Series 24: 4.1.3.1.1. Non-Stock Corporations

Taken from our Series 24 Online Guide

4.1.3.1.1. Non-Stock Corporations

Corporations come in several shapes and sizes. Non-stock corporations are exactly as described, and they may be publicly or privately held. A nonprofit corporation is non-stock by definition, since a nonprofit is not in business to pay stockholder dividends but rather to provide a public service. It has members instead of stockholders, and any profits are pou

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