What Is Not a Correct Statement Concerning Promoters

question 28

Multiple Choice

What is not a correct statement concerning promoters?

• A) Promoters are generally active before the corporation is formed.
• B) Two (2) or more promoters are required to form a corporation.
• C) Promoters are fiduciaries with respect to the corporation and its shareholders.
• D) Promoters are liable for any torts that they commit while promoting the corporation.

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