Corporation Code: Attributes and Characteristics

To exercise express, implied, and incidental powers

The corporation has a juridical personality upon issuance of the certificate of incorporation.

Articles of incorporation and favorable recommendation from the Securities and Exchange Commission

<p>The certificate of incorporation is revoked automatically</p> Signup and view all the answers

<p>1 to 15</p> Signup and view all the answers

<p>Resident citizen</p> Signup and view all the answers

<p>The corporation has a separate legal identity from its directors, shareholders, and officers.</p> Signup and view all the answers

<p>The corporation is placed under a 2-year delinquency period.</p> Signup and view all the answers

<p>To outline the corporation's primary and secondary purposes.</p> Signup and view all the answers

<p>The power to perform acts necessary to achieve its purpose.</p> Signup and view all the answers

<p>The shareholders/members, with a majority vote.</p> Signup and view all the answers

<p>The act is considered voidable and may be ratified by the shareholders.</p> Signup and view all the answers