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Body corporate - definition of Body corporate in Encyclopedia (109 words) |
 | A body corporate is the English legal term for a corporation. |
| A body corporate can be either a corporation sole (consisting of a single person) or a corporation aggregate (consisting of two or more persons). |
| The UK Crown is an example of a corporation sole, whereas J Sainsbury plc is an example of a corporation aggregate. |
| Chapter Coroner <i>to</i> Corpuscularian of C by Webster's Dictionary (1913 Edition) (303 words) |
| A body politic or corporate, formed and authorized by law to act as a single person, and endowed by law with the capacity of succession; a society having the capacity of transacting business as an individual. |
| Corporations aggregate consist of two or more persons united in a society, which is preserved by a succession of members, either forever or till the corporation is dissolved by the power that formed it, by the death of all its members, by surrender of its charter or franchises, or by forfeiture. |
| Corporations are sometimes classified as public and private; public being convertible with municipal, and private corporations being all corporations not municipal. |
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