color of apparent organization

color of apparent organization. The appearance of corporate authority, including the assumption and exercise of corporate functions in good faith, even though the corporation’s organizers did not fully or substantially comply with the terms of the corporate charter or the statutory requirements for incorporation. See de facto corporation under CORPORATION.

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词条贡献者

法律翻译徐玲，知名法学院保险法专业，专注翻译各类与保险追偿有关的法律文件。