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

Question

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A de facto corporation has not substantially met the requirements of the state incorporation statute,but courts nevertheless recognize it as a corporation for most purposes to avoid unfairness to third parties who believed it was properly incorporated.

Which of the Following Terms Refers to a Corporation That