de jure corporation

de jure corporation

n. a corporation in good standing under the law, as compared to a de facto corporation which is acting while not fulfilling legal requirements.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
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Any company fails to become a de jure corporation for any grounds of nullity shall be considered to be subject to the same rule as a de facto company with regards to the period prior to the judgment declaring this nullity.