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An effective punishment
De Facto Corporation
A corporation that operates in all respects as a corporation despite not having completed the formalities required for legal recognition.
Ultra Vires
Actions or activities conducted by a corporation or its officers that lie beyond the powers granted by its charter or the laws.
Ultra Vires Contract
A contract that exceeds the powers granted to a corporation by its charter or bylaws.
Fourteenth Amendment
An amendment to the US Constitution that grants citizenship and equal civil and legal rights to all persons, including previously enslaved individuals.
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