Practice question
Under Section 28, when must the corporation notify the SEC of creation of an emergency board?
- After one year
- Only after liquidation
- Only if the officers wish
- Within three days, stating the reason for creation
- Never
Legal references
- Revised Corporation Code, RA 11232, Sections 23 and 28: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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