THEORIES OF CORPORATE PERSONALITY | JURISPRUDENCE | CORPORATION | LEGAL/ JURISTIC PERSON |
CORPORATE PERSONALITY
The most important juristic person is a corporation.
In all mature system of law the doctrine of corporate personality is fully developed.
Salmond- Corporation is a group or series of persons which by a legal fiction is regarded and treated itself as a person.
A corporation is an artificial person enjoying in law capacity to have rights and duties and holding property.
THEORIES OF CORPORATE PERSONALITY
Jurist have expressed conflicting views regarding the exact nature of corporate personality.
These views find expression through different theories of corporate personality. The theory of corporate personality are-
Fiction Theory
Realist Theory
Bracket Theory
Concession Theory
Purpose Theory
Hohfeld’s Theory
Kelsons’s Theory
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