Classification of Shares

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1. Where must share classifications and their corresponding rights, privileges, restrictions, and stated par value, if any… Multiple Choice Easy
2. What voting-rights safeguard must always remain under section 6? Multiple Choice Easy
3. Which statement about preferred shares is correct under section 6? Multiple Choice Easy
4. A company’s nonvoting preferred holders are excluded from a vote to amend the articles solely because their shares are … Multiple Choice Medium
5. An ordinary eligible corporation proposes no-par shares for P3 each. Assume no special exemption. Which is correct? Multiple Choice Medium
6. A corporation validly issues no-par shares at P20 each. Its board proposes treating only P5 per share as capital and di… Multiple Choice Hard
7. A corporation labels all its ordinary common shares nonvoting and leaves no class or series with complete voting rights… Multiple Choice Hard
8. Explain section 6’s basic rules on classification and equality of shares. Essay Medium
9. Do nonvoting shareholders have no vote on any corporate matter? Explain with examples from section 6. Essay Medium
10. State the principal section 6 safeguards for no-par shares, including permitted issuers, minimum consideration, and tre… Essay Medium
11. Where must authority for the board to fix preferred-share terms under Section 6 be conferred? Multiple Choice Easy
12. When do board-fixed preferred-share terms under Section 6 become effective under its certificate-filing proviso? Multiple Choice Easy