A corporation's existence is not affected by the death or insanity of a shareholder.

Name: A corporation's existence is not affected by the death or insanity of a shareholder.
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Question

Quizplus · Accepted Answer

A corporation is a separate legal entity from its shareholders or owners, and its existence is not dependent on any individual shareholder. The death or insanity of a shareholder may affect the ownership structure or management of the corporation, but it does not dissolve the corporation itself.

A Corporation's Existence Is Not Affected by the Death or Insanity