Practice question
Three co-owners have interests of 60%, 20% and 20%. For an ordinary administration measure, the 60% owner approves while both others object. No serious prejudice or special governing agreement is shown. Is the numerical objection alone decisive?
- Yes, two persons always defeat one
- No, the approving owner represents the controlling interest under Article 492
- Yes, every administrative measure requires unanimity
- No, because minority shares cease to exist
- Yes, unless a court first cancels the minority shares
Legal references
- Civil Code Articles 484–499: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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