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An Act Providing for the Revised Corporation Code of the Philippines

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TITLE I GENERAL PROVISIONS RA 11232

Pregunta 1 de 19

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Section 2. Corporation Defined. - A corporation is an ( artificial being, divine being, malicious being )

Explicación

Pregunta 2 de 19

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Section 2. Corporation Defined. - A corporation is an artificial being

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    created by operation of law
    created by God
    created by men
    created by cats

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Pregunta 3 de 19

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Section 2. Corporation Defined. - A corporation is an artificial being created by operation of law, ( having the right of succession, having diarrheas, having mental issues, having the right of voice )

Explicación

Pregunta 4 de 19

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Section 2. Corporation Defined. - A corporation is an artificial being created by operation of law, having the right of succession and the expressly authorized by law or incidental to its existence.

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    powers, attributes, and properties
    power and glory are yours
    chicken is sour
    moment of truth

Explicación

Pregunta 5 de 19

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Stock corporations are those which have ( capital stock divided into shares, body odor, capital and assets, sufficient capital and assets ) and are authorized to distribute to the holders of such shares, dividends, or allotments of the surplus profits on the basis of the shares held.

Explicación

Pregunta 6 de 19

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Corporations created by special laws or charters shall be governed primarily by

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  • the provisions of the special law or charter creating them or applicable to them

  • the provisions of the corporation code

  • the provisions of the articles of incorporation

  • the provisions of the law

Explicación

Pregunta 7 de 19

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Corporators are those who

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  • compose a corporation, whether as stockholders or shareholders in a stock corporation or as a members in a nonstock corporations.

  • wants to take over the world

  • have congregation of mutual interest

  • wants to get rich

Explicación

Pregunta 8 de 19

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Incorporators are those stockholders or members mentioned in the articles of incorporation as

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  • originally forming and composing the corporation and who are signatories thereof.

  • originally original

  • originally forming part of the corporation

  • originally pinoy music

Explicación

Pregunta 9 de 19

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Holders of nonvoting shares shall nevertheless be entitled to vote on the following matters;

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  • Amendment of the articles of incorporation;

  • Adoption and amendment of bylaws;

  • Sale, lease, echange, mortgage, pledge, or other disposition of all or substantially all of the corporate property;

  • Incurring, creating, or increasing bonded indebtedness;

  • Increase or decrease of authorized capital stock;

  • Merger or consolidation of the corporation with another corporation or other corporations;

  • Investment of corporate funds in another corporation or business in accordance with this Code;

  • Dissolution of the corporation.

  • Failure to file an annual report or pay taxes

  • Fraud in procuring incorporation

Explicación

Pregunta 10 de 19

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Except as provided in the immediately preceding paragraph, the vote required under this Code to approve a particular corporate act shall be deemed to refer only to .

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    stocks with voting rights
    chicken stock
    stocks with unli power
    stocks with voting power

Explicación

Pregunta 11 de 19

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The classification of shares, their corresponding rights, priviledges, restrictions, and their stated par value, if any, must be

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  • indicated in the articles of incorporations.

  • indicated in the by-laws

  • indicated in the corporate books

  • indicated in the receipt

Explicación

Pregunta 12 de 19

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Each share ( shall be equal in all respects, shall be recorded in all respects, shall be stated in all respects, shall be recorded in the corporate books ) to every other share, except as otherwise provided in the articles of incorporation.

Explicación

Pregunta 13 de 19

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Each share ( shall be equal in all respects, shall be recorded in all respects, shall be recorded in all aspects, shall be integrated in the books ) to every other share, except as otherwise provided in the articles of incorporation and in the certificate of stock.

Explicación

Pregunta 14 de 19

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No share may be deprived of voting rights except those classified and issued as ___________ unless otherwise provided in this Code: Provided, That there shall be a class or series of shares with complete voting rights.

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  • preferred shares

  • redeemable shares

  • equity shares

  • personal shares

  • corporate shares

Explicación

Pregunta 15 de 19

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Preferred shares of stock issued by a corporation may be given preference in the

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  • distribution of dividends and in the distribution of corporate assets in case of liquidation, or such other preferences

  • distribution of assets in case of liquidation

  • distribution of dividends in case there is retained earnings

  • distribution of capital assets in case of dissolution

Explicación

Pregunta 16 de 19

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Preferred shares of stock may be issued only

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  • with a stated par value.

  • with a stated value

  • with a statement of account

  • with a record of stated value

Explicación

Pregunta 17 de 19

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May the BOD fix the terms and conditions of preferred shares of stock or any series thereof?

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  • VERDADERO
  • FALSO

Explicación

Pregunta 18 de 19

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Where the exclusive right to vote and be voted for in the election of directors is granted, it must be for a limited period not to exceed ( five (5) years, three (3) years, ten (10) years, seven (7) years, twenty (20) years ) from the date of incorporation

Explicación

Pregunta 19 de 19

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T are shares of stock which have been issued and fully paid for, but subsequently r by the issuing corporation through p, r, d, or some other lawful means. Such shares may again be disposed of for a reasonable price fixed by the board of directors.

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