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Legal person

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.09 sec.
(Law) an individual or group that is allowed by law to take legal action, as plaintiff or defendent. It may include natural persons as well as fictitious persons (such as corporations).
- Blackstone.

See also: Person



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50 (3) of the Civil Code of the Republic of Lithuania states: where a legal person fails to perform his obligations due to acts in bad faith of a member of the legal person, the member of the legal person shall, in a subsidiary manner, be liable for the obligations of the legal person by his property.
Bad faith acts by a member of a legal entity--is it possible for a ... by Stuglyte, Zydrune / The Baltic Times (Riga, Latvia)
According to the amendment, a company has the same responsibility and could be prosecuted for any such offence committed by any person -- exercising managerial authority -- acting individually or as a member of the legal person, or entity.
Bill hopes to shut down corrupt companies by Cyprus Mail (Cyprus)
The five suspects are Helios Airways as a legal person and four officials, Andreas Drakos Helios Executive Chairman, Demetris Pantazis Managing Director, George Kikkides Flight Operations Director and Ianco Stoimenov Chief Pilot.
Suspects in Cyprus Helios case deny charges by Financial Mirror (Cyprus)
 
 
 
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