Question: EXPLAIN BRIEFLY WHY THE STATEMENT IS FALSE. DO NOT REPEAT THE STATEMENT AND REVERSE THE SITUATION. The amendment to the articles of incorporation shall take

EXPLAIN BRIEFLY WHY THE STATEMENT IS FALSE. DO NOT REPEAT THE STATEMENT AND REVERSE THE SITUATION.

  1. The amendment to the articles of incorporation shall take effect upon their approval by the SEC or if not acted upon within six months.
  2. If a corporation becomes inoperative for a period of five years, the Commission may place it under delinquent status.

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