Friday, November 29, 2019

CORPORATION AGGREGATE -- DEFINITION:

CORPORATION AGGREGATE -- DEFINITION:

In Halsbury's Laws of England (3rd Edn. Vol 9 P 4) "corporation aggregate7' has been defined as follows:

"A corporation aggregate has been defined as a collection of individuals united into one body under a special denomination, having perpetual succession under an artifical form, and vested by the policy of law with the capacity of acting in several respects as an individual particularly of taking and granting property, of contracting obligations and of suing and being sued, of enjoying privileges and immunities- in common, and of exercising a variety of political rights, more or less extensive according to the design of its institution or the powers conferred upon it, either at the time of its creation or at any subsequent period has only one capacity, namely its corporate capacity, so that a conveyance to a corporation aggregate can only be to it in its corporate capacity".

No comments:

Post a Comment