Separate legal entity definition

Separate legal entity means any entity created by interlocal agreement the membership of which is limited to two or more special districts, municipalities, or counties of the state, but which entity is legally separate and apart from any of its member governments.
Separate legal entity means any entity created by

Examples of Separate legal entity in a sentence

  • No Separate legal entity is created by this Agreement; however, to the extent that any administration of this Agreement becomes necessary, then the City Mayor and the UTOPIA Executive Director, or their designees, shall constitute a Joint Board for such purpose.

  • Separate legal entity of the company is also recognized by the Income Tax Act.

  • Separate legal entity under Syariah law and its application on Islamic banking in Malaysia: A note.

  • Any existing power supply obligations (if any) associated with the facility shall not be assigned to the Company unless the Company, in its sole discretion, accepts such assignment.

  • Separate legal entity: Registration of a cooperative society is compulsory under the Cooperative Societies Act, 1912.

  • Separate legal entity: It retains the advantages of public corporation such as autonomy, legalentity.3. Ability to compete: It is free from the rigid rules and regulations.

  • Advantages of the corporate form of business include the following: Separate legal entity.

  • SUBCHAPTER S DEFINITION: Separate legal entity that provides shareholders with some limited liability and has non-tax attributes at the corporate level.

  • The evidence that company represents one of the most important associations in our life require an exposition for it's different roles, therefore, this chapter deals with the Definition of the company, History of companies, Company and partnership, Separate legal entity of the company, Importance of the company and the Membership of the company.

  • Assessment of co-operatives Pros- Limited liability- Hybrid social enterprise/personal advantage model- Accountable – open membership policy- Separate legal entity Cons- Will not qualify as an NHS pension provider and may not achieve Direction Status- Less flexible than some other forms as constitution may only be changed with FSA approval- Not capable of achieving charitable status9.

Related to Separate legal entity

  • Legal Entity means the union of the acting entity and all other entities that control, are controlled by, or are under common control with that entity. For the purposes of this definition, "control" means (i) the power, direct or indirect, to cause the direction or management of such entity, whether by contract or otherwise, or (ii) ownership of fifty percent (50%) or more of the outstanding shares, or (iii) beneficial ownership of such entity.

  • Special Entity means any joint venture, limited liability company or partnership, general or limited partnership or any other type of partnership or company other than a corporation in which the Borrower or one or more of its other Subsidiaries is a member, owner, partner or joint venturer and owns, directly or indirectly, at least a majority of the equity of such entity or controls such entity, but excluding any tax partnerships that are not classified as partnerships under state law. For purposes of this definition, any Person which owns directly or indirectly an equity investment in another Person which allows the first Person to manage or elect managers who manage the normal activities of such second Person will be deemed to "control" such second Person (e.g. a sole general partner controls a limited partnership).

  • Professional employer organization means an employee leasing

  • Nonprofit organization means a university or other institution of higher education or an organization of the type described in section 501(c)(3) of the Internal Revenue Code of 1954 (26 U.S.C. 501(c) and exempt from taxation under section 501(a) of the Internal Revenue Code (25 U.S.C. 501(a)) or any nonprofit scientific or educational organization qualified under a state nonprofit organization statute.

  • Educational entity means a public school district,

  • ADR Organization means The American Arbitration Association or, if The American Arbitration Association no longer exists or if its ADR Rules would no longer permit mediation or arbitration, as applicable, of the dispute, another nationally recognized mediation or arbitration organization selected by the Sponsor.

  • Participating Organization means an organization which elects to offer coverage under a Policy by completing a participation agreement that has been accepted by the Company.

  • Tribal Entity means a federally-recognized tribal entity performing tribal governmental functions and eligible for funding and services from the U.S. Department of Interior by virtue of its status as an Indian tribe.

  • Outside Entity means any:

  • 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.

  • financial entity means the following entities which meet such criteria or conditions as the Central Government may, in consultation with the financial sector regulator, notify in this behalf, namely:

  • Continuing ownership interest means ownership of or entitlement to more than twenty five per cent of shares or capital or profits of the company;

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

  • Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

  • Controlled group of corporations has the meaning set forth in Code Section 1563.

  • Manager-managed limited liability company means a limited liability company that is managed by

  • Regional Entity shall have the same meaning specified in the Operating Agreement.

  • Entity means a corporation, partnership, limited liability company or other entity.

  • Member organization means any individual, corporation, limited liability company, partnership, or association that belongs to an association.

  • Business organization means an individual, partnership, association, joint stock company, trust, corporation or other legal business entity or successor thereof.

  • School entity means a school district, intermediate

  • Controlling ownership interested means ownership of or entitlement to more than twenty five percent of shares or capital or profits of the Company;

  • Participating public employer means a public employer as defined in ORS 238.005 that

  • Professional employer agreement means a written contract by and between a client and a PEO that provides for the following:

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Employee organization means any organization, union, or