Body corporate

Body corporate

In English Law (and as a result, throughout the Commonwealth Realms), body corporate is the legal term for a corporation. It is distinct from a natural person, although it has many of the same legal rights.

A body corporate can be either a corporation sole (consisting of a single person) or a corporation aggregate (consisting of two or more persons). The British Crown is an example of a corporation sole, whereas J Sainsbury plc is an example of a corporation aggregate.

Australia

In Australia, the term "body corporate" also refers to a home owners association in Australia charged with the administration of one or more housing units. These associations are incorporated under the relevant property legislation, and thus are bodies corporate in the legal sense. Owners pay a monthly fee to provide for common maintenance and help cover future repair. [ cite web|url=http://www.liv.asn.au/public/legalinfo/property/property-Bodies.html|title=Law Institute of Victoria - Property Law - Bodies Corporate |accessdate=2007-02-13 |publisher=Law Institute of Victoria Limited ] [ cite web| url=http://www.dtftwid.qld.gov.au/_Documents/BCCM-Fact+Sheets/Body+corporate+an+introduction.pdf | title=The Body Corporate - An Introduction | accessdate=2007-02-13 |date=2006 | format=PDF |publisher=State of Queensland (Department of Tourism, Fair Trading and Wine Industry Development) |archiveurl=http://web.archive.org/web/20060918101206/http://www.dtftwid.qld.gov.au/_Documents/BCCM-Fact+Sheets/Body+corporate+an+introduction.pdf|archivedate=2006-09-18]

In the State of Victoria, the new Owners Corporations Act (Act No.: 69/2006) will come into effect from 31 December 2007, replacing the term "body corporate" with "owners corporation". [cite web|url=http://www.bodycorp.org/pdfs/Owners_Corporations_Act_2006.pdf|title=Owners Corporations Act 2006 (Victoria)|accessdate=2007-03-07]

Notes


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Look at other dictionaries:

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  • body corporate — n. Law a corporation …   English World dictionary

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  • body corporate — noun (plural bodies corporate) : corporation …   Useful english dictionary

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  • body corporate — noun Date: 15th century corporation …   New Collegiate Dictionary

  • body corporate — Law. a person, association, or group of persons legally incorporated; corporation. [1490 1500] * * * …   Universalium

  • body corporate — noun formal term for corporation …   English new terms dictionary

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