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Corporation   /kˌɔrpərˈeɪʃən/   Listen
noun
Corporation  n.  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.






Collaborative International Dictionary of English 0.48








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"Corporation" Quotes from Famous Books



... Holy War in these lectures? Well, to begin with, we shall do our best to enter with mind, and heart, and conscience, and imagination into Bunyan's great conception of the human soul as a city, a fair and a delicate city and corporation, with its situation, surroundings, privileges and fortunes. We shall then enter under his guidance into the famous and stately palace of this metropolitan city; a palace which for strength might be called a castle, for pleasantness a paradise, and for largeness a place so ...
— Bunyan Characters - Third Series - The Holy War • Alexander Whyte

... cathedrals of Scotland, before the Reformation, private chapels and altars were endowed for the relief of the dead, while in the cities and large towns, each trade or corporation had an altar in the principal churches and supported a chaplain to offer up Masses and prayers as well for the dead as for the living. The following incident is related in the life of the lovely and so sadly maligned Mary ...
— Purgatory • Mary Anne Madden Sadlier

... inclined sometimes to believe that those who advocate the abolition of the union between Church and State have not carefully considered the consequences of such a course. The Church is a powerful corporation of many millions of her Majesty's subjects, with a consummate organization and wealth which in its aggregate is vast. Restricted and controlled by the State, so powerful a corporation may be only fruitful of public advantage, ...
— The World's Best Orations, Vol. 1 (of 10) • Various

... collection. He urged others to follow this example, and with so much success that a few days saw a large sum and many works of Art promised in aid of a students' gallery. The attention of the Leicester Corporation was thereupon drawn to the movement, and they at once endeavored to annex the scheme to their Museum. Failing in this, they in friendly rivalry subscribed a large sum of money, and the question at once arose ...
— On the Old Road, Vol. 2 (of 2) - A Collection of Miscellaneous Essays and Articles on Art and Literature • John Ruskin

... Chinan-fu, so that German lines will ere long completely encircle this mighty Province. At Chinan-fu, this road will meet another great trunk line, partly German and partly English, which is being pushed southward from Tien-tsin to Chin-kiang. An English sydicate, known as the British-Chinese Corporation, is to control a route from Shanghai via Soochow and Chin-kiang to Nanking and Soochow via Hangchow to Ningpo, while the Anglo-Chinese Railway Syndicate of London is said to be planning a railway from Canton to Cheng-tu-fu, the provincial ...
— An Inevitable Awakening • ARTHUR JUDSON BROWN


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