Practice question
An elected trustee ceases to be a member of the nonstock corporation. The trustee argues that the unexpired stated term guarantees continued office. What does Section22 provide?
- The person ceases to be a trustee upon ceasing membership.
- Membership never matters.
- The person automatically becomes president.
- The term overrides every qualification.
- Only a court may ever recognize loss of membership.
Legal references
- RA11232, Revised Corporation Code, Sections22,24,26,34 and52: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463
Answer this question in flashcards to review your response and continue practicing.