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Which statement is NOT true of RBCs?
Preincorporation Subscription
An agreement by an investor to purchase stock in a corporation, made before the corporation is legally formed.
Post Incorporation Subscription
Agreements to purchase stock in a company made after the company has been incorporated.
Corporate Promoters
Individuals or companies that take the initiative in founding and organizing the business of a corporation, including arranging its incorporation and securing capital.
Organization Meeting
The initial meeting where the structure of a new organization is decided, officers are elected, and bylaws are adopted.
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