indirect corporate purpose

indirect corporate purpose
A purpose which does not in its direct and immediate consequences operate upon the corporators, but the beneficial effects of which are to be experienced in a remoter degree, and which have to be traced to their source before they can be duly comprehended and appreciated. State, ex rel. Thompson, v Memphis, 147 Tenn 658, 251 SW 46, 27 ALR 1257, 1265.

Ballentine's law dictionary. . 1998.

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