Practice question
Distinguish formation-law classification under Section140 from shareholder-citizenship questions. Apply to a foreign-formed entity owned by Filipinos and a Philippine-formed entity owned by foreigners.
Legal references
- RA11232 Revised Corporation Code: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html Sections87,107–108,116 and140.
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