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 15 Pa. Cons. Stat. § 1981:

(a) General rule.--Upon application filed by a shareholder or director of a business corporation, the court may entertain proceedings for the involuntary winding up and dissolution of the corporation when any one of the following is made to appear:
(1) 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.

(2) The corporate assets are being misapplied or wasted and that it is beneficial to the interests of the shareholders that the corporation be wound up and dissolved.

(3) 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 and that irreparable injury to the corporation is being suffered or is threatened by reason thereof. The court shall not appoint a receiver or grant other similar relief under this paragraph if the shareholders by agreement or otherwise have provided for the appointment of a provisional director or other means for the resolution of a deadlock but the court shall enforce the remedy so provided if appropriate.
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.