Practice question
A nonstock corporation’s trustees wish to receive compensation under Section 29’s member-approval route. Only the trustee board approves; no majority of members acts and no bylaw compensation basis exists. What is correct?
- Trustee approval necessarily substitutes for membership approval
- A private donor always supplies the vote
- No member can ever approve trustee compensation
- The chair may approve it alone
- The stated member-approval route has not been satisfied by board approval alone
Legal references
- Revised Corporation Code, RA 11232, Section 29: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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