Practice question
An action concerning ownership of a lost stock certificate is pending in court. A claimant offers a bond and demands immediate replacement, saying security cancels every contest-related restriction. Which is correct under Section72?
- Issuance is suspended until the court’s final ownership decision under the stated contest rule
- A bond automatically decides title
- The corporation must ignore every pending ownership case
- Publication is itself a final judicial judgment
- The claimant may replace the court by affidavit
Legal references
- RA11232 Revised Corporation Code: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html Section72.
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