-thumb_big.webp)
Understanding Legal Personality in Nepal’s Civil Code
The concept of legal personality is central to civil law, allowing entities like corporations and institutions to hold rights and obligations separate from their members. Under Nepal’s Muluki Civil Code 2074, legal personality empowers bodies corporate to own property, enter contracts, and be liable independently. Sections 42–53 comprehensively define incorporation procedures, corporate powers, liabilities, and special provisions for merger and conflict of interest. Recognizing legal persons promotes justice, accountability, and efficiency in both public and private sectors. Alpine Law Associates explains how legal personality facilitates modern legal systems and the smooth functioning of Nepalese society.
