market participant doctrine

market-participant doctrine. The principle that, under the Commerce Clause, a state does not discriminate against interstate commerce by acting as a buyer or seller in the market, by operating a proprietary enterprise, or by subsidizing private business. • Under the Dormant Commerce Clause principle, the Commerce Clause — art. I, § 8, cl. 3 of the U.S. Constitution — disallows most state regulation of, or discrimination against, interstate commerce. But if the state is participating in the market instead of regulating it, the Dormant Commerce Clause analysis does not apply, and the state activity will generally stand. See Dormant Commerce Clause under COMMERCE CLAUSE. [Cases: Commerce 56. C.J.S. Commerce §§ 4, 38, 63, 73, 90, 93.]
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译者Virginia,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,擅长翻译各种与私募股权融资相关的法律文件。
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