nonstock corporation

nonstock corporation
A membership corporation. A corporation not organized for profit and operating under a charter which does not provide for the issuance of stock. American Aberdeen-Angus Breeders Asso. v Fullerton, 325 Ill 323, 156 NE 314; Missionary Baptist State Convention v State, 180 Kan 501, 305 P2d 846.

Ballentine's law dictionary. . 1998.

См. также в других словарях:

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