Evolving a Feudal Stack of Sovereign Corporations

In Completing the Groundwork of a Hierarchy of Sovereign Corporations, I suggested that we have all long lived under the government of a stack of sovereign corporations, in each of which we each own an effectual single share; and that a transition to a feudal stack of such sovereign corporations could be effected if these shares were split into two classes of dividend paying shares: D for denizens and C for denizens who are also citizens [for more on the similarities and differences between D and C shares, please review that post].

What would happen if such D and C shares were issued, one of each class to each citizen?

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