De Jure Corporation Legal Meaning and Definition

Here is a simplified definition of the legal term De Jure Corporation.

De Jure Corporation (noun)

A 'De Jure Corporation' is a business entity that has met all the legal standards and requirements to be recognized as a formal corporation according to the law. In contrast to a 'de facto corporation' that operates like a corporation but hasn't fulfilled all the necessary legal obligations. The 'De Jure Corporation's' operations and status are legitimate, valid and entirely in compliance with the rule of law.