legal entity
Definition
Association, corporation, partnership, proprietorship, etc., that has legal standing in the eyes of law. A legal entity has legal capacity to enter into agreements or contracts, assume obligations, incur and pay debts, sue and be sued in its own right, and to be held responsible for its actions.
legal entity is in the Corporate, Commercial, & General Law subject.
legal entity appears in the definitions of the following terms:
pure trust,
limited liability,
charter,
legal rights,
virtual organization,
merger,
primary beneficiary,
common market,
company name,
franchise tax
and
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