Legal Definition and Related Resources of Bubble act
Meaning of Bubble act
The name given to the statute 6 Geo. I. c. 18, which was passed in 1719, and was intended “for restraining several extravagant and unwarrantable practices therein mentioned.” See “2 P. Wms. 219.
What does Bubble Act mean in American Law?
The definition of Bubble Act in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
An English statute passed in 1721 upon the collapse of the South Sea Company bubble designed to thwart similar occurrences in the future. It took the inartistic form of a prohibition on doing business in corporate form without explicit authorization by Parliament. The act remained formally on the books until 1825.
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| Resource | Description |
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| Bubble Act in the Dictionary | Bubble Act in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Bubble Act |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
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| Related topics | Bubble Act in the World Encyclopedia of Law |
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This definition of Bubble Act Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..
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