Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Ballentine's Law Dictionary

    A corporation which is still prosecuting its business with the prospect of continuing to do so, even though its assets are insufficient to pay its debts. See 99 Ala. 68, 42 Am. St. Rep. 29, 23 L. R. A. 618, 11 South. 350.