Practice question
A qualifying foreign entity has no resident agent and is properly served on its officer physically within the Philippines. Is every local recipient required to be a director too?
- No; officers, agents, directors and trustees are separately identified alternatives
- Yes; officer and director are always cumulative requirements
- Yes; only shareholders may receive
- Yes; a foreign officer must first become Filipino
- Yes; local delivery is forbidden
Legal references
- Current Rule14 relevant Sections5–6,11–12,14–16 and19–23: https://lawphil.net/courts/rules/am_19-10-20-sc_2019.html Foreign entity overseas methods and electronic proof; applicable conventions remain controlling.
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