Friday, November 29, 2019

CORPORATION

Halsbury's Law of England:

"A corporation may be created by the authority of Parliament, expressed either in a special statute creating a particular corporation of Corporations, or in a general statute.

Under which any number of corporations may be created on complying with its terms. To constitute creation, however, it is not necessary that any particular form of words should be used in the statute; it Is sufficient if the intent to incorporate be evident. Where by an ancient statute a body of persons is empowered to sue and be sued by a special name, it is strong evidence that they constitute a corporation. Where a number of persons are so constituted by Act of Parliament that they have perpetual succession, are to continue for all time, take land, make contracts which shall be binding, not upon themselves, but upon the persons filling office, and are authorised to sue or be sued in the name of their treasurer, they are in the nature of a corporation aggregate at least for the purposes of the Act."

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