Fix effect in the Articles of Incorporation

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How to Fix effect in the Articles of Incorporation

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foreign [Music] hi i am attorney marie chris bataan this is my virtual classroom welcome to my youtube channel in this channel i shall aim to simplify the law i will discuss concepts and principles of law in under 10 minutes hi again everyone welcome back to our virtual classroom so what shall we talk about in this video so in my other videos if you have watched them we have been talking about the creation of the corporation how we create them how they come into being now for this video i want to talk about corporations that were actually created they have been issued a certificate of incorporation by your securities and exchange commission however they were unable to formally organize after getting or securing the certificate of incorporation in other words they failed to use their corporate charter so what would happen to them now this is what we are going to talk about in this video section 21 of the revised corporation code actually tells you what happens to corporations who faile

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