Practice question
Under Rule8 Section2, what approval applies to a complaining shareholder’s sale of shares during the action?
- Court approval
- Only a campaign endorsement
- Only the buyer’s personal preference
- No legal oversight under the rule
- Automatic approval from any creditor
Legal references
- IRPIC Rule8 Sections1–2, official SupremeCourt codification p1951: https://elibrary.judiciary.gov.ph/assets/pdf/journals/Collation_and_Codification_of_SC_Issuance_DIGITAL.pdf
- Tan v. Suntay, GR260170, May19 2025, main resolution: https://lawphil.net/judjuris/juri2025/may2025/gr_260170_2025.html
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