Practice question
Which issuer is expressly prohibited by Section 6 from issuing no-par shares?
- Every ordinary retail corporation without exception
- Only a family-owned bakery
- Only a software developer
- Only a manufacturer
- A bank
Legal references
- Revised Corporation Code, RA 11232, Sections 3 and 6: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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