: a corporation whose stock is not publicly traded but held by a few persons (such as those in management)
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With very rare exceptions (such as Nevada's close corporation statute), charging orders are not authorized by statutes of a corporate nature, which includes Ohio professional associations.
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Jay Adkisson, Forbes, 20 Sep. 2021
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Jay Adkisson, Forbes, 20 Sep. 2021
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“Close corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/close%20corporation. Accessed 23 Dec. 2024.
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