close corporation

Use Close corporation in a sentence

close corporation

[klohs]

Origin:
1915–20

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
close corporation (kləʊs)
 
n
(South African) c.c. a small private limited company

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Some courts have recognized that where there is a close corporation, a derivative action is not necessary.
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