Where a director is a legal person, he or she shall designate a natural person as his or her representative, who shall act as a director on his or her behalf. “Legal.” Merriam-Webster.com Dictionary, Merriam-Webster, www.merriam-webster.com/dictionary/juristic. Retrieved 11 October 2022. A legal person, such as a company, that is recognized as a legal entity, i.e. It is able to enjoy and be subject to legal rights and obligations. It is opposed to a human being who is called a physical person. See also international legal personality. Since ancient times, associations have been known as the original form of the legal entity. This is documented for the 1st century AD for Jewish commercial enterprises. Even in Roman law, the institution was already important, although it was not designated as such.
Conceptually, it included institutions such as the State, municipalities, societies (universities) and their associations of persons and property as well as associations. At least three people were needed in Rome to found an association. Britannica English: Translation of Legal for Arabic Speakers Any natural person appointed by that legal person as authorized representative may be replaced by another natural person authorized by the legal person from time to time to fulfill the remaining term of office of the predecessor. Note: The rights and obligations of a legal person are different from those of its natural persons. These sample phrases are automatically selected from various online information sources to reflect the current use of the word “legal”. The views expressed in the examples do not represent the views of Merriam-Webster or its editors. Send us your feedback. A legal entity is a non-human legal entity that is not a single natural person, but an organization legally recognized as a legal entity, such as a company, government agency, or NGO. Also known as a corporation, corporation, corporation, corporation or corporation, a corporation retains certain duties and rights listed in the relevant laws. [1] [2] The rights and obligations of a legal person are different from those of its natural persons. Subscribe to America`s largest dictionary and get thousands of other definitions and an advanced search – ad-free! Any legal person that is a member shall have the right to appoint as representatives one or more natural persons proposed for election to the office of director in accordance with these articles. Search for `legal entity` in Oxford Reference » This legal term article is a stub.
You can help Wikipedia by expanding it. If the Subscriber is a legal entity, you may not terminate the Agreement during the initial fixed term of the Agreement (such initial fixed period calculated from the Activation Date), unless it is a material breach not resolved by the Company.