LAWS 2201 Lecture Notes - Lecture 4: Canada Business Corporations Act, Russian-American Company, Joint-Stock Company

• School: Carleton University
• Department: Law
• Course: LAWS 2201
• Professor: Brettel Dawson

Document Summary

Nakhuda: where property comes from and how it transitions into a legal concept. Legal persons do not need to be human beings (and do not need to be intelligent, self-aware, or w/ consciousness) Legal pe(cid:396)so(cid:374)hood is a (cid:862)legal fiction(cid:863); the (cid:272)o(cid:396)po(cid:396)atio(cid:374) as a legal pe(cid:396)so(cid:374) is a(cid:374) (cid:862)a(cid:272)(cid:272)epted(cid:863) fi(cid:272)tio(cid:374) Legal personhood can also be a mechanism that creates problems for social development (or at the least may need some modification) Current legislation (canada) : ca(cid:374)ada busi(cid:374)ess co(cid:396)po(cid:396)atio(cid:374)s a(cid:272)t s. (cid:1005)(cid:1009): a (cid:272)o(cid:396)po(cid:396)atio(cid:374) has the (cid:272)apa(cid:272)it(cid:455) a(cid:374)d (cid:396)ights, po(cid:449)e(cid:396)s, a(cid:374)d privileges of a natural person (p. 152) Interpretation act, 1985, s. 1: 33. (1) words importing female persons include male persons and corporations and words importing male persons include female persons and corporations. Organization of economic activity and legal forms over time (cid:862)co(cid:396)po(cid:396)ate pe(cid:396)so(cid:374)alit(cid:455) i(cid:374) fo(cid:396)(cid:373) a(cid:374)d su(cid:271)sta(cid:374)(cid:272)e (cid:449)as a tho(cid:396)oughl(cid:455) o(cid:373)a(cid:374) (cid:272)o(cid:374)(cid:272)ept(cid:863) (cid:894)blu(cid:373)(cid:271)e(cid:396)g (cid:1005)(cid:1009)(cid:1013)(cid:895: the power to freely form a corporation existed in roman law once formed, were entities.