membership corporation


membership corporation
A company or organization that is formed for purposes other than generating a profit.

Dictionary from West's Encyclopedia of American Law. 2005.


membership corporation
A company or organization that is formed for purposes other than generating a profit.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • membership corporation — A distinct kind of corporation authorized under the statutes of most jurisdictions, existing for purposes other than profit, often for charitable, fraternal, social, or religious purposes, in which the participants acquire the status of members… …   Ballentine's law dictionary

  • Cobb Electric Membership Corporation — Formed in 1938, Cobb Electric Membership Corporation, more commonly known as Cobb EMC, is a non profit electric utility company serving parts of Cobb, Cherokee, Bartow, Paulding, and small sections of Fulton counties in Georgia. It also has a… …   Wikipedia

  • 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

  • corporation not for profit — A charitable corporation; a membership; corporation; an eleemosynary corporation. A proposed corporation is not entitled to incorporation as a corporation not for profit where its clear purpose is to confer direct and indirect benefits on its… …   Ballentine's law dictionary

  • membership organization — A voluntary organization which is a charity only as its stated purposes, and the nature and extent of its operations make it so, considering the objective of applicable statutes. 15 Am J2d Char § 149. See membership corporation …   Ballentine's law dictionary

  • Corporation tax in the Republic of Ireland — is a levy on a company’s profits. The tax is charged on both a company s income and chargeable gains. The corporation tax in Ireland is quite low, and is often cited as an example of tax competition, as it is used as an incentive for foreign… …   Wikipedia

  • Corporation — • An association recognized by civil law and regarded in all ordinary transactions as an individual. An artificial person Catholic Encyclopedia. Kevin Knight. 2006. Corporation     Corporation …   Catholic encyclopedia

  • Corporation — This article is about business corporations. For other uses, see Corporation (disambiguation). Corporate redirects here. For the Bollywood film, see Corporate (film). A corporation is created under the laws of a state as a separate legal entity… …   Wikipedia

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary


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