corporate franchise or business
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 134 U.S. 594 - Home Insurance Co of New York v. State of New York · 1890Most cited · 423 citing opinions
(not referring to corporations sole, which are not usually created for commercial business) the right or privilege given by the state to two or more persons of being a corporation, that is, of doing business in a corporate capacity, and not the privilege or franchise which, when incorporated, the company may exercise.