Practice question
Must the transfer record identify the number of shares transferred?
- No, quantity is expressly irrelevant
- Only if the buyer is foreign
- Yes
- Only if shares have no value
- Only a bank may record quantity
Legal references
- RA 11232: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463; Section 62.
Answer this question in flashcards to review your response and continue practicing.