Legal Definition and Related Resources of Close Corporation

This phrase has been variously defined to include relative paucity of shareholders and substantially identical control of ownership and management , but one common denominator is that shares have no ready market . Rogers Walla Walla Inc. v Ballard, 553 P.2d 1372, 16 Wash. App. 81.

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Close Corporation in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Close Corporation in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Close Corporation in the Legal Abbreviations and Acronyms Dictionary.

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See also

Also called Closed Corporation. A corporate enterprise whose capital stock is held… (Read more)

Concept of Close Corporation in the context of Real Property

Alternatives definitions of Close Corporation: (1) A corporation not allowing its shareholders to vote for directors or officers. (2) A corporation owned by a small group of shareholders and not having publicly traded stock. Commonly, and incorrectly, called a closed corporation.

Concept of Close Corporation in the context of Real Property

Alternatives definitions of Close Corporation: (1) A corporation not allowing its shareholders to vote for directors or officers. (2) A corporation owned by a small group of shareholders and not having publicly traded stock. Commonly, and incorrectly, called a closed corporation.