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One thing created by operation of law in a corporation is the separate legal entity, which means the corporation is considered a legal "person" distinct from its owners. This allows the corporation to enter into contracts, sue and be sued, and own property in its own name. Additionally, the bylaws of a corporation are another key aspect created by operation of law, outlining how the corporation will be governed and managed.
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What does the legal term 'natural person' mean in corporation law?
Natural person refers to a human being as opposed to a legally-created entity (Corporation, Limited Liability Company, General Partnership, Limited Partnership, etc.).Even we can define them as "A human being that has the capacity for rights and duties". Note that the word capacity means the ability, but not the obligation for rights and duties.
When was Indiana Health Law Review created?
Indiana Health Law Review was created in 2004.
When was Law Society of British Columbia created?
Law Society of British Columbia was created in 1869.
When was Foster's Crown Law created?
Foster's Crown Law was created in 1689 during the reign of King William III and Queen Mary II of England.
When was National Agricultural Law Center created?
The National Agricultural Law Center was created in 1986 as a part of the University of Arkansas System Division of Agriculture. It serves as the nation's leading source for agricultural and food law research and information.
When was Power System Operation Corporation Limited created?
Power System Operation Corporation Limited was created in 2010-03.
When was The Journal of Corporation Law created?
The Journal of Corporation Law was created in 1974.
When was Beijing Mass Transit Railway Operation Corporation Limited created?
Beijing Mass Transit Railway Operation Corporation Limited was created in 2001.
What is a corporatoin?
an association of individuals, created by law or underauthority of law, having a continuous existenceindependent of the existences of its members, and powersand liabilities distinct from those of its members. See alsomunicipal corporation, public corporation.
What does it mean when someone says that a corporation is an artificial person created by law?
It basically means that for certain legal purposes, a corporation is similar to a person. For example, a corporation can own property, and have certain responsibilities.
What does it mean when someone says a corporation is an artificial person created by law?
It basically means that for certain legal purposes, a corporation is similar to a person. For example, a corporation can own property, and have certain responsibilities.
What is Beijing Mass Transit Railway Operation Corporation Limited's population?
Beijing Mass Transit Railway Operation Corporation Limited's population is 10,000.
What has the author Ernest L Folk written?
Ernest L. Folk has written: 'The red book digest of the new Delaware corporation law, 1967' -- subject(s): Corporation law 'Amendments to the Delaware general corporation law' -- subject(s): Corporation law 'Developments in securities regulation' -- subject(s): Securities 'The Delaware general corporation law' -- subject(s): Corporation law
When was AND Corporation created?
AND Corporation was created in 1992.
When was Sharp Corporation created?
Sharp Corporation was created in 1912.
When was Lionel Corporation created?
Lionel Corporation was created in 1900.
When was Convera Corporation created?
Convera Corporation was created in 2001.
