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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Under the Revised Model Business Corporation Act, once the articles of incorporation are filed by the secretary of state, it is conclusive proof that all conditions precedent to incorporation have been satisfied, effectively preventing challenges to the corporation's existence by shareholders or creditors.

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