Which type of corporation can exercise corporate powers indefinitely without government interference?

The correct answer is that a corporation by prescription can exercise corporate powers indefinitely without government interference. In the context of corporate law, a corporation by prescription is recognized due to its long-standing operation and has effectively functioned as a corporation for a prolonged period, often recognized through the principle of prescription or continuous use. This means that the corporation has been operating in a manner consistent with corporate conduct and has acquired the rights to operate as such over time, despite potentially lacking proper incorporation or formal recognition at the outset.

This distinction is crucial because it grants longevity and stability to a corporation that has established itself through actual operations, thus relieving it of immediate government scrutiny or interference once it meets the conditions of prescription. The focus here is on the acknowledgment of the corporation's operation rather than formal establishment.

In contrast, other types of corporations, like de jure corporations, require legal formalities and government acknowledgment from the onset of their existence, while de facto corporations, although recognized under certain conditions, may still face limitations in terms of legality. Corporation by estoppel typically pertains to parties involved in dealings with a corporation that they assumed existed, rather than providing the corporation with indefinite operational powers.