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current jurisdictional disparities of federal chartering of corporations.

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posted on Jan, 13 2012 @ 03:47 PM
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this is an interesting idea,
for corperations to be federally incorperated they must be incorperated in DC.

In spite of their functional similarity to state-chartered corporations,
federal corporations6 differ from state corporations in one important
respect: their ability to gain access to federal court. Contrary
to what one might expect, many federal corporations actually receive
less favorable jurisdictional treatment than do their state counterparts.
At one point, all federally chartered corporations enjoyed preferred


source here

the idea is there is a disparity in how corperations are able to be federal corperations (defacto status in 50 states), and the corperations responcibilities to the people in the individual states, and how state and federal laws overlapp. in some instences the inconsistencies allow for loop holes (legal grey areas) where the recognition of the corperation as a citizen at a federal level gives the corperation power at a state level GREATER than would be given at the state level. and in some cases the local state law has allowed for "special" incorperation rights and privledges.

a good example of this is credit card companies moving to a prefered state (headquarters) and then charging the highest interest on credit card debt.

this is evedence of the disparities between the corperate responciabilities of the federally chartered corperation, and its power "interstate" and then the lack of state laws to prevent "loop hole" type activity, by simply having no real laws to deal directly to the loop hole and how to solve it.

another example of state corperations in transnation endevers,
they can "offshore" their profits and pay much less tax in their home country.

this is using jurisdictional disparities to loop hole more profit and less tax.


An early decision from the Supreme Court—indeed, the only Supreme
Court decision to address this issue—stated unequivocally
that a corporation chartered under federal law would be considered a
national citizen only, not a citizen of a particular state, and therefore
would be ineligible for diversity jurisdiction.10



Moreover, even when Congress has stepped in and provided for
state citizenship for certain types of federal corporations (most notably,
national banks and federal savings associations), these statutes
have created new disparities between federal corporations and their
state counterparts.16 The statutes have also led to a wide disparity
between the jurisdictional treatment of federal corporations that are
covered by the statutes and those that are not.17
This Article explores how the current jurisdictional


same source


Among the new government corporations
created during this period were the highly controversial Government
Sponsored Enterprises (GSEs), including Fannie Mae and
Freddie Mac.44 Though purportedly private entities, these
corporations were formed to perform governmental or quasigovernmental
functions.
In addition to these numerous and varied government corporations,
Congress has chartered quite a few nonprofit, charitable corporations.
Title 36 of the U.S. Code contains the corporate charters of
over ninety patriotic and national societies.



In America’s earliest years, corporations were completely foreclosed
from invoking diversity jurisdiction.


there are imtortal creatures makerading as living beings lumbering around using federal powers to invoke laws that allow for GREATER loop holes and rights to exploit loop holes.


Prior to the District of Columbia being granted the ability to issue corporate charters in the late 1800s, corporations operating in the District required a congressional charter. With limited exceptions, most corporations created by Congress are not federally chartered, but are simply created as District of Columbia corporations as a result of the enabling law.

Some charters create corporate entities and is akin to being incorporated at the federal level. Examples of such charters are the Federal Reserve Bank, Federal Deposit Insurance Corporation, Fannie Mae, Freddie Mac, and the Tennessee Valley Authority. Other national level groups with such charters are the American Red Cross, National Academy of Sciences, Boy and Girl Scouts, the 4H Club, National Park Foundation and the Disabled American Veterans, National Trust for Historic Preservation, the United States Olympic Committee, the National Conference on Citizenship, or NeighborWorks America.


wikipedia


Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a federal district to become the national capital as permitted by the U.S. Constitution. The District is therefore not a part of any U.S. state. It was formed from land along the Potomac River donated by the states of Maryland and Virginia; however, the Virginia portion was returned by Congress in 1846.


so here is the contradiction,
if you are incorperated in the district of columbia, you gain status or standing in federal court, while having defacto stutus over state court (higher standing) "federal court" ruling while being NOT A PART OF ANY US STATE.

a "citizen" in rights and imortal in life span, with rights and standing in the supreame court that can had down dicitions to state courts that IS NOT PART OF ANY US STATE?

corperations use delaware state and DC laws to find jurisdictional disparities to exploit the loop holes for proffit.

this gives dc incorperated federal corperations powers and rights above the average person in society.

fanny may and freddy mack are on the list of entities that are responciable for the legislation that ultimatly cased their callapse in value.

end corperate person hood

block the loop holes and make the market truly free and capitalistic
we want FREE MARKET economics,
not corperate un accountability.

in american history legally binding charters were used to restrain the powers of the corperations from influencing govenment.



xploder
edit on 13-1-2012 by XPLodER because: (no reason given)






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