Under the revised Model Business Corporation Act, _____.
A) the filing of the articles of incorporation, evidenced by the return of the copy stamped by secretary of state, is conclusive proof of incorporation
B) liability will never be imposed on promoters who participated in management and policy decisions
C) the issuance of the certificate of incorporation is conclusive proof of incorporation to the corporate status, except a quo warranto action brought by the secretary of state
D) managers will be released from any liability in excess of their initial investment
Correct Answer:
Verified
Q32: Massachusetts courts require that the parties expressly
Q33: According to the Model Business Corporation Act
Q34: Under general incorporation laws, _.
A) incorporation is
Q35: A de facto corporation:
A) could be challenged
Q36: The bylaws of a corporation:
A) usually set
Q38: A _ existed when there was an
Q39: Which of the following statements is true
Q40: Which of the following is a useful
Q41: Which of the following would be a
Q42: Mention the requirements that are essential for
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