Legal personality (also artificial personality, juridical personality, and juristic personality) is the characteristic of a non-human entity regarded by law to have the status of a person. A legal person (Latin: persona ficta), (also artificial person, juridical person, juristic person, and body corporate, also commonly called a vehicle) has a legal name and has rights, protections, privileges, responsibilities, and liabilities under law, just as natural persons (humans) do.
The concept of a legal person is a
fundamental legal fiction. It is pertinent to the philosophy of law, as is essential to laws affecting a corporation (corporations law) (the law of business associations). Legal personality allows one or more natural persons to act as a single entity (a composite person) for legal purposes.
The
concept of legal personality is not absolute. "Piercing the corporate veil" refers to looking at individual human agents involved in a corporate
Action or
Decision; this may result in a legal
Decision in which the rights or duties of a corporation are treated as the rights or liabilities of that corporation's shareholders or directors.
Similar
Legal Personality
