Wednesday, March 23, 2011

Should the corporate United States and the State of Pennsylvania be dissolved?


(14) ``State'' means any of the several States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Marianas, or any territory or possession of the United States.

(15) ``United States'' means--

          (A) a Federal corporation;

          (B) an agency, department, commission, board, or other entity of the United States; or

          (C) an instrumentality of the United States.


Because anything other than full disclosure of the nature of a contract is illegal, fraudulent and unethical; and the etiology of a corporate structure of governance had not been fully disclosed (see BUSINESS-AS-USUAL STRATEGIES FOR PROTECTING "THE CROWN" INVESTORS and their GLOBAL ANONYMITY) to its share and stock holders; and the acts of its directors and those in control have become illegal, oppressive and fraudulent; and, its assets have been misapplied and wasted, should not the corporation’s unhappy stock/shareholders have recourse to dissolution?

From Dissolution in PA —The Death Of A Pennsylvania Business Corporation:
 . . .  a shareholder or director may petition the court of common pleas to order the winding up and involuntary dissolution of the corporation if and only if one of the following is established:

The acts of the directors, or those in control of the corporation are illegal, oppressive or fraudulent and that it is beneficial to the interests of the shareholders that the corporation be wound up and dissolved;

The corporate assets are being misapplied or wasted, and it is beneficial to the interests of the shareholders that the corporation be wound up and dissolved; or

The directors are deadlocked in the direction of the management of the business and affairs of the corporation and the shareholders are unable to break the deadlock, such that irreparable injury to the corporation is being suffered or is threatened as a result.

In the absence of illegal or fraudulent activity, a misappropriation of assets to the detriment of one or more shareholders, or irreconcilable differences amongst the board of directors, the corporation’s unhappy shareholders may have no recourse but to suffer the perceived mismanagement or sell their stock, often at a tremendous loss.
Should the corporate United States and the State of Pennsylvania be dissolved? Here are examples of how some shareholders view the management of the business affairs of these 28 USC 3002 corporations.