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Joint stock company |
Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson | 0.42 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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First, it describes the commercial changes which created a new group of merchants separate from those who controlled the chartered companies which dominated English trade in the early century. In one fell swoop Sovereign and the Legislature significantly impaired the rights of Sovereign's approximately 87,000 shareholders, not to mention the rights of all shareholders of all Pennsylvania chartered companies. |
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