Sale of Delinquent Shares

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1. What corporate act orders a delinquency sale under Section 67? Multiple Choice Easy
2. Within what window from delinquency must the sale date be set under Section 67? Multiple Choice Easy
3. Which bidder is preferred in the statutory delinquency auction, all else satisfying the required payment? Multiple Choice Easy
4. An auction notice is delivered to the delinquent stockholder, but management intentionally omits all newspaper publicat… Multiple Choice Medium
5. Before the sale date, the delinquent subscriber offers the balance due, accrued interest, advertisement costs and sale … Multiple Choice Medium
6. One hundred shares secure a delinquent subscription. The full balance, interest and statutory costs total P60,000. At a… Multiple Choice Hard
7. A stockholder files suit five months after a delinquency sale solely alleging defective sale notice. The stockholder ha… Multiple Choice Hard
8. Describe the individual notice and publication requirements for a delinquency sale. Essay Medium
9. A valid bidder buys fewer than all shares covered by a delinquent subscription. Explain the treatment of purchased and … Essay Medium
10. Explain the two Section 68 conditions for an action to recover delinquent stock based on a defect in notice or the sale… Essay Medium
11. Under Section67, if no bidder offers the required full amount on the statutory terms, what may the corporation do, subj… Multiple Choice Easy
12. After the corporation acquires all the subscription’s covered shares through the specified no-qualified-bidder route, h… Multiple Choice Easy