Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
nonstock corporation
A corporation that does not issue shares of stock as evidence of ownership but instead is owned by its members in accordance with a charter or agreement.( Examples are mutual insurance com- panies, charitable organizations, and private clubs.
nonstock corporation.
See CORPORATION.
stock corporation
A corporation in which the capital is contributed by the shareholders and divided into shares represented by certificates.