Site icon The Law Dictionary

ORGANIZE

To establish or furnish with organs; to systematize; to put into working order; to arrange in order for the normal exercise of Its appropriate functions. The word “organize,” as used In railroad and other charters, ordinarily signifies the choice and qualification of all necessary officers for the transaction of the business of the corporation. This is usually done after all the capital stock has been subscribed for. New Haven & D. R. Co. v. Chapman, 38 Conn. 66.

Exit mobile version