Series 24: 4.1.3.1.1. Non-Stock Corporations

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