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)
“The greater speed and success that distinguish the planting of the human race in this country, over all other plantations in history, owe themselves mainly to the new subdivisions of the State into small corporations of land and power.”
—Ralph Waldo Emerson (1803–1882)