Overview

corporation


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N.

An entity that has legal personality, i.e. it is capable of enjoying and being subject to legal rights and duties (see juristic person) and possesses the capacity of succession. A corporation aggregate (e.g. a company registered under the Companies Acts) consists of a number of members who fluctuate from time to time. A corporation sole (e.g. the Crown) consists of one member only and his or her successors. See also incorporation.

Subjects: Social Sciences — Law.


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