Corporation

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. [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.

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  • corporation — cor·po·ra·tion /ˌkȯr pə rā shən/ n [Late Latin corporatio, from Latin corporare to form into a body, from corpor corpus body]: an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals… …   Law dictionary

  • Corporation — • An association recognized by civil law and regarded in all ordinary transactions as an individual. An artificial person Catholic Encyclopedia. Kevin Knight. 2006. Corporation     Corporation …   Catholic encyclopedia

  • corporation — [ kɔrpɔrasjɔ̃ ] n. f. • 1530; angl. corporation « réunion, corps constitué », du lat. médiév. corporari « se former en corps » 1 ♦ Hist. Association d artisans, groupés en vue de réglementer leur profession et de défendre leurs intérêts. ⇒… …   Encyclopédie Universelle

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  • corporation, C — n. A corporation formed under Subchapter C of the Internal Revenue Code; also called a Subchapter C corporation. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • corporation — Under Title 11 U.S.C. Section 101: (9) The term corporation (A) includes (i) association having a power or privilege that a private corporation, but not an individual or a partnership, possesses; (ii) partnership association organized under a law …   Glossary of Bankruptcy

  • corporation, S — n. A small corporation that can have its taxable income taxed to its shareholders to avoid corporate income tax. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • corporation — [kôr΄pə rā′shən] n. [ME corporacioun < LL(Ec) corporatio, assumption of a body, incarnation < pp. of L corporare: see CORPORATE] 1. a legal entity that exists independently of the person or persons who have been granted the charter creating …   English World dictionary

  • Corporation — Corporation. Verbindung physischer Personen zu einer einzigen juristischen Person; das Vermögen gehört ausschließlich ihr; sie allein wird Gläubiger und Schuldner, nicht die Mitglieder (Gemeinden, Gilden, Zünfte, Klöster, Universitäten,… …   Herders Conversations-Lexikon

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