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)
“The chartered recountants take the thing to pieces and put it together again. They enjoy it. The artist takes it to pieces and makes a new thing, new things. He must.”
—Samuel Beckett (1906–1989)
“You may cut off the heads of every rich man now living—of every statesman—every literary, and every scientific authority, without in the least changing the social situation. Artists, of course, disappeared long ago as social forces. So did the church. Corporations are not elevators, but levellers, as I see them.”
—Henry Brooks Adams (1838–1918)