Corporations aggregate
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. [1913 Webster]

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. [1913 Webster]

{Close corporation}. See under {Close}. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • aggregate and sole corporations — Aggregate and sole corporations. A corporation sole is one consisting of one person only, and his successors in some particular station, who are incorporated by law in order to give them some legal capacities and advantages, particularly that of… …   Black's law dictionary

  • aggregate and sole corporations — Aggregate and sole corporations. A corporation sole is one consisting of one person only, and his successors in some particular station, who are incorporated by law in order to give them some legal capacities and advantages, particularly that of… …   Black's law dictionary

  • aggregate corporation — Aggregate and sole corporations. A corporation sole is one consisting of one person only, and his successors in some particular station, who are incorporated by law in order to give them some legal capacities and advantages, particularly that of… …   Black's law dictionary

  • aggregate corporation — Aggregate and sole corporations. A corporation sole is one consisting of one person only, and his successors in some particular station, who are incorporated by law in order to give them some legal capacities and advantages, particularly that of… …   Black's law dictionary

  • ecclesiastical corporations — Corporations, either sole or aggregate the members composing which are all spiritual persons, such as bishops, certain deans, and prebendaries, all archdeacons, parsons, and vicars, all of which are corporations sole, and such corporations… …   Ballentine's law dictionary

  • private corporations — 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… …   The Collaborative International Dictionary of English

  • corporation aggregate — Aggregate and sole corporations. A corporation sole is one consisting of one person only, and his successors in some particular station, who are incorporated by law in order to give them some legal capacities and advantages, particularly that of… …   Black's law dictionary

  • corporation aggregate — Aggregate and sole corporations. A corporation sole is one consisting of one person only, and his successors in some particular station, who are incorporated by law in order to give them some legal capacities and advantages, particularly that of… …   Black's law dictionary

  • Corporation — • An association recognized by civil law and regarded in all ordinary transactions as an individual. An artificial person Catholic Encyclopedia. Kevin Knight. 2006. Corporation     Corporation …   Catholic encyclopedia

  • Corporation sole — A corporation sole is a legal entity consisting of a single ( sole ) incorporated office, occupied by a single ( sole ) man or woman. This allows a corporation (usually a religious corporation or a Commonwealth government) to pass vertically in… …   Wikipedia

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