municipal corporation

municipal corporation. A city, town, or other local political entity formed by charter from the state and having the autonomous authority to administer the state’s local affairs.

— Also termed municipality. Cf. quasi-corporation under CORPORATION. [Cases: Municipal Corporations

1. 1. C.J.S. Municipal Corporations §§ 2–7.]

municipal corporation de facto. A corporation recognized to exist, although it has not fully complied with statutory requirements, when there is (1) a valid law authorizing its incorporation, (2) a colorable and bona fide attempt to organize under that law, and (3) an assumption of powers conferred under that law. [Cases: Municipal Corporations 17. C.J.S. Municipal Corporations § 29.]

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译员Susanne，知名国际商学院金融专业，专注翻译各种与并购诉讼有关的法律文件。