Generally, the corporation's separate legal personality — the «corporate veil» — will protect directors and officers for liability arising from actions ostensibly carried out in the corporate name. (gilbertsondavis.com)
Many features of the Scottish limited partnership are attractive to businesses, from its tax transparency to the partnership's distinct legal personality. (legalweek.com)
Our court system is completely different of course and it's worth knowing that Scottish limited partnerships have their own legal personality so they can, themselves, go into formal insolvency. (lawyer-monthly.com)