This excerpt taken from the VRSN 8-K filed Nov 23, 2005.
2. REPRESENTATIONS AND WARRANTIES OF SELLER.
Seller represents and warrants, to and for the benefit of the Purchaser Indemnified Persons, as follows:
2.1 Due Organization. Seller and each Subsidiary of Seller that owns any Transferred Assets or is otherwise involved in the Business is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization.