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 ?
Giorgi, Poteri, doveri degli amministratori e principio della collegialita nell'amministrazione pluripersonale di societa per azioni, en Riv.
Implementing agency : Societa per Azioni Esercizi Aeroportuali S.
Major organization : POSTE ITALIANE - SOCIETA PER AZIONI

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