Practice question
Does Halley confine the trust fund doctrine exclusively to unpaid subscriptions in all circumstances?
- Yes, other assets can never be relevant.
- Yes, only unpaid cash is covered.
- Yes, corporate property is always immune.
- No; in insolvency its scope can encompass other corporate property and assets held for creditors in equity.
- Yes, only original incorporators' signatures matter.
Legal references
- Halley v. Printwell, GR157549, May30 2011, main decision: https://lawphil.net/judjuris/juri2011/may2011/gr_157549_2011.html
- Enano-Bote v. Alvarez, GR223572, November10 2020, main decision: https://lawphil.net/judjuris/juri2020/nov2020/gr_223572_2020.html
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