joint-stock company

joint-stock company
An unincorporated association of individuals for the purpose of carrying on business and making profits, having a capital stock contributed by the members, which is commonly divided into shares of which each member possesses one or more and which are transferrable by the owner; governed by articles of association which, subject to statutory and other limitations, prescribe its objects, organization, and the rights and liabilities of its members, and usually provide that its business shall be under the control of selected individuals called "managers" or "directors." Earlsboro Gas Co. v Vern H. Brown Drilling Co. 175 Okla 320, 52 P 730. A joint-stock company created solely by agreement of its members and in which their individual rights and liabilities are not merged as in the case of a corporation is not a stock corporation. People, ex rel. Winchester v Coleman, 133 NY 279, 31 NE 96.

Ballentine's law dictionary. . 1998.

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  • Joint-stock company — Joint Joint (joint), a. [F., p. p. of joindre. See {Join}.] [1913 Webster] 1. Joined; united; combined; concerted; as, joint action. [1913 Webster] 2. Involving the united activity of two or more; done or produced by two or more working together …   The Collaborative International Dictionary of English

  • joint-stock company — joint stock association or company An unincorporated business enterprise with ownership interests represented by shares of stock. This type enterprise was recognized at common law and by statute is generally treated as a corporate entity for… …   Black's law dictionary

  • joint stock company — joint stock association or company An unincorporated business enterprise with ownership interests represented by shares of stock. This type enterprise was recognized at common law and by statute is generally treated as a corporate entity for… …   Black's law dictionary

  • joint-stock company — joint stock association or company An unincorporated business enterprise with ownership interests represented by shares of stock. This type enterprise was recognized at common law and by statute is generally treated as a corporate entity for… …   Black's law dictionary

  • joint stock company — joint stock association or company An unincorporated business enterprise with ownership interests represented by shares of stock. This type enterprise was recognized at common law and by statute is generally treated as a corporate entity for… …   Black's law dictionary

  • joint stock company — An association engaged in a business for profit with ownership interests represented by shares of stock. Dictionary from West s Encyclopedia of American Law. 2005. joint stock company An associatio …   Law dictionary

  • joint–stock company — see company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • joint-stock company — joint stock companies N COUNT A joint stock company is a company that is owned by the people who have bought shares in that company …   English dictionary

  • joint-stock company — [joint′stäk′] n. a business firm with a joint stock, owned by the stockholders in shares which each may sell or transfer independently …   English World dictionary

  • joint-stock company — UK US noun [C] (ABBREVIATION JSC) ► FINANCE, WORKPLACE a company that is owned and controlled by shareholders, with shares that are traded on a stock market …   Financial and business terms

  • joint-stock company — >> company. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary

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