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Home / Opinion Digests / Business Law / Corporation – Corporation By Estoppel – Swimming Pool Loan (access required)

Corporation – Corporation By Estoppel – Swimming Pool Loan (access required)

Although the Community Youth Center ceased existence in 2000, it continued to function as a corporation, and applying the doctrine of corporation by estoppel, a Greensville County Circuit Court says three corporate officers had the authority to borrow money from a bank in 2005 to build a swimming pool at the community center, and the ...

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