Parking spaces in a condominium development:
A) Are common areas.
B) Are individually owned.
C) Need not be covered in the bylaws.
D) None of the above
Question 2
The Revised Model Business Corporation Act: ______.
A) has eliminated the certificate of incorporation.
B) has made the process of incorporation more difficult.
C) states that corporate existence begins when the secretary of state issues a certificate of incorporation.
D) has eliminated the need for articles of incorporation.