Incorporation

Incorporation. (a) Unless a delayed effective date is specified, the corporate existence begins when the articles of incorporation are filed. (b) The Registrar of Corporation’s filing of the articles of incorporation is conclusive proof that the incorporators satisfied all conditions precedent to incorporation except in a proceeding by the Commonwealth to cancel or revoke the incorporation or involuntary dissolve the corporation. Source: PL 10-7, § 1 (Bus. Corp. Reg. § 2.03).