The possible consequences of a defective incorporation include which of the following?
A) The state may bring an action against the association for involuntary dissolution.
B) A third party may assert that it is not liable to the association.
C) The associates are held personally liable to a third party.
D) All of these are possible consequences.
Correct Answer:
Verified
Q50: The president of Rosy Cosmetics sends his
Q51: Which of the following is the basic
Q52: All of the following are true of
Q53: General Supply owns all the stock of
Q54: All of the following are characteristics of
Q56: If incorporated, the City of Chicago would
Q57: Under the RMBCA, the charter of the
Q59: A corporation formed in substantial compliance with
Q59: Which of the following is not a
Q60: Use of "Stewart and Woods, Ltd." as
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents