nonstock corporation
nonstock corporation 非股份法人；非股份公司 一种不向其成员发行股票的法人，例如互助保险公司、宗教与慈善机构等。其成员的所有权不是根据其所持股份来识别，而是根据会员章程或协议来确定。
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nonstock corporation
nonstock corporation
A corporation that does not issue shares of stock as evidence of ownership but instead is owned by its members in accordance with a charter or agreement. • Examples are mutual insurance companies, charitable organizations, and private clubs. [Cases: Corporations 3. C.J.S. Corporations §§ 5–7, 62.]
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