Under the Revised Act, the filing of the articles of incorporation by the Secretary of State is conclusive proof that the incorporators have satisfied all conditions precedent to incorporation so that a shareholder or creditor would be unable to challenge the existence of the corporation.

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This is true under the Revised Act. The filing of the articles of incorporation by the Secretary of State serves as conclusive proof that the incorporators have met all requirements for incorporation, making it impossible for a shareholder or creditor to challenge the corporation's existence.

Under the Revised Act, the Filing of the Articles of Incorporation