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

  1. For an ordinary nonbank corporation governed by RCC section 139, how long does it remain a body corporate after effecti…
  2. Which activity is expressly outside section 139's limited post-dissolution continuation?
  3. Under section 139, who may receive a conveyance of all corporate property during the three-year period for the benefit …
  4. An ordinary nonbank corporation dissolves and immediately proposes to distribute all assets to shareholders while admit…
  5. A corporation properly conveys property to trustees during section 139's winding-up period for creditors and shareholde…
  6. One year after effective dissolution, an ordinary nonbank corporation proposes to collect old receivables and settle pe…
  7. A corporation's approved amended articles shorten its term to a specified date. That term then expires. The directors a…
  8. Explain the purpose and limits of section 139's three-year continuation for an ordinary nonbank corporation after disso…
  9. During its section 139 period, a dissolved corporation conveys all property in trust for shareholders, creditors and ot…
  10. An ordinary corporation dissolves with known valid debts and sufficient assets to satisfy them, but shareholders demand…
  11. When voluntary dissolution may prejudice a creditor, what filing does Section 135 require?
  12. Who must sign the Section 135 petition on the corporate side?