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Philippine Bar review · Question

Practice question: Sale of Delinquent Shares

Multiple Choice Easy

Practice question

What corporate act orders a delinquency sale under Section 67?
  1. A board resolution
  2. A cashier's private decision
  3. An oral demand by a competitor
  4. A purchaser's unilateral declaration
  5. A newspaper editor's instruction

Legal references

  • RA11232, Section 67: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html

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