Which document can be submitted before or after a corporation's incorporation?

Prepare for your Partnership and Corporation Exam with engaging flashcards and multiple-choice questions. Each question comes with hints and detailed explanations. Boost your confidence and ace the exam!

The by-laws of a corporation serve as an internal governing document that outlines the rules and procedures for managing the corporation's affairs. Importantly, the adoption and submission of by-laws can occur either before or after the formal incorporation of the corporation. This flexibility allows the directors or initial incorporators to establish the operational framework of the corporation to ensure that it functions effectively from the outset, regardless of whether the entity has been officially recognized by the state.

In contrast, the other documents mentioned hold specific requirements tied to the incorporation process. For instance, the Articles of Incorporation are essential for legally forming the corporation and must be filed with the appropriate state authority to obtain official status. Similarly, the verification certificate for the name of the corporation is typically required to confirm that the chosen name is available and does not conflict with existing entities. Lastly, the certificate of bank deposit for paid-up capital is required to demonstrate that the corporation has met the capital requirements set forth by law, which is a prerequisite for incorporation. Therefore, by-laws distinctly provide the most flexibility in terms of timing concerning submission around the incorporation process.

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