Practice question
A qualified stockholder seeks eligible records stored electronically. Management refuses solely because there is no printed copy. No other lawful ground exists. Which is correct?
- Electronic storage automatically creates permanent secrecy
- Only the board may inspect any electronic record
- No corporation needs to preserve digital records
- Every digital record becomes private property of the secretary
- Storage form alone does not defeat the statutory inspection framework
Legal references
- RA 11232: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463; Sections 73-74.
Answer this question in flashcards to review your response and continue practicing.