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Under the Revised MBCA's Liability Rules for Defective Incorporation

Question 33

Multiple Choice

Under the revised MBCA's liability rules for defective incorporation:


A) the filing of the articles of incorporation,evidenced by a 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. The filing of the articles of incorporation,evidenced by the return of the copy stamped by the secretary of state,is conclusive proof of incorporation under the revised MBCA.

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