Which of the following is true in respect of a joint stock company ?

It is an artificial legal person

A joint stock company is considered an artificial legal person, separate from its shareholders. This legal concept grants the company the ability to own property, enter into contracts, sue or be sued, and engage in various legal activities, just like a natural person. This concept of separate legal personality is a fundamental characteristic of a joint stock company and is often referred to as the "veil of incorporation."