A Corporation Formed in Substantial Compliance with the Incorporation Statute

question 15

Multiple Choice

A corporation formed in substantial compliance with the incorporation statute and the required organizational procedures is a:

• A) de facto corporation.
• B) de jure corporation.
• C) corporation by estoppel.
• D) private corporation.

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Definitions:

Archaeologist

A professional who studies human history and prehistory through the excavation of sites and the analysis of artifacts and other physical remains.

Burial Ground

A piece of land designated for the burial of the dead, often associated with cultural, religious, or social significance.

Artifacts

Objects made by human beings, typically of cultural or historical interest.

Finder's Keepers

A common adage suggesting that a person who finds something abandoned or lost may claim ownership of it.