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corporation

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corporation

 

  3  definitions  found 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  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}. 
 
  From  WordNet  r  1.6  [wn]: 
 
  corporation 
  n  1:  a  business  whose  articles  of  incorporation  have  been 
  approved  in  some  state  [syn:  {corp}] 
  2:  (informal)  slang  terms  for  a  paunch  [syn:  {pot},  {potbelly}, 
  {bay  window},  {tummy}] 
 
  From  THE  DEVIL'S  DICTIONARY  ((C)1911  Released  April  15  1993)  [devils]: 
 
  CORPORATION,  n.  An  ingenious  device  for  obtaining  individual  profit 
  without  individual  responsibility.




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