Translations for „close corporation“ in the English » German Dictionary

close cor·po·ˈra·tion N Am ECON

close corporation

personenbezogene Aktiengesellschaft

Monolingual examples (not verified by PONS Editors)

English

If they breach this duty, they will be liable to the close corporation for any loss caused.

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The same applies to a disclosure of membership of a close corporation or directorship of a company which the first company will deal with on a regular basis.

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There are, with close corporations, no strict rules relating to the maintenance of capital, and they also enjoy flexibility in the arrangement of their internal relationships.

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This includes damage, degradation or pollution advertently or inadvertently caused by the company or close corporation which they represent or represented.

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Individually they are probably good men, but they are a close corporation, with, it seems to me, a contempt for everyone outside their own clan.

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However, the majority of corporations are said to be closely held, privately held or close corporations, meaning that no ready market exists for the trading of shares.

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It may also take the form of an interest in a partnership, shares in a company, or a members interest in a close corporation.

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At the time the lease was entered into, the close corporation was the owner of the property.

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The terms liquidation and winding-up refer to the insolvency of a company, close corporation or other legal entity.

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The appointments of stewards by the close corporations had sometimes proved controversial.

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