corporate franchise

corporate franchise
The right to exist and do business as a corporation. The right or privilege granted by the state or government to the persons forming an aggregate corporation, and their successors, to exist and do business as a corporation and to exercise the rights and powers incidental to that form of organization or necessarily implied in the grant.

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • corporate franchise — See franchise …   Ballentine's law dictionary

  • corporate franchise — The right to exist and do business as a corporation. The right or privilege granted by the state or government to the persons forming an aggregate corporation, and their successors, to exist and do business as a corporation and to exercise the… …   Black's law dictionary

  • confer a corporate franchise upon — index incorporate (form a corporation) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • franchise — fran·chise / fran ˌchīz/ n [Anglo French, literally, freedom, liberty, from Middle French, from franchir to free, from Old French franc free] 1: a special right or privilege granted by the government to an individual, group, or business entity:… …   Law dictionary

  • corporate — cor·po·rate 1 / kȯr pə rət/ adj: of or relating to a business corporation corporate 2 n: a bond issued by a business corporation Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Corporate tax in the United States — Part of a series on Taxation Taxation in the United States …   Wikipedia

  • franchise — In the most general sense of the term, a right or privilege conferred by law, e.g. the right to vote. 23 Am J2d Franch § 2. A privilege conferred by law upon a corporation or an individual which permits the recipient to make use of a street or… …   Ballentine's law dictionary

  • franchise — A special privilege to do certain things conferred by government on individual or corporation, and which does not belong to citizens generally of common right; e.g., right granted to offer cable television service. Artesian Water Co. v. State,… …   Black's law dictionary

  • franchise — A special privilege to do certain things conferred by government on individual or corporation, and which does not belong to citizens generally of common right; e.g., right granted to offer cable television service. Artesian Water Co. v. State,… …   Black's law dictionary

  • corporate charter — Document issued by state agency or authority (commonly Secretary of State) granting corporation legal existence and right to function (i.e., conduct business) as a corporation; or, may mean document filed with Secretary of State on incorporation… …   Black's law dictionary

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