Examlex
Which of the following may a person not distribute in a will?
Incorporation Process
The incorporation process involves the legal procedure of creating a corporation, which is a type of recognized legal entity separate from its owners, providing limited liability and other benefits.
Statutory Agent
A person or entity appointed to receive legal documents on behalf of a corporation or other legal entity.
Individually Liable
Responsibility of a person to bear the loss or fulfill obligations from their personal assets, independently of others' liabilities.
Preincorporation Contracts
Agreements entered into on behalf of a corporation not yet legally formed, which may bind the corporation once it comes into existence.
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