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A statutory corporation is defined in the federal Department of Finance 's glossary as a "statutory body that is a body corporate, including an entity created under section 87 of the PGPA Act" (i.e. a statutory authority may also be a statutory corporation). [1] An earlier definition describes a statutory corporation as "a statutory authority ...
t. e. In law, a legal person is any person or 'thing' (less ambiguously, any legal entity) [1] [2] that can do the things a human person is usually able to do in law – such as enter into contracts, sue and be sued, own property, and so on. [3] [4] [5] The reason for the term " legal person" is that some legal persons are not people: companies ...
Statutory body. A statutory body or statutory authority is a body set up by law ( statute) that is authorised to implement certain legislation on behalf of the relevant country or state, sometimes by being empowered or delegated to set rules (for example regulations or statutory instruments) in their field. They are typically found in countries ...
United States corporate law. The New York Stock Exchange ( headquarters pictured) is the major center for listing and trading shares in United States. Most corporations are, however, incorporated under the influential Delaware General Corporation Law. United States corporate law regulates the governance, finance and power of corporations in US law.
Corporate personhood. Corporate personhood or juridical personality is the legal notion that a juridical person such as a corporation, separately from its associated human beings (like owners, managers, or employees), has at least some of the legal rights and responsibilities enjoyed by natural persons. In most countries, a corporation has the ...
A board of directors (commonly referred simply as the board) is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency . The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the ...
A juridical person is a legal person that is not a natural person but an organization recognized by law as a fictitious person such as a corporation, government agency, non-governmental organisation, or international organization (such as the European Union ). Other terms include artificial person, corporate person, judicial person, juridical ...
A corporation is an organization —usually a group of people or a company —authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in law for certain purposes. [1] : 10 Early incorporated entities were ...