Legal Personality
/ˈliːɡəlˌ pɜːrsəˈnælɪti/
Definitions
- (n.) The status of an entity (such as a person or organization) recognized by law as having rights and duties.
Corporations have legal personality, allowing them to enter contracts and sue or be sued.
- (n.) The capacity to possess legal rights and obligations independent of the individuals who comprise the entity.
Legal personality enables a nonprofit to own property in its own name.
Related terms
See also
Commentary
Legal personality is foundational for distinguishing entities capable of participating in legal relations; drafters should clarify whether the reference is to natural or juridical persons when appropriate.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.