de facto director


de facto director
A person who acts as a director without having been validly appointed.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • de facto director — A person who usurps the office of a member of a board of directors of a corporation, and exercises the functions of a member of the board, under color of an election or appointment in itself not legal. Hulings v Hulings Lumber Co. 38 W Va 351,… …   Ballentine's law dictionary

  • director — di·rec·tor n 1: the head of an organized group or administrative unit or agency 2: any of a group of persons usu. elected by shareholders and entrusted with the overall control of a corporation ◇ Directors owe a fiduciary duty to the shareholders …   Law dictionary

  • Director of Central Intelligence — The Office of United States Director of Central Intelligence (DCI) was the head of the United States Central Intelligence Agency, the principal intelligence advisor to the President and the National Security Council, and the coordinator of… …   Wikipedia

  • de facto — de fac·to 1 /di fak tō, dā , dē / adv [Medieval Latin, literally, from the fact]: in reality: actually these two constraints have been lifted, one de facto and one de jure Susan Lee de facto 2 adj …   Law dictionary

  • de facto corporation — A corporation in fact, an apparent corporate organization, asserted to be a corporation by its members, and actually acting as such, but lacking the creative fiat of the law an organization with color of law, exercising corporate rights and… …   Ballentine's law dictionary

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