In municipal corporations in the United States participants - citizens; number vaguely; everyone

In municipal corporations in the United States participants - citizens; number vaguely; everyone stops to be the participant when it moves from a city or a city while each new inhabitant becomes the participant when [227] according to the law it becomes the allocated right to privileges of local citizenship. In the corporations created for
Earnings of their interests of participants are presented by actions which can be transferred their owners, and the representative becomes the allocated right to the rights to membership when transfer is registered; and if the owner dies, its personal representative becomes the participant now. In such corporations also divides, can be sold in satisfaction of debts against their owners.
ADVANTAGES OF CORPORATIONS AND JOINT-STOCK COMPANIES ON ASSOCIATIONS