If criminal charges proceed against StateFarm Insurance Co. in Mississippi and a felony verdict is rendered will StateFarm still be eligible to own and operate State Farm Insurance Bank (located in illinois) because a bank is a federally regulated entity and insurance companies are state regulated?
2007-02-06 17:18:18 · 5 answers · asked by comingsoon 1 in Business & Finance ➔ Insurance
Yes, because they can't be convicted - corporations can't be convicted of CRIMINAL charges, only people who WORK for that corporation.
Just like, you can't throw a corporation in JAIL. Which is what you do if criminal charges stick.
So I don't know who is pressing "criminial charges" against a corporation, but it's a waste of time.
2007-02-06 23:42:07 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
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2016-06-03 01:04:24 · answer #2 · answered by Jeanette 3 · 0⤊ 0⤋
Why would criminal charges be brought against State Farm?
2007-02-06 17:21:22 · answer #3 · answered by bundysmom 6 · 0⤊ 0⤋
since when could company be found to be a criminal? its the individuals that did it. if they get convicted, they will leave, and someone else will step up to the plate.
2007-02-06 17:25:09 · answer #4 · answered by Jen 5 · 0⤊ 0⤋