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Private corporation   /prˈaɪvət kˌɔrpərˈeɪʃən/   Listen
Private corporation

noun
1.
A corporation owned by a few people; shares have no public market.  Synonyms: close corporation, closed corporation, privately held corporation.





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"Private corporation" Quotes from Famous Books



... Hampshire legislature which amended the charter granted by the Crown to Dartmouth College in 1769. Arguing as counsel for the college, of which he was an honored graduate, Daniel Webster held that the charter of a private corporation was a contract which might not be impaired by an act of a state legislature. Chief Justice Marshall only restated and amplified Webster's argument, when he rendered the opinion of the court and declared that New Hampshire might not by law impair the ...
— Union and Democracy • Allen Johnson
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... the success of his funding and assumption measures, Hamilton laid before Congress a project for a great United States Bank. He proposed that a private corporation be chartered by Congress, authorized to raise a capital stock of $10,000,000 (three-fourths in new six per cent federal bonds and one-fourth in specie) and empowered to issue paper currency under proper safeguards. Many advantages, Hamilton ...
— History of the United States • Charles A. Beard and Mary R. Beard
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... He made it quite evident to us at that time that our judgment was desired only to the extent that it coincided with his own. He has seemed to overlook the fact that the Consolidated Companies is not a private corporation, but rather one in which several of the Directors are even more heavily interested, in a financial way, than ...
— The Lever - A Novel • William Dana Orcutt
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