A corporation which doesn't use shares of stock for ownership, which is determined as stated within a membership agreement. … [Read more...]

Actions carried out for purposes other than to make a profit such as charitable purposes. … [Read more...]

Not following up the cause; failure on the part of a plaintiff to continue the prosecution of his suit An abandonment or renunciation of his suit, by a plaintiff, either by omitting to take the next necessary steps, or voluntarily relinquishing the action, or pursuant to an order of the court. An order or judgment, granted upon the trial of a cause, that the plaintiff has … [Read more...]

A corporation that allows the formation of an entity whose primary purpose is not for profit making but to share the benefits with its members or the public. Nonprofit corporation may make a profit through operations although not as its primary purpose. The profits must be used for the benefit of the people or the purpose for which the corporation was created to help. If a … [Read more...]

The mode in which a tenant or defendant in a real action pleaded, when the summons which followed the original was not served within the proper time. Nom temere credere est nervus sapiential. 5 Coke, 114. Not to believe rashly is the nerve of wisdom. … [Read more...]