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A de facto regulation may be followed by an organization as a result of the market size of the jurisdiction imposing the regulation as a proportion of the overall market; wherein the market share is so large that it results in the organization choosing to comply by implementing one standard of business with respect to the given de facto law ...
A de facto relationship is defined as a relationship between two persons living as a couple, who are not married or in a civil union. This applies to both heterosexual and same sex couples. [ 46 ] Since 2013, same-sex marriage is legally recognised and performed within New Zealand.
Common-law marriage, also known as non-ceremonial marriage, [1] [2] sui iuris marriage, informal marriage, de facto marriage, more uxorio or marriage by habit and repute, is a marriage that results from the parties' agreement to consider themselves married, followed by cohabitation, rather than through a statutorily defined process.
The two main consequences of allowing separate personality are that one partnership will be able to become a partner in another partnership in the same way that a registered company can, and a partnership will not be bound by the doctrine of ultra vires but will have unlimited legal capacity like any other natural person.
These are de facto domestic partnerships that protect both parties and allow for shared property and court recognition of their relationships. [28] [29] Additionally sometimes adult adoption by gay couples creates a de jure domestic partnership in all 50 states. [30]
Cohabitation, sometimes called de facto marriage, is becoming a more common substitute for conventional marriage. [ citation needed ] Common-law marriage in the United States can still be contracted in nine US states, and in two others under restriction.
The de facto merger doctrine states that courts will look to substance over form when determining whether statutory merger law applies to a company's shareholders.Thus, where an asset acquisition leads to the same result as a statutory merger, these jurisdictions demand that shareholders are given the same rights as in the statutory merger.
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.