internal affairs of corporation
- internal affairs of corporation
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Of private corporation: –transactions and relations which affect only the corporation and the stockholders as between themselves. Edwards v Schillinger, 245 Ill 231, 91 NE 1048. Something which concerns one solely in his capacity as a member of a corporation, whether as corporator, stockholder, director, president, or other officer, and is the act of the corporation, whether acting in stockholders' meeting or through its agents, the board of directors. 23 Am J2d For Corp § 410. Of municipal corporation:–such business as a municipal corporation of like character is normally required to transact in order to effectuate the purpose of its charter, such as providing a police force, a jail, buildings for offices, etc. Lewis v Pima County, 155 US 54, 39 L Ed 67, 15 S Ct 22.
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
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