Reply #105: Yes it can [View All]

[jberryhill]

A corporation engaged in crime can have all of it's assets seized, its operation put under the control of a court appointed receiver, and its existence dissolved.

But because people are so generally ignorant of law, this notion that corporations aren't subject to criminal actions is a pretty widespread myth here.

Yes, it happens. What do you think the Racketeer Influenced Corrupt Organization (RICO) Act is all about? It is about corporations as criminal enterprises.

But, yes, if you proceed from an incorrect premise, you reach an incorrect conclusion.

Corporations ARE subject to criminal liability.