Practice question
Before submission of the articles, all other subscribers consent to Ben’s revocation during the first six months. Does section 60 recognize this exception?
- No, consent can never matter
- No, only the proposed treasurer may consent
- No, only a foreign regulator can permit it
- No, six months is absolute without exceptions
- Yes, unanimous consent of all other subscribers is an express exception
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, section 60
Answer this question in flashcards to review your response and continue practicing.