joint stock company


joint stock company
joint-stock association or company
An unincorporated business enterprise with ownership interests represented by shares of stock. This type enterprise was recognized at common law and by statute is generally treated as a corporate entity for certain purposes. Such entities bear a resemblance to both a corporation and a partnership. They appear to be like corporations to the extent that they have capital stock, but are not treated as corporations in many jurisdictions. Brocki v. American Express Co., C.A.Mich., 279 F.2d 785, 787
+ joint-stock company
An association of individuals for purposes of profit, possessing a common capital contributed by the members composing it, such capital being commonly divided into shares which each member possesses one or more, and which are transferable by the owner. One having a joint stock or capital, which is divided into numerous transferable shares, or consists of transferable stock. A partnership whereof the capital is divided, or agreed to be divided, into shares so as to be transferable without the express consent of the co-partners.

Black's law dictionary. . 1990.

Look at other dictionaries:

  • Joint-stock company — Joint Joint (joint), a. [F., p. p. of joindre. See {Join}.] [1913 Webster] 1. Joined; united; combined; concerted; as, joint action. [1913 Webster] 2. Involving the united activity of two or more; done or produced by two or more working together …   The Collaborative International Dictionary of English

  • joint-stock company — joint stock association or company An unincorporated business enterprise with ownership interests represented by shares of stock. This type enterprise was recognized at common law and by statute is generally treated as a corporate entity for… …   Black's law dictionary

  • joint stock company — An association engaged in a business for profit with ownership interests represented by shares of stock. Dictionary from West s Encyclopedia of American Law. 2005. joint stock company An associatio …   Law dictionary

  • joint–stock company — see company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • joint-stock company — joint stock companies N COUNT A joint stock company is a company that is owned by the people who have bought shares in that company …   English dictionary

  • joint-stock company — [joint′stäk′] n. a business firm with a joint stock, owned by the stockholders in shares which each may sell or transfer independently …   English World dictionary

  • joint-stock company — UK US noun [C] (ABBREVIATION JSC) ► FINANCE, WORKPLACE a company that is owned and controlled by shareholders, with shares that are traded on a stock market …   Financial and business terms

  • joint-stock company — >> company. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary


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