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Philippine Bar review · Question

Practice question: Classification of Shares

Multiple Choice Easy Jurisprudence

Practice question

What voting-rights safeguard must always remain under section 6?
  1. Every share must always be nonvoting
  2. Only directors may own voting shares
  3. At least a class or series with complete voting rights
  4. No shareholder may vote on dissolution
  5. Only foreign shareholders may vote

Legal references

  • https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, section 6

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