Legal person

(redirected from Legal entity)
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(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

Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
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References in periodicals archive ?
The ill-gotten gain in the amount of 99,294.32 KM (ninety nine thousand two hundred ninety four convertible marks and thirty two pfennigs) shall be confiscated from the accused legal entity Branex d.o.o.
This can be avoided by equalizing interests before deeding to/from the legal entity. Foreclosures also will be held a change in ownership.
Avox is a supplier of legal entity data, hierarchies and identifiers on financial entities globally, owned by the DTCC.
Deadline for submitting the extract from the register or other document proving that the legal entity is acting under the laws of its country should not exceed 6 months from the date of issuing of these documents.
Rather than wait for a crisis, busi-nesses can obtain immediate benefits by proactively tackling legal entity issues before they become critical.
When binding a legal entity, the signature block must have the full and correct legal name of the entity entering into the contract.
According to the ED, if a legal entity controls one or more other legal entities, it should prepare financial statements on a consolidated basis.
Chapter X of the Civil Code enables members of a legal entity to request the court to appoint experts who would investigate whether the legal entity or legal entity's managing bodies or their members acted in a proper way.
The bank wanted those assets isolated in a separate legal entity where they would be protected and unencumbered by other potential liabilities, Moran says.
JR: The mere fact that Pork America became a legal entity is a revolution in and of itself.
Consider a trade or business that is a separate and distinct legal entity for state tax purposes, but elects to be treated as a QSub for Federal tax purposes.