Legal Personality

Context:
- It can (often) be referenced in a Body of Law.
- It can range from being an Individual Legal Personality to being an Organizational Legal Personality (such as a Governmental Entity).
- It can own Property.
- …
Example(s):
- a Legal Person.
- a Legal Corporation.
- ...
Counter-Example(s):
- a Dependent Agent.
See: Legal, Person, Organization, Legal Agreement, Institution, Law of Obligations, Natural Person, Personhood.

References

(Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/legal_personality Retrieved:2015-2-21.
- To have legal personality means to be capable of having legal rights and obligations 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. In international law, consequently, legal personality is a prerequisite for an international organization to be able to sign international treaties in its own name. Legal persons (lat. persona iuris) are of two kinds: natural persons (also called physical persons) – people – and juridical persons (also called juridic, juristic, artificial, or fictitious persons, lat. persona ficta) – groups of people, such as corporations, which are treated by law as if they were persons. ^[1] ^[2] While people acquire legal personhood when they are born, juridical persons do so when they are incorporated in accordance with law.

↑ [...] men in law and philosophy are natural persons. This might be taken to imply there are persons of another sort. And that is a fact. They are artificial persons or corporations [...]
↑ Besides men or “natural persons,” law knows persons of another kind. In particular it knows the corporation, and for a multitude of purposes it treats the corporation very much as it treats the man. Like the man, the corporation is (forgive this compound adjective) a right-and-duty-bearing unit.