Fiction Theory of Corporate Personality
- Theory
- Fiction Theory of Corporate Personality
- Jurist
- Friedrich Carl von Savigny
- Description
Holds that a corporation has no real personality of its own; its legal personality is an artificial fiction created and attributed by the State/law for convenience, distinct from its members. It builds on the idea that only human beings are real persons, and argues against the Realist (organic) theory which treats corporations as having a genuine existence.