Practice question
Which conduct by directors or trustees is expressly covered by Section30 of the Revised Corporation Code?
- Willfully and knowingly voting for or assenting to patently unlawful corporate acts causing damage.
- Merely attending an ordinary lawful meeting.
- Simply owning one share.
- Declining to participate in any unlawful act.
- Residing in the same city as the corporation.
Legal references
- https://lawphil.net/judjuris/juri2024/apr2024/gr_265610_2024.html — Borromeo v. Lazada, G.R.265610, April3 2024, main opinion, corporate-officer liability.
- https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html — Revised Corporation Code, Section30, liability of directors, trustees or officers.
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