What is a joint-stock company?
A joint-stock company is a legal entity whose capital is divided into shares.
Key concepts and application
The company generally answers for its debts with its assets; shareholders’ obligations require review of capital commitments and special cases. The general assembly and board have distinct functions.
Rights, procedure and limits
Formation, capital, share transfers and disclosure duties vary with the company. Consult registration records, articles and current commercial law for the actual transaction.
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