(1) A nonprofit corporation is incorporated, and its
corporate existence begins:
(a) when the articles of incorporation are filed by
the division; or
(b) if a delayed effective date is specified pursuant
to Subsection 16-6a-108(2),
on the delayed effective date, unless a certificate of withdrawal is filed
prior to the delayed effective date.
(2) The filing of the articles of incorporation by the division
is conclusive proof that all conditions precedent to incorporation have been
satisfied, except in a proceeding by the state to:
(a) cancel or revoke the incorporation; or
(b) involuntarily dissolve the nonprofit
corporation.
Enacted by Chapter 300, 2000 General Session