Quote:
Originally Posted by The Colonel
I too understood that a Corporation was a person in law, but that may be a specific definition for a specific context.
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Well, in the United States and the United Kingdom that seems to be true. Though it's mainly a way of conceptualizing various legal assumptions: That a corporation exists perpetually, that it's not destroyed when one of the original founders withdraws, that it can own property and enter into contracts, and that its shareholders are not legally liable for its actions, among others.