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Philippine Bar review · Question

Practice question: Liability of Directors

Essay Medium

Practice question

Explain the noncash or intangible valuation process in Section61 and its relevance to Section64’s overvaluation ground.

Legal references

  • RA11232 Revised Corporation Code: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html Sections6,61 and64.

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