Probably the most important function of the first organizational meeting of a corporation is drafting the articles of incorporation specifying the nature and purpose of the corporation adopting the corporation bylaws and electing directors chartering the corporation

If a corporation has substantially complied with all the conditions precedent to incorporation, the corporation is said to have de facto existence ultra vires existence de jure existence

When an individual tricks another into believing that a corporation exists, a court may recognize a de jure corporation de facto corporation corporation by estoppel corporation by charter

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