Practice question
What minimum irrevocability period does RCC section 60 prescribe for a pre-incorporation subscription, subject to its exceptions?
- One day
- One month
- Six months from subscription
- Three years from incorporation
- An unlimited period in every case
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, section 60
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