Practice question
What rights does Section 71 give holders of subscribed shares not fully paid but not delinquent?
- No stockholder rights at all
- Only a right to attend the cafeteria
- Only rights after a certificate is framed
- Only rights after becoming directors
- All rights of a stockholder, subject to the applicable share rights and law
Legal references
- Revised Corporation Code, RA 11232, Sections 59, 63, 66, 69 and 71: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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