Earlier quoted context omitted.
> This was the norm in the US until the late 1800 Source? Let's say a company owning a factory was thusly dissolved. What would you do? Parcel bricks out to shareholders? We got rid of this for a good reason. It nukes long-term investment by laying the road for expropriation.
See http://reclaimdemocracy.org/corporate-accountability-history... The American Revolution was just as much against Crown Corporations as against British rule.
You are correct in stating that it took political capital to form a corporation in Revolutionary times. But that didn't mean they existed at the pleasure of the state. Furthermore, the close nexus between corporate chartering and political proximity showed its seams in the 19th century. That's why states moved the chartering process to independent bureaucracies.
[1] https://hbr.org/2010/04/what-the-founding-fathers-real.html