“Corporation”
shall be deemed to include any company, trust, so-calledMassachusetts
incorporated or unincorporated, which is organized to carry on business for its
own profit or that of its members…”
shall be deemed to include any company, trust, so-called
incorporated or unincorporated, which is organized to carry on business for its
own profit or that of its members…”
So if the state
has created this “unincorporated corporation” then does it have authority over
it? Yes it does. And until you give them notice otherwise, they will always
have authority over it. That is what a UCC-1 Financing Statement does; it gives
public notice that you, the secured party, have a claim against the debtor, the
unincorporated corporation. Now when you file this notice, you take this entity
“out of the state”, out of the jurisdiction of a fictitious entity and into the
private venue, your kingdom, and thus the entity becomes “foreign” to the state
and now it becomes an unincorporated foreign corporation to the state.
Sounds like an oxymoron, but then again, I am using THEIR terminology!
has created this “unincorporated corporation” then does it have authority over
it? Yes it does. And until you give them notice otherwise, they will always
have authority over it. That is what a UCC-1 Financing Statement does; it gives
public notice that you, the secured party, have a claim against the debtor, the
unincorporated corporation. Now when you file this notice, you take this entity
“out of the state”, out of the jurisdiction of a fictitious entity and into the
private venue, your kingdom, and thus the entity becomes “foreign” to the state
and now it becomes an unincorporated foreign corporation to the state.
Sounds like an oxymoron, but then again, I am using THEIR terminology!
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