Unless specified in the charter, a corporation has a
A) legal life of one decade.
B) life of seventeen years, which is renewable.
C) life of fifty years.
D) perpetual life.
E) legally recognized life, which varies from state to state.

Question

Quizplus · Accepted Answer

Unless specified in the charter, a corporation has a perpetual life, which means it can continue to exist indefinitely unless dissolved voluntarily or by court order.

Unless Specified in the Charter, a Corporation Has a