: a corporation whose stock is not publicly traded but held by a few persons (such as those in management)
Examples of close corporation in a Sentence
Recent Examples on the Web
With very rare exceptions (such as Nevada's close corporation statute), charging orders are not authorized by statutes of a corporate nature, which includes Ohio professional associations.
—
Jay Adkisson, Forbes, 20 Sep. 2021
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Jay Adkisson, Forbes, 20 Sep. 2021
Dictionary Entries Near close corporation
Cite this Entry
“Close corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/close%20corporation. Accessed 21 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share