Non-stock corporation
From Wikipedia, the free encyclopedia
A non-stock corporation is a corporation that does not have owners represented by shares of stock. That type of corporation is called a stock corporation. Instead, a non-stock corporation typically has members, who are the functional equivalent of stockholders in a stock corporation (they have the right to vote, etc.). Non-stock corporations may also choose to have no members. Most non-stock corporations are not-for-profit corporations. While extremely rare, it is possible for a for-profit corporation to be a non-stock corporation.
