Practice question
A special charter corporation invokes an RCC provision that is inapplicable to its legal form. It argues Section4 makes every RCC rule mechanically applicable even without a relevant subject or fit. No separate statute requires that result. Which is correct?
- Section4’s supplementation is expressly limited to applicable RCC provisions
- Every RCC provision governs every entity identically
- Inapplicability automatically repeals the charter
- The charter ceases to exist whenever the RCC is cited
- Officers may select any incompatible rule for convenience
Legal references
- RA11232 Revised Corporation Code: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html Sections2,4 and18.
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