Definition of Close corporation. Meaning of Close corporation. Synonyms of Close corporation

Here you will find one or more explanations in English for the word Close corporation. Also in the bottom left of the page several parts of wikipedia pages related to the word Close corporation and, of course, Close corporation synonyms and on the right images related to the word Close corporation.

Definition of Close corporation

Close corporation
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. 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. Close corporation. See under Close.

Meaning of Close corporation from wikipedia

- A corporation or body corporate is an individual or a group of people, such as an ****ociation or company, that has been authorized by the state to act...
- sector in the form of government-owned corporations. A corporation may be privately held (for example, a close company - see below) or publicly traded...
- (UK), Corporation (US/Can) S.A.S (Société Anonyme Simplifiée): ≈ Unlisted public company (Au), Close Corporation (CC) (S. Africa), Private Corporation (Can);...
- respondents. Section 49(2) of the Close Corporations Act gives the court the power to order the sale of a corporation ****et in order to enable a member...
- separate from its employees, shareholders or members (in the case of close corporations), in that the connection between them is, usually, a mere contract...
- 2018-08-27. Retrieved 2018-09-28. "Private Company ((Pty) Limited) and Close Corporation". Archived from the original on 9 July 2017. Retrieved 5 November...
- Morton, Ray (2007). Close Encounters of the Third Kind: The Making of Steven Spielberg's classic Film. Hal Leonard Corporation. ISBN 9781557837103. McBride...
- important case in South African company law, particularly in the area of close corporations and the qualifications for membership. It was heard in the Wi****ersrand...
- (close corporations) in which the corporation has a small number of shareholders, limited ****ets, and recognition of separateness of the corporation from...
- Target Corporation is an American retail corporation that operates a chain of discount department stores and hypermarkets, headquartered in Minneapolis...