Legal personality and Plenary: Difference between pages

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The essential feature of a company is that it exists as a separate legal entity distinct from its members.  
A plenary meeting or session is one at which all of the members of a group or organisation - or delegates at a conference - can attend.


This is the case even if one member owns all the shares. This is known as the separate personality principle.  This principle underpins the whole of company law.


The most important consequence of the separate personality principle is that of limited liability. The company is liable without limit for its own debts but, in a limited company, the members, as distinct from the company, have limited liability.
==See also==
 
* [[Annual General Meeting]]
== See also ==
* [[Global Economy Meeting]]
* [[Company]]
* [[Primary]]
* [[Legal person]]
* [[Secondary]]
* [[Limited liability]]
* [[Tertiary]]
* [[Separate personality principle]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]

Latest revision as of 06:40, 7 April 2022

A plenary meeting or session is one at which all of the members of a group or organisation - or delegates at a conference - can attend.


See also