A corporation is a succession or collection of persons having at law an existence, rights and duties, separate and distinct from those of the persons who are from time to time its members.
DISTINGUISHING FEATURES
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- It is a person at law: This means it is an artificial legal entity and not a natural person. In some circumstances, this may prevent it from making a successful claim for harm inflicted upon it (see DPP v Dziurzynski)
- It has perpetual succession: It’s existence is maintained by the constant successive of new persons who replace those who die or are in some other way removed.
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