Definition of "Corporation sole"

Antoinetta Pinckney real estate agent
Antoinetta Pinckney, Real Estate Agent Southern Lifestyle Properties

Corporation having only one person, A corporation sole is primarily used for the purposes of a nonprofit ecclesiastic church related organization. Ina church, the corporation sole is headed by a priest, minister or bishop who holds title to all church-related property. The corporation sole allows the title to pass to the successors in office rather than to the heirs of the priest, minister, or bishop.

 

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