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De Corporation Form

De Corporation Form

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Instructions and help about De Corporation

de facto corporation versus corporation by estoppel a de facto corporation is one that is organized with tolerable compliance with the requirements of incorporation under the law and allowed to exist and exercise the powers of a corporation until its corporate existence is assailed by the state in a covarant proceeding a de facto corporation has all the powers and authority over the jury corporation until it is ousted of its corporate existence its existence cannot be assailed collaterally in a private suit but only in a co-oriental proceeding thus if a collection suit is initiated by a de facto corporation a motion to dismiss filed on the ground that the corporation has no power to sue should not prosper a de facto corporation like a jewelry corporation may sue the existence of such de facto corporation cannot be questioned in a collateral proceeding like a collection suit a de facto corporation has the following elements number one existence of a valid law under which it may be incor

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