Practice question
Bylaws validly authorize a particular electronic method for individual sale notice. Management uses that method with the resolution and also completes the statutory newspaper publication. A challenger claims individual notice can only be personal or registered mail under Section67. Which is correct?
- The section also permits other means provided in the bylaws
- Every electronic method is forbidden regardless of bylaws
- Only an oral rumor is sufficient
- Newspaper publication can never be required
- Bylaws eliminate the need for the resolution
Legal references
- RA11232 Revised Corporation Code: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html Section67, especially corporate bid, treasury-share and notice provisions.
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