natural person

A natural person is a living human being. Legal systems can attach rights and duties to natural persons without their express consent .

The concept of a natural person appears in business law and bankruptcy law , where it provides a contrast with an artificial person or a legal person which is an entity that is treated as a person for legal purposes. While natural person describes an actual human being, artificial person describes a partnership , corporation , or some other entity that has been provided with legal personhood by statute .

[Last reviewed in July of 2023 by the Wex Definitions Team ]

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