Reply #11: I would love to see the corporate death penalty brought back. [View All]

[backscatter712]

It's still technically on the books, but it hasn't been used in more than a century.

If a corporation screws up badly enough, and the courts deem it necessary, it is perfectly possible for a court to order a corporation's charter to be revoked. Then all the corporation's assets would be auctioned, and the corporation would cease to exist.

I can think of quite a few corporations whose charters desperately need to be revoked.