Philippine Bar review · Topic
Dissolution and Liquidation
Explore Dissolution and Liquidation in Corporations (RA 11232) for the Philippine Bar. Browse subtopics and published practice questions, then take a quiz or…
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Practice questions
- For an ordinary nonbank corporation governed by RCC section 139, how long does it remain a body corporate after effecti…
- Which activity is expressly outside section 139's limited post-dissolution continuation?
- Under section 139, who may receive a conveyance of all corporate property during the three-year period for the benefit …
- An ordinary nonbank corporation dissolves and immediately proposes to distribute all assets to shareholders while admit…
- A corporation properly conveys property to trustees during section 139's winding-up period for creditors and shareholde…
- One year after effective dissolution, an ordinary nonbank corporation proposes to collect old receivables and settle pe…
- A corporation's approved amended articles shorten its term to a specified date. That term then expires. The directors a…
- Explain the purpose and limits of section 139's three-year continuation for an ordinary nonbank corporation after disso…
- During its section 139 period, a dissolved corporation conveys all property in trust for shareholders, creditors and ot…
- An ordinary corporation dissolves with known valid debts and sufficient assets to satisfy them, but shareholders demand…
- When voluntary dissolution may prejudice a creditor, what filing does Section 135 require?
- Who must sign the Section 135 petition on the corporate side?