Found 2 items, similar to close corporation.
English → English
Definition: close corporation
n : a corporation owned by a few people; shares have no public
market [syn: closed corporation
, private corporation
privately held corporation
English → English
Definition: Close corporation
[L. corporatio incarnation: cf. F. corporation corporation.]
A body politic or corporate, formed and authorized by law to
act as a single person, and endowed by law with the capacity
of succession; a society having the capacity of transacting
business as an individual.
Note: Corporations are aggregate or sole. Corporations aggregate
consist of two or more persons united in a
society, which is preserved by a succession of members,
either forever or till the corporation is dissolved by
the power that formed it, by the death of all its
members, by surrender of its charter or franchises, or
by forfeiture. Such corporations are the mayor and
aldermen of cities, the head and fellows of a college,
the dean and chapter of a cathedral church, the
stockholders of a bank or insurance company, etc. A
consists of a single person, who is
made a body corporate and politic, in order to give him
some legal capacities, and especially that of
succession, which as a natural person he can not have.
Kings, bishops, deans, parsons, and vicars, are in
England sole corporations. A fee will not pass to a
corporation sole without the word “successors”
grant. There are instances in the United States of a
minister of a parish seized of parsonage lands in the
right of his parish, being a corporation sole, as in
Massachusetts. Corporations are sometimes classified as
public and private; public being convertible with
municipal, and private corporations
corporations not municipal.
. See under Close
(kl[=o]s), a. [Compar. Closer
.] [Of. & F. clos, p. p. of clore. See
, v. t.]
1. Shut fast; closed; tight; as, a close box.
From a close bower this dainty music flowed.
2. Narrow; confined; as, a close alley; close quarters. “A
3. Oppressive; without motion or ventilation; causing a
feeling of lassitude; -- said of the air, weather, etc.
If the rooms be low-roofed, or full of windows and
doors, the one maketh the air close, . . . and the
other maketh it exceeding unequal. --Bacon.
4. Strictly confined; carefully quarded; as, a close
5. Out of the way observation; secluded; secret; hidden. “He
yet kept himself close because of Saul.”
--1 Chron. xii.
“Her close intent.”
6. Disposed to keep secrets; secretive; reticent. “For
secrecy, no lady closer.”
7. Having the parts near each other; dense; solid; compact;
as applied to bodies; viscous; tenacious; not volatile, as
applied to liquids.
The golden globe being put into a press, . . . the
water made itself way through the pores of that very
close metal. --Locke.
8. Concise; to the point; as, close reasoning. “Where the
original is close no version can reach it in the same
9. Adjoining; near; either in space; time, or thought; --
often followed by to.
Plant the spring crocuses close to a wall.
The thought of the Man of sorrows seemed a very
close thing -- not a faint hearsay. --G. Eliot.
10. Short; as, to cut grass or hair close.
11. Intimate; familiar; confidential.
League with you I seek
And mutual amity, so strait, so close,
That I with you must dwell, or you with me.
12. Nearly equal; almost evenly balanced; as, a close vote.
“A close contest.”
13. Difficult to obtain; as, money is close. --Bartlett.
14. Parsimonious; stingy. “A crusty old fellow, as close as
15. Adhering strictly to a standard or original; exact;
strict; as, a close translation. --Locke.
16. Accurate; careful; precise; also, attentive; undeviating;
strict; not wandering; as, a close observer.
17. (Phon.) Uttered with a relatively contracted opening of
the mouth, as certain sounds of e and o in French,
Italian, and German; -- opposed to open.
. See under Borough
. See under Breeding
, communion in the Lord's supper, restricted
to those who have received baptism by immersion.
, a body or corporation which fills its
. (Bot.) See Fertilization
(Mus.), compact harmony, in which the tones
composing each chord are not widely distributed over
, a fixed period during which killing game or
catching certain fish is prohibited by law.
(Pron.), a vowel which is pronounced with a
diminished aperture of the lips, or with contraction of
the cavity of the mouth.
Close to the wind
(Naut.), directed as nearly to the point
from which the wind blows as it is possible to sail;
closehauled; -- said of a vessel.