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.
Anderson, W.S..
1998.
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