Nonstock corporation definition

Nonstock corporation means a corporation without capital stock.
Nonstock corporation means a foreign or domestic nonstock corporation which is subject to regulation and licensing under this chapter and which offers or administers subscription contracts to contract holders as part of a plan.
Nonstock corporation means a corporation without cap- ital stock.

Examples of Nonstock corporation in a sentence

  • Nonstock corporation to assist small businesses.The Department may establish a nonstock corporation under Chapter 10 (§ 13.1-801 et seq.) of Title13.1 as an instrumentality to assist the Department in providing support to the small business segment of the economy of the Commonwealth.

  • Non-stock corporation may incur or create bonded indebtedness, or increase the same with the approval of:1.

  • Any action required or permitted by any provision of the Wisconsin Nonstock corporation Law, the Declaration, the Articles of Incorporation or these Bylaws to be taken by the vote of the Owners may be taken without a meeting if a written consent, setting forth the action so taken, is signed by all Owners who would have been entitled to vote upon the action at such meeting.

  • Non-stock corporation - Corporation which does not issue stocks and does not distribute dividends to their members.

Related to Nonstock corporation

  • Public corporation means a county, city, village, township, port district, drainage district, special assessment district, or metropolitan district of this state, or a board, commission, or another authority or agency created by or under an act of the legislature of this state.

  • of a corporation means all classes of Capital Stock of such corporation then outstanding and normally entitled to vote in the election of directors.

  • Gas Corporation means the body corporate established by section 4 of the Gas Corporation Act 1994;

  • Service corporation means a corporation organized under ss. 180.1903 to 180.1921.

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • Bancorp means Eagle Bancorp, Inc., a Maryland corporation.

  • Participating Corporation means any Parent, Subsidiary or Affiliate that the Committee designates from time to time as eligible to participate in this Plan. For purposes of the Section 423 Component, only the Parent and Subsidiaries may be Participating Corporations, provided, however, that at any given time a Parent or Subsidiary that is a Participating Corporation under the Section 423 Component shall not be a Participating Corporation under the Non-Section 423 Component. The Committee may provide that any Participating Corporation shall only be eligible to participate in the Non-Section 423 Component.

  • Mutual housing corporation means a corporation not-for-profit,

  • Foreign nonprofit corporation means an entity:

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Employee Stock Purchase Plan means a plan that grants Purchase Rights intended to be options issued under an “employee stock purchase plan,” as that term is defined in Section 423(b) of the Code.

  • School Corporation means the Western Xxxxx County Community School Corporation of the County of Xxxxx of the State of Indiana;

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • Constituent corporation means a corporation or a foreign corporation that:

  • Option Plan has the meaning ascribed to it in section "4.7" hereinbelow;

  • Qualifying corporation means any person classified for federal income tax purposes as an association taxable as a corporation, except either of the following:

  • Corporation means a corporation, association, company, joint-stock company or business trust.

  • S corporation means a person that has made an election under subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code for its taxable year.

  • Stock Purchase Plan means the employee stock purchase plan to be established by Water Pik pursuant to Section 2.2.

  • the Caxton Foundation means the charitable trust of that name established on 28th March 2011 out of funds provided by the Secretary of State for the benefit of certain persons suffering from hepatitis C and other persons eligible for payment in accordance with its provisions;

  • AIG means American International Group, Inc.

  • Stock means the Common Stock of the Company.

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • Corporation/ Corpn./ Department means the Central Warehousing Corporation.

  • Stock Plan means any stock incentive, stock option, stock ownership or employee benefits plan of the General Partner.