This differs from a joint- stock company in being regularly incorporated, instead of being a mere partnership , but resembles it in having a capital divided into shares of stock. Most business corporations (as distinguished from eleemosynary corporations ) are of this character. Moneyed corporations are, properly speaking, those dealing in money or in the business of receiving deposits, loaning money, and exchange; but in a wider sense the term is applied to all business corporations having a money capital and employing it in the conduct of their business. Mutual Ins. Co. v. Erie County, 4 N. Y. 444; Gillet v. Moody, 3 N. Y. 4S7; Vermont Stat. 1894,
Black’s Law Online Dictionary
