Excerpt from Private Corporations: This Treatise on Private Corporations Is Taken From Volume VIII of a Series of Non-Technical Law Books Entitled "American Law and Procedure", Published by La Salle Extension University (Classic Reprint)
This view is that the corporation has a personality s'e'reul as that of the state; that in law a person is any thing that is a distinct subject of rights and liabilities. Juristic persons are no more fictitious than, say, the conception of ownership is fictitious. In the eye of the law they are in the fullest sense persons, that is, subjects of legal rights and duties, and to that extent 'real,' as far as modern law is concerned.