Philippine Bar review · Question

Practice question: Dissolution and Liquidation

Multiple Choice Easy Jurisprudence

Practice question

When voluntary dissolution may prejudice a creditor, what filing does Section 135 require?
  1. A verified petition to the SEC
  2. An unsigned private announcement only
  3. A unilateral shareholder text message
  4. Only a newspaper advertisement
  5. Only an oral instruction to the janitor

Legal references

  • RA 11232: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463; Section 135.

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