Practice question
What minimum irrevocability period does Section 60 state for pre-incorporation subscriptions, subject to its qualifications?
- One hour
- At least six months from subscription
- Exactly one day
- Fifty years in every case
- No initial period at all
Legal references
- RA 11232: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463; Sections 59-60.
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