Practice question
Rule 8 Section 1 requires derivative-suit plaintiffs to hold stock or membership at which times?
- Only whenever they first hear a rumor.
- At the challenged acts or transactions and when the action is filed.
- Only after judgment.
- Only during the next annual meeting.
- Only after buying a majority stake.
Legal references
- Tan v. Suntay, GR260170, May19 2025, main resolution, Rule8 Section1 IRPIC: https://lawphil.net/judjuris/juri2025/may2025/gr_260170_2025.html
- Metropolitan Bank v. Salazar Realty, GR218738, March9 2022, main decision: https://lawphil.net/judjuris/juri2022/mar2022/gr_218738_2022.html
Answer this question in flashcards to review your response and continue practicing.