Corporation aggregate: an artificial legal entity with perpetual succession and powers to own property and litigate. Corporation aggregate denotes a collective of individuals constituted as one legal entity with perpetual succession and an artificial personality, vested with capacity to take and grant property, contract, and to sue or be sued, enjoying communal privileges and immunities; the scope of these powers and rights depends on the instrument of creation and any subsequent lawful conferment of authority.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Corporation aggregate: an artificial legal entity with perpetual succession and powers to own property and litigate.
Corporation aggregate denotes a collective of individuals constituted as one legal entity with perpetual succession and an artificial personality, vested with capacity to take and grant property, contract, and to sue or be sued, enjoying communal privileges and immunities; the scope of these powers and rights depends on the instrument of creation and any subsequent lawful conferment of authority.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.