Practice question
A valid special charter expressly governs a corporation’s internal matter differently from the Code’s general rule. Section4 applies, and no constitutional or later overriding issue is present. Which source is primary?
- The applicable special charter, with the Code supplementary insofar as applicable
- Always every general Code provision regardless of Section4
- Only an officer’s oral statement
- Only the corporation’s marketing brochure
- No governing rule can exist
Legal references
- RA11232 Revised Corporation Code: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html Sections2,4,18 and35(a).
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