Article 44
ELI5— what this means for you
Juridical persons (entities with legal personality separate from their members) include: the State and its political subdivisions, corporations, and partnerships. They can own property and sue/be sued in their own name.
Official text — RA 386
The following are juridical persons:
(1) The State and its political subdivisions;
(2) Other corporations, institutions and entities for public interest or purpose, created by law; their personality begins as soon as they have been constituted according to law;
(3) Corporations, partnerships and associations for private interest or purpose to which the law grants a juridical personality, separate and distinct from that of each shareholder, partner or member. (35a)
Source: lawphil.net (RA 386 as amended)
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