close corporation

A corporation whose stock is not freely traded and is held by only a few shareholders (often within the same family).

• The requirements and privileges of close corporations vary by jurisdiction.

— Also termed closely held corporation; closed corporation. [Cases: Corporations 3. C.J.S. Corporations §§ 5–7, 62.]

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词条贡献者

法律翻译Fang，毕业于新加坡知名法学院，专注翻译各类与白领犯罪与调查有关的法律文件。