Corporate legal personality definition

  • Separate legal personality cases

    This means the company becomes a legal person that has rights and obligations, for example it can own property and assets, sue and be sued in its own right.
    This article looks at how the fundamental principle of legal entity and personality first developed and how it compares to limited liability..

Is legal personality a prerequisite to legal capacity?

As legal personality is a prerequisite to legal capacity (the ability of any legal person to amend – i.e. enter into, transfer, etc. – rights and obligations ), it is a prerequisite for an international organization to be able to sign international treaties in its own name .

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What is a legal person?

In law, a legal person is any person or 'thing' (less ambiguously, any legal entity) that can do the things a human person is usually able to do in law – such as:

  • enter into contracts
  • sue and be sued
  • own property
  • and so on.

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