Under the Model Business Corporation Act (MBCA), a Prospective Shareholder

question 8

True/False

Under the Model Business Corporation Act (MBCA), a prospective shareholder may not revoke a preincorporation subscription for a six-month period, in the absence of a contrary provision in the subscription.

---

Definitions:

α-Helix

A common motif in the secondary structure of proteins, characterized by a right-handed coiled or spiral shape, where the amino acid residues are arranged in a helical structure.

Secondary

Pertaining to a secondary stage or level, implying it follows a primary stage and usually is dependent on or results from it.

β-Pleated Sheet

A structure in protein secondary structure, characterized by sheet-like formations of hydrogen-bonded polypeptide chains.

Monosaccharide

The simplest form of carbohydrates, consisting of a single sugar molecule like glucose or fructose.