Practice question
Does the equality-of-shares rule require treating the corporate identity of the holder as an unrecorded source of special privileges?
- Yes, family names create preferred stock
- Yes, officeholding always doubles rights
- No; unequal rights require a lawful basis rather than personal status alone
- Yes, friends automatically get superior shares
- Yes, every purchaser privately rewrites the articles
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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