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    Dynamic Business Law Study Set 1
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    Exam 22: Corporations: Formation and Organization
  5. Question
    A De Facto Corporation Has Not Substantially Met the Requirements
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A De Facto Corporation Has Not Substantially Met the Requirements

Question 48

Question 48

True/False

A de facto corporation has not substantially met the requirements of the state incorporation statute,and as a result,courts do not recognize it as a corporation for most purposes.

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