Legal Personality Of Corporations: A Jurisprudential Study On The Legal Status Of Corporations

Dondapati Naga Siva Durgaprasad, Alliance University, Alliance School of Law, Bangalore

ABSTRACT

This study takes a close look at corporations' legal standing with a particular emphasis on the idea of legal personality. The study aims to clarify the theoretical foundations and practical consequences of corporate personality within modern legal frameworks using a critical examination of seminal cases, statutes, and research. The late twelfth century saw the beginning of a thorough medieval debate of corporations by canon and Roman law glossators. The corporation remained a legal notion of critical relevance in later medieval political discourse, despite being adopted, altered, questioned, and improved by Aristotelian philosophy specialists in the arts colleges. Practical issues deriving from collegiate churches particularly challenged canonists. Advocates of conciliar government then applied corporation theory, which was created to make sense of such organizations and the laws governing them, to the relationship between the pope and the universal church. This theory was also crucial to the legal analysis of other communities, such as kingdoms and towns. This research aims to add to the body of knowledge on corporate governance, legal theory, and the changing face of corporate regulation in the global setting by examining the complexities of corporation law and how it intersects with other legal principles. The goal of the study is to improve our understanding of the complex nature of corporate personality in modern legal systems by shedding light on the challenges involved in defining and distinguishing the legal status of corporations through a jurisprudential lens.

Keywords: Corporations, Legal Personality, Roman Law Glossators, Political Discourse, Canonists, Conciliar Government.