Practice question
The SEC has received the articles but has not approved them. Explain whether Section 60’s final bar waits for approval, and why the distinction matters.
Legal references
- Revised Corporation Code, RA 11232, Section 60, full official statutory text: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463
Answer this question in flashcards to review your response and continue practicing.