A corporation that exists in fact,though it has not met all of the necessary legal requirements is called a _____.

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A de facto corporation is a corporation that has not completely fulfilled all legal requirements but is treated as a corporation for certain purposes. It is recognized by the state government as a corporation, even though it has not fully complied with all the statutory requirements. This may happen due to defects in incorporation, or non-compliance with the legal requirements of formation, such as failure to file necessary documents, appointment of officers, calling meetings, etc.

A Corporation That Exists in Fact,though It Has Not Met