Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

corporate body

Read a random definition: license tax

A quick definition of corporate body:

Corporate Body: A group of people who come together to form a company or organization. This company or organization has legal rights and responsibilities, just like a person. They keep written records of their activities and business transactions in corporate books. They also have a corporate charter, which is like a set of rules that they must follow. Even though a corporation is not a citizen, it has a special status in the state where it was incorporated.

A more thorough explanation:

A corporate body is a legal entity that is created by law and has its own separate existence from its owners or members. It can enter into contracts, own property, and sue or be sued in its own name.

  • Corporation: A company like Apple or Microsoft is a corporate body. It is a separate legal entity from its shareholders and can conduct business on its own.
  • Corporate Books: These are written records of a corporation's activities and business transactions. They include financial statements, meeting minutes, and other important documents.
  • Corporate Charter: This is a legal document that establishes a corporation and outlines its purpose, structure, and governance.
  • Corporate Citizenship: This refers to a corporation's status in the state where it is incorporated. It is not the same as being a constitutional citizen, but it does give the corporation certain legal rights and protections.

These examples illustrate how a corporate body is a distinct legal entity that can operate independently of its owners or members. This allows corporations to conduct business, enter into contracts, and own property in their own name, which can provide certain advantages and protections.

corporate authority | corporate counsel

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
LSD+ is ad-free, with DMs, discounts, case briefs & more.