Which type of corporation is composed of more than one member?

The correct answer is that a corporation aggregate is composed of more than one member. This type of corporation is formed by a group of individuals who come together with a common purpose and share resources and responsibilities. The key characteristic of a corporation aggregate is its legal entity nature that allows it to operate independently from its members, which can include a wide range of individuals or entities.

Corporation aggregates are typically responsible for their own liabilities and can enter into contracts, own property, and engage in business activities as a single legal body. This is a fundamental aspect of corporate law, distinguishing it from other types of corporations or business associations, such as a corporation sole, which is designed to function with only one member, usually for specific purposes such as religious or ecclesiastical entities.

Parent and subsidiary corporations, on the other hand, refer to a relationship between companies, where one corporation controls another, but they do not inherently detail the membership structure in terms of individual members coming together to form a new entity. Thus, the significance of membership comprising multiple individuals or entities is distinctly addressed within the parameters of a corporation aggregate.