body corporate
Noun
Meaning
A corporation, when viewed as a legal person.
(more generally) A legal person.
(Australia, New Zealand) An organization of individuals that jointly own a shared housing facility such as a condominium or set of townhouses under a community titles scheme.
Synonym: (in some areas) owners corporation
Synonyms
Examples
From such a surrender, the dissolution of the body corporate ensues.”
Since then, the company has a separate body corporate from the State and acquire a financial autonomy.