Bar Exam Formation & Pre-Incorporation Flashcards
Master 14 formation & pre-incorporation concepts for the Bar Exam.
Question
To whom do promoters owe fiduciary duties?
Question
What is a promoter's liability on contracts entered into before the corporation is formed?
Question
What provisions must be included in the articles of incorporation?
Question
Who has the power to adopt, amend, or repeal a corporation's bylaws?
LLC Formation & Structure
3 cardsQuestion
What information is required to be included in an LLC's articles of organization?
Question
To what extent does an LLC's operating agreement govern the relations among members?
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