Practice question
Under section 56, may treasury shares vote while remaining in treasury?
- Yes, twice each
- Yes, through the president personally
- No
- Yes, only on ordinary matters
- Yes, if the corporation wants a larger majority
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, sections 22, 54–57
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