after trusts come under attack by both state and federal entities, many corporations turned to another form of organization called a , whereby one company could hold, own, or control the stock of another, by special chartering legislation.

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14-11-2022
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after trusts come under attack by both state and federal entities, many corporations turned to another form of organization called a , whereby one company could hold, own, or control the stock of another, by special chartering legislation.

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vtalishathapar vtalishathapar · Answer 1 · 2022-11-16T09:22:33+01:00

A state or local agency is a board, commission, department, office, agency, or political subdivision of the state or county or municipality, or another public body established by or under state law.

What is the difference between state and federal?

Everyone in the United States is subject to federal laws. People who live or work in a specific state, commonwealth, territory, county, city, municipality, town, township, or village are subject to state and local laws.

In the event of a direct conflict, federal law takes precedence over any state law. In the event of a clear conflict, state law yields to federal law. If state law grants residents more rights, state law is presumed to prevail. If state law grants more rights than federal law, state law is presumed to take precedence.

Learn more about state and federal entities here:

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