corporate charter forfeiture
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 65 U.S. 278 - The Lessee of Isaiah Frost v. The Frostburg Coal Company · 1860Most cited · 26 citing opinions
A private party cannot take advantage of the forfeiture. That is a question for the sovereign power, which may waive it, or enforce it, at its pleasure.