BizTerm Definition
NonStock Corporation, Non Stock Corporation
Short Definition
A Corporation that is without stockholders
Full Definition

A corporation without stockholders is considered a "Non Stock Corporation." Usually considered a non profit corporation. The laws concerning this entity are determined by state statutes. In most states a non stock corporation is similar to a stock corporation except there is an article that says that it is a non stock corporation and/or there will be no issuance of stock. A non stock corporation is usually governed by directors or members.

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