Legal person


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Related to Legal person: Natural person, Legal entity
(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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References in periodicals archive ?
It is always about the physical transfer of assets from Slovakia abroad, although from the legal perspective it is not a sale of assets, since the headquarters and the permanent office moving assets between themselves,are one legal person, and so the person of the assets owner does not change.
Any person authorised to deal with the account of a legal person is prohibited from dealing in any particular security for his own benefit, or for the benefit of an account which he has an interest in, if such dealing is for the purpose of benefiting from potential material effect of that legal person's account orders that have been or will be entered on the price of that security.
The trade register will include an electronic file of each legal person subject to registration.
And finally, "consumer" shall mean a real or legal person who acts without any commercial or professional purposes.
The attorney of the natural person or the legal person must submit a duly attested power of attorney granting the entrusted attorney the right to deal and trade in the property to be sold.
26/2010, its dispositions implicitly drafted the legal regime for this type of Romanian legal person, motivated by the maintenance of the status of credit institution.
The legal person is a collective entity, a group of people that meet the conditions required by law, is the titular of subjective rights and civil obligations.
The maximum limit for the legal person shares in traditional private banks is set at 49 % of the bank's capital when it is below SYP 5 billions, and at 60 % if it exceeds SYP 5 billions, taking into consideration the provisions of paragraph /c/ Article /3/ of Law No.
3K-7-444/2009, by the decision of 20/11/2009, the Board of seven Judges of the Supreme Court of Lithuania explained the nature of the relations arising between the company and the sole governing body and formed principal rules regulating the liability of the director of the closed joint-stock company, as the governing body of the legal person, for the damage caused to the legal person.
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.
French legislation restricts the number of shares that a non-biomedical firm may hold and prohibits any natural or legal person from holding shares in more than two firms set up in order to jointly operate one or more biomedical laboratories.
For example, in order to know if the applicant is a legal person or not, the following logical block was defined (fig.