Practice question
Under section 71, what rights do holders of subscribed shares not fully paid but not delinquent retain?
- No rights at all
- Only a right to attend social events
- All rights of a stockholder
- Only the right to sell corporate land
- Only rights granted by the president personally
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, sections 23, 38, 42, 71, 73 and 74
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