Last Updated
:2025/11/21
de facto corporation
Noun
Japanese Meaning
(法律用語)法で定められた株式会社設立の全要件を完全には満たしていないが、特定の法的目的のために株式会社として扱われる事業体。 / (法律用語)形式上の条件は整っていなくても、特定の状況下で実質的に株式会社と認識される企業形態。
( plural )
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(law) A business entity that is treated as a corporation for certain purposes despite its failure to meet all of the formal requirements imposed by law for a corporation to exist.
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de facto corporation
After years of informal operations and shared ownership, the business was recognized by the court as a de facto corporation for the purposes of liability.
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After years of informal operations and shared ownership, the business was recognized by the court as a de facto corporation for the purposes of liability.
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