natural person


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Related to natural person: Legal person

natural person

n. a real human being, as distinguished from a corporation which is often treated at law as a fictitious person.

natural person

a human being, as opposed to an artificial or legal person like a company.
References in periodicals archive ?
Kabil added that the amendment also includes raising the value of the cash insurance deposit that is required to complete the registration process from EGP 3,000 to EGP 50,000 for natural persons and up to EGP 200,000 for legal persons.
However, a director or natural person shareholder can also be a secretary.
As a result, LM ENT --as an LLC rather than a natural person --was not an employee within the scope of the Policy at issue in this case.
A political official is a natural person who is an agent of a polity or a political department.
However, since 1986, Internal Revenue Code section 72(u)(1) has provided that when an annuity is "held by a person who is not a natural person," the contract "owner" is treated as currently receiving earnings under the annuity (measured by a special formula set out in the code).
This statute is unique in that when its initial version was passed in 1994, it was the first legislation of its kind in Canada to have granted natural person powers to the municipality; that is, the power to do anything that a normal human being can do.
For undisclosed LTs, the penalty is $100,000 in the case of any natural person, and $200,000 for corporations and all other non-individual taxpayers.
She is a very natural person, very warm, considerate and friendly.
78u-2(b)(1) -- $5,500 for a natural person and $60,000 for any other person.
Just as a natural person cannot merely pass his or her legal responsibilities onto another person -- such as performance under a contract or responsibility for a debt -- a corporation cannot do so either.
For Wolgast (as for Hobbes), a natural person is one whose words and actions are his own.
2 This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in article 9(b) to (h) of the Transparency Law; (c) all the parties to the agreement referred to in article 9(a) of that Law, or (d) the holder of financial instruments entitled to acquire shares already issued to which voting rights are attached, as appropriate.