Practice question
A duly court-appointed administrator presents the appointment to vote for the represented shareholder. Management demands a personal signed proxy from that shareholder as an indispensable Section 54 condition. Which is correct?
- Every administrator requires a proxy from a deceased person
- The appointment can never be relevant
- Only the mayor may supply voting authority
- The statute expressly dispenses with a written proxy for the qualified court-appointed representative
- No estate may ever be represented
Legal references
- RA 11232: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463; Sections 52,54-55,57.
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