DE JURE CORPORATION
An entity that has fulfilled the requirements for formation in accordance to the regulations of the state charter. It means that the matter of law will indicate the company fully and legally chartered. Therefore it is entitled to do a business.
A government's granting of a charter assumes that the de jure corporation will remain in compliance; however, while unusual, certain circumstances may lead to the revocation of the charter.A de jure corporation is one that is lawfully chartered by a state government, and is recognized as a corporation for all purposes. Du jure is opposed to de facto, which connotes "as a matter of practice not founded on law." A de facto corporation generally acts in good faith but has failed to comply with the technical requirements for becoming a de jure corporation.
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