Practice question
Stocks may not be issued for consideration below which statutory measure?
- Any price the subscriber privately prefers
- Only the corporation’s annual revenue
- Only the shareholder’s income
- Their par or issued price
- Only their latest advertised resale price
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, section 61
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