Under the RMBCA, a preincorporation subscription agreement is irrevocable for three (3) months unless the subscription agreement provides a longer or shorter period, or all of the subscribers agree to revocation.
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Verified
Q14: The two most common instruments used to
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Q17: A contract for the sale of shares
Q18: Common stock cannot has priority over preferred
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Q21: A wasting asset corporation is designed to
Q22: Which of the following statements is not
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Q24: Shareholders exercise direct control over their corporation.
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