Under the Model Business Corporation Act (MBCA),a prospective shareholder may not revoke a preincorporation subscription for a ________ period,in the absence of a contrary provision in the subscription.
A)nine-month
B)one-year
C)two-year
D)six-month

Question

Quizplus · Accepted Answer

Under the Model Business Corporation Act (MBCA),a prospective shareholder may not revoke a preincorporation subscription for a six-month period,in the absence of a contrary provision in the subscription.

Under the Model Business Corporation Act (MBCA),a Prospective Shareholder May