If a group of people act as if they are a corporation when in fact and in law they are not, they have the right to deny that the corporation exists.

Question

Quizplus · Accepted Answer

No, as strange as it may seem, when a group of people never intends to incorporate, but acts like a corporation to such an extent, they create a corporation by estoppel. That means if a third party relies on these actions, the "incorporators" will not be allowed to deny the corporation exists.

If a Group of People Act as If They Are