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Simple English definitions for legal terms

corporate body

Read a random definition: below-market loan

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

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18:34
@wigwav: nah
TGM
18:34
like am I expected to send it unprompted or can I wait until a school requested it
Dkk
18:35
@TGM: Expected to send it unprompted but you can wait and see.
18:36
Is your LSAT also below median?
TGM
18:37
It’s above median, but I’m applying T6 with unimpressive softs, so even with a good LSAT it’s tough
texaslawhopefully
18:38
Yeah, then I would just wait as long as you can to send it
texaslawhopefully
18:38
For like HLS at least, if you wait till J6 then you may already have a decision
TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
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