Natural Person


Also found in: Dictionary, Legal, Financial, Wikipedia.
Related to Natural Person: Legal person

Natural Person

 

a term used in the legislation of many countries to designate a person having civil rights and duties. The natural person is contrasted with the legal person, an organization having civil rights and obligations. Soviet civil legislation does not employ the term “natural person,” substituting the word “citizen.” To participate in legal relationships a citizen must have formal legal capacity.

References in periodicals archive ?
In Romanian law, the natural person has full legal capacity to exercise rights, namely the aptitude to conclude civil legal acts by oneself when the person comes of age, i.
Under early English feudalism, there was no need to distinguish between the monarch as a natural person and legal entity.
As previously mentioned, a natural person is a human who possesses rights and duties.
6 in which the municipality has been given the powers of a natural person.
48) A $50,000 threshold applies where substantially all the tax benefits from the RT are provided to natural persons.
78u-2(b)(3) -- $120,000 for a natural person and $575,000 for any other person.
in the circumstances foreseen in letter (c) of article 9 of the Transparency Law, the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;
That may be a bit easier nowadays, mainly because few natural person credit unions maintain multiple corporate relationships as many did a half dozen years ago, he added.
According to this Review, the consumer contract is a contract on the acquisition of goods or services concluded between a natural person (consumer) and a person who sells such goods or services (supplier) for the purposes not related to the consumer's commercial or professional activities, i.
Under local law, only a natural person may be a director of the client company; because of limitations contained in the partnership's professional liability insurance coverage, only lawyers other than the one serving on the client's board could provide legal advice on board actions.
She is a very natural person, very warm, considerate and friendly.
At the time of filing its first pleading, motion, or other paper, each party that is not a governmental entity or natural person shall file (as a separate document) a certificate of interested persons that contains a complete list in alphabetical order of all persons, associations of persons, firms, partnerships, or corporations that have an interest in the outcome of the particular case, including subsidiaries, affiliates, parent corporations, and other identifiable legal entities related to a party.