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Business, 07.05.2021 03:10 jalenJohnson6t

Under the Model Business Corporation Act's liability rules for defective incorporation: a. liability will never be imposed on promoters/incorporators who participate in management and policy decisions. b. the filing of articles of incorporation, evidenced by the return of the copy stamped by the secretary of state, is insufficient proof of de facto incorporation. c. the issuance of the certificate of incorporation is conclusive proof of incorporation to the corporate status except for a quo warranto action. d. managers will be released from any liability in excess of their initial investment.

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Under the Model Business Corporation Act's liability rules for defective incorporation: a. liability...
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