Federally Chartered Corporations
The United States does not, except for corporations chartered by act of Congress, have federally chartered corporations. (There are special rules for a federal charter for a bank, but while the bank is federally chartered, it is still incorporated in a specific state.) Note that a corporation chartered in Washington, D.C. is not the same as one that is Federally chartered; a corporation which is incorporated in Washington, D.C. is for all intents and purposes the same as one incorporated in any of the 50 states; it is a domestic corporation there and a foreign corporation anywhere else.
Read more about this topic: Foreign Corporation
Famous quotes containing the words federally, chartered and/or corporations:
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—Gloria Steinem (b. 1934)
“When he speaks,
The air, a chartered libertine, is still.”
—William Shakespeare (1564–1616)
“I cannot believe that our factory system is the best mode by which men may get clothing. The condition of the operatives is becoming every day more like that of the English; and it cannot be wondered at, since, as far as I have heard or observed, the principal object is, not that mankind may be well and honestly clad, but, unquestionably, that the corporations may be enriched.”
—Henry David Thoreau (1817–1862)