corporate franchises
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 73 U.S. 594 - Society for Savings v. Coite · 1867Most cited · 179 citing opinions
Corporate franchises are legal estates vested in the corporation itself as soon as it is in esse. They are not mere naked powers granted to the corporation, but powers coupled with an interest which vest in the corporation upon the possession of its franchises.