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shell corporation

   Also found in: Financial, Wikipedia 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.shell corporation - a company that is incorporated but has no assets or operations
corp, corporation - a business firm whose articles of incorporation have been approved in some state


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Once the operating company purchases the corporate shell and merges into it, the owner of the private company receives a majority of the shell corporation stock (usually 90-95%) through a new issue of stock for the private enterprise.
The court heard how the former bank managers created a series of shell corporations in Hong Kong which were used to funnel the cash into personal bank and investment accounts.
The court heard how the former bank managers created a series of shell corporations in Hong Kong which were used to funnel the cash into personal bank and investment accounts.
 
 
 
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