juridical person
organization recognized by law as a fictitious person
AI overview
A juridical person is an organization that the law treats as if it were a person, even though it's not a real human being. This matters because it allows groups like companies and nonprofits to own property, sign contracts, and be sued in their own names, just like individuals can.
AI-generated from the Wikipedia summary — may contain errors.
Article
A juridical person is a legal person that is not a natural person but an organization recognized by law as a fictitious person such as a corporation, government agency, non-governmental organization, or international organization (such as the European Union). Other terms include artificial person, corporate person, judicial person, juridical entity, juridic person, or juristic person. A juridical person maintains certain duties and rights as enumerated under relevant laws. The rights and responsibilities of a juridical person are distinct from those of the natural persons constituting it.
Since the beginning of writing at the start of recorded history, associations have been known as the original form of the juridical person. This is documented for the 1st century A.D. for Jewish trading companies. In Roman law, entities gained significance through institutions such as the state, communities, corporations (universitates) and their associations of persons and assets, as well as associations. At least three persons were required in Rome to found an association.