Corporation sole - types of corporations, Business Law and Ethics

Corporation Sole - Types of Corporations

However this is a legal office that is occupied through one human being only at any one time. Whether the person ceases to occupy the office that he is succeeded through another person that who will then discharge the duties and exercise the powers of the office.  Conversely it is a legal person into perpetual succession capacity to sue or be sued. Like an Example are owning of limited liability and property.

Examples are like:

The Public Trustee

Further the Public Trustee Act, S.27 (1) states such 'the Public Trustee shall be a corporation sole through the name of Public Trustee'.

Permanent Secretary to the Treasury of US

Further for this section 2(1) of Permanent Secretary to Treasury as Incorporation Act states that like "the officer for the time being discharging the duties of the Permanent Secretary for the Treasury of US and his successors in office that shall be a body corporate".  Therefore it should be noted like such the Constitution of US that created the office of the President of US does not have a provision such the office of President shall be a body corporate.

Posted Date: 1/22/2013 12:40:14 AM | Location : United States







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