholders	shareholder	NOUN
cblr-7157	1266	31	themselves.287	themselves.287	NOUN
cblr-7157	1266	32	the	the	DET
cblr-7157	1266	33	contractual	contractual	ADJ
cblr-7157	1266	34	nature	nature	NOUN
cblr-7157	1266	35	of	of	ADP
cblr-7157	1266	36	the	the	DET
cblr-7157	1266	37	charter	charter	NOUN
cblr-7157	1266	38	and	and	CCONJ
cblr-7157	1266	39	bylaws	bylaw	NOUN
cblr-7157	1266	40	appears	appear	VERB
cblr-7157	1266	41	most	most	ADV
cblr-7157	1266	42	frequently	frequently	ADV
cblr-7157	1266	43	in	in	ADP
cblr-7157	1266	44	interpretive	interpretive	ADJ
cblr-7157	1266	45	contexts	contexts	NOUN
cblr-7157	1266	46	,	,	PUNCT
cblr-7157	1266	47	in	in	ADP
cblr-7157	1266	48	which	which	PRON
cblr-7157	1266	49	delaware	delaware	PROPN
cblr-7157	1266	50	courts	court	NOUN
cblr-7157	1266	51	apply	apply	VERB
cblr-7157	1266	52	principles	principle	NOUN
cblr-7157	1266	53	of	of	ADP
cblr-7157	1266	54	contract	contract	NOUN
cblr-7157	1266	55	interpretation	interpretation	NOUN
cblr-7157	1266	56	to	to	ADP
cblr-7157	1266	57	these	these	DET
cblr-7157	1266	58	documents.288	documents.288	NOUN
cblr-7157	1266	59	because	because	SCONJ
cblr-7157	1266	60	the	the	DET
cblr-7157	1266	61	charter	charter	NOUN
cblr-7157	1266	62	and	and	CCONJ
cblr-7157	1266	63	bylaws	bylaw	NOUN
cblr-7157	1266	64	are	be	AUX
cblr-7157	1266	65	the	the	DET
cblr-7157	1266	66	285	285	NUM
cblr-7157	1266	67	see	see	NOUN
cblr-7157	1266	68	supra	supra	ADJ
cblr-7157	1266	69	notes	note	NOUN
cblr-7157	1266	70	118–21	118–21	NUM
cblr-7157	1266	71	and	and	CCONJ
cblr-7157	1266	72	accompanying	accompany	VERB
cblr-7157	1266	73	text	text	NOUN
cblr-7157	1266	74	.	.	PUNCT
cblr-7157	1267	1	286	286	NUM
cblr-7157	1267	2	see	see	NOUN
cblr-7157	1267	3	,	,	PUNCT
cblr-7157	1267	4	e.g.	e.g.	ADV
cblr-7157	1267	5	,	,	PUNCT
cblr-7157	1267	6	boilermakers	boilermaker	NOUN
cblr-7157	1267	7	local	local	ADJ
cblr-7157	1267	8	154	154	NUM
cblr-7157	1267	9	ret	ret	PROPN
cblr-7157	1267	10	.	.	PROPN
cblr-7157	1267	11	fund	fund	PROPN
cblr-7157	1267	12	v.	v.	ADP
cblr-7157	1267	13	chevron	chevron	PROPN
cblr-7157	1267	14	corp	corp	PROPN
cblr-7157	1267	15	.	.	PROPN
cblr-7157	1267	16	,	,	PUNCT
cblr-7157	1267	17	73	73	NUM
cblr-7157	1267	18	a.3d	a.3d	SYM
cblr-7157	1267	19	934	934	NUM
cblr-7157	1267	20	,	,	PUNCT
cblr-7157	1267	21	955	955	NUM
cblr-7157	1267	22	(	(	PUNCT
cblr-7157	1267	23	del	del	PROPN
cblr-7157	1267	24	.	.	PROPN
cblr-7157	1267	25	ch	ch	PROPN
cblr-7157	1267	26	.	.	PROPN
cblr-7157	1267	27	2013	2013	NUM
cblr-7157	1267	28	)	)	PUNCT
cblr-7157	1267	29	(	(	PUNCT
cblr-7157	1267	30	“	"	PUNCT
cblr-7157	1267	31	in	in	ADP
cblr-7157	1267	32	an	an	DET
cblr-7157	1267	33	unbroken	unbroken	ADJ
cblr-7157	1267	34	line	line	NOUN
cblr-7157	1267	35	of	of	ADP
cblr-7157	1267	36	decisions	decision	NOUN
cblr-7157	1267	37	dating	date	VERB
cblr-7157	1267	38	back	back	ADV
cblr-7157	1267	39	several	several	ADJ
cblr-7157	1267	40	generations	generation	NOUN
cblr-7157	1267	41	,	,	PUNCT
cblr-7157	1267	42	our	our	PRON
cblr-7157	1267	43	supreme	supreme	PROPN
cblr-7157	1267	44	court	court	PROPN
cblr-7157	1267	45	has	have	AUX
cblr-7157	1267	46	made	make	VERB
cblr-7157	1267	47	clear	clear	ADJ
cblr-7157	1267	48	that	that	SCONJ
cblr-7157	1267	49	the	the	DET
cblr-7157	1267	50	bylaws	bylaw	NOUN
cblr-7157	1267	51	constitute	constitute	VERB
cblr-7157	1267	52	a	a	DET
cblr-7157	1267	53	binding	bind	VERB
cblr-7157	1267	54	part	part	NOUN
cblr-7157	1267	55	of	of	ADP
cblr-7157	1267	56	the	the	DET
cblr-7157	1267	57	contract	contract	NOUN
cblr-7157	1267	58	between	between	ADP
cblr-7157	1267	59	a	a	DET
cblr-7157	1267	60	delaware	delaware	PROPN
cblr-7157	1267	61	corporation	corporation	PROPN
cblr-7157	1267	62	and	and	CCONJ
cblr-7157	1267	63	its	its	PRON
cblr-7157	1267	64	stockholders	stockholder	NOUN
cblr-7157	1267	65	.	.	PUNCT
cblr-7157	1267	66	”	"	PUNCT
cblr-7157	1267	67	)	)	PUNCT
cblr-7157	1267	68	.	.	PUNCT
cblr-7157	1268	1	287	287	NUM
cblr-7157	1268	2	see	see	VERB
cblr-7157	1268	3	,	,	PUNCT
cblr-7157	1268	4	e.g.	e.g.	ADV
cblr-7157	1268	5	,	,	PUNCT
cblr-7157	1268	6	centaur	centaur	PROPN
cblr-7157	1268	7	partners	partner	NOUN
cblr-7157	1268	8	,	,	PUNCT
cblr-7157	1268	9	iv	iv	PROPN
cblr-7157	1268	10	v.	v.	ADP
cblr-7157	1268	11	nat'l	nat'l	PROPN
cblr-7157	1268	12	intergroup	intergroup	PROPN
cblr-7157	1268	13	,	,	PUNCT
cblr-7157	1268	14	inc	inc	PROPN
cblr-7157	1268	15	.	.	PROPN
cblr-7157	1268	16	,	,	PUNCT
cblr-7157	1268	17	582	582	NUM
cblr-7157	1268	18	a.2d	a.2d	SYM
cblr-7157	1268	19	923	923	NUM
cblr-7157	1268	20	,	,	PUNCT
cblr-7157	1268	21	928	928	NUM
cblr-7157	1268	22	(	(	PUNCT
cblr-7157	1268	23	del	del	PROPN
cblr-7157	1268	24	.	.	NOUN
cblr-7157	1268	25	1990	1990	NUM
cblr-7157	1268	26	)	)	PUNCT
cblr-7157	1268	27	(	(	PUNCT
cblr-7157	1268	28	“	"	PUNCT
cblr-7157	1268	29	corporate	corporate	ADJ
cblr-7157	1268	30	charters	charter	NOUN
cblr-7157	1268	31	and	and	CCONJ
cblr-7157	1268	32	by	by	ADP
cblr-7157	1268	33	-	-	PUNCT
cblr-7157	1268	34	laws	law	NOUN
cblr-7157	1268	35	are	be	AUX
cblr-7157	1268	36	contracts	contract	NOUN
cblr-7157	1268	37	among	among	ADP
cblr-7157	1268	38	the	the	DET
cblr-7157	1268	39	shareholders	shareholder	NOUN
cblr-7157	1268	40	of	of	ADP
cblr-7157	1268	41	a	a	DET
cblr-7157	1268	42	corporation	corporation	NOUN
cblr-7157	1268	43	and	and	CCONJ
cblr-7157	1268	44	the	the	DET
cblr-7157	1268	45	general	general	ADJ
cblr-7157	1268	46	rules	rule	NOUN
cblr-7157	1268	47	of	of	ADP
cblr-7157	1268	48	contract	contract	NOUN
cblr-7157	1268	49	interpretation	interpretation	NOUN
cblr-7157	1268	50	are	be	AUX
cblr-7157	1268	51	held	hold	VERB
cblr-7157	1268	52	to	to	PART
cblr-7157	1268	53	apply	apply	VERB
cblr-7157	1268	54	.	.	PUNCT
cblr-7157	1268	55	”	"	PUNCT
cblr-7157	1268	56	)	)	PUNCT
cblr-7157	1268	57	.	.	PUNCT
cblr-7157	1269	1	although	although	SCONJ
cblr-7157	1269	2	older	old	ADJ
cblr-7157	1269	3	cases	case	NOUN
cblr-7157	1269	4	can	can	AUX
cblr-7157	1269	5	be	be	AUX
cblr-7157	1269	6	found	find	VERB
cblr-7157	1269	7	with	with	ADP
cblr-7157	1269	8	this	this	DET
cblr-7157	1269	9	contractarian	contractarian	ADJ
cblr-7157	1269	10	perspective	perspective	NOUN
cblr-7157	1269	11	on	on	ADP
cblr-7157	1269	12	the	the	DET
cblr-7157	1269	13	charter	charter	NOUN
cblr-7157	1269	14	,	,	PUNCT
cblr-7157	1269	15	most	most	ADV
cblr-7157	1269	16	famously	famously	ADV
cblr-7157	1269	17	trs	trs	PROPN
cblr-7157	1269	18	.	.	PROPN
cblr-7157	1269	19	of	of	ADP
cblr-7157	1269	20	dartmouth	dartmouth	PROPN
cblr-7157	1269	21	coll	coll	PROPN
cblr-7157	1269	22	.	.	PUNCT
cblr-7157	1270	1	v.	v.	ADP
cblr-7157	1270	2	woodward	woodward	PROPN
cblr-7157	1270	3	,	,	PUNCT
cblr-7157	1270	4	17	17	NUM
cblr-7157	1270	5	u.s	u.s	PROPN
cblr-7157	1270	6	.	.	PROPN
cblr-7157	1270	7	(	(	PUNCT
cblr-7157	1270	8	4	4	NUM
cblr-7157	1270	9	wheat	wheat	NOUN
cblr-7157	1270	10	.	.	PUNCT
cblr-7157	1270	11	)	)	PUNCT
cblr-7157	1270	12	518	518	NUM
cblr-7157	1270	13	(	(	PUNCT
cblr-7157	1270	14	1819	1819	NUM
cblr-7157	1270	15	)	)	PUNCT
cblr-7157	1271	1	,	,	PUNCT
cblr-7157	1271	2	the	the	DET
cblr-7157	1271	3	contractarian	contractarian	ADJ
cblr-7157	1271	4	perspective	perspective	NOUN
cblr-7157	1271	5	has	have	AUX
cblr-7157	1271	6	increased	increase	VERB
cblr-7157	1271	7	in	in	ADP
cblr-7157	1271	8	intensity	intensity	NOUN
cblr-7157	1271	9	in	in	ADP
cblr-7157	1271	10	the	the	DET
cblr-7157	1271	11	last	last	ADJ
cblr-7157	1271	12	few	few	ADJ
cblr-7157	1271	13	decades	decade	NOUN
cblr-7157	1271	14	.	.	PUNCT
cblr-7157	1272	1	this	this	DET
cblr-7157	1272	2	perspective	perspective	NOUN
cblr-7157	1272	3	reached	reach	VERB
cblr-7157	1272	4	a	a	DET
cblr-7157	1272	5	high	high	ADJ
cblr-7157	1272	6	-	-	PUNCT
cblr-7157	1272	7	water	water	NOUN
cblr-7157	1272	8	mark	mark	NOUN
cblr-7157	1272	9	recently	recently	ADV
cblr-7157	1272	10	where	where	SCONJ
cblr-7157	1272	11	the	the	DET
cblr-7157	1272	12	delaware	delaware	PROPN
cblr-7157	1272	13	supreme	supreme	PROPN
cblr-7157	1272	14	court	court	PROPN
cblr-7157	1272	15	validated	validate	VERB
cblr-7157	1272	16	a	a	DET
cblr-7157	1272	17	unilateral	unilateral	ADJ
cblr-7157	1272	18	bylaw	bylaw	NOUN
cblr-7157	1272	19	amendment	amendment	NOUN
cblr-7157	1272	20	by	by	ADP
cblr-7157	1272	21	the	the	DET
cblr-7157	1272	22	board	board	NOUN
cblr-7157	1272	23	based	base	VERB
cblr-7157	1272	24	on	on	ADP
cblr-7157	1272	25	the	the	DET
cblr-7157	1272	26	contractual	contractual	ADJ
cblr-7157	1272	27	nature	nature	NOUN
cblr-7157	1272	28	of	of	ADP
cblr-7157	1272	29	the	the	DET
cblr-7157	1272	30	bylaws	bylaw	NOUN
cblr-7157	1272	31	.	.	PUNCT
cblr-7157	1273	1	in	in	ADP
cblr-7157	1273	2	atp	atp	PROPN
cblr-7157	1273	3	tour	tour	PROPN
cblr-7157	1273	4	,	,	PUNCT
cblr-7157	1273	5	inc	inc	PROPN
cblr-7157	1273	6	.	.	PROPN
cblr-7157	1274	1	v.	v.	ADP
cblr-7157	1274	2	deutscher	deutscher	PROPN
cblr-7157	1274	3	tennis	tennis	PROPN
cblr-7157	1274	4	bund	bund	PROPN
cblr-7157	1274	5	,	,	PUNCT
cblr-7157	1274	6	the	the	DET
cblr-7157	1274	7	court	court	NOUN
cblr-7157	1274	8	reasoned	reason	VERB
cblr-7157	1274	9	that	that	SCONJ
cblr-7157	1274	10	because	because	SCONJ
cblr-7157	1274	11	“	"	PUNCT
cblr-7157	1274	12	corporate	corporate	ADJ
cblr-7157	1274	13	bylaws	bylaw	NOUN
cblr-7157	1274	14	are	be	AUX
cblr-7157	1274	15	‘	'	PUNCT
cblr-7157	1274	16	contracts	contract	NOUN
cblr-7157	1274	17	among	among	ADP
cblr-7157	1274	18	a	a	DET
cblr-7157	1274	19	corporation	corporation	NOUN
cblr-7157	1274	20	’s	’s	PART
cblr-7157	1274	21	shareholders	shareholder	NOUN
cblr-7157	1274	22	,	,	PUNCT
cblr-7157	1274	23	’	'	PUNCT
cblr-7157	1274	24	”	"	PUNCT
cblr-7157	1274	25	a	a	DET
cblr-7157	1274	26	fee	fee	NOUN
cblr-7157	1274	27	shifting	shift	VERB
cblr-7157	1274	28	provision	provision	NOUN
cblr-7157	1274	29	could	could	AUX
cblr-7157	1274	30	be	be	AUX
cblr-7157	1274	31	adopted	adopt	VERB
cblr-7157	1274	32	by	by	ADP
cblr-7157	1274	33	the	the	DET
cblr-7157	1274	34	board	board	NOUN
cblr-7157	1274	35	.	.	PUNCT
cblr-7157	1275	1	see	see	VERB
cblr-7157	1275	2	91	91	NUM
cblr-7157	1275	3	a.3d	a.3d	ADP
cblr-7157	1275	4	554	554	NUM
cblr-7157	1275	5	,	,	PUNCT
cblr-7157	1275	6	558	558	NUM
cblr-7157	1275	7	(	(	PUNCT
cblr-7157	1275	8	del	del	PROPN
cblr-7157	1275	9	.	.	NOUN
cblr-7157	1275	10	2014	2014	NUM
cblr-7157	1275	11	)	)	PUNCT
cblr-7157	1275	12	(	(	PUNCT
cblr-7157	1275	13	quoting	quote	VERB
cblr-7157	1275	14	airgas	airgas	PROPN
cblr-7157	1275	15	,	,	PUNCT
cblr-7157	1275	16	inc	inc	PROPN
cblr-7157	1275	17	.	.	PROPN
cblr-7157	1276	1	v.	v.	PROPN
cblr-7157	1276	2	air	air	NOUN
cblr-7157	1276	3	prods	prod	VERB
cblr-7157	1276	4	.	.	PUNCT
cblr-7157	1276	5	&	&	CCONJ
cblr-7157	1276	6	chems	chem	NOUN
cblr-7157	1276	7	.	.	PUNCT
cblr-7157	1276	8	,	,	PUNCT
cblr-7157	1276	9	inc	inc	PROPN
cblr-7157	1276	10	.	.	PROPN
cblr-7157	1276	11	,	,	PUNCT
cblr-7157	1276	12	8	8	NUM
cblr-7157	1276	13	a.3d	a.3d	SYM
cblr-7157	1276	14	1182	1182	NUM
cblr-7157	1276	15	,	,	PUNCT
cblr-7157	1276	16	1188	1188	NUM
cblr-7157	1276	17	(	(	PUNCT
cblr-7157	1276	18	del	del	PROPN
cblr-7157	1276	19	.	.	PROPN
cblr-7157	1276	20	2010	2010	NUM
cblr-7157	1276	21	)	)	PUNCT
cblr-7157	1276	22	)	)	PUNCT
cblr-7157	1276	23	.	.	PUNCT
cblr-7157	1277	1	288	288	NUM
cblr-7157	1277	2	see	see	VERB
cblr-7157	1277	3	atp	atp	PROPN
cblr-7157	1277	4	tour	tour	PROPN
cblr-7157	1277	5	,	,	PUNCT
cblr-7157	1277	6	inc	inc	PROPN
cblr-7157	1277	7	.	.	PROPN
cblr-7157	1277	8	,	,	PUNCT
cblr-7157	1277	9	91	91	NUM
cblr-7157	1277	10	a.3d	a.3d	X
cblr-7157	1277	11	at	at	ADP
cblr-7157	1277	12	558	558	NUM
cblr-7157	1277	13	.	.	PUNCT
cblr-7157	1278	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1278	2	(	(	PUNCT
cblr-7157	1278	3	do	do	AUX
cblr-7157	1278	4	not	not	PART
cblr-7157	1278	5	delte	delte	VERB
cblr-7157	1278	6	)	)	PUNCT
cblr-7157	1278	7	10/2/2020	10/2/2020	NUM
cblr-7157	1278	8	11:44	11:44	NUM
cblr-7157	1278	9	am	be	AUX
cblr-7157	1278	10	84	84	NUM
cblr-7157	1278	11	columbia	columbia	PROPN
cblr-7157	1278	12	business	business	NOUN
cblr-7157	1278	13	law	law	PROPN
cblr-7157	1278	14	review	review	NOUN
cblr-7157	1278	15	[	[	X
cblr-7157	1278	16	vol	vol	NOUN
cblr-7157	1278	17	.	.	PUNCT
cblr-7157	1278	18	2020	2020	NUM
cblr-7157	1278	19	place	place	NOUN
cblr-7157	1278	20	where	where	SCONJ
cblr-7157	1278	21	the	the	DET
cblr-7157	1278	22	rights	right	NOUN
cblr-7157	1278	23	of	of	ADP
cblr-7157	1278	24	stockholders	stockholder	NOUN
cblr-7157	1278	25	qua	qua	X
cblr-7157	1278	26	stockholders	stockholder	NOUN
cblr-7157	1278	27	are	be	AUX
cblr-7157	1278	28	set	set	VERB
cblr-7157	1278	29	forth	forth	ADV
cblr-7157	1278	30	,	,	PUNCT
cblr-7157	1278	31	on	on	ADP
cblr-7157	1278	32	the	the	DET
cblr-7157	1278	33	surface	surface	NOUN
cblr-7157	1278	34	this	this	PRON
cblr-7157	1278	35	might	might	AUX
cblr-7157	1278	36	suggest	suggest	VERB
cblr-7157	1278	37	that	that	SCONJ
cblr-7157	1278	38	holders	holder	NOUN
cblr-7157	1278	39	of	of	ADP
cblr-7157	1278	40	stock	stock	NOUN
cblr-7157	1278	41	retain	retain	VERB
cblr-7157	1278	42	only	only	ADV
cblr-7157	1278	43	contractual	contractual	ADJ
cblr-7157	1278	44	claims	claim	NOUN
cblr-7157	1278	45	.	.	PUNCT
cblr-7157	1279	1	the	the	DET
cblr-7157	1279	2	often	often	ADV
cblr-7157	1279	3	overlooked	overlook	VERB
cblr-7157	1279	4	fact	fact	NOUN
cblr-7157	1279	5	,	,	PUNCT
cblr-7157	1279	6	however	however	ADV
cblr-7157	1279	7	,	,	PUNCT
cblr-7157	1279	8	is	be	AUX
cblr-7157	1279	9	that	that	SCONJ
cblr-7157	1279	10	the	the	DET
cblr-7157	1279	11	important	important	ADJ
cblr-7157	1279	12	rights	right	NOUN
cblr-7157	1279	13	of	of	ADP
cblr-7157	1279	14	the	the	DET
cblr-7157	1279	15	common	common	ADJ
cblr-7157	1279	16	stock	stock	NOUN
cblr-7157	1279	17	are	be	AUX
cblr-7157	1279	18	not	not	PART
cblr-7157	1279	19	typically	typically	ADV
cblr-7157	1279	20	expressed	express	VERB
cblr-7157	1279	21	in	in	ADP
cblr-7157	1279	22	the	the	DET
cblr-7157	1279	23	corporate	corporate	ADJ
cblr-7157	1279	24	charter	charter	NOUN
cblr-7157	1279	25	.	.	PUNCT
cblr-7157	1280	1	the	the	DET
cblr-7157	1280	2	rights	right	NOUN
cblr-7157	1280	3	of	of	ADP
cblr-7157	1280	4	common	common	ADJ
cblr-7157	1280	5	stock	stock	NOUN
cblr-7157	1280	6	are	be	AUX
cblr-7157	1280	7	generally	generally	ADV
cblr-7157	1280	8	standard	standard	ADJ
cblr-7157	1280	9	,	,	PUNCT
cblr-7157	1280	10	off	off	ADP
cblr-7157	1280	11	-	-	PUNCT
cblr-7157	1280	12	the	the	DET
cblr-7157	1280	13	-	-	PUNCT
cblr-7157	1280	14	rack	rack	NOUN
cblr-7157	1280	15	terms	term	NOUN
cblr-7157	1280	16	provided	provide	VERB
cblr-7157	1280	17	by	by	ADP
cblr-7157	1280	18	law	law	NOUN
cblr-7157	1280	19	in	in	ADP
cblr-7157	1280	20	the	the	DET
cblr-7157	1280	21	relevant	relevant	ADJ
cblr-7157	1280	22	corporate	corporate	ADJ
cblr-7157	1280	23	code.289	code.289	NOUN
cblr-7157	1280	24	these	these	DET
cblr-7157	1280	25	rights	right	NOUN
cblr-7157	1280	26	include	include	VERB
cblr-7157	1280	27	the	the	DET
cblr-7157	1280	28	scope	scope	NOUN
cblr-7157	1280	29	of	of	ADP
cblr-7157	1280	30	fiduciary	fiduciary	ADJ
cblr-7157	1280	31	duties	duty	NOUN
cblr-7157	1280	32	and	and	CCONJ
cblr-7157	1280	33	voting	voting	NOUN
cblr-7157	1280	34	rights	right	NOUN
cblr-7157	1280	35	,	,	PUNCT
cblr-7157	1280	36	both	both	PRON
cblr-7157	1280	37	of	of	ADP
cblr-7157	1280	38	which	which	PRON
cblr-7157	1280	39	emerge	emerge	VERB
cblr-7157	1280	40	from	from	ADP
cblr-7157	1280	41	corporate	corporate	ADJ
cblr-7157	1280	42	statutes	statute	NOUN
cblr-7157	1280	43	and	and	CCONJ
cblr-7157	1280	44	the	the	DET
cblr-7157	1280	45	corresponding	correspond	VERB
cblr-7157	1280	46	case	case	NOUN
cblr-7157	1280	47	law	law	NOUN
cblr-7157	1280	48	,	,	PUNCT
cblr-7157	1280	49	not	not	PART
cblr-7157	1280	50	from	from	ADP
cblr-7157	1280	51	the	the	DET
cblr-7157	1280	52	terms	term	NOUN
cblr-7157	1280	53	of	of	ADP
cblr-7157	1280	54	the	the	DET
cblr-7157	1280	55	charter.290	charter.290	NOUN
cblr-7157	1280	56	this	this	PRON
cblr-7157	1280	57	is	be	AUX
cblr-7157	1280	58	demonstrated	demonstrate	VERB
cblr-7157	1280	59	by	by	ADP
cblr-7157	1280	60	the	the	DET
cblr-7157	1280	61	fact	fact	NOUN
cblr-7157	1280	62	that	that	SCONJ
cblr-7157	1280	63	virtually	virtually	ADV
cblr-7157	1280	64	all	all	PRON
cblr-7157	1280	65	of	of	ADP
cblr-7157	1280	66	the	the	DET
cblr-7157	1280	67	cases	case	NOUN
cblr-7157	1280	68	interpreting	interpret	VERB
cblr-7157	1280	69	charters	charter	NOUN
cblr-7157	1280	70	as	as	SCONJ
cblr-7157	1280	71	contracts	contract	NOUN
cblr-7157	1280	72	relate	relate	VERB
cblr-7157	1280	73	to	to	ADP
cblr-7157	1280	74	preferred	preferred	ADJ
cblr-7157	1280	75	stock	stock	NOUN
cblr-7157	1280	76	provisions	provision	NOUN
cblr-7157	1280	77	,	,	PUNCT
cblr-7157	1280	78	which	which	PRON
cblr-7157	1280	79	are	be	AUX
cblr-7157	1280	80	special	special	ADJ
cblr-7157	1280	81	rights	right	NOUN
cblr-7157	1280	82	different	different	ADJ
cblr-7157	1280	83	from	from	ADP
cblr-7157	1280	84	residual	residual	ADJ
cblr-7157	1280	85	rights	right	NOUN
cblr-7157	1280	86	under	under	ADP
cblr-7157	1280	87	corporate	corporate	ADJ
cblr-7157	1280	88	law.291	law.291	NOUN
cblr-7157	1280	89	special	special	ADJ
cblr-7157	1280	90	rights	right	NOUN
cblr-7157	1280	91	expressed	express	VERB
cblr-7157	1280	92	in	in	ADP
cblr-7157	1280	93	the	the	DET
cblr-7157	1280	94	charter	charter	NOUN
cblr-7157	1280	95	are	be	AUX
cblr-7157	1280	96	not	not	PART
cblr-7157	1280	97	the	the	DET
cblr-7157	1280	98	residual	residual	ADJ
cblr-7157	1280	99	rights	right	NOUN
cblr-7157	1280	100	of	of	ADP
cblr-7157	1280	101	common	common	ADJ
cblr-7157	1280	102	stock	stock	NOUN
cblr-7157	1280	103	that	that	PRON
cblr-7157	1280	104	constitute	constitute	VERB
cblr-7157	1280	105	ownership	ownership	NOUN
cblr-7157	1280	106	interests	interest	NOUN
cblr-7157	1280	107	.	.	PUNCT
cblr-7157	1281	1	the	the	DET
cblr-7157	1281	2	delaware	delaware	PROPN
cblr-7157	1281	3	courts	courts	PROPN
cblr-7157	1281	4	’	'	PUNCT
cblr-7157	1281	5	nonstandard	nonstandard	ADJ
cblr-7157	1281	6	approach	approach	NOUN
cblr-7157	1281	7	as	as	ADP
cblr-7157	1281	8	to	to	ADP
cblr-7157	1281	9	when	when	SCONJ
cblr-7157	1281	10	provisions	provision	NOUN
cblr-7157	1281	11	are	be	AUX
cblr-7157	1281	12	contractual	contractual	ADJ
cblr-7157	1281	13	and	and	CCONJ
cblr-7157	1281	14	when	when	SCONJ
cblr-7157	1281	15	they	they	PRON
cblr-7157	1281	16	are	be	AUX
cblr-7157	1281	17	fiduciary	fiduciary	ADJ
cblr-7157	1281	18	forces	force	NOUN
cblr-7157	1281	19	courts	court	NOUN
cblr-7157	1281	20	into	into	ADP
cblr-7157	1281	21	contortions	contortion	NOUN
cblr-7157	1281	22	to	to	PART
cblr-7157	1281	23	explicate	explicate	VERB
cblr-7157	1281	24	how	how	SCONJ
cblr-7157	1281	25	contractarian	contractarian	ADJ
cblr-7157	1281	26	doctrine	doctrine	NOUN
cblr-7157	1281	27	explains	explain	VERB
cblr-7157	1281	28	basic	basic	ADJ
cblr-7157	1281	29	principles	principle	NOUN
cblr-7157	1281	30	of	of	ADP
cblr-7157	1281	31	corporate	corporate	ADJ
cblr-7157	1281	32	law	law	NOUN
cblr-7157	1281	33	.	.	PUNCT
cblr-7157	1282	1	for	for	ADP
cblr-7157	1282	2	example	example	NOUN
cblr-7157	1282	3	,	,	PUNCT
cblr-7157	1282	4	in	in	ADP
cblr-7157	1282	5	the	the	DET
cblr-7157	1282	6	recent	recent	ADJ
cblr-7157	1282	7	case	case	NOUN
cblr-7157	1282	8	of	of	ADP
cblr-7157	1282	9	sciabacucchi	sciabacucchi	PROPN
cblr-7157	1282	10	v.	v.	ADP
cblr-7157	1282	11	salzberg	salzberg	PROPN
cblr-7157	1282	12	,	,	PUNCT
cblr-7157	1282	13	the	the	DET
cblr-7157	1282	14	chancery	chancery	NOUN
cblr-7157	1282	15	court	court	NOUN
cblr-7157	1282	16	explained	explain	VERB
cblr-7157	1282	17	:	:	PUNCT
cblr-7157	1282	18	the	the	DET
cblr-7157	1282	19	certificate	certificate	NOUN
cblr-7157	1282	20	of	of	ADP
cblr-7157	1282	21	incorporation	incorporation	NOUN
cblr-7157	1282	22	differs	differ	VERB
cblr-7157	1282	23	from	from	ADP
cblr-7157	1282	24	an	an	DET
cblr-7157	1282	25	ordinary	ordinary	ADJ
cblr-7157	1282	26	contract	contract	NOUN
cblr-7157	1282	27	,	,	PUNCT
cblr-7157	1282	28	in	in	ADP
cblr-7157	1282	29	which	which	PRON
cblr-7157	1282	30	private	private	ADJ
cblr-7157	1282	31	parties	party	NOUN
cblr-7157	1282	32	execute	execute	VERB
cblr-7157	1282	33	a	a	DET
cblr-7157	1282	34	private	private	ADJ
cblr-7157	1282	35	agreement	agreement	NOUN
cblr-7157	1282	36	in	in	ADP
cblr-7157	1282	37	their	their	PRON
cblr-7157	1282	38	personal	personal	ADJ
cblr-7157	1282	39	capacities	capacity	NOUN
cblr-7157	1282	40	to	to	PART
cblr-7157	1282	41	allocate	allocate	VERB
cblr-7157	1282	42	their	their	PRON
cblr-7157	1282	43	rights	right	NOUN
cblr-7157	1282	44	and	and	CCONJ
cblr-7157	1282	45	obligations	obligation	NOUN
cblr-7157	1282	46	.	.	PUNCT
cblr-7157	1283	1	when	when	SCONJ
cblr-7157	1283	2	accepted	accept	VERB
cblr-7157	1283	3	by	by	ADP
cblr-7157	1283	4	the	the	DET
cblr-7157	1283	5	delaware	delaware	PROPN
cblr-7157	1283	6	secretary	secretary	PROPN
cblr-7157	1283	7	of	of	ADP
cblr-7157	1283	8	state	state	PROPN
cblr-7157	1283	9	,	,	PUNCT
cblr-7157	1283	10	the	the	DET
cblr-7157	1283	11	filing	filing	NOUN
cblr-7157	1283	12	of	of	ADP
cblr-7157	1283	13	a	a	DET
cblr-7157	1283	14	certificate	certificate	NOUN
cblr-7157	1283	15	of	of	ADP
cblr-7157	1283	16	incorporation	incorporation	NOUN
cblr-7157	1283	17	effectuates	effectuate	NOUN
cblr-7157	1283	18	the	the	DET
cblr-7157	1283	19	sovereign	sovereign	ADJ
cblr-7157	1283	20	act	act	NOUN
cblr-7157	1283	21	of	of	ADP
cblr-7157	1283	22	creating	create	VERB
cblr-7157	1283	23	a	a	DET
cblr-7157	1283	24	“	"	PUNCT
cblr-7157	1283	25	body	body	NOUN
cblr-7157	1283	26	corporate”—a	corporate”—a	NOUN
cblr-7157	1283	27	legally	legally	ADV
cblr-7157	1283	28	separate	separate	ADJ
cblr-7157	1283	29	entity	entity	NOUN
cblr-7157	1283	30	.	.	PUNCT
cblr-7157	1283	31	.	.	PUNCT
cblr-7157	1284	1	.	.	PUNCT
cblr-7157	1285	1	.	.	PUNCT
cblr-7157	1286	1	when	when	SCONJ
cblr-7157	1286	2	doing	do	VERB
cblr-7157	1286	3	so	so	ADV
cblr-7157	1286	4	,	,	PUNCT
cblr-7157	1286	5	delaware	delaware	PROPN
cblr-7157	1286	6	deploys	deploy	VERB
cblr-7157	1286	7	the	the	DET
cblr-7157	1286	8	corporate	corporate	ADJ
cblr-7157	1286	9	law	law	NOUN
cblr-7157	1286	10	to	to	ADP
cblr-7157	1286	11	289	289	NUM
cblr-7157	1286	12	see	see	VERB
cblr-7157	1286	13	easterbrook	easterbrook	PROPN
cblr-7157	1286	14	&	&	CCONJ
cblr-7157	1286	15	fischel	fischel	PROPN
cblr-7157	1286	16	,	,	PUNCT
cblr-7157	1286	17	supra	supra	PROPN
cblr-7157	1286	18	note	note	NOUN
cblr-7157	1286	19	2	2	NUM
cblr-7157	1286	20	,	,	PUNCT
cblr-7157	1286	21	at	at	ADP
cblr-7157	1286	22	34	34	NUM
cblr-7157	1286	23	(	(	PUNCT
cblr-7157	1286	24	describing	describe	VERB
cblr-7157	1286	25	corporate	corporate	ADJ
cblr-7157	1286	26	law	law	NOUN
cblr-7157	1286	27	as	as	ADP
cblr-7157	1286	28	a	a	DET
cblr-7157	1286	29	“	"	PUNCT
cblr-7157	1286	30	set	set	NOUN
cblr-7157	1286	31	of	of	ADP
cblr-7157	1286	32	terms	term	NOUN
cblr-7157	1286	33	available	available	ADJ
cblr-7157	1286	34	off	off	ADP
cblr-7157	1286	35	-	-	PUNCT
cblr-7157	1286	36	the	the	DET
cblr-7157	1286	37	-	-	PUNCT
cblr-7157	1286	38	rack	rack	NOUN
cblr-7157	1286	39	,	,	PUNCT
cblr-7157	1286	40	”	"	PUNCT
cblr-7157	1286	41	including	include	VERB
cblr-7157	1286	42	voting	voting	NOUN
cblr-7157	1286	43	rights	right	NOUN
cblr-7157	1286	44	and	and	CCONJ
cblr-7157	1286	45	fiduciary	fiduciary	ADJ
cblr-7157	1286	46	obligations	obligation	NOUN
cblr-7157	1286	47	)	)	PUNCT
cblr-7157	1286	48	.	.	PUNCT
cblr-7157	1287	1	290	290	NUM
cblr-7157	1287	2	see	see	VERB
cblr-7157	1287	3	i	i	PROPN
cblr-7157	1287	4	d.	d.	PROPN
cblr-7157	1287	5	291	291	NUM
cblr-7157	1287	6	see	see	VERB
cblr-7157	1287	7	,	,	PUNCT
cblr-7157	1287	8	e.g.	e.g.	ADV
cblr-7157	1287	9	,	,	PUNCT
cblr-7157	1287	10	boilermakers	boilermaker	NOUN
cblr-7157	1287	11	local	local	ADJ
cblr-7157	1287	12	154	154	NUM
cblr-7157	1287	13	ret	ret	PROPN
cblr-7157	1287	14	.	.	PROPN
cblr-7157	1287	15	fund	fund	PROPN
cblr-7157	1287	16	v.	v.	ADP
cblr-7157	1287	17	chevron	chevron	PROPN
cblr-7157	1287	18	corp	corp	PROPN
cblr-7157	1287	19	.	.	PROPN
cblr-7157	1287	20	,	,	PUNCT
cblr-7157	1287	21	73	73	NUM
cblr-7157	1287	22	a.3d	a.3d	SYM
cblr-7157	1287	23	934	934	NUM
cblr-7157	1287	24	,	,	PUNCT
cblr-7157	1287	25	955	955	NUM
cblr-7157	1287	26	(	(	PUNCT
cblr-7157	1287	27	del	del	PROPN
cblr-7157	1287	28	.	.	PROPN
cblr-7157	1287	29	ch	ch	PROPN
cblr-7157	1287	30	.	.	PROPN
cblr-7157	1287	31	2013	2013	NUM
cblr-7157	1287	32	)	)	PUNCT
cblr-7157	1287	33	.	.	PUNCT
cblr-7157	1288	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1288	2	(	(	PUNCT
cblr-7157	1288	3	do	do	AUX
cblr-7157	1288	4	not	not	PART
cblr-7157	1288	5	delete	delete	VERB
cblr-7157	1288	6	)	)	PUNCT
cblr-7157	1288	7	10/2/2020	10/2/2020	NUM
cblr-7157	1288	8	11:44	11:44	NUM
cblr-7157	1288	9	am	be	AUX
cblr-7157	1288	10	no	no	NOUN
cblr-7157	1288	11	.	.	PUNCT
cblr-7157	1288	12	1:1	1:1	NUM
cblr-7157	1288	13	]	]	X
cblr-7157	1288	14	a	a	DET
cblr-7157	1288	15	property	property	NOUN
cblr-7157	1288	16	theory	theory	NOUN
cblr-7157	1288	17	85	85	NUM
cblr-7157	1288	18	determine	determine	VERB
cblr-7157	1288	19	the	the	DET
cblr-7157	1288	20	parameters	parameter	NOUN
cblr-7157	1288	21	of	of	ADP
cblr-7157	1288	22	the	the	DET
cblr-7157	1288	23	property	property	NOUN
cblr-7157	1288	24	rights	right	NOUN
cblr-7157	1288	25	that	that	PRON
cblr-7157	1288	26	the	the	DET
cblr-7157	1288	27	state	state	NOUN
cblr-7157	1288	28	has	have	AUX
cblr-7157	1288	29	chosen	choose	VERB
cblr-7157	1288	30	to	to	ADP
cblr-7157	1288	31	create.292	create.292	NOUN
cblr-7157	1288	32	in	in	ADP
cblr-7157	1288	33	this	this	DET
cblr-7157	1288	34	excerpt	excerpt	NOUN
cblr-7157	1288	35	,	,	PUNCT
cblr-7157	1288	36	the	the	DET
cblr-7157	1288	37	court	court	NOUN
cblr-7157	1288	38	begins	begin	VERB
cblr-7157	1288	39	with	with	ADP
cblr-7157	1288	40	a	a	DET
cblr-7157	1288	41	contractarian	contractarian	ADJ
cblr-7157	1288	42	approach	approach	NOUN
cblr-7157	1288	43	and	and	CCONJ
cblr-7157	1288	44	eventually	eventually	ADV
cblr-7157	1288	45	relents	relent	VERB
cblr-7157	1288	46	by	by	ADP
cblr-7157	1288	47	invoking	invoke	VERB
cblr-7157	1288	48	the	the	DET
cblr-7157	1288	49	concept	concept	NOUN
cblr-7157	1288	50	of	of	ADP
cblr-7157	1288	51	“	"	PUNCT
cblr-7157	1288	52	property	property	NOUN
cblr-7157	1288	53	rights	right	NOUN
cblr-7157	1288	54	”	"	PUNCT
cblr-7157	1288	55	in	in	ADP
cblr-7157	1288	56	the	the	DET
cblr-7157	1288	57	certificate	certificate	NOUN
cblr-7157	1288	58	of	of	ADP
cblr-7157	1288	59	incorporation	incorporation	NOUN
cblr-7157	1288	60	.	.	PUNCT
cblr-7157	1289	1	the	the	DET
cblr-7157	1289	2	case	case	NOUN
cblr-7157	1289	3	was	be	AUX
cblr-7157	1289	4	eventually	eventually	ADV
cblr-7157	1289	5	reversed	reverse	VERB
cblr-7157	1289	6	by	by	ADP
cblr-7157	1289	7	the	the	DET
cblr-7157	1289	8	delaware	delaware	PROPN
cblr-7157	1289	9	supreme	supreme	PROPN
cblr-7157	1289	10	court	court	PROPN
cblr-7157	1289	11	,	,	PUNCT
cblr-7157	1289	12	which	which	PRON
cblr-7157	1289	13	opted	opt	VERB
cblr-7157	1289	14	for	for	ADP
cblr-7157	1289	15	a	a	DET
cblr-7157	1289	16	“	"	PUNCT
cblr-7157	1289	17	continuum	continuum	ADJ
cblr-7157	1289	18	”	"	PUNCT
cblr-7157	1289	19	approach	approach	NOUN
cblr-7157	1289	20	to	to	ADP
cblr-7157	1289	21	what	what	PRON
cblr-7157	1289	22	is	be	AUX
cblr-7157	1289	23	“	"	PUNCT
cblr-7157	1289	24	internal	internal	ADJ
cblr-7157	1289	25	”	"	PUNCT
cblr-7157	1289	26	and	and	CCONJ
cblr-7157	1289	27	“	"	PUNCT
cblr-7157	1289	28	external	external	ADJ
cblr-7157	1289	29	,	,	PUNCT
cblr-7157	1289	30	”	"	PUNCT
cblr-7157	1289	31	rather	rather	ADV
cblr-7157	1289	32	than	than	ADP
cblr-7157	1289	33	a	a	DET
cblr-7157	1289	34	binary	binary	NOUN
cblr-7157	1289	35	one.293	one.293	NOUN
cblr-7157	1289	36	it	it	PRON
cblr-7157	1289	37	would	would	AUX
cblr-7157	1289	38	be	be	AUX
cblr-7157	1289	39	easier	easy	ADJ
cblr-7157	1289	40	to	to	PART
cblr-7157	1289	41	just	just	ADV
cblr-7157	1289	42	ignore	ignore	VERB
cblr-7157	1289	43	the	the	DET
cblr-7157	1289	44	contractual	contractual	ADJ
cblr-7157	1289	45	gymnastics	gymnastic	NOUN
cblr-7157	1289	46	and	and	CCONJ
cblr-7157	1289	47	start	start	VERB
cblr-7157	1289	48	with	with	ADP
cblr-7157	1289	49	the	the	DET
cblr-7157	1289	50	property	property	NOUN
cblr-7157	1289	51	conception	conception	NOUN
cblr-7157	1289	52	of	of	ADP
cblr-7157	1289	53	corporate	corporate	ADJ
cblr-7157	1289	54	law	law	NOUN
cblr-7157	1289	55	,	,	PUNCT
cblr-7157	1289	56	which	which	PRON
cblr-7157	1289	57	readily	readily	ADV
cblr-7157	1289	58	lends	lend	VERB
cblr-7157	1289	59	itself	itself	PRON
cblr-7157	1289	60	to	to	ADP
cblr-7157	1289	61	the	the	DET
cblr-7157	1289	62	“	"	PUNCT
cblr-7157	1289	63	continuum	continuum	ADJ
cblr-7157	1289	64	”	"	PUNCT
cblr-7157	1289	65	approach	approach	NOUN
cblr-7157	1289	66	.	.	PUNCT
cblr-7157	1290	1	nexus	nexus	NOUN
cblr-7157	1290	2	of	of	ADP
cblr-7157	1290	3	contract	contract	NOUN
cblr-7157	1290	4	theorists	theorist	NOUN
cblr-7157	1290	5	have	have	AUX
cblr-7157	1290	6	struggled	struggle	VERB
cblr-7157	1290	7	to	to	PART
cblr-7157	1290	8	explain	explain	VERB
cblr-7157	1290	9	why	why	SCONJ
cblr-7157	1290	10	substantially	substantially	ADV
cblr-7157	1290	11	all	all	DET
cblr-7157	1290	12	companies	company	NOUN
cblr-7157	1290	13	accept	accept	VERB
cblr-7157	1290	14	the	the	DET
cblr-7157	1290	15	“	"	PUNCT
cblr-7157	1290	16	off	off	ADP
cblr-7157	1290	17	-	-	PUNCT
cblr-7157	1290	18	the	the	DET
cblr-7157	1290	19	-	-	PUNCT
cblr-7157	1290	20	rack	rack	NOUN
cblr-7157	1290	21	”	"	PUNCT
cblr-7157	1290	22	default	default	NOUN
cblr-7157	1290	23	terms	term	NOUN
cblr-7157	1290	24	of	of	ADP
cblr-7157	1290	25	corporate	corporate	ADJ
cblr-7157	1290	26	law	law	NOUN
cblr-7157	1290	27	.	.	PUNCT
cblr-7157	1291	1	if	if	SCONJ
cblr-7157	1291	2	corporate	corporate	ADJ
cblr-7157	1291	3	law	law	NOUN
cblr-7157	1291	4	is	be	AUX
cblr-7157	1291	5	truly	truly	ADV
cblr-7157	1291	6	contractual	contractual	ADJ
cblr-7157	1291	7	,	,	PUNCT
cblr-7157	1291	8	why	why	SCONJ
cblr-7157	1291	9	are	be	AUX
cblr-7157	1291	10	there	there	PRON
cblr-7157	1291	11	generally	generally	ADV
cblr-7157	1291	12	no	no	DET
cblr-7157	1291	13	negotiated	negotiate	VERB
cblr-7157	1291	14	terms	term	NOUN
cblr-7157	1291	15	?	?	PUNCT
cblr-7157	1292	1	as	as	SCONJ
cblr-7157	1292	2	michael	michael	PROPN
cblr-7157	1292	3	klausner	klausner	PROPN
cblr-7157	1292	4	points	point	VERB
cblr-7157	1292	5	out	out	ADP
cblr-7157	1292	6	,	,	PUNCT
cblr-7157	1292	7	“	"	PUNCT
cblr-7157	1292	8	there	there	PRON
cblr-7157	1292	9	actually	actually	ADV
cblr-7157	1292	10	is	be	AUX
cblr-7157	1292	11	no	no	DET
cblr-7157	1292	12	significant	significant	ADJ
cblr-7157	1292	13	diversity	diversity	NOUN
cblr-7157	1292	14	in	in	ADP
cblr-7157	1292	15	corporate	corporate	ADJ
cblr-7157	1292	16	contracts	contract	NOUN
cblr-7157	1292	17	—	—	PUNCT
cblr-7157	1292	18	that	that	ADV
cblr-7157	1292	19	is	is	ADV
cblr-7157	1292	20	,	,	PUNCT
cblr-7157	1292	21	in	in	ADP
cblr-7157	1292	22	either	either	DET
cblr-7157	1292	23	charter	charter	NOUN
cblr-7157	1292	24	terms	term	NOUN
cblr-7157	1292	25	or	or	CCONJ
cblr-7157	1292	26	in	in	ADP
cblr-7157	1292	27	the	the	DET
cblr-7157	1292	28	corporate	corporate	ADJ
cblr-7157	1292	29	law	law	NOUN
cblr-7157	1292	30	rules	rule	VERB
cblr-7157	1292	31	that	that	SCONJ
cblr-7157	1292	32	firms	firm	NOUN
cblr-7157	1292	33	adopt	adopt	VERB
cblr-7157	1292	34	via	via	ADP
cblr-7157	1292	35	their	their	PRON
cblr-7157	1292	36	incorporation	incorporation	NOUN
cblr-7157	1292	37	choices	choice	NOUN
cblr-7157	1292	38	.	.	PUNCT
cblr-7157	1293	1	the	the	DET
cblr-7157	1293	2	diversity	diversity	NOUN
cblr-7157	1293	3	that	that	PRON
cblr-7157	1293	4	exists	exist	VERB
cblr-7157	1293	5	is	be	AUX
cblr-7157	1293	6	not	not	PART
cblr-7157	1293	7	contractual	contractual	ADJ
cblr-7157	1293	8	.	.	PUNCT
cblr-7157	1294	1	and	and	CCONJ
cblr-7157	1294	2	the	the	DET
cblr-7157	1294	3	contracts	contract	NOUN
cblr-7157	1294	4	that	that	PRON
cblr-7157	1294	5	exist	exist	VERB
cblr-7157	1294	6	are	be	AUX
cblr-7157	1294	7	not	not	PART
cblr-7157	1294	8	diverse	diverse	ADJ
cblr-7157	1294	9	.	.	PUNCT
cblr-7157	1294	10	”294	”294	NOUN
cblr-7157	1294	11	that	that	PRON
cblr-7157	1294	12	is	be	AUX
cblr-7157	1294	13	,	,	PUNCT
cblr-7157	1294	14	corporate	corporate	ADJ
cblr-7157	1294	15	“	"	PUNCT
cblr-7157	1294	16	contracts	contract	NOUN
cblr-7157	1294	17	”	"	PUNCT
cblr-7157	1294	18	(	(	PUNCT
cblr-7157	1294	19	charters	charter	NOUN
cblr-7157	1294	20	)	)	PUNCT
cblr-7157	1294	21	tend	tend	VERB
cblr-7157	1294	22	to	to	PART
cblr-7157	1294	23	contain	contain	VERB
cblr-7157	1294	24	few	few	ADJ
cblr-7157	1294	25	provisions	provision	NOUN
cblr-7157	1294	26	and	and	CCONJ
cblr-7157	1294	27	rely	rely	VERB
cblr-7157	1294	28	mostly	mostly	ADV
cblr-7157	1294	29	on	on	ADP
cblr-7157	1294	30	state	state	NOUN
cblr-7157	1294	31	law.295	law.295	NOUN
cblr-7157	1294	32	in	in	ADP
cblr-7157	1294	33	other	other	ADJ
cblr-7157	1294	34	words	word	NOUN
cblr-7157	1294	35	,	,	PUNCT
cblr-7157	1294	36	with	with	ADP
cblr-7157	1294	37	few	few	ADJ
cblr-7157	1294	38	exceptions	exception	NOUN
cblr-7157	1294	39	,	,	PUNCT
cblr-7157	1294	40	“	"	PUNCT
cblr-7157	1294	41	default	default	NOUN
cblr-7157	1294	42	rules	rule	NOUN
cblr-7157	1294	43	are	be	AUX
cblr-7157	1294	44	uniformly	uniformly	ADV
cblr-7157	1294	45	adopted	adopt	VERB
cblr-7157	1294	46	.	.	PUNCT
cblr-7157	1294	47	”296	”296	PUNCT
cblr-7157	1295	1	still	still	ADV
cblr-7157	1295	2	,	,	PUNCT
cblr-7157	1295	3	even	even	ADV
cblr-7157	1295	4	if	if	SCONJ
cblr-7157	1295	5	uniformity	uniformity	NOUN
cblr-7157	1295	6	is	be	AUX
cblr-7157	1295	7	efficient	efficient	ADJ
cblr-7157	1295	8	,	,	PUNCT
cblr-7157	1295	9	commercial	commercial	ADJ
cblr-7157	1295	10	actors	actor	NOUN
cblr-7157	1295	11	could	could	AUX
cblr-7157	1295	12	easily	easily	ADV
cblr-7157	1295	13	create	create	VERB
cblr-7157	1295	14	standard	standard	ADJ
cblr-7157	1295	15	forms	form	NOUN
cblr-7157	1295	16	themselves	themselves	PRON
cblr-7157	1295	17	,	,	PUNCT
cblr-7157	1295	18	so	so	ADV
cblr-7157	1295	19	why	why	SCONJ
cblr-7157	1295	20	rely	rely	VERB
cblr-7157	1295	21	on	on	ADP
cblr-7157	1295	22	a	a	DET
cblr-7157	1295	23	state	state	NOUN
cblr-7157	1295	24	government	government	NOUN
cblr-7157	1295	25	with	with	ADP
cblr-7157	1295	26	no	no	DET
cblr-7157	1295	27	obvious	obvious	ADJ
cblr-7157	1295	28	comparative	comparative	ADJ
cblr-7157	1295	29	advantage	advantage	NOUN
cblr-7157	1295	30	in	in	ADP
cblr-7157	1295	31	the	the	DET
cblr-7157	1295	32	supplying	supplying	NOUN
cblr-7157	1295	33	of	of	ADP
cblr-7157	1295	34	terms	term	NOUN
cblr-7157	1295	35	to	to	PART
cblr-7157	1295	36	perform	perform	VERB
cblr-7157	1295	37	the	the	DET
cblr-7157	1295	38	task?297	task?297	PROPN
cblr-7157	1295	39	this	this	DET
cblr-7157	1295	40	reliance	reliance	NOUN
cblr-7157	1295	41	on	on	ADP
cblr-7157	1295	42	the	the	DET
cblr-7157	1295	43	default	default	NOUN
cblr-7157	1295	44	rules	rule	NOUN
cblr-7157	1295	45	of	of	ADP
cblr-7157	1295	46	corporate	corporate	ADJ
cblr-7157	1295	47	law	law	NOUN
cblr-7157	1295	48	is	be	AUX
cblr-7157	1295	49	a	a	DET
cblr-7157	1295	50	puzzle	puzzle	NOUN
cblr-7157	1295	51	for	for	ADP
cblr-7157	1295	52	the	the	DET
cblr-7157	1295	53	contractarian	contractarian	ADJ
cblr-7157	1295	54	theory.298	theory.298	PROPN
cblr-7157	1295	55	292	292	NUM
cblr-7157	1295	56	sciabacucchi	sciabacucchi	NOUN
cblr-7157	1295	57	v.	v.	ADP
cblr-7157	1295	58	salzberg	salzberg	PROPN
cblr-7157	1295	59	,	,	PUNCT
cblr-7157	1295	60	c.a	c.a	PROPN
cblr-7157	1295	61	.	.	PROPN
cblr-7157	1295	62	no	no	PROPN
cblr-7157	1295	63	.	.	NOUN
cblr-7157	1295	64	2017	2017	NUM
cblr-7157	1295	65	-	-	PUNCT
cblr-7157	1295	66	0931	0931	NUM
cblr-7157	1295	67	-	-	PUNCT
cblr-7157	1295	68	jtl	jtl	NOUN
cblr-7157	1295	69	,	,	PUNCT
cblr-7157	1295	70	2018	2018	NUM
cblr-7157	1295	71	wl	wl	NOUN
cblr-7157	1295	72	6719718	6719718	NUM
cblr-7157	1295	73	,	,	PUNCT
cblr-7157	1295	74	at	at	ADP
cblr-7157	1295	75	*	*	NOUN
cblr-7157	1295	76	2	2	NUM
cblr-7157	1295	77	(	(	PUNCT
cblr-7157	1295	78	del	del	PROPN
cblr-7157	1295	79	.	.	PROPN
cblr-7157	1295	80	ch	ch	PROPN
cblr-7157	1295	81	.	.	PUNCT
cblr-7157	1295	82	dec	dec	PROPN
cblr-7157	1295	83	.	.	PROPN
cblr-7157	1295	84	19	19	NUM
cblr-7157	1295	85	,	,	PUNCT
cblr-7157	1295	86	2018	2018	NUM
cblr-7157	1295	87	)	)	PUNCT
cblr-7157	1295	88	,	,	PUNCT
cblr-7157	1295	89	rev’d	rev’d	NOUN
cblr-7157	1295	90	,	,	PUNCT
cblr-7157	1295	91	c.a	c.a	PROPN
cblr-7157	1295	92	.	.	PROPN
cblr-7157	1295	93	no	no	PROPN
cblr-7157	1295	94	.	.	NOUN
cblr-7157	1295	95	2017	2017	NUM
cblr-7157	1295	96	-	-	SYM
cblr-7157	1295	97	0931	0931	NUM
cblr-7157	1295	98	,	,	PUNCT
cblr-7157	1295	99	2020	2020	NUM
cblr-7157	1295	100	wl	wl	PROPN
cblr-7157	1295	101	1280785	1280785	NUM
cblr-7157	1295	102	(	(	PUNCT
cblr-7157	1295	103	del	del	PROPN
cblr-7157	1295	104	.	.	PROPN
cblr-7157	1295	105	mar	mar	PROPN
cblr-7157	1295	106	.	.	PROPN
cblr-7157	1295	107	18	18	NUM
cblr-7157	1295	108	,	,	PUNCT
cblr-7157	1295	109	2020	2020	NUM
cblr-7157	1295	110	)	)	PUNCT
cblr-7157	1295	111	.	.	PUNCT
cblr-7157	1296	1	293	293	NUM
cblr-7157	1296	2	salzberg	salzberg	PROPN
cblr-7157	1296	3	v.	v.	ADP
cblr-7157	1296	4	sciabacucchi	sciabacucchi	PROPN
cblr-7157	1296	5	,	,	PUNCT
cblr-7157	1296	6	c.a	c.a	PROPN
cblr-7157	1296	7	.	.	PROPN
cblr-7157	1297	1	no	no	PROPN
cblr-7157	1297	2	.	.	NOUN
cblr-7157	1298	1	2017	2017	NUM
cblr-7157	1298	2	-	-	SYM
cblr-7157	1298	3	0931	0931	NUM
cblr-7157	1298	4	,	,	PUNCT
cblr-7157	1298	5	2020	2020	NUM
cblr-7157	1298	6	wl	wl	NOUN
cblr-7157	1298	7	1280785	1280785	NUM
cblr-7157	1298	8	,	,	PUNCT
cblr-7157	1298	9	at	at	ADP
cblr-7157	1298	10	*	*	NUM
cblr-7157	1298	11	18	18	NUM
cblr-7157	1298	12	(	(	PUNCT
cblr-7157	1298	13	del	del	PROPN
cblr-7157	1298	14	.	.	PROPN
cblr-7157	1298	15	mar	mar	PROPN
cblr-7157	1298	16	.	.	PROPN
cblr-7157	1298	17	18	18	NUM
cblr-7157	1298	18	,	,	PUNCT
cblr-7157	1298	19	2020	2020	NUM
cblr-7157	1298	20	)	)	PUNCT
cblr-7157	1298	21	.	.	PUNCT
cblr-7157	1299	1	294	294	NUM
cblr-7157	1299	2	michael	michael	PROPN
cblr-7157	1299	3	klausner	klausner	PROPN
cblr-7157	1299	4	,	,	PUNCT
cblr-7157	1299	5	the	the	DET
cblr-7157	1299	6	contractarian	contractarian	ADJ
cblr-7157	1299	7	theory	theory	NOUN
cblr-7157	1299	8	of	of	ADP
cblr-7157	1299	9	corporate	corporate	ADJ
cblr-7157	1299	10	law	law	NOUN
cblr-7157	1299	11	:	:	PUNCT
cblr-7157	1299	12	a	a	DET
cblr-7157	1299	13	generation	generation	NOUN
cblr-7157	1299	14	later	later	ADV
cblr-7157	1299	15	,	,	PUNCT
cblr-7157	1299	16	31	31	NUM
cblr-7157	1299	17	j.	j.	PROPN
cblr-7157	1299	18	corp	corp	PROPN
cblr-7157	1299	19	.	.	PROPN
cblr-7157	1299	20	l.	l.	PROPN
cblr-7157	1299	21	779	779	NUM
cblr-7157	1299	22	,	,	PUNCT
cblr-7157	1299	23	784	784	NUM
cblr-7157	1299	24	(	(	PUNCT
cblr-7157	1299	25	2006	2006	NUM
cblr-7157	1299	26	)	)	PUNCT
cblr-7157	1299	27	.	.	PUNCT
cblr-7157	1299	28	295	295	NUM
cblr-7157	1300	1	i	i	PRON
cblr-7157	1300	2	d.	d.	PROPN
cblr-7157	1300	3	at	at	ADP
cblr-7157	1300	4	786	786	NUM
cblr-7157	1300	5	.	.	PUNCT
cblr-7157	1300	6	296	296	NUM
cblr-7157	1300	7	i	i	PRON
cblr-7157	1300	8	d.	d.	NOUN
cblr-7157	1300	9	at	at	ADP
cblr-7157	1300	10	790	790	NUM
cblr-7157	1300	11	.	.	PUNCT
cblr-7157	1300	12	297	297	NUM
cblr-7157	1300	13	see	see	NOUN
cblr-7157	1300	14	armour	armour	NOUN
cblr-7157	1300	15	&	&	CCONJ
cblr-7157	1300	16	whincop	whincop	PROPN
cblr-7157	1300	17	,	,	PUNCT
cblr-7157	1300	18	supra	supra	PROPN
cblr-7157	1300	19	note	note	NOUN
cblr-7157	1300	20	225	225	NUM
cblr-7157	1300	21	,	,	PUNCT
cblr-7157	1300	22	at	at	ADP
cblr-7157	1300	23	430–31	430–31	PROPN
cblr-7157	1300	24	.	.	PUNCT
cblr-7157	1301	1	298	298	NUM
cblr-7157	1301	2	klausner	klausner	PROPN
cblr-7157	1301	3	argues	argue	VERB
cblr-7157	1301	4	that	that	SCONJ
cblr-7157	1301	5	network	network	NOUN
cblr-7157	1301	6	effects	effect	NOUN
cblr-7157	1301	7	might	might	AUX
cblr-7157	1301	8	be	be	AUX
cblr-7157	1301	9	one	one	NUM
cblr-7157	1301	10	reason	reason	NOUN
cblr-7157	1301	11	why	why	SCONJ
cblr-7157	1301	12	.	.	PUNCT
cblr-7157	1302	1	see	see	VERB
cblr-7157	1302	2	michael	michael	PROPN
cblr-7157	1302	3	klausner	klausner	PROPN
cblr-7157	1302	4	,	,	PUNCT
cblr-7157	1302	5	fact	fact	NOUN
cblr-7157	1302	6	and	and	CCONJ
cblr-7157	1302	7	fiction	fiction	NOUN
cblr-7157	1302	8	in	in	ADP
cblr-7157	1302	9	corporate	corporate	ADJ
cblr-7157	1302	10	law	law	NOUN
cblr-7157	1302	11	and	and	CCONJ
cblr-7157	1302	12	governance	governance	NOUN
cblr-7157	1302	13	,	,	PUNCT
cblr-7157	1302	14	65	65	NUM
cblr-7157	1302	15	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1302	16	(	(	PUNCT
cblr-7157	1302	17	do	do	AUX
cblr-7157	1302	18	not	not	PART
cblr-7157	1302	19	delte	delte	VERB
cblr-7157	1302	20	)	)	PUNCT
cblr-7157	1302	21	10/2/2020	10/2/2020	NUM
cblr-7157	1302	22	11:44	11:44	NUM
cblr-7157	1302	23	am	be	AUX
cblr-7157	1302	24	86	86	NUM
cblr-7157	1302	25	columbia	columbia	PROPN
cblr-7157	1302	26	business	business	NOUN
cblr-7157	1302	27	law	law	PROPN
cblr-7157	1302	28	review	review	NOUN
cblr-7157	1303	1	[	[	X
cblr-7157	1303	2	vol	vol	NOUN
cblr-7157	1303	3	.	.	PUNCT
cblr-7157	1303	4	2020	2020	NUM
cblr-7157	1304	1	the	the	DET
cblr-7157	1304	2	property	property	NOUN
cblr-7157	1304	3	theory	theory	NOUN
cblr-7157	1304	4	of	of	ADP
cblr-7157	1304	5	corporate	corporate	ADJ
cblr-7157	1304	6	law	law	NOUN
cblr-7157	1304	7	offers	offer	VERB
cblr-7157	1304	8	one	one	NUM
cblr-7157	1304	9	account	account	NOUN
cblr-7157	1304	10	for	for	ADP
cblr-7157	1304	11	this	this	DET
cblr-7157	1304	12	reliance	reliance	NOUN
cblr-7157	1304	13	that	that	PRON
cblr-7157	1304	14	goes	go	VERB
cblr-7157	1304	15	beyond	beyond	ADP
cblr-7157	1304	16	the	the	DET
cblr-7157	1304	17	traditional	traditional	ADJ
cblr-7157	1304	18	explanations	explanation	NOUN
cblr-7157	1304	19	of	of	ADP
cblr-7157	1304	20	prohibitively	prohibitively	ADV
cblr-7157	1304	21	high	high	ADJ
cblr-7157	1304	22	transaction	transaction	NOUN
cblr-7157	1304	23	costs	cost	NOUN
cblr-7157	1304	24	and	and	CCONJ
cblr-7157	1304	25	(	(	PUNCT
cblr-7157	1304	26	more	more	ADJ
cblr-7157	1304	27	recently	recently	ADV
cblr-7157	1304	28	)	)	PUNCT
cblr-7157	1304	29	challenging	challenge	VERB
cblr-7157	1304	30	network	network	NOUN
cblr-7157	1304	31	effects.299	effects.299	NOUN
cblr-7157	1304	32	as	as	SCONJ
cblr-7157	1304	33	explained	explain	VERB
cblr-7157	1304	34	above	above	ADV
cblr-7157	1304	35	,	,	PUNCT
cblr-7157	1304	36	the	the	DET
cblr-7157	1304	37	default	default	NOUN
cblr-7157	1304	38	rules	rule	NOUN
cblr-7157	1304	39	of	of	ADP
cblr-7157	1304	40	corporate	corporate	ADJ
cblr-7157	1304	41	law	law	NOUN
cblr-7157	1304	42	provide	provide	VERB
cblr-7157	1304	43	the	the	DET
cblr-7157	1304	44	boundaries	boundary	NOUN
cblr-7157	1304	45	of	of	ADP
cblr-7157	1304	46	the	the	DET
cblr-7157	1304	47	property	property	NOUN
cblr-7157	1304	48	rights	right	NOUN
cblr-7157	1304	49	of	of	ADP
cblr-7157	1304	50	shareholders	shareholder	NOUN
cblr-7157	1304	51	in	in	ADP
cblr-7157	1304	52	the	the	DET
cblr-7157	1304	53	corporation	corporation	NOUN
cblr-7157	1304	54	.	.	PUNCT
cblr-7157	1305	1	by	by	ADP
cblr-7157	1305	2	deviating	deviate	VERB
cblr-7157	1305	3	from	from	ADP
cblr-7157	1305	4	those	those	DET
cblr-7157	1305	5	default	default	NOUN
cblr-7157	1305	6	terms	term	NOUN
cblr-7157	1305	7	and	and	CCONJ
cblr-7157	1305	8	creating	create	VERB
cblr-7157	1305	9	rights	right	NOUN
cblr-7157	1305	10	different	different	ADJ
cblr-7157	1305	11	from	from	ADP
cblr-7157	1305	12	those	those	PRON
cblr-7157	1305	13	provided	provide	VERB
cblr-7157	1305	14	by	by	ADP
cblr-7157	1305	15	corporate	corporate	ADJ
cblr-7157	1305	16	law	law	NOUN
cblr-7157	1305	17	,	,	PUNCT
cblr-7157	1305	18	practitioners	practitioner	NOUN
cblr-7157	1305	19	may	may	AUX
cblr-7157	1305	20	sense	sense	VERB
cblr-7157	1305	21	there	there	PRON
cblr-7157	1305	22	is	be	VERB
cblr-7157	1305	23	a	a	DET
cblr-7157	1305	24	risk	risk	NOUN
cblr-7157	1305	25	that	that	SCONJ
cblr-7157	1305	26	rights	right	NOUN
cblr-7157	1305	27	previously	previously	ADV
cblr-7157	1305	28	conceived	conceive	VERB
cblr-7157	1305	29	of	of	ADP
cblr-7157	1305	30	as	as	SCONJ
cblr-7157	1305	31	property	property	NOUN
cblr-7157	1305	32	rights	right	NOUN
cblr-7157	1305	33	will	will	AUX
cblr-7157	1305	34	cross	cross	VERB
cblr-7157	1305	35	over	over	ADP
cblr-7157	1305	36	into	into	ADP
cblr-7157	1305	37	being	be	AUX
cblr-7157	1305	38	considered	consider	VERB
cblr-7157	1305	39	contract	contract	NOUN
cblr-7157	1305	40	rights	right	NOUN
cblr-7157	1305	41	.	.	PUNCT
cblr-7157	1306	1	those	those	DET
cblr-7157	1306	2	rights	right	NOUN
cblr-7157	1306	3	could	could	AUX
cblr-7157	1306	4	then	then	ADV
cblr-7157	1306	5	lose	lose	VERB
cblr-7157	1306	6	their	their	PRON
cblr-7157	1306	7	fiduciary	fiduciary	ADJ
cblr-7157	1306	8	protection	protection	NOUN
cblr-7157	1306	9	.	.	PUNCT
cblr-7157	1307	1	corporate	corporate	ADJ
cblr-7157	1307	2	shares	share	NOUN
cblr-7157	1307	3	are	be	AUX
cblr-7157	1307	4	(	(	PUNCT
cblr-7157	1307	5	or	or	CCONJ
cblr-7157	1307	6	are	be	AUX
cblr-7157	1307	7	perceived	perceive	VERB
cblr-7157	1307	8	to	to	PART
cblr-7157	1307	9	be	be	AUX
cblr-7157	1307	10	)	)	PUNCT
cblr-7157	1307	11	more	more	ADV
cblr-7157	1307	12	valuable	valuable	ADJ
cblr-7157	1307	13	with	with	ADP
cblr-7157	1307	14	those	those	DET
cblr-7157	1307	15	protections	protection	NOUN
cblr-7157	1307	16	than	than	ADP
cblr-7157	1307	17	without	without	ADP
cblr-7157	1307	18	,	,	PUNCT
cblr-7157	1307	19	and	and	CCONJ
cblr-7157	1307	20	thus	thus	ADV
cblr-7157	1307	21	the	the	DET
cblr-7157	1307	22	default	default	NOUN
cblr-7157	1307	23	property	property	NOUN
cblr-7157	1307	24	rights	right	NOUN
cblr-7157	1307	25	corporate	corporate	ADJ
cblr-7157	1307	26	law	law	NOUN
cblr-7157	1307	27	provides	provide	VERB
cblr-7157	1307	28	are	be	AUX
cblr-7157	1307	29	generally	generally	ADV
cblr-7157	1307	30	retained	retain	VERB
cblr-7157	1307	31	.	.	PUNCT
cblr-7157	1308	1	moreover	moreover	ADV
cblr-7157	1308	2	,	,	PUNCT
cblr-7157	1308	3	in	in	ADP
cblr-7157	1308	4	a	a	DET
cblr-7157	1308	5	sense	sense	NOUN
cblr-7157	1308	6	these	these	DET
cblr-7157	1308	7	default	default	NOUN
cblr-7157	1308	8	rules	rule	NOUN
cblr-7157	1308	9	are	be	AUX
cblr-7157	1308	10	not	not	PART
cblr-7157	1308	11	an	an	DET
cblr-7157	1308	12	“	"	PUNCT
cblr-7157	1308	13	off	off	ADP
cblr-7157	1308	14	the	the	DET
cblr-7157	1308	15	rack	rack	NOUN
cblr-7157	1308	16	”	"	PUNCT
cblr-7157	1308	17	standard	standard	ADJ
cblr-7157	1308	18	form	form	NOUN
cblr-7157	1308	19	contract	contract	NOUN
cblr-7157	1308	20	because	because	SCONJ
cblr-7157	1308	21	they	they	PRON
cblr-7157	1308	22	change	change	VERB
cblr-7157	1308	23	over	over	ADP
cblr-7157	1308	24	time	time	NOUN
cblr-7157	1308	25	as	as	SCONJ
cblr-7157	1308	26	corporate	corporate	ADJ
cblr-7157	1308	27	law	law	NOUN
cblr-7157	1308	28	evolves	evolve	VERB
cblr-7157	1308	29	.	.	PUNCT
cblr-7157	1309	1	that	that	DET
cblr-7157	1309	2	feature	feature	NOUN
cblr-7157	1309	3	,	,	PUNCT
cblr-7157	1309	4	too	too	ADV
cblr-7157	1309	5	,	,	PUNCT
cblr-7157	1309	6	is	be	AUX
cblr-7157	1309	7	more	more	ADJ
cblr-7157	1309	8	one	one	NUM
cblr-7157	1309	9	of	of	ADP
cblr-7157	1309	10	property	property	NOUN
cblr-7157	1309	11	than	than	ADP
cblr-7157	1309	12	of	of	ADP
cblr-7157	1309	13	contract	contract	NOUN
cblr-7157	1309	14	.	.	PUNCT
cblr-7157	1310	1	the	the	DET
cblr-7157	1310	2	fact	fact	NOUN
cblr-7157	1310	3	that	that	SCONJ
cblr-7157	1310	4	shareholders	shareholder	NOUN
cblr-7157	1310	5	have	have	AUX
cblr-7157	1310	6	no	no	DET
cblr-7157	1310	7	explicit	explicit	ADJ
cblr-7157	1310	8	terms	term	NOUN
cblr-7157	1310	9	leads	lead	VERB
cblr-7157	1310	10	more	more	ADV
cblr-7157	1310	11	plausibly	plausibly	ADV
cblr-7157	1310	12	to	to	ADP
cblr-7157	1310	13	the	the	DET
cblr-7157	1310	14	conclusion	conclusion	NOUN
cblr-7157	1310	15	that	that	SCONJ
cblr-7157	1310	16	they	they	PRON
cblr-7157	1310	17	have	have	AUX
cblr-7157	1310	18	full	full	ADJ
cblr-7157	1310	19	property	property	NOUN
cblr-7157	1310	20	rights	right	NOUN
cblr-7157	1310	21	with	with	ADP
cblr-7157	1310	22	standard	standard	ADJ
cblr-7157	1310	23	contract	contract	NOUN
cblr-7157	1310	24	law	law	NOUN
cblr-7157	1310	25	limitations	limitation	NOUN
cblr-7157	1310	26	provided	provide	VERB
cblr-7157	1310	27	by	by	ADP
cblr-7157	1310	28	the	the	DET
cblr-7157	1310	29	state	state	NOUN
cblr-7157	1310	30	.	.	PUNCT
cblr-7157	1311	1	b.	b.	PROPN
cblr-7157	1311	2	fiduciary	fiduciary	ADJ
cblr-7157	1311	3	duties	duty	NOUN
cblr-7157	1311	4	to	to	ADP
cblr-7157	1311	5	holders	holder	NOUN
cblr-7157	1311	6	of	of	ADP
cblr-7157	1311	7	preferred	preferred	ADJ
cblr-7157	1311	8	stock	stock	NOUN
cblr-7157	1311	9	,	,	PUNCT
cblr-7157	1311	10	warrants	warrant	NOUN
cblr-7157	1311	11	,	,	PUNCT
cblr-7157	1311	12	and	and	CCONJ
cblr-7157	1311	13	convertible	convertible	ADJ
cblr-7157	1311	14	securities	security	NOUN
cblr-7157	1311	15	the	the	DET
cblr-7157	1311	16	contractarian	contractarian	ADJ
cblr-7157	1311	17	rationale	rationale	NOUN
cblr-7157	1311	18	for	for	ADP
cblr-7157	1311	19	fiduciary	fiduciary	ADJ
cblr-7157	1311	20	duties	duty	NOUN
cblr-7157	1311	21	provides	provide	VERB
cblr-7157	1311	22	an	an	DET
cblr-7157	1311	23	unsatisfactory	unsatisfactory	ADJ
cblr-7157	1311	24	account	account	NOUN
cblr-7157	1311	25	of	of	ADP
cblr-7157	1311	26	current	current	ADJ
cblr-7157	1311	27	fiduciary	fiduciary	ADJ
cblr-7157	1311	28	law	law	NOUN
cblr-7157	1311	29	as	as	SCONJ
cblr-7157	1311	30	it	it	PRON
cblr-7157	1311	31	relates	relate	VERB
cblr-7157	1311	32	to	to	ADP
cblr-7157	1311	33	preferred	preferred	ADJ
cblr-7157	1311	34	stock	stock	NOUN
cblr-7157	1311	35	,	,	PUNCT
cblr-7157	1311	36	warrants	warrant	NOUN
cblr-7157	1311	37	,	,	PUNCT
cblr-7157	1311	38	and	and	CCONJ
cblr-7157	1311	39	convertible	convertible	ADJ
cblr-7157	1311	40	securities	security	NOUN
cblr-7157	1311	41	.	.	PUNCT
cblr-7157	1312	1	as	as	SCONJ
cblr-7157	1312	2	part	part	NOUN
cblr-7157	1312	3	iv	iv	NUM
cblr-7157	1312	4	explained	explain	VERB
cblr-7157	1312	5	,	,	PUNCT
cblr-7157	1312	6	the	the	DET
cblr-7157	1312	7	economic	economic	ADJ
cblr-7157	1312	8	residual	residual	ADJ
cblr-7157	1312	9	claimant	claimant	NOUN
cblr-7157	1312	10	argument	argument	NOUN
cblr-7157	1312	11	is	be	AUX
cblr-7157	1312	12	both	both	PRON
cblr-7157	1312	13	overand	overand	VERB
cblr-7157	1312	14	under	under	NOUN
cblr-7157	1312	15	-	-	PUNCT
cblr-7157	1312	16	inclusive	inclusive	NOUN
cblr-7157	1312	17	.	.	PUNCT
cblr-7157	1313	1	these	these	DET
cblr-7157	1313	2	problems	problem	NOUN
cblr-7157	1313	3	are	be	AUX
cblr-7157	1313	4	particularly	particularly	ADV
cblr-7157	1313	5	acute	acute	ADJ
cblr-7157	1313	6	in	in	ADP
cblr-7157	1313	7	the	the	DET
cblr-7157	1313	8	case	case	NOUN
cblr-7157	1313	9	of	of	ADP
cblr-7157	1313	10	complex	complex	ADJ
cblr-7157	1313	11	capital	capital	NOUN
cblr-7157	1313	12	structures	structure	NOUN
cblr-7157	1313	13	.	.	PUNCT
cblr-7157	1314	1	as	as	ADP
cblr-7157	1314	2	stan	stan	PROPN
cblr-7157	1314	3	.	.	PUNCT
cblr-7157	1315	1	l.	l.	PROPN
cblr-7157	1315	2	rev	rev	PROPN
cblr-7157	1315	3	.	.	PROPN
cblr-7157	1315	4	1325	1325	NUM
cblr-7157	1315	5	,	,	PUNCT
cblr-7157	1315	6	1329–30	1329–30	NUM
cblr-7157	1315	7	(	(	PUNCT
cblr-7157	1315	8	2013	2013	NUM
cblr-7157	1315	9	)	)	PUNCT
cblr-7157	1315	10	.	.	PUNCT
cblr-7157	1316	1	the	the	DET
cblr-7157	1316	2	more	more	ADJ
cblr-7157	1316	3	parties	party	NOUN
cblr-7157	1316	4	adopt	adopt	VERB
cblr-7157	1316	5	a	a	DET
cblr-7157	1316	6	term	term	NOUN
cblr-7157	1316	7	the	the	DET
cblr-7157	1316	8	greater	great	ADJ
cblr-7157	1316	9	value	value	NOUN
cblr-7157	1316	10	it	it	PRON
cblr-7157	1316	11	has	have	VERB
cblr-7157	1316	12	.	.	PUNCT
cblr-7157	1317	1	however	however	ADV
cblr-7157	1317	2	,	,	PUNCT
cblr-7157	1317	3	this	this	PRON
cblr-7157	1317	4	fails	fail	VERB
cblr-7157	1317	5	to	to	PART
cblr-7157	1317	6	account	account	VERB
cblr-7157	1317	7	for	for	ADP
cblr-7157	1317	8	the	the	DET
cblr-7157	1317	9	fact	fact	NOUN
cblr-7157	1317	10	that	that	SCONJ
cblr-7157	1317	11	parties	party	NOUN
cblr-7157	1317	12	rely	rely	VERB
cblr-7157	1317	13	on	on	ADP
cblr-7157	1317	14	defaults	default	NOUN
cblr-7157	1317	15	much	much	ADV
cblr-7157	1317	16	more	more	ADV
cblr-7157	1317	17	in	in	ADP
cblr-7157	1317	18	corporate	corporate	ADJ
cblr-7157	1317	19	law	law	NOUN
cblr-7157	1317	20	than	than	ADP
cblr-7157	1317	21	in	in	ADP
cblr-7157	1317	22	any	any	DET
cblr-7157	1317	23	other	other	ADJ
cblr-7157	1317	24	area	area	NOUN
cblr-7157	1317	25	of	of	ADP
cblr-7157	1317	26	contracting	contracting	NOUN
cblr-7157	1317	27	.	.	PUNCT
cblr-7157	1318	1	there	there	PRON
cblr-7157	1318	2	is	be	VERB
cblr-7157	1318	3	something	something	PRON
cblr-7157	1318	4	unique	unique	ADJ
cblr-7157	1318	5	about	about	ADP
cblr-7157	1318	6	corporate	corporate	ADJ
cblr-7157	1318	7	law	law	NOUN
cblr-7157	1318	8	that	that	PRON
cblr-7157	1318	9	makes	make	VERB
cblr-7157	1318	10	sophisticated	sophisticated	ADJ
cblr-7157	1318	11	parties	party	NOUN
cblr-7157	1318	12	unlikely	unlikely	ADJ
cblr-7157	1318	13	to	to	PART
cblr-7157	1318	14	deviate	deviate	VERB
cblr-7157	1318	15	from	from	ADP
cblr-7157	1318	16	defaults	default	NOUN
cblr-7157	1318	17	.	.	PUNCT
cblr-7157	1319	1	another	another	DET
cblr-7157	1319	2	argument	argument	NOUN
cblr-7157	1319	3	from	from	ADP
cblr-7157	1319	4	henry	henry	PROPN
cblr-7157	1319	5	hansmann	hansmann	PROPN
cblr-7157	1319	6	is	be	AUX
cblr-7157	1319	7	that	that	DET
cblr-7157	1319	8	reliance	reliance	NOUN
cblr-7157	1319	9	on	on	ADP
cblr-7157	1319	10	the	the	DET
cblr-7157	1319	11	default	default	NOUN
cblr-7157	1319	12	makes	make	VERB
cblr-7157	1319	13	the	the	DET
cblr-7157	1319	14	contract	contract	NOUN
cblr-7157	1319	15	flexible	flexible	ADJ
cblr-7157	1319	16	and	and	CCONJ
cblr-7157	1319	17	delegates	delegate	NOUN
cblr-7157	1319	18	to	to	ADP
cblr-7157	1319	19	the	the	DET
cblr-7157	1319	20	state	state	NOUN
cblr-7157	1319	21	the	the	DET
cblr-7157	1319	22	responsibility	responsibility	NOUN
cblr-7157	1319	23	of	of	ADP
cblr-7157	1319	24	periodically	periodically	ADV
cblr-7157	1319	25	revising	revise	VERB
cblr-7157	1319	26	the	the	DET
cblr-7157	1319	27	corporate	corporate	ADJ
cblr-7157	1319	28	“	"	PUNCT
cblr-7157	1319	29	deal	deal	NOUN
cblr-7157	1319	30	”	"	PUNCT
cblr-7157	1319	31	in	in	ADP
cblr-7157	1319	32	light	light	NOUN
cblr-7157	1319	33	of	of	ADP
cblr-7157	1319	34	changing	change	VERB
cblr-7157	1319	35	circumstances	circumstance	NOUN
cblr-7157	1319	36	.	.	PUNCT
cblr-7157	1320	1	see	see	VERB
cblr-7157	1320	2	henry	henry	PROPN
cblr-7157	1320	3	hansmann	hansmann	PROPN
cblr-7157	1320	4	,	,	PUNCT
cblr-7157	1320	5	corporation	corporation	NOUN
cblr-7157	1320	6	and	and	CCONJ
cblr-7157	1320	7	contract	contract	NOUN
cblr-7157	1320	8	,	,	PUNCT
cblr-7157	1320	9	8	8	NUM
cblr-7157	1320	10	am	am	NOUN
cblr-7157	1320	11	.	.	PUNCT
cblr-7157	1321	1	l.	l.	PROPN
cblr-7157	1321	2	&	&	CCONJ
cblr-7157	1321	3	econ	econ	PROPN
cblr-7157	1321	4	.	.	PUNCT
cblr-7157	1322	1	rev	rev	PROPN
cblr-7157	1322	2	.	.	PROPN
cblr-7157	1322	3	1	1	NUM
cblr-7157	1322	4	,	,	PUNCT
cblr-7157	1322	5	2	2	NUM
cblr-7157	1322	6	(	(	PUNCT
cblr-7157	1322	7	2006	2006	NUM
cblr-7157	1322	8	)	)	PUNCT
cblr-7157	1322	9	.	.	PUNCT
cblr-7157	1323	1	299	299	NUM
cblr-7157	1323	2	see	see	VERB
cblr-7157	1323	3	klausner	klausner	PROPN
cblr-7157	1323	4	,	,	PUNCT
cblr-7157	1323	5	supra	supra	PROPN
cblr-7157	1323	6	note	note	PROPN
cblr-7157	1323	7	294	294	NUM
cblr-7157	1323	8	,	,	PUNCT
cblr-7157	1323	9	at	at	ADP
cblr-7157	1323	10	1329–30	1329–30	NUM
cblr-7157	1323	11	.	.	PUNCT
cblr-7157	1324	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1324	2	(	(	PUNCT
cblr-7157	1324	3	do	do	AUX
cblr-7157	1324	4	not	not	PART
cblr-7157	1324	5	delete	delete	VERB
cblr-7157	1324	6	)	)	PUNCT
cblr-7157	1324	7	10/2/2020	10/2/2020	NUM
cblr-7157	1324	8	11:44	11:44	NUM
cblr-7157	1324	9	am	be	AUX
cblr-7157	1324	10	no	no	NOUN
cblr-7157	1324	11	.	.	PUNCT
cblr-7157	1324	12	1:1	1:1	NUM
cblr-7157	1324	13	]	]	X
cblr-7157	1324	14	a	a	DET
cblr-7157	1324	15	property	property	NOUN
cblr-7157	1324	16	theory	theory	NOUN
cblr-7157	1324	17	87	87	NUM
cblr-7157	1324	18	discussed	discuss	VERB
cblr-7157	1324	19	above	above	ADV
cblr-7157	1324	20	,	,	PUNCT
cblr-7157	1324	21	various	various	ADJ
cblr-7157	1324	22	types	type	NOUN
cblr-7157	1324	23	of	of	ADP
cblr-7157	1324	24	claims	claim	NOUN
cblr-7157	1324	25	on	on	ADP
cblr-7157	1324	26	the	the	DET
cblr-7157	1324	27	corporation	corporation	NOUN
cblr-7157	1324	28	have	have	VERB
cblr-7157	1324	29	residual	residual	ADJ
cblr-7157	1324	30	aspects	aspect	NOUN
cblr-7157	1324	31	from	from	ADP
cblr-7157	1324	32	an	an	DET
cblr-7157	1324	33	economic	economic	ADJ
cblr-7157	1324	34	perspective	perspective	NOUN
cblr-7157	1324	35	,	,	PUNCT
cblr-7157	1324	36	especially	especially	ADV
cblr-7157	1324	37	warrants	warrant	NOUN
cblr-7157	1324	38	and	and	CCONJ
cblr-7157	1324	39	convertible	convertible	ADJ
cblr-7157	1324	40	securities	security	NOUN
cblr-7157	1324	41	(	(	PUNCT
cblr-7157	1324	42	whether	whether	SCONJ
cblr-7157	1324	43	the	the	DET
cblr-7157	1324	44	securities	security	NOUN
cblr-7157	1324	45	are	be	AUX
cblr-7157	1324	46	debt	debt	NOUN
cblr-7157	1324	47	or	or	CCONJ
cblr-7157	1324	48	preferred	prefer	VERB
cblr-7157	1324	49	stock).300	stock).300	NOUN
cblr-7157	1324	50	this	this	PRON
cblr-7157	1324	51	makes	make	VERB
cblr-7157	1324	52	the	the	DET
cblr-7157	1324	53	application	application	NOUN
cblr-7157	1324	54	of	of	ADP
cblr-7157	1324	55	the	the	DET
cblr-7157	1324	56	nexus	nexus	NOUN
cblr-7157	1324	57	of	of	ADP
cblr-7157	1324	58	contracts	contract	NOUN
cblr-7157	1324	59	theory	theory	NOUN
cblr-7157	1324	60	particularly	particularly	ADV
cblr-7157	1324	61	challenging	challenge	VERB
cblr-7157	1324	62	in	in	ADP
cblr-7157	1324	63	the	the	DET
cblr-7157	1324	64	context	context	NOUN
cblr-7157	1324	65	of	of	ADP
cblr-7157	1324	66	complex	complex	ADJ
cblr-7157	1324	67	capital	capital	NOUN
cblr-7157	1324	68	structures	structure	NOUN
cblr-7157	1324	69	.	.	PUNCT
cblr-7157	1325	1	the	the	DET
cblr-7157	1325	2	legal	legal	ADJ
cblr-7157	1325	3	rules	rule	NOUN
cblr-7157	1325	4	in	in	ADP
cblr-7157	1325	5	this	this	DET
cblr-7157	1325	6	area	area	NOUN
cblr-7157	1325	7	are	be	AUX
cblr-7157	1325	8	far	far	ADV
cblr-7157	1325	9	simpler	simple	ADJ
cblr-7157	1325	10	than	than	SCONJ
cblr-7157	1325	11	the	the	DET
cblr-7157	1325	12	residual	residual	ADJ
cblr-7157	1325	13	claimant	claimant	NOUN
cblr-7157	1325	14	analysis	analysis	NOUN
cblr-7157	1325	15	would	would	AUX
cblr-7157	1325	16	suggest	suggest	VERB
cblr-7157	1325	17	.	.	PUNCT
cblr-7157	1326	1	boards	board	NOUN
cblr-7157	1326	2	owe	owe	VERB
cblr-7157	1326	3	fiduciary	fiduciary	ADJ
cblr-7157	1326	4	duties	duty	NOUN
cblr-7157	1326	5	to	to	ADP
cblr-7157	1326	6	common	common	ADJ
cblr-7157	1326	7	stockholders	stockholder	NOUN
cblr-7157	1326	8	and	and	CCONJ
cblr-7157	1326	9	,	,	PUNCT
cblr-7157	1326	10	to	to	ADP
cblr-7157	1326	11	a	a	DET
cblr-7157	1326	12	more	more	ADV
cblr-7157	1326	13	limited	limited	ADJ
cblr-7157	1326	14	extent	extent	NOUN
cblr-7157	1326	15	,	,	PUNCT
cblr-7157	1326	16	preferred	preferred	ADJ
cblr-7157	1326	17	stockholders.301	stockholders.301	PROPN
cblr-7157	1326	18	they	they	PRON
cblr-7157	1326	19	do	do	VERB
cblr-7157	1326	20	not	not	PART
cblr-7157	1326	21	,	,	PUNCT
cblr-7157	1326	22	however	however	ADV
cblr-7157	1326	23	,	,	PUNCT
cblr-7157	1326	24	owe	owe	VERB
cblr-7157	1326	25	fiduciary	fiduciary	ADJ
cblr-7157	1326	26	duties	duty	NOUN
cblr-7157	1326	27	to	to	ADP
cblr-7157	1326	28	holders	holder	NOUN
cblr-7157	1326	29	of	of	ADP
cblr-7157	1326	30	warrants	warrant	NOUN
cblr-7157	1326	31	or	or	CCONJ
cblr-7157	1326	32	convertible	convertible	ADJ
cblr-7157	1326	33	securities.302	securities.302	NOUN
cblr-7157	1326	34	the	the	DET
cblr-7157	1326	35	holders	holder	NOUN
cblr-7157	1326	36	of	of	ADP
cblr-7157	1326	37	such	such	ADJ
cblr-7157	1326	38	securities	security	NOUN
cblr-7157	1326	39	must	must	AUX
cblr-7157	1326	40	protect	protect	VERB
cblr-7157	1326	41	their	their	PRON
cblr-7157	1326	42	interests	interest	NOUN
cblr-7157	1326	43	through	through	ADP
cblr-7157	1326	44	contract	contract	NOUN
cblr-7157	1326	45	,	,	PUNCT
cblr-7157	1326	46	which	which	PRON
cblr-7157	1326	47	they	they	PRON
cblr-7157	1326	48	universally	universally	ADV
cblr-7157	1326	49	do.303	do.303	VERB
cblr-7157	1326	50	this	this	PRON
cblr-7157	1326	51	is	be	AUX
cblr-7157	1326	52	in	in	ADP
cblr-7157	1326	53	spite	spite	NOUN
cblr-7157	1326	54	of	of	ADP
cblr-7157	1326	55	the	the	DET
cblr-7157	1326	56	fact	fact	NOUN
cblr-7157	1326	57	that	that	SCONJ
cblr-7157	1326	58	such	such	ADJ
cblr-7157	1326	59	securities	security	NOUN
cblr-7157	1326	60	clearly	clearly	ADV
cblr-7157	1326	61	have	have	AUX
cblr-7157	1326	62	residual	residual	ADJ
cblr-7157	1326	63	interests	interest	NOUN
cblr-7157	1326	64	in	in	ADP
cblr-7157	1326	65	the	the	DET
cblr-7157	1326	66	corporation	corporation	NOUN
cblr-7157	1326	67	,	,	PUNCT
cblr-7157	1326	68	and	and	CCONJ
cblr-7157	1326	69	may	may	AUX
cblr-7157	1326	70	indeed	indeed	ADV
cblr-7157	1326	71	have	have	VERB
cblr-7157	1326	72	a	a	DET
cblr-7157	1326	73	substantially	substantially	ADV
cblr-7157	1326	74	identical	identical	ADJ
cblr-7157	1326	75	residual	residual	ADJ
cblr-7157	1326	76	economic	economic	ADJ
cblr-7157	1326	77	interest	interest	NOUN
cblr-7157	1326	78	to	to	ADP
cblr-7157	1326	79	that	that	PRON
cblr-7157	1326	80	of	of	ADP
cblr-7157	1326	81	the	the	DET
cblr-7157	1326	82	common	common	ADJ
cblr-7157	1326	83	stockholders	stockholder	NOUN
cblr-7157	1326	84	,	,	PUNCT
cblr-7157	1326	85	depending	depend	VERB
cblr-7157	1326	86	on	on	ADP
cblr-7157	1326	87	their	their	PRON
cblr-7157	1326	88	terms	term	NOUN
cblr-7157	1326	89	.	.	PUNCT
cblr-7157	1327	1	thus	thus	ADV
cblr-7157	1327	2	,	,	PUNCT
cblr-7157	1327	3	here	here	ADV
cblr-7157	1327	4	the	the	DET
cblr-7157	1327	5	existing	exist	VERB
cblr-7157	1327	6	legal	legal	ADJ
cblr-7157	1327	7	rule	rule	NOUN
cblr-7157	1327	8	conflicts	conflict	NOUN
cblr-7157	1327	9	with	with	ADP
cblr-7157	1327	10	the	the	DET
cblr-7157	1327	11	murky	murky	ADJ
cblr-7157	1327	12	economic	economic	ADJ
cblr-7157	1327	13	residual	residual	ADJ
cblr-7157	1327	14	analysis	analysis	NOUN
cblr-7157	1327	15	.	.	PUNCT
cblr-7157	1328	1	the	the	DET
cblr-7157	1328	2	failure	failure	NOUN
cblr-7157	1328	3	to	to	PART
cblr-7157	1328	4	apply	apply	VERB
cblr-7157	1328	5	the	the	DET
cblr-7157	1328	6	property	property	NOUN
cblr-7157	1328	7	theory	theory	NOUN
cblr-7157	1328	8	approach	approach	NOUN
cblr-7157	1328	9	has	have	AUX
cblr-7157	1328	10	caused	cause	VERB
cblr-7157	1328	11	a	a	DET
cblr-7157	1328	12	legal	legal	ADJ
cblr-7157	1328	13	mess	mess	NOUN
cblr-7157	1328	14	in	in	ADP
cblr-7157	1328	15	the	the	DET
cblr-7157	1328	16	preferred	preferred	ADJ
cblr-7157	1328	17	stock	stock	NOUN
cblr-7157	1328	18	context	context	NOUN
cblr-7157	1328	19	,	,	PUNCT
cblr-7157	1328	20	where	where	SCONJ
cblr-7157	1328	21	a	a	DET
cblr-7157	1328	22	pure	pure	ADJ
cblr-7157	1328	23	contractarian	contractarian	ADJ
cblr-7157	1328	24	perspective	perspective	NOUN
cblr-7157	1328	25	makes	make	VERB
cblr-7157	1328	26	sorting	sort	VERB
cblr-7157	1328	27	out	out	ADP
cblr-7157	1328	28	conflicting	conflict	VERB
cblr-7157	1328	29	loyalty	loyalty	NOUN
cblr-7157	1328	30	problems	problem	NOUN
cblr-7157	1328	31	especially	especially	ADV
cblr-7157	1328	32	tricky	tricky	ADJ
cblr-7157	1328	33	.	.	PUNCT
cblr-7157	1329	1	preferred	preferred	ADJ
cblr-7157	1329	2	stock	stock	NOUN
cblr-7157	1329	3	is	be	AUX
cblr-7157	1329	4	not	not	PART
cblr-7157	1329	5	any	any	DET
cblr-7157	1329	6	single	single	ADJ
cblr-7157	1329	7	“	"	PUNCT
cblr-7157	1329	8	thing	thing	NOUN
cblr-7157	1329	9	.	.	PUNCT
cblr-7157	1329	10	”	"	PUNCT
cblr-7157	1330	1	its	its	PRON
cblr-7157	1330	2	attributes	attribute	NOUN
cblr-7157	1330	3	can	can	AUX
cblr-7157	1330	4	vary	vary	VERB
cblr-7157	1330	5	widely	widely	ADV
cblr-7157	1330	6	from	from	ADP
cblr-7157	1330	7	instrument	instrument	NOUN
cblr-7157	1330	8	to	to	ADP
cblr-7157	1330	9	instrument	instrument	NOUN
cblr-7157	1330	10	,	,	PUNCT
cblr-7157	1330	11	depending	depend	VERB
cblr-7157	1330	12	on	on	ADP
cblr-7157	1330	13	what	what	PRON
cblr-7157	1330	14	the	the	DET
cblr-7157	1330	15	investor	investor	NOUN
cblr-7157	1330	16	negotiates	negotiate	VERB
cblr-7157	1330	17	with	with	ADP
cblr-7157	1330	18	the	the	DET
cblr-7157	1330	19	company	company	NOUN
cblr-7157	1330	20	.	.	PUNCT
cblr-7157	1331	1	as	as	ADP
cblr-7157	1331	2	a	a	DET
cblr-7157	1331	3	result	result	NOUN
cblr-7157	1331	4	,	,	PUNCT
cblr-7157	1331	5	the	the	DET
cblr-7157	1331	6	legal	legal	ADJ
cblr-7157	1331	7	attributes	attribute	NOUN
cblr-7157	1331	8	of	of	ADP
cblr-7157	1331	9	preferred	preferred	ADJ
cblr-7157	1331	10	stock	stock	NOUN
cblr-7157	1331	11	draw	draw	VERB
cblr-7157	1331	12	from	from	ADP
cblr-7157	1331	13	both	both	PRON
cblr-7157	1331	14	contract	contract	NOUN
cblr-7157	1331	15	law	law	NOUN
cblr-7157	1331	16	and	and	CCONJ
cblr-7157	1331	17	corporate	corporate	ADJ
cblr-7157	1331	18	law	law	NOUN
cblr-7157	1331	19	,	,	PUNCT
cblr-7157	1331	20	with	with	ADP
cblr-7157	1331	21	a	a	DET
cblr-7157	1331	22	somewhat	somewhat	ADV
cblr-7157	1331	23	ad	ad	X
cblr-7157	1331	24	hoc	hoc	X
cblr-7157	1331	25	allocation	allocation	NOUN
cblr-7157	1331	26	from	from	ADP
cblr-7157	1331	27	one	one	NUM
cblr-7157	1331	28	category	category	NOUN
cblr-7157	1331	29	or	or	CCONJ
cblr-7157	1331	30	the	the	DET
cblr-7157	1331	31	other	other	ADJ
cblr-7157	1331	32	.	.	PUNCT
cblr-7157	1332	1	304	304	NUM
cblr-7157	1332	2	300	300	NUM
cblr-7157	1332	3	see	see	VERB
cblr-7157	1332	4	supra	supra	PROPN
cblr-7157	1332	5	section	section	NOUN
cblr-7157	1332	6	iv.a	iv.a	VERB
cblr-7157	1332	7	.	.	PUNCT
cblr-7157	1333	1	301	301	NUM
cblr-7157	1333	2	see	see	VERB
cblr-7157	1333	3	,	,	PUNCT
cblr-7157	1333	4	e.g.	e.g.	ADV
cblr-7157	1333	5	,	,	PUNCT
cblr-7157	1333	6	in	in	ADP
cblr-7157	1333	7	re	re	PROPN
cblr-7157	1333	8	trados	trados	PROPN
cblr-7157	1333	9	inc	inc	PROPN
cblr-7157	1333	10	.	.	PROPN
cblr-7157	1333	11	s'holder	s'holder	PROPN
cblr-7157	1333	12	litig	litig	PROPN
cblr-7157	1333	13	.	.	PUNCT
cblr-7157	1333	14	,	,	PUNCT
cblr-7157	1333	15	73	73	NUM
cblr-7157	1333	16	a.3d	a.3d	SYM
cblr-7157	1333	17	17	17	NUM
cblr-7157	1333	18	,	,	PUNCT
cblr-7157	1333	19	39–40	39–40	NUM
cblr-7157	1333	20	(	(	PUNCT
cblr-7157	1333	21	del	del	PROPN
cblr-7157	1333	22	.	.	PROPN
cblr-7157	1333	23	ch	ch	PROPN
cblr-7157	1333	24	.	.	PROPN
cblr-7157	1333	25	2013	2013	NUM
cblr-7157	1333	26	)	)	PUNCT
cblr-7157	1333	27	(	(	PUNCT
cblr-7157	1333	28	“	"	PUNCT
cblr-7157	1333	29	preferred	preferred	ADJ
cblr-7157	1333	30	stockholders	stockholder	NOUN
cblr-7157	1333	31	are	be	AUX
cblr-7157	1333	32	owed	owe	VERB
cblr-7157	1333	33	fiduciary	fiduciary	ADJ
cblr-7157	1333	34	duties	duty	NOUN
cblr-7157	1333	35	only	only	ADV
cblr-7157	1333	36	when	when	SCONJ
cblr-7157	1333	37	they	they	PRON
cblr-7157	1333	38	do	do	AUX
cblr-7157	1333	39	not	not	PART
cblr-7157	1333	40	invoke	invoke	VERB
cblr-7157	1333	41	their	their	PRON
cblr-7157	1333	42	special	special	ADJ
cblr-7157	1333	43	contractual	contractual	ADJ
cblr-7157	1333	44	rights	right	NOUN
cblr-7157	1333	45	and	and	CCONJ
cblr-7157	1333	46	rely	rely	VERB
cblr-7157	1333	47	on	on	ADP
cblr-7157	1333	48	a	a	DET
cblr-7157	1333	49	right	right	NOUN
cblr-7157	1333	50	shared	share	VERB
cblr-7157	1333	51	equally	equally	ADV
cblr-7157	1333	52	with	with	ADP
cblr-7157	1333	53	the	the	DET
cblr-7157	1333	54	common	common	ADJ
cblr-7157	1333	55	stock	stock	NOUN
cblr-7157	1333	56	.	.	PUNCT
cblr-7157	1333	57	”	"	PUNCT
cblr-7157	1333	58	)	)	PUNCT
cblr-7157	1333	59	.	.	PUNCT
cblr-7157	1334	1	302	302	NUM
cblr-7157	1334	2	see	see	VERB
cblr-7157	1334	3	aspen	aspen	PROPN
cblr-7157	1334	4	advisors	advisor	NOUN
cblr-7157	1334	5	llc	llc	PROPN
cblr-7157	1334	6	v.	v.	PROPN
cblr-7157	1334	7	united	united	PROPN
cblr-7157	1334	8	artists	artists	PROPN
cblr-7157	1334	9	theatre	theatre	PROPN
cblr-7157	1334	10	co.	co.	PROPN
cblr-7157	1334	11	,	,	PUNCT
cblr-7157	1334	12	861	861	NUM
cblr-7157	1334	13	a.2d	a.2d	NUM
cblr-7157	1334	14	1251	1251	NUM
cblr-7157	1334	15	,	,	PUNCT
cblr-7157	1334	16	1263	1263	NUM
cblr-7157	1334	17	(	(	PUNCT
cblr-7157	1334	18	del	del	PROPN
cblr-7157	1334	19	.	.	NOUN
cblr-7157	1334	20	2004	2004	NUM
cblr-7157	1334	21	)	)	PUNCT
cblr-7157	1334	22	(	(	PUNCT
cblr-7157	1334	23	finding	find	VERB
cblr-7157	1334	24	that	that	SCONJ
cblr-7157	1334	25	the	the	DET
cblr-7157	1334	26	“	"	PUNCT
cblr-7157	1334	27	convertibility	convertibility	NOUN
cblr-7157	1334	28	feature	feature	NOUN
cblr-7157	1334	29	of	of	ADP
cblr-7157	1334	30	warrants	warrant	NOUN
cblr-7157	1334	31	”	"	PUNCT
cblr-7157	1334	32	and	and	CCONJ
cblr-7157	1334	33	convertible	convertible	ADJ
cblr-7157	1334	34	stock	stock	NOUN
cblr-7157	1334	35	does	do	AUX
cblr-7157	1334	36	not	not	PART
cblr-7157	1334	37	“	"	PUNCT
cblr-7157	1334	38	impart	impart	VERB
cblr-7157	1334	39	stockholder	stockholder	NOUN
cblr-7157	1334	40	status	status	NOUN
cblr-7157	1334	41	”	"	PUNCT
cblr-7157	1334	42	)	)	PUNCT
cblr-7157	1334	43	.	.	PUNCT
cblr-7157	1335	1	303	303	NUM
cblr-7157	1335	2	see	see	VERB
cblr-7157	1335	3	alexander	alexander	PROPN
cblr-7157	1335	4	j.	j.	PROPN
cblr-7157	1335	5	triantis	triantis	PROPN
cblr-7157	1335	6	&	&	CCONJ
cblr-7157	1335	7	george	george	PROPN
cblr-7157	1335	8	g.	g.	PROPN
cblr-7157	1335	9	triantis	triantis	PROPN
cblr-7157	1335	10	,	,	PUNCT
cblr-7157	1335	11	conversion	conversion	NOUN
cblr-7157	1335	12	rights	right	NOUN
cblr-7157	1335	13	and	and	CCONJ
cblr-7157	1335	14	the	the	DET
cblr-7157	1335	15	design	design	NOUN
cblr-7157	1335	16	of	of	ADP
cblr-7157	1335	17	financial	financial	ADJ
cblr-7157	1335	18	contracts	contract	NOUN
cblr-7157	1335	19	,	,	PUNCT
cblr-7157	1335	20	72	72	NUM
cblr-7157	1335	21	wash	wash	NOUN
cblr-7157	1335	22	.	.	PUNCT
cblr-7157	1336	1	u.	u.	PROPN
cblr-7157	1336	2	l.q	l.q	PROPN
cblr-7157	1336	3	.	.	PROPN
cblr-7157	1336	4	1231	1231	NUM
cblr-7157	1336	5	,	,	PUNCT
cblr-7157	1336	6	1252–53	1252–53	NUM
cblr-7157	1336	7	(	(	PUNCT
cblr-7157	1336	8	1994	1994	NUM
cblr-7157	1336	9	)	)	PUNCT
cblr-7157	1336	10	.	.	PUNCT
cblr-7157	1337	1	304	304	NUM
cblr-7157	1337	2	william	william	PROPN
cblr-7157	1337	3	w.	w.	PROPN
cblr-7157	1337	4	bratton	bratton	PROPN
cblr-7157	1337	5	&	&	CCONJ
cblr-7157	1337	6	michael	michael	PROPN
cblr-7157	1337	7	l.	l.	PROPN
cblr-7157	1337	8	wachter	wachter	PROPN
cblr-7157	1337	9	,	,	PUNCT
cblr-7157	1337	10	a	a	DET
cblr-7157	1337	11	theory	theory	NOUN
cblr-7157	1337	12	of	of	ADP
cblr-7157	1337	13	preferred	preferred	ADJ
cblr-7157	1337	14	stock	stock	NOUN
cblr-7157	1337	15	,	,	PUNCT
cblr-7157	1337	16	161	161	NUM
cblr-7157	1337	17	u.	u.	NOUN
cblr-7157	1337	18	pa	pa	PROPN
cblr-7157	1337	19	.	.	PUNCT
cblr-7157	1337	20	l.	l.	PROPN
cblr-7157	1337	21	rev	rev	PROPN
cblr-7157	1337	22	.	.	PROPN
cblr-7157	1337	23	1815	1815	NUM
cblr-7157	1337	24	,	,	PUNCT
cblr-7157	1337	25	1820	1820	NUM
cblr-7157	1337	26	(	(	PUNCT
cblr-7157	1337	27	2013	2013	NUM
cblr-7157	1337	28	)	)	PUNCT
cblr-7157	1337	29	(	(	PUNCT
cblr-7157	1337	30	“	"	PUNCT
cblr-7157	1337	31	preferred	preferred	ADJ
cblr-7157	1337	32	stock	stock	NOUN
cblr-7157	1337	33	sits	sit	VERB
cblr-7157	1337	34	on	on	ADP
cblr-7157	1337	35	a	a	DET
cblr-7157	1337	36	fault	fault	NOUN
cblr-7157	1337	37	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1337	38	(	(	PUNCT
cblr-7157	1337	39	do	do	AUX
cblr-7157	1337	40	not	not	PART
cblr-7157	1337	41	delte	delte	VERB
cblr-7157	1337	42	)	)	PUNCT
cblr-7157	1337	43	10/2/2020	10/2/2020	NUM
cblr-7157	1337	44	11:44	11:44	NUM
cblr-7157	1337	45	am	am	NOUN
cblr-7157	1337	46	88	88	NUM
cblr-7157	1337	47	columbia	columbia	PROPN
cblr-7157	1337	48	business	business	NOUN
cblr-7157	1337	49	law	law	NOUN
cblr-7157	1337	50	review	review	NOUN
cblr-7157	1337	51	[	[	X
cblr-7157	1337	52	vol	vol	NOUN
cblr-7157	1337	53	.	.	PUNCT
cblr-7157	1338	1	2020	2020	NUM
cblr-7157	1338	2	approaches	approach	NOUN
cblr-7157	1338	3	to	to	ADP
cblr-7157	1338	4	preferred	preferred	ADJ
cblr-7157	1338	5	stock	stock	NOUN
cblr-7157	1338	6	vary	vary	VERB
cblr-7157	1338	7	widely	widely	ADV
cblr-7157	1338	8	in	in	ADP
cblr-7157	1338	9	terms	term	NOUN
cblr-7157	1338	10	of	of	ADP
cblr-7157	1338	11	the	the	DET
cblr-7157	1338	12	fiduciary	fiduciary	ADJ
cblr-7157	1338	13	protection	protection	NOUN
cblr-7157	1338	14	such	such	ADJ
cblr-7157	1338	15	stock	stock	NOUN
cblr-7157	1338	16	receives.305	receives.305	NOUN
cblr-7157	1338	17	in	in	ADP
cblr-7157	1338	18	the	the	DET
cblr-7157	1338	19	preferred	preferred	ADJ
cblr-7157	1338	20	stock	stock	NOUN
cblr-7157	1338	21	context	context	NOUN
cblr-7157	1338	22	the	the	DET
cblr-7157	1338	23	applicable	applicable	ADJ
cblr-7157	1338	24	legal	legal	ADJ
cblr-7157	1338	25	rules	rule	NOUN
cblr-7157	1338	26	are	be	AUX
cblr-7157	1338	27	somewhat	somewhat	ADV
cblr-7157	1338	28	clear	clear	ADJ
cblr-7157	1338	29	on	on	ADP
cblr-7157	1338	30	their	their	PRON
cblr-7157	1338	31	facts	fact	NOUN
cblr-7157	1338	32	but	but	CCONJ
cblr-7157	1338	33	murky	murky	ADJ
cblr-7157	1338	34	in	in	ADP
cblr-7157	1338	35	their	their	PRON
cblr-7157	1338	36	application	application	NOUN
cblr-7157	1338	37	when	when	SCONJ
cblr-7157	1338	38	viewed	view	VERB
cblr-7157	1338	39	through	through	ADP
cblr-7157	1338	40	the	the	DET
cblr-7157	1338	41	contractarian	contractarian	ADJ
cblr-7157	1338	42	paradigm	paradigm	NOUN
cblr-7157	1338	43	.	.	PUNCT
cblr-7157	1339	1	as	as	ADP
cblr-7157	1339	2	“	"	PUNCT
cblr-7157	1339	3	stock	stock	NOUN
cblr-7157	1339	4	,	,	PUNCT
cblr-7157	1339	5	”	"	PUNCT
cblr-7157	1339	6	preferred	preferred	ADJ
cblr-7157	1339	7	stock	stock	NOUN
cblr-7157	1339	8	is	be	AUX
cblr-7157	1339	9	owed	owe	VERB
cblr-7157	1339	10	fiduciary	fiduciary	ADJ
cblr-7157	1339	11	duties	duty	NOUN
cblr-7157	1339	12	.	.	PUNCT
cblr-7157	1340	1	however	however	ADV
cblr-7157	1340	2	,	,	PUNCT
cblr-7157	1340	3	the	the	DET
cblr-7157	1340	4	delaware	delaware	PROPN
cblr-7157	1340	5	courts	court	NOUN
cblr-7157	1340	6	have	have	AUX
cblr-7157	1340	7	indicated	indicate	VERB
cblr-7157	1340	8	that	that	SCONJ
cblr-7157	1340	9	the	the	DET
cblr-7157	1340	10	fiduciary	fiduciary	ADJ
cblr-7157	1340	11	obligations	obligation	NOUN
cblr-7157	1340	12	of	of	ADP
cblr-7157	1340	13	boards	board	NOUN
cblr-7157	1340	14	of	of	ADP
cblr-7157	1340	15	directors	director	NOUN
cblr-7157	1340	16	to	to	ADP
cblr-7157	1340	17	preferred	preferred	ADJ
cblr-7157	1340	18	stockholders	stockholder	NOUN
cblr-7157	1340	19	go	go	VERB
cblr-7157	1340	20	only	only	ADV
cblr-7157	1340	21	as	as	ADV
cblr-7157	1340	22	far	far	ADV
cblr-7157	1340	23	as	as	SCONJ
cblr-7157	1340	24	the	the	DET
cblr-7157	1340	25	interests	interest	NOUN
cblr-7157	1340	26	of	of	ADP
cblr-7157	1340	27	the	the	DET
cblr-7157	1340	28	preferred	preferred	ADJ
cblr-7157	1340	29	stock	stock	NOUN
cblr-7157	1340	30	coincide	coincide	NOUN
cblr-7157	1340	31	with	with	ADP
cblr-7157	1340	32	those	those	PRON
cblr-7157	1340	33	of	of	ADP
cblr-7157	1340	34	the	the	DET
cblr-7157	1340	35	common	common	ADJ
cblr-7157	1340	36	stock.306	stock.306	NOUN
cblr-7157	1340	37	beyond	beyond	ADP
cblr-7157	1340	38	that	that	PRON
cblr-7157	1340	39	,	,	PUNCT
cblr-7157	1340	40	in	in	ADP
cblr-7157	1340	41	the	the	DET
cblr-7157	1340	42	realm	realm	NOUN
cblr-7157	1340	43	of	of	ADP
cblr-7157	1340	44	the	the	DET
cblr-7157	1340	45	“	"	PUNCT
cblr-7157	1340	46	special	special	ADJ
cblr-7157	1340	47	rights	right	NOUN
cblr-7157	1340	48	”	"	PUNCT
cblr-7157	1340	49	of	of	ADP
cblr-7157	1340	50	the	the	DET
cblr-7157	1340	51	preferred	preferred	ADJ
cblr-7157	1340	52	,	,	PUNCT
cblr-7157	1340	53	boards	board	NOUN
cblr-7157	1340	54	’	'	PUNCT
cblr-7157	1340	55	obligations	obligation	NOUN
cblr-7157	1340	56	are	be	AUX
cblr-7157	1340	57	generally	generally	ADV
cblr-7157	1340	58	to	to	PART
cblr-7157	1340	59	favor	favor	VERB
cblr-7157	1340	60	the	the	DET
cblr-7157	1340	61	interests	interest	NOUN
cblr-7157	1340	62	of	of	ADP
cblr-7157	1340	63	the	the	DET
cblr-7157	1340	64	common	common	ADJ
cblr-7157	1340	65	stock.307	stock.307	NOUN
cblr-7157	1340	66	this	this	DET
cblr-7157	1340	67	description	description	NOUN
cblr-7157	1340	68	raises	raise	VERB
cblr-7157	1340	69	the	the	DET
cblr-7157	1340	70	questions	question	NOUN
cblr-7157	1340	71	of	of	ADP
cblr-7157	1340	72	whether	whether	SCONJ
cblr-7157	1340	73	a	a	DET
cblr-7157	1340	74	board	board	NOUN
cblr-7157	1340	75	could	could	AUX
cblr-7157	1340	76	ever	ever	ADV
cblr-7157	1340	77	have	have	AUX
cblr-7157	1340	78	a	a	DET
cblr-7157	1340	79	fiduciary	fiduciary	ADJ
cblr-7157	1340	80	duty	duty	NOUN
cblr-7157	1340	81	to	to	ADP
cblr-7157	1340	82	the	the	DET
cblr-7157	1340	83	preferred	prefer	VERB
cblr-7157	1340	84	over	over	ADP
cblr-7157	1340	85	the	the	DET
cblr-7157	1340	86	common	common	ADJ
cblr-7157	1340	87	,	,	PUNCT
cblr-7157	1340	88	and	and	CCONJ
cblr-7157	1340	89	whether	whether	SCONJ
cblr-7157	1340	90	the	the	DET
cblr-7157	1340	91	two	two	NUM
cblr-7157	1340	92	classes	class	NOUN
cblr-7157	1340	93	could	could	AUX
cblr-7157	1340	94	even	even	ADV
cblr-7157	1340	95	be	be	AUX
cblr-7157	1340	96	placed	place	VERB
cblr-7157	1340	97	on	on	ADP
cblr-7157	1340	98	an	an	DET
cblr-7157	1340	99	equal	equal	ADJ
cblr-7157	1340	100	fiduciary	fiduciary	ADJ
cblr-7157	1340	101	footing	footing	NOUN
cblr-7157	1340	102	where	where	SCONJ
cblr-7157	1340	103	their	their	PRON
cblr-7157	1340	104	interests	interest	NOUN
cblr-7157	1340	105	differ	differ	VERB
cblr-7157	1340	106	.	.	PUNCT
cblr-7157	1341	1	in	in	ADP
cblr-7157	1341	2	contrast	contrast	NOUN
cblr-7157	1341	3	to	to	ADP
cblr-7157	1341	4	the	the	DET
cblr-7157	1341	5	contractarian	contractarian	ADJ
cblr-7157	1341	6	view	view	NOUN
cblr-7157	1341	7	,	,	PUNCT
cblr-7157	1341	8	the	the	DET
cblr-7157	1341	9	property	property	NOUN
cblr-7157	1341	10	approach	approach	NOUN
cblr-7157	1341	11	provides	provide	VERB
cblr-7157	1341	12	a	a	DET
cblr-7157	1341	13	framework	framework	NOUN
cblr-7157	1341	14	for	for	ADP
cblr-7157	1341	15	analyzing	analyze	VERB
cblr-7157	1341	16	the	the	DET
cblr-7157	1341	17	potentially	potentially	ADV
cblr-7157	1341	18	conflicting	conflicting	ADJ
cblr-7157	1341	19	loyalty	loyalty	NOUN
cblr-7157	1341	20	obligations	obligation	NOUN
cblr-7157	1341	21	that	that	PRON
cblr-7157	1341	22	arise	arise	VERB
cblr-7157	1341	23	in	in	ADP
cblr-7157	1341	24	the	the	DET
cblr-7157	1341	25	context	context	NOUN
cblr-7157	1341	26	of	of	ADP
cblr-7157	1341	27	preferred	preferred	ADJ
cblr-7157	1341	28	stock	stock	NOUN
cblr-7157	1341	29	,	,	PUNCT
cblr-7157	1341	30	convertible	convertible	ADJ
cblr-7157	1341	31	securities	security	NOUN
cblr-7157	1341	32	,	,	PUNCT
cblr-7157	1341	33	warrants	warrant	NOUN
cblr-7157	1341	34	,	,	PUNCT
cblr-7157	1341	35	and	and	CCONJ
cblr-7157	1341	36	the	the	DET
cblr-7157	1341	37	like	like	ADJ
cblr-7157	1341	38	.	.	PUNCT
cblr-7157	1342	1	one	one	NUM
cblr-7157	1342	2	source	source	NOUN
cblr-7157	1342	3	of	of	ADP
cblr-7157	1342	4	confusion	confusion	NOUN
cblr-7157	1342	5	in	in	ADP
cblr-7157	1342	6	the	the	DET
cblr-7157	1342	7	contractarian	contractarian	ADJ
cblr-7157	1342	8	approach	approach	NOUN
cblr-7157	1342	9	is	be	AUX
cblr-7157	1342	10	the	the	DET
cblr-7157	1342	11	tension	tension	NOUN
cblr-7157	1342	12	between	between	ADP
cblr-7157	1342	13	the	the	DET
cblr-7157	1342	14	idea	idea	NOUN
cblr-7157	1342	15	that	that	SCONJ
cblr-7157	1342	16	fiduciary	fiduciary	ADJ
cblr-7157	1342	17	duties	duty	NOUN
cblr-7157	1342	18	attach	attach	VERB
cblr-7157	1342	19	to	to	ADP
cblr-7157	1342	20	residual	residual	ADJ
cblr-7157	1342	21	economic	economic	ADJ
cblr-7157	1342	22	rights	right	NOUN
cblr-7157	1342	23	and	and	CCONJ
cblr-7157	1342	24	the	the	DET
cblr-7157	1342	25	black	black	ADJ
cblr-7157	1342	26	letter	letter	NOUN
cblr-7157	1342	27	legal	legal	ADJ
cblr-7157	1342	28	principle	principle	NOUN
cblr-7157	1342	29	that	that	SCONJ
cblr-7157	1342	30	fiduciary	fiduciary	ADJ
cblr-7157	1342	31	duties	duty	NOUN
cblr-7157	1342	32	do	do	AUX
cblr-7157	1342	33	not	not	PART
cblr-7157	1342	34	attach	attach	VERB
cblr-7157	1342	35	to	to	ADP
cblr-7157	1342	36	warrants	warrant	NOUN
cblr-7157	1342	37	or	or	CCONJ
cblr-7157	1342	38	conversion	conversion	NOUN
cblr-7157	1342	39	privileges	privilege	NOUN
cblr-7157	1342	40	.	.	PUNCT
cblr-7157	1343	1	the	the	DET
cblr-7157	1343	2	property	property	NOUN
cblr-7157	1343	3	theory	theory	NOUN
cblr-7157	1343	4	resolves	resolve	VERB
cblr-7157	1343	5	this	this	DET
cblr-7157	1343	6	tension	tension	NOUN
cblr-7157	1343	7	by	by	ADP
cblr-7157	1343	8	showing	show	VERB
cblr-7157	1343	9	that	that	SCONJ
cblr-7157	1343	10	fiduciary	fiduciary	ADJ
cblr-7157	1343	11	duties	duty	NOUN
cblr-7157	1343	12	do	do	AUX
cblr-7157	1343	13	not	not	PART
cblr-7157	1343	14	necessarily	necessarily	ADV
cblr-7157	1343	15	follow	follow	VERB
cblr-7157	1343	16	the	the	DET
cblr-7157	1343	17	residual	residual	ADJ
cblr-7157	1343	18	line	line	NOUN
cblr-7157	1343	19	between	between	ADP
cblr-7157	1343	20	two	two	NUM
cblr-7157	1343	21	great	great	ADJ
cblr-7157	1343	22	private	private	ADJ
cblr-7157	1343	23	law	law	NOUN
cblr-7157	1343	24	paradigms	paradigm	VERB
cblr-7157	1343	25	,	,	PUNCT
cblr-7157	1343	26	corporate	corporate	ADJ
cblr-7157	1343	27	law	law	NOUN
cblr-7157	1343	28	and	and	CCONJ
cblr-7157	1343	29	contract	contract	NOUN
cblr-7157	1343	30	law	law	NOUN
cblr-7157	1343	31	.	.	PUNCT
cblr-7157	1343	32	”	"	PUNCT
cblr-7157	1343	33	)	)	PUNCT
cblr-7157	1343	34	.	.	PUNCT
cblr-7157	1344	1	305	305	NUM
cblr-7157	1344	2	others	other	NOUN
cblr-7157	1344	3	take	take	VERB
cblr-7157	1344	4	the	the	DET
cblr-7157	1344	5	position	position	NOUN
cblr-7157	1344	6	that	that	SCONJ
cblr-7157	1344	7	fiduciary	fiduciary	ADJ
cblr-7157	1344	8	protections	protection	NOUN
cblr-7157	1344	9	should	should	AUX
cblr-7157	1344	10	not	not	PART
cblr-7157	1344	11	apply	apply	VERB
cblr-7157	1344	12	to	to	ADP
cblr-7157	1344	13	sophisticated	sophisticated	ADJ
cblr-7157	1344	14	preferred	preferred	ADJ
cblr-7157	1344	15	stockholders	stockholder	NOUN
cblr-7157	1344	16	such	such	ADJ
cblr-7157	1344	17	as	as	ADP
cblr-7157	1344	18	venture	venture	NOUN
cblr-7157	1344	19	capitalists	capitalist	NOUN
cblr-7157	1344	20	.	.	PUNCT
cblr-7157	1345	1	see	see	VERB
cblr-7157	1345	2	,	,	PUNCT
cblr-7157	1345	3	e.g.	e.g.	ADV
cblr-7157	1345	4	,	,	PUNCT
cblr-7157	1345	5	charles	charles	PROPN
cblr-7157	1345	6	r.	r.	PROPN
cblr-7157	1345	7	korsmo	korsmo	PROPN
cblr-7157	1345	8	,	,	PUNCT
cblr-7157	1345	9	venture	venture	NOUN
cblr-7157	1345	10	capital	capital	NOUN
cblr-7157	1345	11	and	and	CCONJ
cblr-7157	1345	12	preferred	preferred	ADJ
cblr-7157	1345	13	stock	stock	NOUN
cblr-7157	1345	14	,	,	PUNCT
cblr-7157	1345	15	78	78	NUM
cblr-7157	1345	16	brook	brook	NOUN
cblr-7157	1345	17	.	.	PUNCT
cblr-7157	1346	1	l.	l.	PROPN
cblr-7157	1346	2	rev	rev	PROPN
cblr-7157	1346	3	.	.	PROPN
cblr-7157	1346	4	1163	1163	NUM
cblr-7157	1346	5	,	,	PUNCT
cblr-7157	1346	6	1166–67	1166–67	NUM
cblr-7157	1346	7	(	(	PUNCT
cblr-7157	1346	8	2013	2013	NUM
cblr-7157	1346	9	)	)	PUNCT
cblr-7157	1346	10	(	(	PUNCT
cblr-7157	1346	11	arguing	argue	VERB
cblr-7157	1346	12	that	that	SCONJ
cblr-7157	1346	13	“	"	PUNCT
cblr-7157	1346	14	vc	vc	PROPN
cblr-7157	1346	15	holders	holder	NOUN
cblr-7157	1346	16	of	of	ADP
cblr-7157	1346	17	preferred	preferred	ADJ
cblr-7157	1346	18	stock	stock	NOUN
cblr-7157	1346	19	should	should	AUX
cblr-7157	1346	20	never	never	ADV
cblr-7157	1346	21	be	be	AUX
cblr-7157	1346	22	afforded	afford	VERB
cblr-7157	1346	23	fiduciary	fiduciary	ADJ
cblr-7157	1346	24	protections	protection	NOUN
cblr-7157	1346	25	,	,	PUNCT
cblr-7157	1346	26	and	and	CCONJ
cblr-7157	1346	27	they	they	PRON
cblr-7157	1346	28	should	should	AUX
cblr-7157	1346	29	always	always	ADV
cblr-7157	1346	30	be	be	AUX
cblr-7157	1346	31	required	require	VERB
cblr-7157	1346	32	to	to	PART
cblr-7157	1346	33	rely	rely	VERB
cblr-7157	1346	34	on	on	ADP
cblr-7157	1346	35	the	the	DET
cblr-7157	1346	36	protections	protection	NOUN
cblr-7157	1346	37	of	of	ADP
cblr-7157	1346	38	their	their	PRON
cblr-7157	1346	39	contract	contract	NOUN
cblr-7157	1346	40	”	"	PUNCT
cblr-7157	1346	41	)	)	PUNCT
cblr-7157	1346	42	.	.	PUNCT
cblr-7157	1347	1	306	306	NUM
cblr-7157	1347	2	see	see	VERB
cblr-7157	1347	3	,	,	PUNCT
cblr-7157	1347	4	e.g.	e.g.	ADV
cblr-7157	1347	5	,	,	PUNCT
cblr-7157	1347	6	in	in	ADP
cblr-7157	1347	7	re	re	PROPN
cblr-7157	1347	8	trados	trados	PROPN
cblr-7157	1347	9	inc	inc	PROPN
cblr-7157	1347	10	.	.	PROPN
cblr-7157	1347	11	,73	,73	PUNCT
cblr-7157	1347	12	a.3d	a.3d	X
cblr-7157	1347	13	at	at	ADP
cblr-7157	1347	14	39–40	39–40	NUM
cblr-7157	1347	15	.	.	PUNCT
cblr-7157	1348	1	307	307	NUM
cblr-7157	1348	2	see	see	VERB
cblr-7157	1348	3	equity	equity	NOUN
cblr-7157	1348	4	-	-	PUNCT
cblr-7157	1348	5	linked	link	VERB
cblr-7157	1348	6	inv’rs	inv’rs	NOUN
cblr-7157	1348	7	,	,	PUNCT
cblr-7157	1348	8	l.p	l.p	PROPN
cblr-7157	1348	9	.	.	PROPN
cblr-7157	1349	1	v.	v.	PROPN
cblr-7157	1349	2	adams	adams	PROPN
cblr-7157	1349	3	,	,	PUNCT
cblr-7157	1349	4	705	705	NUM
cblr-7157	1349	5	a.2d	a.2d	SYM
cblr-7157	1349	6	1040	1040	NUM
cblr-7157	1349	7	,	,	PUNCT
cblr-7157	1349	8	1042	1042	NUM
cblr-7157	1349	9	(	(	PUNCT
cblr-7157	1349	10	del	del	PROPN
cblr-7157	1349	11	.	.	PROPN
cblr-7157	1349	12	ch	ch	PROPN
cblr-7157	1349	13	.	.	PROPN
cblr-7157	1349	14	1997	1997	NUM
cblr-7157	1349	15	)	)	PUNCT
cblr-7157	1349	16	(	(	PUNCT
cblr-7157	1349	17	“	"	PUNCT
cblr-7157	1349	18	[	[	X
cblr-7157	1349	19	g]enerally	g]enerally	ADV
cblr-7157	1349	20	it	it	PRON
cblr-7157	1349	21	will	will	AUX
cblr-7157	1349	22	be	be	AUX
cblr-7157	1349	23	the	the	DET
cblr-7157	1349	24	duty	duty	NOUN
cblr-7157	1349	25	of	of	ADP
cblr-7157	1349	26	the	the	DET
cblr-7157	1349	27	board	board	NOUN
cblr-7157	1349	28	,	,	PUNCT
cblr-7157	1349	29	where	where	SCONJ
cblr-7157	1349	30	discretionary	discretionary	ADJ
cblr-7157	1349	31	judgment	judgment	NOUN
cblr-7157	1349	32	is	be	AUX
cblr-7157	1349	33	to	to	PART
cblr-7157	1349	34	be	be	AUX
cblr-7157	1349	35	exercised	exercise	VERB
cblr-7157	1349	36	,	,	PUNCT
cblr-7157	1349	37	to	to	PART
cblr-7157	1349	38	prefer	prefer	VERB
cblr-7157	1349	39	the	the	DET
cblr-7157	1349	40	interests	interest	NOUN
cblr-7157	1349	41	of	of	ADP
cblr-7157	1349	42	common	common	ADJ
cblr-7157	1349	43	stock	stock	NOUN
cblr-7157	1349	44	—	—	PUNCT
cblr-7157	1349	45	as	as	SCONJ
cblr-7157	1349	46	the	the	DET
cblr-7157	1349	47	good	good	ADJ
cblr-7157	1349	48	faith	faith	NOUN
cblr-7157	1349	49	judgment	judgment	NOUN
cblr-7157	1349	50	of	of	ADP
cblr-7157	1349	51	the	the	DET
cblr-7157	1349	52	board	board	NOUN
cblr-7157	1349	53	sees	see	VERB
cblr-7157	1349	54	them	they	PRON
cblr-7157	1349	55	to	to	PART
cblr-7157	1349	56	be	be	AUX
cblr-7157	1349	57	—	—	PUNCT
cblr-7157	1349	58	to	to	ADP
cblr-7157	1349	59	the	the	DET
cblr-7157	1349	60	interests	interest	NOUN
cblr-7157	1349	61	created	create	VERB
cblr-7157	1349	62	by	by	ADP
cblr-7157	1349	63	the	the	DET
cblr-7157	1349	64	special	special	ADJ
cblr-7157	1349	65	rights	right	NOUN
cblr-7157	1349	66	,	,	PUNCT
cblr-7157	1349	67	preferences	preference	NOUN
cblr-7157	1349	68	,	,	PUNCT
cblr-7157	1349	69	etc	etc	X
cblr-7157	1349	70	.	.	X
cblr-7157	1349	71	,	,	PUNCT
cblr-7157	1349	72	of	of	ADP
cblr-7157	1349	73	preferred	preferred	ADJ
cblr-7157	1349	74	stock	stock	NOUN
cblr-7157	1349	75	,	,	PUNCT
cblr-7157	1349	76	where	where	SCONJ
cblr-7157	1349	77	there	there	PRON
cblr-7157	1349	78	is	be	VERB
cblr-7157	1349	79	a	a	DET
cblr-7157	1349	80	conflict	conflict	NOUN
cblr-7157	1349	81	.	.	PUNCT
cblr-7157	1349	82	”	"	PUNCT
cblr-7157	1349	83	)	)	PUNCT
cblr-7157	1349	84	.	.	PUNCT
cblr-7157	1350	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1350	2	(	(	PUNCT
cblr-7157	1350	3	do	do	AUX
cblr-7157	1350	4	not	not	PART
cblr-7157	1350	5	delete	delete	VERB
cblr-7157	1350	6	)	)	PUNCT
cblr-7157	1350	7	10/2/2020	10/2/2020	NUM
cblr-7157	1350	8	11:44	11:44	NUM
cblr-7157	1350	9	am	be	AUX
cblr-7157	1350	10	no	no	NOUN
cblr-7157	1350	11	.	.	PUNCT
cblr-7157	1350	12	1:1	1:1	NUM
cblr-7157	1350	13	]	]	X
cblr-7157	1350	14	a	a	DET
cblr-7157	1350	15	property	property	NOUN
cblr-7157	1350	16	theory	theory	NOUN
cblr-7157	1350	17	89	89	NUM
cblr-7157	1350	18	economic	economic	ADJ
cblr-7157	1350	19	interest	interest	NOUN
cblr-7157	1350	20	.	.	PUNCT
cblr-7157	1351	1	the	the	DET
cblr-7157	1351	2	primary	primary	ADJ
cblr-7157	1351	3	obligation	obligation	NOUN
cblr-7157	1351	4	of	of	ADP
cblr-7157	1351	5	directors	director	NOUN
cblr-7157	1351	6	is	be	AUX
cblr-7157	1351	7	to	to	ADP
cblr-7157	1351	8	the	the	DET
cblr-7157	1351	9	stockholding	stockholde	VERB
cblr-7157	1351	10	residual	residual	ADJ
cblr-7157	1351	11	voting	voting	NOUN
cblr-7157	1351	12	interests	interest	NOUN
cblr-7157	1351	13	(	(	PUNCT
cblr-7157	1351	14	always	always	ADV
cblr-7157	1351	15	at	at	ADV
cblr-7157	1351	16	least	least	ADV
cblr-7157	1351	17	one	one	NUM
cblr-7157	1351	18	class	class	NOUN
cblr-7157	1351	19	of	of	ADP
cblr-7157	1351	20	common	common	ADJ
cblr-7157	1351	21	stock	stock	NOUN
cblr-7157	1351	22	,	,	PUNCT
cblr-7157	1351	23	but	but	CCONJ
cblr-7157	1351	24	may	may	AUX
cblr-7157	1351	25	also	also	ADV
cblr-7157	1351	26	include	include	VERB
cblr-7157	1351	27	classes	class	NOUN
cblr-7157	1351	28	of	of	ADP
cblr-7157	1351	29	preferred	preferred	ADJ
cblr-7157	1351	30	stock	stock	NOUN
cblr-7157	1351	31	)	)	PUNCT
cblr-7157	1351	32	.	.	PUNCT
cblr-7157	1352	1	the	the	DET
cblr-7157	1352	2	fiduciary	fiduciary	ADJ
cblr-7157	1352	3	rights	right	NOUN
cblr-7157	1352	4	of	of	ADP
cblr-7157	1352	5	preferred	preferred	ADJ
cblr-7157	1352	6	stockholders	stockholder	NOUN
cblr-7157	1352	7	confer	confer	NOUN
cblr-7157	1352	8	standing	stand	VERB
cblr-7157	1352	9	to	to	PART
cblr-7157	1352	10	sue	sue	VERB
cblr-7157	1352	11	for	for	ADP
cblr-7157	1352	12	injuries	injury	NOUN
cblr-7157	1352	13	to	to	ADP
cblr-7157	1352	14	common	common	ADJ
cblr-7157	1352	15	stockholders	stockholder	NOUN
cblr-7157	1352	16	.	.	PUNCT
cblr-7157	1353	1	but	but	CCONJ
cblr-7157	1353	2	as	as	ADP
cblr-7157	1353	3	contract	contract	NOUN
cblr-7157	1353	4	rights	right	NOUN
cblr-7157	1353	5	,	,	PUNCT
cblr-7157	1353	6	the	the	DET
cblr-7157	1353	7	special	special	ADJ
cblr-7157	1353	8	features	feature	NOUN
cblr-7157	1353	9	of	of	ADP
cblr-7157	1353	10	preferred	preferred	ADJ
cblr-7157	1353	11	stock	stock	NOUN
cblr-7157	1353	12	are	be	AUX
cblr-7157	1353	13	not	not	PART
cblr-7157	1353	14	protected	protect	VERB
cblr-7157	1353	15	by	by	ADP
cblr-7157	1353	16	fiduciary	fiduciary	ADJ
cblr-7157	1353	17	obligations	obligation	NOUN
cblr-7157	1353	18	.	.	PUNCT
cblr-7157	1354	1	this	this	DET
cblr-7157	1354	2	analysis	analysis	NOUN
cblr-7157	1354	3	also	also	ADV
cblr-7157	1354	4	makes	make	VERB
cblr-7157	1354	5	it	it	PRON
cblr-7157	1354	6	clear	clear	ADJ
cblr-7157	1354	7	that	that	SCONJ
cblr-7157	1354	8	the	the	DET
cblr-7157	1354	9	relevant	relevant	ADJ
cblr-7157	1354	10	distinction	distinction	NOUN
cblr-7157	1354	11	is	be	AUX
cblr-7157	1354	12	not	not	PART
cblr-7157	1354	13	between	between	ADP
cblr-7157	1354	14	boards	board	NOUN
cblr-7157	1354	15	’	'	PUNCT
cblr-7157	1354	16	duties	duty	NOUN
cblr-7157	1354	17	to	to	ADP
cblr-7157	1354	18	common	common	ADJ
cblr-7157	1354	19	stockholders	stockholder	NOUN
cblr-7157	1354	20	and	and	CCONJ
cblr-7157	1354	21	preferred	preferred	ADJ
cblr-7157	1354	22	stockholders	stockholder	NOUN
cblr-7157	1354	23	,	,	PUNCT
cblr-7157	1354	24	but	but	CCONJ
cblr-7157	1354	25	between	between	ADP
cblr-7157	1354	26	boards	board	NOUN
cblr-7157	1354	27	’	'	PUNCT
cblr-7157	1354	28	duties	duty	NOUN
cblr-7157	1354	29	to	to	ADP
cblr-7157	1354	30	property	property	NOUN
cblr-7157	1354	31	interests	interest	NOUN
cblr-7157	1354	32	versus	versus	ADP
cblr-7157	1354	33	contract	contract	NOUN
cblr-7157	1354	34	interests	interest	NOUN
cblr-7157	1354	35	.	.	PUNCT
cblr-7157	1355	1	although	although	SCONJ
cblr-7157	1355	2	common	common	ADJ
cblr-7157	1355	3	stock	stock	NOUN
cblr-7157	1355	4	’s	’s	PART
cblr-7157	1355	5	default	default	NOUN
cblr-7157	1355	6	rights	right	NOUN
cblr-7157	1355	7	are	be	AUX
cblr-7157	1355	8	property	property	NOUN
cblr-7157	1355	9	interests	interest	NOUN
cblr-7157	1355	10	,	,	PUNCT
cblr-7157	1355	11	common	common	ADJ
cblr-7157	1355	12	stockholders	stockholder	NOUN
cblr-7157	1355	13	may	may	AUX
cblr-7157	1355	14	also	also	ADV
cblr-7157	1355	15	have	have	VERB
cblr-7157	1355	16	contract	contract	NOUN
cblr-7157	1355	17	rights	right	NOUN
cblr-7157	1355	18	;	;	PUNCT
cblr-7157	1355	19	and	and	CCONJ
cblr-7157	1355	20	although	although	SCONJ
cblr-7157	1355	21	preferred	preferred	ADJ
cblr-7157	1355	22	stock	stock	NOUN
cblr-7157	1355	23	’s	’s	PART
cblr-7157	1355	24	special	special	ADJ
cblr-7157	1355	25	rights	right	NOUN
cblr-7157	1355	26	are	be	AUX
cblr-7157	1355	27	contractual	contractual	ADJ
cblr-7157	1355	28	,	,	PUNCT
cblr-7157	1355	29	the	the	DET
cblr-7157	1355	30	preferred	preferred	NOUN
cblr-7157	1355	31	may	may	AUX
cblr-7157	1355	32	also	also	ADV
cblr-7157	1355	33	have	have	VERB
cblr-7157	1355	34	property	property	NOUN
cblr-7157	1355	35	rights	right	NOUN
cblr-7157	1355	36	.	.	PUNCT
cblr-7157	1356	1	thus	thus	ADV
cblr-7157	1356	2	,	,	PUNCT
cblr-7157	1356	3	boards	board	NOUN
cblr-7157	1356	4	’	'	PUNCT
cblr-7157	1356	5	fiduciary	fiduciary	ADJ
cblr-7157	1356	6	duties	duty	NOUN
cblr-7157	1356	7	do	do	AUX
cblr-7157	1356	8	not	not	PART
cblr-7157	1356	9	attach	attach	VERB
cblr-7157	1356	10	to	to	ADP
cblr-7157	1356	11	the	the	DET
cblr-7157	1356	12	holders	holder	NOUN
cblr-7157	1356	13	of	of	ADP
cblr-7157	1356	14	one	one	NUM
cblr-7157	1356	15	stock	stock	NOUN
cblr-7157	1356	16	or	or	CCONJ
cblr-7157	1356	17	the	the	DET
cblr-7157	1356	18	other	other	ADJ
cblr-7157	1356	19	by	by	ADP
cblr-7157	1356	20	virtue	virtue	NOUN
cblr-7157	1356	21	of	of	ADP
cblr-7157	1356	22	a	a	DET
cblr-7157	1356	23	label	label	NOUN
cblr-7157	1356	24	or	or	CCONJ
cblr-7157	1356	25	a	a	DET
cblr-7157	1356	26	residual	residual	ADJ
cblr-7157	1356	27	economic	economic	ADJ
cblr-7157	1356	28	interest	interest	NOUN
cblr-7157	1356	29	,	,	PUNCT
cblr-7157	1356	30	but	but	CCONJ
cblr-7157	1356	31	to	to	ADP
cblr-7157	1356	32	property	property	NOUN
cblr-7157	1356	33	interests	interest	NOUN
cblr-7157	1356	34	in	in	ADP
cblr-7157	1356	35	the	the	DET
cblr-7157	1356	36	corporation	corporation	NOUN
cblr-7157	1356	37	.	.	PUNCT
cblr-7157	1357	1	the	the	DET
cblr-7157	1357	2	property	property	NOUN
cblr-7157	1357	3	theory	theory	NOUN
cblr-7157	1357	4	helps	help	VERB
cblr-7157	1357	5	to	to	PART
cblr-7157	1357	6	explain	explain	VERB
cblr-7157	1357	7	the	the	DET
cblr-7157	1357	8	otherwise	otherwise	ADV
cblr-7157	1357	9	challenging	challenging	ADJ
cblr-7157	1357	10	tension	tension	NOUN
cblr-7157	1357	11	between	between	ADP
cblr-7157	1357	12	some	some	DET
cblr-7157	1357	13	recent	recent	ADJ
cblr-7157	1357	14	high	high	ADJ
cblr-7157	1357	15	-	-	PUNCT
cblr-7157	1357	16	profile	profile	NOUN
cblr-7157	1357	17	delaware	delaware	PROPN
cblr-7157	1357	18	cases	case	NOUN
cblr-7157	1357	19	on	on	ADP
cblr-7157	1357	20	preferred	preferred	ADJ
cblr-7157	1357	21	stock	stock	NOUN
cblr-7157	1357	22	.	.	PUNCT
cblr-7157	1358	1	the	the	DET
cblr-7157	1358	2	first	first	ADJ
cblr-7157	1358	3	relevant	relevant	ADJ
cblr-7157	1358	4	case	case	NOUN
cblr-7157	1358	5	to	to	ADP
cblr-7157	1358	6	this	this	DET
cblr-7157	1358	7	tension	tension	NOUN
cblr-7157	1358	8	is	be	AUX
cblr-7157	1358	9	orban	orban	NOUN
cblr-7157	1358	10	v.	v.	ADP
cblr-7157	1358	11	field	field	NOUN
cblr-7157	1358	12	,	,	PUNCT
cblr-7157	1358	13	where	where	SCONJ
cblr-7157	1358	14	the	the	DET
cblr-7157	1358	15	chancery	chancery	NOUN
cblr-7157	1358	16	court	court	NOUN
cblr-7157	1358	17	was	be	AUX
cblr-7157	1358	18	tasked	task	VERB
cblr-7157	1358	19	with	with	ADP
cblr-7157	1358	20	sorting	sort	VERB
cblr-7157	1358	21	out	out	ADP
cblr-7157	1358	22	the	the	DET
cblr-7157	1358	23	contractual	contractual	NOUN
cblr-7157	1358	24	from	from	ADP
cblr-7157	1358	25	the	the	DET
cblr-7157	1358	26	“	"	PUNCT
cblr-7157	1358	27	fiduciary	fiduciary	ADJ
cblr-7157	1358	28	”	"	PUNCT
cblr-7157	1358	29	rights	right	NOUN
cblr-7157	1358	30	of	of	ADP
cblr-7157	1358	31	preferred	preferred	ADJ
cblr-7157	1358	32	stockholders.308	stockholders.308	PROPN
cblr-7157	1358	33	orban	orban	NOUN
cblr-7157	1358	34	gave	give	VERB
cblr-7157	1358	35	rise	rise	NOUN
cblr-7157	1358	36	to	to	ADP
cblr-7157	1358	37	an	an	DET
cblr-7157	1358	38	apparent	apparent	ADJ
cblr-7157	1358	39	“	"	PUNCT
cblr-7157	1358	40	control	control	NOUN
cblr-7157	1358	41	-	-	PUNCT
cblr-7157	1358	42	contingent	contingent	ADJ
cblr-7157	1358	43	approach	approach	NOUN
cblr-7157	1358	44	”	"	PUNCT
cblr-7157	1358	45	where	where	SCONJ
cblr-7157	1358	46	fiduciary	fiduciary	ADJ
cblr-7157	1358	47	duties	duty	NOUN
cblr-7157	1358	48	to	to	ADP
cblr-7157	1358	49	various	various	ADJ
cblr-7157	1358	50	classes	class	NOUN
cblr-7157	1358	51	vary	vary	VERB
cblr-7157	1358	52	depending	depend	VERB
cblr-7157	1358	53	on	on	ADP
cblr-7157	1358	54	which	which	PRON
cblr-7157	1358	55	class	class	NOUN
cblr-7157	1358	56	controls	control	VERB
cblr-7157	1358	57	the	the	DET
cblr-7157	1358	58	board.309	board.309	NOUN
cblr-7157	1358	59	this	this	DET
cblr-7157	1358	60	approach	approach	NOUN
cblr-7157	1358	61	would	would	AUX
cblr-7157	1358	62	suggest	suggest	VERB
cblr-7157	1358	63	that	that	SCONJ
cblr-7157	1358	64	when	when	SCONJ
cblr-7157	1358	65	common	common	ADJ
cblr-7157	1358	66	stockholders	stockholder	NOUN
cblr-7157	1358	67	are	be	AUX
cblr-7157	1358	68	in	in	ADP
cblr-7157	1358	69	control	control	NOUN
cblr-7157	1358	70	of	of	ADP
cblr-7157	1358	71	the	the	DET
cblr-7157	1358	72	board	board	NOUN
cblr-7157	1358	73	,	,	PUNCT
cblr-7157	1358	74	directors	director	NOUN
cblr-7157	1358	75	can	can	AUX
cblr-7157	1358	76	favor	favor	VERB
cblr-7157	1358	77	common	common	ADJ
cblr-7157	1358	78	stockholders	stockholder	NOUN
cblr-7157	1358	79	over	over	ADP
cblr-7157	1358	80	preferred	preferred	ADJ
cblr-7157	1358	81	stockholders.310	stockholders.310	NOUN
cblr-7157	1358	82	but	but	CCONJ
cblr-7157	1358	83	,	,	PUNCT
cblr-7157	1358	84	under	under	ADP
cblr-7157	1358	85	this	this	DET
cblr-7157	1358	86	approach	approach	NOUN
cblr-7157	1358	87	,	,	PUNCT
cblr-7157	1358	88	preferred	prefer	VERB
cblr-7157	1358	89	-	-	PUNCT
cblr-7157	1358	90	dominated	dominate	VERB
cblr-7157	1358	91	boards	board	NOUN
cblr-7157	1358	92	can	can	AUX
cblr-7157	1358	93	favor	favor	VERB
cblr-7157	1358	94	the	the	DET
cblr-7157	1358	95	preferred	prefer	VERB
cblr-7157	1358	96	over	over	ADP
cblr-7157	1358	97	the	the	DET
cblr-7157	1358	98	common	common	ADJ
cblr-7157	1358	99	,	,	PUNCT
cblr-7157	1358	100	at	at	ADP
cblr-7157	1358	101	least	least	ADJ
cblr-7157	1358	102	when	when	SCONJ
cblr-7157	1358	103	doing	do	VERB
cblr-7157	1358	104	so	so	ADV
cblr-7157	1358	105	favors	favor	VERB
cblr-7157	1358	106	the	the	DET
cblr-7157	1358	107	overall	overall	ADJ
cblr-7157	1358	108	best	good	ADJ
cblr-7157	1358	109	interests	interest	NOUN
cblr-7157	1358	110	of	of	ADP
cblr-7157	1358	111	the	the	DET
cblr-7157	1358	112	corporation.311	corporation.311	PROPN
cblr-7157	1358	113	the	the	DET
cblr-7157	1358	114	delaware	delaware	PROPN
cblr-7157	1358	115	chancery	chancery	PROPN
cblr-7157	1358	116	308	308	NUM
cblr-7157	1358	117	orban	orban	NOUN
cblr-7157	1358	118	v.	v.	ADP
cblr-7157	1358	119	field	field	NOUN
cblr-7157	1358	120	,	,	PUNCT
cblr-7157	1358	121	c.a	c.a	PROPN
cblr-7157	1358	122	.	.	PROPN
cblr-7157	1359	1	no	no	PROPN
cblr-7157	1359	2	.	.	NOUN
cblr-7157	1359	3	12820	12820	NUM
cblr-7157	1359	4	,	,	PUNCT
cblr-7157	1359	5	1997	1997	NUM
cblr-7157	1359	6	wl	wl	SYM
cblr-7157	1359	7	153831	153831	NUM
cblr-7157	1359	8	,	,	PUNCT
cblr-7157	1359	9	at	at	ADP
cblr-7157	1359	10	*	*	NOUN
cblr-7157	1359	11	8	8	NUM
cblr-7157	1359	12	(	(	PUNCT
cblr-7157	1359	13	del	del	PROPN
cblr-7157	1359	14	.	.	PROPN
cblr-7157	1359	15	ch	ch	PROPN
cblr-7157	1359	16	.	.	PUNCT
cblr-7157	1359	17	apr	apr	PROPN
cblr-7157	1359	18	.	.	PROPN
cblr-7157	1359	19	1	1	NUM
cblr-7157	1359	20	,	,	PUNCT
cblr-7157	1359	21	1997	1997	NUM
cblr-7157	1359	22	)	)	PUNCT
cblr-7157	1359	23	.	.	PUNCT
cblr-7157	1360	1	309	309	NUM
cblr-7157	1360	2	see	see	VERB
cblr-7157	1360	3	in	in	ADP
cblr-7157	1360	4	re	re	PROPN
cblr-7157	1360	5	trados	trados	PROPN
cblr-7157	1360	6	inc	inc	PROPN
cblr-7157	1360	7	.	.	PROPN
cblr-7157	1360	8	,	,	PUNCT
cblr-7157	1360	9	73	73	NUM
cblr-7157	1360	10	a.3d	a.3d	X
cblr-7157	1360	11	at	at	ADP
cblr-7157	1360	12	42	42	NUM
cblr-7157	1360	13	n.16	n.16	PROPN
cblr-7157	1360	14	(	(	PUNCT
cblr-7157	1360	15	citing	cite	VERB
cblr-7157	1360	16	jesse	jesse	PROPN
cblr-7157	1360	17	m.	m.	PROPN
cblr-7157	1360	18	fried	fried	PROPN
cblr-7157	1360	19	&	&	CCONJ
cblr-7157	1360	20	mira	mira	PROPN
cblr-7157	1360	21	ganor	ganor	PROPN
cblr-7157	1360	22	,	,	PUNCT
cblr-7157	1360	23	agency	agency	NOUN
cblr-7157	1360	24	costs	cost	NOUN
cblr-7157	1360	25	of	of	ADP
cblr-7157	1360	26	venture	venture	NOUN
cblr-7157	1360	27	capitalist	capitalist	ADJ
cblr-7157	1360	28	control	control	NOUN
cblr-7157	1360	29	in	in	ADP
cblr-7157	1360	30	startups	startup	NOUN
cblr-7157	1360	31	,	,	PUNCT
cblr-7157	1360	32	81	81	NUM
cblr-7157	1360	33	n.y.u	n.y.u	NOUN
cblr-7157	1360	34	.	.	PUNCT
cblr-7157	1361	1	l.	l.	PROPN
cblr-7157	1361	2	rev	rev	PROPN
cblr-7157	1361	3	.	.	PROPN
cblr-7157	1361	4	967	967	NUM
cblr-7157	1361	5	,	,	PUNCT
cblr-7157	1361	6	1021	1021	NUM
cblr-7157	1361	7	(	(	PUNCT
cblr-7157	1361	8	2006	2006	NUM
cblr-7157	1361	9	)	)	PUNCT
cblr-7157	1361	10	)	)	PUNCT
cblr-7157	1361	11	.	.	PUNCT
cblr-7157	1362	1	310	310	NUM
cblr-7157	1362	2	fried	fry	VERB
cblr-7157	1362	3	&	&	CCONJ
cblr-7157	1362	4	ganor	ganor	PROPN
cblr-7157	1362	5	,	,	PUNCT
cblr-7157	1362	6	supra	supra	PROPN
cblr-7157	1362	7	note	note	NOUN
cblr-7157	1362	8	197	197	NUM
cblr-7157	1362	9	,	,	PUNCT
cblr-7157	1362	10	at	at	ADP
cblr-7157	1362	11	1021	1021	NUM
cblr-7157	1362	12	.	.	PUNCT
cblr-7157	1363	1	311	311	NUM
cblr-7157	1363	2	see	see	VERB
cblr-7157	1363	3	i	i	PRON
cblr-7157	1363	4	d.	d.	PROPN
cblr-7157	1363	5	at	at	ADP
cblr-7157	1363	6	999–1000	999–1000	NUM
cblr-7157	1363	7	.	.	PUNCT
cblr-7157	1364	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1364	2	(	(	PUNCT
cblr-7157	1364	3	do	do	AUX
cblr-7157	1364	4	not	not	PART
cblr-7157	1364	5	delte	delte	VERB
cblr-7157	1364	6	)	)	PUNCT
cblr-7157	1364	7	10/2/2020	10/2/2020	NUM
cblr-7157	1364	8	11:44	11:44	NUM
cblr-7157	1364	9	am	am	NOUN
cblr-7157	1364	10	90	90	NUM
cblr-7157	1364	11	columbia	columbia	PROPN
cblr-7157	1364	12	business	business	NOUN
cblr-7157	1364	13	law	law	NOUN
cblr-7157	1364	14	review	review	NOUN
cblr-7157	1365	1	[	[	X
cblr-7157	1365	2	vol	vol	NOUN
cblr-7157	1365	3	.	.	PUNCT
cblr-7157	1365	4	2020	2020	NUM
cblr-7157	1365	5	court	court	NOUN
cblr-7157	1365	6	distanced	distance	VERB
cblr-7157	1365	7	itself	itself	PRON
cblr-7157	1365	8	from	from	ADP
cblr-7157	1365	9	the	the	DET
cblr-7157	1365	10	control	control	NOUN
cblr-7157	1365	11	-	-	PUNCT
cblr-7157	1365	12	contingent	contingent	ADJ
cblr-7157	1365	13	approach	approach	NOUN
cblr-7157	1365	14	in	in	ADP
cblr-7157	1365	15	trados.312	trados.312	NUM
cblr-7157	1365	16	the	the	DET
cblr-7157	1365	17	control	control	NOUN
cblr-7157	1365	18	contingent	contingent	NOUN
cblr-7157	1365	19	approach	approach	NOUN
cblr-7157	1365	20	often	often	ADV
cblr-7157	1365	21	reaches	reach	VERB
cblr-7157	1365	22	correct	correct	ADJ
cblr-7157	1365	23	results	result	NOUN
cblr-7157	1365	24	,	,	PUNCT
cblr-7157	1365	25	but	but	CCONJ
cblr-7157	1365	26	for	for	ADP
cblr-7157	1365	27	the	the	DET
cblr-7157	1365	28	wrong	wrong	ADJ
cblr-7157	1365	29	reasons	reason	NOUN
cblr-7157	1365	30	,	,	PUNCT
cblr-7157	1365	31	and	and	CCONJ
cblr-7157	1365	32	property	property	NOUN
cblr-7157	1365	33	theory	theory	NOUN
cblr-7157	1365	34	shows	show	VERB
cblr-7157	1365	35	why	why	SCONJ
cblr-7157	1365	36	.	.	PUNCT
cblr-7157	1366	1	when	when	SCONJ
cblr-7157	1366	2	preferred	preferred	ADJ
cblr-7157	1366	3	stockholders	stockholder	NOUN
cblr-7157	1366	4	are	be	AUX
cblr-7157	1366	5	in	in	ADP
cblr-7157	1366	6	control	control	NOUN
cblr-7157	1366	7	of	of	ADP
cblr-7157	1366	8	the	the	DET
cblr-7157	1366	9	corporation	corporation	NOUN
cblr-7157	1366	10	’s	’s	PART
cblr-7157	1366	11	voting	voting	NOUN
cblr-7157	1366	12	interests	interest	NOUN
cblr-7157	1366	13	,	,	PUNCT
cblr-7157	1366	14	especially	especially	ADV
cblr-7157	1366	15	when	when	SCONJ
cblr-7157	1366	16	they	they	PRON
cblr-7157	1366	17	are	be	AUX
cblr-7157	1366	18	in	in	ADP
cblr-7157	1366	19	control	control	NOUN
cblr-7157	1366	20	of	of	ADP
cblr-7157	1366	21	the	the	DET
cblr-7157	1366	22	vast	vast	ADJ
cblr-7157	1366	23	majority	majority	NOUN
cblr-7157	1366	24	of	of	ADP
cblr-7157	1366	25	the	the	DET
cblr-7157	1366	26	corporation	corporation	NOUN
cblr-7157	1366	27	’s	’s	PART
cblr-7157	1366	28	voting	voting	NOUN
cblr-7157	1366	29	interests	interest	NOUN
cblr-7157	1366	30	,	,	PUNCT
cblr-7157	1366	31	directors	director	NOUN
cblr-7157	1366	32	favoring	favor	VERB
cblr-7157	1366	33	the	the	DET
cblr-7157	1366	34	voting	voting	NOUN
cblr-7157	1366	35	interest	interest	NOUN
cblr-7157	1366	36	usually	usually	ADV
cblr-7157	1366	37	has	have	VERB
cblr-7157	1366	38	the	the	DET
cblr-7157	1366	39	effect	effect	NOUN
cblr-7157	1366	40	of	of	ADP
cblr-7157	1366	41	favoring	favor	VERB
cblr-7157	1366	42	the	the	DET
cblr-7157	1366	43	preferred	prefer	VERB
cblr-7157	1366	44	over	over	ADP
cblr-7157	1366	45	the	the	DET
cblr-7157	1366	46	common	common	NOUN
cblr-7157	1366	47	.	.	PUNCT
cblr-7157	1367	1	when	when	SCONJ
cblr-7157	1367	2	the	the	DET
cblr-7157	1367	3	preferred	preferred	NOUN
cblr-7157	1367	4	is	be	AUX
cblr-7157	1367	5	in	in	ADP
cblr-7157	1367	6	the	the	DET
cblr-7157	1367	7	minority	minority	NOUN
cblr-7157	1367	8	,	,	PUNCT
cblr-7157	1367	9	directors	director	NOUN
cblr-7157	1367	10	favoring	favor	VERB
cblr-7157	1367	11	the	the	DET
cblr-7157	1367	12	voting	voting	NOUN
cblr-7157	1367	13	interest	interest	NOUN
cblr-7157	1367	14	usually	usually	ADV
cblr-7157	1367	15	has	have	VERB
cblr-7157	1367	16	the	the	DET
cblr-7157	1367	17	effect	effect	NOUN
cblr-7157	1367	18	of	of	ADP
cblr-7157	1367	19	favoring	favor	VERB
cblr-7157	1367	20	common	common	ADJ
cblr-7157	1367	21	stockholders	stockholder	NOUN
cblr-7157	1367	22	over	over	ADP
cblr-7157	1367	23	preferred	preferred	ADJ
cblr-7157	1367	24	stockholders	stockholder	NOUN
cblr-7157	1367	25	.	.	PUNCT
cblr-7157	1368	1	thus	thus	ADV
cblr-7157	1368	2	,	,	PUNCT
cblr-7157	1368	3	the	the	DET
cblr-7157	1368	4	property	property	NOUN
cblr-7157	1368	5	approach	approach	NOUN
cblr-7157	1368	6	resolves	resolve	VERB
cblr-7157	1368	7	these	these	DET
cblr-7157	1368	8	otherwise	otherwise	ADV
cblr-7157	1368	9	bewildering	bewildering	ADJ
cblr-7157	1368	10	twists	twist	NOUN
cblr-7157	1368	11	and	and	CCONJ
cblr-7157	1368	12	turns	turn	VERB
cblr-7157	1368	13	without	without	ADP
cblr-7157	1368	14	the	the	DET
cblr-7157	1368	15	need	need	NOUN
cblr-7157	1368	16	to	to	PART
cblr-7157	1368	17	rely	rely	VERB
cblr-7157	1368	18	on	on	ADP
cblr-7157	1368	19	additional	additional	ADJ
cblr-7157	1368	20	sub	sub	NOUN
cblr-7157	1368	21	-	-	NOUN
cblr-7157	1368	22	rules	rule	NOUN
cblr-7157	1368	23	,	,	PUNCT
cblr-7157	1368	24	as	as	SCONJ
cblr-7157	1368	25	the	the	DET
cblr-7157	1368	26	control	control	NOUN
cblr-7157	1368	27	-	-	PUNCT
cblr-7157	1368	28	contingent	contingent	ADJ
cblr-7157	1368	29	approach	approach	NOUN
cblr-7157	1368	30	does	do	VERB
cblr-7157	1368	31	.	.	PUNCT
cblr-7157	1369	1	the	the	DET
cblr-7157	1369	2	property	property	NOUN
cblr-7157	1369	3	theory	theory	NOUN
cblr-7157	1369	4	also	also	ADV
cblr-7157	1369	5	explains	explain	VERB
cblr-7157	1369	6	why	why	SCONJ
cblr-7157	1369	7	the	the	DET
cblr-7157	1369	8	liquidation	liquidation	NOUN
cblr-7157	1369	9	preference	preference	NOUN
cblr-7157	1369	10	of	of	ADP
cblr-7157	1369	11	preferred	preferred	ADJ
cblr-7157	1369	12	stock	stock	NOUN
cblr-7157	1369	13	should	should	AUX
cblr-7157	1369	14	not	not	PART
cblr-7157	1369	15	receive	receive	VERB
cblr-7157	1369	16	special	special	ADJ
cblr-7157	1369	17	fiduciary	fiduciary	ADJ
cblr-7157	1369	18	protection	protection	NOUN
cblr-7157	1369	19	.	.	PUNCT
cblr-7157	1370	1	as	as	ADP
cblr-7157	1370	2	to	to	ADP
cblr-7157	1370	3	the	the	DET
cblr-7157	1370	4	liquidation	liquidation	NOUN
cblr-7157	1370	5	preference	preference	NOUN
cblr-7157	1370	6	,	,	PUNCT
cblr-7157	1370	7	the	the	DET
cblr-7157	1370	8	situation	situation	NOUN
cblr-7157	1370	9	of	of	ADP
cblr-7157	1370	10	preferred	preferred	ADJ
cblr-7157	1370	11	stockholders	stockholder	NOUN
cblr-7157	1370	12	in	in	ADP
cblr-7157	1370	13	many	many	ADJ
cblr-7157	1370	14	of	of	ADP
cblr-7157	1370	15	these	these	DET
cblr-7157	1370	16	circumstances	circumstance	NOUN
cblr-7157	1370	17	is	be	AUX
cblr-7157	1370	18	similar	similar	ADJ
cblr-7157	1370	19	to	to	ADP
cblr-7157	1370	20	that	that	PRON
cblr-7157	1370	21	of	of	ADP
cblr-7157	1370	22	debt	debt	NOUN
cblr-7157	1370	23	holders	holder	NOUN
cblr-7157	1370	24	in	in	ADP
cblr-7157	1370	25	insolvency	insolvency	NOUN
cblr-7157	1370	26	,	,	PUNCT
cblr-7157	1370	27	as	as	SCONJ
cblr-7157	1370	28	discussed	discuss	VERB
cblr-7157	1370	29	below.313	below.313	PROPN
cblr-7157	1370	30	when	when	SCONJ
cblr-7157	1370	31	the	the	DET
cblr-7157	1370	32	value	value	NOUN
cblr-7157	1370	33	of	of	ADP
cblr-7157	1370	34	a	a	DET
cblr-7157	1370	35	company	company	NOUN
cblr-7157	1370	36	is	be	AUX
cblr-7157	1370	37	less	less	ADJ
cblr-7157	1370	38	than	than	ADP
cblr-7157	1370	39	the	the	DET
cblr-7157	1370	40	liquidation	liquidation	NOUN
cblr-7157	1370	41	preference	preference	NOUN
cblr-7157	1370	42	of	of	ADP
cblr-7157	1370	43	its	its	PRON
cblr-7157	1370	44	preferred	preferred	ADJ
cblr-7157	1370	45	shares	share	NOUN
cblr-7157	1370	46	,	,	PUNCT
cblr-7157	1370	47	the	the	DET
cblr-7157	1370	48	preferred	preferred	ADJ
cblr-7157	1370	49	shares	share	NOUN
cblr-7157	1370	50	become	become	VERB
cblr-7157	1370	51	the	the	DET
cblr-7157	1370	52	de	de	X
cblr-7157	1370	53	facto	facto	X
cblr-7157	1370	54	residual	residual	ADJ
cblr-7157	1370	55	claimant	claimant	NOUN
cblr-7157	1370	56	of	of	ADP
cblr-7157	1370	57	the	the	DET
cblr-7157	1370	58	firm	firm	NOUN
cblr-7157	1370	59	.	.	PUNCT
cblr-7157	1371	1	yet	yet	CCONJ
cblr-7157	1371	2	delaware	delaware	PROPN
cblr-7157	1371	3	courts	court	NOUN
cblr-7157	1371	4	do	do	AUX
cblr-7157	1371	5	not	not	PART
cblr-7157	1371	6	analyze	analyze	VERB
cblr-7157	1371	7	the	the	DET
cblr-7157	1371	8	fiduciary	fiduciary	ADJ
cblr-7157	1371	9	duties	duty	NOUN
cblr-7157	1371	10	owed	owe	VERB
cblr-7157	1371	11	to	to	ADP
cblr-7157	1371	12	preferred	preferred	ADJ
cblr-7157	1371	13	stockholders	stockholder	NOUN
cblr-7157	1371	14	in	in	ADP
cblr-7157	1371	15	this	this	DET
cblr-7157	1371	16	way	way	NOUN
cblr-7157	1371	17	.	.	PUNCT
cblr-7157	1372	1	instead	instead	ADV
cblr-7157	1372	2	,	,	PUNCT
cblr-7157	1372	3	they	they	PRON
cblr-7157	1372	4	rely	rely	VERB
cblr-7157	1372	5	on	on	ADP
cblr-7157	1372	6	the	the	DET
cblr-7157	1372	7	contractual	contractual	ADJ
cblr-7157	1372	8	/	/	SYM
cblr-7157	1372	9	non	non	ADJ
cblr-7157	1372	10	-	-	ADJ
cblr-7157	1372	11	contractual	contractual	ADJ
cblr-7157	1372	12	dichotomy.314	dichotomy.314	ADJ
cblr-7157	1372	13	this	this	DET
cblr-7157	1372	14	approach	approach	NOUN
cblr-7157	1372	15	of	of	ADP
cblr-7157	1372	16	the	the	DET
cblr-7157	1372	17	delaware	delaware	PROPN
cblr-7157	1372	18	courts	court	NOUN
cblr-7157	1372	19	is	be	AUX
cblr-7157	1372	20	further	further	ADJ
cblr-7157	1372	21	evidence	evidence	NOUN
cblr-7157	1372	22	that	that	SCONJ
cblr-7157	1372	23	the	the	DET
cblr-7157	1372	24	de	de	X
cblr-7157	1372	25	facto	facto	X
cblr-7157	1372	26	residual	residual	ADJ
cblr-7157	1372	27	claimant	claimant	NOUN
cblr-7157	1372	28	approach	approach	NOUN
cblr-7157	1372	29	is	be	AUX
cblr-7157	1372	30	not	not	PART
cblr-7157	1372	31	the	the	DET
cblr-7157	1372	32	right	right	ADJ
cblr-7157	1372	33	one	one	NUM
cblr-7157	1372	34	from	from	ADP
cblr-7157	1372	35	a	a	DET
cblr-7157	1372	36	legal	legal	ADJ
cblr-7157	1372	37	perspective	perspective	NOUN
cblr-7157	1372	38	.	.	PUNCT
cblr-7157	1373	1	c.	c.	PROPN
cblr-7157	1373	2	dual	dual	ADJ
cblr-7157	1373	3	-	-	PUNCT
cblr-7157	1373	4	class	class	NOUN
cblr-7157	1373	5	stock	stock	NOUN
cblr-7157	1373	6	and	and	CCONJ
cblr-7157	1373	7	other	other	ADJ
cblr-7157	1373	8	non	non	ADJ
cblr-7157	1373	9	-	-	ADJ
cblr-7157	1373	10	standard	standard	ADJ
cblr-7157	1373	11	capital	capital	NOUN
cblr-7157	1373	12	structures	structure	NOUN
cblr-7157	1373	13	the	the	DET
cblr-7157	1373	14	previous	previous	ADJ
cblr-7157	1373	15	section	section	NOUN
cblr-7157	1373	16	leads	lead	VERB
cblr-7157	1373	17	naturally	naturally	ADV
cblr-7157	1373	18	into	into	ADP
cblr-7157	1373	19	a	a	DET
cblr-7157	1373	20	discussion	discussion	NOUN
cblr-7157	1373	21	of	of	ADP
cblr-7157	1373	22	the	the	DET
cblr-7157	1373	23	treatment	treatment	NOUN
cblr-7157	1373	24	of	of	ADP
cblr-7157	1373	25	dual	dual	ADJ
cblr-7157	1373	26	-	-	PUNCT
cblr-7157	1373	27	class	class	NOUN
cblr-7157	1373	28	stock	stock	NOUN
cblr-7157	1373	29	.	.	PUNCT
cblr-7157	1374	1	the	the	DET
cblr-7157	1374	2	question	question	NOUN
cblr-7157	1374	3	of	of	ADP
cblr-7157	1374	4	dual	dual	ADJ
cblr-7157	1374	5	-	-	PUNCT
cblr-7157	1374	6	class	class	NOUN
cblr-7157	1374	7	stock	stock	NOUN
cblr-7157	1374	8	with	with	ADP
cblr-7157	1374	9	differential	differential	ADJ
cblr-7157	1374	10	voting	voting	NOUN
cblr-7157	1374	11	rights	right	NOUN
cblr-7157	1374	12	has	have	AUX
cblr-7157	1374	13	posed	pose	VERB
cblr-7157	1374	14	a	a	DET
cblr-7157	1374	15	problem	problem	NOUN
cblr-7157	1374	16	in	in	ADP
cblr-7157	1374	17	312	312	NUM
cblr-7157	1374	18	in	in	ADP
cblr-7157	1374	19	re	re	PROPN
cblr-7157	1374	20	trados	trados	PROPN
cblr-7157	1374	21	inc	inc	PROPN
cblr-7157	1374	22	.	.	PROPN
cblr-7157	1374	23	,	,	PUNCT
cblr-7157	1374	24	73	73	NUM
cblr-7157	1374	25	a.3d	a.3d	X
cblr-7157	1374	26	at	at	ADP
cblr-7157	1374	27	42	42	NUM
cblr-7157	1374	28	n.16	n.16	PROPN
cblr-7157	1374	29	.	.	PUNCT
cblr-7157	1375	1	there	there	ADV
cblr-7157	1375	2	,	,	PUNCT
cblr-7157	1375	3	speaking	speak	VERB
cblr-7157	1375	4	for	for	ADP
cblr-7157	1375	5	the	the	DET
cblr-7157	1375	6	court	court	NOUN
cblr-7157	1375	7	,	,	PUNCT
cblr-7157	1375	8	vice	vice	NOUN
cblr-7157	1375	9	chancellor	chancellor	PROPN
cblr-7157	1375	10	laster	laster	PROPN
cblr-7157	1375	11	stated	state	VERB
cblr-7157	1375	12	that	that	SCONJ
cblr-7157	1375	13	“	"	PUNCT
cblr-7157	1375	14	[	[	X
cblr-7157	1375	15	t]he	t]he	ADV
cblr-7157	1375	16	control	control	NOUN
cblr-7157	1375	17	-	-	PUNCT
cblr-7157	1375	18	contingent	contingent	ADJ
cblr-7157	1375	19	interpretation	interpretation	NOUN
cblr-7157	1375	20	does	do	AUX
cblr-7157	1375	21	not	not	PART
cblr-7157	1375	22	comport	comport	VERB
cblr-7157	1375	23	with	with	ADP
cblr-7157	1375	24	how	how	SCONJ
cblr-7157	1375	25	i	i	PRON
cblr-7157	1375	26	understand	understand	VERB
cblr-7157	1375	27	the	the	DET
cblr-7157	1375	28	role	role	NOUN
cblr-7157	1375	29	of	of	ADP
cblr-7157	1375	30	fiduciary	fiduciary	ADJ
cblr-7157	1375	31	duties	duty	NOUN
cblr-7157	1375	32	.	.	PUNCT
cblr-7157	1375	33	”	"	PUNCT
cblr-7157	1376	1	i	i	PRON
cblr-7157	1376	2	d.	d.	PROPN
cblr-7157	1376	3	313	313	NUM
cblr-7157	1376	4	see	see	VERB
cblr-7157	1376	5	infra	infra	NOUN
cblr-7157	1376	6	section	section	NOUN
cblr-7157	1376	7	v.b	v.b	PROPN
cblr-7157	1376	8	.	.	PROPN
cblr-7157	1376	9	314	314	NUM
cblr-7157	1376	10	see	see	VERB
cblr-7157	1376	11	,	,	PUNCT
cblr-7157	1376	12	e.g.	e.g.	ADV
cblr-7157	1376	13	,	,	PUNCT
cblr-7157	1376	14	in	in	ADP
cblr-7157	1376	15	re	re	PROPN
cblr-7157	1376	16	trados	trados	PROPN
cblr-7157	1376	17	inc	inc	PROPN
cblr-7157	1376	18	.	.	PROPN
cblr-7157	1376	19	,	,	PUNCT
cblr-7157	1376	20	73	73	NUM
cblr-7157	1376	21	a.3d	a.3d	X
cblr-7157	1376	22	at	at	ADP
cblr-7157	1376	23	39–40	39–40	NUM
cblr-7157	1376	24	.	.	PUNCT
cblr-7157	1377	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1377	2	(	(	PUNCT
cblr-7157	1377	3	do	do	AUX
cblr-7157	1377	4	not	not	PART
cblr-7157	1377	5	delete	delete	VERB
cblr-7157	1377	6	)	)	PUNCT
cblr-7157	1377	7	10/2/2020	10/2/2020	NUM
cblr-7157	1377	8	11:44	11:44	NUM
cblr-7157	1377	9	am	be	AUX
cblr-7157	1377	10	no	no	NOUN
cblr-7157	1377	11	.	.	PUNCT
cblr-7157	1377	12	1:1	1:1	NUM
cblr-7157	1377	13	]	]	X
cblr-7157	1377	14	a	a	DET
cblr-7157	1377	15	property	property	NOUN
cblr-7157	1377	16	theory	theory	NOUN
cblr-7157	1377	17	91	91	NUM
cblr-7157	1377	18	corporate	corporate	ADJ
cblr-7157	1377	19	law	law	NOUN
cblr-7157	1377	20	for	for	ADP
cblr-7157	1377	21	decades	decade	NOUN
cblr-7157	1377	22	.	.	PUNCT
cblr-7157	1378	1	the	the	DET
cblr-7157	1378	2	debate	debate	NOUN
cblr-7157	1378	3	has	have	AUX
cblr-7157	1378	4	become	become	VERB
cblr-7157	1378	5	more	more	ADJ
cblr-7157	1378	6	salient	salient	NOUN
cblr-7157	1378	7	recently	recently	ADV
cblr-7157	1378	8	with	with	ADP
cblr-7157	1378	9	some	some	PRON
cblr-7157	1378	10	of	of	ADP
cblr-7157	1378	11	the	the	DET
cblr-7157	1378	12	largest	large	ADJ
cblr-7157	1378	13	technology	technology	NOUN
cblr-7157	1378	14	companies	company	NOUN
cblr-7157	1378	15	in	in	ADP
cblr-7157	1378	16	the	the	DET
cblr-7157	1378	17	world	world	NOUN
cblr-7157	1378	18	adopting	adopt	VERB
cblr-7157	1378	19	these	these	DET
cblr-7157	1378	20	structures	structure	NOUN
cblr-7157	1378	21	,	,	PUNCT
cblr-7157	1378	22	which	which	PRON
cblr-7157	1378	23	effectively	effectively	ADV
cblr-7157	1378	24	make	make	VERB
cblr-7157	1378	25	control	control	NOUN
cblr-7157	1378	26	uncontestable,315	uncontestable,315	PROPN
cblr-7157	1378	27	and	and	CCONJ
cblr-7157	1378	28	in	in	ADP
cblr-7157	1378	29	some	some	DET
cblr-7157	1378	30	cases	case	NOUN
cblr-7157	1378	31	limit	limit	VERB
cblr-7157	1378	32	public	public	ADJ
cblr-7157	1378	33	sales	sale	NOUN
cblr-7157	1378	34	to	to	ADP
cblr-7157	1378	35	only	only	ADV
cblr-7157	1378	36	non	non	ADJ
cblr-7157	1378	37	-	-	ADJ
cblr-7157	1378	38	voting	voting	ADJ
cblr-7157	1378	39	stock.316	stock.316	NOUN
cblr-7157	1378	40	there	there	PRON
cblr-7157	1378	41	is	be	VERB
cblr-7157	1378	42	a	a	DET
cblr-7157	1378	43	debate	debate	NOUN
cblr-7157	1378	44	over	over	ADP
cblr-7157	1378	45	the	the	DET
cblr-7157	1378	46	desirability	desirability	NOUN
cblr-7157	1378	47	of	of	ADP
cblr-7157	1378	48	such	such	ADJ
cblr-7157	1378	49	structures	structure	NOUN
cblr-7157	1378	50	.	.	PUNCT
cblr-7157	1379	1	some	some	DET
cblr-7157	1379	2	scholars	scholar	NOUN
cblr-7157	1379	3	have	have	AUX
cblr-7157	1379	4	recently	recently	ADV
cblr-7157	1379	5	argued	argue	VERB
cblr-7157	1379	6	dual	dual	ADJ
cblr-7157	1379	7	-	-	PUNCT
cblr-7157	1379	8	class	class	NOUN
cblr-7157	1379	9	structures	structure	NOUN
cblr-7157	1379	10	or	or	CCONJ
cblr-7157	1379	11	even	even	ADV
cblr-7157	1379	12	non	non	ADJ
cblr-7157	1379	13	-	-	ADJ
cblr-7157	1379	14	voting	voting	ADJ
cblr-7157	1379	15	shares	share	NOUN
cblr-7157	1379	16	may	may	AUX
cblr-7157	1379	17	promote	promote	VERB
cblr-7157	1379	18	efficiency.317	efficiency.317	NOUN
cblr-7157	1379	19	in	in	ADP
cblr-7157	1379	20	many	many	ADJ
cblr-7157	1379	21	cases	case	NOUN
cblr-7157	1379	22	,	,	PUNCT
cblr-7157	1379	23	the	the	DET
cblr-7157	1379	24	motivation	motivation	NOUN
cblr-7157	1379	25	ascribed	ascribe	VERB
cblr-7157	1379	26	to	to	ADP
cblr-7157	1379	27	the	the	DET
cblr-7157	1379	28	controller	controller	NOUN
cblr-7157	1379	29	relates	relate	VERB
cblr-7157	1379	30	to	to	ADP
cblr-7157	1379	31	the	the	DET
cblr-7157	1379	32	private	private	ADJ
cblr-7157	1379	33	benefits	benefit	NOUN
cblr-7157	1379	34	of	of	ADP
cblr-7157	1379	35	control	control	NOUN
cblr-7157	1379	36	,	,	PUNCT
cblr-7157	1379	37	in	in	ADP
cblr-7157	1379	38	which	which	PRON
cblr-7157	1379	39	the	the	DET
cblr-7157	1379	40	controller	controller	NOUN
cblr-7157	1379	41	seeks	seek	VERB
cblr-7157	1379	42	to	to	PART
cblr-7157	1379	43	take	take	VERB
cblr-7157	1379	44	a	a	DET
cblr-7157	1379	45	disproportionate	disproportionate	ADJ
cblr-7157	1379	46	share	share	NOUN
cblr-7157	1379	47	of	of	ADP
cblr-7157	1379	48	the	the	DET
cblr-7157	1379	49	value	value	NOUN
cblr-7157	1379	50	of	of	ADP
cblr-7157	1379	51	the	the	DET
cblr-7157	1379	52	company.318	company.318	ADV
cblr-7157	1379	53	but	but	CCONJ
cblr-7157	1379	54	such	such	DET
cblr-7157	1379	55	a	a	DET
cblr-7157	1379	56	motivation	motivation	NOUN
cblr-7157	1379	57	held	hold	VERB
cblr-7157	1379	58	by	by	ADP
cblr-7157	1379	59	the	the	DET
cblr-7157	1379	60	controller	controller	NOUN
cblr-7157	1379	61	of	of	ADP
cblr-7157	1379	62	the	the	DET
cblr-7157	1379	63	corporation	corporation	NOUN
cblr-7157	1379	64	exposes	expose	VERB
cblr-7157	1379	65	public	public	ADJ
cblr-7157	1379	66	shareholders	shareholder	NOUN
cblr-7157	1379	67	to	to	ADP
cblr-7157	1379	68	the	the	DET
cblr-7157	1379	69	risk	risk	NOUN
cblr-7157	1379	70	of	of	ADP
cblr-7157	1379	71	increased	increase	VERB
cblr-7157	1379	72	agency	agency	NOUN
cblr-7157	1379	73	costs.319	costs.319	VERB
cblr-7157	1379	74	the	the	DET
cblr-7157	1379	75	property	property	NOUN
cblr-7157	1379	76	theory	theory	NOUN
cblr-7157	1379	77	resolves	resolve	VERB
cblr-7157	1379	78	potential	potential	ADJ
cblr-7157	1379	79	tensions	tension	NOUN
cblr-7157	1379	80	associated	associate	VERB
cblr-7157	1379	81	with	with	ADP
cblr-7157	1379	82	fiduciary	fiduciary	ADJ
cblr-7157	1379	83	duties	duty	NOUN
cblr-7157	1379	84	readily	readily	ADV
cblr-7157	1379	85	,	,	PUNCT
cblr-7157	1379	86	to	to	ADP
cblr-7157	1379	87	the	the	DET
cblr-7157	1379	88	extent	extent	NOUN
cblr-7157	1379	89	there	there	PRON
cblr-7157	1379	90	are	be	VERB
cblr-7157	1379	91	conflicts	conflict	NOUN
cblr-7157	1379	92	(	(	PUNCT
cblr-7157	1379	93	which	which	PRON
cblr-7157	1379	94	in	in	ADP
cblr-7157	1379	95	most	most	ADJ
cblr-7157	1379	96	cases	case	NOUN
cblr-7157	1379	97	there	there	PRON
cblr-7157	1379	98	are	be	VERB
cblr-7157	1379	99	not	not	PART
cblr-7157	1379	100	)	)	PUNCT
cblr-7157	1379	101	.	.	PUNCT
cblr-7157	1380	1	first	first	ADV
cblr-7157	1380	2	,	,	PUNCT
cblr-7157	1380	3	the	the	DET
cblr-7157	1380	4	property	property	NOUN
cblr-7157	1380	5	interest	interest	NOUN
cblr-7157	1380	6	in	in	ADP
cblr-7157	1380	7	the	the	DET
cblr-7157	1380	8	corporation	corporation	NOUN
cblr-7157	1380	9	attaches	attach	VERB
cblr-7157	1380	10	to	to	ADP
cblr-7157	1380	11	a	a	DET
cblr-7157	1380	12	corporation	corporation	NOUN
cblr-7157	1380	13	’s	’s	PART
cblr-7157	1380	14	voting	voting	NOUN
cblr-7157	1380	15	shares	share	NOUN
cblr-7157	1380	16	.	.	PUNCT
cblr-7157	1381	1	the	the	DET
cblr-7157	1381	2	analysis	analysis	NOUN
cblr-7157	1381	3	in	in	ADP
cblr-7157	1381	4	this	this	DET
cblr-7157	1381	5	article	article	NOUN
cblr-7157	1381	6	implies	imply	VERB
cblr-7157	1381	7	that	that	SCONJ
cblr-7157	1381	8	voting	voting	NOUN
cblr-7157	1381	9	interests	interest	NOUN
cblr-7157	1381	10	are	be	AUX
cblr-7157	1381	11	therefore	therefore	ADV
cblr-7157	1381	12	the	the	DET
cblr-7157	1381	13	primary	primary	ADJ
cblr-7157	1381	14	beneficiaries	beneficiary	NOUN
cblr-7157	1381	15	of	of	ADP
cblr-7157	1381	16	fiduciary	fiduciary	ADJ
cblr-7157	1381	17	duties	duty	NOUN
cblr-7157	1381	18	,	,	PUNCT
cblr-7157	1381	19	to	to	ADP
cblr-7157	1381	20	the	the	DET
cblr-7157	1381	21	extent	extent	NOUN
cblr-7157	1381	22	that	that	SCONJ
cblr-7157	1381	23	there	there	PRON
cblr-7157	1381	24	is	be	VERB
cblr-7157	1381	25	a	a	DET
cblr-7157	1381	26	conflict	conflict	NOUN
cblr-7157	1381	27	with	with	ADP
cblr-7157	1381	28	non	non	ADJ
cblr-7157	1381	29	-	-	ADJ
cblr-7157	1381	30	voting	vote	VERB
cblr-7157	1381	31	315	315	NUM
cblr-7157	1381	32	goshen	goshen	PROPN
cblr-7157	1381	33	&	&	CCONJ
cblr-7157	1381	34	hamdani	hamdani	PROPN
cblr-7157	1381	35	,	,	PUNCT
cblr-7157	1381	36	supra	supra	PROPN
cblr-7157	1381	37	note	note	NOUN
cblr-7157	1381	38	174	174	NUM
cblr-7157	1381	39	,	,	PUNCT
cblr-7157	1381	40	at	at	ADP
cblr-7157	1381	41	590	590	NUM
cblr-7157	1381	42	(	(	PUNCT
cblr-7157	1381	43	noting	note	VERB
cblr-7157	1381	44	that	that	SCONJ
cblr-7157	1381	45	facebook	facebook	NOUN
cblr-7157	1381	46	,	,	PUNCT
cblr-7157	1381	47	google	google	NOUN
cblr-7157	1381	48	,	,	PUNCT
cblr-7157	1381	49	and	and	CCONJ
cblr-7157	1381	50	many	many	ADJ
cblr-7157	1381	51	others	other	NOUN
cblr-7157	1381	52	have	have	AUX
cblr-7157	1381	53	created	create	VERB
cblr-7157	1381	54	dual	dual	ADJ
cblr-7157	1381	55	-	-	PUNCT
cblr-7157	1381	56	class	class	NOUN
cblr-7157	1381	57	structures	structure	NOUN
cblr-7157	1381	58	that	that	PRON
cblr-7157	1381	59	effectively	effectively	ADV
cblr-7157	1381	60	deprive	deprive	VERB
cblr-7157	1381	61	public	public	ADJ
cblr-7157	1381	62	investors	investor	NOUN
cblr-7157	1381	63	of	of	ADP
cblr-7157	1381	64	meaningful	meaningful	ADJ
cblr-7157	1381	65	control	control	NOUN
cblr-7157	1381	66	)	)	PUNCT
cblr-7157	1381	67	.	.	PUNCT
cblr-7157	1382	1	316	316	NUM
cblr-7157	1382	2	see	see	VERB
cblr-7157	1382	3	dorothy	dorothy	PROPN
cblr-7157	1382	4	s.	s.	PROPN
cblr-7157	1382	5	lund	lund	PROPN
cblr-7157	1382	6	,	,	PUNCT
cblr-7157	1382	7	nonvoting	nonvoting	ADJ
cblr-7157	1382	8	shares	share	NOUN
cblr-7157	1382	9	and	and	CCONJ
cblr-7157	1382	10	efficient	efficient	ADJ
cblr-7157	1382	11	corporate	corporate	ADJ
cblr-7157	1382	12	governance	governance	NOUN
cblr-7157	1382	13	,	,	PUNCT
cblr-7157	1382	14	71	71	NUM
cblr-7157	1382	15	stan	stan	NOUN
cblr-7157	1382	16	.	.	PUNCT
cblr-7157	1383	1	l.	l.	PROPN
cblr-7157	1383	2	rev	rev	PROPN
cblr-7157	1383	3	.	.	PROPN
cblr-7157	1383	4	687	687	NUM
cblr-7157	1383	5	,	,	PUNCT
cblr-7157	1383	6	690	690	NUM
cblr-7157	1383	7	(	(	PUNCT
cblr-7157	1383	8	2019	2019	NUM
cblr-7157	1383	9	)	)	PUNCT
cblr-7157	1383	10	(	(	PUNCT
cblr-7157	1383	11	noting	note	VERB
cblr-7157	1383	12	that	that	SCONJ
cblr-7157	1383	13	snap	snap	PROPN
cblr-7157	1383	14	,	,	PUNCT
cblr-7157	1383	15	inc	inc	PROPN
cblr-7157	1383	16	.	.	PROPN
cblr-7157	1383	17	was	be	AUX
cblr-7157	1383	18	the	the	DET
cblr-7157	1383	19	first	first	ADJ
cblr-7157	1383	20	company	company	NOUN
cblr-7157	1383	21	to	to	PART
cblr-7157	1383	22	conduct	conduct	VERB
cblr-7157	1383	23	an	an	DET
cblr-7157	1383	24	ipo	ipo	NOUN
cblr-7157	1383	25	selling	sell	VERB
cblr-7157	1383	26	only	only	ADV
cblr-7157	1383	27	non	non	ADJ
cblr-7157	1383	28	-	-	ADJ
cblr-7157	1383	29	voting	voting	ADJ
cblr-7157	1383	30	stock	stock	NOUN
cblr-7157	1383	31	to	to	ADP
cblr-7157	1383	32	the	the	DET
cblr-7157	1383	33	public	public	NOUN
cblr-7157	1383	34	)	)	PUNCT
cblr-7157	1383	35	.	.	PUNCT
cblr-7157	1384	1	317	317	NUM
cblr-7157	1384	2	see	see	VERB
cblr-7157	1384	3	,	,	PUNCT
cblr-7157	1384	4	e.g.	e.g.	ADV
cblr-7157	1384	5	,	,	PUNCT
cblr-7157	1384	6	goshen	goshen	PROPN
cblr-7157	1384	7	&	&	CCONJ
cblr-7157	1384	8	hamdani	hamdani	PROPN
cblr-7157	1384	9	,	,	PUNCT
cblr-7157	1384	10	supra	supra	PROPN
cblr-7157	1384	11	note	note	NOUN
cblr-7157	1384	12	174	174	NUM
cblr-7157	1384	13	,	,	PUNCT
cblr-7157	1384	14	at	at	ADP
cblr-7157	1384	15	576–93	576–93	NUM
cblr-7157	1384	16	(	(	PUNCT
cblr-7157	1384	17	arguing	argue	VERB
cblr-7157	1384	18	that	that	SCONJ
cblr-7157	1384	19	dual	dual	ADJ
cblr-7157	1384	20	-	-	PUNCT
cblr-7157	1384	21	class	class	NOUN
cblr-7157	1384	22	stock	stock	NOUN
cblr-7157	1384	23	may	may	AUX
cblr-7157	1384	24	help	help	VERB
cblr-7157	1384	25	to	to	PART
cblr-7157	1384	26	preserve	preserve	VERB
cblr-7157	1384	27	an	an	DET
cblr-7157	1384	28	entrepreneur	entrepreneur	NOUN
cblr-7157	1384	29	’s	’s	PART
cblr-7157	1384	30	“	"	PUNCT
cblr-7157	1384	31	idiosyncratic	idiosyncratic	ADJ
cblr-7157	1384	32	vision	vision	NOUN
cblr-7157	1384	33	”	"	PUNCT
cblr-7157	1384	34	to	to	PART
cblr-7157	1384	35	achieve	achieve	VERB
cblr-7157	1384	36	above	above	ADP
cblr-7157	1384	37	-	-	PUNCT
cblr-7157	1384	38	market	market	NOUN
cblr-7157	1384	39	returns	return	NOUN
cblr-7157	1384	40	)	)	PUNCT
cblr-7157	1384	41	;	;	PUNCT
cblr-7157	1384	42	lund	lund	PROPN
cblr-7157	1384	43	,	,	PUNCT
cblr-7157	1384	44	supra	supra	PROPN
cblr-7157	1384	45	note	note	PROPN
cblr-7157	1384	46	316	316	NUM
cblr-7157	1384	47	,	,	PUNCT
cblr-7157	1384	48	at	at	ADP
cblr-7157	1384	49	693	693	NUM
cblr-7157	1384	50	n.26	n.26	NOUN
cblr-7157	1384	51	(	(	PUNCT
cblr-7157	1384	52	arguing	argue	VERB
cblr-7157	1384	53	that	that	SCONJ
cblr-7157	1384	54	non	non	ADJ
cblr-7157	1384	55	-	-	ADJ
cblr-7157	1384	56	voting	voting	ADJ
cblr-7157	1384	57	shares	share	NOUN
cblr-7157	1384	58	can	can	AUX
cblr-7157	1384	59	make	make	VERB
cblr-7157	1384	60	corporate	corporate	ADJ
cblr-7157	1384	61	governance	governance	NOUN
cblr-7157	1384	62	more	more	ADV
cblr-7157	1384	63	efficient	efficient	ADJ
cblr-7157	1384	64	by	by	ADP
cblr-7157	1384	65	allocating	allocate	VERB
cblr-7157	1384	66	votes	vote	NOUN
cblr-7157	1384	67	to	to	ADP
cblr-7157	1384	68	those	those	PRON
cblr-7157	1384	69	who	who	PRON
cblr-7157	1384	70	value	value	VERB
cblr-7157	1384	71	them	they	PRON
cblr-7157	1384	72	the	the	DET
cblr-7157	1384	73	most	most	ADJ
cblr-7157	1384	74	)	)	PUNCT
cblr-7157	1384	75	.	.	PUNCT
cblr-7157	1385	1	318	318	NUM
cblr-7157	1385	2	see	see	VERB
cblr-7157	1385	3	goshen	goshen	PROPN
cblr-7157	1385	4	&	&	CCONJ
cblr-7157	1385	5	hamdani	hamdani	PROPN
cblr-7157	1385	6	,	,	PUNCT
cblr-7157	1385	7	supra	supra	PROPN
cblr-7157	1385	8	note	note	NOUN
cblr-7157	1385	9	174	174	NUM
cblr-7157	1385	10	,	,	PUNCT
cblr-7157	1385	11	at	at	ADP
cblr-7157	1385	12	565	565	NUM
cblr-7157	1385	13	.	.	PUNCT
cblr-7157	1386	1	a	a	DET
cblr-7157	1386	2	more	more	ADV
cblr-7157	1386	3	ambivalent	ambivalent	ADJ
cblr-7157	1386	4	version	version	NOUN
cblr-7157	1386	5	of	of	ADP
cblr-7157	1386	6	the	the	DET
cblr-7157	1386	7	private	private	ADJ
cblr-7157	1386	8	benefits	benefit	NOUN
cblr-7157	1386	9	of	of	ADP
cblr-7157	1386	10	control	control	NOUN
cblr-7157	1386	11	theory	theory	NOUN
cblr-7157	1386	12	is	be	AUX
cblr-7157	1386	13	that	that	SCONJ
cblr-7157	1386	14	the	the	DET
cblr-7157	1386	15	private	private	ADJ
cblr-7157	1386	16	benefits	benefit	NOUN
cblr-7157	1386	17	are	be	AUX
cblr-7157	1386	18	a	a	DET
cblr-7157	1386	19	form	form	NOUN
cblr-7157	1386	20	of	of	ADP
cblr-7157	1386	21	compensation	compensation	NOUN
cblr-7157	1386	22	for	for	ADP
cblr-7157	1386	23	the	the	DET
cblr-7157	1386	24	monitoring	monitoring	NOUN
cblr-7157	1386	25	function	function	NOUN
cblr-7157	1386	26	performed	perform	VERB
cblr-7157	1386	27	by	by	ADP
cblr-7157	1386	28	the	the	DET
cblr-7157	1386	29	controlling	control	VERB
cblr-7157	1386	30	shareholder	shareholder	NOUN
cblr-7157	1386	31	,	,	PUNCT
cblr-7157	1386	32	and	and	CCONJ
cblr-7157	1386	33	therefore	therefore	ADV
cblr-7157	1386	34	are	be	AUX
cblr-7157	1386	35	not	not	PART
cblr-7157	1386	36	unambiguously	unambiguously	ADV
cblr-7157	1386	37	bad	bad	ADJ
cblr-7157	1386	38	.	.	PUNCT
cblr-7157	1387	1	see	see	VERB
cblr-7157	1387	2	i	i	PROPN
cblr-7157	1387	3	d.	d.	PROPN
cblr-7157	1387	4	goshen	goshen	PROPN
cblr-7157	1387	5	and	and	CCONJ
cblr-7157	1387	6	hamdani	hamdani	NOUN
cblr-7157	1387	7	hypothesize	hypothesize	VERB
cblr-7157	1387	8	an	an	DET
cblr-7157	1387	9	alternative	alternative	ADJ
cblr-7157	1387	10	reason	reason	NOUN
cblr-7157	1387	11	for	for	ADP
cblr-7157	1387	12	corporate	corporate	ADJ
cblr-7157	1387	13	control	control	NOUN
cblr-7157	1387	14	that	that	PRON
cblr-7157	1387	15	does	do	AUX
cblr-7157	1387	16	not	not	PART
cblr-7157	1387	17	rely	rely	VERB
cblr-7157	1387	18	on	on	ADP
cblr-7157	1387	19	private	private	ADJ
cblr-7157	1387	20	benefits	benefit	NOUN
cblr-7157	1387	21	—	—	PUNCT
cblr-7157	1387	22	that	that	DET
cblr-7157	1387	23	corporate	corporate	ADJ
cblr-7157	1387	24	control	control	NOUN
cblr-7157	1387	25	allows	allow	VERB
cblr-7157	1387	26	the	the	DET
cblr-7157	1387	27	entrepreneur	entrepreneur	NOUN
cblr-7157	1387	28	to	to	PART
cblr-7157	1387	29	pursue	pursue	VERB
cblr-7157	1387	30	his	his	PRON
cblr-7157	1387	31	or	or	CCONJ
cblr-7157	1387	32	her	her	PRON
cblr-7157	1387	33	“	"	PUNCT
cblr-7157	1387	34	idiosyncratic	idiosyncratic	ADJ
cblr-7157	1387	35	vision	vision	NOUN
cblr-7157	1387	36	”	"	PUNCT
cblr-7157	1387	37	aimed	aim	VERB
cblr-7157	1387	38	at	at	ADP
cblr-7157	1387	39	producing	produce	VERB
cblr-7157	1387	40	above	above	ADP
cblr-7157	1387	41	-	-	PUNCT
cblr-7157	1387	42	market	market	NOUN
cblr-7157	1387	43	returns	return	NOUN
cblr-7157	1387	44	.	.	PUNCT
cblr-7157	1388	1	see	see	VERB
cblr-7157	1388	2	i	i	PRON
cblr-7157	1388	3	d.	d.	PROPN
cblr-7157	1388	4	at	at	ADP
cblr-7157	1388	5	577–78	577–78	NUM
cblr-7157	1388	6	.	.	PUNCT
cblr-7157	1389	1	319	319	NUM
cblr-7157	1389	2	see	see	VERB
cblr-7157	1389	3	i	i	PRON
cblr-7157	1389	4	d.	d.	PROPN
cblr-7157	1389	5	at	at	ADP
cblr-7157	1389	6	590–91	590–91	NUM
cblr-7157	1389	7	.	.	PUNCT
cblr-7157	1390	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1390	2	(	(	PUNCT
cblr-7157	1390	3	do	do	AUX
cblr-7157	1390	4	not	not	PART
cblr-7157	1390	5	delte	delte	VERB
cblr-7157	1390	6	)	)	PUNCT
cblr-7157	1390	7	10/2/2020	10/2/2020	NUM
cblr-7157	1390	8	11:44	11:44	NUM
cblr-7157	1390	9	am	be	AUX
cblr-7157	1390	10	92	92	NUM
cblr-7157	1390	11	columbia	columbia	PROPN
cblr-7157	1390	12	business	business	NOUN
cblr-7157	1390	13	law	law	NOUN
cblr-7157	1390	14	review	review	NOUN
cblr-7157	1390	15	[	[	X
cblr-7157	1390	16	vol	vol	NOUN
cblr-7157	1390	17	.	.	PUNCT
cblr-7157	1390	18	2020	2020	NUM
cblr-7157	1391	1	interests	interest	NOUN
cblr-7157	1391	2	.	.	PUNCT
cblr-7157	1392	1	when	when	SCONJ
cblr-7157	1392	2	a	a	DET
cblr-7157	1392	3	class	class	NOUN
cblr-7157	1392	4	of	of	ADP
cblr-7157	1392	5	non	non	ADJ
cblr-7157	1392	6	-	-	ADJ
cblr-7157	1392	7	voting	voting	ADJ
cblr-7157	1392	8	stock	stock	NOUN
cblr-7157	1392	9	is	be	AUX
cblr-7157	1392	10	created	create	VERB
cblr-7157	1392	11	with	with	ADP
cblr-7157	1392	12	economic	economic	ADJ
cblr-7157	1392	13	rights	right	NOUN
cblr-7157	1392	14	identical	identical	ADJ
cblr-7157	1392	15	to	to	ADP
cblr-7157	1392	16	those	those	PRON
cblr-7157	1392	17	of	of	ADP
cblr-7157	1392	18	common	common	ADJ
cblr-7157	1392	19	stock	stock	NOUN
cblr-7157	1392	20	,	,	PUNCT
cblr-7157	1392	21	delaware	delaware	PROPN
cblr-7157	1392	22	courts	court	NOUN
cblr-7157	1392	23	have	have	AUX
cblr-7157	1392	24	held	hold	VERB
cblr-7157	1392	25	that	that	SCONJ
cblr-7157	1392	26	,	,	PUNCT
cblr-7157	1392	27	as	as	ADP
cblr-7157	1392	28	a	a	DET
cblr-7157	1392	29	general	general	ADJ
cblr-7157	1392	30	matter	matter	NOUN
cblr-7157	1392	31	,	,	PUNCT
cblr-7157	1392	32	the	the	DET
cblr-7157	1392	33	non	non	ADJ
cblr-7157	1392	34	-	-	ADJ
cblr-7157	1392	35	voting	voting	ADJ
cblr-7157	1392	36	class	class	NOUN
cblr-7157	1392	37	is	be	AUX
cblr-7157	1392	38	entitled	entitle	VERB
cblr-7157	1392	39	to	to	ADP
cblr-7157	1392	40	fiduciary	fiduciary	ADJ
cblr-7157	1392	41	duties.320	duties.320	NOUN
cblr-7157	1392	42	rather	rather	ADV
cblr-7157	1392	43	than	than	ADP
cblr-7157	1392	44	viewing	view	VERB
cblr-7157	1392	45	these	these	DET
cblr-7157	1392	46	rights	right	NOUN
cblr-7157	1392	47	as	as	ADP
cblr-7157	1392	48	primary	primary	ADJ
cblr-7157	1392	49	fiduciary	fiduciary	ADJ
cblr-7157	1392	50	rights	right	NOUN
cblr-7157	1392	51	,	,	PUNCT
cblr-7157	1392	52	however	however	ADV
cblr-7157	1392	53	,	,	PUNCT
cblr-7157	1392	54	delaware	delaware	PROPN
cblr-7157	1392	55	courts	court	NOUN
cblr-7157	1392	56	conceive	conceive	VERB
cblr-7157	1392	57	of	of	ADP
cblr-7157	1392	58	them	they	PRON
cblr-7157	1392	59	more	more	ADV
cblr-7157	1392	60	in	in	ADP
cblr-7157	1392	61	the	the	DET
cblr-7157	1392	62	nature	nature	NOUN
cblr-7157	1392	63	of	of	ADP
cblr-7157	1392	64	standing	standing	ADJ
cblr-7157	1392	65	rights	right	NOUN
cblr-7157	1392	66	to	to	PART
cblr-7157	1392	67	sue	sue	VERB
cblr-7157	1392	68	derivatively	derivatively	ADV
cblr-7157	1392	69	for	for	ADP
cblr-7157	1392	70	harms	harm	NOUN
cblr-7157	1392	71	to	to	ADP
cblr-7157	1392	72	the	the	DET
cblr-7157	1392	73	corporation	corporation	NOUN
cblr-7157	1392	74	as	as	ADP
cblr-7157	1392	75	a	a	DET
cblr-7157	1392	76	whole	whole	NOUN
cblr-7157	1392	77	,	,	PUNCT
cblr-7157	1392	78	just	just	ADV
cblr-7157	1392	79	as	as	ADP
cblr-7157	1392	80	in	in	ADP
cblr-7157	1392	81	the	the	DET
cblr-7157	1392	82	case	case	NOUN
cblr-7157	1392	83	of	of	ADP
cblr-7157	1392	84	preferred	preferred	ADJ
cblr-7157	1392	85	stock	stock	NOUN
cblr-7157	1392	86	.	.	PUNCT
cblr-7157	1393	1	this	this	DET
cblr-7157	1393	2	stock	stock	NOUN
cblr-7157	1393	3	versus	versus	ADP
cblr-7157	1393	4	non	non	ADJ
cblr-7157	1393	5	-	-	ADJ
cblr-7157	1393	6	stock	stock	ADJ
cblr-7157	1393	7	distinction	distinction	NOUN
cblr-7157	1393	8	(	(	PUNCT
cblr-7157	1393	9	granting	grant	VERB
cblr-7157	1393	10	standing	stand	VERB
cblr-7157	1393	11	to	to	PART
cblr-7157	1393	12	sue	sue	VERB
cblr-7157	1393	13	)	)	PUNCT
cblr-7157	1393	14	is	be	AUX
cblr-7157	1393	15	what	what	PRON
cblr-7157	1393	16	makes	make	VERB
cblr-7157	1393	17	preferred	preferred	ADJ
cblr-7157	1393	18	stock	stock	NOUN
cblr-7157	1393	19	and	and	CCONJ
cblr-7157	1393	20	non	non	ADJ
cblr-7157	1393	21	-	-	ADJ
cblr-7157	1393	22	voting	voting	ADJ
cblr-7157	1393	23	stock	stock	NOUN
cblr-7157	1393	24	different	different	ADJ
cblr-7157	1393	25	from	from	ADP
cblr-7157	1393	26	mere	mere	ADJ
cblr-7157	1393	27	contracts	contract	NOUN
cblr-7157	1393	28	,	,	PUNCT
cblr-7157	1393	29	such	such	ADJ
cblr-7157	1393	30	as	as	ADP
cblr-7157	1393	31	warrants	warrant	NOUN
cblr-7157	1393	32	.	.	PUNCT
cblr-7157	1394	1	but	but	CCONJ
cblr-7157	1394	2	for	for	ADP
cblr-7157	1394	3	the	the	DET
cblr-7157	1394	4	reasons	reason	NOUN
cblr-7157	1394	5	discussed	discuss	VERB
cblr-7157	1394	6	in	in	ADP
cblr-7157	1394	7	this	this	DET
cblr-7157	1394	8	article	article	NOUN
cblr-7157	1394	9	,	,	PUNCT
cblr-7157	1394	10	the	the	DET
cblr-7157	1394	11	duty	duty	NOUN
cblr-7157	1394	12	of	of	ADP
cblr-7157	1394	13	loyalty	loyalty	NOUN
cblr-7157	1394	14	attaches	attach	VERB
cblr-7157	1394	15	to	to	ADP
cblr-7157	1394	16	voting	vote	VERB
cblr-7157	1394	17	shares	share	NOUN
cblr-7157	1394	18	specifically	specifically	ADV
cblr-7157	1394	19	,	,	PUNCT
cblr-7157	1394	20	to	to	ADP
cblr-7157	1394	21	the	the	DET
cblr-7157	1394	22	extent	extent	NOUN
cblr-7157	1394	23	that	that	SCONJ
cblr-7157	1394	24	the	the	DET
cblr-7157	1394	25	rights	right	NOUN
cblr-7157	1394	26	of	of	ADP
cblr-7157	1394	27	the	the	DET
cblr-7157	1394	28	voting	voting	NOUN
cblr-7157	1394	29	shares	share	NOUN
cblr-7157	1394	30	conflict	conflict	NOUN
cblr-7157	1394	31	with	with	ADP
cblr-7157	1394	32	the	the	DET
cblr-7157	1394	33	special	special	ADJ
cblr-7157	1394	34	rights	right	NOUN
cblr-7157	1394	35	of	of	ADP
cblr-7157	1394	36	the	the	DET
cblr-7157	1394	37	nonvoting	nonvoting	ADJ
cblr-7157	1394	38	shares	share	NOUN
cblr-7157	1394	39	.	.	PUNCT
cblr-7157	1395	1	special	special	ADJ
cblr-7157	1395	2	contractual	contractual	ADJ
cblr-7157	1395	3	rights	right	NOUN
cblr-7157	1395	4	will	will	AUX
cblr-7157	1395	5	not	not	PART
cblr-7157	1395	6	,	,	PUNCT
cblr-7157	1395	7	in	in	ADP
cblr-7157	1395	8	and	and	CCONJ
cblr-7157	1395	9	of	of	ADP
cblr-7157	1395	10	themselves	themselves	PRON
cblr-7157	1395	11	,	,	PUNCT
cblr-7157	1395	12	receive	receive	VERB
cblr-7157	1395	13	the	the	DET
cblr-7157	1395	14	benefit	benefit	NOUN
cblr-7157	1395	15	of	of	ADP
cblr-7157	1395	16	fiduciary	fiduciary	ADJ
cblr-7157	1395	17	duties	duty	NOUN
cblr-7157	1395	18	.	.	PUNCT
cblr-7157	1396	1	one	one	NUM
cblr-7157	1396	2	of	of	ADP
cblr-7157	1396	3	the	the	DET
cblr-7157	1396	4	central	central	ADJ
cblr-7157	1396	5	points	point	NOUN
cblr-7157	1396	6	of	of	ADP
cblr-7157	1396	7	this	this	DET
cblr-7157	1396	8	article	article	NOUN
cblr-7157	1396	9	is	be	AUX
cblr-7157	1396	10	that	that	SCONJ
cblr-7157	1396	11	ownership	ownership	NOUN
cblr-7157	1396	12	interests	interest	NOUN
cblr-7157	1396	13	are	be	AUX
cblr-7157	1396	14	not	not	PART
cblr-7157	1396	15	necessarily	necessarily	ADV
cblr-7157	1396	16	unique	unique	ADJ
cblr-7157	1396	17	to	to	ADP
cblr-7157	1396	18	a	a	DET
cblr-7157	1396	19	single	single	ADJ
cblr-7157	1396	20	class	class	NOUN
cblr-7157	1396	21	of	of	ADP
cblr-7157	1396	22	stock	stock	NOUN
cblr-7157	1396	23	,	,	PUNCT
cblr-7157	1396	24	nor	nor	CCONJ
cblr-7157	1396	25	are	be	AUX
cblr-7157	1396	26	they	they	PRON
cblr-7157	1396	27	the	the	DET
cblr-7157	1396	28	proper	proper	ADJ
cblr-7157	1396	29	way	way	NOUN
cblr-7157	1396	30	to	to	PART
cblr-7157	1396	31	characterize	characterize	VERB
cblr-7157	1396	32	all	all	DET
cblr-7157	1396	33	claims	claim	NOUN
cblr-7157	1396	34	on	on	ADP
cblr-7157	1396	35	the	the	DET
cblr-7157	1396	36	corporation	corporation	NOUN
cblr-7157	1396	37	.	.	PUNCT
cblr-7157	1397	1	common	common	ADJ
cblr-7157	1397	2	stockholders	stockholder	NOUN
cblr-7157	1397	3	,	,	PUNCT
cblr-7157	1397	4	preferred	preferred	ADJ
cblr-7157	1397	5	stockholders	stockholder	NOUN
cblr-7157	1397	6	and	and	CCONJ
cblr-7157	1397	7	holders	holder	NOUN
cblr-7157	1397	8	of	of	ADP
cblr-7157	1397	9	non	non	ADJ
cblr-7157	1397	10	-	-	ADJ
cblr-7157	1397	11	voting	voting	ADJ
cblr-7157	1397	12	stock	stock	NOUN
cblr-7157	1397	13	will	will	AUX
cblr-7157	1397	14	all	all	ADV
cblr-7157	1397	15	hold	hold	VERB
cblr-7157	1397	16	some	some	DET
cblr-7157	1397	17	contractual	contractual	ADJ
cblr-7157	1397	18	claims	claim	NOUN
cblr-7157	1397	19	and	and	CCONJ
cblr-7157	1397	20	some	some	DET
cblr-7157	1397	21	proprietary	proprietary	ADJ
cblr-7157	1397	22	claims	claim	NOUN
cblr-7157	1397	23	.	.	PUNCT
cblr-7157	1398	1	the	the	DET
cblr-7157	1398	2	proprietary	proprietary	ADJ
cblr-7157	1398	3	claims	claim	NOUN
cblr-7157	1398	4	are	be	AUX
cblr-7157	1398	5	those	those	PRON
cblr-7157	1398	6	entitled	entitle	VERB
cblr-7157	1398	7	to	to	ADP
cblr-7157	1398	8	the	the	DET
cblr-7157	1398	9	protection	protection	NOUN
cblr-7157	1398	10	of	of	ADP
cblr-7157	1398	11	fiduciary	fiduciary	ADJ
cblr-7157	1398	12	duties	duty	NOUN
cblr-7157	1398	13	.	.	PUNCT
cblr-7157	1399	1	nonvoting	nonvote	VERB
cblr-7157	1399	2	stock	stock	NOUN
cblr-7157	1399	3	is	be	AUX
cblr-7157	1399	4	essentially	essentially	ADV
cblr-7157	1399	5	a	a	DET
cblr-7157	1399	6	contract	contract	NOUN
cblr-7157	1399	7	right	right	NOUN
cblr-7157	1399	8	coupled	couple	VERB
cblr-7157	1399	9	with	with	ADP
cblr-7157	1399	10	the	the	DET
cblr-7157	1399	11	standing	standing	NOUN
cblr-7157	1399	12	to	to	PART
cblr-7157	1399	13	sue	sue	VERB
cblr-7157	1399	14	for	for	ADP
cblr-7157	1399	15	fiduciary	fiduciary	ADJ
cblr-7157	1399	16	violations	violation	NOUN
cblr-7157	1399	17	,	,	PUNCT
cblr-7157	1399	18	provided	provide	VERB
cblr-7157	1399	19	by	by	ADP
cblr-7157	1399	20	its	its	PRON
cblr-7157	1399	21	status	status	NOUN
cblr-7157	1399	22	as	as	ADP
cblr-7157	1399	23	stock	stock	NOUN
cblr-7157	1399	24	.	.	PUNCT
cblr-7157	1400	1	this	this	DET
cblr-7157	1400	2	conclusion	conclusion	NOUN
cblr-7157	1400	3	is	be	AUX
cblr-7157	1400	4	initially	initially	ADV
cblr-7157	1400	5	jarring	jar	VERB
cblr-7157	1400	6	,	,	PUNCT
cblr-7157	1400	7	but	but	CCONJ
cblr-7157	1400	8	actually	actually	ADV
cblr-7157	1400	9	fits	fit	VERB
cblr-7157	1400	10	neatly	neatly	ADV
cblr-7157	1400	11	into	into	ADP
cblr-7157	1400	12	the	the	DET
cblr-7157	1400	13	structure	structure	NOUN
cblr-7157	1400	14	of	of	ADP
cblr-7157	1400	15	existing	exist	VERB
cblr-7157	1400	16	corporate	corporate	ADJ
cblr-7157	1400	17	law	law	NOUN
cblr-7157	1400	18	.	.	PUNCT
cblr-7157	1401	1	first	first	ADV
cblr-7157	1401	2	,	,	PUNCT
cblr-7157	1401	3	non	non	ADJ
cblr-7157	1401	4	-	-	ADJ
cblr-7157	1401	5	voting	voting	ADJ
cblr-7157	1401	6	stock	stock	NOUN
cblr-7157	1401	7	is	be	AUX
cblr-7157	1401	8	economically	economically	ADV
cblr-7157	1401	9	equivalent	equivalent	ADJ
cblr-7157	1401	10	to	to	ADP
cblr-7157	1401	11	a	a	DET
cblr-7157	1401	12	warrant	warrant	NOUN
cblr-7157	1401	13	,	,	PUNCT
cblr-7157	1401	14	which	which	PRON
cblr-7157	1401	15	also	also	ADV
cblr-7157	1401	16	lacks	lack	VERB
cblr-7157	1401	17	voting	voting	NOUN
cblr-7157	1401	18	rights	right	NOUN
cblr-7157	1401	19	and	and	CCONJ
cblr-7157	1401	20	fiduciary	fiduciary	ADJ
cblr-7157	1401	21	protections	protection	NOUN
cblr-7157	1401	22	.	.	PUNCT
cblr-7157	1402	1	second	second	ADJ
cblr-7157	1402	2	,	,	PUNCT
cblr-7157	1402	3	protecting	protect	VERB
cblr-7157	1402	4	the	the	DET
cblr-7157	1402	5	voting	voting	NOUN
cblr-7157	1402	6	stock	stock	NOUN
cblr-7157	1402	7	that	that	PRON
cblr-7157	1402	8	retain	retain	VERB
cblr-7157	1402	9	identical	identical	ADJ
cblr-7157	1402	10	economic	economic	ADJ
cblr-7157	1402	11	rights	right	NOUN
cblr-7157	1402	12	to	to	ADP
cblr-7157	1402	13	the	the	DET
cblr-7157	1402	14	nonvoting	nonvoting	ADJ
cblr-7157	1402	15	class	class	NOUN
cblr-7157	1402	16	will	will	AUX
cblr-7157	1402	17	in	in	ADP
cblr-7157	1402	18	turn	turn	NOUN
cblr-7157	1402	19	protect	protect	VERB
cblr-7157	1402	20	the	the	DET
cblr-7157	1402	21	non	non	ADJ
cblr-7157	1402	22	-	-	ADJ
cblr-7157	1402	23	voting	voting	ADJ
cblr-7157	1402	24	stock	stock	NOUN
cblr-7157	1402	25	.	.	PUNCT
cblr-7157	1403	1	third	third	ADJ
cblr-7157	1403	2	,	,	PUNCT
cblr-7157	1403	3	in	in	ADP
cblr-7157	1403	4	cases	case	NOUN
cblr-7157	1403	5	where	where	SCONJ
cblr-7157	1403	6	there	there	PRON
cblr-7157	1403	7	are	be	VERB
cblr-7157	1403	8	multiple	multiple	ADJ
cblr-7157	1403	9	classes	class	NOUN
cblr-7157	1403	10	with	with	ADP
cblr-7157	1403	11	different	different	ADJ
cblr-7157	1403	12	voting	voting	NOUN
cblr-7157	1403	13	rights	right	NOUN
cblr-7157	1403	14	,	,	PUNCT
cblr-7157	1403	15	the	the	DET
cblr-7157	1403	16	non	non	ADJ
cblr-7157	1403	17	-	-	ADJ
cblr-7157	1403	18	voting	voting	ADJ
cblr-7157	1403	19	(	(	PUNCT
cblr-7157	1403	20	or	or	CCONJ
cblr-7157	1403	21	lesser	less	ADJ
cblr-7157	1403	22	voting	voting	NOUN
cblr-7157	1403	23	)	)	PUNCT
cblr-7157	1403	24	common	common	ADJ
cblr-7157	1403	25	stock	stock	NOUN
cblr-7157	1403	26	generally	generally	ADV
cblr-7157	1403	27	receives	receive	VERB
cblr-7157	1403	28	explicit	explicit	ADJ
cblr-7157	1403	29	contractual	contractual	ADJ
cblr-7157	1403	30	protections	protection	NOUN
cblr-7157	1403	31	that	that	PRON
cblr-7157	1403	32	are	be	AUX
cblr-7157	1403	33	not	not	PART
cblr-7157	1403	34	provided	provide	VERB
cblr-7157	1403	35	to	to	ADP
cblr-7157	1403	36	other	other	ADJ
cblr-7157	1403	37	common	common	ADJ
cblr-7157	1403	38	stockholders	stockholder	NOUN
cblr-7157	1403	39	.	.	PUNCT
cblr-7157	1404	1	indeed	indeed	ADV
cblr-7157	1404	2	,	,	PUNCT
cblr-7157	1404	3	these	these	DET
cblr-7157	1404	4	non	non	ADJ
cblr-7157	1404	5	-	-	ADJ
cblr-7157	1404	6	voting	voting	ADJ
cblr-7157	1404	7	classes	class	NOUN
cblr-7157	1404	8	of	of	ADP
cblr-7157	1404	9	stock	stock	NOUN
cblr-7157	1404	10	resemble	resemble	VERB
cblr-7157	1404	11	a	a	DET
cblr-7157	1404	12	class	class	NOUN
cblr-7157	1404	13	of	of	ADP
cblr-7157	1404	14	preferred	preferred	ADJ
cblr-7157	1404	15	that	that	PRON
cblr-7157	1404	16	is	be	AUX
cblr-7157	1404	17	designed	design	VERB
cblr-7157	1404	18	320	320	NUM
cblr-7157	1404	19	see	see	NOUN
cblr-7157	1404	20	in	in	ADP
cblr-7157	1404	21	re	re	PROPN
cblr-7157	1404	22	fls	fls	PROPN
cblr-7157	1404	23	holdings	holdings	PROPN
cblr-7157	1404	24	,	,	PUNCT
cblr-7157	1404	25	inc	inc	PROPN
cblr-7157	1404	26	.	.	PROPN
cblr-7157	1404	27	s’holders	s’holder	VERB
cblr-7157	1404	28	litig	litig	PROPN
cblr-7157	1404	29	.	.	PUNCT
cblr-7157	1405	1	,	,	PUNCT
cblr-7157	1405	2	c.a	c.a	PROPN
cblr-7157	1405	3	.	.	PROPN
cblr-7157	1406	1	no	no	PROPN
cblr-7157	1406	2	.	.	NOUN
cblr-7157	1407	1	12623	12623	NUM
cblr-7157	1407	2	,	,	PUNCT
cblr-7157	1407	3	1993	1993	NUM
cblr-7157	1407	4	wl	wl	NOUN
cblr-7157	1407	5	104562	104562	NUM
cblr-7157	1407	6	,	,	PUNCT
cblr-7157	1407	7	at	at	ADP
cblr-7157	1407	8	*	*	NUM
cblr-7157	1407	9	4	4	NUM
cblr-7157	1407	10	(	(	PUNCT
cblr-7157	1407	11	del	del	PROPN
cblr-7157	1407	12	.	.	PROPN
cblr-7157	1407	13	ch	ch	PROPN
cblr-7157	1407	14	.	.	PUNCT
cblr-7157	1407	15	apr	apr	PROPN
cblr-7157	1407	16	.	.	PROPN
cblr-7157	1407	17	2	2	NUM
cblr-7157	1407	18	,	,	PUNCT
cblr-7157	1407	19	1993	1993	NUM
cblr-7157	1407	20	)	)	PUNCT
cblr-7157	1407	21	.	.	PUNCT
cblr-7157	1408	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1408	2	(	(	PUNCT
cblr-7157	1408	3	do	do	AUX
cblr-7157	1408	4	not	not	PART
cblr-7157	1408	5	delete	delete	VERB
cblr-7157	1408	6	)	)	PUNCT
cblr-7157	1408	7	10/2/2020	10/2/2020	NUM
cblr-7157	1408	8	11:44	11:44	NUM
cblr-7157	1408	9	am	be	AUX
cblr-7157	1408	10	no	no	NOUN
cblr-7157	1408	11	.	.	PUNCT
cblr-7157	1408	12	1:1	1:1	NUM
cblr-7157	1408	13	]	]	X
cblr-7157	1408	14	a	a	DET
cblr-7157	1408	15	property	property	NOUN
cblr-7157	1408	16	theory	theory	NOUN
cblr-7157	1408	17	93	93	NUM
cblr-7157	1408	18	to	to	PART
cblr-7157	1408	19	mirror	mirror	VERB
cblr-7157	1408	20	the	the	DET
cblr-7157	1408	21	economic	economic	ADJ
cblr-7157	1408	22	arrangement	arrangement	NOUN
cblr-7157	1408	23	of	of	ADP
cblr-7157	1408	24	common	common	ADJ
cblr-7157	1408	25	stock	stock	NOUN
cblr-7157	1408	26	.	.	PUNCT
cblr-7157	1409	1	that	that	PRON
cblr-7157	1409	2	suggests	suggest	VERB
cblr-7157	1409	3	that	that	SCONJ
cblr-7157	1409	4	the	the	DET
cblr-7157	1409	5	rights	right	NOUN
cblr-7157	1409	6	of	of	ADP
cblr-7157	1409	7	the	the	DET
cblr-7157	1409	8	non	non	ADJ
cblr-7157	1409	9	-	-	ADJ
cblr-7157	1409	10	voting	voting	ADJ
cblr-7157	1409	11	shares	share	NOUN
cblr-7157	1409	12	are	be	AUX
cblr-7157	1409	13	contractual	contractual	ADJ
cblr-7157	1409	14	,	,	PUNCT
cblr-7157	1409	15	much	much	ADJ
cblr-7157	1409	16	like	like	ADP
cblr-7157	1409	17	that	that	PRON
cblr-7157	1409	18	of	of	ADP
cblr-7157	1409	19	“	"	PUNCT
cblr-7157	1409	20	phantom	phantom	ADJ
cblr-7157	1409	21	stock	stock	NOUN
cblr-7157	1409	22	,	,	PUNCT
cblr-7157	1409	23	”	"	PUNCT
cblr-7157	1409	24	which	which	PRON
cblr-7157	1409	25	is	be	AUX
cblr-7157	1409	26	designed	design	VERB
cblr-7157	1409	27	to	to	PART
cblr-7157	1409	28	mirror	mirror	VERB
cblr-7157	1409	29	the	the	DET
cblr-7157	1409	30	terms	term	NOUN
cblr-7157	1409	31	of	of	ADP
cblr-7157	1409	32	common	common	ADJ
cblr-7157	1409	33	stock.321	stock.321	NOUN
cblr-7157	1409	34	finally	finally	ADV
cblr-7157	1409	35	,	,	PUNCT
cblr-7157	1409	36	the	the	DET
cblr-7157	1409	37	fact	fact	NOUN
cblr-7157	1409	38	that	that	SCONJ
cblr-7157	1409	39	non	non	ADJ
cblr-7157	1409	40	-	-	ADJ
cblr-7157	1409	41	voting	voting	ADJ
cblr-7157	1409	42	stock	stock	NOUN
cblr-7157	1409	43	may	may	AUX
cblr-7157	1409	44	not	not	PART
cblr-7157	1409	45	have	have	AUX
cblr-7157	1409	46	fiduciary	fiduciary	ADJ
cblr-7157	1409	47	protections	protection	NOUN
cblr-7157	1409	48	identical	identical	ADJ
cblr-7157	1409	49	to	to	ADP
cblr-7157	1409	50	that	that	PRON
cblr-7157	1409	51	of	of	ADP
cblr-7157	1409	52	voting	vote	VERB
cblr-7157	1409	53	common	common	ADJ
cblr-7157	1409	54	stock	stock	NOUN
cblr-7157	1409	55	does	do	AUX
cblr-7157	1409	56	not	not	PART
cblr-7157	1409	57	leave	leave	VERB
cblr-7157	1409	58	it	it	PRON
cblr-7157	1409	59	without	without	ADP
cblr-7157	1409	60	any	any	DET
cblr-7157	1409	61	protection	protection	NOUN
cblr-7157	1409	62	against	against	ADP
cblr-7157	1409	63	directors	director	NOUN
cblr-7157	1409	64	’	'	PUNCT
cblr-7157	1409	65	discretion	discretion	NOUN
cblr-7157	1409	66	,	,	PUNCT
cblr-7157	1409	67	even	even	ADV
cblr-7157	1409	68	for	for	ADP
cblr-7157	1409	69	its	its	PRON
cblr-7157	1409	70	special	special	ADJ
cblr-7157	1409	71	rights	right	NOUN
cblr-7157	1409	72	.	.	PUNCT
cblr-7157	1410	1	holders	holder	NOUN
cblr-7157	1410	2	of	of	ADP
cblr-7157	1410	3	those	those	DET
cblr-7157	1410	4	contractual	contractual	ADJ
cblr-7157	1410	5	rights	right	NOUN
cblr-7157	1410	6	would	would	AUX
cblr-7157	1410	7	be	be	AUX
cblr-7157	1410	8	protected	protect	VERB
cblr-7157	1410	9	by	by	ADP
cblr-7157	1410	10	the	the	DET
cblr-7157	1410	11	implied	imply	VERB
cblr-7157	1410	12	covenant	covenant	NOUN
cblr-7157	1410	13	of	of	ADP
cblr-7157	1410	14	good	good	ADJ
cblr-7157	1410	15	faith	faith	NOUN
cblr-7157	1410	16	and	and	CCONJ
cblr-7157	1410	17	fair	fair	ADJ
cblr-7157	1410	18	dealing	dealing	NOUN
cblr-7157	1410	19	,	,	PUNCT
cblr-7157	1410	20	even	even	ADV
cblr-7157	1410	21	if	if	SCONJ
cblr-7157	1410	22	not	not	PART
cblr-7157	1410	23	fiduciary	fiduciary	ADJ
cblr-7157	1410	24	protections	protection	NOUN
cblr-7157	1410	25	vis	vis	X
cblr-7157	1410	26	-	-	X
cblr-7157	1410	27	à	à	X
cblr-7157	1410	28	-	-	PUNCT
cblr-7157	1410	29	vis	vis	X
cblr-7157	1410	30	the	the	DET
cblr-7157	1410	31	common	common	ADJ
cblr-7157	1410	32	voting	voting	NOUN
cblr-7157	1410	33	stock.322	stock.322	ADJ
cblr-7157	1410	34	applying	apply	VERB
cblr-7157	1410	35	fiduciary	fiduciary	ADJ
cblr-7157	1410	36	protections	protection	NOUN
cblr-7157	1410	37	primarily	primarily	ADV
cblr-7157	1410	38	to	to	ADP
cblr-7157	1410	39	voting	vote	VERB
cblr-7157	1410	40	stock	stock	NOUN
cblr-7157	1410	41	also	also	ADV
cblr-7157	1410	42	fits	fit	VERB
cblr-7157	1410	43	within	within	ADP
cblr-7157	1410	44	existing	exist	VERB
cblr-7157	1410	45	corporate	corporate	ADJ
cblr-7157	1410	46	law	law	NOUN
cblr-7157	1410	47	.	.	PUNCT
cblr-7157	1411	1	self	self	NOUN
cblr-7157	1411	2	-	-	PUNCT
cblr-7157	1411	3	dealing	deal	VERB
cblr-7157	1411	4	transactions	transaction	NOUN
cblr-7157	1411	5	are	be	AUX
cblr-7157	1411	6	normally	normally	ADV
cblr-7157	1411	7	subject	subject	ADJ
cblr-7157	1411	8	to	to	ADP
cblr-7157	1411	9	entire	entire	ADJ
cblr-7157	1411	10	fairness	fairness	NOUN
cblr-7157	1411	11	scrutiny.323	scrutiny.323	NOUN
cblr-7157	1411	12	however	however	ADV
cblr-7157	1411	13	,	,	PUNCT
cblr-7157	1411	14	voting	vote	VERB
cblr-7157	1411	15	shareholders	shareholder	NOUN
cblr-7157	1411	16	can	can	AUX
cblr-7157	1411	17	ratify	ratify	VERB
cblr-7157	1411	18	or	or	CCONJ
cblr-7157	1411	19	“	"	PUNCT
cblr-7157	1411	20	cleanse	cleanse	NOUN
cblr-7157	1411	21	”	"	PUNCT
cblr-7157	1411	22	such	such	ADJ
cblr-7157	1411	23	transactions	transaction	NOUN
cblr-7157	1411	24	by	by	ADP
cblr-7157	1411	25	a	a	DET
cblr-7157	1411	26	majority	majority	NOUN
cblr-7157	1411	27	vote	vote	NOUN
cblr-7157	1411	28	.	.	PUNCT
cblr-7157	1412	1	whether	whether	SCONJ
cblr-7157	1412	2	under	under	ADP
cblr-7157	1412	3	delaware	delaware	PROPN
cblr-7157	1412	4	’s	’s	PART
cblr-7157	1412	5	section	section	NOUN
cblr-7157	1412	6	144324	144324	NUM
cblr-7157	1412	7	or	or	CCONJ
cblr-7157	1412	8	the	the	DET
cblr-7157	1412	9	model	model	NOUN
cblr-7157	1412	10	business	business	PROPN
cblr-7157	1412	11	corporation	corporation	PROPN
cblr-7157	1412	12	act	act	PROPN
cblr-7157	1412	13	’s	’s	PART
cblr-7157	1412	14	subchapter	subchapter	NOUN
cblr-7157	1412	15	f,325	f,325	PROPN
cblr-7157	1412	16	conflict	conflict	NOUN
cblr-7157	1412	17	of	of	ADP
cblr-7157	1412	18	interest	interest	NOUN
cblr-7157	1412	19	transactions	transaction	NOUN
cblr-7157	1412	20	can	can	AUX
cblr-7157	1412	21	be	be	AUX
cblr-7157	1412	22	cleansed	cleanse	VERB
cblr-7157	1412	23	by	by	ADP
cblr-7157	1412	24	a	a	DET
cblr-7157	1412	25	majority	majority	NOUN
cblr-7157	1412	26	vote	vote	NOUN
cblr-7157	1412	27	of	of	ADP
cblr-7157	1412	28	disinterested	disinterested	ADJ
cblr-7157	1412	29	shareholders	shareholder	NOUN
cblr-7157	1412	30	.	.	PUNCT
cblr-7157	1413	1	it	it	PRON
cblr-7157	1413	2	is	be	AUX
cblr-7157	1413	3	the	the	DET
cblr-7157	1413	4	shareholders	shareholder	NOUN
cblr-7157	1413	5	entitled	entitle	VERB
cblr-7157	1413	6	to	to	PART
cblr-7157	1413	7	vote	vote	VERB
cblr-7157	1413	8	who	who	PRON
cblr-7157	1413	9	have	have	VERB
cblr-7157	1413	10	the	the	DET
cblr-7157	1413	11	ability	ability	NOUN
cblr-7157	1413	12	to	to	PART
cblr-7157	1413	13	sanitize	sanitize	VERB
cblr-7157	1413	14	fiduciary	fiduciary	ADJ
cblr-7157	1413	15	321	321	NUM
cblr-7157	1413	16	see	see	NOUN
cblr-7157	1413	17	generally	generally	ADV
cblr-7157	1413	18	d.	d.	PROPN
cblr-7157	1413	19	kyle	kyle	PROPN
cblr-7157	1413	20	sampson	sampson	PROPN
cblr-7157	1413	21	,	,	PUNCT
cblr-7157	1413	22	comment	comment	NOUN
cblr-7157	1413	23	,	,	PUNCT
cblr-7157	1413	24	the	the	DET
cblr-7157	1413	25	fiduciary	fiduciary	ADJ
cblr-7157	1413	26	duties	duty	NOUN
cblr-7157	1413	27	of	of	ADP
cblr-7157	1413	28	corporate	corporate	ADJ
cblr-7157	1413	29	directors	director	NOUN
cblr-7157	1413	30	to	to	PART
cblr-7157	1413	31	"	"	PUNCT
cblr-7157	1413	32	phantom	phantom	ADJ
cblr-7157	1413	33	"	"	PUNCT
cblr-7157	1413	34	stockholders	stockholder	NOUN
cblr-7157	1413	35	,	,	PUNCT
cblr-7157	1413	36	62	62	NUM
cblr-7157	1413	37	u.	u.	NOUN
cblr-7157	1413	38	chi	chi	PROPN
cblr-7157	1413	39	.	.	PUNCT
cblr-7157	1414	1	l.	l.	PROPN
cblr-7157	1414	2	rev	rev	PROPN
cblr-7157	1414	3	.	.	PROPN
cblr-7157	1414	4	1275	1275	NUM
cblr-7157	1414	5	(	(	PUNCT
cblr-7157	1414	6	1995	1995	NUM
cblr-7157	1414	7	)	)	PUNCT
cblr-7157	1414	8	.	.	PUNCT
cblr-7157	1415	1	322	322	NUM
cblr-7157	1415	2	this	this	DET
cblr-7157	1415	3	situation	situation	NOUN
cblr-7157	1415	4	is	be	AUX
cblr-7157	1415	5	not	not	PART
cblr-7157	1415	6	unusual	unusual	ADJ
cblr-7157	1415	7	,	,	PUNCT
cblr-7157	1415	8	resembling	resemble	VERB
cblr-7157	1415	9	closely	closely	ADV
cblr-7157	1415	10	the	the	DET
cblr-7157	1415	11	position	position	NOUN
cblr-7157	1415	12	of	of	ADP
cblr-7157	1415	13	passive	passive	ADJ
cblr-7157	1415	14	investors	investor	NOUN
cblr-7157	1415	15	in	in	ADP
cblr-7157	1415	16	delaware	delaware	PROPN
cblr-7157	1415	17	llcs	llcs	PROPN
cblr-7157	1415	18	in	in	ADP
cblr-7157	1415	19	which	which	PRON
cblr-7157	1415	20	all	all	DET
cblr-7157	1415	21	fiduciary	fiduciary	ADJ
cblr-7157	1415	22	duties	duty	NOUN
cblr-7157	1415	23	have	have	AUX
cblr-7157	1415	24	been	be	AUX
cblr-7157	1415	25	eliminated	eliminate	VERB
cblr-7157	1415	26	in	in	ADP
cblr-7157	1415	27	the	the	DET
cblr-7157	1415	28	operating	operating	NOUN
cblr-7157	1415	29	agreement	agreement	NOUN
cblr-7157	1415	30	,	,	PUNCT
cblr-7157	1415	31	as	as	SCONJ
cblr-7157	1415	32	permitted	permit	VERB
cblr-7157	1415	33	by	by	ADP
cblr-7157	1415	34	delaware	delaware	PROPN
cblr-7157	1415	35	law	law	PROPN
cblr-7157	1415	36	.	.	PUNCT
cblr-7157	1416	1	see	see	VERB
cblr-7157	1416	2	6	6	NUM
cblr-7157	1416	3	del	del	PROPN
cblr-7157	1416	4	.	.	PROPN
cblr-7157	1416	5	code	code	PROPN
cblr-7157	1416	6	ann	ann	PROPN
cblr-7157	1416	7	.	.	PUNCT
cblr-7157	1417	1	§	§	PROPN
cblr-7157	1417	2	18–1101(b	18–1101(b	NUM
cblr-7157	1417	3	)	)	PUNCT
cblr-7157	1417	4	(	(	PUNCT
cblr-7157	1417	5	2019	2019	NUM
cblr-7157	1417	6	)	)	PUNCT
cblr-7157	1417	7	;	;	PUNCT
cblr-7157	1417	8	r	r	NOUN
cblr-7157	1417	9	&	&	CCONJ
cblr-7157	1417	10	r	r	PROPN
cblr-7157	1417	11	capital	capital	NOUN
cblr-7157	1417	12	,	,	PUNCT
cblr-7157	1417	13	llc	llc	PROPN
cblr-7157	1417	14	v.	v.	PROPN
cblr-7157	1417	15	buck	buck	PROPN
cblr-7157	1417	16	&	&	CCONJ
cblr-7157	1417	17	doe	doe	PROPN
cblr-7157	1417	18	run	run	VERB
cblr-7157	1417	19	valley	valley	NOUN
cblr-7157	1417	20	farms	farm	NOUN
cblr-7157	1417	21	,	,	PUNCT
cblr-7157	1417	22	llc	llc	PROPN
cblr-7157	1417	23	,	,	PUNCT
cblr-7157	1417	24	c.a	c.a	PROPN
cblr-7157	1417	25	.	.	PROPN
cblr-7157	1418	1	no	no	INTJ
cblr-7157	1418	2	.	.	NOUN
cblr-7157	1418	3	3803	3803	NUM
cblr-7157	1418	4	-	-	PUNCT
cblr-7157	1418	5	cc	cc	NOUN
cblr-7157	1418	6	,	,	PUNCT
cblr-7157	1418	7	2008	2008	NUM
cblr-7157	1418	8	wl	wl	NOUN
cblr-7157	1418	9	3846318	3846318	NUM
cblr-7157	1418	10	,	,	PUNCT
cblr-7157	1418	11	at	at	ADP
cblr-7157	1418	12	*	*	NUM
cblr-7157	1418	13	4	4	NUM
cblr-7157	1418	14	(	(	PUNCT
cblr-7157	1418	15	del	del	PROPN
cblr-7157	1418	16	.	.	PROPN
cblr-7157	1418	17	ch	ch	PROPN
cblr-7157	1418	18	.	.	PUNCT
cblr-7157	1419	1	aug	aug	PROPN
cblr-7157	1419	2	.	.	PROPN
cblr-7157	1419	3	19	19	NUM
cblr-7157	1419	4	,	,	PUNCT
cblr-7157	1419	5	2008	2008	NUM
cblr-7157	1419	6	)	)	PUNCT
cblr-7157	1419	7	;	;	PUNCT
cblr-7157	1419	8	myron	myron	PROPN
cblr-7157	1419	9	t.	t.	PROPN
cblr-7157	1419	10	steele	steele	PROPN
cblr-7157	1419	11	,	,	PUNCT
cblr-7157	1419	12	judicial	judicial	ADJ
cblr-7157	1419	13	scrutiny	scrutiny	NOUN
cblr-7157	1419	14	of	of	ADP
cblr-7157	1419	15	fiduciary	fiduciary	ADJ
cblr-7157	1419	16	duties	duty	NOUN
cblr-7157	1419	17	in	in	ADP
cblr-7157	1419	18	delaware	delaware	PROPN
cblr-7157	1419	19	limited	limit	VERB
cblr-7157	1419	20	partnerships	partnership	NOUN
cblr-7157	1419	21	and	and	CCONJ
cblr-7157	1419	22	limited	limited	ADJ
cblr-7157	1419	23	liability	liability	NOUN
cblr-7157	1419	24	companies	company	NOUN
cblr-7157	1419	25	,	,	PUNCT
cblr-7157	1419	26	32	32	NUM
cblr-7157	1419	27	del	del	PROPN
cblr-7157	1419	28	.	.	PROPN
cblr-7157	1419	29	j.	j.	PROPN
cblr-7157	1419	30	corp	corp	PROPN
cblr-7157	1419	31	.	.	PROPN
cblr-7157	1419	32	l.	l.	PROPN
cblr-7157	1419	33	1	1	NUM
cblr-7157	1419	34	,	,	PUNCT
cblr-7157	1419	35	9	9	NUM
cblr-7157	1419	36	(	(	PUNCT
cblr-7157	1419	37	2007	2007	NUM
cblr-7157	1419	38	)	)	PUNCT
cblr-7157	1419	39	(	(	PUNCT
cblr-7157	1419	40	“	"	PUNCT
cblr-7157	1419	41	absent	absent	ADJ
cblr-7157	1419	42	evidence	evidence	NOUN
cblr-7157	1419	43	to	to	ADP
cblr-7157	1419	44	the	the	DET
cblr-7157	1419	45	contrary	contrary	NOUN
cblr-7157	1419	46	,	,	PUNCT
cblr-7157	1419	47	it	it	PRON
cblr-7157	1419	48	must	must	AUX
cblr-7157	1419	49	be	be	AUX
cblr-7157	1419	50	assumed	assume	VERB
cblr-7157	1419	51	that	that	SCONJ
cblr-7157	1419	52	passive	passive	ADJ
cblr-7157	1419	53	investors	investor	NOUN
cblr-7157	1419	54	who	who	PRON
cblr-7157	1419	55	authorize	authorize	VERB
cblr-7157	1419	56	,	,	PUNCT
cblr-7157	1419	57	in	in	ADP
cblr-7157	1419	58	the	the	DET
cblr-7157	1419	59	unincorporated	unincorporated	ADJ
cblr-7157	1419	60	business	business	NOUN
cblr-7157	1419	61	entities	entity	NOUN
cblr-7157	1419	62	'	'	PART
cblr-7157	1419	63	enabling	enable	VERB
cblr-7157	1419	64	documents	document	NOUN
cblr-7157	1419	65	,	,	PUNCT
cblr-7157	1419	66	the	the	DET
cblr-7157	1419	67	elimination	elimination	NOUN
cblr-7157	1419	68	or	or	CCONJ
cblr-7157	1419	69	restriction	restriction	NOUN
cblr-7157	1419	70	of	of	ADP
cblr-7157	1419	71	one	one	NUM
cblr-7157	1419	72	or	or	CCONJ
cblr-7157	1419	73	more	more	ADJ
cblr-7157	1419	74	fiduciary	fiduciary	ADJ
cblr-7157	1419	75	duties	duty	NOUN
cblr-7157	1419	76	are	be	AUX
cblr-7157	1419	77	fully	fully	ADV
cblr-7157	1419	78	informed	inform	VERB
cblr-7157	1419	79	of	of	ADP
cblr-7157	1419	80	the	the	DET
cblr-7157	1419	81	risks	risk	NOUN
cblr-7157	1419	82	and	and	CCONJ
cblr-7157	1419	83	benefits	benefit	NOUN
cblr-7157	1419	84	.	.	PUNCT
cblr-7157	1419	85	”	"	PUNCT
cblr-7157	1419	86	)	)	PUNCT
cblr-7157	1419	87	.	.	PUNCT
cblr-7157	1420	1	323	323	NUM
cblr-7157	1420	2	see	see	VERB
cblr-7157	1420	3	,	,	PUNCT
cblr-7157	1420	4	e.g.	e.g.	ADV
cblr-7157	1420	5	,	,	PUNCT
cblr-7157	1420	6	in	in	ADP
cblr-7157	1420	7	re	re	PROPN
cblr-7157	1420	8	trados	trados	PROPN
cblr-7157	1420	9	inc	inc	PROPN
cblr-7157	1420	10	.	.	PROPN
cblr-7157	1420	11	s'holder	s'holder	PROPN
cblr-7157	1420	12	litig	litig	PROPN
cblr-7157	1420	13	.	.	PUNCT
cblr-7157	1420	14	,	,	PUNCT
cblr-7157	1420	15	73	73	NUM
cblr-7157	1420	16	a.3d	a.3d	SYM
cblr-7157	1420	17	17	17	NUM
cblr-7157	1420	18	,	,	PUNCT
cblr-7157	1420	19	56	56	NUM
cblr-7157	1420	20	(	(	PUNCT
cblr-7157	1420	21	del	del	PROPN
cblr-7157	1420	22	.	.	PROPN
cblr-7157	1420	23	ch	ch	PROPN
cblr-7157	1420	24	.	.	PROPN
cblr-7157	1420	25	2013	2013	NUM
cblr-7157	1420	26	)	)	PUNCT
cblr-7157	1420	27	(	(	PUNCT
cblr-7157	1420	28	“	"	PUNCT
cblr-7157	1420	29	a	a	DET
cblr-7157	1420	30	reviewing	reviewing	NOUN
cblr-7157	1420	31	court	court	NOUN
cblr-7157	1420	32	deploys	deploy	VERB
cblr-7157	1420	33	the	the	DET
cblr-7157	1420	34	entire	entire	ADJ
cblr-7157	1420	35	fairness	fairness	NOUN
cblr-7157	1420	36	test	test	NOUN
cblr-7157	1420	37	to	to	PART
cblr-7157	1420	38	determine	determine	VERB
cblr-7157	1420	39	whether	whether	SCONJ
cblr-7157	1420	40	the	the	DET
cblr-7157	1420	41	members	member	NOUN
cblr-7157	1420	42	of	of	ADP
cblr-7157	1420	43	a	a	DET
cblr-7157	1420	44	conflicted	conflicted	ADJ
cblr-7157	1420	45	board	board	NOUN
cblr-7157	1420	46	of	of	ADP
cblr-7157	1420	47	directors	director	NOUN
cblr-7157	1420	48	complied	comply	VERB
cblr-7157	1420	49	with	with	ADP
cblr-7157	1420	50	their	their	PRON
cblr-7157	1420	51	fiduciary	fiduciary	ADJ
cblr-7157	1420	52	duties	duty	NOUN
cblr-7157	1420	53	.	.	PUNCT
cblr-7157	1420	54	”	"	PUNCT
cblr-7157	1420	55	)	)	PUNCT
cblr-7157	1420	56	.	.	PUNCT
cblr-7157	1421	1	324	324	NUM
cblr-7157	1421	2	see	see	VERB
cblr-7157	1421	3	del	del	PROPN
cblr-7157	1421	4	.	.	PROPN
cblr-7157	1421	5	code	code	PROPN
cblr-7157	1421	6	ann	ann	PROPN
cblr-7157	1421	7	.	.	PUNCT
cblr-7157	1422	1	tit	tit	PROPN
cblr-7157	1422	2	.	.	PROPN
cblr-7157	1423	1	8	8	NUM
cblr-7157	1423	2	,	,	PUNCT
cblr-7157	1423	3	§	§	PROPN
cblr-7157	1423	4	144	144	NUM
cblr-7157	1423	5	(	(	PUNCT
cblr-7157	1423	6	2019	2019	NUM
cblr-7157	1423	7	)	)	PUNCT
cblr-7157	1423	8	.	.	PUNCT
cblr-7157	1424	1	325	325	NUM
cblr-7157	1424	2	see	see	VERB
cblr-7157	1424	3	model	model	NOUN
cblr-7157	1424	4	bus	bus	PROPN
cblr-7157	1424	5	.	.	PUNCT
cblr-7157	1424	6	corp	corp	PROPN
cblr-7157	1424	7	.	.	PROPN
cblr-7157	1424	8	act	act	PROPN
cblr-7157	1424	9	§	§	PROPN
cblr-7157	1424	10	8.62	8.62	NUM
cblr-7157	1424	11	(	(	PUNCT
cblr-7157	1424	12	am	am	NOUN
cblr-7157	1424	13	.	.	PUNCT
cblr-7157	1424	14	bar	bar	NOUN
cblr-7157	1424	15	ass’n	ass’n	NUM
cblr-7157	1424	16	2016	2016	NUM
cblr-7157	1424	17	)	)	PUNCT
cblr-7157	1424	18	.	.	PUNCT
cblr-7157	1425	1	https://1.next.westlaw.com/link/document/fulltext?findtype=l&pubnum=1000005&cite=destt6s18-1101&originatingdoc=ie8465e7f6e1411ddbc7bf97f340af743&reftype=lq&originationcontext=document&transitiontype=documentitem&contextdata=(sc.doclink	https://1.next.westlaw.com/link/document/fulltext?findtype=l&pubnum=1000005&cite=destt6s18-1101&originatingdoc=ie8465e7f6e1411ddbc7bf97f340af743&reftype=lq&originationcontext=document&transitiontype=documentitem&contextdata=(sc.doclink	PROPN
cblr-7157	1425	2	)	)	PUNCT
cblr-7157	1426	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1426	2	(	(	PUNCT
cblr-7157	1426	3	do	do	AUX
cblr-7157	1426	4	not	not	PART
cblr-7157	1426	5	delte	delte	VERB
cblr-7157	1426	6	)	)	PUNCT
cblr-7157	1426	7	10/2/2020	10/2/2020	NUM
cblr-7157	1426	8	11:44	11:44	NUM
cblr-7157	1426	9	am	am	NOUN
cblr-7157	1426	10	94	94	NUM
cblr-7157	1426	11	columbia	columbia	PROPN
cblr-7157	1426	12	business	business	NOUN
cblr-7157	1426	13	law	law	PROPN
cblr-7157	1426	14	review	review	NOUN
cblr-7157	1426	15	[	[	X
cblr-7157	1426	16	vol	vol	NOUN
cblr-7157	1426	17	.	.	NOUN
cblr-7157	1426	18	2020	2020	NUM
cblr-7157	1426	19	violations	violation	NOUN
cblr-7157	1426	20	,	,	PUNCT
cblr-7157	1426	21	and	and	CCONJ
cblr-7157	1426	22	no	no	DET
cblr-7157	1426	23	other	other	ADJ
cblr-7157	1426	24	shareholders.326	shareholders.326	NOUN
cblr-7157	1426	25	this	this	PRON
cblr-7157	1426	26	makes	make	VERB
cblr-7157	1426	27	sense	sense	NOUN
cblr-7157	1426	28	under	under	ADP
cblr-7157	1426	29	the	the	DET
cblr-7157	1426	30	property	property	NOUN
cblr-7157	1426	31	theory	theory	NOUN
cblr-7157	1426	32	,	,	PUNCT
cblr-7157	1426	33	where	where	SCONJ
cblr-7157	1426	34	such	such	ADJ
cblr-7157	1426	35	fiduciary	fiduciary	ADJ
cblr-7157	1426	36	violations	violation	NOUN
cblr-7157	1426	37	are	be	AUX
cblr-7157	1426	38	violations	violation	NOUN
cblr-7157	1426	39	only	only	ADV
cblr-7157	1426	40	as	as	ADP
cblr-7157	1426	41	to	to	ADP
cblr-7157	1426	42	the	the	DET
cblr-7157	1426	43	voting	voting	NOUN
cblr-7157	1426	44	stock	stock	NOUN
cblr-7157	1426	45	,	,	PUNCT
cblr-7157	1426	46	and	and	CCONJ
cblr-7157	1426	47	therefore	therefore	ADV
cblr-7157	1426	48	only	only	ADV
cblr-7157	1426	49	the	the	DET
cblr-7157	1426	50	voting	voting	NOUN
cblr-7157	1426	51	stock	stock	NOUN
cblr-7157	1426	52	is	be	AUX
cblr-7157	1426	53	able	able	ADJ
cblr-7157	1426	54	to	to	PART
cblr-7157	1426	55	cleanse	cleanse	VERB
cblr-7157	1426	56	them	they	PRON
cblr-7157	1426	57	.	.	PUNCT
cblr-7157	1427	1	d.	d.	PROPN
cblr-7157	1427	2	fiduciary	fiduciary	ADJ
cblr-7157	1427	3	duties	duty	NOUN
cblr-7157	1427	4	in	in	ADP
cblr-7157	1427	5	the	the	DET
cblr-7157	1427	6	zone	zone	NOUN
cblr-7157	1427	7	of	of	ADP
cblr-7157	1427	8	insolvency	insolvency	NOUN
cblr-7157	1427	9	one	one	NUM
cblr-7157	1427	10	of	of	ADP
cblr-7157	1427	11	the	the	DET
cblr-7157	1427	12	most	most	ADV
cblr-7157	1427	13	fraught	fraught	ADJ
cblr-7157	1427	14	areas	area	NOUN
cblr-7157	1427	15	of	of	ADP
cblr-7157	1427	16	corporate	corporate	ADJ
cblr-7157	1427	17	law	law	NOUN
cblr-7157	1427	18	is	be	AUX
cblr-7157	1427	19	the	the	DET
cblr-7157	1427	20	question	question	NOUN
cblr-7157	1427	21	of	of	ADP
cblr-7157	1427	22	whether	whether	SCONJ
cblr-7157	1427	23	and	and	CCONJ
cblr-7157	1427	24	when	when	SCONJ
cblr-7157	1427	25	duties	duty	NOUN
cblr-7157	1427	26	shift	shift	VERB
cblr-7157	1427	27	away	away	ADV
cblr-7157	1427	28	from	from	ADP
cblr-7157	1427	29	shareholders	shareholder	NOUN
cblr-7157	1427	30	as	as	SCONJ
cblr-7157	1427	31	corporations	corporation	NOUN
cblr-7157	1427	32	approach	approach	VERB
cblr-7157	1427	33	insolvency.327	insolvency.327	NOUN
cblr-7157	1427	34	as	as	SCONJ
cblr-7157	1427	35	the	the	DET
cblr-7157	1427	36	net	net	ADJ
cblr-7157	1427	37	worth	worth	NOUN
cblr-7157	1427	38	of	of	ADP
cblr-7157	1427	39	a	a	DET
cblr-7157	1427	40	corporation	corporation	NOUN
cblr-7157	1427	41	declines	decline	VERB
cblr-7157	1427	42	and	and	CCONJ
cblr-7157	1427	43	the	the	DET
cblr-7157	1427	44	prospect	prospect	NOUN
cblr-7157	1427	45	of	of	ADP
cblr-7157	1427	46	recovery	recovery	NOUN
cblr-7157	1427	47	for	for	ADP
cblr-7157	1427	48	shareholders	shareholder	NOUN
cblr-7157	1427	49	grows	grow	VERB
cblr-7157	1427	50	more	more	ADV
cblr-7157	1427	51	and	and	CCONJ
cblr-7157	1427	52	more	more	ADV
cblr-7157	1427	53	remote	remote	ADJ
cblr-7157	1427	54	,	,	PUNCT
cblr-7157	1427	55	should	should	AUX
cblr-7157	1427	56	the	the	DET
cblr-7157	1427	57	fiduciary	fiduciary	ADJ
cblr-7157	1427	58	duties	duty	NOUN
cblr-7157	1427	59	owed	owe	VERB
cblr-7157	1427	60	to	to	ADP
cblr-7157	1427	61	shareholders	shareholder	NOUN
cblr-7157	1427	62	shift	shift	VERB
cblr-7157	1427	63	to	to	ADP
cblr-7157	1427	64	the	the	DET
cblr-7157	1427	65	debt	debt	NOUN
cblr-7157	1427	66	holders	holder	NOUN
cblr-7157	1427	67	?	?	PUNCT
cblr-7157	1428	1	corporate	corporate	ADJ
cblr-7157	1428	2	law	law	NOUN
cblr-7157	1428	3	practitioners	practitioner	NOUN
cblr-7157	1428	4	have	have	AUX
cblr-7157	1428	5	long	long	ADV
cblr-7157	1428	6	wondered	wonder	VERB
cblr-7157	1428	7	whether	whether	SCONJ
cblr-7157	1428	8	directors	director	NOUN
cblr-7157	1428	9	of	of	ADP
cblr-7157	1428	10	companies	company	NOUN
cblr-7157	1428	11	in	in	ADP
cblr-7157	1428	12	the	the	DET
cblr-7157	1428	13	zone	zone	NOUN
cblr-7157	1428	14	of	of	ADP
cblr-7157	1428	15	insolvency	insolvency	NOUN
cblr-7157	1428	16	owed	owe	VERB
cblr-7157	1428	17	their	their	PRON
cblr-7157	1428	18	fiduciary	fiduciary	ADJ
cblr-7157	1428	19	duties	duty	NOUN
cblr-7157	1428	20	to	to	ADP
cblr-7157	1428	21	the	the	DET
cblr-7157	1428	22	company	company	NOUN
cblr-7157	1428	23	’s	’s	PART
cblr-7157	1428	24	creditors	creditor	NOUN
cblr-7157	1428	25	,	,	PUNCT
cblr-7157	1428	26	which	which	DET
cblr-7157	1428	27	influential	influential	ADJ
cblr-7157	1428	28	delaware	delaware	PROPN
cblr-7157	1428	29	opinions	opinion	NOUN
cblr-7157	1428	30	seemed	seem	VERB
cblr-7157	1428	31	to	to	PART
cblr-7157	1428	32	suggest.328	suggest.328	VERB
cblr-7157	1428	33	the	the	DET
cblr-7157	1428	34	issue	issue	NOUN
cblr-7157	1428	35	was	be	AUX
cblr-7157	1428	36	resolved	resolve	VERB
cblr-7157	1428	37	(	(	PUNCT
cblr-7157	1428	38	for	for	ADP
cblr-7157	1428	39	now	now	ADV
cblr-7157	1428	40	)	)	PUNCT
cblr-7157	1428	41	against	against	ADP
cblr-7157	1428	42	the	the	DET
cblr-7157	1428	43	concept	concept	NOUN
cblr-7157	1428	44	of	of	ADP
cblr-7157	1428	45	shifting	shift	VERB
cblr-7157	1428	46	duties	duty	NOUN
cblr-7157	1428	47	in	in	ADP
cblr-7157	1428	48	the	the	DET
cblr-7157	1428	49	zone	zone	NOUN
cblr-7157	1428	50	of	of	ADP
cblr-7157	1428	51	insolvency.329	insolvency.329	NOUN
cblr-7157	1428	52	but	but	CCONJ
cblr-7157	1428	53	what	what	PRON
cblr-7157	1428	54	about	about	ADP
cblr-7157	1428	55	corporations	corporation	NOUN
cblr-7157	1428	56	that	that	PRON
cblr-7157	1428	57	are	be	AUX
cblr-7157	1428	58	actually	actually	ADV
cblr-7157	1428	59	insolvent	insolvent	ADJ
cblr-7157	1428	60	?	?	PUNCT
cblr-7157	1429	1	326	326	NUM
cblr-7157	1429	2	both	both	CCONJ
cblr-7157	1429	3	the	the	DET
cblr-7157	1429	4	dgcl	dgcl	NOUN
cblr-7157	1429	5	and	and	CCONJ
cblr-7157	1429	6	the	the	DET
cblr-7157	1429	7	mbca	mbca	NOUN
cblr-7157	1429	8	refer	refer	VERB
cblr-7157	1429	9	specifically	specifically	ADV
cblr-7157	1429	10	to	to	ADP
cblr-7157	1429	11	the	the	DET
cblr-7157	1429	12	shareholders	shareholder	NOUN
cblr-7157	1429	13	“	"	PUNCT
cblr-7157	1429	14	entitled	entitle	VERB
cblr-7157	1429	15	to	to	PART
cblr-7157	1429	16	vote	vote	VERB
cblr-7157	1429	17	”	"	PUNCT
cblr-7157	1429	18	as	as	ADP
cblr-7157	1429	19	those	those	PRON
cblr-7157	1429	20	relevant	relevant	ADJ
cblr-7157	1429	21	for	for	ADP
cblr-7157	1429	22	the	the	DET
cblr-7157	1429	23	purpose	purpose	NOUN
cblr-7157	1429	24	of	of	ADP
cblr-7157	1429	25	cleansing	cleanse	VERB
cblr-7157	1429	26	conflict	conflict	NOUN
cblr-7157	1429	27	of	of	ADP
cblr-7157	1429	28	interest	interest	NOUN
cblr-7157	1429	29	transactions	transaction	NOUN
cblr-7157	1429	30	.	.	PUNCT
cblr-7157	1430	1	see	see	VERB
cblr-7157	1430	2	supra	supra	PROPN
cblr-7157	1430	3	note	note	PROPN
cblr-7157	1430	4	195	195	NUM
cblr-7157	1430	5	and	and	CCONJ
cblr-7157	1430	6	accompanying	accompany	VERB
cblr-7157	1430	7	text	text	NOUN
cblr-7157	1430	8	.	.	PUNCT
cblr-7157	1431	1	327	327	NUM
cblr-7157	1431	2	see	see	VERB
cblr-7157	1431	3	n.	n.	PROPN
cblr-7157	1431	4	am	am	PROPN
cblr-7157	1431	5	.	.	PUNCT
cblr-7157	1432	1	catholic	catholic	PROPN
cblr-7157	1432	2	educ	educ	PROPN
cblr-7157	1432	3	.	.	PUNCT
cblr-7157	1433	1	programming	programming	NOUN
cblr-7157	1433	2	found	find	VERB
cblr-7157	1433	3	.	.	PUNCT
cblr-7157	1433	4	,	,	PUNCT
cblr-7157	1433	5	inc	inc	PROPN
cblr-7157	1433	6	.	.	PROPN
cblr-7157	1433	7	v.	v.	ADP
cblr-7157	1433	8	gheewalla	gheewalla	PROPN
cblr-7157	1433	9	,	,	PUNCT
cblr-7157	1433	10	930	930	NUM
cblr-7157	1433	11	a.2d	a.2d	NUM
cblr-7157	1433	12	92	92	NUM
cblr-7157	1433	13	,	,	PUNCT
cblr-7157	1433	14	99–101	99–101	PROPN
cblr-7157	1433	15	(	(	PUNCT
cblr-7157	1433	16	del	del	PROPN
cblr-7157	1433	17	.	.	PROPN
cblr-7157	1433	18	2007	2007	NUM
cblr-7157	1433	19	)	)	PUNCT
cblr-7157	1433	20	(	(	PUNCT
cblr-7157	1433	21	explaining	explain	VERB
cblr-7157	1433	22	that	that	SCONJ
cblr-7157	1433	23	many	many	ADJ
cblr-7157	1433	24	judicial	judicial	ADJ
cblr-7157	1433	25	opinions	opinion	NOUN
cblr-7157	1433	26	and	and	CCONJ
cblr-7157	1433	27	scholarly	scholarly	ADJ
cblr-7157	1433	28	articles	article	NOUN
cblr-7157	1433	29	had	have	AUX
cblr-7157	1433	30	addressed	address	VERB
cblr-7157	1433	31	this	this	DET
cblr-7157	1433	32	issue	issue	NOUN
cblr-7157	1433	33	,	,	PUNCT
cblr-7157	1433	34	and	and	CCONJ
cblr-7157	1433	35	acknowledging	acknowledge	VERB
cblr-7157	1433	36	that	that	SCONJ
cblr-7157	1433	37	“	"	PUNCT
cblr-7157	1433	38	the	the	DET
cblr-7157	1433	39	need	need	NOUN
cblr-7157	1433	40	for	for	ADP
cblr-7157	1433	41	providing	provide	VERB
cblr-7157	1433	42	directors	director	NOUN
cblr-7157	1433	43	with	with	ADP
cblr-7157	1433	44	definitive	definitive	ADJ
cblr-7157	1433	45	guidance	guidance	NOUN
cblr-7157	1433	46	compels	compel	VERB
cblr-7157	1433	47	[	[	X
cblr-7157	1433	48	the	the	DET
cblr-7157	1433	49	court	court	NOUN
cblr-7157	1433	50	]	]	PUNCT
cblr-7157	1433	51	to	to	PART
cblr-7157	1433	52	hold	hold	VERB
cblr-7157	1433	53	that	that	SCONJ
cblr-7157	1433	54	no	no	DET
cblr-7157	1433	55	direct	direct	ADJ
cblr-7157	1433	56	claim	claim	NOUN
cblr-7157	1433	57	for	for	ADP
cblr-7157	1433	58	breach	breach	NOUN
cblr-7157	1433	59	of	of	ADP
cblr-7157	1433	60	fiduciary	fiduciary	ADJ
cblr-7157	1433	61	duties	duty	NOUN
cblr-7157	1433	62	may	may	AUX
cblr-7157	1433	63	be	be	AUX
cblr-7157	1433	64	asserted	assert	VERB
cblr-7157	1433	65	by	by	ADP
cblr-7157	1433	66	the	the	DET
cblr-7157	1433	67	creditors	creditor	NOUN
cblr-7157	1433	68	of	of	ADP
cblr-7157	1433	69	a	a	DET
cblr-7157	1433	70	solvent	solvent	ADJ
cblr-7157	1433	71	corporation	corporation	NOUN
cblr-7157	1433	72	that	that	PRON
cblr-7157	1433	73	is	be	AUX
cblr-7157	1433	74	operating	operate	VERB
cblr-7157	1433	75	in	in	ADP
cblr-7157	1433	76	the	the	DET
cblr-7157	1433	77	zone	zone	NOUN
cblr-7157	1433	78	of	of	ADP
cblr-7157	1433	79	insolvency	insolvency	NOUN
cblr-7157	1433	80	”	"	PUNCT
cblr-7157	1433	81	)	)	PUNCT
cblr-7157	1433	82	.	.	PUNCT
cblr-7157	1434	1	328	328	NUM
cblr-7157	1434	2	credit	credit	NOUN
cblr-7157	1434	3	lyonnais	lyonnais	PROPN
cblr-7157	1434	4	bank	bank	PROPN
cblr-7157	1434	5	nederland	nederland	PROPN
cblr-7157	1434	6	,	,	PUNCT
cblr-7157	1434	7	n.v	n.v	PROPN
cblr-7157	1434	8	.	.	PROPN
cblr-7157	1434	9	v.	v.	ADP
cblr-7157	1434	10	pathe	pathe	PROPN
cblr-7157	1434	11	commc’ns	commc’ns	PROPN
cblr-7157	1434	12	corp	corp	PROPN
cblr-7157	1434	13	.	.	PROPN
cblr-7157	1434	14	,	,	PUNCT
cblr-7157	1434	15	c.a	c.a	PROPN
cblr-7157	1434	16	.	.	PROPN
cblr-7157	1434	17	no	no	PROPN
cblr-7157	1434	18	.	.	NOUN
cblr-7157	1434	19	12150	12150	NUM
cblr-7157	1434	20	,	,	PUNCT
cblr-7157	1434	21	1991	1991	NUM
cblr-7157	1434	22	wl	wl	NOUN
cblr-7157	1434	23	277613	277613	NUM
cblr-7157	1434	24	,	,	PUNCT
cblr-7157	1434	25	at	at	ADP
cblr-7157	1434	26	*	*	PROPN
cblr-7157	1434	27	34	34	NUM
cblr-7157	1434	28	(	(	PUNCT
cblr-7157	1434	29	del	del	PROPN
cblr-7157	1434	30	.	.	PROPN
cblr-7157	1434	31	ch	ch	PROPN
cblr-7157	1434	32	.	.	PUNCT
cblr-7157	1434	33	dec	dec	PROPN
cblr-7157	1434	34	.	.	PROPN
cblr-7157	1434	35	30	30	NUM
cblr-7157	1434	36	,	,	PUNCT
cblr-7157	1434	37	1991	1991	NUM
cblr-7157	1434	38	)	)	PUNCT
cblr-7157	1434	39	(	(	PUNCT
cblr-7157	1434	40	“	"	PUNCT
cblr-7157	1434	41	[	[	X
cblr-7157	1434	42	w]here	w]here	NOUN
cblr-7157	1434	43	a	a	DET
cblr-7157	1434	44	corporation	corporation	NOUN
cblr-7157	1434	45	is	be	AUX
cblr-7157	1434	46	operating	operate	VERB
cblr-7157	1434	47	in	in	ADP
cblr-7157	1434	48	the	the	DET
cblr-7157	1434	49	vicinity	vicinity	NOUN
cblr-7157	1434	50	of	of	ADP
cblr-7157	1434	51	insolvency	insolvency	NOUN
cblr-7157	1434	52	,	,	PUNCT
cblr-7157	1434	53	a	a	DET
cblr-7157	1434	54	board	board	NOUN
cblr-7157	1434	55	of	of	ADP
cblr-7157	1434	56	directors	director	NOUN
cblr-7157	1434	57	is	be	AUX
cblr-7157	1434	58	not	not	PART
cblr-7157	1434	59	merely	merely	ADV
cblr-7157	1434	60	the	the	DET
cblr-7157	1434	61	agent	agent	NOUN
cblr-7157	1434	62	of	of	ADP
cblr-7157	1434	63	the	the	DET
cblr-7157	1434	64	residual	residual	ADJ
cblr-7157	1434	65	risk	risk	NOUN
cblr-7157	1434	66	bearers	bearer	NOUN
cblr-7157	1434	67	,	,	PUNCT
cblr-7157	1434	68	but	but	CCONJ
cblr-7157	1434	69	owes	owe	VERB
cblr-7157	1434	70	its	its	PRON
cblr-7157	1434	71	duty	duty	NOUN
cblr-7157	1434	72	to	to	ADP
cblr-7157	1434	73	the	the	DET
cblr-7157	1434	74	corporate	corporate	ADJ
cblr-7157	1434	75	enterprise	enterprise	NOUN
cblr-7157	1434	76	.	.	PUNCT
cblr-7157	1434	77	”	"	PUNCT
cblr-7157	1434	78	)	)	PUNCT
cblr-7157	1434	79	.	.	PUNCT
cblr-7157	1435	1	329	329	NUM
cblr-7157	1435	2	gheewalla	gheewalla	NOUN
cblr-7157	1435	3	,	,	PUNCT
cblr-7157	1435	4	930	930	NUM
cblr-7157	1435	5	a.2d	a.2d	PUNCT
cblr-7157	1435	6	at	at	ADP
cblr-7157	1435	7	101	101	NUM
cblr-7157	1435	8	(	(	PUNCT
cblr-7157	1435	9	“	"	PUNCT
cblr-7157	1435	10	when	when	SCONJ
cblr-7157	1435	11	a	a	DET
cblr-7157	1435	12	solvent	solvent	ADJ
cblr-7157	1435	13	corporation	corporation	NOUN
cblr-7157	1435	14	is	be	AUX
cblr-7157	1435	15	navigating	navigate	VERB
cblr-7157	1435	16	in	in	ADP
cblr-7157	1435	17	the	the	DET
cblr-7157	1435	18	zone	zone	NOUN
cblr-7157	1435	19	of	of	ADP
cblr-7157	1435	20	insolvency	insolvency	NOUN
cblr-7157	1435	21	,	,	PUNCT
cblr-7157	1435	22	the	the	DET
cblr-7157	1435	23	focus	focus	NOUN
cblr-7157	1435	24	for	for	ADP
cblr-7157	1435	25	delaware	delaware	PROPN
cblr-7157	1435	26	directors	director	NOUN
cblr-7157	1435	27	does	do	AUX
cblr-7157	1435	28	not	not	PART
cblr-7157	1435	29	change	change	VERB
cblr-7157	1435	30	:	:	PUNCT
cblr-7157	1435	31	directors	director	NOUN
cblr-7157	1435	32	must	must	AUX
cblr-7157	1435	33	continue	continue	VERB
cblr-7157	1435	34	to	to	PART
cblr-7157	1435	35	discharge	discharge	VERB
cblr-7157	1435	36	their	their	PRON
cblr-7157	1435	37	fiduciary	fiduciary	ADJ
cblr-7157	1435	38	duties	duty	NOUN
cblr-7157	1435	39	to	to	ADP
cblr-7157	1435	40	the	the	DET
cblr-7157	1435	41	corporation	corporation	NOUN
cblr-7157	1435	42	and	and	CCONJ
cblr-7157	1435	43	its	its	PRON
cblr-7157	1435	44	shareholders	shareholder	NOUN
cblr-7157	1435	45	by	by	ADP
cblr-7157	1435	46	exercising	exercise	VERB
cblr-7157	1435	47	their	their	PRON
cblr-7157	1435	48	business	business	NOUN
cblr-7157	1435	49	judgment	judgment	NOUN
cblr-7157	1435	50	in	in	ADP
cblr-7157	1435	51	the	the	DET
cblr-7157	1435	52	best	good	ADJ
cblr-7157	1435	53	interests	interest	NOUN
cblr-7157	1435	54	of	of	ADP
cblr-7157	1435	55	the	the	DET
cblr-7157	1435	56	corporation	corporation	NOUN
cblr-7157	1435	57	for	for	ADP
cblr-7157	1435	58	the	the	DET
cblr-7157	1435	59	benefit	benefit	NOUN
cblr-7157	1435	60	of	of	ADP
cblr-7157	1435	61	its	its	PRON
cblr-7157	1435	62	shareholder	shareholder	NOUN
cblr-7157	1435	63	owners	owner	NOUN
cblr-7157	1435	64	.	.	PUNCT
cblr-7157	1435	65	”	"	PUNCT
cblr-7157	1435	66	)	)	PUNCT
cblr-7157	1435	67	.	.	PUNCT
cblr-7157	1436	1	further	far	ADV
cblr-7157	1436	2	,	,	PUNCT
cblr-7157	1436	3	the	the	DET
cblr-7157	1436	4	mention	mention	NOUN
cblr-7157	1436	5	of	of	ADP
cblr-7157	1436	6	“	"	PUNCT
cblr-7157	1436	7	owners	owner	NOUN
cblr-7157	1436	8	,	,	PUNCT
cblr-7157	1436	9	”	"	PUNCT
cblr-7157	1436	10	although	although	SCONJ
cblr-7157	1436	11	imprecise	imprecise	ADV
cblr-7157	1436	12	,	,	PUNCT
cblr-7157	1436	13	highlights	highlight	VERB
cblr-7157	1436	14	the	the	DET
cblr-7157	1436	15	connection	connection	NOUN
cblr-7157	1436	16	between	between	ADP
cblr-7157	1436	17	property	property	NOUN
cblr-7157	1436	18	and	and	CCONJ
cblr-7157	1436	19	fiduciary	fiduciary	ADJ
cblr-7157	1436	20	duties	duty	NOUN
cblr-7157	1436	21	in	in	ADP
cblr-7157	1436	22	this	this	DET
cblr-7157	1436	23	context	context	NOUN
cblr-7157	1436	24	.	.	PUNCT
cblr-7157	1437	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1437	2	(	(	PUNCT
cblr-7157	1437	3	do	do	AUX
cblr-7157	1437	4	not	not	PART
cblr-7157	1437	5	delete	delete	VERB
cblr-7157	1437	6	)	)	PUNCT
cblr-7157	1437	7	10/2/2020	10/2/2020	NUM
cblr-7157	1437	8	11:44	11:44	NUM
cblr-7157	1437	9	am	be	AUX
cblr-7157	1437	10	no	no	NOUN
cblr-7157	1437	11	.	.	PUNCT
cblr-7157	1437	12	1:1	1:1	NUM
cblr-7157	1437	13	]	]	X
cblr-7157	1437	14	a	a	DET
cblr-7157	1437	15	property	property	NOUN
cblr-7157	1437	16	theory	theory	NOUN
cblr-7157	1437	17	95	95	NUM
cblr-7157	1437	18	the	the	DET
cblr-7157	1437	19	problem	problem	NOUN
cblr-7157	1437	20	is	be	AUX
cblr-7157	1437	21	difficult	difficult	ADJ
cblr-7157	1437	22	because	because	SCONJ
cblr-7157	1437	23	there	there	PRON
cblr-7157	1437	24	is	be	VERB
cblr-7157	1437	25	nothing	nothing	PRON
cblr-7157	1437	26	qualitatively	qualitatively	ADV
cblr-7157	1437	27	different	different	ADJ
cblr-7157	1437	28	about	about	ADP
cblr-7157	1437	29	a	a	DET
cblr-7157	1437	30	corporation	corporation	NOUN
cblr-7157	1437	31	in	in	ADP
cblr-7157	1437	32	the	the	DET
cblr-7157	1437	33	zone	zone	NOUN
cblr-7157	1437	34	of	of	ADP
cblr-7157	1437	35	insolvency	insolvency	NOUN
cblr-7157	1437	36	or	or	CCONJ
cblr-7157	1437	37	even	even	ADV
cblr-7157	1437	38	in	in	ADP
cblr-7157	1437	39	insolvency	insolvency	NOUN
cblr-7157	1437	40	from	from	ADP
cblr-7157	1437	41	a	a	DET
cblr-7157	1437	42	thriving	thriving	ADJ
cblr-7157	1437	43	corporation	corporation	NOUN
cblr-7157	1437	44	.	.	PUNCT
cblr-7157	1438	1	the	the	DET
cblr-7157	1438	2	distinction	distinction	NOUN
cblr-7157	1438	3	is	be	AUX
cblr-7157	1438	4	one	one	NUM
cblr-7157	1438	5	of	of	ADP
cblr-7157	1438	6	degree	degree	NOUN
cblr-7157	1438	7	.	.	PUNCT
cblr-7157	1439	1	in	in	ADP
cblr-7157	1439	2	a	a	DET
cblr-7157	1439	3	healthy	healthy	ADJ
cblr-7157	1439	4	corporation	corporation	NOUN
cblr-7157	1439	5	common	common	ADJ
cblr-7157	1439	6	stockholders	stockholder	NOUN
cblr-7157	1439	7	hold	hold	VERB
cblr-7157	1439	8	the	the	DET
cblr-7157	1439	9	equivalent	equivalent	NOUN
cblr-7157	1439	10	of	of	ADP
cblr-7157	1439	11	an	an	DET
cblr-7157	1439	12	option	option	NOUN
cblr-7157	1439	13	,	,	PUNCT
cblr-7157	1439	14	and	and	CCONJ
cblr-7157	1439	15	the	the	DET
cblr-7157	1439	16	same	same	ADJ
cblr-7157	1439	17	is	be	AUX
cblr-7157	1439	18	true	true	ADJ
cblr-7157	1439	19	in	in	ADP
cblr-7157	1439	20	an	an	DET
cblr-7157	1439	21	unhealthy	unhealthy	ADJ
cblr-7157	1439	22	company	company	NOUN
cblr-7157	1439	23	.	.	PUNCT
cblr-7157	1440	1	in	in	ADP
cblr-7157	1440	2	both	both	DET
cblr-7157	1440	3	companies	company	NOUN
cblr-7157	1440	4	the	the	DET
cblr-7157	1440	5	option	option	NOUN
cblr-7157	1440	6	is	be	AUX
cblr-7157	1440	7	merely	merely	ADV
cblr-7157	1440	8	“	"	PUNCT
cblr-7157	1440	9	in	in	ADP
cblr-7157	1440	10	the	the	DET
cblr-7157	1440	11	money	money	NOUN
cblr-7157	1440	12	”	"	PUNCT
cblr-7157	1440	13	in	in	ADP
cblr-7157	1440	14	the	the	DET
cblr-7157	1440	15	first	first	ADJ
cblr-7157	1440	16	case	case	NOUN
cblr-7157	1440	17	and	and	CCONJ
cblr-7157	1440	18	“	"	PUNCT
cblr-7157	1440	19	out	out	ADP
cblr-7157	1440	20	of	of	ADP
cblr-7157	1440	21	the	the	DET
cblr-7157	1440	22	money	money	NOUN
cblr-7157	1440	23	”	"	PUNCT
cblr-7157	1440	24	in	in	ADP
cblr-7157	1440	25	the	the	DET
cblr-7157	1440	26	other	other	ADJ
cblr-7157	1440	27	.	.	PUNCT
cblr-7157	1441	1	the	the	DET
cblr-7157	1441	2	perceived	perceive	VERB
cblr-7157	1441	3	problems	problem	NOUN
cblr-7157	1441	4	with	with	ADP
cblr-7157	1441	5	the	the	DET
cblr-7157	1441	6	“	"	PUNCT
cblr-7157	1441	7	insolvency	insolvency	NOUN
cblr-7157	1441	8	”	"	PUNCT
cblr-7157	1441	9	or	or	CCONJ
cblr-7157	1441	10	“	"	PUNCT
cblr-7157	1441	11	zone	zone	NOUN
cblr-7157	1441	12	of	of	ADP
cblr-7157	1441	13	insolvency	insolvency	NOUN
cblr-7157	1441	14	”	"	PUNCT
cblr-7157	1441	15	issues	issue	NOUN
cblr-7157	1441	16	are	be	AUX
cblr-7157	1441	17	really	really	ADV
cblr-7157	1441	18	no	no	ADV
cblr-7157	1441	19	different	different	ADJ
cblr-7157	1441	20	from	from	ADP
cblr-7157	1441	21	the	the	DET
cblr-7157	1441	22	issues	issue	NOUN
cblr-7157	1441	23	faced	face	VERB
cblr-7157	1441	24	in	in	ADP
cblr-7157	1441	25	the	the	DET
cblr-7157	1441	26	case	case	NOUN
cblr-7157	1441	27	where	where	SCONJ
cblr-7157	1441	28	negative	negative	ADJ
cblr-7157	1441	29	externalities	externality	NOUN
cblr-7157	1441	30	are	be	AUX
cblr-7157	1441	31	inflicted	inflict	VERB
cblr-7157	1441	32	on	on	ADP
cblr-7157	1441	33	other	other	ADJ
cblr-7157	1441	34	stakeholders	stakeholder	NOUN
cblr-7157	1441	35	of	of	ADP
cblr-7157	1441	36	the	the	DET
cblr-7157	1441	37	corporation	corporation	NOUN
cblr-7157	1441	38	.	.	PUNCT
cblr-7157	1442	1	in	in	ADP
cblr-7157	1442	2	a	a	DET
cblr-7157	1442	3	solvent	solvent	ADJ
cblr-7157	1442	4	corporation	corporation	NOUN
cblr-7157	1442	5	,	,	PUNCT
cblr-7157	1442	6	a	a	DET
cblr-7157	1442	7	board	board	NOUN
cblr-7157	1442	8	does	do	AUX
cblr-7157	1442	9	not	not	PART
cblr-7157	1442	10	violate	violate	VERB
cblr-7157	1442	11	its	its	PRON
cblr-7157	1442	12	fiduciary	fiduciary	ADJ
cblr-7157	1442	13	duties	duty	NOUN
cblr-7157	1442	14	by	by	ADP
cblr-7157	1442	15	failing	fail	VERB
cblr-7157	1442	16	to	to	PART
cblr-7157	1442	17	consider	consider	VERB
cblr-7157	1442	18	the	the	DET
cblr-7157	1442	19	interests	interest	NOUN
cblr-7157	1442	20	of	of	ADP
cblr-7157	1442	21	constituencies	constituency	NOUN
cblr-7157	1442	22	other	other	ADJ
cblr-7157	1442	23	than	than	ADP
cblr-7157	1442	24	shareholders	shareholder	NOUN
cblr-7157	1442	25	in	in	ADP
cblr-7157	1442	26	making	make	VERB
cblr-7157	1442	27	decisions	decision	NOUN
cblr-7157	1442	28	.	.	PUNCT
cblr-7157	1443	1	for	for	ADP
cblr-7157	1443	2	this	this	DET
cblr-7157	1443	3	reason	reason	NOUN
cblr-7157	1443	4	,	,	PUNCT
cblr-7157	1443	5	a	a	DET
cblr-7157	1443	6	board	board	NOUN
cblr-7157	1443	7	can	can	AUX
cblr-7157	1443	8	close	close	VERB
cblr-7157	1443	9	a	a	DET
cblr-7157	1443	10	factory	factory	NOUN
cblr-7157	1443	11	,	,	PUNCT
cblr-7157	1443	12	even	even	ADV
cblr-7157	1443	13	if	if	SCONJ
cblr-7157	1443	14	the	the	DET
cblr-7157	1443	15	economic	economic	ADJ
cblr-7157	1443	16	harm	harm	NOUN
cblr-7157	1443	17	of	of	ADP
cblr-7157	1443	18	closing	close	VERB
cblr-7157	1443	19	the	the	DET
cblr-7157	1443	20	factory	factory	NOUN
cblr-7157	1443	21	outweighs	outweigh	VERB
cblr-7157	1443	22	the	the	DET
cblr-7157	1443	23	benefit	benefit	NOUN
cblr-7157	1443	24	to	to	ADP
cblr-7157	1443	25	the	the	DET
cblr-7157	1443	26	corporation	corporation	NOUN
cblr-7157	1443	27	(	(	PUNCT
cblr-7157	1443	28	or	or	CCONJ
cblr-7157	1443	29	its	its	PRON
cblr-7157	1443	30	shareholders).330	shareholders).330	NOUN
cblr-7157	1443	31	in	in	ADP
cblr-7157	1443	32	other	other	ADJ
cblr-7157	1443	33	words	word	NOUN
cblr-7157	1443	34	,	,	PUNCT
cblr-7157	1443	35	boards	board	NOUN
cblr-7157	1443	36	are	be	AUX
cblr-7157	1443	37	not	not	PART
cblr-7157	1443	38	required	require	VERB
cblr-7157	1443	39	to	to	PART
cblr-7157	1443	40	internalize	internalize	VERB
cblr-7157	1443	41	all	all	DET
cblr-7157	1443	42	costs	cost	NOUN
cblr-7157	1443	43	associated	associate	VERB
cblr-7157	1443	44	with	with	ADP
cblr-7157	1443	45	their	their	PRON
cblr-7157	1443	46	decisions	decision	NOUN
cblr-7157	1443	47	to	to	PART
cblr-7157	1443	48	make	make	VERB
cblr-7157	1443	49	the	the	DET
cblr-7157	1443	50	most	most	ADV
cblr-7157	1443	51	efficient	efficient	ADJ
cblr-7157	1443	52	decision	decision	NOUN
cblr-7157	1443	53	from	from	ADP
cblr-7157	1443	54	a	a	DET
cblr-7157	1443	55	societal	societal	ADJ
cblr-7157	1443	56	perspective	perspective	NOUN
cblr-7157	1443	57	.	.	PUNCT
cblr-7157	1444	1	this	this	PRON
cblr-7157	1444	2	is	be	AUX
cblr-7157	1444	3	as	as	ADV
cblr-7157	1444	4	true	true	ADJ
cblr-7157	1444	5	when	when	SCONJ
cblr-7157	1444	6	the	the	DET
cblr-7157	1444	7	claimant	claimant	NOUN
cblr-7157	1444	8	is	be	AUX
cblr-7157	1444	9	a	a	DET
cblr-7157	1444	10	financial	financial	ADJ
cblr-7157	1444	11	one	one	NOUN
cblr-7157	1444	12	,	,	PUNCT
cblr-7157	1444	13	such	such	ADJ
cblr-7157	1444	14	as	as	ADP
cblr-7157	1444	15	a	a	DET
cblr-7157	1444	16	creditor	creditor	NOUN
cblr-7157	1444	17	,	,	PUNCT
cblr-7157	1444	18	as	as	SCONJ
cblr-7157	1444	19	it	it	PRON
cblr-7157	1444	20	is	be	AUX
cblr-7157	1444	21	when	when	SCONJ
cblr-7157	1444	22	the	the	DET
cblr-7157	1444	23	claimant	claimant	NOUN
cblr-7157	1444	24	has	have	VERB
cblr-7157	1444	25	other	other	ADJ
cblr-7157	1444	26	interests	interest	NOUN
cblr-7157	1444	27	,	,	PUNCT
cblr-7157	1444	28	such	such	ADJ
cblr-7157	1444	29	as	as	ADP
cblr-7157	1444	30	those	those	PRON
cblr-7157	1444	31	of	of	ADP
cblr-7157	1444	32	an	an	DET
cblr-7157	1444	33	employee	employee	NOUN
cblr-7157	1444	34	.	.	PUNCT
cblr-7157	1445	1	the	the	DET
cblr-7157	1445	2	economic	economic	ADJ
cblr-7157	1445	3	intuition	intuition	NOUN
cblr-7157	1445	4	behind	behind	ADP
cblr-7157	1445	5	the	the	DET
cblr-7157	1445	6	shifting	shift	VERB
cblr-7157	1445	7	duties	duty	NOUN
cblr-7157	1445	8	in	in	ADP
cblr-7157	1445	9	the	the	DET
cblr-7157	1445	10	insolvency	insolvency	NOUN
cblr-7157	1445	11	context	context	NOUN
cblr-7157	1445	12	is	be	AUX
cblr-7157	1445	13	cogent	cogent	ADJ
cblr-7157	1445	14	.	.	PUNCT
cblr-7157	1446	1	there	there	PRON
cblr-7157	1446	2	is	be	VERB
cblr-7157	1446	3	a	a	DET
cblr-7157	1446	4	worry	worry	NOUN
cblr-7157	1446	5	that	that	SCONJ
cblr-7157	1446	6	allegiance	allegiance	NOUN
cblr-7157	1446	7	to	to	ADP
cblr-7157	1446	8	shareholders	shareholder	NOUN
cblr-7157	1446	9	(	(	PUNCT
cblr-7157	1446	10	who	who	PRON
cblr-7157	1446	11	,	,	PUNCT
cblr-7157	1446	12	in	in	ADP
cblr-7157	1446	13	the	the	DET
cblr-7157	1446	14	insolvency	insolvency	NOUN
cblr-7157	1446	15	case	case	NOUN
cblr-7157	1446	16	,	,	PUNCT
cblr-7157	1446	17	hold	hold	VERB
cblr-7157	1446	18	out	out	ADP
cblr-7157	1446	19	of	of	ADP
cblr-7157	1446	20	the	the	DET
cblr-7157	1446	21	money	money	NOUN
cblr-7157	1446	22	options	option	NOUN
cblr-7157	1446	23	)	)	PUNCT
cblr-7157	1446	24	will	will	AUX
cblr-7157	1446	25	encourage	encourage	VERB
cblr-7157	1446	26	negative	negative	ADJ
cblr-7157	1446	27	expected	expect	VERB
cblr-7157	1446	28	value	value	NOUN
cblr-7157	1446	29	gambles	gamble	NOUN
cblr-7157	1446	30	,	,	PUNCT
cblr-7157	1446	31	because	because	SCONJ
cblr-7157	1446	32	the	the	DET
cblr-7157	1446	33	shareholders	shareholder	NOUN
cblr-7157	1446	34	do	do	AUX
cblr-7157	1446	35	not	not	PART
cblr-7157	1446	36	internalize	internalize	VERB
cblr-7157	1446	37	the	the	DET
cblr-7157	1446	38	risk	risk	NOUN
cblr-7157	1446	39	to	to	ADP
cblr-7157	1446	40	the	the	DET
cblr-7157	1446	41	debt	debt	NOUN
cblr-7157	1446	42	holders.331	holders.331	NOUN
cblr-7157	1446	43	but	but	CCONJ
cblr-7157	1446	44	this	this	DET
cblr-7157	1446	45	problem	problem	NOUN
cblr-7157	1446	46	has	have	VERB
cblr-7157	1446	47	nothing	nothing	PRON
cblr-7157	1446	48	to	to	PART
cblr-7157	1446	49	do	do	VERB
cblr-7157	1446	50	with	with	ADP
cblr-7157	1446	51	corporate	corporate	ADJ
cblr-7157	1446	52	entities	entity	NOUN
cblr-7157	1446	53	specifically	specifically	ADV
cblr-7157	1446	54	;	;	PUNCT
cblr-7157	1446	55	this	this	PRON
cblr-7157	1446	56	is	be	AUX
cblr-7157	1446	57	a	a	DET
cblr-7157	1446	58	feature	feature	NOUN
cblr-7157	1446	59	of	of	ADP
cblr-7157	1446	60	all	all	DET
cblr-7157	1446	61	debt	debt	NOUN
cblr-7157	1446	62	,	,	PUNCT
cblr-7157	1446	63	even	even	ADV
cblr-7157	1446	64	330	330	NUM
cblr-7157	1446	65	the	the	DET
cblr-7157	1446	66	law	law	NOUN
cblr-7157	1446	67	has	have	AUX
cblr-7157	1446	68	long	long	ADV
cblr-7157	1446	69	been	be	AUX
cblr-7157	1446	70	reasonably	reasonably	ADV
cblr-7157	1446	71	settled	settle	VERB
cblr-7157	1446	72	that	that	SCONJ
cblr-7157	1446	73	directors	director	NOUN
cblr-7157	1446	74	are	be	AUX
cblr-7157	1446	75	not	not	PART
cblr-7157	1446	76	required	require	VERB
cblr-7157	1446	77	to	to	PART
cblr-7157	1446	78	trade	trade	VERB
cblr-7157	1446	79	off	off	ADP
cblr-7157	1446	80	the	the	DET
cblr-7157	1446	81	interests	interest	NOUN
cblr-7157	1446	82	of	of	ADP
cblr-7157	1446	83	other	other	ADJ
cblr-7157	1446	84	constituencies	constituency	NOUN
cblr-7157	1446	85	against	against	ADP
cblr-7157	1446	86	those	those	PRON
cblr-7157	1446	87	of	of	ADP
cblr-7157	1446	88	the	the	DET
cblr-7157	1446	89	shareholders	shareholder	NOUN
cblr-7157	1446	90	.	.	PUNCT
cblr-7157	1447	1	indeed	indeed	ADV
cblr-7157	1447	2	,	,	PUNCT
cblr-7157	1447	3	there	there	PRON
cblr-7157	1447	4	is	be	VERB
cblr-7157	1447	5	a	a	DET
cblr-7157	1447	6	debate	debate	NOUN
cblr-7157	1447	7	as	as	ADP
cblr-7157	1447	8	to	to	ADP
cblr-7157	1447	9	whether	whether	SCONJ
cblr-7157	1447	10	the	the	DET
cblr-7157	1447	11	directors	director	NOUN
cblr-7157	1447	12	even	even	ADV
cblr-7157	1447	13	may	may	AUX
cblr-7157	1447	14	trade	trade	VERB
cblr-7157	1447	15	off	off	ADP
cblr-7157	1447	16	those	those	DET
cblr-7157	1447	17	interests	interest	NOUN
cblr-7157	1447	18	,	,	PUNCT
cblr-7157	1447	19	a	a	DET
cblr-7157	1447	20	concern	concern	NOUN
cblr-7157	1447	21	that	that	PRON
cblr-7157	1447	22	led	lead	VERB
cblr-7157	1447	23	to	to	ADP
cblr-7157	1447	24	the	the	DET
cblr-7157	1447	25	enactment	enactment	NOUN
cblr-7157	1447	26	of	of	ADP
cblr-7157	1447	27	so	so	ADV
cblr-7157	1447	28	-	-	PUNCT
cblr-7157	1447	29	called	call	VERB
cblr-7157	1447	30	“	"	PUNCT
cblr-7157	1447	31	constituency	constituency	NOUN
cblr-7157	1447	32	”	"	PUNCT
cblr-7157	1447	33	statutes	statute	NOUN
cblr-7157	1447	34	in	in	ADP
cblr-7157	1447	35	various	various	ADJ
cblr-7157	1447	36	states	state	NOUN
cblr-7157	1447	37	.	.	PUNCT
cblr-7157	1448	1	see	see	VERB
cblr-7157	1448	2	comm	comm	NOUN
cblr-7157	1448	3	.	.	PUNCT
cblr-7157	1449	1	on	on	ADP
cblr-7157	1449	2	corp	corp	PROPN
cblr-7157	1449	3	.	.	PROPN
cblr-7157	1449	4	laws	law	NOUN
cblr-7157	1449	5	,	,	PUNCT
cblr-7157	1449	6	other	other	ADJ
cblr-7157	1449	7	constituencies	constituency	NOUN
cblr-7157	1449	8	statutes	statute	NOUN
cblr-7157	1449	9	:	:	PUNCT
cblr-7157	1449	10	potential	potential	ADJ
cblr-7157	1449	11	for	for	ADP
cblr-7157	1449	12	confusion	confusion	NOUN
cblr-7157	1449	13	,	,	PUNCT
cblr-7157	1449	14	45	45	NUM
cblr-7157	1449	15	bus	bus	NOUN
cblr-7157	1449	16	.	.	PUNCT
cblr-7157	1450	1	law	law	NOUN
cblr-7157	1450	2	.	.	PUNCT
cblr-7157	1451	1	2253	2253	NUM
cblr-7157	1451	2	,	,	PUNCT
cblr-7157	1451	3	2254	2254	NUM
cblr-7157	1451	4	–	–	PUNCT
cblr-7157	1451	5	61	61	NUM
cblr-7157	1451	6	(	(	PUNCT
cblr-7157	1451	7	1990	1990	NUM
cblr-7157	1451	8	)	)	PUNCT
cblr-7157	1451	9	.	.	PUNCT
cblr-7157	1452	1	331	331	NUM
cblr-7157	1452	2	see	see	VERB
cblr-7157	1452	3	,	,	PUNCT
cblr-7157	1452	4	e.g.	e.g.	ADV
cblr-7157	1452	5	,	,	PUNCT
cblr-7157	1452	6	frederick	frederick	PROPN
cblr-7157	1452	7	tung	tung	PROPN
cblr-7157	1452	8	,	,	PUNCT
cblr-7157	1452	9	the	the	DET
cblr-7157	1452	10	new	new	ADJ
cblr-7157	1452	11	death	death	NOUN
cblr-7157	1452	12	of	of	ADP
cblr-7157	1452	13	contract	contract	NOUN
cblr-7157	1452	14	:	:	PUNCT
cblr-7157	1452	15	creeping	creep	VERB
cblr-7157	1452	16	corporate	corporate	ADJ
cblr-7157	1452	17	fiduciary	fiduciary	ADJ
cblr-7157	1452	18	duties	duty	NOUN
cblr-7157	1452	19	for	for	ADP
cblr-7157	1452	20	creditors	creditor	NOUN
cblr-7157	1452	21	,	,	PUNCT
cblr-7157	1452	22	57	57	NUM
cblr-7157	1452	23	emory	emory	PROPN
cblr-7157	1452	24	l.j	l.j	PROPN
cblr-7157	1452	25	.	.	PROPN
cblr-7157	1452	26	809	809	NUM
cblr-7157	1452	27	,	,	PUNCT
cblr-7157	1452	28	821	821	NUM
cblr-7157	1452	29	(	(	PUNCT
cblr-7157	1452	30	2008	2008	NUM
cblr-7157	1452	31	)	)	PUNCT
cblr-7157	1452	32	(	(	PUNCT
cblr-7157	1452	33	explaining	explain	VERB
cblr-7157	1452	34	how	how	SCONJ
cblr-7157	1452	35	shareholders	shareholder	NOUN
cblr-7157	1452	36	may	may	AUX
cblr-7157	1452	37	even	even	ADV
cblr-7157	1452	38	prefer	prefer	VERB
cblr-7157	1452	39	negative	negative	ADJ
cblr-7157	1452	40	expected	expect	VERB
cblr-7157	1452	41	value	value	NOUN
cblr-7157	1452	42	gambles	gamble	NOUN
cblr-7157	1452	43	because	because	SCONJ
cblr-7157	1452	44	of	of	ADP
cblr-7157	1452	45	their	their	PRON
cblr-7157	1452	46	limited	limited	ADJ
cblr-7157	1452	47	liability	liability	NOUN
cblr-7157	1452	48	)	)	PUNCT
cblr-7157	1452	49	.	.	PUNCT
cblr-7157	1453	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1453	2	(	(	PUNCT
cblr-7157	1453	3	do	do	AUX
cblr-7157	1453	4	not	not	PART
cblr-7157	1453	5	delte	delte	VERB
cblr-7157	1453	6	)	)	PUNCT
cblr-7157	1453	7	10/2/2020	10/2/2020	NUM
cblr-7157	1453	8	11:44	11:44	NUM
cblr-7157	1453	9	am	am	NOUN
cblr-7157	1453	10	96	96	NUM
cblr-7157	1453	11	columbia	columbia	PROPN
cblr-7157	1453	12	business	business	NOUN
cblr-7157	1453	13	law	law	PROPN
cblr-7157	1453	14	review	review	NOUN
cblr-7157	1453	15	[	[	X
cblr-7157	1453	16	vol	vol	NOUN
cblr-7157	1453	17	.	.	PUNCT
cblr-7157	1453	18	2020	2020	NUM
cblr-7157	1453	19	that	that	PRON
cblr-7157	1453	20	owed	owe	VERB
cblr-7157	1453	21	by	by	ADP
cblr-7157	1453	22	individuals	individual	NOUN
cblr-7157	1453	23	.	.	PUNCT
cblr-7157	1454	1	this	this	PRON
cblr-7157	1454	2	is	be	AUX
cblr-7157	1454	3	one	one	NUM
cblr-7157	1454	4	important	important	ADJ
cblr-7157	1454	5	reason	reason	NOUN
cblr-7157	1454	6	why	why	SCONJ
cblr-7157	1454	7	bankruptcy	bankruptcy	NOUN
cblr-7157	1454	8	law	law	NOUN
cblr-7157	1454	9	and	and	CCONJ
cblr-7157	1454	10	fraudulent	fraudulent	ADJ
cblr-7157	1454	11	transfer	transfer	NOUN
cblr-7157	1454	12	law	law	NOUN
cblr-7157	1454	13	exist	exist	VERB
cblr-7157	1454	14	.	.	PUNCT
cblr-7157	1455	1	corporate	corporate	ADJ
cblr-7157	1455	2	law	law	NOUN
cblr-7157	1455	3	could	could	AUX
cblr-7157	1455	4	not	not	PART
cblr-7157	1455	5	protect	protect	VERB
cblr-7157	1455	6	creditors	creditor	NOUN
cblr-7157	1455	7	where	where	SCONJ
cblr-7157	1455	8	an	an	DET
cblr-7157	1455	9	individual	individual	NOUN
cblr-7157	1455	10	was	be	AUX
cblr-7157	1455	11	insolvent	insolvent	ADJ
cblr-7157	1455	12	,	,	PUNCT
cblr-7157	1455	13	and	and	CCONJ
cblr-7157	1455	14	it	it	PRON
cblr-7157	1455	15	does	do	AUX
cblr-7157	1455	16	not	not	PART
cblr-7157	1455	17	provide	provide	VERB
cblr-7157	1455	18	the	the	DET
cblr-7157	1455	19	primary	primary	ADJ
cblr-7157	1455	20	protection	protection	NOUN
cblr-7157	1455	21	for	for	ADP
cblr-7157	1455	22	creditors	creditor	NOUN
cblr-7157	1455	23	when	when	SCONJ
cblr-7157	1455	24	a	a	DET
cblr-7157	1455	25	corporation	corporation	NOUN
cblr-7157	1455	26	is	be	AUX
cblr-7157	1455	27	insolvent	insolvent	ADJ
cblr-7157	1455	28	.	.	PUNCT
cblr-7157	1456	1	the	the	DET
cblr-7157	1456	2	reason	reason	NOUN
cblr-7157	1456	3	why	why	SCONJ
cblr-7157	1456	4	the	the	DET
cblr-7157	1456	5	insolvency	insolvency	NOUN
cblr-7157	1456	6	discussion	discussion	NOUN
cblr-7157	1456	7	appears	appear	VERB
cblr-7157	1456	8	to	to	PART
cblr-7157	1456	9	cause	cause	VERB
cblr-7157	1456	10	problems	problem	NOUN
cblr-7157	1456	11	is	be	AUX
cblr-7157	1456	12	because	because	SCONJ
cblr-7157	1456	13	of	of	ADP
cblr-7157	1456	14	the	the	DET
cblr-7157	1456	15	residual	residual	ADJ
cblr-7157	1456	16	claimant	claimant	NOUN
cblr-7157	1456	17	analysis	analysis	NOUN
cblr-7157	1456	18	,	,	PUNCT
cblr-7157	1456	19	which	which	PRON
cblr-7157	1456	20	the	the	DET
cblr-7157	1456	21	property	property	NOUN
cblr-7157	1456	22	theory	theory	NOUN
cblr-7157	1456	23	sidelines	sideline	VERB
cblr-7157	1456	24	.	.	PUNCT
cblr-7157	1457	1	if	if	SCONJ
cblr-7157	1457	2	shareholders	shareholder	NOUN
cblr-7157	1457	3	are	be	AUX
cblr-7157	1457	4	owed	owe	VERB
cblr-7157	1457	5	fiduciary	fiduciary	ADJ
cblr-7157	1457	6	duties	duty	NOUN
cblr-7157	1457	7	because	because	SCONJ
cblr-7157	1457	8	they	they	PRON
cblr-7157	1457	9	are	be	AUX
cblr-7157	1457	10	residual	residual	ADJ
cblr-7157	1457	11	claimants	claimant	NOUN
cblr-7157	1457	12	,	,	PUNCT
cblr-7157	1457	13	then	then	ADV
cblr-7157	1457	14	those	those	DET
cblr-7157	1457	15	fiduciary	fiduciary	ADJ
cblr-7157	1457	16	duties	duty	NOUN
cblr-7157	1457	17	should	should	AUX
cblr-7157	1457	18	shift	shift	VERB
cblr-7157	1457	19	when	when	SCONJ
cblr-7157	1457	20	they	they	PRON
cblr-7157	1457	21	are	be	AUX
cblr-7157	1457	22	no	no	ADV
cblr-7157	1457	23	longer	long	ADV
cblr-7157	1457	24	residual	residual	ADJ
cblr-7157	1457	25	claimants	claimant	NOUN
cblr-7157	1457	26	.	.	PUNCT
cblr-7157	1458	1	when	when	SCONJ
cblr-7157	1458	2	a	a	DET
cblr-7157	1458	3	firm	firm	NOUN
cblr-7157	1458	4	is	be	AUX
cblr-7157	1458	5	“	"	PUNCT
cblr-7157	1458	6	underwater	underwater	ADJ
cblr-7157	1458	7	,	,	PUNCT
cblr-7157	1458	8	”	"	PUNCT
cblr-7157	1458	9	the	the	DET
cblr-7157	1458	10	voting	voting	NOUN
cblr-7157	1458	11	rights	right	NOUN
cblr-7157	1458	12	in	in	ADP
cblr-7157	1458	13	the	the	DET
cblr-7157	1458	14	firm	firm	NOUN
cblr-7157	1458	15	should	should	AUX
cblr-7157	1458	16	follow	follow	VERB
cblr-7157	1458	17	the	the	DET
cblr-7157	1458	18	residual	residual	ADJ
cblr-7157	1458	19	rights	right	NOUN
cblr-7157	1458	20	and	and	CCONJ
cblr-7157	1458	21	shift	shift	NOUN
cblr-7157	1458	22	from	from	ADP
cblr-7157	1458	23	shareholders	shareholder	NOUN
cblr-7157	1458	24	to	to	ADP
cblr-7157	1458	25	creditors.332	creditors.332	PRON
cblr-7157	1458	26	one	one	PRON
cblr-7157	1458	27	could	could	AUX
cblr-7157	1458	28	distinguish	distinguish	VERB
cblr-7157	1458	29	shareholders	shareholder	NOUN
cblr-7157	1458	30	because	because	SCONJ
cblr-7157	1458	31	shareholders	shareholder	NOUN
cblr-7157	1458	32	are	be	AUX
cblr-7157	1458	33	entitled	entitle	VERB
cblr-7157	1458	34	to	to	ADP
cblr-7157	1458	35	whatever	whatever	PRON
cblr-7157	1458	36	is	be	AUX
cblr-7157	1458	37	left	leave	VERB
cblr-7157	1458	38	in	in	ADP
cblr-7157	1458	39	the	the	DET
cblr-7157	1458	40	corporation	corporation	NOUN
cblr-7157	1458	41	after	after	SCONJ
cblr-7157	1458	42	fixed	fix	VERB
cblr-7157	1458	43	claims	claim	NOUN
cblr-7157	1458	44	are	be	AUX
cblr-7157	1458	45	paid.333	paid.333	NOUN
cblr-7157	1458	46	in	in	ADP
cblr-7157	1458	47	this	this	DET
cblr-7157	1458	48	sense	sense	NOUN
cblr-7157	1458	49	,	,	PUNCT
cblr-7157	1458	50	shareholders	shareholder	NOUN
cblr-7157	1458	51	’	'	PUNCT
cblr-7157	1458	52	residual	residual	ADJ
cblr-7157	1458	53	claims	claim	NOUN
cblr-7157	1458	54	are	be	AUX
cblr-7157	1458	55	qualitatively	qualitatively	ADV
cblr-7157	1458	56	different	different	ADJ
cblr-7157	1458	57	than	than	ADP
cblr-7157	1458	58	those	those	PRON
cblr-7157	1458	59	of	of	ADP
cblr-7157	1458	60	other	other	ADJ
cblr-7157	1458	61	residual	residual	ADJ
cblr-7157	1458	62	claimants	claimant	NOUN
cblr-7157	1458	63	.	.	PUNCT
cblr-7157	1459	1	the	the	DET
cblr-7157	1459	2	same	same	ADJ
cblr-7157	1459	3	is	be	AUX
cblr-7157	1459	4	true	true	ADJ
cblr-7157	1459	5	for	for	ADP
cblr-7157	1459	6	debt	debt	NOUN
cblr-7157	1459	7	claims	claim	NOUN
cblr-7157	1459	8	when	when	SCONJ
cblr-7157	1459	9	a	a	DET
cblr-7157	1459	10	corporation	corporation	NOUN
cblr-7157	1459	11	is	be	AUX
cblr-7157	1459	12	insolvent	insolvent	ADJ
cblr-7157	1459	13	.	.	PUNCT
cblr-7157	1460	1	this	this	PRON
cblr-7157	1460	2	is	be	AUX
cblr-7157	1460	3	one	one	NUM
cblr-7157	1460	4	potential	potential	ADJ
cblr-7157	1460	5	justification	justification	NOUN
cblr-7157	1460	6	for	for	ADP
cblr-7157	1460	7	treating	treat	VERB
cblr-7157	1460	8	externalities	externality	NOUN
cblr-7157	1460	9	of	of	ADP
cblr-7157	1460	10	the	the	DET
cblr-7157	1460	11	debt	debt	NOUN
cblr-7157	1460	12	differently	differently	ADV
cblr-7157	1460	13	from	from	ADP
cblr-7157	1460	14	externalities	externality	NOUN
cblr-7157	1460	15	generally	generally	ADV
cblr-7157	1460	16	—	—	PUNCT
cblr-7157	1460	17	the	the	DET
cblr-7157	1460	18	debt	debt	NOUN
cblr-7157	1460	19	holders	holder	NOUN
cblr-7157	1460	20	may	may	AUX
cblr-7157	1460	21	become	become	VERB
cblr-7157	1460	22	“	"	PUNCT
cblr-7157	1460	23	residual	residual	ADJ
cblr-7157	1460	24	”	"	PUNCT
cblr-7157	1460	25	in	in	ADP
cblr-7157	1460	26	the	the	DET
cblr-7157	1460	27	sense	sense	NOUN
cblr-7157	1460	28	of	of	ADP
cblr-7157	1460	29	being	be	AUX
cblr-7157	1460	30	entitled	entitle	VERB
cblr-7157	1460	31	to	to	ADP
cblr-7157	1460	32	a	a	DET
cblr-7157	1460	33	payout	payout	NOUN
cblr-7157	1460	34	of	of	ADP
cblr-7157	1460	35	whatever	whatever	PRON
cblr-7157	1460	36	is	be	AUX
cblr-7157	1460	37	left	leave	VERB
cblr-7157	1460	38	.	.	PUNCT
cblr-7157	1461	1	but	but	CCONJ
cblr-7157	1461	2	if	if	SCONJ
cblr-7157	1461	3	instead	instead	ADV
cblr-7157	1461	4	fiduciary	fiduciary	ADJ
cblr-7157	1461	5	duties	duty	NOUN
cblr-7157	1461	6	are	be	AUX
cblr-7157	1461	7	based	base	VERB
cblr-7157	1461	8	on	on	ADP
cblr-7157	1461	9	ownership	ownership	NOUN
cblr-7157	1461	10	as	as	SCONJ
cblr-7157	1461	11	determined	determine	VERB
cblr-7157	1461	12	by	by	ADP
cblr-7157	1461	13	voting	vote	VERB
cblr-7157	1461	14	power	power	NOUN
cblr-7157	1461	15	,	,	PUNCT
cblr-7157	1461	16	things	thing	NOUN
cblr-7157	1461	17	become	become	VERB
cblr-7157	1461	18	much	much	ADV
cblr-7157	1461	19	simpler	simple	ADJ
cblr-7157	1461	20	.	.	PUNCT
cblr-7157	1462	1	in	in	ADP
cblr-7157	1462	2	that	that	DET
cblr-7157	1462	3	case	case	NOUN
cblr-7157	1462	4	,	,	PUNCT
cblr-7157	1462	5	boards	board	NOUN
cblr-7157	1462	6	should	should	AUX
cblr-7157	1462	7	remain	remain	VERB
cblr-7157	1462	8	loyal	loyal	ADJ
cblr-7157	1462	9	to	to	ADP
cblr-7157	1462	10	their	their	PRON
cblr-7157	1462	11	shareholders	shareholder	NOUN
cblr-7157	1462	12	’	'	PUNCT
cblr-7157	1462	13	interests	interest	NOUN
cblr-7157	1462	14	until	until	ADP
cblr-7157	1462	15	the	the	DET
cblr-7157	1462	16	filing	filing	NOUN
cblr-7157	1462	17	of	of	ADP
cblr-7157	1462	18	a	a	DET
cblr-7157	1462	19	bankruptcy	bankruptcy	NOUN
cblr-7157	1462	20	petition	petition	NOUN
cblr-7157	1462	21	.	.	PUNCT
cblr-7157	1463	1	why	why	SCONJ
cblr-7157	1463	2	?	?	PUNCT
cblr-7157	1464	1	because	because	SCONJ
cblr-7157	1464	2	other	other	ADJ
cblr-7157	1464	3	law	law	NOUN
cblr-7157	1464	4	protects	protect	VERB
cblr-7157	1464	5	creditors	creditor	NOUN
cblr-7157	1464	6	,	,	PUNCT
cblr-7157	1464	7	but	but	CCONJ
cblr-7157	1464	8	no	no	DET
cblr-7157	1464	9	other	other	ADJ
cblr-7157	1464	10	law	law	NOUN
cblr-7157	1464	11	protects	protect	VERB
cblr-7157	1464	12	shareholders	shareholder	NOUN
cblr-7157	1464	13	.	.	PUNCT
cblr-7157	1465	1	this	this	DET
cblr-7157	1465	2	rule	rule	NOUN
cblr-7157	1465	3	resonates	resonate	VERB
cblr-7157	1465	4	well	well	ADV
cblr-7157	1465	5	with	with	ADP
cblr-7157	1465	6	recent	recent	ADJ
cblr-7157	1465	7	delaware	delaware	PROPN
cblr-7157	1465	8	decisions	decision	NOUN
cblr-7157	1465	9	rejecting	reject	VERB
cblr-7157	1465	10	the	the	DET
cblr-7157	1465	11	shift	shift	NOUN
cblr-7157	1465	12	of	of	ADP
cblr-7157	1465	13	fiduciary	fiduciary	ADJ
cblr-7157	1465	14	duties	duty	NOUN
cblr-7157	1465	15	to	to	ADP
cblr-7157	1465	16	debt	debt	NOUN
cblr-7157	1465	17	holders	holder	NOUN
cblr-7157	1465	18	in	in	ADP
cblr-7157	1465	19	the	the	DET
cblr-7157	1465	20	“	"	PUNCT
cblr-7157	1465	21	zone	zone	NOUN
cblr-7157	1465	22	of	of	ADP
cblr-7157	1465	23	insolvency	insolvency	NOUN
cblr-7157	1465	24	.	.	PUNCT
cblr-7157	1465	25	”334	”334	PUNCT
cblr-7157	1466	1	however	however	ADV
cblr-7157	1466	2	,	,	PUNCT
cblr-7157	1466	3	it	it	PRON
cblr-7157	1466	4	also	also	ADV
cblr-7157	1466	5	helps	help	VERB
cblr-7157	1466	6	to	to	PART
cblr-7157	1466	7	explain	explain	VERB
cblr-7157	1466	8	otherwise	otherwise	ADV
cblr-7157	1466	9	problematic	problematic	ADJ
cblr-7157	1466	10	decisions	decision	NOUN
cblr-7157	1466	11	relevant	relevant	ADJ
cblr-7157	1466	12	to	to	ADP
cblr-7157	1466	13	corporations	corporation	NOUN
cblr-7157	1466	14	in	in	ADP
cblr-7157	1466	15	insolvency	insolvency	NOUN
cblr-7157	1466	16	.	.	PUNCT
cblr-7157	1467	1	consider	consider	VERB
cblr-7157	1467	2	the	the	DET
cblr-7157	1467	3	delaware	delaware	PROPN
cblr-7157	1467	4	chancery	chancery	PROPN
cblr-7157	1467	5	court	court	PROPN
cblr-7157	1467	6	’s	’s	PART
cblr-7157	1467	7	recent	recent	ADJ
cblr-7157	1467	8	analysis	analysis	NOUN
cblr-7157	1467	9	in	in	ADP
cblr-7157	1467	10	the	the	DET
cblr-7157	1467	11	insolvency	insolvency	NOUN
cblr-7157	1467	12	context	context	NOUN
cblr-7157	1467	13	:	:	PUNCT
cblr-7157	1467	14	when	when	SCONJ
cblr-7157	1467	15	directors	director	NOUN
cblr-7157	1467	16	of	of	ADP
cblr-7157	1467	17	an	an	DET
cblr-7157	1467	18	insolvent	insolvent	ADJ
cblr-7157	1467	19	corporation	corporation	NOUN
cblr-7157	1467	20	make	make	VERB
cblr-7157	1467	21	decisions	decision	NOUN
cblr-7157	1467	22	that	that	PRON
cblr-7157	1467	23	increase	increase	VERB
cblr-7157	1467	24	or	or	CCONJ
cblr-7157	1467	25	decrease	decrease	VERB
cblr-7157	1467	26	the	the	DET
cblr-7157	1467	27	value	value	NOUN
cblr-7157	1467	28	of	of	ADP
cblr-7157	1467	29	the	the	DET
cblr-7157	1467	30	firm	firm	NOUN
cblr-7157	1467	31	as	as	ADP
cblr-7157	1467	32	332	332	NUM
cblr-7157	1467	33	easterbrook	easterbrook	PROPN
cblr-7157	1467	34	&	&	CCONJ
cblr-7157	1467	35	fischel	fischel	PROPN
cblr-7157	1467	36	,	,	PUNCT
cblr-7157	1467	37	supra	supra	PROPN
cblr-7157	1467	38	note	note	NOUN
cblr-7157	1467	39	48	48	NUM
cblr-7157	1467	40	,	,	PUNCT
cblr-7157	1467	41	at	at	ADP
cblr-7157	1467	42	404	404	NUM
cblr-7157	1467	43	.	.	PUNCT
cblr-7157	1468	1	333	333	NUM
cblr-7157	1468	2	see	see	VERB
cblr-7157	1468	3	velasco	velasco	PROPN
cblr-7157	1468	4	,	,	PUNCT
cblr-7157	1468	5	supra	supra	PROPN
cblr-7157	1468	6	note	note	PROPN
cblr-7157	1468	7	8	8	NUM
cblr-7157	1468	8	,	,	PUNCT
cblr-7157	1468	9	at	at	ADP
cblr-7157	1468	10	912–13	912–13	NUM
cblr-7157	1468	11	.	.	PUNCT
cblr-7157	1469	1	334	334	NUM
cblr-7157	1469	2	see	see	VERB
cblr-7157	1469	3	gheewalla	gheewalla	NOUN
cblr-7157	1469	4	,	,	PUNCT
cblr-7157	1469	5	930	930	NUM
cblr-7157	1469	6	a.2d	a.2d	X
cblr-7157	1469	7	.	.	PUNCT
cblr-7157	1469	8	at	at	ADP
cblr-7157	1469	9	103	103	NUM
cblr-7157	1469	10	.	.	PUNCT
cblr-7157	1470	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1470	2	(	(	PUNCT
cblr-7157	1470	3	do	do	AUX
cblr-7157	1470	4	not	not	PART
cblr-7157	1470	5	delete	delete	VERB
cblr-7157	1470	6	)	)	PUNCT
cblr-7157	1470	7	10/2/2020	10/2/2020	NUM
cblr-7157	1470	8	11:44	11:44	NUM
cblr-7157	1470	9	am	be	AUX
cblr-7157	1470	10	no	no	NOUN
cblr-7157	1470	11	.	.	PUNCT
cblr-7157	1470	12	1:1	1:1	NUM
cblr-7157	1470	13	]	]	X
cblr-7157	1470	14	a	a	DET
cblr-7157	1470	15	property	property	NOUN
cblr-7157	1470	16	theory	theory	NOUN
cblr-7157	1470	17	97	97	NUM
cblr-7157	1470	18	a	a	DET
cblr-7157	1470	19	whole	whole	NOUN
cblr-7157	1470	20	and	and	CCONJ
cblr-7157	1470	21	affect	affect	VERB
cblr-7157	1470	22	providers	provider	NOUN
cblr-7157	1470	23	of	of	ADP
cblr-7157	1470	24	capital	capital	NOUN
cblr-7157	1470	25	differently	differently	ADV
cblr-7157	1470	26	only	only	ADV
cblr-7157	1470	27	due	due	ADP
cblr-7157	1470	28	to	to	ADP
cblr-7157	1470	29	their	their	PRON
cblr-7157	1470	30	relative	relative	ADJ
cblr-7157	1470	31	priority	priority	NOUN
cblr-7157	1470	32	in	in	ADP
cblr-7157	1470	33	the	the	DET
cblr-7157	1470	34	capital	capital	NOUN
cblr-7157	1470	35	stack	stack	NOUN
cblr-7157	1470	36	,	,	PUNCT
cblr-7157	1470	37	directors	director	NOUN
cblr-7157	1470	38	do	do	AUX
cblr-7157	1470	39	not	not	PART
cblr-7157	1470	40	face	face	VERB
cblr-7157	1470	41	a	a	DET
cblr-7157	1470	42	conflict	conflict	NOUN
cblr-7157	1470	43	of	of	ADP
cblr-7157	1470	44	interest	interest	NOUN
cblr-7157	1470	45	simply	simply	ADV
cblr-7157	1470	46	because	because	SCONJ
cblr-7157	1470	47	they	they	PRON
cblr-7157	1470	48	own	own	VERB
cblr-7157	1470	49	common	common	ADJ
cblr-7157	1470	50	stock	stock	NOUN
cblr-7157	1470	51	or	or	CCONJ
cblr-7157	1470	52	owe	owe	VERB
cblr-7157	1470	53	duties	duty	NOUN
cblr-7157	1470	54	to	to	ADP
cblr-7157	1470	55	large	large	ADJ
cblr-7157	1470	56	common	common	ADJ
cblr-7157	1470	57	stockholders	stockholder	NOUN
cblr-7157	1470	58	.	.	PUNCT
cblr-7157	1471	1	just	just	ADV
cblr-7157	1471	2	as	as	SCONJ
cblr-7157	1471	3	in	in	ADP
cblr-7157	1471	4	a	a	DET
cblr-7157	1471	5	solvent	solvent	ADJ
cblr-7157	1471	6	corporation	corporation	NOUN
cblr-7157	1471	7	,	,	PUNCT
cblr-7157	1471	8	common	common	ADJ
cblr-7157	1471	9	stock	stock	NOUN
cblr-7157	1471	10	ownership	ownership	NOUN
cblr-7157	1471	11	standing	stand	VERB
cblr-7157	1471	12	alone	alone	ADV
cblr-7157	1471	13	does	do	AUX
cblr-7157	1471	14	not	not	PART
cblr-7157	1471	15	give	give	VERB
cblr-7157	1471	16	rise	rise	NOUN
cblr-7157	1471	17	to	to	ADP
cblr-7157	1471	18	a	a	DET
cblr-7157	1471	19	conflict	conflict	NOUN
cblr-7157	1471	20	of	of	ADP
cblr-7157	1471	21	interest	interest	NOUN
cblr-7157	1471	22	.	.	PUNCT
cblr-7157	1472	1	the	the	DET
cblr-7157	1472	2	business	business	NOUN
cblr-7157	1472	3	judgment	judgment	NOUN
cblr-7157	1472	4	rule	rule	NOUN
cblr-7157	1472	5	protects	protect	VERB
cblr-7157	1472	6	decisions	decision	NOUN
cblr-7157	1472	7	that	that	PRON
cblr-7157	1472	8	affect	affect	VERB
cblr-7157	1472	9	participants	participant	NOUN
cblr-7157	1472	10	in	in	ADP
cblr-7157	1472	11	the	the	DET
cblr-7157	1472	12	capital	capital	NOUN
cblr-7157	1472	13	structure	structure	NOUN
cblr-7157	1472	14	in	in	ADP
cblr-7157	1472	15	accordance	accordance	NOUN
cblr-7157	1472	16	with	with	ADP
cblr-7157	1472	17	the	the	DET
cblr-7157	1472	18	priority	priority	NOUN
cblr-7157	1472	19	of	of	ADP
cblr-7157	1472	20	their	their	PRON
cblr-7157	1472	21	claims.335	claims.335	NOUN
cblr-7157	1472	22	if	if	SCONJ
cblr-7157	1472	23	corporate	corporate	ADJ
cblr-7157	1472	24	law	law	NOUN
cblr-7157	1472	25	requires	require	VERB
cblr-7157	1472	26	fidelity	fidelity	NOUN
cblr-7157	1472	27	to	to	ADP
cblr-7157	1472	28	voting	vote	VERB
cblr-7157	1472	29	interests	interest	NOUN
cblr-7157	1472	30	even	even	ADV
cblr-7157	1472	31	in	in	ADP
cblr-7157	1472	32	the	the	DET
cblr-7157	1472	33	periphery	periphery	NOUN
cblr-7157	1472	34	of	of	ADP
cblr-7157	1472	35	insolvency	insolvency	NOUN
cblr-7157	1472	36	,	,	PUNCT
cblr-7157	1472	37	how	how	SCONJ
cblr-7157	1472	38	is	be	AUX
cblr-7157	1472	39	it	it	PRON
cblr-7157	1472	40	that	that	SCONJ
cblr-7157	1472	41	those	those	DET
cblr-7157	1472	42	duties	duty	NOUN
cblr-7157	1472	43	are	be	AUX
cblr-7157	1472	44	transferred	transfer	VERB
cblr-7157	1472	45	in	in	ADP
cblr-7157	1472	46	bankruptcy	bankruptcy	NOUN
cblr-7157	1472	47	?	?	PUNCT
cblr-7157	1473	1	federal	federal	ADJ
cblr-7157	1473	2	bankruptcy	bankruptcy	NOUN
cblr-7157	1473	3	law	law	NOUN
cblr-7157	1473	4	takes	take	VERB
cblr-7157	1473	5	over	over	ADP
cblr-7157	1473	6	and	and	CCONJ
cblr-7157	1473	7	supersedes	supersede	VERB
cblr-7157	1473	8	corporate	corporate	ADJ
cblr-7157	1473	9	law	law	NOUN
cblr-7157	1473	10	voting	voting	NOUN
cblr-7157	1473	11	rules	rule	NOUN
cblr-7157	1473	12	in	in	ADP
cblr-7157	1473	13	providing	provide	VERB
cblr-7157	1473	14	voting	voting	NOUN
cblr-7157	1473	15	rights	right	NOUN
cblr-7157	1473	16	to	to	PART
cblr-7157	1473	17	creditors.336	creditors.336	VERB
cblr-7157	1473	18	specifically	specifically	ADV
cblr-7157	1473	19	,	,	PUNCT
cblr-7157	1473	20	“	"	PUNCT
cblr-7157	1473	21	[	[	X
cblr-7157	1473	22	a]fter	a]fter	NOUN
cblr-7157	1473	23	a	a	DET
cblr-7157	1473	24	chapter	chapter	NOUN
cblr-7157	1473	25	11	11	NUM
cblr-7157	1473	26	petition	petition	NOUN
cblr-7157	1473	27	has	have	AUX
cblr-7157	1473	28	been	be	AUX
cblr-7157	1473	29	filed	file	VERB
cblr-7157	1473	30	,	,	PUNCT
cblr-7157	1473	31	corporate	corporate	ADJ
cblr-7157	1473	32	voting	voting	NOUN
cblr-7157	1473	33	is	be	AUX
cblr-7157	1473	34	governed	govern	VERB
cblr-7157	1473	35	by	by	ADP
cblr-7157	1473	36	a	a	DET
cblr-7157	1473	37	federally	federally	ADV
cblr-7157	1473	38	imposed	impose	VERB
cblr-7157	1473	39	bankruptcy	bankruptcy	NOUN
cblr-7157	1473	40	system	system	NOUN
cblr-7157	1473	41	,	,	PUNCT
cblr-7157	1473	42	”	"	PUNCT
cblr-7157	1473	43	in	in	ADP
cblr-7157	1473	44	which	which	PRON
cblr-7157	1473	45	“	"	PUNCT
cblr-7157	1473	46	every	every	DET
cblr-7157	1473	47	holder	holder	NOUN
cblr-7157	1473	48	of	of	ADP
cblr-7157	1473	49	a	a	DET
cblr-7157	1473	50	claim	claim	NOUN
cblr-7157	1473	51	or	or	CCONJ
cblr-7157	1473	52	interest	interest	NOUN
cblr-7157	1473	53	”	"	PUNCT
cblr-7157	1473	54	is	be	AUX
cblr-7157	1473	55	entitled	entitle	VERB
cblr-7157	1473	56	to	to	PART
cblr-7157	1473	57	vote	vote	VERB
cblr-7157	1473	58	on	on	ADP
cblr-7157	1473	59	the	the	DET
cblr-7157	1473	60	reorganization	reorganization	NOUN
cblr-7157	1473	61	plan	plan	NOUN
cblr-7157	1473	62	,	,	PUNCT
cblr-7157	1473	63	with	with	ADP
cblr-7157	1473	64	certain	certain	ADJ
cblr-7157	1473	65	exceptions.337	exceptions.337	PROPN
cblr-7157	1473	66	what	what	PRON
cblr-7157	1473	67	federal	federal	ADJ
cblr-7157	1473	68	bankruptcy	bankruptcy	NOUN
cblr-7157	1473	69	law	law	NOUN
cblr-7157	1473	70	is	be	AUX
cblr-7157	1473	71	doing	do	VERB
cblr-7157	1473	72	here	here	ADV
cblr-7157	1473	73	is	be	AUX
cblr-7157	1473	74	enlarging	enlarge	VERB
cblr-7157	1473	75	creditors	creditor	NOUN
cblr-7157	1473	76	’	’	PART
cblr-7157	1473	77	ownership	ownership	NOUN
cblr-7157	1473	78	interests	interest	NOUN
cblr-7157	1473	79	in	in	ADP
cblr-7157	1473	80	the	the	DET
cblr-7157	1473	81	corporation	corporation	NOUN
cblr-7157	1473	82	.	.	PUNCT
cblr-7157	1474	1	the	the	DET
cblr-7157	1474	2	insolvency	insolvency	NOUN
cblr-7157	1474	3	analysis	analysis	NOUN
cblr-7157	1474	4	illustrates	illustrate	VERB
cblr-7157	1474	5	the	the	DET
cblr-7157	1474	6	inadequacy	inadequacy	NOUN
cblr-7157	1474	7	of	of	ADP
cblr-7157	1474	8	the	the	DET
cblr-7157	1474	9	economic	economic	ADJ
cblr-7157	1474	10	residual	residual	ADJ
cblr-7157	1474	11	claimant	claimant	NOUN
cblr-7157	1474	12	analysis	analysis	NOUN
cblr-7157	1474	13	in	in	ADP
cblr-7157	1474	14	the	the	DET
cblr-7157	1474	15	case	case	NOUN
cblr-7157	1474	16	of	of	ADP
cblr-7157	1474	17	fiduciary	fiduciary	ADJ
cblr-7157	1474	18	duties	duty	NOUN
cblr-7157	1474	19	.	.	PUNCT
cblr-7157	1475	1	it	it	PRON
cblr-7157	1475	2	is	be	AUX
cblr-7157	1475	3	unworkable	unworkable	ADJ
cblr-7157	1475	4	to	to	PART
cblr-7157	1475	5	require	require	VERB
cblr-7157	1475	6	constant	constant	ADJ
cblr-7157	1475	7	evaluation	evaluation	NOUN
cblr-7157	1475	8	of	of	ADP
cblr-7157	1475	9	who	who	PRON
cblr-7157	1475	10	the	the	DET
cblr-7157	1475	11	residual	residual	ADJ
cblr-7157	1475	12	claimant	claimant	NOUN
cblr-7157	1475	13	is	be	AUX
cblr-7157	1475	14	based	base	VERB
cblr-7157	1475	15	on	on	ADP
cblr-7157	1475	16	the	the	DET
cblr-7157	1475	17	fluctuating	fluctuate	VERB
cblr-7157	1475	18	financial	financial	ADJ
cblr-7157	1475	19	prospects	prospect	NOUN
cblr-7157	1475	20	of	of	ADP
cblr-7157	1475	21	the	the	DET
cblr-7157	1475	22	corporation	corporation	NOUN
cblr-7157	1475	23	.	.	PUNCT
cblr-7157	1476	1	such	such	DET
cblr-7157	1476	2	a	a	DET
cblr-7157	1476	3	standard	standard	NOUN
cblr-7157	1476	4	would	would	AUX
cblr-7157	1476	5	involve	involve	VERB
cblr-7157	1476	6	fiduciary	fiduciary	ADJ
cblr-7157	1476	7	duties	duty	NOUN
cblr-7157	1476	8	changing	change	VERB
cblr-7157	1476	9	day	day	NOUN
cblr-7157	1476	10	to	to	ADP
cblr-7157	1476	11	day	day	NOUN
cblr-7157	1476	12	.	.	PUNCT
cblr-7157	1477	1	the	the	DET
cblr-7157	1477	2	property	property	NOUN
cblr-7157	1477	3	theory	theory	NOUN
cblr-7157	1477	4	provides	provide	VERB
cblr-7157	1477	5	a	a	DET
cblr-7157	1477	6	much	much	ADV
cblr-7157	1477	7	more	more	ADV
cblr-7157	1477	8	secure	secure	ADJ
cblr-7157	1477	9	guide	guide	NOUN
cblr-7157	1477	10	:	:	PUNCT
cblr-7157	1477	11	fiduciary	fiduciary	ADJ
cblr-7157	1477	12	duties	duty	NOUN
cblr-7157	1477	13	remain	remain	VERB
cblr-7157	1477	14	focused	focused	ADJ
cblr-7157	1477	15	on	on	ADP
cblr-7157	1477	16	the	the	DET
cblr-7157	1477	17	voting	voting	NOUN
cblr-7157	1477	18	interests	interest	NOUN
cblr-7157	1477	19	of	of	ADP
cblr-7157	1477	20	the	the	DET
cblr-7157	1477	21	corporation	corporation	NOUN
cblr-7157	1477	22	until	until	ADP
cblr-7157	1477	23	the	the	DET
cblr-7157	1477	24	identity	identity	NOUN
cblr-7157	1477	25	of	of	ADP
cblr-7157	1477	26	the	the	DET
cblr-7157	1477	27	voters	voter	NOUN
cblr-7157	1477	28	changes	change	NOUN
cblr-7157	1477	29	.	.	PUNCT
cblr-7157	1478	1	indeed	indeed	ADV
cblr-7157	1478	2	,	,	PUNCT
cblr-7157	1478	3	even	even	ADV
cblr-7157	1478	4	strong	strong	ADJ
cblr-7157	1478	5	proponents	proponent	NOUN
cblr-7157	1478	6	of	of	ADP
cblr-7157	1478	7	shareholder	shareholder	NOUN
cblr-7157	1478	8	ownership	ownership	NOUN
cblr-7157	1478	9	argue	argue	VERB
cblr-7157	1478	10	that	that	SCONJ
cblr-7157	1478	11	owing	owe	VERB
cblr-7157	1478	12	fiduciary	fiduciary	ADJ
cblr-7157	1478	13	duties	duty	NOUN
cblr-7157	1478	14	to	to	ADP
cblr-7157	1478	15	creditors	creditor	NOUN
cblr-7157	1478	16	of	of	ADP
cblr-7157	1478	17	insolvent	insolvent	ADJ
cblr-7157	1478	18	corporations	corporation	NOUN
cblr-7157	1478	19	is	be	AUX
cblr-7157	1478	20	consistent	consistent	ADJ
cblr-7157	1478	21	with	with	ADP
cblr-7157	1478	22	the	the	DET
cblr-7157	1478	23	theory	theory	NOUN
cblr-7157	1478	24	of	of	ADP
cblr-7157	1478	25	shareholder	shareholder	NOUN
cblr-7157	1478	26	335	335	NUM
cblr-7157	1478	27	quadrant	quadrant	ADJ
cblr-7157	1478	28	structured	structured	ADJ
cblr-7157	1478	29	prods	prod	NOUN
cblr-7157	1478	30	.	.	PUNCT
cblr-7157	1479	1	co.	co.	PROPN
cblr-7157	1480	1	v.	v.	ADP
cblr-7157	1480	2	vertin	vertin	PROPN
cblr-7157	1480	3	,	,	PUNCT
cblr-7157	1480	4	115	115	NUM
cblr-7157	1480	5	a.3d	a.3d	SYM
cblr-7157	1480	6	535	535	NUM
cblr-7157	1480	7	,	,	PUNCT
cblr-7157	1480	8	547–48	547–48	PROPN
cblr-7157	1480	9	(	(	PUNCT
cblr-7157	1480	10	del	del	PROPN
cblr-7157	1480	11	.	.	PROPN
cblr-7157	1480	12	ch	ch	PROPN
cblr-7157	1480	13	.	.	PROPN
cblr-7157	1480	14	2015	2015	NUM
cblr-7157	1480	15	)	)	PUNCT
cblr-7157	1480	16	.	.	PUNCT
cblr-7157	1481	1	336	336	NUM
cblr-7157	1481	2	see	see	VERB
cblr-7157	1481	3	david	david	PROPN
cblr-7157	1481	4	arthur	arthur	PROPN
cblr-7157	1481	5	skeel	skeel	PROPN
cblr-7157	1481	6	,	,	PUNCT
cblr-7157	1481	7	jr	jr	PROPN
cblr-7157	1481	8	.	.	PROPN
cblr-7157	1481	9	,	,	PUNCT
cblr-7157	1481	10	the	the	DET
cblr-7157	1481	11	nature	nature	NOUN
cblr-7157	1481	12	and	and	CCONJ
cblr-7157	1481	13	effect	effect	NOUN
cblr-7157	1481	14	of	of	ADP
cblr-7157	1481	15	corporate	corporate	ADJ
cblr-7157	1481	16	voting	voting	NOUN
cblr-7157	1481	17	in	in	ADP
cblr-7157	1481	18	chapter	chapter	NOUN
cblr-7157	1481	19	11	11	NUM
cblr-7157	1481	20	reorganization	reorganization	NOUN
cblr-7157	1481	21	cases	case	NOUN
cblr-7157	1481	22	,	,	PUNCT
cblr-7157	1481	23	78	78	NUM
cblr-7157	1481	24	va	va	NOUN
cblr-7157	1481	25	.	.	PUNCT
cblr-7157	1482	1	l.	l.	PROPN
cblr-7157	1482	2	rev	rev	PROPN
cblr-7157	1482	3	.	.	PROPN
cblr-7157	1482	4	461	461	NUM
cblr-7157	1482	5	,	,	PUNCT
cblr-7157	1482	6	462–63	462–63	NUM
cblr-7157	1482	7	(	(	PUNCT
cblr-7157	1482	8	1992	1992	NUM
cblr-7157	1482	9	)	)	PUNCT
cblr-7157	1482	10	.	.	PUNCT
cblr-7157	1483	1	337	337	NUM
cblr-7157	1484	1	i	i	PRON
cblr-7157	1484	2	d.	d.	PROPN
cblr-7157	1484	3	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1484	4	(	(	PUNCT
cblr-7157	1484	5	do	do	AUX
cblr-7157	1484	6	not	not	PART
cblr-7157	1484	7	delte	delte	VERB
cblr-7157	1484	8	)	)	PUNCT
cblr-7157	1484	9	10/2/2020	10/2/2020	NUM
cblr-7157	1484	10	11:44	11:44	NUM
cblr-7157	1484	11	am	am	NOUN
cblr-7157	1484	12	98	98	NUM
cblr-7157	1484	13	columbia	columbia	PROPN
cblr-7157	1484	14	business	business	NOUN
cblr-7157	1484	15	law	law	NOUN
cblr-7157	1484	16	review	review	NOUN
cblr-7157	1484	17	[	[	X
cblr-7157	1484	18	vol	vol	NOUN
cblr-7157	1484	19	.	.	PUNCT
cblr-7157	1484	20	2020	2020	NUM
cblr-7157	1485	1	ownership.338	ownership.338	NOUN
cblr-7157	1485	2	but	but	CCONJ
cblr-7157	1485	3	such	such	DET
cblr-7157	1485	4	a	a	DET
cblr-7157	1485	5	claim	claim	NOUN
cblr-7157	1485	6	is	be	AUX
cblr-7157	1485	7	necessarily	necessarily	ADV
cblr-7157	1485	8	based	base	VERB
cblr-7157	1485	9	on	on	ADP
cblr-7157	1485	10	the	the	DET
cblr-7157	1485	11	“	"	PUNCT
cblr-7157	1485	12	residual	residual	ADJ
cblr-7157	1485	13	claimant	claimant	NOUN
cblr-7157	1485	14	”	"	PUNCT
cblr-7157	1485	15	analysis	analysis	NOUN
cblr-7157	1485	16	,	,	PUNCT
cblr-7157	1485	17	which	which	PRON
cblr-7157	1485	18	becomes	become	VERB
cblr-7157	1485	19	complicated	complicated	ADJ
cblr-7157	1485	20	in	in	ADP
cblr-7157	1485	21	the	the	DET
cblr-7157	1485	22	case	case	NOUN
cblr-7157	1485	23	of	of	ADP
cblr-7157	1485	24	insolvency	insolvency	NOUN
cblr-7157	1485	25	.	.	PUNCT
cblr-7157	1486	1	the	the	DET
cblr-7157	1486	2	property	property	NOUN
cblr-7157	1486	3	theory	theory	NOUN
cblr-7157	1486	4	developed	develop	VERB
cblr-7157	1486	5	here	here	ADV
cblr-7157	1486	6	—	—	PUNCT
cblr-7157	1486	7	in	in	ADP
cblr-7157	1486	8	which	which	PRON
cblr-7157	1486	9	voting	vote	VERB
cblr-7157	1486	10	rather	rather	ADV
cblr-7157	1486	11	than	than	ADP
cblr-7157	1486	12	economic	economic	ADJ
cblr-7157	1486	13	rights	right	NOUN
cblr-7157	1486	14	drive	drive	VERB
cblr-7157	1486	15	the	the	DET
cblr-7157	1486	16	analysis	analysis	NOUN
cblr-7157	1486	17	—	—	PUNCT
cblr-7157	1486	18	better	well	ADJ
cblr-7157	1486	19	accounts	account	NOUN
cblr-7157	1486	20	for	for	ADP
cblr-7157	1486	21	the	the	DET
cblr-7157	1486	22	current	current	ADJ
cblr-7157	1486	23	state	state	NOUN
cblr-7157	1486	24	of	of	ADP
cblr-7157	1486	25	the	the	DET
cblr-7157	1486	26	case	case	NOUN
cblr-7157	1486	27	law	law	NOUN
cblr-7157	1486	28	.	.	PUNCT
cblr-7157	1487	1	e.	e.	PROPN
cblr-7157	1487	2	social	social	ADJ
cblr-7157	1487	3	purposes	purpose	NOUN
cblr-7157	1487	4	of	of	ADP
cblr-7157	1487	5	the	the	DET
cblr-7157	1487	6	corporation	corporation	NOUN
cblr-7157	1487	7	this	this	DET
cblr-7157	1487	8	article	article	NOUN
cblr-7157	1487	9	’s	’s	PART
cblr-7157	1487	10	sketch	sketch	NOUN
cblr-7157	1487	11	of	of	ADP
cblr-7157	1487	12	a	a	DET
cblr-7157	1487	13	property	property	NOUN
cblr-7157	1487	14	theory	theory	NOUN
cblr-7157	1487	15	of	of	ADP
cblr-7157	1487	16	corporate	corporate	ADJ
cblr-7157	1487	17	law	law	NOUN
cblr-7157	1487	18	would	would	AUX
cblr-7157	1487	19	not	not	PART
cblr-7157	1487	20	be	be	AUX
cblr-7157	1487	21	complete	complete	ADJ
cblr-7157	1487	22	without	without	ADP
cblr-7157	1487	23	briefly	briefly	ADV
cblr-7157	1487	24	considering	consider	VERB
cblr-7157	1487	25	the	the	DET
cblr-7157	1487	26	shareholder	shareholder	NOUN
cblr-7157	1487	27	-	-	PUNCT
cblr-7157	1487	28	stakeholder	stakeholder	NOUN
cblr-7157	1487	29	debate	debate	NOUN
cblr-7157	1487	30	and	and	CCONJ
cblr-7157	1487	31	the	the	DET
cblr-7157	1487	32	question	question	NOUN
cblr-7157	1487	33	of	of	ADP
cblr-7157	1487	34	the	the	DET
cblr-7157	1487	35	social	social	ADJ
cblr-7157	1487	36	purpose	purpose	NOUN
cblr-7157	1487	37	of	of	ADP
cblr-7157	1487	38	the	the	DET
cblr-7157	1487	39	corporation	corporation	NOUN
cblr-7157	1487	40	.	.	PUNCT
cblr-7157	1488	1	the	the	DET
cblr-7157	1488	2	debate	debate	NOUN
cblr-7157	1488	3	over	over	ADP
cblr-7157	1488	4	which	which	PRON
cblr-7157	1488	5	constituencies	constituency	NOUN
cblr-7157	1488	6	directors	director	NOUN
cblr-7157	1488	7	should	should	AUX
cblr-7157	1488	8	consider	consider	VERB
cblr-7157	1488	9	in	in	ADP
cblr-7157	1488	10	making	make	VERB
cblr-7157	1488	11	decisions	decision	NOUN
cblr-7157	1488	12	and	and	CCONJ
cblr-7157	1488	13	what	what	PRON
cblr-7157	1488	14	directors	director	NOUN
cblr-7157	1488	15	should	should	AUX
cblr-7157	1488	16	maximize	maximize	VERB
cblr-7157	1488	17	is	be	AUX
cblr-7157	1488	18	a	a	DET
cblr-7157	1488	19	generations	generation	NOUN
cblr-7157	1488	20	-	-	PUNCT
cblr-7157	1488	21	old	old	ADJ
cblr-7157	1488	22	conversation	conversation	NOUN
cblr-7157	1488	23	that	that	PRON
cblr-7157	1488	24	remains	remain	VERB
cblr-7157	1488	25	vibrant	vibrant	ADJ
cblr-7157	1488	26	today.339	today.339	NOUN
cblr-7157	1488	27	the	the	DET
cblr-7157	1488	28	debate	debate	NOUN
cblr-7157	1488	29	over	over	ADP
cblr-7157	1488	30	the	the	DET
cblr-7157	1488	31	proper	proper	ADJ
cblr-7157	1488	32	objective	objective	ADJ
cblr-7157	1488	33	function	function	NOUN
cblr-7157	1488	34	of	of	ADP
cblr-7157	1488	35	the	the	DET
cblr-7157	1488	36	corporation	corporation	NOUN
cblr-7157	1488	37	intersects	intersect	VERB
cblr-7157	1488	38	with	with	ADP
cblr-7157	1488	39	the	the	DET
cblr-7157	1488	40	debate	debate	NOUN
cblr-7157	1488	41	over	over	ADP
cblr-7157	1488	42	the	the	DET
cblr-7157	1488	43	contractarian	contractarian	ADJ
cblr-7157	1488	44	perspective	perspective	NOUN
cblr-7157	1488	45	on	on	ADP
cblr-7157	1488	46	the	the	DET
cblr-7157	1488	47	corporation	corporation	NOUN
cblr-7157	1488	48	in	in	ADP
cblr-7157	1488	49	complex	complex	ADJ
cblr-7157	1488	50	and	and	CCONJ
cblr-7157	1488	51	subtle	subtle	ADJ
cblr-7157	1488	52	ways	way	NOUN
cblr-7157	1488	53	.	.	PUNCT
cblr-7157	1489	1	the	the	DET
cblr-7157	1489	2	contractarian	contractarian	ADJ
cblr-7157	1489	3	debate	debate	NOUN
cblr-7157	1489	4	is	be	AUX
cblr-7157	1489	5	often	often	ADV
cblr-7157	1489	6	complicated	complicate	VERB
cblr-7157	1489	7	with	with	ADP
cblr-7157	1489	8	issues	issue	NOUN
cblr-7157	1489	9	of	of	ADP
cblr-7157	1489	10	shareholder	shareholder	NOUN
cblr-7157	1489	11	primacy	primacy	NOUN
cblr-7157	1489	12	because	because	SCONJ
cblr-7157	1489	13	many	many	ADJ
cblr-7157	1489	14	theorists	theorist	NOUN
cblr-7157	1489	15	(	(	PUNCT
cblr-7157	1489	16	often	often	ADV
cblr-7157	1489	17	implicitly	implicitly	ADV
cblr-7157	1489	18	)	)	PUNCT
cblr-7157	1489	19	link	link	VERB
cblr-7157	1489	20	the	the	DET
cblr-7157	1489	21	recognition	recognition	NOUN
cblr-7157	1489	22	of	of	ADP
cblr-7157	1489	23	property	property	NOUN
cblr-7157	1489	24	interests	interest	NOUN
cblr-7157	1489	25	in	in	ADP
cblr-7157	1489	26	the	the	DET
cblr-7157	1489	27	corporation	corporation	NOUN
cblr-7157	1489	28	to	to	ADP
cblr-7157	1489	29	a	a	DET
cblr-7157	1489	30	single	single	ADJ
cblr-7157	1489	31	-	-	PUNCT
cblr-7157	1489	32	minded	minded	ADJ
cblr-7157	1489	33	shareholder	shareholder	NOUN
cblr-7157	1489	34	wealth	wealth	NOUN
cblr-7157	1489	35	maximization	maximization	NOUN
cblr-7157	1489	36	directive.340	directive.340	PROPN
cblr-7157	1489	37	indeed	indeed	ADV
cblr-7157	1489	38	,	,	PUNCT
cblr-7157	1489	39	the	the	DET
cblr-7157	1489	40	idea	idea	NOUN
cblr-7157	1489	41	that	that	SCONJ
cblr-7157	1489	42	a	a	DET
cblr-7157	1489	43	property	property	NOUN
cblr-7157	1489	44	approach	approach	NOUN
cblr-7157	1489	45	implies	imply	VERB
cblr-7157	1489	46	a	a	DET
cblr-7157	1489	47	purely	purely	ADV
cblr-7157	1489	48	shareholder	shareholder	NOUN
cblr-7157	1489	49	-	-	PUNCT
cblr-7157	1489	50	based	base	VERB
cblr-7157	1489	51	model	model	NOUN
cblr-7157	1489	52	is	be	AUX
cblr-7157	1489	53	one	one	NUM
cblr-7157	1489	54	of	of	ADP
cblr-7157	1489	55	the	the	DET
cblr-7157	1489	56	few	few	ADJ
cblr-7157	1489	57	things	thing	NOUN
cblr-7157	1489	58	that	that	PRON
cblr-7157	1489	59	many	many	ADJ
cblr-7157	1489	60	commentators	commentator	NOUN
cblr-7157	1489	61	on	on	ADP
cblr-7157	1489	62	both	both	DET
cblr-7157	1489	63	sides	side	NOUN
cblr-7157	1489	64	of	of	ADP
cblr-7157	1489	65	the	the	DET
cblr-7157	1489	66	stakeholder	stakeholder	NOUN
cblr-7157	1489	67	debate	debate	NOUN
cblr-7157	1489	68	agree	agree	VERB
cblr-7157	1489	69	on.341	on.341	PROPN
cblr-7157	1489	70	yet	yet	ADV
cblr-7157	1489	71	that	that	DET
cblr-7157	1489	72	view	view	NOUN
cblr-7157	1489	73	is	be	AUX
cblr-7157	1489	74	overly	overly	ADV
cblr-7157	1489	75	simplistic	simplistic	ADJ
cblr-7157	1489	76	,	,	PUNCT
cblr-7157	1489	77	not	not	PART
cblr-7157	1489	78	to	to	PART
cblr-7157	1489	79	mention	mention	VERB
cblr-7157	1489	80	the	the	DET
cblr-7157	1489	81	fact	fact	NOUN
cblr-7157	1489	82	that	that	SCONJ
cblr-7157	1489	83	the	the	DET
cblr-7157	1489	84	contractarian	contractarian	ADJ
cblr-7157	1489	85	perspective	perspective	NOUN
cblr-7157	1489	86	has	have	AUX
cblr-7157	1489	87	also	also	ADV
cblr-7157	1489	88	traditionally	traditionally	ADV
cblr-7157	1489	89	been	be	AUX
cblr-7157	1489	90	used	use	VERB
cblr-7157	1489	91	to	to	PART
cblr-7157	1489	92	justify	justify	VERB
cblr-7157	1489	93	the	the	DET
cblr-7157	1489	94	shareholder	shareholder	NOUN
cblr-7157	1489	95	primacy	primacy	NOUN
cblr-7157	1489	96	model.342	model.342	NOUN
cblr-7157	1489	97	338	338	NUM
cblr-7157	1489	98	see	see	NOUN
cblr-7157	1489	99	,	,	PUNCT
cblr-7157	1489	100	e.g.	e.g.	ADV
cblr-7157	1489	101	,	,	PUNCT
cblr-7157	1489	102	velasco	velasco	PROPN
cblr-7157	1489	103	,	,	PUNCT
cblr-7157	1489	104	supra	supra	PROPN
cblr-7157	1489	105	note	note	PROPN
cblr-7157	1489	106	8	8	NUM
cblr-7157	1489	107	,	,	PUNCT
cblr-7157	1489	108	at	at	ADP
cblr-7157	1489	109	932–33	932–33	NUM
cblr-7157	1489	110	.	.	PUNCT
cblr-7157	1489	111	339	339	NUM
cblr-7157	1489	112	the	the	DET
cblr-7157	1489	113	classic	classic	ADJ
cblr-7157	1489	114	dialogue	dialogue	NOUN
cblr-7157	1489	115	on	on	ADP
cblr-7157	1489	116	this	this	DET
cblr-7157	1489	117	issue	issue	NOUN
cblr-7157	1489	118	was	be	AUX
cblr-7157	1489	119	the	the	DET
cblr-7157	1489	120	famous	famous	ADJ
cblr-7157	1489	121	berle	berle	NOUN
cblr-7157	1489	122	-	-	PUNCT
cblr-7157	1489	123	dodd	dodd	PROPN
cblr-7157	1489	124	debate	debate	NOUN
cblr-7157	1489	125	.	.	PUNCT
cblr-7157	1490	1	see	see	VERB
cblr-7157	1490	2	a.	a.	NOUN
cblr-7157	1490	3	a.	a.	PROPN
cblr-7157	1490	4	berle	berle	PROPN
cblr-7157	1490	5	,	,	PUNCT
cblr-7157	1490	6	jr	jr	PROPN
cblr-7157	1490	7	.	.	PROPN
cblr-7157	1490	8	,	,	PUNCT
cblr-7157	1490	9	corporate	corporate	ADJ
cblr-7157	1490	10	powers	power	NOUN
cblr-7157	1490	11	as	as	ADP
cblr-7157	1490	12	powers	power	NOUN
cblr-7157	1490	13	in	in	ADP
cblr-7157	1490	14	trust	trust	NOUN
cblr-7157	1490	15	,	,	PUNCT
cblr-7157	1490	16	44	44	NUM
cblr-7157	1490	17	harv	harv	NOUN
cblr-7157	1490	18	.	.	PUNCT
cblr-7157	1491	1	l.	l.	PROPN
cblr-7157	1491	2	rev	rev	PROPN
cblr-7157	1491	3	.	.	PROPN
cblr-7157	1491	4	1049	1049	NUM
cblr-7157	1491	5	,	,	PUNCT
cblr-7157	1491	6	1049	1049	NUM
cblr-7157	1491	7	(	(	PUNCT
cblr-7157	1491	8	1931	1931	NUM
cblr-7157	1491	9	)	)	PUNCT
cblr-7157	1491	10	(	(	PUNCT
cblr-7157	1491	11	arguing	argue	VERB
cblr-7157	1491	12	that	that	SCONJ
cblr-7157	1491	13	the	the	DET
cblr-7157	1491	14	corporate	corporate	ADJ
cblr-7157	1491	15	powers	power	NOUN
cblr-7157	1491	16	are	be	AUX
cblr-7157	1491	17	“	"	PUNCT
cblr-7157	1491	18	at	at	ADP
cblr-7157	1491	19	all	all	DET
cblr-7157	1491	20	times	time	NOUN
cblr-7157	1491	21	exercisable	exercisable	ADJ
cblr-7157	1491	22	only	only	ADV
cblr-7157	1491	23	for	for	ADP
cblr-7157	1491	24	the	the	DET
cblr-7157	1491	25	ratable	ratable	ADJ
cblr-7157	1491	26	benefit	benefit	NOUN
cblr-7157	1491	27	of	of	ADP
cblr-7157	1491	28	all	all	DET
cblr-7157	1491	29	the	the	DET
cblr-7157	1491	30	shareholders	shareholder	NOUN
cblr-7157	1491	31	as	as	SCONJ
cblr-7157	1491	32	their	their	PRON
cblr-7157	1491	33	interest	interest	NOUN
cblr-7157	1491	34	appears	appear	VERB
cblr-7157	1491	35	”	"	PUNCT
cblr-7157	1491	36	)	)	PUNCT
cblr-7157	1491	37	;	;	PUNCT
cblr-7157	1491	38	e.	e.	PROPN
cblr-7157	1491	39	merrick	merrick	PROPN
cblr-7157	1491	40	dodd	dodd	PROPN
cblr-7157	1491	41	,	,	PUNCT
cblr-7157	1491	42	jr	jr	PROPN
cblr-7157	1491	43	.	.	PROPN
cblr-7157	1491	44	,	,	PUNCT
cblr-7157	1491	45	for	for	ADP
cblr-7157	1491	46	whom	whom	PRON
cblr-7157	1491	47	are	be	AUX
cblr-7157	1491	48	corporate	corporate	ADJ
cblr-7157	1491	49	managers	manager	NOUN
cblr-7157	1491	50	trustees	trustee	NOUN
cblr-7157	1491	51	?	?	PUNCT
cblr-7157	1491	52	,	,	PUNCT
cblr-7157	1491	53	45	45	NUM
cblr-7157	1491	54	harv	harv	NOUN
cblr-7157	1491	55	.	.	PUNCT
cblr-7157	1492	1	l.	l.	PROPN
cblr-7157	1492	2	rev	rev	PROPN
cblr-7157	1492	3	.	.	PROPN
cblr-7157	1492	4	1145	1145	NUM
cblr-7157	1492	5	,	,	PUNCT
cblr-7157	1492	6	1148	1148	NUM
cblr-7157	1492	7	(	(	PUNCT
cblr-7157	1492	8	1932	1932	NUM
cblr-7157	1492	9	)	)	PUNCT
cblr-7157	1492	10	(	(	PUNCT
cblr-7157	1492	11	arguing	argue	VERB
cblr-7157	1492	12	that	that	SCONJ
cblr-7157	1492	13	the	the	DET
cblr-7157	1492	14	corporation	corporation	NOUN
cblr-7157	1492	15	should	should	AUX
cblr-7157	1492	16	be	be	AUX
cblr-7157	1492	17	operated	operate	VERB
cblr-7157	1492	18	for	for	ADP
cblr-7157	1492	19	the	the	DET
cblr-7157	1492	20	benefit	benefit	NOUN
cblr-7157	1492	21	of	of	ADP
cblr-7157	1492	22	multiple	multiple	ADJ
cblr-7157	1492	23	constituencies	constituency	NOUN
cblr-7157	1492	24	as	as	SCONJ
cblr-7157	1492	25	it	it	PRON
cblr-7157	1492	26	“	"	PUNCT
cblr-7157	1492	27	has	have	VERB
cblr-7157	1492	28	a	a	DET
cblr-7157	1492	29	social	social	ADJ
cblr-7157	1492	30	service	service	NOUN
cblr-7157	1492	31	as	as	ADV
cblr-7157	1492	32	well	well	ADV
cblr-7157	1492	33	as	as	ADP
cblr-7157	1492	34	a	a	DET
cblr-7157	1492	35	profit	profit	NOUN
cblr-7157	1492	36	-	-	PUNCT
cblr-7157	1492	37	making	make	VERB
cblr-7157	1492	38	function	function	NOUN
cblr-7157	1492	39	”	"	PUNCT
cblr-7157	1492	40	)	)	PUNCT
cblr-7157	1492	41	.	.	PUNCT
cblr-7157	1493	1	340	340	NUM
cblr-7157	1493	2	see	see	VERB
cblr-7157	1493	3	supra	supra	PROPN
cblr-7157	1493	4	notes	note	VERB
cblr-7157	1493	5	57–65	57–65	NUM
cblr-7157	1493	6	and	and	CCONJ
cblr-7157	1493	7	accompanying	accompany	VERB
cblr-7157	1493	8	text	text	NOUN
cblr-7157	1493	9	.	.	PUNCT
cblr-7157	1494	1	341	341	NUM
cblr-7157	1494	2	see	see	PROPN
cblr-7157	1494	3	velasco	velasco	PROPN
cblr-7157	1494	4	,	,	PUNCT
cblr-7157	1494	5	supra	supra	PROPN
cblr-7157	1494	6	note	note	PROPN
cblr-7157	1494	7	8	8	NUM
cblr-7157	1494	8	,	,	PUNCT
cblr-7157	1494	9	at	at	ADP
cblr-7157	1494	10	940–52	940–52	NUM
cblr-7157	1494	11	.	.	PUNCT
cblr-7157	1495	1	342	342	NUM
cblr-7157	1495	2	see	see	VERB
cblr-7157	1495	3	,	,	PUNCT
cblr-7157	1495	4	e.g.	e.g.	ADV
cblr-7157	1495	5	,	,	PUNCT
cblr-7157	1495	6	millon	millon	NOUN
cblr-7157	1495	7	,	,	PUNCT
cblr-7157	1495	8	supra	supra	PROPN
cblr-7157	1495	9	note	note	NOUN
cblr-7157	1495	10	252	252	NUM
cblr-7157	1495	11	,	,	PUNCT
cblr-7157	1495	12	at	at	ADP
cblr-7157	1495	13	1377–78	1377–78	PROPN
cblr-7157	1495	14	(	(	PUNCT
cblr-7157	1495	15	explaining	explain	VERB
cblr-7157	1495	16	that	that	SCONJ
cblr-7157	1495	17	the	the	DET
cblr-7157	1495	18	contractarian	contractarian	ADJ
cblr-7157	1495	19	approach	approach	NOUN
cblr-7157	1495	20	argues	argue	VERB
cblr-7157	1495	21	that	that	SCONJ
cblr-7157	1495	22	state	state	NOUN
cblr-7157	1495	23	law	law	NOUN
cblr-7157	1495	24	supplies	supply	VERB
cblr-7157	1495	25	the	the	DET
cblr-7157	1495	26	terms	term	NOUN
cblr-7157	1495	27	of	of	ADP
cblr-7157	1495	28	the	the	DET
cblr-7157	1495	29	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1495	30	(	(	PUNCT
cblr-7157	1495	31	do	do	AUX
cblr-7157	1495	32	not	not	PART
cblr-7157	1495	33	delete	delete	VERB
cblr-7157	1495	34	)	)	PUNCT
cblr-7157	1495	35	10/2/2020	10/2/2020	NUM
cblr-7157	1495	36	11:44	11:44	NUM
cblr-7157	1495	37	am	be	AUX
cblr-7157	1495	38	no	no	NOUN
cblr-7157	1495	39	.	.	PUNCT
cblr-7157	1495	40	1:1	1:1	NUM
cblr-7157	1495	41	]	]	X
cblr-7157	1495	42	a	a	DET
cblr-7157	1495	43	property	property	NOUN
cblr-7157	1495	44	theory	theory	NOUN
cblr-7157	1495	45	99	99	NUM
cblr-7157	1495	46	the	the	DET
cblr-7157	1495	47	argument	argument	NOUN
cblr-7157	1495	48	that	that	PRON
cblr-7157	1495	49	shareholder	shareholder	NOUN
cblr-7157	1495	50	ownership	ownership	NOUN
cblr-7157	1495	51	implies	imply	VERB
cblr-7157	1495	52	the	the	DET
cblr-7157	1495	53	necessity	necessity	NOUN
cblr-7157	1495	54	of	of	ADP
cblr-7157	1495	55	shareholder	shareholder	NOUN
cblr-7157	1495	56	primacy	primacy	NOUN
cblr-7157	1495	57	is	be	AUX
cblr-7157	1495	58	grounded	ground	VERB
cblr-7157	1495	59	in	in	ADP
cblr-7157	1495	60	traditional	traditional	ADJ
cblr-7157	1495	61	thinking	thinking	NOUN
cblr-7157	1495	62	about	about	ADP
cblr-7157	1495	63	the	the	DET
cblr-7157	1495	64	ownership	ownership	NOUN
cblr-7157	1495	65	of	of	ADP
cblr-7157	1495	66	the	the	DET
cblr-7157	1495	67	corporation	corporation	NOUN
cblr-7157	1495	68	.	.	PUNCT
cblr-7157	1496	1	the	the	DET
cblr-7157	1496	2	shareholder	shareholder	NOUN
cblr-7157	1496	3	ownership	ownership	NOUN
cblr-7157	1496	4	model	model	NOUN
cblr-7157	1496	5	is	be	AUX
cblr-7157	1496	6	generally	generally	ADV
cblr-7157	1496	7	thought	think	VERB
cblr-7157	1496	8	of	of	ADP
cblr-7157	1496	9	as	as	ADP
cblr-7157	1496	10	the	the	DET
cblr-7157	1496	11	traditional	traditional	ADJ
cblr-7157	1496	12	approach	approach	NOUN
cblr-7157	1496	13	,	,	PUNCT
cblr-7157	1496	14	however	however	ADV
cblr-7157	1496	15	stakeholder	stakeholder	NOUN
cblr-7157	1496	16	theorists	theorist	NOUN
cblr-7157	1496	17	often	often	ADV
cblr-7157	1496	18	argue	argue	VERB
cblr-7157	1496	19	that	that	SCONJ
cblr-7157	1496	20	the	the	DET
cblr-7157	1496	21	traditional	traditional	ADJ
cblr-7157	1496	22	ownership	ownership	NOUN
cblr-7157	1496	23	model	model	NOUN
cblr-7157	1496	24	is	be	AUX
cblr-7157	1496	25	incorrect	incorrect	ADJ
cblr-7157	1496	26	in	in	SCONJ
cblr-7157	1496	27	that	that	PRON
cblr-7157	1496	28	shareholders	shareholder	NOUN
cblr-7157	1496	29	do	do	AUX
cblr-7157	1496	30	not	not	PART
cblr-7157	1496	31	“	"	PUNCT
cblr-7157	1496	32	own	own	VERB
cblr-7157	1496	33	”	"	PUNCT
cblr-7157	1496	34	the	the	DET
cblr-7157	1496	35	corporation.343	corporation.343	NOUN
cblr-7157	1496	36	therefore	therefore	ADV
cblr-7157	1496	37	,	,	PUNCT
cblr-7157	1496	38	stakeholder	stakeholder	NOUN
cblr-7157	1496	39	theorists	theorist	NOUN
cblr-7157	1496	40	maintain	maintain	VERB
cblr-7157	1496	41	that	that	SCONJ
cblr-7157	1496	42	the	the	DET
cblr-7157	1496	43	implications	implication	NOUN
cblr-7157	1496	44	that	that	PRON
cblr-7157	1496	45	flow	flow	VERB
cblr-7157	1496	46	from	from	ADP
cblr-7157	1496	47	the	the	DET
cblr-7157	1496	48	traditional	traditional	ADJ
cblr-7157	1496	49	model	model	NOUN
cblr-7157	1496	50	(	(	PUNCT
cblr-7157	1496	51	such	such	ADJ
cblr-7157	1496	52	as	as	ADP
cblr-7157	1496	53	the	the	DET
cblr-7157	1496	54	necessity	necessity	NOUN
cblr-7157	1496	55	of	of	ADP
cblr-7157	1496	56	shareholder	shareholder	NOUN
cblr-7157	1496	57	primacy	primacy	NOUN
cblr-7157	1496	58	)	)	PUNCT
cblr-7157	1496	59	lack	lack	VERB
cblr-7157	1496	60	a	a	DET
cblr-7157	1496	61	justification.344	justification.344	NOUN
cblr-7157	1496	62	in	in	ADP
cblr-7157	1496	63	reality	reality	NOUN
cblr-7157	1496	64	,	,	PUNCT
cblr-7157	1496	65	the	the	DET
cblr-7157	1496	66	contractarian	contractarian	ADJ
cblr-7157	1496	67	approach	approach	NOUN
cblr-7157	1496	68	can	can	AUX
cblr-7157	1496	69	be	be	AUX
cblr-7157	1496	70	turned	turn	VERB
cblr-7157	1496	71	toward	toward	ADP
cblr-7157	1496	72	a	a	DET
cblr-7157	1496	73	stakeholder	stakeholder	NOUN
cblr-7157	1496	74	or	or	CCONJ
cblr-7157	1496	75	communitarian	communitarian	ADJ
cblr-7157	1496	76	perspective.345	perspective.345	NOUN
cblr-7157	1496	77	this	this	PRON
cblr-7157	1496	78	has	have	AUX
cblr-7157	1496	79	led	lead	VERB
cblr-7157	1496	80	some	some	DET
cblr-7157	1496	81	stakeholder	stakeholder	NOUN
cblr-7157	1496	82	theorists	theorist	NOUN
cblr-7157	1496	83	to	to	ADP
cblr-7157	1496	84	a	a	DET
cblr-7157	1496	85	lukewarm	lukewarm	ADJ
cblr-7157	1496	86	embrace	embrace	NOUN
cblr-7157	1496	87	of	of	ADP
cblr-7157	1496	88	the	the	DET
cblr-7157	1496	89	nexus	nexus	NOUN
cblr-7157	1496	90	of	of	ADP
cblr-7157	1496	91	contracts	contract	NOUN
cblr-7157	1496	92	approach	approach	NOUN
cblr-7157	1496	93	,	,	PUNCT
cblr-7157	1496	94	where	where	SCONJ
cblr-7157	1496	95	the	the	DET
cblr-7157	1496	96	possibility	possibility	NOUN
cblr-7157	1496	97	exists	exist	VERB
cblr-7157	1496	98	for	for	ADP
cblr-7157	1496	99	treating	treat	VERB
cblr-7157	1496	100	all	all	DET
cblr-7157	1496	101	contractual	contractual	ADJ
cblr-7157	1496	102	claimants	claimant	NOUN
cblr-7157	1496	103	evenhandedly.346	evenhandedly.346	VERB
cblr-7157	1496	104	the	the	DET
cblr-7157	1496	105	progressive	progressive	ADJ
cblr-7157	1496	106	/	/	SYM
cblr-7157	1496	107	communitarian	communitarian	ADJ
cblr-7157	1496	108	perspective	perspective	NOUN
cblr-7157	1496	109	often	often	ADV
cblr-7157	1496	110	embraces	embrace	VERB
cblr-7157	1496	111	the	the	DET
cblr-7157	1496	112	notion	notion	NOUN
cblr-7157	1496	113	of	of	ADP
cblr-7157	1496	114	the	the	DET
cblr-7157	1496	115	firm	firm	NOUN
cblr-7157	1496	116	as	as	ADP
cblr-7157	1496	117	a	a	DET
cblr-7157	1496	118	“	"	PUNCT
cblr-7157	1496	119	nexus	nexus	NOUN
cblr-7157	1496	120	”	"	PUNCT
cblr-7157	1496	121	or	or	CCONJ
cblr-7157	1496	122	“	"	PUNCT
cblr-7157	1496	123	web	web	NOUN
cblr-7157	1496	124	”	"	PUNCT
cblr-7157	1496	125	of	of	ADP
cblr-7157	1496	126	contracts.347	contracts.347	ADJ
cblr-7157	1496	127	proponents	proponent	NOUN
cblr-7157	1496	128	then	then	ADV
cblr-7157	1496	129	turn	turn	VERB
cblr-7157	1496	130	on	on	ADP
cblr-7157	1496	131	the	the	DET
cblr-7157	1496	132	theory	theory	NOUN
cblr-7157	1496	133	for	for	ADP
cblr-7157	1496	134	its	its	PRON
cblr-7157	1496	135	implications	implication	NOUN
cblr-7157	1496	136	that	that	SCONJ
cblr-7157	1496	137	the	the	DET
cblr-7157	1496	138	governance	governance	NOUN
cblr-7157	1496	139	of	of	ADP
cblr-7157	1496	140	the	the	DET
cblr-7157	1496	141	corporation	corporation	NOUN
cblr-7157	1496	142	is	be	AUX
cblr-7157	1496	143	of	of	ADP
cblr-7157	1496	144	“	"	PUNCT
cblr-7157	1496	145	private	private	ADJ
cblr-7157	1496	146	,	,	PUNCT
cblr-7157	1496	147	”	"	PUNCT
cblr-7157	1496	148	not	not	PART
cblr-7157	1496	149	“	"	PUNCT
cblr-7157	1496	150	public	public	ADJ
cblr-7157	1496	151	”	"	PUNCT
cblr-7157	1496	152	concern.348	concern.348	NOUN
cblr-7157	1496	153	however	however	ADV
cblr-7157	1496	154	,	,	PUNCT
cblr-7157	1496	155	in	in	ADP
cblr-7157	1496	156	many	many	ADJ
cblr-7157	1496	157	respects	respect	NOUN
cblr-7157	1496	158	this	this	DET
cblr-7157	1496	159	line	line	NOUN
cblr-7157	1496	160	of	of	ADP
cblr-7157	1496	161	reasoning	reasoning	NOUN
cblr-7157	1496	162	about	about	ADP
cblr-7157	1496	163	property	property	NOUN
cblr-7157	1496	164	and	and	CCONJ
cblr-7157	1496	165	contract	contract	NOUN
cblr-7157	1496	166	as	as	SCONJ
cblr-7157	1496	167	they	they	PRON
cblr-7157	1496	168	relate	relate	VERB
cblr-7157	1496	169	to	to	ADP
cblr-7157	1496	170	the	the	DET
cblr-7157	1496	171	social	social	ADJ
cblr-7157	1496	172	purposes	purpose	NOUN
cblr-7157	1496	173	of	of	ADP
cblr-7157	1496	174	the	the	DET
cblr-7157	1496	175	corporation	corporation	NOUN
cblr-7157	1496	176	conflates	conflate	VERB
cblr-7157	1496	177	two	two	NUM
cblr-7157	1496	178	separate	separate	ADJ
cblr-7157	1496	179	crosscutting	crosscut	VERB
cblr-7157	1496	180	issues	issue	NOUN
cblr-7157	1496	181	that	that	PRON
cblr-7157	1496	182	confuse	confuse	VERB
cblr-7157	1496	183	the	the	DET
cblr-7157	1496	184	debate	debate	NOUN
cblr-7157	1496	185	.	.	PUNCT
cblr-7157	1497	1	one	one	NUM
cblr-7157	1497	2	is	be	AUX
cblr-7157	1497	3	the	the	DET
cblr-7157	1497	4	allegiances	allegiance	NOUN
cblr-7157	1497	5	owed	owe	VERB
cblr-7157	1497	6	by	by	ADP
cblr-7157	1497	7	fiduciaries	fiduciary	NOUN
cblr-7157	1497	8	of	of	ADP
cblr-7157	1497	9	the	the	DET
cblr-7157	1497	10	corporation	corporation	NOUN
cblr-7157	1497	11	.	.	PUNCT
cblr-7157	1498	1	the	the	DET
cblr-7157	1498	2	communitarian	communitarian	ADJ
cblr-7157	1498	3	approach	approach	NOUN
cblr-7157	1498	4	often	often	ADV
cblr-7157	1498	5	advances	advance	VERB
cblr-7157	1498	6	a	a	DET
cblr-7157	1498	7	“	"	PUNCT
cblr-7157	1498	8	multifiduciary	multifiduciary	ADJ
cblr-7157	1498	9	model	model	NOUN
cblr-7157	1498	10	”	"	PUNCT
cblr-7157	1498	11	in	in	ADP
cblr-7157	1498	12	which	which	PRON
cblr-7157	1498	13	directors	director	NOUN
cblr-7157	1498	14	would	would	AUX
cblr-7157	1498	15	“	"	PUNCT
cblr-7157	1498	16	contract	contract	VERB
cblr-7157	1498	17	”	"	PUNCT
cblr-7157	1498	18	that	that	PRON
cblr-7157	1498	19	mandates	mandate	VERB
cblr-7157	1498	20	directors	director	NOUN
cblr-7157	1498	21	’	’	PART
cblr-7157	1498	22	loyalty	loyalty	NOUN
cblr-7157	1498	23	to	to	ADP
cblr-7157	1498	24	shareholders	shareholder	NOUN
cblr-7157	1498	25	’	’	PART
cblr-7157	1498	26	interest	interest	NOUN
cblr-7157	1498	27	in	in	ADP
cblr-7157	1498	28	wealth	wealth	NOUN
cblr-7157	1498	29	maximization	maximization	NOUN
cblr-7157	1498	30	)	)	PUNCT
cblr-7157	1498	31	.	.	PUNCT
cblr-7157	1499	1	343	343	NUM
cblr-7157	1499	2	stout	stout	ADJ
cblr-7157	1499	3	,	,	PUNCT
cblr-7157	1499	4	supra	supra	PROPN
cblr-7157	1499	5	note	note	PROPN
cblr-7157	1499	6	89	89	NUM
cblr-7157	1499	7	,	,	PUNCT
cblr-7157	1499	8	at	at	ADP
cblr-7157	1499	9	1190–92	1190–92	NUM
cblr-7157	1499	10	.	.	PUNCT
cblr-7157	1499	11	344	344	NUM
cblr-7157	1499	12	see	see	VERB
cblr-7157	1499	13	,	,	PUNCT
cblr-7157	1499	14	e.g.	e.g.	ADV
cblr-7157	1499	15	,	,	PUNCT
cblr-7157	1499	16	james	james	PROPN
cblr-7157	1499	17	e.	e.	PROPN
cblr-7157	1499	18	post	post	PROPN
cblr-7157	1499	19	et	et	PROPN
cblr-7157	1499	20	al	al	PROPN
cblr-7157	1499	21	.	.	PROPN
cblr-7157	1499	22	,	,	PUNCT
cblr-7157	1499	23	redefining	redefine	VERB
cblr-7157	1499	24	the	the	DET
cblr-7157	1499	25	corporation	corporation	NOUN
cblr-7157	1499	26	:	:	PUNCT
cblr-7157	1499	27	stakeholder	stakeholder	NOUN
cblr-7157	1499	28	management	management	NOUN
cblr-7157	1499	29	and	and	CCONJ
cblr-7157	1499	30	organizational	organizational	ADJ
cblr-7157	1499	31	wealth	wealth	NOUN
cblr-7157	1499	32	12–16	12–16	NUM
cblr-7157	1499	33	(	(	PUNCT
cblr-7157	1499	34	2002	2002	NUM
cblr-7157	1499	35	)	)	PUNCT
cblr-7157	1499	36	.	.	PUNCT
cblr-7157	1500	1	345	345	NUM
cblr-7157	1500	2	see	see	VERB
cblr-7157	1500	3	,	,	PUNCT
cblr-7157	1500	4	e.g.	e.g.	ADV
cblr-7157	1500	5	,	,	PUNCT
cblr-7157	1500	6	millon	millon	NOUN
cblr-7157	1500	7	,	,	PUNCT
cblr-7157	1500	8	supra	supra	PROPN
cblr-7157	1500	9	note	note	NOUN
cblr-7157	1500	10	252	252	NUM
cblr-7157	1500	11	,	,	PUNCT
cblr-7157	1500	12	at	at	ADP
cblr-7157	1500	13	1380–81	1380–81	NUM
cblr-7157	1500	14	.	.	PUNCT
cblr-7157	1501	1	346	346	NUM
cblr-7157	1501	2	see	see	NOUN
cblr-7157	1501	3	,	,	PUNCT
cblr-7157	1501	4	e.g.	e.g.	ADV
cblr-7157	1501	5	,	,	PUNCT
cblr-7157	1501	6	marleen	marleen	PROPN
cblr-7157	1501	7	a.	a.	PROPN
cblr-7157	1501	8	o'connor	o'connor	PROPN
cblr-7157	1501	9	,	,	PUNCT
cblr-7157	1501	10	restructuring	restructure	VERB
cblr-7157	1501	11	the	the	DET
cblr-7157	1501	12	corporation	corporation	NOUN
cblr-7157	1501	13	's	's	PART
cblr-7157	1501	14	nexus	nexus	NOUN
cblr-7157	1501	15	of	of	ADP
cblr-7157	1501	16	contracts	contract	NOUN
cblr-7157	1501	17	:	:	PUNCT
cblr-7157	1501	18	recognizing	recognize	VERB
cblr-7157	1501	19	a	a	DET
cblr-7157	1501	20	fiduciary	fiduciary	ADJ
cblr-7157	1501	21	duty	duty	NOUN
cblr-7157	1501	22	to	to	PART
cblr-7157	1501	23	protect	protect	VERB
cblr-7157	1501	24	displaced	displaced	ADJ
cblr-7157	1501	25	workers	worker	NOUN
cblr-7157	1501	26	,	,	PUNCT
cblr-7157	1501	27	69	69	NUM
cblr-7157	1501	28	n.c	n.c	PROPN
cblr-7157	1501	29	.	.	PROPN
cblr-7157	1501	30	l.	l.	PROPN
cblr-7157	1501	31	rev	rev	PROPN
cblr-7157	1501	32	.	.	PROPN
cblr-7157	1501	33	1189	1189	NUM
cblr-7157	1501	34	,	,	PUNCT
cblr-7157	1501	35	1235–46	1235–46	NUM
cblr-7157	1501	36	(	(	PUNCT
cblr-7157	1501	37	1991	1991	NUM
cblr-7157	1501	38	)	)	PUNCT
cblr-7157	1501	39	(	(	PUNCT
cblr-7157	1501	40	explaining	explain	VERB
cblr-7157	1501	41	how	how	SCONJ
cblr-7157	1501	42	the	the	DET
cblr-7157	1501	43	contractarian	contractarian	ADJ
cblr-7157	1501	44	rationale	rationale	NOUN
cblr-7157	1501	45	can	can	AUX
cblr-7157	1501	46	be	be	AUX
cblr-7157	1501	47	used	use	VERB
cblr-7157	1501	48	to	to	PART
cblr-7157	1501	49	protect	protect	VERB
cblr-7157	1501	50	workers	worker	NOUN
cblr-7157	1501	51	’	’	PART
cblr-7157	1501	52	implicit	implicit	ADJ
cblr-7157	1501	53	relational	relational	ADJ
cblr-7157	1501	54	contracts	contract	NOUN
cblr-7157	1501	55	in	in	ADP
cblr-7157	1501	56	the	the	DET
cblr-7157	1501	57	corporation	corporation	NOUN
cblr-7157	1501	58	)	)	PUNCT
cblr-7157	1501	59	.	.	PUNCT
cblr-7157	1502	1	347	347	NUM
cblr-7157	1502	2	see	see	VERB
cblr-7157	1502	3	blair	blair	PROPN
cblr-7157	1502	4	&	&	CCONJ
cblr-7157	1502	5	stout	stout	PROPN
cblr-7157	1502	6	,	,	PUNCT
cblr-7157	1502	7	supra	supra	ADJ
cblr-7157	1502	8	note	note	NOUN
cblr-7157	1502	9	1	1	NUM
cblr-7157	1502	10	,	,	PUNCT
cblr-7157	1502	11	at	at	ADP
cblr-7157	1502	12	253–54	253–54	NUM
cblr-7157	1502	13	;	;	PUNCT
cblr-7157	1502	14	greenfield	greenfield	NOUN
cblr-7157	1502	15	,	,	PUNCT
cblr-7157	1502	16	supra	supra	PROPN
cblr-7157	1502	17	note	note	NOUN
cblr-7157	1502	18	72	72	NUM
cblr-7157	1502	19	,	,	PUNCT
cblr-7157	1502	20	at	at	ADP
cblr-7157	1502	21	47	47	NUM
cblr-7157	1502	22	.	.	PUNCT
cblr-7157	1503	1	348	348	NUM
cblr-7157	1503	2	greenfield	greenfield	NOUN
cblr-7157	1503	3	,	,	PUNCT
cblr-7157	1503	4	supra	supra	PROPN
cblr-7157	1503	5	note	note	NOUN
cblr-7157	1503	6	72	72	NUM
cblr-7157	1503	7	,	,	PUNCT
cblr-7157	1503	8	at	at	ADP
cblr-7157	1503	9	29–33	29–33	NUM
cblr-7157	1503	10	.	.	PUNCT
cblr-7157	1504	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1504	2	(	(	PUNCT
cblr-7157	1504	3	do	do	AUX
cblr-7157	1504	4	not	not	PART
cblr-7157	1504	5	delte	delte	VERB
cblr-7157	1504	6	)	)	PUNCT
cblr-7157	1504	7	10/2/2020	10/2/2020	NUM
cblr-7157	1504	8	11:44	11:44	NUM
cblr-7157	1504	9	am	be	AUX
cblr-7157	1504	10	100	100	NUM
cblr-7157	1504	11	columbia	columbia	PROPN
cblr-7157	1504	12	business	business	NOUN
cblr-7157	1504	13	law	law	PROPN
cblr-7157	1504	14	review	review	NOUN
cblr-7157	1504	15	[	[	X
cblr-7157	1504	16	vol	vol	NOUN
cblr-7157	1504	17	.	.	PUNCT
cblr-7157	1504	18	2020	2020	NUM
cblr-7157	1504	19	have	have	VERB
cblr-7157	1504	20	fiduciary	fiduciary	ADJ
cblr-7157	1504	21	obligations	obligation	NOUN
cblr-7157	1504	22	to	to	ADP
cblr-7157	1504	23	multiple	multiple	ADJ
cblr-7157	1504	24	groups.349	groups.349	NOUN
cblr-7157	1504	25	the	the	DET
cblr-7157	1504	26	contrast	contrast	NOUN
cblr-7157	1504	27	between	between	ADP
cblr-7157	1504	28	this	this	DET
cblr-7157	1504	29	model	model	NOUN
cblr-7157	1504	30	and	and	CCONJ
cblr-7157	1504	31	the	the	DET
cblr-7157	1504	32	property	property	NOUN
cblr-7157	1504	33	theory	theory	NOUN
cblr-7157	1504	34	is	be	AUX
cblr-7157	1504	35	sharp	sharp	ADJ
cblr-7157	1504	36	in	in	SCONJ
cblr-7157	1504	37	that	that	SCONJ
cblr-7157	1504	38	this	this	DET
cblr-7157	1504	39	question	question	NOUN
cblr-7157	1504	40	is	be	AUX
cblr-7157	1504	41	resolved	resolve	VERB
cblr-7157	1504	42	by	by	ADP
cblr-7157	1504	43	the	the	DET
cblr-7157	1504	44	property	property	NOUN
cblr-7157	1504	45	theory	theory	NOUN
cblr-7157	1504	46	in	in	ADP
cblr-7157	1504	47	favor	favor	NOUN
cblr-7157	1504	48	of	of	ADP
cblr-7157	1504	49	the	the	DET
cblr-7157	1504	50	corporation	corporation	NOUN
cblr-7157	1504	51	’s	’s	PART
cblr-7157	1504	52	residual	residual	ADJ
cblr-7157	1504	53	voting	voting	NOUN
cblr-7157	1504	54	interests.350	interests.350	NOUN
cblr-7157	1504	55	the	the	DET
cblr-7157	1504	56	contrast	contrast	NOUN
cblr-7157	1504	57	softens	soften	VERB
cblr-7157	1504	58	,	,	PUNCT
cblr-7157	1504	59	however	however	ADV
cblr-7157	1504	60	,	,	PUNCT
cblr-7157	1504	61	along	along	ADP
cblr-7157	1504	62	another	another	DET
cblr-7157	1504	63	dimension	dimension	NOUN
cblr-7157	1504	64	of	of	ADP
cblr-7157	1504	65	potential	potential	ADJ
cblr-7157	1504	66	conflict	conflict	NOUN
cblr-7157	1504	67	:	:	PUNCT
cblr-7157	1504	68	the	the	DET
cblr-7157	1504	69	social	social	ADJ
cblr-7157	1504	70	versus	versus	ADP
cblr-7157	1504	71	private	private	ADJ
cblr-7157	1504	72	nature	nature	NOUN
cblr-7157	1504	73	of	of	ADP
cblr-7157	1504	74	the	the	DET
cblr-7157	1504	75	corporation	corporation	NOUN
cblr-7157	1504	76	.	.	PUNCT
cblr-7157	1505	1	the	the	DET
cblr-7157	1505	2	nexus	nexus	NOUN
cblr-7157	1505	3	of	of	ADP
cblr-7157	1505	4	contracts	contract	NOUN
cblr-7157	1505	5	approach	approach	NOUN
cblr-7157	1505	6	,	,	PUNCT
cblr-7157	1505	7	perhaps	perhaps	ADV
cblr-7157	1505	8	counterintuitively	counterintuitively	ADV
cblr-7157	1505	9	,	,	PUNCT
cblr-7157	1505	10	yields	yield	VERB
cblr-7157	1505	11	more	more	ADV
cblr-7157	1505	12	readily	readily	ADV
cblr-7157	1505	13	to	to	ADP
cblr-7157	1505	14	the	the	DET
cblr-7157	1505	15	“	"	PUNCT
cblr-7157	1505	16	private	private	ADJ
cblr-7157	1505	17	”	"	PUNCT
cblr-7157	1505	18	approach	approach	NOUN
cblr-7157	1505	19	than	than	SCONJ
cblr-7157	1505	20	does	do	VERB
cblr-7157	1505	21	a	a	DET
cblr-7157	1505	22	property	property	NOUN
cblr-7157	1505	23	perspective.351	perspective.351	NOUN
cblr-7157	1505	24	indeed	indeed	ADV
cblr-7157	1505	25	,	,	PUNCT
cblr-7157	1505	26	the	the	DET
cblr-7157	1505	27	contractarian	contractarian	ADJ
cblr-7157	1505	28	approach	approach	NOUN
cblr-7157	1505	29	is	be	AUX
cblr-7157	1505	30	implicitly	implicitly	ADV
cblr-7157	1505	31	,	,	PUNCT
cblr-7157	1505	32	and	and	CCONJ
cblr-7157	1505	33	sometimes	sometimes	ADV
cblr-7157	1505	34	explicitly	explicitly	ADV
cblr-7157	1505	35	,	,	PUNCT
cblr-7157	1505	36	invoked	invoke	VERB
cblr-7157	1505	37	in	in	ADP
cblr-7157	1505	38	favor	favor	NOUN
cblr-7157	1505	39	of	of	ADP
cblr-7157	1505	40	that	that	DET
cblr-7157	1505	41	approach.352	approach.352	NOUN
cblr-7157	1505	42	a	a	DET
cblr-7157	1505	43	property	property	NOUN
cblr-7157	1505	44	view	view	NOUN
cblr-7157	1505	45	of	of	ADP
cblr-7157	1505	46	the	the	DET
cblr-7157	1505	47	corporation	corporation	NOUN
cblr-7157	1505	48	in	in	ADP
cblr-7157	1505	49	which	which	PRON
cblr-7157	1505	50	the	the	DET
cblr-7157	1505	51	corporation	corporation	NOUN
cblr-7157	1505	52	is	be	AUX
cblr-7157	1505	53	a	a	DET
cblr-7157	1505	54	proprietary	proprietary	ADJ
cblr-7157	1505	55	creation	creation	NOUN
cblr-7157	1505	56	of	of	ADP
cblr-7157	1505	57	the	the	DET
cblr-7157	1505	58	state	state	NOUN
cblr-7157	1505	59	rather	rather	ADV
cblr-7157	1505	60	than	than	ADP
cblr-7157	1505	61	a	a	DET
cblr-7157	1505	62	set	set	NOUN
cblr-7157	1505	63	of	of	ADP
cblr-7157	1505	64	contracts	contract	NOUN
cblr-7157	1505	65	lends	lend	VERB
cblr-7157	1505	66	itself	itself	PRON
cblr-7157	1505	67	at	at	ADP
cblr-7157	1505	68	least	least	ADJ
cblr-7157	1505	69	as	as	ADP
cblr-7157	1505	70	readily	readily	ADV
cblr-7157	1505	71	to	to	ADP
cblr-7157	1505	72	the	the	DET
cblr-7157	1505	73	concession	concession	NOUN
cblr-7157	1505	74	,	,	PUNCT
cblr-7157	1505	75	or	or	CCONJ
cblr-7157	1505	76	“	"	PUNCT
cblr-7157	1505	77	social	social	ADJ
cblr-7157	1505	78	”	"	PUNCT
cblr-7157	1505	79	theory	theory	NOUN
cblr-7157	1505	80	.	.	PUNCT
cblr-7157	1506	1	this	this	DET
cblr-7157	1506	2	potential	potential	ADJ
cblr-7157	1506	3	amenability	amenability	NOUN
cblr-7157	1506	4	of	of	ADP
cblr-7157	1506	5	property	property	NOUN
cblr-7157	1506	6	law	law	NOUN
cblr-7157	1506	7	as	as	SCONJ
cblr-7157	1506	8	compared	compare	VERB
cblr-7157	1506	9	to	to	ADP
cblr-7157	1506	10	contract	contract	NOUN
cblr-7157	1506	11	law	law	NOUN
cblr-7157	1506	12	has	have	AUX
cblr-7157	1506	13	been	be	AUX
cblr-7157	1506	14	noted	note	VERB
cblr-7157	1506	15	by	by	ADP
cblr-7157	1506	16	the	the	DET
cblr-7157	1506	17	nascent	nascent	ADJ
cblr-7157	1506	18	literature	literature	NOUN
cblr-7157	1506	19	on	on	ADP
cblr-7157	1506	20	corporate	corporate	ADJ
cblr-7157	1506	21	law	law	NOUN
cblr-7157	1506	22	as	as	ADP
cblr-7157	1506	23	property	property	NOUN
cblr-7157	1506	24	law.353	law.353	NOUN
cblr-7157	1506	25	the	the	DET
cblr-7157	1506	26	idea	idea	NOUN
cblr-7157	1506	27	that	that	SCONJ
cblr-7157	1506	28	a	a	DET
cblr-7157	1506	29	property	property	NOUN
cblr-7157	1506	30	conception	conception	NOUN
cblr-7157	1506	31	lends	lend	VERB
cblr-7157	1506	32	itself	itself	PRON
cblr-7157	1506	33	to	to	ADP
cblr-7157	1506	34	a	a	DET
cblr-7157	1506	35	social	social	ADJ
cblr-7157	1506	36	view	view	NOUN
cblr-7157	1506	37	of	of	ADP
cblr-7157	1506	38	the	the	DET
cblr-7157	1506	39	corporation	corporation	NOUN
cblr-7157	1506	40	is	be	AUX
cblr-7157	1506	41	perhaps	perhaps	ADV
cblr-7157	1506	42	counterintuitive	counterintuitive	ADJ
cblr-7157	1506	43	,	,	PUNCT
cblr-7157	1506	44	but	but	CCONJ
cblr-7157	1506	45	compelling	compelling	ADJ
cblr-7157	1506	46	.	.	PUNCT
cblr-7157	1507	1	yet	yet	CCONJ
cblr-7157	1507	2	the	the	DET
cblr-7157	1507	3	arguments	argument	NOUN
cblr-7157	1507	4	typically	typically	ADV
cblr-7157	1507	5	deployed	deploy	VERB
cblr-7157	1507	6	in	in	ADP
cblr-7157	1507	7	favor	favor	NOUN
cblr-7157	1507	8	of	of	ADP
cblr-7157	1507	9	this	this	DET
cblr-7157	1507	10	view	view	NOUN
cblr-7157	1507	11	are	be	AUX
cblr-7157	1507	12	unpersuasive	unpersuasive	ADJ
cblr-7157	1507	13	.	.	PUNCT
cblr-7157	1508	1	a	a	DET
cblr-7157	1508	2	typical	typical	ADJ
cblr-7157	1508	3	approach	approach	NOUN
cblr-7157	1508	4	begins	begin	VERB
cblr-7157	1508	5	with	with	ADP
cblr-7157	1508	6	the	the	DET
cblr-7157	1508	7	observation	observation	NOUN
cblr-7157	1508	8	that	that	SCONJ
cblr-7157	1508	9	of	of	ADP
cblr-7157	1508	10	course	course	NOUN
cblr-7157	1508	11	there	there	PRON
cblr-7157	1508	12	are	be	VERB
cblr-7157	1508	13	restrictions	restriction	NOUN
cblr-7157	1508	14	on	on	ADP
cblr-7157	1508	15	how	how	SCONJ
cblr-7157	1508	16	people	people	NOUN
cblr-7157	1508	17	use	use	VERB
cblr-7157	1508	18	their	their	PRON
cblr-7157	1508	19	property	property	NOUN
cblr-7157	1508	20	.	.	PUNCT
cblr-7157	1509	1	the	the	DET
cblr-7157	1509	2	next	next	ADJ
cblr-7157	1509	3	,	,	PUNCT
cblr-7157	1509	4	often	often	ADV
cblr-7157	1509	5	implicit	implicit	ADJ
cblr-7157	1509	6	,	,	PUNCT
cblr-7157	1509	7	step	step	NOUN
cblr-7157	1509	8	is	be	AUX
cblr-7157	1509	9	that	that	SCONJ
cblr-7157	1509	10	regulation	regulation	NOUN
cblr-7157	1509	11	of	of	ADP
cblr-7157	1509	12	the	the	DET
cblr-7157	1509	13	use	use	NOUN
cblr-7157	1509	14	of	of	ADP
cblr-7157	1509	15	property	property	NOUN
cblr-7157	1509	16	justifies	justify	VERB
cblr-7157	1509	17	intervention	intervention	NOUN
cblr-7157	1509	18	in	in	ADP
cblr-7157	1509	19	corporate	corporate	ADJ
cblr-7157	1509	20	governance	governance	NOUN
cblr-7157	1509	21	.	.	PUNCT
cblr-7157	1510	1	that	that	PRON
cblr-7157	1510	2	is	be	AUX
cblr-7157	1510	3	,	,	PUNCT
cblr-7157	1510	4	“	"	PUNCT
cblr-7157	1510	5	[	[	X
cblr-7157	1510	6	a]n	a]n	NOUN
cblr-7157	1510	7	adjustment	adjustment	NOUN
cblr-7157	1510	8	in	in	ADP
cblr-7157	1510	9	corporate	corporate	ADJ
cblr-7157	1510	10	governance	governance	NOUN
cblr-7157	1510	11	is	be	AUX
cblr-7157	1510	12	just	just	ADV
cblr-7157	1510	13	that	that	PRON
cblr-7157	1510	14	—	—	PUNCT
cblr-7157	1510	15	a	a	DET
cblr-7157	1510	16	regulation	regulation	NOUN
cblr-7157	1510	17	of	of	ADP
cblr-7157	1510	18	business	business	NOUN
cblr-7157	1510	19	.	.	PUNCT
cblr-7157	1510	20	”354	”354	PUNCT
cblr-7157	1511	1	in	in	ADP
cblr-7157	1511	2	a	a	DET
cblr-7157	1511	3	sense	sense	NOUN
cblr-7157	1511	4	,	,	PUNCT
cblr-7157	1511	5	this	this	DET
cblr-7157	1511	6	perspective	perspective	NOUN
cblr-7157	1511	7	echoes	echo	VERB
cblr-7157	1511	8	the	the	DET
cblr-7157	1511	9	historical	historical	ADJ
cblr-7157	1511	10	origins	origin	NOUN
cblr-7157	1511	11	of	of	ADP
cblr-7157	1511	12	corporations	corporation	NOUN
cblr-7157	1511	13	,	,	PUNCT
cblr-7157	1511	14	where	where	SCONJ
cblr-7157	1511	15	349	349	NUM
cblr-7157	1511	16	millon	millon	NOUN
cblr-7157	1511	17	,	,	PUNCT
cblr-7157	1511	18	supra	supra	PROPN
cblr-7157	1511	19	note	note	NOUN
cblr-7157	1511	20	252	252	NUM
cblr-7157	1511	21	,	,	PUNCT
cblr-7157	1511	22	at	at	ADP
cblr-7157	1511	23	1388	1388	NUM
cblr-7157	1511	24	.	.	PUNCT
cblr-7157	1512	1	350	350	NUM
cblr-7157	1512	2	see	see	VERB
cblr-7157	1512	3	supra	supra	PROPN
cblr-7157	1512	4	section	section	PROPN
cblr-7157	1512	5	iii.b	iii.b	PROPN
cblr-7157	1512	6	.	.	PUNCT
cblr-7157	1512	7	351	351	NUM
cblr-7157	1512	8	see	see	VERB
cblr-7157	1512	9	choi	choi	NOUN
cblr-7157	1512	10	&	&	CCONJ
cblr-7157	1512	11	min	min	PROPN
cblr-7157	1512	12	,	,	PUNCT
cblr-7157	1512	13	supra	supra	PROPN
cblr-7157	1512	14	note	note	PROPN
cblr-7157	1512	15	108	108	NUM
cblr-7157	1512	16	,	,	PUNCT
cblr-7157	1512	17	at	at	ADP
cblr-7157	1512	18	11–12	11–12	NUM
cblr-7157	1512	19	(	(	PUNCT
cblr-7157	1512	20	explaining	explain	VERB
cblr-7157	1512	21	that	that	SCONJ
cblr-7157	1512	22	the	the	DET
cblr-7157	1512	23	nexus	nexus	NOUN
cblr-7157	1512	24	of	of	ADP
cblr-7157	1512	25	contracts	contract	NOUN
cblr-7157	1512	26	approach	approach	NOUN
cblr-7157	1512	27	has	have	AUX
cblr-7157	1512	28	led	lead	VERB
cblr-7157	1512	29	scholars	scholar	NOUN
cblr-7157	1512	30	to	to	PART
cblr-7157	1512	31	advocate	advocate	VERB
cblr-7157	1512	32	for	for	ADP
cblr-7157	1512	33	fewer	few	ADJ
cblr-7157	1512	34	mandatory	mandatory	ADJ
cblr-7157	1512	35	terms	term	NOUN
cblr-7157	1512	36	and	and	CCONJ
cblr-7157	1512	37	an	an	DET
cblr-7157	1512	38	emphasis	emphasis	NOUN
cblr-7157	1512	39	on	on	ADP
cblr-7157	1512	40	private	private	ADJ
cblr-7157	1512	41	ordering	ordering	NOUN
cblr-7157	1512	42	in	in	ADP
cblr-7157	1512	43	corporate	corporate	ADJ
cblr-7157	1512	44	law	law	NOUN
cblr-7157	1512	45	)	)	PUNCT
cblr-7157	1512	46	.	.	PUNCT
cblr-7157	1513	1	352	352	NUM
cblr-7157	1513	2	see	see	VERB
cblr-7157	1513	3	stephen	stephen	PROPN
cblr-7157	1513	4	m.	m.	PROPN
cblr-7157	1513	5	bainbridge	bainbridge	PROPN
cblr-7157	1513	6	,	,	PUNCT
cblr-7157	1513	7	community	community	NOUN
cblr-7157	1513	8	and	and	CCONJ
cblr-7157	1513	9	statism	statism	NOUN
cblr-7157	1513	10	:	:	PUNCT
cblr-7157	1513	11	a	a	DET
cblr-7157	1513	12	conservative	conservative	ADJ
cblr-7157	1513	13	contractarian	contractarian	ADJ
cblr-7157	1513	14	critique	critique	NOUN
cblr-7157	1513	15	of	of	ADP
cblr-7157	1513	16	progressive	progressive	ADJ
cblr-7157	1513	17	corporate	corporate	ADJ
cblr-7157	1513	18	law	law	NOUN
cblr-7157	1513	19	scholarship	scholarship	NOUN
cblr-7157	1513	20	,	,	PUNCT
cblr-7157	1513	21	82	82	NUM
cblr-7157	1513	22	cornell	cornell	PROPN
cblr-7157	1513	23	l.	l.	PROPN
cblr-7157	1513	24	rev	rev	PROPN
cblr-7157	1513	25	.	.	PROPN
cblr-7157	1513	26	856	856	NUM
cblr-7157	1513	27	,	,	PUNCT
cblr-7157	1513	28	903	903	NUM
cblr-7157	1513	29	(	(	PUNCT
cblr-7157	1513	30	1997	1997	NUM
cblr-7157	1513	31	)	)	PUNCT
cblr-7157	1513	32	.	.	PUNCT
cblr-7157	1514	1	353	353	NUM
cblr-7157	1514	2	see	see	VERB
cblr-7157	1514	3	michael	michael	PROPN
cblr-7157	1514	4	j.	j.	PROPN
cblr-7157	1514	5	whincop	whincop	PROPN
cblr-7157	1514	6	,	,	PUNCT
cblr-7157	1514	7	painting	paint	VERB
cblr-7157	1514	8	the	the	DET
cblr-7157	1514	9	corporate	corporate	ADJ
cblr-7157	1514	10	cathedral	cathedral	NOUN
cblr-7157	1514	11	:	:	PUNCT
cblr-7157	1514	12	the	the	DET
cblr-7157	1514	13	protection	protection	NOUN
cblr-7157	1514	14	of	of	ADP
cblr-7157	1514	15	entitlements	entitlement	NOUN
cblr-7157	1514	16	in	in	ADP
cblr-7157	1514	17	corporate	corporate	ADJ
cblr-7157	1514	18	law	law	NOUN
cblr-7157	1514	19	,	,	PUNCT
cblr-7157	1514	20	19	19	NUM
cblr-7157	1514	21	oxford	oxford	PROPN
cblr-7157	1514	22	j.	j.	PROPN
cblr-7157	1514	23	legal	legal	ADJ
cblr-7157	1514	24	stud	stud	NOUN
cblr-7157	1514	25	.	.	PUNCT
cblr-7157	1515	1	19	19	NUM
cblr-7157	1515	2	,	,	PUNCT
cblr-7157	1515	3	33	33	NUM
cblr-7157	1515	4	–	–	SYM
cblr-7157	1515	5	35	35	NUM
cblr-7157	1515	6	(	(	PUNCT
cblr-7157	1515	7	1999	1999	NUM
cblr-7157	1515	8	)	)	PUNCT
cblr-7157	1515	9	.	.	PUNCT
cblr-7157	1516	1	354	354	NUM
cblr-7157	1516	2	greenfield	greenfield	NOUN
cblr-7157	1516	3	,	,	PUNCT
cblr-7157	1516	4	supra	supra	PROPN
cblr-7157	1516	5	note	note	NOUN
cblr-7157	1516	6	72	72	NUM
cblr-7157	1516	7	,	,	PUNCT
cblr-7157	1516	8	at	at	ADP
cblr-7157	1516	9	45	45	NUM
cblr-7157	1516	10	.	.	PUNCT
cblr-7157	1516	11	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1516	12	(	(	PUNCT
cblr-7157	1516	13	do	do	AUX
cblr-7157	1516	14	not	not	PART
cblr-7157	1516	15	delete	delete	VERB
cblr-7157	1516	16	)	)	PUNCT
cblr-7157	1516	17	10/2/2020	10/2/2020	NUM
cblr-7157	1516	18	11:44	11:44	NUM
cblr-7157	1516	19	am	be	AUX
cblr-7157	1516	20	no	no	NOUN
cblr-7157	1516	21	.	.	PUNCT
cblr-7157	1517	1	1:1	1:1	NUM
cblr-7157	1517	2	]	]	X
cblr-7157	1517	3	a	a	DET
cblr-7157	1517	4	property	property	NOUN
cblr-7157	1517	5	theory	theory	NOUN
cblr-7157	1517	6	101	101	NUM
cblr-7157	1517	7	they	they	PRON
cblr-7157	1517	8	were	be	AUX
cblr-7157	1517	9	generally	generally	ADV
cblr-7157	1517	10	only	only	ADV
cblr-7157	1517	11	available	available	ADJ
cblr-7157	1517	12	for	for	ADP
cblr-7157	1517	13	businesses	business	NOUN
cblr-7157	1517	14	tinged	tinge	VERB
cblr-7157	1517	15	with	with	ADP
cblr-7157	1517	16	a	a	DET
cblr-7157	1517	17	public	public	ADJ
cblr-7157	1517	18	purpose.355	purpose.355	NOUN
cblr-7157	1517	19	there	there	PRON
cblr-7157	1517	20	is	be	VERB
cblr-7157	1517	21	stronger	strong	ADJ
cblr-7157	1517	22	argument	argument	NOUN
cblr-7157	1517	23	,	,	PUNCT
cblr-7157	1517	24	however	however	ADV
cblr-7157	1517	25	,	,	PUNCT
cblr-7157	1517	26	for	for	ADP
cblr-7157	1517	27	why	why	SCONJ
cblr-7157	1517	28	the	the	DET
cblr-7157	1517	29	property	property	NOUN
cblr-7157	1517	30	theory	theory	NOUN
cblr-7157	1517	31	is	be	AUX
cblr-7157	1517	32	at	at	ADV
cblr-7157	1517	33	least	least	ADJ
cblr-7157	1517	34	as	as	ADV
cblr-7157	1517	35	amenable	amenable	ADJ
cblr-7157	1517	36	as	as	ADP
cblr-7157	1517	37	the	the	DET
cblr-7157	1517	38	contractarian	contractarian	ADJ
cblr-7157	1517	39	theory	theory	NOUN
cblr-7157	1517	40	to	to	ADP
cblr-7157	1517	41	a	a	DET
cblr-7157	1517	42	social	social	ADJ
cblr-7157	1517	43	conception	conception	NOUN
cblr-7157	1517	44	of	of	ADP
cblr-7157	1517	45	the	the	DET
cblr-7157	1517	46	corporation	corporation	NOUN
cblr-7157	1517	47	.	.	PUNCT
cblr-7157	1518	1	the	the	DET
cblr-7157	1518	2	idea	idea	NOUN
cblr-7157	1518	3	of	of	ADP
cblr-7157	1518	4	contracts	contract	NOUN
cblr-7157	1518	5	having	have	VERB
cblr-7157	1518	6	a	a	DET
cblr-7157	1518	7	social	social	ADJ
cblr-7157	1518	8	purpose	purpose	NOUN
cblr-7157	1518	9	is	be	AUX
cblr-7157	1518	10	unwieldy	unwieldy	ADJ
cblr-7157	1518	11	.	.	PUNCT
cblr-7157	1519	1	the	the	DET
cblr-7157	1519	2	role	role	NOUN
cblr-7157	1519	3	of	of	ADP
cblr-7157	1519	4	courts	court	NOUN
cblr-7157	1519	5	in	in	ADP
cblr-7157	1519	6	contract	contract	NOUN
cblr-7157	1519	7	law	law	NOUN
cblr-7157	1519	8	is	be	AUX
cblr-7157	1519	9	to	to	PART
cblr-7157	1519	10	interpret	interpret	VERB
cblr-7157	1519	11	contracts	contract	NOUN
cblr-7157	1519	12	and	and	CCONJ
cblr-7157	1519	13	further	further	ADJ
cblr-7157	1519	14	contracting	contracting	NOUN
cblr-7157	1519	15	parties	party	NOUN
cblr-7157	1519	16	’	'	PUNCT
cblr-7157	1519	17	intent	intent	NOUN
cblr-7157	1519	18	.	.	PUNCT
cblr-7157	1520	1	those	those	PRON
cblr-7157	1520	2	who	who	PRON
cblr-7157	1520	3	are	be	AUX
cblr-7157	1520	4	not	not	PART
cblr-7157	1520	5	even	even	ADV
cblr-7157	1520	6	arguably	arguably	ADV
cblr-7157	1520	7	a	a	DET
cblr-7157	1520	8	party	party	NOUN
cblr-7157	1520	9	to	to	ADP
cblr-7157	1520	10	a	a	DET
cblr-7157	1520	11	corporate	corporate	ADJ
cblr-7157	1520	12	contract	contract	NOUN
cblr-7157	1520	13	,	,	PUNCT
cblr-7157	1520	14	such	such	ADJ
cblr-7157	1520	15	as	as	ADP
cblr-7157	1520	16	the	the	DET
cblr-7157	1520	17	community	community	NOUN
cblr-7157	1520	18	,	,	PUNCT
cblr-7157	1520	19	have	have	VERB
cblr-7157	1520	20	no	no	DET
cblr-7157	1520	21	standing	standing	NOUN
cblr-7157	1520	22	in	in	ADP
cblr-7157	1520	23	a	a	DET
cblr-7157	1520	24	dispute	dispute	NOUN
cblr-7157	1520	25	over	over	ADP
cblr-7157	1520	26	how	how	SCONJ
cblr-7157	1520	27	to	to	PART
cblr-7157	1520	28	interpret	interpret	VERB
cblr-7157	1520	29	it	it	PRON
cblr-7157	1520	30	.	.	PUNCT
cblr-7157	1521	1	property	property	NOUN
cblr-7157	1521	2	,	,	PUNCT
cblr-7157	1521	3	on	on	ADP
cblr-7157	1521	4	the	the	DET
cblr-7157	1521	5	other	other	ADJ
cblr-7157	1521	6	hand	hand	NOUN
cblr-7157	1521	7	,	,	PUNCT
cblr-7157	1521	8	as	as	ADP
cblr-7157	1521	9	a	a	DET
cblr-7157	1521	10	right	right	NOUN
cblr-7157	1521	11	enabled	enable	VERB
cblr-7157	1521	12	by	by	ADP
cblr-7157	1521	13	the	the	DET
cblr-7157	1521	14	state	state	NOUN
cblr-7157	1521	15	,	,	PUNCT
cblr-7157	1521	16	can	can	AUX
cblr-7157	1521	17	have	have	VERB
cblr-7157	1521	18	such	such	DET
cblr-7157	1521	19	a	a	DET
cblr-7157	1521	20	purpose	purpose	NOUN
cblr-7157	1521	21	.	.	PUNCT
cblr-7157	1522	1	restrictions	restriction	NOUN
cblr-7157	1522	2	on	on	ADP
cblr-7157	1522	3	the	the	DET
cblr-7157	1522	4	purposes	purpose	NOUN
cblr-7157	1522	5	for	for	ADP
cblr-7157	1522	6	which	which	PRON
cblr-7157	1522	7	owners	owner	NOUN
cblr-7157	1522	8	may	may	AUX
cblr-7157	1522	9	use	use	VERB
cblr-7157	1522	10	their	their	PRON
cblr-7157	1522	11	property	property	NOUN
cblr-7157	1522	12	are	be	AUX
cblr-7157	1522	13	commonplace	commonplace	ADJ
cblr-7157	1522	14	.	.	PUNCT
cblr-7157	1523	1	while	while	SCONJ
cblr-7157	1523	2	the	the	DET
cblr-7157	1523	3	government	government	NOUN
cblr-7157	1523	4	can	can	AUX
cblr-7157	1523	5	impose	impose	VERB
cblr-7157	1523	6	obligations	obligation	NOUN
cblr-7157	1523	7	on	on	ADP
cblr-7157	1523	8	the	the	DET
cblr-7157	1523	9	affirmative	affirmative	ADJ
cblr-7157	1523	10	use	use	NOUN
cblr-7157	1523	11	of	of	ADP
cblr-7157	1523	12	property,356	property,356	ADP
cblr-7157	1523	13	courts	court	NOUN
cblr-7157	1523	14	’	'	PUNCT
cblr-7157	1523	15	role	role	NOUN
cblr-7157	1523	16	in	in	ADP
cblr-7157	1523	17	private	private	ADJ
cblr-7157	1523	18	contracts	contract	NOUN
cblr-7157	1523	19	is	be	AUX
cblr-7157	1523	20	more	more	ADV
cblr-7157	1523	21	limited	limited	ADJ
cblr-7157	1523	22	.	.	PUNCT
cblr-7157	1524	1	although	although	SCONJ
cblr-7157	1524	2	courts	court	NOUN
cblr-7157	1524	3	may	may	AUX
cblr-7157	1524	4	refuse	refuse	VERB
cblr-7157	1524	5	to	to	PART
cblr-7157	1524	6	enforce	enforce	VERB
cblr-7157	1524	7	agreements	agreement	NOUN
cblr-7157	1524	8	that	that	PRON
cblr-7157	1524	9	violate	violate	VERB
cblr-7157	1524	10	public	public	ADJ
cblr-7157	1524	11	policy	policy	NOUN
cblr-7157	1524	12	,	,	PUNCT
cblr-7157	1524	13	they	they	PRON
cblr-7157	1524	14	usually	usually	ADV
cblr-7157	1524	15	do	do	AUX
cblr-7157	1524	16	not	not	PART
cblr-7157	1524	17	rewrite	rewrite	VERB
cblr-7157	1524	18	those	those	DET
cblr-7157	1524	19	agreements	agreement	NOUN
cblr-7157	1524	20	to	to	PART
cblr-7157	1524	21	further	further	VERB
cblr-7157	1524	22	public	public	ADJ
cblr-7157	1524	23	policy	policy	NOUN
cblr-7157	1524	24	.	.	PUNCT
cblr-7157	1525	1	in	in	ADP
cblr-7157	1525	2	this	this	DET
cblr-7157	1525	3	sense	sense	NOUN
cblr-7157	1525	4	,	,	PUNCT
cblr-7157	1525	5	there	there	PRON
cblr-7157	1525	6	is	be	VERB
cblr-7157	1525	7	a	a	DET
cblr-7157	1525	8	template	template	NOUN
cblr-7157	1525	9	within	within	ADP
cblr-7157	1525	10	property	property	NOUN
cblr-7157	1525	11	law	law	NOUN
cblr-7157	1525	12	for	for	ADP
cblr-7157	1525	13	intervention	intervention	NOUN
cblr-7157	1525	14	into	into	ADP
cblr-7157	1525	15	corporate	corporate	ADJ
cblr-7157	1525	16	affairs	affair	NOUN
cblr-7157	1525	17	that	that	PRON
cblr-7157	1525	18	is	be	AUX
cblr-7157	1525	19	largely	largely	ADV
cblr-7157	1525	20	absent	absent	ADJ
cblr-7157	1525	21	from	from	ADP
cblr-7157	1525	22	contract	contract	NOUN
cblr-7157	1525	23	law	law	NOUN
cblr-7157	1525	24	.	.	PUNCT
cblr-7157	1526	1	as	as	ADP
cblr-7157	1526	2	another	another	DET
cblr-7157	1526	3	example	example	NOUN
cblr-7157	1526	4	,	,	PUNCT
cblr-7157	1526	5	progressive	progressive	ADJ
cblr-7157	1526	6	corporate	corporate	ADJ
cblr-7157	1526	7	law	law	NOUN
cblr-7157	1526	8	theorists	theorist	NOUN
cblr-7157	1526	9	have	have	AUX
cblr-7157	1526	10	tried	try	VERB
cblr-7157	1526	11	to	to	PART
cblr-7157	1526	12	promote	promote	VERB
cblr-7157	1526	13	the	the	DET
cblr-7157	1526	14	idea	idea	NOUN
cblr-7157	1526	15	of	of	ADP
cblr-7157	1526	16	“	"	PUNCT
cblr-7157	1526	17	reliance	reliance	NOUN
cblr-7157	1526	18	”	"	PUNCT
cblr-7157	1526	19	as	as	ADP
cblr-7157	1526	20	an	an	DET
cblr-7157	1526	21	interest	interest	NOUN
cblr-7157	1526	22	that	that	PRON
cblr-7157	1526	23	should	should	AUX
cblr-7157	1526	24	be	be	AUX
cblr-7157	1526	25	protected	protect	VERB
cblr-7157	1526	26	by	by	ADP
cblr-7157	1526	27	corporate	corporate	ADJ
cblr-7157	1526	28	law.357	law.357	NOUN
cblr-7157	1526	29	although	although	SCONJ
cblr-7157	1526	30	this	this	PRON
cblr-7157	1526	31	may	may	AUX
cblr-7157	1526	32	suggest	suggest	VERB
cblr-7157	1526	33	that	that	SCONJ
cblr-7157	1526	34	progressive	progressive	ADJ
cblr-7157	1526	35	corporate	corporate	ADJ
cblr-7157	1526	36	law	law	NOUN
cblr-7157	1526	37	is	be	AUX
cblr-7157	1526	38	tied	tie	VERB
cblr-7157	1526	39	more	more	ADJ
cblr-7157	1526	40	to	to	PART
cblr-7157	1526	41	contract	contract	VERB
cblr-7157	1526	42	(	(	PUNCT
cblr-7157	1526	43	as	as	SCONJ
cblr-7157	1526	44	promises	promise	NOUN
cblr-7157	1526	45	can	can	AUX
cblr-7157	1526	46	be	be	AUX
cblr-7157	1526	47	enforced	enforce	VERB
cblr-7157	1526	48	as	as	ADP
cblr-7157	1526	49	a	a	DET
cblr-7157	1526	50	result	result	NOUN
cblr-7157	1526	51	of	of	ADP
cblr-7157	1526	52	reliance	reliance	NOUN
cblr-7157	1526	53	)	)	PUNCT
cblr-7157	1526	54	than	than	ADP
cblr-7157	1526	55	to	to	ADP
cblr-7157	1526	56	property	property	NOUN
cblr-7157	1526	57	,	,	PUNCT
cblr-7157	1526	58	it	it	PRON
cblr-7157	1526	59	is	be	AUX
cblr-7157	1526	60	important	important	ADJ
cblr-7157	1526	61	to	to	PART
cblr-7157	1526	62	note	note	VERB
cblr-7157	1526	63	that	that	SCONJ
cblr-7157	1526	64	property	property	NOUN
cblr-7157	1526	65	interests	interest	NOUN
cblr-7157	1526	66	can	can	AUX
cblr-7157	1526	67	also	also	ADV
cblr-7157	1526	68	be	be	AUX
cblr-7157	1526	69	created	create	VERB
cblr-7157	1526	70	by	by	ADP
cblr-7157	1526	71	reliance	reliance	NOUN
cblr-7157	1526	72	—	—	PUNCT
cblr-7157	1526	73	as	as	ADP
cblr-7157	1526	74	in	in	ADP
cblr-7157	1526	75	the	the	DET
cblr-7157	1526	76	case	case	NOUN
cblr-7157	1526	77	of	of	ADP
cblr-7157	1526	78	adverse	adverse	ADJ
cblr-7157	1526	79	possession.358	possession.358	NOUN
cblr-7157	1526	80	thus	thus	ADV
cblr-7157	1526	81	,	,	PUNCT
cblr-7157	1526	82	the	the	DET
cblr-7157	1526	83	property	property	NOUN
cblr-7157	1526	84	theory	theory	NOUN
cblr-7157	1526	85	is	be	AUX
cblr-7157	1526	86	not	not	PART
cblr-7157	1526	87	necessarily	necessarily	ADV
cblr-7157	1526	88	inconsistent	inconsistent	ADJ
cblr-7157	1526	89	with	with	ADP
cblr-7157	1526	90	the	the	DET
cblr-7157	1526	91	reliance	reliance	NOUN
cblr-7157	1526	92	-	-	PUNCT
cblr-7157	1526	93	based	base	VERB
cblr-7157	1526	94	notions	notion	NOUN
cblr-7157	1526	95	of	of	ADP
cblr-7157	1526	96	stakeholder	stakeholder	NOUN
cblr-7157	1526	97	theory	theory	NOUN
cblr-7157	1526	98	.	.	PUNCT
cblr-7157	1527	1	further	further	ADJ
cblr-7157	1527	2	work	work	NOUN
cblr-7157	1527	3	is	be	AUX
cblr-7157	1527	4	necessary	necessary	ADJ
cblr-7157	1527	5	to	to	PART
cblr-7157	1527	6	hash	hash	VERB
cblr-7157	1527	7	out	out	ADP
cblr-7157	1527	8	the	the	DET
cblr-7157	1527	9	relevance	relevance	NOUN
cblr-7157	1527	10	of	of	ADP
cblr-7157	1527	11	property	property	NOUN
cblr-7157	1527	12	theory	theory	NOUN
cblr-7157	1527	13	to	to	PART
cblr-7157	1527	14	stakeholder	stakeholder	VERB
cblr-7157	1527	15	conceptions	conception	NOUN
cblr-7157	1527	16	of	of	ADP
cblr-7157	1527	17	the	the	DET
cblr-7157	1527	18	corporation	corporation	NOUN
cblr-7157	1527	19	.	.	PUNCT
cblr-7157	1528	1	indeed	indeed	ADV
cblr-7157	1528	2	,	,	PUNCT
cblr-7157	1528	3	the	the	DET
cblr-7157	1528	4	tendency	tendency	NOUN
cblr-7157	1528	5	of	of	ADP
cblr-7157	1528	6	the	the	DET
cblr-7157	1528	7	nexus	nexus	NOUN
cblr-7157	1528	8	of	of	ADP
cblr-7157	1528	9	contracts	contract	NOUN
cblr-7157	1528	10	theory	theory	NOUN
cblr-7157	1528	11	to	to	PART
cblr-7157	1528	12	devolve	devolve	VERB
cblr-7157	1528	13	into	into	ADP
cblr-7157	1528	14	a	a	DET
cblr-7157	1528	15	shareholder	shareholder	NOUN
cblr-7157	1528	16	/	/	SYM
cblr-7157	1528	17	stakeholder	stakeholder	NOUN
cblr-7157	1528	18	debate	debate	NOUN
cblr-7157	1528	19	has	have	AUX
cblr-7157	1528	20	obscured	obscure	VERB
cblr-7157	1528	21	the	the	DET
cblr-7157	1528	22	355	355	NUM
cblr-7157	1528	23	see	see	NOUN
cblr-7157	1528	24	,	,	PUNCT
cblr-7157	1528	25	e.g.	e.g.	ADV
cblr-7157	1528	26	,	,	PUNCT
cblr-7157	1528	27	david	david	PROPN
cblr-7157	1528	28	k.	k.	PROPN
cblr-7157	1528	29	millon	millon	PROPN
cblr-7157	1528	30	,	,	PUNCT
cblr-7157	1528	31	theories	theory	NOUN
cblr-7157	1528	32	of	of	ADP
cblr-7157	1528	33	the	the	DET
cblr-7157	1528	34	corporation	corporation	NOUN
cblr-7157	1528	35	,	,	PUNCT
cblr-7157	1528	36	1990	1990	NUM
cblr-7157	1528	37	duke	duke	PROPN
cblr-7157	1528	38	l.j	l.j	PROPN
cblr-7157	1528	39	.	.	PROPN
cblr-7157	1528	40	201	201	NUM
cblr-7157	1528	41	,	,	PUNCT
cblr-7157	1528	42	207	207	NUM
cblr-7157	1528	43	(	(	PUNCT
cblr-7157	1528	44	1990	1990	NUM
cblr-7157	1528	45	)	)	PUNCT
cblr-7157	1528	46	(	(	PUNCT
cblr-7157	1528	47	explaining	explain	VERB
cblr-7157	1528	48	that	that	SCONJ
cblr-7157	1528	49	corporations	corporation	NOUN
cblr-7157	1528	50	were	be	AUX
cblr-7157	1528	51	originally	originally	ADV
cblr-7157	1528	52	usually	usually	ADV
cblr-7157	1528	53	chartered	charter	VERB
cblr-7157	1528	54	for	for	ADP
cblr-7157	1528	55	businesses	business	NOUN
cblr-7157	1528	56	serving	serve	VERB
cblr-7157	1528	57	public	public	ADJ
cblr-7157	1528	58	functions	function	NOUN
cblr-7157	1528	59	)	)	PUNCT
cblr-7157	1528	60	.	.	PUNCT
cblr-7157	1529	1	356	356	NUM
cblr-7157	1529	2	an	an	DET
cblr-7157	1529	3	example	example	NOUN
cblr-7157	1529	4	is	be	AUX
cblr-7157	1529	5	the	the	DET
cblr-7157	1529	6	law	law	NOUN
cblr-7157	1529	7	of	of	ADP
cblr-7157	1529	8	nuisance	nuisance	NOUN
cblr-7157	1529	9	.	.	PUNCT
cblr-7157	1530	1	see	see	VERB
cblr-7157	1530	2	joseph	joseph	PROPN
cblr-7157	1530	3	a.	a.	PROPN
cblr-7157	1530	4	joyce	joyce	PROPN
cblr-7157	1530	5	&	&	CCONJ
cblr-7157	1530	6	howard	howard	PROPN
cblr-7157	1530	7	c.	c.	PROPN
cblr-7157	1530	8	joyce	joyce	PROPN
cblr-7157	1530	9	,	,	PUNCT
cblr-7157	1530	10	treatise	treatise	NOUN
cblr-7157	1530	11	on	on	ADP
cblr-7157	1530	12	the	the	DET
cblr-7157	1530	13	law	law	NOUN
cblr-7157	1530	14	governing	govern	VERB
cblr-7157	1530	15	nuisances	nuisance	NOUN
cblr-7157	1530	16	6–9	6–9	X
cblr-7157	1530	17	(	(	PUNCT
cblr-7157	1530	18	1906	1906	NUM
cblr-7157	1530	19	)	)	PUNCT
cblr-7157	1530	20	.	.	PUNCT
cblr-7157	1531	1	357	357	NUM
cblr-7157	1531	2	see	see	VERB
cblr-7157	1531	3	,	,	PUNCT
cblr-7157	1531	4	e.g.	e.g.	ADV
cblr-7157	1531	5	,	,	PUNCT
cblr-7157	1531	6	greenfield	greenfield	NOUN
cblr-7157	1531	7	,	,	PUNCT
cblr-7157	1531	8	supra	supra	PROPN
cblr-7157	1531	9	note	note	NOUN
cblr-7157	1531	10	72	72	NUM
cblr-7157	1531	11	,	,	PUNCT
cblr-7157	1531	12	at	at	ADP
cblr-7157	1531	13	51–53	51–53	NUM
cblr-7157	1531	14	.	.	PUNCT
cblr-7157	1532	1	358	358	NUM
cblr-7157	1533	1	i	i	PRON
cblr-7157	1533	2	d.	d.	PROPN
cblr-7157	1533	3	at	at	ADP
cblr-7157	1533	4	46	46	NUM
cblr-7157	1533	5	.	.	PUNCT
cblr-7157	1534	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1534	2	(	(	PUNCT
cblr-7157	1534	3	do	do	AUX
cblr-7157	1534	4	not	not	PART
cblr-7157	1534	5	delte	delte	VERB
cblr-7157	1534	6	)	)	PUNCT
cblr-7157	1534	7	10/2/2020	10/2/2020	NUM
cblr-7157	1534	8	11:44	11:44	NUM
cblr-7157	1534	9	am	be	AUX
cblr-7157	1534	10	102	102	NUM
cblr-7157	1534	11	columbia	columbia	PROPN
cblr-7157	1534	12	business	business	NOUN
cblr-7157	1534	13	law	law	PROPN
cblr-7157	1534	14	review	review	NOUN
cblr-7157	1534	15	[	[	X
cblr-7157	1534	16	vol	vol	NOUN
cblr-7157	1534	17	.	.	PUNCT
cblr-7157	1534	18	2020	2020	NUM
cblr-7157	1534	19	potentially	potentially	ADV
cblr-7157	1534	20	rich	rich	ADJ
cblr-7157	1534	21	implications	implication	NOUN
cblr-7157	1534	22	of	of	ADP
cblr-7157	1534	23	the	the	DET
cblr-7157	1534	24	property	property	NOUN
cblr-7157	1534	25	conception	conception	NOUN
cblr-7157	1534	26	of	of	ADP
cblr-7157	1534	27	corporate	corporate	ADJ
cblr-7157	1534	28	law	law	NOUN
cblr-7157	1534	29	.	.	PUNCT
cblr-7157	1535	1	overly	overly	ADV
cblr-7157	1535	2	simplistic	simplistic	ADJ
cblr-7157	1535	3	debates	debate	NOUN
cblr-7157	1535	4	about	about	ADP
cblr-7157	1535	5	whether	whether	SCONJ
cblr-7157	1535	6	shareholders	shareholder	NOUN
cblr-7157	1535	7	are	be	AUX
cblr-7157	1535	8	“	"	PUNCT
cblr-7157	1535	9	the	the	DET
cblr-7157	1535	10	owners	owner	NOUN
cblr-7157	1535	11	,	,	PUNCT
cblr-7157	1535	12	”	"	PUNCT
cblr-7157	1535	13	of	of	ADP
cblr-7157	1535	14	the	the	DET
cblr-7157	1535	15	corporation	corporation	NOUN
cblr-7157	1535	16	rather	rather	ADV
cblr-7157	1535	17	than	than	ADP
cblr-7157	1535	18	what	what	PRON
cblr-7157	1535	19	ownership	ownership	NOUN
cblr-7157	1535	20	interests	interest	NOUN
cblr-7157	1535	21	exist	exist	VERB
cblr-7157	1535	22	within	within	ADP
cblr-7157	1535	23	the	the	DET
cblr-7157	1535	24	corporation	corporation	NOUN
cblr-7157	1535	25	have	have	AUX
cblr-7157	1535	26	contributed	contribute	VERB
cblr-7157	1535	27	to	to	ADP
cblr-7157	1535	28	misunderstanding	misunderstand	VERB
cblr-7157	1535	29	on	on	ADP
cblr-7157	1535	30	both	both	DET
cblr-7157	1535	31	sides	side	NOUN
cblr-7157	1535	32	of	of	ADP
cblr-7157	1535	33	the	the	DET
cblr-7157	1535	34	debate	debate	NOUN
cblr-7157	1535	35	.	.	PUNCT
cblr-7157	1536	1	the	the	DET
cblr-7157	1536	2	property	property	NOUN
cblr-7157	1536	3	theory	theory	NOUN
cblr-7157	1536	4	of	of	ADP
cblr-7157	1536	5	the	the	DET
cblr-7157	1536	6	corporation	corporation	NOUN
cblr-7157	1536	7	does	do	AUX
cblr-7157	1536	8	not	not	PART
cblr-7157	1536	9	dictate	dictate	VERB
cblr-7157	1536	10	where	where	SCONJ
cblr-7157	1536	11	the	the	DET
cblr-7157	1536	12	rights	right	NOUN
cblr-7157	1536	13	of	of	ADP
cblr-7157	1536	14	stakeholders	stakeholder	NOUN
cblr-7157	1536	15	end	end	VERB
cblr-7157	1536	16	up	up	ADP
cblr-7157	1536	17	;	;	PUNCT
cblr-7157	1536	18	it	it	PRON
cblr-7157	1536	19	determines	determine	VERB
cblr-7157	1536	20	where	where	SCONJ
cblr-7157	1536	21	they	they	PRON
cblr-7157	1536	22	begin	begin	VERB
cblr-7157	1536	23	.	.	PUNCT
cblr-7157	1537	1	that	that	PRON
cblr-7157	1537	2	is	is	ADV
cblr-7157	1537	3	,	,	PUNCT
cblr-7157	1537	4	property	property	NOUN
cblr-7157	1537	5	owners	owner	NOUN
cblr-7157	1537	6	can	can	AUX
cblr-7157	1537	7	parcel	parcel	VERB
cblr-7157	1537	8	out	out	ADP
cblr-7157	1537	9	contractual	contractual	ADJ
cblr-7157	1537	10	rights	right	NOUN
cblr-7157	1537	11	to	to	ADP
cblr-7157	1537	12	their	their	PRON
cblr-7157	1537	13	property	property	NOUN
cblr-7157	1537	14	,	,	PUNCT
cblr-7157	1537	15	which	which	PRON
cblr-7157	1537	16	may	may	AUX
cblr-7157	1537	17	recreate	recreate	VERB
cblr-7157	1537	18	a	a	DET
cblr-7157	1537	19	“	"	PUNCT
cblr-7157	1537	20	team	team	NOUN
cblr-7157	1537	21	production	production	NOUN
cblr-7157	1537	22	”	"	PUNCT
cblr-7157	1537	23	approach	approach	NOUN
cblr-7157	1537	24	,	,	PUNCT
cblr-7157	1537	25	a	a	DET
cblr-7157	1537	26	stakeholder	stakeholder	NOUN
cblr-7157	1537	27	approach	approach	NOUN
cblr-7157	1537	28	,	,	PUNCT
cblr-7157	1537	29	or	or	CCONJ
cblr-7157	1537	30	a	a	DET
cblr-7157	1537	31	shareholder	shareholder	NOUN
cblr-7157	1537	32	primacy	primacy	NOUN
cblr-7157	1537	33	approach	approach	NOUN
cblr-7157	1537	34	.	.	PUNCT
cblr-7157	1538	1	vi	vi	X
cblr-7157	1538	2	.	.	PROPN
cblr-7157	1538	3	conclusion	conclusion	NOUN
cblr-7157	1538	4	this	this	DET
cblr-7157	1538	5	article	article	NOUN
cblr-7157	1538	6	seeks	seek	VERB
cblr-7157	1538	7	to	to	PART
cblr-7157	1538	8	establish	establish	VERB
cblr-7157	1538	9	a	a	DET
cblr-7157	1538	10	chain	chain	NOUN
cblr-7157	1538	11	of	of	ADP
cblr-7157	1538	12	individually	individually	ADV
cblr-7157	1538	13	modest	modest	ADJ
cblr-7157	1538	14	assertions	assertion	NOUN
cblr-7157	1538	15	that	that	SCONJ
cblr-7157	1538	16	together	together	ADV
cblr-7157	1538	17	lead	lead	VERB
cblr-7157	1538	18	to	to	ADP
cblr-7157	1538	19	new	new	ADJ
cblr-7157	1538	20	foundations	foundation	NOUN
cblr-7157	1538	21	for	for	ADP
cblr-7157	1538	22	corporate	corporate	ADJ
cblr-7157	1538	23	law	law	NOUN
cblr-7157	1538	24	.	.	PUNCT
cblr-7157	1539	1	the	the	DET
cblr-7157	1539	2	first	first	ADJ
cblr-7157	1539	3	assertion	assertion	NOUN
cblr-7157	1539	4	is	be	AUX
cblr-7157	1539	5	that	that	SCONJ
cblr-7157	1539	6	there	there	PRON
cblr-7157	1539	7	are	be	VERB
cblr-7157	1539	8	some	some	DET
cblr-7157	1539	9	ownership	ownership	NOUN
cblr-7157	1539	10	interests	interest	NOUN
cblr-7157	1539	11	in	in	ADP
cblr-7157	1539	12	the	the	DET
cblr-7157	1539	13	corporation	corporation	NOUN
cblr-7157	1539	14	—	—	PUNCT
cblr-7157	1539	15	the	the	DET
cblr-7157	1539	16	corporation	corporation	NOUN
cblr-7157	1539	17	is	be	AUX
cblr-7157	1539	18	not	not	PART
cblr-7157	1539	19	exclusively	exclusively	ADV
cblr-7157	1539	20	contractual	contractual	ADJ
cblr-7157	1539	21	but	but	CCONJ
cblr-7157	1539	22	instead	instead	ADV
cblr-7157	1539	23	a	a	DET
cblr-7157	1539	24	mix	mix	NOUN
cblr-7157	1539	25	of	of	ADP
cblr-7157	1539	26	contract	contract	NOUN
cblr-7157	1539	27	and	and	CCONJ
cblr-7157	1539	28	property.359	property.359	ADV
cblr-7157	1539	29	second	second	ADJ
cblr-7157	1539	30	,	,	PUNCT
cblr-7157	1539	31	those	those	DET
cblr-7157	1539	32	ownership	ownership	NOUN
cblr-7157	1539	33	interests	interest	NOUN
cblr-7157	1539	34	most	most	ADV
cblr-7157	1539	35	plausibly	plausibly	ADV
cblr-7157	1539	36	belong	belong	VERB
cblr-7157	1539	37	to	to	ADP
cblr-7157	1539	38	the	the	DET
cblr-7157	1539	39	owners	owner	NOUN
cblr-7157	1539	40	of	of	ADP
cblr-7157	1539	41	the	the	DET
cblr-7157	1539	42	residual	residual	ADJ
cblr-7157	1539	43	control	control	NOUN
cblr-7157	1539	44	rights	right	NOUN
cblr-7157	1539	45	in	in	ADP
cblr-7157	1539	46	the	the	DET
cblr-7157	1539	47	corporation	corporation	NOUN
cblr-7157	1539	48	—	—	PUNCT
cblr-7157	1539	49	the	the	DET
cblr-7157	1539	50	voting	voting	NOUN
cblr-7157	1539	51	shares	share	NOUN
cblr-7157	1539	52	,	,	PUNCT
cblr-7157	1539	53	not	not	PART
cblr-7157	1539	54	necessarily	necessarily	ADV
cblr-7157	1539	55	to	to	ADP
cblr-7157	1539	56	the	the	DET
cblr-7157	1539	57	holders	holder	NOUN
cblr-7157	1539	58	of	of	ADP
cblr-7157	1539	59	the	the	DET
cblr-7157	1539	60	residual	residual	ADJ
cblr-7157	1539	61	economic	economic	ADJ
cblr-7157	1539	62	rights	right	NOUN
cblr-7157	1539	63	of	of	ADP
cblr-7157	1539	64	the	the	DET
cblr-7157	1539	65	corporation	corporation	NOUN
cblr-7157	1539	66	.	.	PUNCT
cblr-7157	1540	1	third	third	ADJ
cblr-7157	1540	2	,	,	PUNCT
cblr-7157	1540	3	fiduciary	fiduciary	ADJ
cblr-7157	1540	4	duties	duty	NOUN
cblr-7157	1540	5	follow	follow	VERB
cblr-7157	1540	6	primarily	primarily	ADV
cblr-7157	1540	7	from	from	ADP
cblr-7157	1540	8	those	those	DET
cblr-7157	1540	9	ownership	ownership	NOUN
cblr-7157	1540	10	interests	interest	NOUN
cblr-7157	1540	11	,	,	PUNCT
cblr-7157	1540	12	not	not	PART
cblr-7157	1540	13	contractual	contractual	ADJ
cblr-7157	1540	14	residual	residual	ADJ
cblr-7157	1540	15	economic	economic	ADJ
cblr-7157	1540	16	interests	interest	NOUN
cblr-7157	1540	17	.	.	PUNCT
cblr-7157	1541	1	collectively	collectively	ADV
cblr-7157	1541	2	,	,	PUNCT
cblr-7157	1541	3	these	these	DET
cblr-7157	1541	4	assertions	assertion	NOUN
cblr-7157	1541	5	establish	establish	VERB
cblr-7157	1541	6	that	that	SCONJ
cblr-7157	1541	7	there	there	PRON
cblr-7157	1541	8	is	be	VERB
cblr-7157	1541	9	a	a	DET
cblr-7157	1541	10	line	line	NOUN
cblr-7157	1541	11	to	to	PART
cblr-7157	1541	12	be	be	AUX
cblr-7157	1541	13	drawn	draw	VERB
cblr-7157	1541	14	between	between	ADP
cblr-7157	1541	15	contract	contract	NOUN
cblr-7157	1541	16	and	and	CCONJ
cblr-7157	1541	17	property	property	NOUN
cblr-7157	1541	18	,	,	PUNCT
cblr-7157	1541	19	ascertained	ascertain	VERB
cblr-7157	1541	20	by	by	ADP
cblr-7157	1541	21	the	the	DET
cblr-7157	1541	22	underlying	underlying	ADJ
cblr-7157	1541	23	theory	theory	NOUN
cblr-7157	1541	24	of	of	ADP
cblr-7157	1541	25	property	property	NOUN
cblr-7157	1541	26	,	,	PUNCT
cblr-7157	1541	27	and	and	CCONJ
cblr-7157	1541	28	that	that	SCONJ
cblr-7157	1541	29	this	this	DET
cblr-7157	1541	30	dividing	dividing	NOUN
cblr-7157	1541	31	line	line	NOUN
cblr-7157	1541	32	identifies	identify	VERB
cblr-7157	1541	33	the	the	DET
cblr-7157	1541	34	boundaries	boundary	NOUN
cblr-7157	1541	35	of	of	ADP
cblr-7157	1541	36	distinctively	distinctively	ADV
cblr-7157	1541	37	corporate	corporate	ADJ
cblr-7157	1541	38	law	law	NOUN
cblr-7157	1541	39	.	.	PUNCT
cblr-7157	1542	1	the	the	DET
cblr-7157	1542	2	property	property	NOUN
cblr-7157	1542	3	theory	theory	NOUN
cblr-7157	1542	4	provides	provide	VERB
cblr-7157	1542	5	an	an	DET
cblr-7157	1542	6	explanation	explanation	NOUN
cblr-7157	1542	7	for	for	ADP
cblr-7157	1542	8	many	many	ADJ
cblr-7157	1542	9	of	of	ADP
cblr-7157	1542	10	the	the	DET
cblr-7157	1542	11	features	feature	NOUN
cblr-7157	1542	12	of	of	ADP
cblr-7157	1542	13	corporate	corporate	ADJ
cblr-7157	1542	14	law	law	NOUN
cblr-7157	1542	15	that	that	PRON
cblr-7157	1542	16	are	be	AUX
cblr-7157	1542	17	weakly	weakly	ADV
cblr-7157	1542	18	supported	support	VERB
cblr-7157	1542	19	by	by	ADP
cblr-7157	1542	20	a	a	DET
cblr-7157	1542	21	purely	purely	ADV
cblr-7157	1542	22	contractarian	contractarian	ADJ
cblr-7157	1542	23	perspective	perspective	NOUN
cblr-7157	1542	24	.	.	PUNCT
cblr-7157	1543	1	it	it	PRON
cblr-7157	1543	2	explains	explain	VERB
cblr-7157	1543	3	why	why	SCONJ
cblr-7157	1543	4	corporate	corporate	ADJ
cblr-7157	1543	5	statutes	statute	NOUN
cblr-7157	1543	6	deal	deal	VERB
cblr-7157	1543	7	almost	almost	ADV
cblr-7157	1543	8	exclusively	exclusively	ADV
cblr-7157	1543	9	with	with	ADP
cblr-7157	1543	10	shareholders	shareholder	NOUN
cblr-7157	1543	11	,	,	PUNCT
cblr-7157	1543	12	why	why	SCONJ
cblr-7157	1543	13	the	the	DET
cblr-7157	1543	14	corporation	corporation	NOUN
cblr-7157	1543	15	has	have	VERB
cblr-7157	1543	16	so	so	ADV
cblr-7157	1543	17	many	many	ADJ
cblr-7157	1543	18	in	in	ADP
cblr-7157	1543	19	rem	rem	NOUN
cblr-7157	1543	20	features	feature	NOUN
cblr-7157	1543	21	,	,	PUNCT
cblr-7157	1543	22	why	why	SCONJ
cblr-7157	1543	23	a	a	DET
cblr-7157	1543	24	single	single	ADJ
cblr-7157	1543	25	law	law	NOUN
cblr-7157	1543	26	applies	apply	VERB
cblr-7157	1543	27	to	to	ADP
cblr-7157	1543	28	the	the	DET
cblr-7157	1543	29	internal	internal	ADJ
cblr-7157	1543	30	affairs	affair	NOUN
cblr-7157	1543	31	of	of	ADP
cblr-7157	1543	32	the	the	DET
cblr-7157	1543	33	corporation	corporation	NOUN
cblr-7157	1543	34	,	,	PUNCT
cblr-7157	1543	35	and	and	CCONJ
cblr-7157	1543	36	why	why	SCONJ
cblr-7157	1543	37	it	it	PRON
cblr-7157	1543	38	is	be	AUX
cblr-7157	1543	39	sensible	sensible	ADJ
cblr-7157	1543	40	to	to	PART
cblr-7157	1543	41	talk	talk	VERB
cblr-7157	1543	42	about	about	ADP
cblr-7157	1543	43	“	"	PUNCT
cblr-7157	1543	44	internal	internal	ADJ
cblr-7157	1543	45	”	"	PUNCT
cblr-7157	1543	46	affairs	affair	NOUN
cblr-7157	1543	47	at	at	ADV
cblr-7157	1543	48	all	all	ADV
cblr-7157	1543	49	.	.	PUNCT
cblr-7157	1544	1	in	in	ADP
cblr-7157	1544	2	practical	practical	ADJ
cblr-7157	1544	3	359	359	NUM
cblr-7157	1544	4	this	this	DET
cblr-7157	1544	5	point	point	NOUN
cblr-7157	1544	6	is	be	AUX
cblr-7157	1544	7	well	well	ADV
cblr-7157	1544	8	explicated	explicate	VERB
cblr-7157	1544	9	in	in	ADP
cblr-7157	1544	10	a	a	DET
cblr-7157	1544	11	recent	recent	ADJ
cblr-7157	1544	12	article	article	NOUN
cblr-7157	1544	13	by	by	ADP
cblr-7157	1544	14	george	george	PROPN
cblr-7157	1544	15	mocsary	mocsary	PROPN
cblr-7157	1544	16	,	,	PUNCT
cblr-7157	1544	17	where	where	SCONJ
cblr-7157	1544	18	he	he	PRON
cblr-7157	1544	19	describes	describe	VERB
cblr-7157	1544	20	the	the	DET
cblr-7157	1544	21	corporation	corporation	NOUN
cblr-7157	1544	22	as	as	ADP
cblr-7157	1544	23	a	a	DET
cblr-7157	1544	24	“	"	PUNCT
cblr-7157	1544	25	triality	triality	NOUN
cblr-7157	1544	26	”	"	PUNCT
cblr-7157	1544	27	of	of	ADP
cblr-7157	1544	28	property	property	NOUN
cblr-7157	1544	29	,	,	PUNCT
cblr-7157	1544	30	contract	contract	NOUN
cblr-7157	1544	31	,	,	PUNCT
cblr-7157	1544	32	and	and	CCONJ
cblr-7157	1544	33	associational	associational	ADJ
cblr-7157	1544	34	rights	right	NOUN
cblr-7157	1544	35	.	.	PUNCT
cblr-7157	1545	1	george	george	PROPN
cblr-7157	1545	2	a.	a.	PROPN
cblr-7157	1545	3	mocsary	mocsary	PROPN
cblr-7157	1545	4	,	,	PUNCT
cblr-7157	1545	5	freedom	freedom	NOUN
cblr-7157	1545	6	of	of	ADP
cblr-7157	1545	7	corporate	corporate	ADJ
cblr-7157	1545	8	purpose	purpose	NOUN
cblr-7157	1545	9	,	,	PUNCT
cblr-7157	1545	10	2016	2016	NUM
cblr-7157	1545	11	byu	byu	PROPN
cblr-7157	1545	12	l.	l.	PROPN
cblr-7157	1545	13	rev	rev	PROPN
cblr-7157	1545	14	.	.	PROPN
cblr-7157	1545	15	1319	1319	NUM
cblr-7157	1545	16	,	,	PUNCT
cblr-7157	1545	17	1328–42	1328–42	NUM
cblr-7157	1545	18	(	(	PUNCT
cblr-7157	1545	19	2016	2016	NUM
cblr-7157	1545	20	)	)	PUNCT
cblr-7157	1545	21	.	.	PUNCT
cblr-7157	1546	1	1_2020.1_anderson	1_2020.1_anderson	NUM
cblr-7157	1546	2	(	(	PUNCT
cblr-7157	1546	3	do	do	AUX
cblr-7157	1546	4	not	not	PART
cblr-7157	1546	5	delete	delete	VERB
cblr-7157	1546	6	)	)	PUNCT
cblr-7157	1546	7	10/2/2020	10/2/2020	NUM
cblr-7157	1546	8	11:44	11:44	NUM
cblr-7157	1546	9	am	be	AUX
cblr-7157	1546	10	no	no	NOUN
cblr-7157	1546	11	.	.	PUNCT
cblr-7157	1546	12	1:1	1:1	NUM
cblr-7157	1546	13	]	]	X
cblr-7157	1546	14	a	a	DET
cblr-7157	1546	15	property	property	NOUN
cblr-7157	1546	16	theory	theory	NOUN
cblr-7157	1546	17	103	103	NUM
cblr-7157	1546	18	terms	term	NOUN
cblr-7157	1546	19	,	,	PUNCT
cblr-7157	1546	20	the	the	DET
cblr-7157	1546	21	property	property	NOUN
cblr-7157	1546	22	theory	theory	NOUN
cblr-7157	1546	23	explanation	explanation	NOUN
cblr-7157	1546	24	helps	help	VERB
cblr-7157	1546	25	to	to	PART
cblr-7157	1546	26	resolve	resolve	VERB
cblr-7157	1546	27	otherwise	otherwise	ADV
cblr-7157	1546	28	difficult	difficult	ADJ
cblr-7157	1546	29	cases	case	NOUN
cblr-7157	1546	30	of	of	ADP
cblr-7157	1546	31	loyalty	loyalty	NOUN
cblr-7157	1546	32	in	in	ADP
cblr-7157	1546	33	corporations	corporation	NOUN
cblr-7157	1546	34	with	with	ADP
cblr-7157	1546	35	increasingly	increasingly	ADV
cblr-7157	1546	36	complex	complex	ADJ
cblr-7157	1546	37	capital	capital	NOUN
cblr-7157	1546	38	structures	structure	NOUN
cblr-7157	1546	39	.	.	PUNCT
cblr-7157	1547	1	finally	finally	ADV
cblr-7157	1547	2	,	,	PUNCT
cblr-7157	1547	3	the	the	DET
cblr-7157	1547	4	property	property	NOUN
cblr-7157	1547	5	theory	theory	NOUN
cblr-7157	1547	6	provides	provide	VERB
cblr-7157	1547	7	some	some	DET
cblr-7157	1547	8	traction	traction	NOUN
cblr-7157	1547	9	on	on	ADP
cblr-7157	1547	10	the	the	DET
cblr-7157	1547	11	question	question	NOUN
cblr-7157	1547	12	of	of	ADP
cblr-7157	1547	13	the	the	DET
cblr-7157	1547	14	social	social	ADJ
cblr-7157	1547	15	purposes	purpose	NOUN
cblr-7157	1547	16	of	of	ADP
cblr-7157	1547	17	the	the	DET
cblr-7157	1547	18	corporation	corporation	NOUN
cblr-7157	1547	19	.	.	PUNCT