Separate legal personality definition

Separate legal personality means the legal doctrine that says that corporate entities are legally distinct from their owners.

Examples of Separate legal personality in a sentence

  • Separate legal personality A company incorporated under this Act shall be a body corporate with the name by which it is registered and continues in existence until it is removed from the register of companies.

  • Separate legal personality also facilitates continuity of partnership for those firms which adopt the default code or where the partnership agreement provides alternative rules for continuity of partnership.

  • The concepts of “separate legal personality” and “limited liability” exist in the U.S. Separate legal personality is grounded in the notion that upon incorporation, a corporation has a legal identity as a person with attendant legal rights, privileges and liabilities.

  • Separate legal personality of company operates as a shield - the courts will not normally look beyond the façade of the company to the shareholders who comprise it.The screen separating the company from its individual shareholders and directors is commonly referred to as "the veil of incorporation".

  • Separate legal personality A company is a legal entity in its own right separate from its members and continues in existence until it is dissolved.

  • And thank you to Margaret Loring for sending the welcome letter to new members.

  • Separate legal personality gives a company juridical “life” or independence as its own economic actor.

  • Separate legal personality means: • Co can incur obligations and holds rights and sue and be sued in its own name.

  • Gerald Moore gave an overview of the possible options, starting from the assumption that the requirements for ECPGR would be: 1) A better defined structure; 2) A better defined status;3) Separate identity; 4) Legal capacity to accept funds and run projects in its own right; 5) Separate legal personality.

  • Separate legal personality means that the company is not identified with its shareholders or any third party.

Related to Separate legal personality

  • legal person means, with reference to each Contracting Party, any entity having its registered office in the territory of one of them and recognized as public bodies, companies of persons or capital, foundations, associations, and independently of Whether or not it is a limited liability.

  • legal personal representative means the personal or other legal representative of the shareholder;

  • Sole proprietorship means a form of business in which one person owns all the assets of the business, in contrast to a partnership or corporation.

  • Special Personal Information means Personal Information as referred to in Section 26 of POPIA

  • Confidential personal information means a party’s or a party’s child’s Social Security number; date of birth; driver license number; any other names used, now or in the past; and employer’s name, address, and telephone number.

  • Safeguarding and promoting the welfare of children means: • Protecting children from maltreatment• Preventing impairment of children’s mental or physical health or development• Ensuring that children grow up in circumstances consistent with the provision of safe and effective care• Taking action to enable all children to have the best outcomes

  • Bona fide legal resident of this State means any resident who has established residence of at least 90 days in the State.

  • Professional Persons means all Persons retained by order of the Bankruptcy Court in connection with the Reorganization Cases, pursuant to sections 327, 328, 330 or 1103 of the Bankruptcy Code, excluding any ordinary course professionals retained pursuant to order of the Bankruptcy Court.

  • Non-Public Personal Information about a Shareholder shall mean (i) personally identifiable financial information; (ii) any list, description, or other grouping of consumers that is derived from using any personally identifiable information that is not publicly available; and (iii) any other information that the Transfer Agent is prohibited from using or disclosing pursuant to Regulation S-P under Section 504 of the Gramm Xxxxx Xxxxxx Act.

  • 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;

  • Religious organization means a church, ecclesiastical corporation, or group, not organized for pecuniary profit, that gathers for mutual support and edification in piety or worship of a supreme deity.

  • Nonprofit means a nonprofit corporation as defined and established through

  • Professional person means a mental health professional,

  • Urban Coordinating Council Empowerment Neighborhood means a neighborhood given priority access to State resources through the New Jersey Redevelopment Authority.

  • Proprietary Interest means any legal, equitable or other ownership, whether through stock holding or otherwise, of an interest in a business, firm or entity; provided, that ownership of less than 5% of any class of equity interest in a publicly held company shall not be deemed a Proprietary Interest.

  • Professional employer organization means an employee leasing

  • Not-for-Profit Organization means a nonprofit corporation as defined in ORS 307.130.

  • Personal recognizance means an agreement by a person made at the time of issuance of the wildlife citation that the person will comply with the terms of that citation.

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

  • Educational personnel means persons who must meet requirements pursuant to state law as a condition of employment in educational programs.

  • Nonpublic Personal Information means nonpublic personal financial information and nonpublic personal health information.

  • Planned community means a common interest community that is not a condominium or a cooperative. A condominium or cooperative may be part of a planned community.

  • Not-for-Profit means that an organization receives compensation only for the reasonable costs of its operation, including reasonable compensation for products and services provided to Members to enable them to use Medical Cannabis pursuant to Health and Safety Code Sections 11362.7 et seq.; reasonable compensation for employees; reasonable out-of-pocket expenses incurred in providing those products or services, or both. Reasonable out-of-pocket expenses may include, but are not necessarily limited to, reasonable expenses for Member services and education, rent or mortgage, utilities, construction, furniture, maintenance, analytic testing, security, professional service costs, regulatory compliance costs, debt service, and reserves.

  • Schools means preschools, elementary schools, middle schools, high schools, and similar facilities, both public and private, used primarily for the instruction of minors.

  • the Academies means all the schools and educational institutions referred to in Article 4a and operated by the Academy Trust (and “Academy” shall mean any one of those schools or educational institutions);