What are Juristic Persons?
When crafting legislation, it is easy for the language to become heavily encumbered by efforts to specify all the appropriate entities that are to be covered under the law. There was a real need to simplify the process to avoid creating unnecessary confusion when dealing with businesses and other parties that may need to engage in certain legal transactions. For example, the purchase and sale of real estate or the adoption of debts would normally be conducted by persons of established faith and credit.
The concept of a juristic person allows an enterprise or group of people to function in these capacities as if they were one individual. If you are intending to found a new company, it is important for you to understand what actions can be taken and what legal rights are available to your business entity as a juristic person. Contact the Des Moines business lawyers of LaMarca Law Group, P.C., at (877) 327-2600.
Companies and Organizations that May Be So Recognized
Not all groups and organizational subsets are granted this authority by legal precedent or explicit action. A committee within a church’s structure, for example, might not have the ability to claim a legal personality distinct from that of the church itself. The logic behind this is that internal groups are theoretically acting in the interest and on behalf of the larger organization. Some examples that have been accepted as legal personalities include:
- Municipalities (cities, towns, etc.)
- Political Action Committees
- Ships and other Large Watercrafts
To put your company, church, or corporation’s best foot forward you should lean heavily upon experienced legal counsel. Contact the Des Moines business lawyers of LaMarca Law Group, P.C., at (877) 327-2600.