Under the RMBCA,a pre-incorporation subscription may be revoked at any time without the consent of the subscribers.

Name: Under the RMBCA,a pre-incorporation subscription may be revoked at any time without the consent of the subscribers.
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Question

Quizplus · Accepted Answer

Under the Revised Model Business Corporation Act (RMBCA), a pre-incorporation subscription for shares is irrevocable for six months unless the subscription agreement provides otherwise or all the subscribers agree to revocation.

Under the RMBCA,a Pre-Incorporation Subscription May Be Revoked at Any