Practice question
What is the relationship between a stock certificate and the share it represents?
- The certificate is tangible evidence of the share interest, rather than the share itself.
- They are always identical physical objects.
- The certificate is a corporate land title.
- The certificate is a government franchise.
- The certificate eliminates all statutory payment requirements.
Legal references
- RA11232, RCC, Sections61–64: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
- Tan v. SEC, GR95696, March3 1992, main decision: https://lawphil.net/judjuris/juri1992/mar1992/gr_95696_1992.html
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