16-10a-203 - Incorporation.
16-10a-203. Incorporation.
(1) A corporation is incorporated, and its corporate existence begins, when the articles ofincorporation are filed by the division, unless a delayed effective date is specified pursuant toSubsection 16-10a-123(2), in which case the incorporation is effective, and the corporateexistence begins, on the delayed effective date, unless a certificate of withdrawal is filed prior tothe delayed effective date.
(2) The filing of the articles of incorporation by the division is conclusive proof that allconditions precedent to incorporation have been satisfied, except in a proceeding by the state tocancel or revoke the incorporation or involuntarily dissolve the corporation.
Enacted by Chapter 277, 1992 General Session