Question

Under the Model Business Corporation Act, a corporation's existence begins:

A. only after the promoters substantially comply with each of the mandatory conditions precedent to incorporation and hold an organization meeting.

B. only after the articles of incorporation are filed with the secretary of state.

C. when the secretary of state returns to the corporation a copy of the articles stamped "Filed."

D. when the shareholders approve of all the changes in the articles.

Answer

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