Corporate personality

John Farrar

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

Abstract

Extract: Section 15 of the Companies Act 1993 provides that a company is a legal entity in its own right, separate from its shareholders, and continues in existence until its removal from the New Zealand Register. Thus a company, once registered, is regarded as a legal person. This is an attribution by the law of fictitious personality to a group of persons providing a fund of capital. This fiction has considerable consequences for rights and duties. It serves a useful economic purpose of facilitating the pooling of investment capital but simplifies legal relations at the expense of common sense and social reality. This creates tensions which need from time to time to be resolved as a matter of justice.
Original languageEnglish
Title of host publicationCompany and Securities Law in New Zealand
EditorsJohn Farrar, Lynne Taylor
Place of PublicationWellington
PublisherBrookers
Pages69-87
Number of pages19
Edition1
ISBN (Print)9780864726179
Publication statusPublished - 2008

Fingerprint

personality
legal entity
human being
capital investment
shareholder
social reality
attribution
New Zealand
justice
act
Law
economics
Group
time

Cite this

Farrar, J. (2008). Corporate personality. In J. Farrar, & L. Taylor (Eds.), Company and Securities Law in New Zealand (1 ed., pp. 69-87). Wellington: Brookers.
Farrar, John. / Corporate personality. Company and Securities Law in New Zealand. editor / John Farrar ; Lynne Taylor. 1. ed. Wellington : Brookers, 2008. pp. 69-87
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Farrar, J 2008, Corporate personality. in J Farrar & L Taylor (eds), Company and Securities Law in New Zealand. 1 edn, Brookers, Wellington, pp. 69-87.

Corporate personality. / Farrar, John.

Company and Securities Law in New Zealand. ed. / John Farrar; Lynne Taylor. 1. ed. Wellington : Brookers, 2008. p. 69-87.

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

TY - CHAP

T1 - Corporate personality

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PY - 2008

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AB - Extract: Section 15 of the Companies Act 1993 provides that a company is a legal entity in its own right, separate from its shareholders, and continues in existence until its removal from the New Zealand Register. Thus a company, once registered, is regarded as a legal person. This is an attribution by the law of fictitious personality to a group of persons providing a fund of capital. This fiction has considerable consequences for rights and duties. It serves a useful economic purpose of facilitating the pooling of investment capital but simplifies legal relations at the expense of common sense and social reality. This creates tensions which need from time to time to be resolved as a matter of justice.

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SN - 9780864726179

SP - 69

EP - 87

BT - Company and Securities Law in New Zealand

A2 - Farrar, John

A2 - Taylor, Lynne

PB - Brookers

CY - Wellington

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Farrar J. Corporate personality. In Farrar J, Taylor L, editors, Company and Securities Law in New Zealand. 1 ed. Wellington: Brookers. 2008. p. 69-87