Juristic person in the context of "Besloten vennootschap"

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⭐ Core Definition: Juristic person

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 organisation, 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.

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👉 Juristic person in the context of Besloten vennootschap

A besloten vennootschap (Dutch pronunciation: [bəˈsloːtə(ɱ) ˈvɛnoːtsxɑp], lit. "private partnership"; besloten vennootschap met beperkte aansprakelijkheid, lit.'closed company with limited liability', abbr. bv) or société à responsabilité limitée (SRL) is the Dutch and Belgian version of a private limited liability company. The company is owned by shareholders; the company's shares are privately registered and not freely transferable. It is the most common form of limited company in the Netherlands and Belgium.

A Dutch bv may be created by one or more individuals or legal entities, Dutch or foreign, with a minimum paid in capital of 1. A notarized deed of incorporation is executed and filed. The deed must be in Dutch. It must contain details of the incorporators, and of the initial Members of the Board, their amounts of participation and payments of initial capital. The deed also contains the Articles of Association, consisting of at least:

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Juristic person in the context of Districts of Switzerland

Districts of Switzerland are a political subdivision for cantons. In the federally constituted Switzerland, each canton is completely free to decide its own internal organisation. Therefore, there exists a variety of structures and terminology for the subnational entities between canton and municipality, loosely termed districts. Most cantons are divided into Bezirke (German for districts, singular Bezirk). They are also termed Ämter (Lucerne, singular Amt), Amtsbezirke (Bern, Amtsbezirk), district (in French) or distretto (Ticino and part of Graubünden). The Bezirke generally provide only administration and court organization. However, for historical reasons districts in cantons Grisons and Schwyz are their own legal entities with jurisdiction over tax and often have their own Landsgemeinde.

Seven of the 26 cantons – Uri, Obwalden, Nidwalden, Glarus, Zug, Basel-City and Geneva – have always existed without the district level of government. An eighth one, Appenzell Innerrhoden, uses no intermediate level either, but calls its lowest-level subdivisions Bezirke, although they are functionally equivalent to municipalities elsewhere.

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Juristic person in the context of Registered office

A registered office is the official address of an incorporated company, association or any other legal entity. Generally it will form part of the public record and is required in most countries where the registered organization or legal entity is incorporated. A registered physical office address is required for incorporated organizations to receive official correspondence and formal notices from government departments, investors, banks, shareholders, and the public.

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Juristic person in the context of Landlord

A landlord is the owner of property such as a farm, house, apartment, condominium, land, or real estate that is rented or leased to an individual or business, known as a tenant (also called a lessee or renter). The term landlord applies when a juristic person occupies this position. Alternative terms include lessor and owner. For female property owners, the term landlady may be used. In the United Kingdom, the manager of a pub, officially a licensed victualler, is also referred to as the landlord/landlady. In political economy, landlord specifically refers to someone who owns natural resources (such as land, excluding buildings) from which they derive economic rent, a form of passive income.

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Juristic person in the context of Public institution (United States)

A public institution is a juristic person in the United States which is backed through public funds and controlled by the state. Typically a public institution will have a board of trustees who govern the institution and the members of the board are public officials who are appointed by the state (typically a person in the executive branch such as a state governor) for a fixed term of years. When public institutions are created, they lead to many other establishments such as new laws.

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Juristic person in the context of Counterparty

A counterparty (sometimes contraparty) is a legal entity, unincorporated entity, or collection of entities to which an exposure of financial risk may exist. The word became widely used in the 1980s, particularly at the time of the Basel I deliberations in 1988.

Well-drafted contracts usually attempt to spell out in explicit detail what each counterparty's rights and obligations are in every conceivable circumstance, though there are limits. There are general provisions for how counterparties are treated under the law, and (at least in common law legal systems) there are many legal precedents that shape the common law.

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Juristic person in the context of Russian Civil Code

The Civil Code of the Russian Federation (Russian: Гражданский кодекс Российской Федерации, frequently abbreviated 'ГК РФ') is the prime source of civil law for the Russian Federation. The Russian Civil Law system descended from Roman Law through Byzantine tradition. It was heavily influenced by German and Dutch norms in the 18th and 19th centuries. Socialist-style modifications took place during the Soviet period (1922–1991) and Continental European Law influences since the 1990s.

The Civil Code of the Russian Federation came into force in four parts. The first part, which deals with general provisions (i.e. defines sources, names legal entities etc.) was enacted by the State Duma in 1994 and entered into force in 1995. The second part (dealing with the Law of obligations) entered into force in 1996. The third part (Succession law) entered into force in 2002. The document has certain basic principles: equality of all participants guaranteed by civil law, inviolability of private property, freedom of contract, free exercise of civil rights and juridical protection of civil rights.

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