Practice question
Under Section71, what rights do holders of subscribed, not fully paid shares have while the shares are not delinquent?
- All rights of a stockholder
- No rights of any kind
- Only a right to advertise
- Automatic ownership of every corporate asset
- Only rights chosen by a competitor
Legal references
- RA11232 Revised Corporation Code: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html Sections63,65–66 and71.
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