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All Jurisprudence based

0 tracked cards Labor Law and Social Legislation

A licensed corporation changes its president but remains the same legal entity. Counsel says it must simply hand the corporate license to the departing president as his personal property. Which distinction matters under DO 216-20?

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An officer’s family inherits every corporate permission Every presidency change transfers the license to the former officer Change of president involves the prescribed notification and amended-license process, not personal transfer of the corporation’s license The corporation automatically ceases to exist

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