| gen. |
corporation by estoppel (De facto corporation and corporation by estoppel are both terms that are used by courts in most common law jurisdictions to describe circumstances in which a business organization that has failed to become a de jure corporation (a corporation by law) will nonetheless be treated as a corporation, thereby shielding shareholders from liability. WK Alexander Demidov); corporate estoppel (Hill argued that the doctrine of corporate estoppel should apply, if the court did not find a de facto corporation, citing Cranson v. I.B.M. Corp. | the Court of Appeals summarized the corporate estoppel doctrine. "Where a body assumes to be a corporation and acts under a particular name, a third party dealing with it under such assumed name is estopped to deny its corporate existence." | The doctrine of corporate estoppel historically has been accorded a relatively limited application in this state. Alexander Demidov) |
