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Fordham Law R eview Volume 24 | Issue 3 Article 5 1955 History of Holding Company Legislation in New York State: Some Doubts as to the New Jersey First Tradition Fred Freedland Recommended Citation Fred Freedland, History of H olding Co mp any Leg islation in New York State: Some Doubts as to the New Jersey F irst Tradition, 24 Ford am L. Rev. 369 (1955). Available at : ttp://ir.lawnet.ford am.edu/flr/vol24/iss3/5 This Article is broug t to you for free and open access by FLASH: The Ford am Law Archive of Scholarship and History. It as been accepted for inclusion in Ford am Law R eview by an authorized administrator of FLASH: The Ford am Law Archive of Scholarship and History. For more information, please contact tmelnick@law.ford am.edu. HISTORY OF HOLDING COMPANY LEGISLATION IN NEW YORK STATE: SOME DOUBTS AS TO THE NEW JERSEY FIRST TRADITION FRED FREEDLAND* INTRODUCTION yfIRTUALLY all writers on corporate law and history and many law- yers appear to believe that New Jersey was the first state to provide by legislation the fundamental basis for the holding company, namely, the authority for one business corporation to own the stock of another business corporation. The purpose of this study is twofold: (1) to dem- onstrate that New Jersey could not have been the first state to permit one business corporation to hold another business corporations stock, having been preceded by New York in sanctioning this activity, and (2) to in- dicate, by a detailed historical presentation of the legislative action of New York on t