Corporation - Law Dictionary Search Results

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Corporation Act (English)

Corporation Act (English), 13 Car. 2, s. 2, c. 1, by which no person could thereafter be elected to office in any corporate town who should not within one year previously have taken the Sacrament of the Lord's Supper according to the rites of the Church of England.-An obligation to subscribe a declaration was substituted for the necessity of taking the Sacrament by 9 Geo. 4, c. 17,and the Corporation Act itself, with a body of similar Acts, was repealed by 34 & 35 Vict. c. 48....

subchapter s corporation

subchapter s corporation A corporation that has elected under Subchapter S of the Internal Revenue Code not to pay any corporate taxes on its earnings, and instead to have its shareholders pay taxes on it ...