Definitions for legal entity
le·gal en·ti·ty

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1. legal entitynoun

   An organization such as a company or trust fund that the law treats as if it were a person, capable of entering into contracts and of being sued.

WikipediaRate this definition:0.0 / 0 votes

1. legal entity

   In law, a legal person is any person or 'thing' (less ambiguously, any legal entity) that can do the things a human person is usually able to do in law – such as enter into contracts, sue and be sued, own property, and so on. The reason for the term "legal person" is that some legal persons are not people: companies and corporations are "persons" legally speaking (they can legally do most of the things an ordinary person can do), but they are not people in a literal sense (human beings). There are therefore two kinds of legal entities: human and non-human. In law, a human person is called a natural person (sometimes also a physical person), and a non-human person is called a juridical person (sometimes also a juridic, juristic, artificial, legal, or fictitious person, Latin: persona ficta). Juridical persons are entities such as corporations, firms (in some jurisdictions), and many government agencies. They are treated in law as if they were persons.While natural persons acquire legal personality "naturally", simply by being born (or before that, in some jurisdictions), juridical persons must have legal personality conferred on them by some "unnatural", legal process, and it is for this reason that they are sometimes called "artificial" persons. In the most common case (incorporating a business), legal personality is usually acquired by registration with a government agency set up for the purpose. In other cases it may be by primary legislation: an example is the Charity Commission in the UK. The United Nations Sustainable Development Goal 16 advocates for the provision of legal identity for all, including birth registration by 2030 as part of the 2030 Agenda.As legal personality is a prerequisite to legal capacity (the ability of any legal person to amend – i.e. enter into, transfer, etc. – rights and obligations), it is a prerequisite for an international organization to be able to sign international treaties in its own name. The term "legal person" can be ambiguous because it is often used as a synonym of terms that refer only to non-human legal entities, specifically in contradistinction to "natural person".

How to pronounce legal entity?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say legal entity in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of legal entity in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of legal entity in Pythagorean Numerology is: 4

Examples of legal entity in a Sentence

1. National Oil Corp:

   Regardless of the continuing challenges on various levels, NOC will remain independent, as the sole legal entity to represent and act on behalf of the Libyan oil and gas sector, NOC will continue the sound partnerships with international oil companies.

2. European Securities and Markets Authority:

   On 30 March 2019, firms must have a fully authorized legal entity located in the EU27 to continue providing services in the EU27.

3. Sukrit Vijayakar:

   The move increases the risk that Libyan oil output will be shut in as the NOC in Tripoli is the only legal entity with the right to sell oil.

4. Ilya Novikov:

   It is quite an expected decision after yesterday's [ decision of the Supreme Court to shut down Memorial International ]. We did not have any illusions about the hearing today, but it is crucial that those persecutions did not discourage people and I think will not make people to stop their human rights work. The legal entity can be liquidated but the work remains and people remain.

5. Executive Anand Kripalu:

   Let's be very very clear. Mr Mallya may move to London. This is UBHL which is a legal entity here in India and this is a loan agreement between USL and UBHL. UBHL is not going to London, therefore quite clearly we are reserving the right to pursue, we've started pursuing and we'll continue to pursue,... and this no way compromises our position on that.

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Legal_Entity
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Legal_Entity