Indirect Corporate Purpose Law and Legal Definition
An indirect corporate purpose is one which does not, in its direct and immediate consequences, operate upon the corporators, but the beneficial effects of which are to be experienced in a remoter degree, and which have to be traced to their source before they can be duly comprehended and appreciated. [State ex rel. Thompson v. Memphis, 147 Tenn. 658 (Tenn. 1922)].
