Last Updated：2025/12/30
Sentence
A
corporation
may
be
convicted
of
crimes,
have
its
entire
board
of
direcors
be
indicted
for
price
fixing,
be
sued
for
nonpayment
of
state
payroll
taxes,
have
its
property
seized
by
the
IRS
for
unpaid
income
taxes,
and
be
under
state
and
federal
investigation
for
securities
fraud,
and
other
things,
but
as
long
as
its
paperwork
and
fees
are
current
with
the
chartering
agency,
it
will
still
be
a
corporation
in
good
standing.
Quizzes for review
A corporation may be convicted of crimes, have its entire board of direcors be indicted for price fixing, be sued for nonpayment of state payroll taxes, have its property seized by the IRS for unpaid income taxes, and be under state and federal investigation for securities fraud, and other things, but as long as its paperwork and fees are current with the chartering agency, it will still be a corporation in good standing.
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