§ 1850 Corporation Definition Under Article

• •This law defines what a 'corporation' means in this part of the law.
• •A 'corporation' here is a company created under state laws to do business.
• •This definition only applies to this specific part of the law unless stated otherwise.

A group of people start a company to sell toys in the state.

If they officially create their company under state rules to do business, this law calls their company a 'corporation'.