Definition of foreign corporation

1. corporation that is chartered under state law and resides in a particular state of the union or other country, which is considered a foreign corporation to the remaining states.
2. corporation formed under the laws of a foreign country.

legal term for a corporation chartered in a state other than the one where it does business. A bank chartered in New York, but owning a loan production office in California, is a foreign corporation in California. The less confusing designation, out-ofstate corporation, is preferred in general usage. Contrast with alien corporation.

1. corporation chartered under the laws of a state other than the one in which it conducts business. Because of inevitable confusion with the term alien corporation, out-of-state corporation is preferred.
2. corporation organized under the laws of a foreign country, i.e., alien corporation.

1. corporation chartered under the laws of a state other than the one in which it conducts business. Because of inevitable confusion with the term alien corporation, out-of-state corporation is preferred.
2. corporation organized under the laws of a foreign country; the term alien corporation is usually preferred.