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 ?
Techcom Bank (Vietnam Technological and Commercial Joint-Stock Bank), Since 2014
We are currently conducting a study to establish a joint-stock company that will comprise as many Saudi contractors as possible," said Yousuf Al Tarifi, deputy chairman of Ihsa Chamber of Commerce and Industry and head of the Contractors' Committee, was quoted as saying by Arabic daily Alyoum, according to Zawya Projects News.
TAE[currency]KENT (CyHAN)- The open and closed joint stock company concepts will be no longer used in Uzbekistan under the new version of the law "On joint-stock companies and protection of shareholders' rights".
As all foreign investors are granted the same rights and privileges as Macedonian nationals, they are entitled to establish and operate all types of self-owned private companies or joint-stock companies.
Zain Iraq's shareholders, led by Mobile Telecommunications Company KSC, are establishing the joint-stock company under the name Al-Khatem Telecommunications Company (Al-Khatem).
According to the statistics, the 7 joint-stock companies include Iranian members of the board of directors.
Among other things the law establishes new rules for the voting procedures of shareholders in joint-stock companies.
ANKARA, Jan 3, 2011 (TUR) -- Turkish State Minister & Deputy Premier Ali Babacan has said that they wanted to turn Istanbul Stock Exchange (ISE) into a joint-stock company.
Summary: Riyadh, July 06, 2010, SPA -- Jarir Marketing Company (a local joint-stock company) announced that it gained profits of SR 75 million in the second quarter of this year compared to SR 72 million in the same period last year.
3 points as rates of 14 joint-stock companies' shares went down.
International Finance Corporation, a member of the World Bank Group, is initiating regulatory changes to legislation on joint-stock companies in the Kyrgyz Republic that will protect shareholder rights, enable companies to operate more effectively, and help create a more favorable business environment.

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