Corporations exist as a product of corporate law, and their rules balance the interests of the management who operate the corporation; creditors who loan it goods, services or money; shareholders who invest their capital; the employees who contribute their labor; and the clients they serve. People...
1. (Law) a group of people authorized by law to act as a legal personality and having its own powers, duties, and liabilities 2. (Government, Politics & Diplomacy) Also called: municipal corporation the municipal authorities of a city or town 3. a group of people acting as one body 4...
“Corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/corporation. Accessed 30 Nov. 2024. Copy Citation Share Post the Definition of corporation to Facebook Facebook Share the Definition of corporation on Twitter Twitter Kids...
if the whole stock belonged exclusively to the government, would be a public corporation; but inasmuch as there are other owners of the stock, it is a private corporation. Domat's Civil Law, 452 4 Wheat. R. 668; 9 Wheat. R. 907 8 M'Cord's R. 377 1 Hawk's R. 36; 2 Kent's...
TheCambridge Dictionaryhas the following definitionof corporation: “ 1. A large company or group of companies that is controlled together as a single organization. 2. An organization, esp. a business, that has a legally separate existence from the people who run it:” ...
1a private enterpriseFIRMincorporated in the form of aJOINT-STOCK COMPANY. a publicly owned business such as a nationalized industry. Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005 corporation A legal entity created by filing documents with the local secretary...
Corporate definition: of, for, or belonging to a corporation or corporations. See examples of CORPORATE used in a sentence.
The meaning of CORPORATION is a group of merchants or traders united in a trade guild. How to use corporation in a sentence.
A corporation is sometimes referred to as a “legal person.” Types of Corporations Different sorts of corporations exist. A corporation is a legally created organization. It allows shareholders to have an interest in and control it through the purchase of shares. ...
A corporation must follow many formalities, is subject to publicity, and is governed by state and federal regulations. Many states have drafted their statutes governing corporations based upon the Model Business Corporation Act. This document, prepared by the American Bar Association Section of ...