BoA to the state of Utah - Stick it up your A$$ ...

[littlewolf]

I so hope Utah takes it to these guys ....

http://market-ticker.org/akcs-www?post=185978

Bank of America to Utah: Stick State Law Up Your Ass
Seriously, that's what they said:

But Bank of America contends that federal banking laws, not state law, governs its conduct, and it forecloses under its own name. That will continue to be the practice of acting as its own foreclosure trustee, a bank spokeswoman said.
"As a national bank, ReconTrust’s authority to act as trustee is derived from federal law (the National Bank Act)," said Jumana Bauwens, a spokeswoman for Bank of America, in an email in response to a query about the new Utah law.

snip


Corporate business charters are a State matter. If you're domiciled in a different state you still need to file as a foreign corporate and seek permission to operate in the State.
The State can revoke that charter which would instantly render conducting business in the State (e.g. maintaining an office, employing people, etc.) unlawful. It can then close any in-state entity doing business as what is now an unlicensed and unlawful enterprise by force, literally chaining the doors closed if necessary.

snip

[RB TexLa]

1. Did you hope Alabama took it to em in the 1960's using their state laws to override national laws

too?

[littlewolf]

2. I hope any time a Corp that operates in a state on a state charter

thinks state law does not apply to them ... they need to be taken to the wood shed ...