Quote:
Originally Posted by jason taylor
I thought a corporation was any organization that can be treated as a person by a legal fiction and was capable of owning property, sueing, being sued, making contracts; it probably cannot commit felony as felony involves non-monetary penalties(RICO prosecutes individuals).
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That legal fiction certainly is part of the American definition, and to some degree of European ones. But I've seen anthropologists use the word for organizations with continuing existence in societies that don't have such a fiction. This could be viewed as a generalization of the American concept, I suppose.