De jure corporation,
Definition of De jure corporation:
Fully formed incorporated company, recognized in law as a corporation for all purposes.
A de jure corporation is a fully incorporated company. To be considered de jure, the company must have fulfilled all of the statutory requirements for properly forming a corporation. An entity gains many advantages from becoming a corporation such as easier access to capital and limited liability.
De jure, meaning "a matter of law," indicates that a corporation is a valid legal entity and entitled to hold regular board of director’s meetings, issue stock to shareholders, and conduct business.
How to use De jure corporation in a sentence?
- In some cases, a company might fail to meet all of the statutory requirements but might be awarded de facto protection.
- A company might receive Estoppel protection if it has been doing business with a firm that has assumed it is a de jure company. The assuming firm cannot then later challenge the corporate status of the firm with which it has been doing business.
- A de jure corporation has fulfilled all the statutory requirements to be a valid legal entity with limited liability protection.
Meaning of De jure corporation & De jure corporation Definition