Examlex
The "But for" test:
Classifications of Corporations
The categorization of corporations based on certain criteria, such as purpose, ownership, and operational scope, including public, private, and non-profit corporations.
Revised Model Act
A updated legal model or framework designed to guide the development of specific legislation or regulatory standards.
Incorporated
The process of legally declaring a corporate entity as separate from its owners, providing legal protections and allowing for the raising of capital.
De Facto Corporation
A corporation that operates in all respects as a corporation despite not having completed the formalities required for legal recognition.
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