body corporate noun3 •A corporation, when viewed as a legal person.A body corporate is the holding body corporate of another if that other body corporate is its subsidiary. — 2016 •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.Rules governing the behaviour of residents or tenants are set in two ways: by legislation and by the body corporate creating its own rules of management. — 2011 formsbodies corporate · body corporates