private corporations

private corporations
Corporation Cor`po*ra"tion (k[^o]r`p[-o]*r[=a]"sh[u^]n), n. [L. corporatio incarnation: cf. F. corporation corporation.] A body politic or corporate, formed and authorized by law to act as a single person, and endowed by law with the capacity of succession; a society having the capacity of transacting business as an individual. [1913 Webster]

Note: Corporations are aggregate or sole. {Corporations aggregate} consist of two or more persons united in a society, which is preserved by a succession of members, either forever or till the corporation is dissolved by the power that formed it, by the death of all its members, by surrender of its charter or franchises, or by forfeiture. Such corporations are the mayor and aldermen of cities, the head and fellows of a college, the dean and chapter of a cathedral church, the stockholders of a bank or insurance company, etc. A {corporation sole} consists of a single person, who is made a body corporate and politic, in order to give him some legal capacities, and especially that of succession, which as a natural person he can not have. Kings, bishops, deans, parsons, and vicars, are in England sole corporations. A fee will not pass to a corporation sole without the word ``successors'' in the grant. There are instances in the United States of a minister of a parish seized of parsonage lands in the right of his parish, being a corporation sole, as in Massachusetts. Corporations are sometimes classified as public and private; public being convertible with municipal, and {private corporations} being all corporations not municipal. [1913 Webster]

{Close corporation}. See under {Close}. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • public and private corporations — Public and private corporations. A public corporation is one created by the state for political purposes and to act as an agency in the administration of civil government, generally within a particular territory or subdivision of the state, and… …   Black's law dictionary

  • public and private corporations — Public and private corporations. A public corporation is one created by the state for political purposes and to act as an agency in the administration of civil government, generally within a particular territory or subdivision of the state, and… …   Black's law dictionary

  • private corporation — Public and private corporations. A public corporation is one created by the state for political purposes and to act as an agency in the administration of civil government, generally within a particular territory or subdivision of the state, and… …   Black's law dictionary

  • private corporation — Public and private corporations. A public corporation is one created by the state for political purposes and to act as an agency in the administration of civil government, generally within a particular territory or subdivision of the state, and… …   Black's law dictionary

  • Corporations aggregate — Corporation Cor po*ra tion (k[^o]r p[ o]*r[=a] sh[u^]n), n. [L. corporatio incarnation: cf. F. corporation corporation.] A body politic or corporate, formed and authorized by law to act as a single person, and endowed by law with the capacity of… …   The Collaborative International Dictionary of English

  • Private community — A private community is a residential community that can be an association or a proprietary organization. Associations can include condominiums, residential associations or cooperatives. [Spencer H. Macallum: Suburban Democracy vs. Residential… …   Wikipedia

  • Private money investing — is the reverse side of hard money lending, a type of financing in which a borrower receives funds based on the value of real estate owned by the borrower. Private Money Investing (“PMI”) concerns the SOURCE of the funds lent to hard money… …   Wikipedia

  • Private equity in the 21st century — relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub industries, leveraged buyouts and venture capital experienced growth along parallel although… …   Wikipedia

  • Private equity in the 1980s — relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub industries, leveraged buyouts and venture capital experienced growth along parallel although… …   Wikipedia

  • Corporations Auxiliary Company — was a corporation created to conduct the administration of industrial espionage [1], essentially, providing labor spies who could propagandize, sabotage, or act as goons in exchange for payment. In 1921 the Corporations Auxiliary Company was… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”