Practice question
Which shares belong in Roy’s voting-share aggregate?
- Only shares whose names contain common
- Only unpaid options never subscribed
- Every share authorized but unissued
- Only shares owned by directors
- Outstanding shares entitled to vote in the election of directors
Legal references
- Roy III v. Herbosa, G.R. No. 207246, November 22, 2016, main decision, SEC MC No. 8 two-aggregate framework: https://lawphil.net/judjuris/juri2016/nov2016/gr_207246_2016.html
Answer this question in flashcards to review your response and continue practicing.