Juridical Dictionary

This dictionary contains:
8526
juridical terms

Veil of incorporation






Veil of incorporation

The veil of incorporation is a the principle that a company has a legal personality and existence which is separated from its members and officers.

RELATED TERMS
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Incorporation
1) This term is frequently confounded, particularly in the old books, with corporation. The distinction between them is this, that by incorporation is understood the act by which a corporation is created; by corporation is meant the body thus created. 2) Civil law. The union of one domain to another.

Company
An association of a number of individuals for the purpose of carrying on some legitimate business.

Legal
That which is according to law. It is used in opposition to equitable, as the legal estate is, in the trustee, the equitable estate in the cestui que trust.

Personality
An abstract of personal. It also signifies what belongs to the person.

Members
English law. Places where a custom-house has been kept of old time, with officers or deputies in attendance; and they are lawful places of exportation or importation.



SIMILAR TERMS
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Veil of incorporation

Voetstoots term
A term used to protect a seller in a contract of sale against defects he does not know about. It means "as it is" or "as it stands."

Voetstoots clause
A clause used to protect a seller in a contract of sale against defects he does not know about. It means "as it is" or "as it stands."

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This dictionary contains 8526 terms.