Practice question
A corporation invokes section 35(g)'s property-dealing power to buy an asset in violation of an applicable constitutional restriction. Does the general corporate power itself eliminate that restriction?
- Yes; corporate registration overrides the Constitution.
- No; the subsection expressly subjects property powers to legal and constitutional limitations.
- Yes; any profitable purchase is necessarily lawful.
- Yes; an articles clause can repeal the restriction.
- No; because corporations may never own any property.
Legal references
- Revised Corporation Code, RA 11232, sections 35, 39, 41 and 44, https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463
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