Latin for a corporation in fact, that it is duly and properly organized, registered and recognized under law.
Related Legal Terms & Definitions
- DE FACTO CORPORATION A corporation in fact. A company that hasn't completed all of the steps that are…
- DE JURE CORPORATION This is a duly formed corporation that exists as a matter of law.
- DE JURE DIRECTOR A party that is duly and properly appointed as a directed under the bylaws of…
- S CORPORATION The name used to describe a common type of for-profit corporation that is organized under…
- STOCK CERTIFICATE A printed document that represents proof of ownership of shares of stock of a corporation.…
- ULTRA VIRES Latin meaning act without authority or literally beyond powers. This term is frequently used in…
- CLOSELY HELD CORPORATION A corporation where the stock is held by a small number of shareholders and not…
- CORPORATION DE FACTO One existing under color of law and in pursuance of an effort made in good…