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1、Gh.S.L.OnlineLawJournal2013Gh.S.L.OnlineLawJournal2013ThePrincipleofSeparateCorporatePersonalityRuthBonniciAcommercialpartnershiphasalegalpersonalitydistinctfromthatofitsmemberormembers,andsuchlegalpersonalityshallcontinueuntilthenameofthecommercialpartnershipisstruckoffAcompanyretainsitsseparat
2、ejuridicalpersonalitythroughtheprocessofliquidationandwindingup,untilthemomentitisstruckofftheRegisterofCompanies.theregister.CompaniesAct,Chapter386oftheLawsofMalta,Article4(4)Thisseparatejuridicalpersonalitycomesintobeinguponregistrationofanewcompanyasoneofthefirstlegaleffectsofregistration.Th
3、epositionasithadbeenundertheCommercialPartnershipsOrdinancehasnotchangedasittoohadexplicitlystatedthatacommercialpartnership‘hasalegalpersonalitydistinctfromthatofitsmembers’.CommercialPartnershipsOrdinance,Chapter168oftheLawsofMalta,Article4(2)Oneshouldnotethatevenbeforethiswasrecognizedsoexpre
4、sslyinthelaw,juridicalpersonalitywasanaturalconsequenceofprinciplesgoverningcommercialpartnershipsasearlyas1908.FilippoFalzonvWilliamWorrington(VOL.XX.iii.80)[1908]AccordingtoLeethegeneralnotionofacorporationasalegalentitydistinctfromitsmembersmayhavealreadybeenfamiliartothelawyersoftheclassical
5、age;RWLee,TheElementsofRomanLaw(4thedn,1956)Siquiduniversitatidebetur,singulisnondebetur;neequoddebetuniversitassingulidebent.Ulpian’s10thBookontheEdict(Dig.3.4.7,1)whichtranslatesto’whatisowedtothecorporationisnotowedtotheindividualmembers,andwhatthecorporationowes,theindividualmembersdonotowe’
6、.Acompany’sseparatepersonalitygivesrisetoimportanteffects.Oneoftheattributesisthatacompany,asseparatefromitsmembers,iscapableof;owningitsownproperty,havingitsownrightsandbeingsubjecttoitsownobligations.Theserights,obligationsandpropertywillvaryfromtherights,obligationsandpropertyofitsmembersaswh
7、atisenjoyedbythecompanyisnotnecessarilyenjoyedbyitsmembersandwhatisbornebythecompanyisnotnecessarilybornebyitsmembers.NCamilleri,‘TheInroadstotheDoctrineoftheSeparateJuridicalPersonalityunderMalteseLaw’(M.A.FinancialServices
