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Joint Stock Company
(redirected from Chartered companies)

    Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson 0.09 sec.
Joint Stock Company
An organization that falls between the definitions of a partnership and corporation. This type of company issues stock and allows for secondary market trading however, stockholders are liable for company debts.

Notes:
This is a type of company that has access to the liquidity and financial reserves of stock markets, but also has the restrictions of a partnership.

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.


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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.
Merchants and Revolution: Commercial Change, Political Conflict, and ... by Smith, Steven R. / Journal of Social History
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.
Relational Challenges Pennsylvania Legislation: Constitutional ... by Business Wire
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