Chartered Legal Person

From Open Risk Manual

Definition

Chartered Legal Person. A legal person created by a royal charter or decree


Example

Anything with 'Royal Institute' in the name. Also universities are generally set up by royal charter in a monarchy or principality, (often pre-dating any Privy Council i.e. directly be the monarch in the case of older universities). The Bank of England and the British Broadcasting Council (BBC) are also incorporated through Royal Charter.

Issues and Challenges

In a monarchy or principality, the monarch typically vests the power to create such bodies, in an entity called (for example) the Privy Council.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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