Security Aviation has been in business for 25 years; its primary business consists of corporate charters
and contract work for corporations and government agencies.
The point is not only to argue for the viability of corporate charter
revocation, but to emphasize that it is citizens who give corporations their right to exist, and that they retain the right to define and even remove the powers given to corporations.
Courts have clearly reasoned that holding officers, directors and stockholders personally liable for obligations that arise during the operation of a corporation when the corporate charter
has been revoked for non-payment of franchise taxes is to ensure that they not be allowed to avoid personal liability because of their nonfeasance.
In a lawsuit brought by TV preacher Jerry Falwell in November 2001, the evangelist's Thomas Road Baptist Church challenged a Virginia law passed in 1787 that prohibited corporate charters
for religious institutions.
A corporate charter
bestows an extraordinary privilege--exemption from common law rules of personal responsibility.
To protect the health of the people and to prevent the public mischief that is being done, I urge you to bring a quo warranto civil action against the Cleveland Clinic revoking their corporate charter
And it is planning to petition Dan Lungren, California's attorney general and the Republican gubernatorial candidate, to initiate legal action to revoke UNOCAL's corporate charter
In a situation in which state law and a corporate charter
conflicted regarding voting rights, the court in Wurlitzer determined that state law prevailed.
Professional organizations such as the American College of Physician Executives (ACPE) may have a corporate charter
for business purposes and generally are governed by a set of by-laws, perhaps supplemented by a set of rules and regulations.
Currently, there are two corporate charter
companies operating out of the airport, one with a Cessna 500 jet.
NasdaqGS: AAPL) ("Apple" or the "Company") to oppose the Company's attempt to amend its corporate charter
Elicompany was established in 1979 and offers services such as corporate charter
, power line inspection, pipeline patrol, mapping, aerial filming, and flight training.
com announced today that CSX has joined as a corporate charter
member to increase diversity and inclusion within their talent and supplier procurement selection pools.
Last Friday, the bank revised its corporate charter
so that it can issue preferred stock in exchange for government money.
Disposing of a valuable corporate charter
is not as simple as a straight sale of the asset and can have unintended tax consequences if not properly structured.