Natural Person

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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.

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The information is required to be obtained and maintained irrespective of the number of levels of ownership pattern, until the natural person exercising ultimate ownership or control and lying at the end of the ownership chain, is revealed.
The information must be obtained and maintained irrespective of the number of levels of ownership pattern until the natural person exercising ultimate ownership or control and lying at the end of the ownership chain is revealed.
The legislative change to the law on bankruptcy and restructuring was absolutely crucial for natural persons, Eva Kovaacute#269echovaacute, head of the Legal Aid Centre, told The Slovak Spectator, adding that the new rules enabled more people to apply for personal bankruptcy.e: How did the selection of judges change?
Vilnius: Having considered both the common practice of commercial banks and other credit institutions to require that a business loan is warranted by the owners of the business it is extended to or other natural persons, and the risk posed by such a practice, the Bank of Lithuania has prepared and is submitting for a public debate its proposals on how to improve the regulation of such personal guarantee measures.
CBE decided Tuesday to remove caps on deposits and withdrawals of foreign currencies for natural persons.
6707A(b) prescribed stated dollar amounts for these penalties (for reportable transactions, $10,000 in the case of a natural person and $50,000 in any other case; for listed transactions, $100,000 for natural persons and $200,000 otherwise).
One or more shareholders are required, which can be legal or natural persons. There are no restrictions on nationality*.
Ruling party GERB (Citizens for European Development of Bulgaria) has proposed the introduction of an absolute limitation period of ten years for debts of natural persons.
The Policy provides coverage only for the activities of those workers who are natural persons. If all potential "employees" were natural persons, however, such a provision would be superfluous.
The legal paradoxes in this section assume the real existence of geopolitical entities and natural persons. The paradoxes include Aristotelian essence of an entity, relative identity over time, ubiquitous authority, coinciding authorities, and identical entities.
As regards floor area, the shares of natural and legal persons in new investment about the sameIn 2012, natural persons completed almost 3,500 buildings with almost 1.0 million square metres of floor area, while legal persons completed almost 680 buildings with the total floor area of almost 820,000 square metres.