![]() ![]() Salomon also received mortgage bonds as partial payment from the company for the company. In addition, shareholders cannot be held responsible for any of the company`s shares. Shareholders are “not” the owners of the property owned by the company. He can sue and can be sued by others in court. This means that a public limited company can own property, conclude contracts and carry out all legal transactions in its “own” name. As an artificial person, a public company has its own personality and existence that is independent of its investors. ![]() A shareholder is only required to pay his own share in the company. Since the company has an independent legal entity and is recognized as an artificial person that exists in the eyes of the law, its debts are its own, for which the shareholders cannot be held liable under normal circumstances. Because of these physical disabilities, a company is called an artificial person. She has no body, no soul, no consciousness, no subject to the fools of the body. ![]()
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February 2023
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