Origin 1st century
A juridical person is a legal person that is not a natural person but an organization recognized by law as a fictitious person, such as a corporation, government agency, non-governmental organization or international organization; other terms used for the same concept include artificial person, corporate person, judicial person, juridical entity, juridic person and juristic person. A juridical person carries certain duties and rights as enumerated under the relevant laws, and the rights and responsibilities of a juridical person are distinct from those of the natural persons who constitute it. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
Origin Period Core PrincipleAn organization recognized by law as a fictitious person, with rights and responsibilities distinct from the natural persons constituting it. 1 Origin Period
Origin Period (category) Sources
1. Juridical person (Wikipedia)
Lead section, second paragraph
This is documented for the 1st century A.D. for Jewish trading companies.
Lead section, first paragraph
The rights and responsibilities of a juridical person are distinct from those of the natural persons constituting it.
View the SourceJuridical person (Wikipedia)
Frequently Asked Questions
Can an organization such as a corporation hold legal rights and duties of its own?
Yes: the law treats it as a person whose rights and duties are separate from its members.
Yes. A juridical person is an organization that the law recognizes as a fictitious person, such as a corporation, a government agency, a non-governmental organization or an international organization. It carries duties and rights enumerated under the relevant laws, and those rights and responsibilities are distinct from those of the natural persons who constitute it.
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