10. Effect of incorporation
Upon incorporation of an association under this Act ¾
(a) the association becomes a body corporate with perpetual succession and a common seal;
(b) the corporate name of the association is the name of the association as stated in the certificate of incorporation, concluding with the word }Incorporated~ or the abbreviation }Inc.~;
(c) all rights and liabilities (whether certain or contingent) exercisable against members or officers of the association in their capacity as such immediately before the incorporation of the association become rights and liabilities of and exercisable against the incorporated association, but this paragraph shall not be construed so as to relieve or release any person in respect of liabilities incurred by or on behalf of the association prior to incorporation; and
(d) the association may sue or be sued in its corporate name.