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Philippine Bar review · Question

Practice question: Certificate of Stock

Multiple Choice Medium

Practice question

The final required publication occurs on March20. No contest or bond-based early issuance applies. Management counts the ordinary one-year period from the first publication instead. What is correct?
  1. The period runs from the last publication
  2. It always runs from the first publication
  3. It runs only from the owner’s birth
  4. It has no starting event
  5. It ends immediately upon affidavit filing

Legal references

  • RA11232 Revised Corporation Code: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html Section72.

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