Practice question
What is the starting event for Section 60’s initial six-month period?
- The future corporation’s first dividend
- The first newspaper advertisement
- The date of the subscription
- The subscriber’s next birthday
- The opening of a bank branch
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.