CORPORATIONS
Noun
corporations
plural of corporation
Anagrams
• S corporation
Source: Wiktionary
CORPORATION
Cor`po*ra"tion (kr`p-r"shn), n. Etym: [L. corporatio incarnation: cf.
F. corporation corporation.]
Definition: 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.
Source: Webster’s Unabridged Dictionary 1913 Edition