Stewart Stremler said: > begin quoting Neil Schneider as of Wed, Jul 13, 2005 at 11:40:49AM > -0700: >> Stewart Stremler said: >> > (Perhaps a second step would be to have unions automatically >> dissolve >> > after a period of time. Thus, a union is a means to correct the >> > abuses due to an inequity of power between management and labor. >> > Once that's been corrected, and the correction is holding, then >> the >> > union is no longer needed and ought to go away.) >> >> I would agree as long as corporations had to also disolve after a >> period of time. That was the original law for corporations, long >> forgotten. They had a lifetime, just like people. > > I've heard that corporations used to require a charter, but not that > they had a pre-defined lifetime. > > Interesting. > > At the end of the lifetime, the assets would be sold off and the > creditors paid off, and then the shareholders?
Actually the states were given the right to "charter" coroporations. They could also revoke the charter. Here's a brief synopsis of the history of corporate law and how the courts have changed it, through fiat. http://www.ratical.org/corporations/TCoBeij.html Activist judges have given a lot of power to corporations that they likely shouldn't have and that the founders fought the revolution against. -- Neil Schneider pacneil_at_linuxgeek_dot_net http://www.paccomp.com Key fingerprint = 67F0 E493 FCC0 0A8C 769B 8209 32D7 1DB1 8460 C47D Secrecy, being an instrument of conspiracy, ought never to be the system of a regular government. - Jeremy Bentham, jurist and philosopher (1748-1832) -- [email protected] http://www.kernel-panic.org/cgi-bin/mailman/listinfo/kplug-list
