Practice question
Which statement about preferred shares is correct under section 6?
- They must always have no par value
- They can never have preferences
- They automatically eliminate all other classes
- They may be issued only with a stated par value
- They are always government bonds
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, section 6
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