Practice question
Does Section 61 expressly recognize shares in another corporation as possible stock consideration, subject to applicable legal conditions?
- Yes, subsection (g) identifies them
- No, only cash is ever allowed
- No, all securities are forbidden
- Only if the shares do not exist
- Only if their owner keeps them without transfer
Legal references
- Revised Corporation Code, RA 11232, Section 61: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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