Practice question
Under Section22's general rule, what is an elected director's term?
- Three years in every corporation.
- One year.
- The director's lifetime.
- Ten years without exception.
- Until every creditor is paid.
Legal references
- RA11232, Revised Corporation Code, Sections22,24,26,34 and52: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463
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