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LSDefine

Simple English definitions for legal terms

stock association

Read a random definition: land contract

A quick definition of stock association:

A stock association is a type of company where people come together to invest their money and start a business. It can also be called a joint-stock company. The people who invest in the company own shares, which represent a portion of the company's value. There are many different types of companies, like ones that hold other companies or ones that invest in different assets. Some companies are also owned by their customers, like insurance companies. A trust company is a type of company that acts as a trustee for people and entities, and sometimes also operates as a bank.

A more thorough explanation:

A stock association is a type of joint-stock company where individuals contribute capital by buying shares. Each member's investment is represented by the number of shares they own. The liability of each shareholder is limited to the amount they invested. A stock association is an unincorporated business enterprise with ownership interests represented by shares of stock.

For example, a group of individuals may come together to start a business and form a stock association. Each member contributes capital by buying shares, and the business is run by a board of directors elected by the shareholders. The liability of each shareholder is limited to the amount they invested, so they are not personally responsible for any debts or losses incurred by the business.

Another example is a mutual insurance company, which is a type of stock association where the policyholders are also the owners. The company is run by a board of directors elected by the policyholders, and any profits are returned to the policyholders in the form of dividends or lower premiums.

In summary, a stock association is a type of joint-stock company where individuals contribute capital by buying shares, and the liability of each shareholder is limited to the amount they invested.

stock-appreciation right | stock attribution

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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