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The Federal Reserve Board has all of the following powers EXCEPT the power to
Incorporators
Individuals who sign the articles of incorporation and are involved in the legal process of forming a corporation.
Incorporation Statute
A law that governs the formation, operation, and dissolution of corporations, providing the legal framework for businesses to obtain corporate status.
De Facto Corporation
A corporation that operates like a legally incorporated company, despite not having completed all required incorporation steps, often recognized for legal purposes.
State Government
The government of a specific state in a federal system, responsible for local laws, policies, and management of state-specific issues.
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