Practice question
A director’s proven Section 30 conduct causes established injury to a third person. The director says the first paragraph can protect only the corporation itself. Which is correct?
- Third persons are always excluded
- The statute expressly includes other persons, subject to proof of its applicable ground and resulting damages.
- Only relatives may sue
- Only the board may acknowledge damage
- A victim must first buy shares
Legal references
- Revised Corporation Code, RA 11232, Sections 30 and 33: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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