A legal entity status is a status of the legal entity. There are two possible values of the status: "active" or "inactive". This is not to be confused with the status of the general legal entity identifier registration (see :RegistrationStatus). If a legal entity is related by :successorLegalEntity with other legal entity, then its legal entity status is the last status of the legal entity before this record was superseded. This status is not necessarily the current status of the legal entity.