joint-stock association or company


joint-stock association or 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 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… …   Black's law dictionary

  • 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… …   Black's law dictionary

  • 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… …   Black's law dictionary

  • joint-stock association — Same as joint stock company …   Ballentine's law dictionary

  • joint-stock association — noun see joint stock company 2 …   Useful english dictionary

  • 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 — 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 — joint′ stock′ com pany n. bus an association of individuals in a business enterprise with transferable shares of stock, in which stockholders are liable for the debts of the business • Etymology: 1800–10 …   From formal English to slang

  • Joint stock company — A joint stock company (JSC) is a type of business entity: it is a type of corporation or partnership. Certificates of ownership or stocks are issued by the company in return for each contribution, and the shareholders are free to transfer their… …   Wikipedia


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