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Veil of incorporation
Veil of incorporationThe 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-------------------------------------- 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-------------------------------------- PREVIOUS AND NEXT TERMS-------------------------------------- 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." We thank you for using the Juridical Dictionary to search for Veil of incorporation. If you have a better definition for Veil of incorporation than the one presented here, please let us know by making use of the suggest a term option. This definition of Veil of incorporation may be disputed by other professionals. Our attempt is to provide easy definitions on Veil of incorporation and any other medical topic for the public at large.
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