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A company has a separate legal personality from its members. Upon incorporation, it can enter into contracts, own property, and sue or be sued in its own name. Key characteristics include:
1) A company's personality and assets are separate from its members, who have limited liability and cannot be pursued for company debts.
2) Members' liability is limited to the nominal value of shares they hold.
3) A company has perpetual succession and is unaffected by changes to its membership.
A company has a separate legal personality from its members. Upon incorporation, it can enter into contracts, own property, and sue or be sued in its own name. Key characteristics include:
1) A company's personality and assets are separate from its members, who have limited liability and cannot be pursued for company debts.
2) Members' liability is limited to the nominal value of shares they hold.
3) A company has perpetual succession and is unaffected by changes to its membership.
Copyright:
Attribution Non-Commercial (BY-NC)
Formati disponibili
Scarica in formato PDF, TXT o leggi online su Scribd
A company has a separate legal personality from its members. Upon incorporation, it can enter into contracts, own property, and sue or be sued in its own name. Key characteristics include:
1) A company's personality and assets are separate from its members, who have limited liability and cannot be pursued for company debts.
2) Members' liability is limited to the nominal value of shares they hold.
3) A company has perpetual succession and is unaffected by changes to its membership.
Copyright:
Attribution Non-Commercial (BY-NC)
Formati disponibili
Scarica in formato PDF, TXT o leggi online su Scribd