Practice question
Absent payment or a contrary board order, when do stocks covered by the subscription become delinquent under Section 66?
- Immediately upon signing every subscription
- After one year in all cases
- After thirty days from the specified payment date without payment
- Only after ten years
- Only after every creditor consents
Legal references
- RA11232, Section 66: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
Answer this question in flashcards to review your response and continue practicing.