Legal Person
From Open Risk Manual
Revision as of 11:34, 2 March 2021 by Wiki admin (talk | contribs)
Contents
Definition
Legal Person. Any entity which can incur legal obligation and can be sued at law
To have legal personality means to be capable of having legal rights and duties within a certain legal system, such as to enter into contracts, sue, and be sued. Legal personality is a prerequisite to legal capacity, the ability of any legal person to amend (enter into, transfer, etc.) rights and obligations.
Examples
- Cooperatives (co-ops)
- Corporations
- Municipal corporations (municipalities)
- Unincorporated associations
- Partnerships
- Sovereign states
- Supranational Organizations
- Sacred Locations (Physical or Human-made)
See Also
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.
