I don't question that the state can revoke a charter, I meant if it had done so as a result of a perceived threat (rather than as a result of criminal behavior)

I don't question that the state can revoke a charter, I meant if it had done so as a result of a perceived threat (rather than as a result of criminal behavior). I'm aware that since the state also defines criminal behavior the line can be blurry, but I think we can agree that the North River Sugar Refining Company did not pose an existential threat to the state of New York.