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

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.

Artificial person means a corporation; limited liability

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.

• 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.

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

• 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.

• 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.

• Artificial person stockholder will actively take part in the decision making of the board of directors.

• 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.

• 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.

• Artificial person (ii) Formation is difficult (iii) Company has separate Identity.7. Enumerate the various types of cooperative societies.(i) Consumer (ii) Producer (iii) Marketing (iv) Farmer’s (v) Credit(vi) Cooperative housing societies8.

• Notwithstanding the provisions of article III, section 6(7), the zoning administrator shall be authorized to waive the 60 30 consecutive day time limit for temporary signs for uses and events that are permitted to take place on a weekly or monthly basis (such as farmers markets); provided any such signs shall be erected andremoved on the same day that the use or event takes place.

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.

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.

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.

Artificial person means a property owner in the name of a Trust, Company or Close Corporation.