Practice question
Explain the interaction of collective voting control, the services-share proviso and the absence of a prior-ruling prerequisite in a property-for-stock nonrecognition exchange.
Legal references
- RA 11534, Section 10, amended NIRC Section 40(C)(2) and (6): https://lawphil.net/statutes/repacts/ra2021/ra_11534_2021.html
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