Joint stock company


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Joint stock company

A form of business organization that falls between a corporation and a partnership. The company sells stock, and its shareholders are free to sell their stock, but shareholders are liable for all debts of the company.

Joint Stock Company

A company that issues stock and requires shareholders to be held liable for the company's debt. In other words, a joint stock company combines features of a general partnership, in which owners of a company split profits and liabilities, and a publicly-traded company, which issues stock that shareholders are able to buy and sell on an exchange. See also: Publicly-traded partnership.
References in periodicals archive ?
To establish a joint stock company, the owners had to obtain a prior approval (concession system).
Reorganization of NDC into a joint stock company is a logical step in the course of implementation of a business oriented model of the company's development.
Major organization : THE JOINT STOCK COMPANY "PRODUCTION ASSOCIATION" MACHINE-BUILDING PLANT "LIGHTNING"
The filing of Frankenburg's motion to dismiss came a few weeks after Lukoil Concern, the Joint Stock Company Lukoil (AO Lukoil), and three of its officers, Vagit Alekperov, Vitali Schmidt and Ralif Safin were served with legal papers issued from the court requiring them to appear and defend themselves in the suit, or face a default judgment.
Address : OPEN JOINT STOCK COMPANY "RUSSIAN CONCERN THE PRODUCTION OF ELECTRICITY AND THERMAL ENERGY IN NUCLEAR POWER PLANTS"
Summary: Riyadh, Safar 26, 1432, Jan 30, 2011, SPA -- The Minister of Commerce and Industry Abdullah bin Ahmed Zaynal Ali Reza, approved here today the transformation of Saudi Airlines Company for Catering from a limited liability to a closed joint stock company.
The Parties will facilitate establishment of the Joint Stock Company in line with the effective legislation of the Kyrgyz Republic, in which Russia\'s Unified Energy System (INTER RAO EES) and Kyrgyzstan\'s Electric Stations OJSC will have 50% each in the equity capital.
The initiative centers around the establishment of a Grace majority-owned joint stock company with the barrier plastic materials division of A/O Kaustik.
a joint stock company, is one of three mobile telephony operators in Poland, marketing its services under three brand names: Plus GSM, Simplus and Sami Swoi.
Al-Medaifer told the Prince that Maaden is a joint stock Company.

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