Direct Corporate Purpose Law and Legal Definition
A direct corporate purpose is one, which in its direct and immediate consequences, operates upon the interests of the corporation. Such would be all police regulations for the government of the town, the promotion of good order, the protection of its citizens from the lawless, the suppression of vice, the opening and preservation of highways, streets, and alleys, the erection of market houses and hospitals, supplying the town with water, etc. [State ex rel. Thompson v. Memphis, 147 Tenn. 658 (Tenn. 1922)].
Legal Definition list
Related Legal Terms
- Actio Commodati Directa
- Advance Directive
- Advance Directives (Health Care)
- After-Arrival Mandatory Directive [Transportation]
- All-Purpose Public Figure
- Annual Meeting (Corporate Law)
- Appraisal Remedy [Corporate Law]
- Athletic Director
- Authority to Request Records for a Law Enforcement Purpose
- Automated Export System Direct
