A supplier that relied only on an entity's credit learns its incorporation was defective and sues the shareholders personally. What doctrine may protect them?
QUESTION
Under the MBCA, what purpose does a corporation have if the articles do not state a narrower one?
QUESTION
Under the MBCA, when does corporate existence begin?
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ANSWER
When the articles of incorporation are filed, unless a delayed effective date is specified. The filed articles establish the corporation's existence.