Philippine Bar review · Question

Practice question: Classification of Shares

Multiple Choice Easy Jurisprudence

Practice question

Where must share classifications and their corresponding rights, privileges, restrictions, and stated par value, if any, be indicated?
  1. Only in a private advertising draft
  2. In the articles of incorporation
  3. Only in the president’s diary
  4. Only in an oral statement to a broker
  5. Only in a customer contract

Legal references

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

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