Login

You are not logged in.

A.I. Powered: Philippine Bar Reviewer

☰
☰ Home Mock Bar Flashcards Discussions Analytics Blog
All ▸ Bar 2024 ▸ COMMERCIAL AND TAXATION LAWS ▸ I. CORPORATION LAW (R.A. No. 11232, Revised Corporation Code) ▸ D. Directors, Trustees, and Officers ▸ 4. Term, Holdover, and Removal - Sections 22 and 27

Question

D. Directors, Trustees, and Officers - Term, Holdover, and Removal

1. In a non-profit organization, the Board of Trustees has a maximum term of three years. At the end of their term, the Board members convene to elect new officers. During the election, only seven out of the ten positions were filled. The remaining three positions were left vacant due to lack of candidates. What happens to the vacant positions? Discuss the options available to the Board of Trustees based on Section 22 of the Corporation Code.

2. In a stock corporation, the Board of Directors appoints an officer to serve as the Chief Executive Officer (CEO). The CEO has a term of one year. At the end of the CEO's term, the Board decides not to reappoint the CEO and instead elects a new officer to take over the position. What is the process for removing the CEO and electing a new officer? Discuss the relevant provisions of Section 27 of the Corporation Code.



Ace the Bar with A.I




You know about A.I. but you don't know just how much it can help you ace the bar? watch this.


Other Questions in This Topic

Bar Review Question: D. Directors, Trustees, and Officers - Term, Holdover, and Removal 1. In a non-profit organizatio