Practice question
A shareholder demands full entry of a protest against a proposed resolution. Management records only that everyone agreed, despite the actual protest and demand. Which is best?
- That fails the express full-protest recording requirement
- A majority may rewrite the dissent as agreement
- Only positive votes are legal records
- The shareholder’s silence can be invented afterward
- The minutes automatically become accurate because signed
Legal references
- RA 11232: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463; Sections 73-74.
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