Practice question
Two months after subscribing, Ana seeks unilateral withdrawal. The articles have not been submitted, the corporation is still timely proceeding, and the other subscribers do not all consent. Which is correct?
- Section 60 prevents the proposed unilateral revocation on these facts
- She may always withdraw before incorporation
- Only her own consent is needed
- The six-month period starts only after incorporation
- Advertising automatically releases her
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, section 60
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