Under the Revised Act, a Corporation Can Act as an Incorporator

question 36

True/False

Under the Revised Act, a corporation can act as an incorporator of another corporation.

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Definitions:

Silent

Characterized by the absence of sound or the decision not to speak or disclose information.

Subleases

Agreements where the original lessee rents out the leased premises to another party.

Primarily Liable

Refers to the party who bears the initial responsibility for fulfilling an obligation or debt.

Sublease

A legal agreement where a tenant rents out a property they are leasing to another party.