Organization, Standing, Subsidiaries, Etc. (a) Sibling and each of its Subsidiaries are corporations duly organized and existing in good standing under the laws of each corporation’s state of incorporation. Sibling has heretofore delivered to Sona complete and correct copies of each corporation’s respective articles of incorporation and bylaws as now in effect. Sibling and each of its Subsidiaries have full corporate power and authority to carry on their businesses as such businesses are now being conducted and as now proposed to be conducted and to own or lease their own properties and assets.
Appears in 4 contracts
Samples: Agreement of Acquisition And (Sona Development Corp), Agreement (Sibling Entertainment Group, Inc.), Agreement of Acquisition and Plan of Reorganization (Sona Development Corp)
