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by notahacker
3379 days ago
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By definition, if a jurisdiction doesn't recognise the corporation at all, it isn't a corporation. If the jurisdiction requires human beneficial owners to recognise it as a corporation, the named human beneficial owners are the owners, even if they're very passive owners who don't have any say in the operations or take anything out of the business (like, for example, the average AAPL stockholder). And we already have a word for software that prevents people with the legal title to assets from using them and pays out to other people instead: it's not "machine owned corporation", it's malware. |
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