corporation aggregate

A collection of individuals united in one body under a special denomination, and vested by the policy of the law with the capacity of acting in several respects as an individual; a legal institution devised to confer upon the individuals of which it is composed powers, privileges, and immunities which they would not otherwise possess, the most important of which are continuous legal identity, and perpetual or indefinite succession under the corporate name, notwithstanding successive changes by death or otherwise in the corporation or members of the corporation. 18 Am J2d Corp § 1. An artificial body of men, composed of divers constituent members ad instar corporis humanis (after the manner of the human body), the ligaments of which body politic, or artificial body, are the franchises and liberties thereof, which bind and unite all its members together; and in which the whole frame and essence of the corporation consist. Louisville, Cincinnati & Charleston Railroad Co. v Letson (US) 2 How 497, 552, 11 L Ed 353, 375.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • corporation aggregate — Aggregate and sole corporations. A corporation sole is one consisting of one person only, and his successors in some particular station, who are incorporated by law in order to give them some legal capacities and advantages, particularly that of… …   Black's law dictionary

  • Corporation aggregate — Aggregate Ag gre*gate, a. [L. aggregatus, p. p.] 1. Formed by a collection of particulars into a whole mass or sum; collective. [1913 Webster] The aggregate testimony of many hundreds. Sir T. Browne. [1913 Webster] 2. (Anat.) Formed into clusters …   The Collaborative International Dictionary of English

  • corporation (aggregate) — a group of persons who are deemed in law to be a single legal entity. The corporate entity is legally distinct from its members; it has legal personality and can hold property, sue and be sued in its own name as if it were a natural person. In… …   Law dictionary

  • corporation aggregate — noun see corporation 3 * * * corporation aggregate noun A corporation consisting of several persons • • • Main Entry: ↑corporate …   Useful english dictionary

  • Corporation — • An association recognized by civil law and regarded in all ordinary transactions as an individual. An artificial person Catholic Encyclopedia. Kevin Knight. 2006. Corporation     Corporation …   Catholic encyclopedia

  • aggregate corporation — Aggregate and sole corporations. A corporation sole is one consisting of one person only, and his successors in some particular station, who are incorporated by law in order to give them some legal capacities and advantages, particularly that of… …   Black's law dictionary

  • aggregate and sole corporations — Aggregate and sole corporations. A corporation sole is one consisting of one person only, and his successors in some particular station, who are incorporated by law in order to give them some legal capacities and advantages, particularly that of… …   Black's law dictionary

  • Aggregate — Ag gre*gate, a. [L. aggregatus, p. p.] 1. Formed by a collection of particulars into a whole mass or sum; collective. [1913 Webster] The aggregate testimony of many hundreds. Sir T. Browne. [1913 Webster] 2. (Anat.) Formed into clusters or groups …   The Collaborative International Dictionary of English

  • aggregate — ag·gre·gate 1 / a grə gət/ adj: taken as a total aggregate liability ag·gre·gate 2 / a grə ˌgāt/ vb gat·ed, gat·ing vt 1: to combine or gather into a whole class members may aggregate their indiv …   Law dictionary

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.