Artificial person definition

Artificial person means a legal entity, not a human being, recognized as a person in law to whom certain legal rights and duties may attached - e.g. a body corporate
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Artificial person means any organization organized under the law of the United States, any foreign country, or a state, province, territory, possession, commonwealth or dependency of the United States or any foreign country, and as to which the government, state, province, territory, possession, commonwealth or dependency must maintain a record showing the organization to have been organized.
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Artificial person means a corporation; limited liability
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Examples of Artificial person in a sentence

  • Artificial person Answer (a) Perpetual succession: A company being a creation of the law, can be brought to an end only by law.

  • Artificial person are also entitled to the guarantee, although they may be required to open their books of accounts for examination by the state in the exercise of police and taxing powers.

  • Key TermsSole proprietorship Partnership Karta Mutual agency Unlimited liability Company Perpetual succession Artificial person Common seal Subsidiary Holding company Registration Dayabhaga Mitakashara Co-parceners Joint Hindufamily business SUMMARY Forms of business organisation refers to the types of organisations which differ in terms of ownership and management.

  • Perpetual succession (b) Common seal(c) Karta (d) Artificial person Solution: (a) Perpetual succession: A company being a creation of the law, can be brought to an end only by law.

  • Numerator: The numerator is obtained by summing all early childhood education programs with children aged 4 or 5 years who have a 'Yes' response against the child level data element ‘Early childhood education program enrolment indicator'—representing enrolment in the year before full-time schooling—and a ‘Yes’ response against the service provider level data element ‘Early childhood education program delivered by a qualified teacher indicator’.

  • The members arc the owners and arc liable in limited way for the acts of their company and are conferred with rights and duties.4 Artificial person: A Joint Stock Company is an artificial person created by law.

  • Explain the following terms in brief: (i) Perpetual succession (ii) Common seal (iii) Karta (iv) Artificial person Answer: (i) Perpetual Succession: Perpetual succession refers to continuous succession of a corporation.

  • After considering the Appellate Court’s decision and the arguments of the parties, the Commission determines that it does not have the authority to order a refund at this juncture.The Supreme Court, in both IVI and Hartigan II, stated that the Commission does not have the statutory power to order a refund.

  • At least two persons, voluntarily, must join hands to form a private company, while a minimum of seven persons are required for a public company.2) Artificial person: A company is created by law.

  • Artificial person: A company is a creation of law and exists independent of its members.


More Definitions of Artificial person

Artificial person means any form of business organization and any other nongovernmental legal entity, including but not limited to a profit or nonprofit corporation, partnership, limited liability company, association, trust, or unincorporated organization.
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Artificial person means any corporation, limited-liability company, limited-liability partnership, limited partnership, limited-liability limited partnership, business trust or municipal corporation or any comparable entity which is created and existing under the laws of this State, any other state, territory or foreign government, or the Government of the United States and which is doing business in this State.
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Artificial person means a property owner in the name of a Trust, Company or Close Corporation.
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Artificial person means a corporation; limited liability company; limited liability partnership, limited partnership, joint venture, or any other kind of partnership; association; business trust or any other trust; estate; association; or any other organization.
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Related to Artificial person

  • natural person means any natural person having the nationality of either Contracting Party in accordance with its laws.

  • Passive NFFE means any NFFE that is not (i) an Active NFFE, or (ii) a withholding foreign partnership or withholding foreign trust pursuant to relevant U.S. Treasury Regulations.

  • Natural means a point count of eight or nine for either the Player's Hand or the Banker's Hand in the initial deal;

  • Passive NFE Under the CRS a “Passive NFE” means any NFE that is not an Active NFE. An Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution is also treated as a Passive NFE for purposes of the CRS.

  • Elderly person means a person 60 years of age or

  • juridical person means any legal entity duly constituted or otherwise organised under applicable law, whether for profit or otherwise, and whether privately-owned or governmentally-owned, including any corporation, trust, partnership, joint venture, sole proprietorship or association;

  • natural person of a Party means a natural person who resides in the territory of that Party or elsewhere and who under the law of that Party:

  • Deportation or forcible transfer of population means forced displacement of the persons concerned by expulsion or other coercive acts from the area in which they are lawfully present, without grounds permitted under international law;

  • Aboriginal person means a person who is a descendant of Aboriginal people of Australia, and “Aboriginal child” has a corresponding meaning;

  • Official written order means an order written on a form provided for that purpose by the United

  • Multi-family housing means a building or structure that is designed to house two (2) or more different households in separate housing Units which have full kitchen facilities including oven/range, refrigerator, kitchen sink with hot and cold water supply and food storage facilities and at least one (1) full bathroom facility(s), one (1) full bedroom and one (1) living area (including a combination thereof such as studio arrangements).

  • Disclosable Pecuniary Interest means an interest of yourself, or of your partner if you are aware of your partner's interest, within the descriptions set out in Table 1 below.

  • juridical person of a Party means a juridical person which is either:

  • Intimidating, threatening, abusive, or harming conduct means, but is not limited to, conduct that does the following:

  • consortium or joint venture means an association of persons for the purpose of combining their expertise, property, capital, efforts, skill and knowledge in an activity for the execution of a contract;

  • Unrestricted Person means (a) each Indemnitee, (b) each Partner, (c) each Person who is or was a member, partner, director, officer, employee or agent of any Group Member, a General Partner or any Departing General Partner or any Affiliate of any Group Member, a General Partner or any Departing General Partner and (d) any Person the General Partner designates as an “Unrestricted Person” for purposes of this Agreement.

  • Deaf person or "person who is deaf" means any person whose hearing is so severely impaired that the person is unable to hear and understand conversational speech through the unaided ear alone, and who must depend primarily on an assistive listening device or visual communication such as writing, lip reading, sign language, and gestures.

  • Trafficking in persons means the recruitment, transportation, transfer, harbouring or receipt of persons, by means of the threat or use of force or other forms of coercion, of abduction, of fraud, of deception, of the abuse of power or of a position of vulnerability or of the giving or receiving of payments or benefits to achieve the consent of a person having control over another person, for the purpose of exploitation. Exploitation shall include, at a minimum, the exploitation of the prostitution of others or other forms of sexual exploitation, forced labour or services, slavery or practices similar to slavery, servitude or the removal of organs;

  • Multi-purpose Lubricant means any lubricant designed for general purpose lubrication, or for use in a wide variety of applications. “Multi-purpose Lubricant” does not include “Multi-purpose Dry Lubricants”, “Penetrants”, or “Silicone-based Multi-purpose Lubricants”.

  • Joint Venture means any joint venture, limited liability company or other Affiliate of the Company that owns, in whole or in part, on behalf of the Company any Properties, Loans or other Permitted Investments.

  • Interdicted person means a person to whom the sale, offer for sale, or

  • Non-Participating Marriage and Family Therapist means a Marriage and Family Therapist who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Permitted Joint Venture means, with respect to any specified Person, a joint venture in any other Person engaged in a Similar Business in respect of which the Borrower or a Restricted Subsidiary beneficially owns at least 35% of the shares of Equity Interests of such Person.

  • Interested Person shall have the meaning given it in Section 2(a)(19) of the 1940 Act;

  • Governmental Person means, whether domestic or foreign, any national, federal, state or local government, any political subdivision thereof, or any governmental, quasi-governmental, judicial, public or statutory instrumentality, authority, body or entity, including any central bank and any comparable authority.

  • Handyperson means a person who is not a tradesperson and whose duties include the performance of routine repair work and maintenance in and about the employer’s premises.