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Corporation   /kˌɔrpərˈeɪʃən/   Listen
noun
Corporation  n.  A body politic or corporate, formed and authorized by law to act as a single person, and endowed by law with the capacity of succession; a society having the capacity of transacting business as an individual. Note: Corporations are aggregate or sole. Corporations aggregate consist of two or more persons united in a society, which is preserved by a succession of members, either forever or till the corporation is dissolved by the power that formed it, by the death of all its members, by surrender of its charter or franchises, or by forfeiture. Such corporations are the mayor and aldermen of cities, the head and fellows of a college, the dean and chapter of a cathedral church, the stockholders of a bank or insurance company, etc. A corporation sole consists of a single person, who is made a body corporate and politic, in order to give him some legal capacities, and especially that of succession, which as a natural person he can not have. Kings, bishops, deans, parsons, and vicars, are in England sole corporations. A fee will not pass to a corporation sole without the word "successors" in the grant. There are instances in the United States of a minister of a parish seized of parsonage lands in the right of his parish, being a corporation sole, as in Massachusetts. Corporations are sometimes classified as public and private; public being convertible with municipal, and private corporations being all corporations not municipal.
Close corporation. See under Close.






Collaborative International Dictionary of English 0.48








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"Corporation" Quotes from Famous Books



... the face of every passenger, in the exact ratio that the little boys flew in the face of the authorities. This continued the whole night, and thus was ushered in the great and glorious day, illumined by a bright and glaring sun (as if bespoken on purpose by the mayor and corporation), with the thermometer at 90 degrees in the shade. The first sight which met the eye after sunrise, was the precipitate escape, from a city visited with the plague of gunpowder, of respectable or timorous people in coaches, carriages, ...
— Diary in America, Series One • Frederick Marryat (AKA Captain Marryat)

... 1805, the corporation of Harvard College elected Mr. Adams Professor of Rhetoric and Oratory on the Boylston foundation. After modifications of the statutes, which he suggested, were adopted, he accepted, and immediately entered upon a course of ...
— Memoir of the Life of John Quincy Adams. • Josiah Quincy

... moonshine,—moonshine; do you mark me, Sir? I wonder you can put such flim-flams upon us, Sir: I do, I do. It does not become you, Sir: I say it,—I say it. And my father was an honest tradesman, Sir: he dealt in malt and hops, Sir; and was a Corporation-man, Sir; and of the Church of England, Sir; and no Presbyterian, nor Ana—Anabaptist, Sir; however you may be disposed to make honest people believe to the contrary, Sir. Your bams are found out, Sir. The town will be your stale puts no longer, Sir; and you must not send us jolly fellows, Sir,—we ...
— Atlantic Monthly, Volume 14, No. 84, October, 1864 - A Magazine Of Literature, Art, And Politics • Various

... Richard I. What gave rise to this belief is hard to say, but it is not improbable that it arose from a statement to be found in an early manuscript record still preserved among the archives of the Corporation, and known as the Liber de Antiquis Legibus.(159) The original portion of this manuscript purports to be a chronicle of mayors and sheriffs from 1188 down to 1273, noticing briefly the chief events ...
— London and the Kingdom - Volume I • Reginald R. Sharpe

... refer to the relations of Muir with "those wretches," the French. "I never liked the French all my days," said his lordship, "but now I hate them." And yet a little further on: "A government in any country should be like a corporation; and in this country it is made up of the landed interest, which alone has a right to be represented. As for the rabble who have nothing but personal property, what hold has the nation of them? They may pack up their ...
— Virginibus Puerisque • Robert Louis Stevenson


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