17 Dec
2003
17 Dec
'03
11:17 p.m.
Alan Horowitz <alanh@infi.net> writes:
Corporations are state-created persons [legal definition of "person", not colloquial vernacular]. They have some privileges which have surface resmblence to the rights of natural people. For example, they can "have standing" in a court to initiate a legal proceeding - in their own name, not that of an agent or employee or trustee.
Corporations could also own property at the time when many "real" persons could not. Corporations could also be granted monopoly rights by the state, like an exclusive right to trade with a certain region. --- Dr.Dimitri Vulis KOTM Brighton Beach Boardwalk BBS, Forest Hills, N.Y.: +1-718-261-2013, 14.4Kbps