When Is A Corporation Considered Foreign?
Posted on March 12, 2008 - Filed Under Automotive, Legal and Law | Leave a Comment
The word “foreign” carries connotations of something in a country other than one’s own. In the world of corporate law, of course, it has an entirely different meaning.
For the most part, corporate law falls into the bowels of state law. Put another way, each state writes its own rules and regulations regarding business entities. There is no federal law on the subject and none seems imminent regardless of how strange some of the state laws are.
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