Under the Revised Act, the Filing of the Articles of Incorporation

question 29

True/False

Under the Revised Act, the filing of the articles of incorporation by the secretary of state is conclusive proof that the incorporators have satisfied all conditions precedent to incorporation so that a shareholder or creditor would be unable to challenge the existence of the corporation.

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Definitions:

State Prisons

Correctional facilities operated by individual states, typically holding individuals convicted of felonies or serious crimes under state law.

Adam Walsh Act

A U.S. law aimed at protecting the public from sexual offenders and offenders against children, and establishing a comprehensive national system for the registration of these offenders.

Juvenile Sex Offenders

Individuals under the age of legal adulthood who have committed sexual offenses.

Ethical Grounds

The moral basis or justification for an action, decision, or belief.