1. Organization & Financial Structure of Corporations42
Chapter
Forty-Two
Organization & Financial Structure of Corporations

2. Preincorporation Contract Liability Binding Contract-
Corporation- Adoption
Promoter- Novation
Binding Contract-
Automatic Novation Clause
Share Subscription
Corp. Liability to Promoter

3. Incorporation Articles of Incorporation Filing Articles
Organization Meeting
Filing Annual Report
Close Elections

4. Failure To Comply Defective Attempts to Incorporate
De Jure Corporation-
Mandatory Conditions Precedent
De Facto Corporations
Corporation by Estoppel
Liability

5. Defective Incorporation
Filing
Liability under
MBCA
Nonprofit Liability

6. Financing
Equity
Debt
Nonprofit

7. Equity Financing Common Shares Preferred Shares
Authorized, Issued, Outstanding
Options, Warrants, Rights

8. Debt Financing
Debentures
Bonds
Notes
Convertible

9. Share Consideration Quality Quantity Par Value Discount Shares
Fair Value- Watered Shares
Accounting for Consideration
Resale of Shares

10. Shares Subscription Issuance Transfer Preincorporation
Postincorporation
Issuance
Transfer

11. Shares Transfer
Use
Legality
Enforceability
Statutory Solution

12. Restricted Transfers Right of First Refusal- Option
Buy-and-Sell Agreement
Consent Restraint
Provision Disqualifying Purchasers