Which of the following is a corporation that has not substantially met the requirements of the state incorporation statute, but courts recognize it as a corporation for most purposes to avoid unfairness to third parties who believed it was properly incorporated?

Question

Quizplus · Accepted Answer

A de facto corporation is recognized by courts as a corporation despite not having met all legal requirements, to prevent unfairness to third parties who assumed it was properly incorporated.

Which of the Following Is a Corporation That Has Not