Massachusetts General Laws > Chapter 68A – Limitations Upon the Conduct of Certain Trusts and Corporations Having Charitable Interests
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Terms Used In Massachusetts General Laws > Chapter 68A - Limitations Upon the Conduct of Certain Trusts and Corporations Having Charitable Interests
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.