Practice question
A shareholder grants a security interest in shares but gives no written, recorded voting right to the secured creditor. Who retains the statutory right to attend and vote?
- The stockholder-grantor
- The creditor automatically in every case
- Only the corporate secretary
- Neither party ever
- Every unsecured creditor
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, sections 22, 54–57
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