Legal Definitions - corporate body

A corporate body is a legal entity that is created by law and has its own separate existence from its owners or members. It can enter into contracts, own property, and sue or be sued in its own name.

• Corporation: A company like Apple or Microsoft is a corporate body. It is a separate legal entity from its shareholders and can conduct business on its own.
• Corporate Books: These are written records of a corporation's activities and business transactions. They include financial statements, meeting minutes, and other important documents.
• Corporate Charter: This is a legal document that establishes a corporation and outlines its purpose, structure, and governance.
• Corporate Citizenship: This refers to a corporation's status in the state where it is incorporated. It is not the same as being a constitutional citizen, but it does give the corporation certain legal rights and protections.

These examples illustrate how a corporate body is a distinct legal entity that can operate independently of its owners or members. This allows corporations to conduct business, enter into contracts, and own property in their own name, which can provide certain advantages and protections.