ABC Corporation certificate of incorporation was issued on April 21, 1989. The article of incorporation provides a term of 30 years. ABC corporation did not amend its article of incorporation to extend the life of the corporation prior to April 21, 2019. In this case: ABC Corporation certificate of incorporation was issued on April 21, 1989. The article of incorporation provides a term of 30 years. ABC corporation did not amend its article of incorporation to extend the life of the corporation prior to April 21, 2019. In this case: ABC corporation shall have perpetual existence. ABC corporation is allowed to amend the article of incorporation to extend its life not exceeding 50 years. ABC corporation is ipso facto dissolve on April 22, 2019. ABC corporation shall automatically have an extended life of 30 years

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In this case ABC Corporation shall have perpetual existence This is because when a corporations ter... View the full answer