TITLE I GENERAL PROVISIONS RA 11232

Section 2. Corporation Defined. - A corporation is an [blank_start]artificial being[blank_end]

Section 2. Corporation Defined. - A corporation is an artificial being [blank_start]created by operation of law[blank_end]

Section 2. Corporation Defined. - A corporation is an artificial being created by operation of law, [blank_start]having the right of succession[blank_end]

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

Stock corporations are those which have [blank_start]capital stock divided into shares[blank_end] 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.

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

Corporators are those who

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

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

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 [blank_start]stocks with voting rights[blank_end].

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

Each share [blank_start]shall be equal in all respects[blank_end] to every other share, except as otherwise provided in the articles of incorporation.

Each share [blank_start]shall be equal in all respects[blank_end] to every other share, except as otherwise provided in the articles of incorporation and in the certificate of stock.

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.

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

Preferred shares of stock may be issued only

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

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 [blank_start]five (5) years[blank_end] from the date of incorporation

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