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Philippine Bar review · Question

Practice question: Sale of Delinquent Shares

Multiple Choice Easy

Practice question

Within what window from delinquency must the sale date be set under Section 67?
  1. One to five days
  2. Not less than thirty nor more than sixty days
  3. Only after five years
  4. Exactly one year in every case
  5. At any time with no statutory limit

Legal references

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

Answer this question in flashcards to review your response and continue practicing.