Question

explain artificial person and perpetual succession as features of joiny stock company​

Answer 1

Answer:

It is true that joint stock company is an artificial person created by law. Company has a separate legal entity and have an existence in the eyes of law. It can purchase and sell property or rights in its own name and have a perpetual succession.

Answer 2

Explanation:

Haney. Thus, a company may be defined as "an incorporated association which is an artificial -person created by law, having a separate entity, with a perpetual succession, a common seal, capital divided into transferable shares and carrying limited liability."