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Impersonal Personhood: Crafting A Coherent Theory Of The Corporate Entity, Bryan P. Magee
Impersonal Personhood: Crafting A Coherent Theory Of The Corporate Entity, Bryan P. Magee
Cornell Law Review
Corporate legal personhood is a baffling and elusive concept. Are corporations persons and, if so, what does this mean? Ascribing the moniker of "person" to a corporation can conjure up the idea that a corporate entity is entitled to all the natural and legal rights that natural "personhood" entails. This, however, ignores that there are different kinds of "legal person" and that the scope of their respective rights differs based on the purpose of the personhood they are given. This Note posits that the law grants corporations entity-hood primarily to centralize contractual rights and obligations. This purpose, this Note contends, …