Corporate Personality


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Corporate Personality

The distinct status of a business organization that has complied with law for its recognition as a legal entity and that has an independent legal existence from that of its officers, directors, and shareholders.

Corporate personality encompasses the capacity of a corporation to have a name of its own, to sue and be sued, and to have the right to purchase, sell, lease, and mortgage its property in its own name. In addition, property cannot be taken away from a corporation without Due Process of Law.

References in periodicals archive ?
Chief among the basic principles of corporate law is the 'doctrine of separate corporate personality' wherein a corporation is treated as a separate and distinct entity from its stockholder.
His conduct was "not a reflection of HHL's separate corporate personality but an abuse of it", the judge said.
92 of 2016 on the Institutional Organization of the Press and Media as an independent body with a corporate personality.
stated 'It's a pleasure for Haleeb Foods to partner with Islamabad United which not only offers a great corporate personality fit but also shares our vision for a better Pakistan.
stated "It's a pleasure for Haleeb Foods to partner with Islamabad United which not only offers a great corporate personality fit but also shares our vision for a better Pakistan.
In a statement issued to Abu Dhabi Securities Exchange (ADX), FGB said it will also ask for shareholder approval for the dissolution of the bank and the termination of its corporate personality as NBAD will become the legal successor.
The New Fund Regulations go further and clarify that investment funds are to be treated as corporate persons and this also includes provisions setting out the terms of expiry of such corporate personality. This is further supported by UAE Federal Law No 2 of 2015 (governing commercial companies in the UAE) which, unlike its predecessor, specifically provides for the establishment of investment funds under the rules and regulations of SCA and recognises such funds as a separate legal entity.
The staff members of Entrepreneur Media Inc., who wrote a book titled "Start Your Own Business," offer some advice about the corporate personality:
Commissioners have a corporate personality and will.
Eight chapters are: the stateAEs creation of the body corporate through law and politics: a short history; the doctrine of separate corporate personality; multinational companies: organizational structure, surplus extraction, tort and other controls; company formation and constitution; corporate capacity and the doctrine of ultra vires: then, now and how it could be made to have social value; directorsAE duties; the law of derivative actions and the shareholder as company monitor; capital in context: issues around shares, capital maintenance and value extraction.
The office of the prosecutor often orders journalists and newspaper to pay fines when they were proven to have published news damaging to persons or corporate personality without having the necessary supporting documents.

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