Practice question
Two persons own shares expressly in an and/or capacity. Under section 55, may one of them vote the shares or appoint a proxy?
- Never, even with the other’s approval
- Only a judge may vote them
- Only the corporate president may vote
- Only if the shares become treasury shares
- Yes, either joint owner may do so under the statutory proviso
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, sections 22, 54–57
Answer this question in flashcards to review your response and continue practicing.