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As another commenter pointed out upthread, there are actual cases of perpetual ownership (Harvard being the example), though they're equally as rare as this 367
by micromacrofoot 4y ago
As another commenter pointed out upthread, there are actual cases of perpetual ownership (Harvard being the example), though they're equally as rare as this 367 year old bond.
- max-ibel 4y agoI believe you can set up "dynasty trusts" in some US states today that basically live forever: https://trustandwill.com/learn/dynasty-trust https://trustandwill.com/learn/dynasty-trust
- ghaff 4y agoGoing back to the Dartmouth College case: In the opinion for the Court, Chief Justice John Marshall wrote that by establishing a corporation, Eleazar Wheelock had created “an artificial being, invisible, intangible, and existing only in contemplation of the law.” He explained that “by these means, a perpetual succession of individuals are capable of acting for the promotion of the particular object, like one immortal being.” (Also, by the way, corporate personhood is nothing new.)