Answers.com > Wiki Answers > Categories > Literature & Language > Languages and Cultures > Translations > Latin to English > What are the characteristics of a 'de facto' corporation?

What are the characteristics of a 'de facto' corporation?

In: Latin to English [Edit categories]

Answer:

The term 'de facto' refers to what actually, in fact is in effect. The term 'de jure' refers to what is supposed to be in effect, in accordance with legal requirements and standards. A corporation that is described as 'de facto' means that it's being run in such a way that its owners and its directors aren't the same as those that are so identified in the legal documents.

First answer by Ginezumi. Last edit by Ginezumi. Contributor trust: 904 [recommend contributor ]. Question popularity: 1 [recommend question].

[report abuse]

Can you answer these Latin to English questions?

	What does term mean in Latin?	Answer it!
	What are west's digest topics?	Answer it!

Relevant answers:

What is De facto corporation?
One that serves a function without being officially or legally established.
What is De jere and what is De facto?
De Jure means as by law and De Facto means as in fact, as there are situations when the legal position does not correspond to the actual situation. The best example is where there is a revolution or...
De jure and De facto sovereignty?
"De jure" means "concerning law" while "de facto" means "concerning fact". A state may be de jure sovereign without being de facto sovereign, because a greater nation maintains economic or political...
De facto and de jure slavery?
De facto means in fact, and de jure means in law. De Jure slavery would refer to legalised slavery. De facto slavery would not be in a legal sense, but would be the situation nonetheless.
What is the characteristic of corporation?
give me the god dawm answer