Skip to main content
Article
Corporate Law After Hobby Lobby
Business Lawyer
  • Lyman P. Q. Johnson, Washington and Lee University School of Law
  • David K. Millon, Washington and Lee University School of Law
Document Type
Article
Publication Date
1-1-2015
Disciplines
Abstract
We evaluate the U.S. Supreme Court’s controversial decision in the Hobby Lobby case from the perspective of state corporate law. We argue that the Court is correct in holding that corporate law does not mandate that business corporations limit themselves to pursuit of profit. Rather, state law allows incorporation for any lawful purpose. We elaborate on this important point and also explain what it means for a corporation to “exercise religion.” In addition, we address the larger implications of the Court’s analysis for an accurate understanding both of state law’s essentially agnostic stance on the question of corporate purpose and also of the broad scope of managerial discretion.
Comments

Originally published in The Business Lawyer, Volume 70, No. 1, 2015 © 2015 by the American Bar Association

Citation Information
Lyman P.Q. Johnson and David K. Millon, Corporate Law After Hobby Lobby, 70 Bus. Law. 1 (2015).