dummy corporation

dummy corporation
n.
A corporation with no legitimate business purpose formed to protect its founders from liability or to hide their activities.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

См. также в других словарях:

  • Dummy corporation — A dummy corporation or dummy company is an entity created to serve as a front or cover for one or more companies. It can have the appearance of being real (logo, website, and sometimes employing actual staff such as for public relations) but… …   Wikipedia

  • dummy corporation — Corporation formed for sham purposes and not for conduct of legitimate business; e.g. formed for sole reason of avoiding personal liability …   Black's law dictionary

  • dummy corporation — Corporation formed for sham purposes and not for conduct of legitimate business; e.g. formed for sole reason of avoiding personal liability …   Black's law dictionary

  • dummy corporation — A corporation organized and acting ostensibly as a corporation, but in reality having no real corporate purpose, having been organized with the motive of avoiding personal liability on the part of the incorporator and sole stockholder. Chesapeake …   Ballentine's law dictionary

  • corporation — cor·po·ra·tion /ˌkȯr pə rā shən/ n [Late Latin corporatio, from Latin corporare to form into a body, from corpor corpus body]: an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals… …   Law dictionary

  • dummy — [dum′ē] n. pl. dummies [< DUMB + Y2] 1. [Old Slang] a person unable to talk; mute: an offensive term 2. a figure made in human form, as for displaying clothing, practicing tackling in football, etc. 3. an imitation or sham; substitute for the… …   English World dictionary

  • dummy — dum|my1 [ dʌmi ] noun count ▸ 1 model of object ▸ 2 model of someone s body ▸ 3 unintelligent person ▸ 4 in card game ▸ 5 movement to trick someone ▸ 6 for baby to suck 1. ) something that is made to look like a real object, used either for… …   Usage of the words and phrases in modern English

  • Dummy (album) — Dummy Studio album by Portishead Released August 22, 1994 Rec …   Wikipedia

  • dummy director — n. A director of a corporation who is in fact merely a figurehead and who has no real interest in the corporation. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • Dummy Director — A person on a company s board of directors who votes and acts on the wishes of a non board member. Dummy directors are most commonly used when a private company is in the process of going public, and it needs to establish a board of directors… …   Investment dictionary


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