A de facto corporation has met the substantial elements of the incorporation process.

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A de jure corporation (literally,a "lawful corporation")has met the substantial elements of the incorporation process.A corporation that has received its certificate of incorporation has met the mandatory statutory provisions and is thus a de jure corporation.Courts usually hold that corporations that make minor errors in the incorporation process still enjoy de jure corporate status.

A De Facto Corporation Has Met the Substantial Elements of the Incorporation