Highlight two ways in which a legal person can be created
Ways in which a legal person can be created
Registration:
This is a process if incorporation provided by the Companies Act.
It is evidenced by a certificate of Incorporation which is the ‘birth certificate’ of the corporation. Corporations created by registration are Public and Private Companies. • . .
Statute:
Acts of parliament often create legal persons known as parastatals or state corporations. The corporation owes its existence to the Act of Parliament, e.g. KASNEB, KWS
Charter:
Under the Universities Act, when a private university is granted by charter, by the relevant authority it becomes a legal person of discharging its powers and obligations, e.g. private universities in Kenya.
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