Corporate privileges
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 8 U.S. 384 - Young v. The Bank of Alexandria · 1808Most cited · 13 citing opinions
There is a difference between those rights on which the validity of the transactions of the corporation depends, which must adhere to those transactions every where, and those peculiar remedies which may be bestowed on it. The first are of general obligation; the last, from their nature, can only be exercised in those courts which the power making the grant can regulate.