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COLLEGIUM

Categories: Commercial Law

Definition (1910 Edition)

Origin: Civil Law

Lat. In the civil law. A word having various meanings; é. g., aD &ssembly, society, or company; a body of bishops; an army; a class of men. But the principal idea of the word was that of an association of individuals of the same rank and station, or united for the pursuit of some business or enterprise. Sometimes, a corporation, as in the maxim “tres faciunt collegium” (1 Bl. Comm. 469), though the more usual and proper designation of a corporation was “universitas.”
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.