Fiction theory is supported by :
Savigny
The Fiction Theory of corporate personality was propounded by Friedrich Karl von Savigny, the founder of the Historical School, and later developed by Salmond and Coke. According to this theory, only human beings can properly be considered as persons; a corporation or a group is a purely artificial or fictitious person created by the operation of law for convenience. Savigny argued that juristic personality is a legal fiction because rights and duties really vest in the members, and the group is treated as a person merely to facilitate legal transactions. This theory is contrasted with the Realist theory (Gierke, Maitland) and Bracket theory (Ihering). Therefore, the fiction theory of corporate personality is chiefly associated with Savigny.
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