Connecticut Approval of amendment to articles of incorporation to permit certain uses of distributions from capital surplus
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How to fill out Approval Of Amendment To Articles Of Incorporation To Permit Certain Uses Of Distributions From Capital Surplus?
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FAQ
De facto corporation refers to the legal recognition of a corporation, even if the articles of incorporation for a corporation are not properly filed.
Section 33-920. - Authority to transact business required. (a) A foreign corporation, other than an insurance, surety or indemnity company, may not transact business in this state until it obtains a certificate of authority from the Secretary of the State.
De facto comes from a Latin phrase meaning ?in reality or as a matter of fact.? In legal contexts, de facto describes what really happens, in contrast with de jure, which explains what the law says should happen.
Another common definition of a de facto corporation is a company that has not completed the incorporation process but is doing business as if it were a legal corporation. De facto corporations can also be companies that have been suspended or dissolved but have not ceased operations.
A de facto corporation exists when steps are taken to incorporate the enterprise, but the corporation did not comply with every aspect of the applicable statutes. The corporation will not be protected against a challenge by the state in a quo warranto proceeding, but will be protected against third parties.
Ownership certificates are issued to the owners of a company to formally document their ownership of the company. Types of ownership certificates include: Stock certificates. Stock certificates are issued to a corporation's shareholders to designate their ownership.
Articles of Incorporation refers to the highest governing document in a corporation. It is also known known as the corporate charter. The Articles of Incorporation generally include the purpose of the corporation, the type and number of shares, and the process of electing a board of directors.
De facto may also be used in situations where no official law (de jure) exists. A notable example is a language widely spoken in a country and used by the government to conduct business though the country has no official language; e.g., English is the de facto official language of the United States.
Incorporators are those stockholders or members mentioned in the Articles of Incorporation as originally forming and composing the corporation, and who are signatories thereof.
The names and addresses of the incorporators are not included in the Articles of Incorporation. One or more persons may form a corporation.