mutual company

A company that is owned by its customers rather than by a separate group of stockholders.

• Many insurance companies are mutual companies, as are many federal savings-and-loan associations. See MUTUAL INSURANCE COMPANY. [Cases: Building and Loan Associations 1; Corporations 3; Insurance 1121. C.J.S. Building and Loan Associations, Savings and Loan Associations, and Credit Unions §§ 2–4; Corporations §§ 5–7, 62; Insurance §§ 99, 109.]

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词条贡献者

资深译员Jenny，国内名牌大学法律英语专业，专注翻译各种与重组、破产及重整有关的法律文件。