Practice question
Under Enano-Bote, may a creditor proceed directly against unpaid subscriptions solely by naming the trust fund doctrine, without proving insolvency or another recognized ground?
- Yes, the name alone establishes liability.
- Yes, unpaid invoices always erase corporate personality.
- Yes, all corporate creditors automatically become shareholders.
- Yes, proof is unnecessary.
- No.
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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