Practice question
What minimum consideration per no-par share does RCC Section6 state?
- PHP5
- PHP0.01
- No minimum
- PHP50,000 in every case
- A verbal promise alone
Legal references
- RA11232 Revised Corporation Code: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html Sections6,61 and64.
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