A corporation continues in existence even if a shareholder dies or withdraws from the organization.

Name: A corporation continues in existence even if a shareholder dies or withdraws from the organization.
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Question

Quizplus · Accepted Answer

A corporation is a separate legal entity from its shareholders, meaning it has its own rights, liabilities, and legal existence. Shareholders own a portion of the corporation but do not own the corporation itself, and therefore their death or withdrawal has no impact on the corporation's existence.

A Corporation Continues in Existence Even If a Shareholder Dies