The term "adulterine guild" refers to a group of artisans or traders who operate similarly to a corporation but without an official charter. These guilds are required to pay an annual fee to the king for the privilege of exercising their unofficial rights. Historically, members of adulterine guilds were not entirely stripped of their citizenship rights, including the right to vote.
Adulterine guilds are relevant in discussions of trade and commerce law, particularly in historical contexts. They illustrate the regulation of trade practices and the balance of power between the monarchy and merchants. Users may encounter this term in legal documents related to business operations, historical trade regulations, or discussions about corporate governance.
Here are a couple of examples of abatement:
For example, a group of blacksmiths in a medieval town might form an adulterine guild to collectively negotiate prices and share resources. They would pay a fee to the local ruler for the right to operate without an official charter. (hypothetical example)
This is not a complete list. State laws vary and users should consult local rules for specific guidance.
| State | Notes |
|---|---|
| California | Adulterine guilds are not recognized in modern law. |
| New York | Historical references exist, but current laws govern corporations. |
| Texas | No modern equivalent; regulated under state business laws. |
| Term | Definition | Difference |
|---|---|---|
| Guild | A formal association of craftsmen or merchants. | Adulterine guilds lack official recognition. |
| Corporation | A legal entity separate from its owners. | Adulterine guilds do not have a charter. |
If you believe you are involved with an organization resembling an adulterine guild, consider seeking legal advice. Understanding your rights and obligations is crucial. You can also explore US Legal Forms for templates that may assist in navigating business regulations.
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A group of traders or artisans operating without a formal charter, paying a fee to the king.