De Facto Corporation

Business, Legal & Accounting Glossary

Definition: De Facto Corporation




What is the dictionary definition of De Facto Corporation?

Dictionary Definition


n. a company which operates as if it were a corporation although it has not completed the legal steps to become incorporated (has not filed its articles, for example) or has been dissolved or suspended but continues to function. The court temporarily treats the corporation as if it were legal in order to avoid unfairness to people who thought the corporation was legal.


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https://payrollheaven.com/define/de-facto-corporation/
Modern Language Association (MLA):
De Facto Corporation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 22, 2021 https://payrollheaven.com/define/de-facto-corporation/.
Chicago Manual of Style (CMS):
De Facto Corporation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/de-facto-corporation/ (accessed: September 22, 2021).
American Psychological Association (APA):
De Facto Corporation. PayrollHeaven.com. Retrieved September 22, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/de-facto-corporation/

Definition Sources


Definitions for De Facto Corporation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 0 Views.