No shares of stock against which the corporation holds any unpaid claim shall be transferable in the books of the corporation (RCC, S62). Still, holders of subscribed shares not fully paid which are not delinquent shall have all the rights of a stockholder (RCC, S71). The stockholder loses the rights as a stockholder, except the right to receive dividends, only when the stock becomes delinquent.
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Guidelines on Teleconferencing, Video Conferencing and Other Remote or Electronic Means of Communications in Corporate Meetings: Summary
Regular and special meetings of stockholders or directors can be done by means of electronic communications. In Memorandum Circular No. 6, series of 2020, the Securities and Exchange Commission (SEC) provided the guidelines on the attendance and participation of directors, trustees, stockholders, members and other persons of corporations in regular and special meetings through teleconferencing, video conferencing and other remote or electronic means of communication. These guidelines apply to all corporations registered with the SEC.
Continue readingProtection of Shareholders Interests (Chapter VI): Securities Regulation Code (Republic Act No. 8799)
[Full text of Securities Regulation Code (Republic Act No. 8799; Chapter I; Chapter II; Chapter III; Chapter IV; Chapter V; Chapter VI; Chapter VII; Chapter VIII; Chapter IX; Chapter X; Chapter XI; Chapter XII; Chapter XIII]
Continue readingTitle VII (Stocks and Stockholders): Revised Corporation Code of the Philippines (Republic Act No. 11232)
[See Revised Corporation Code Directory; Title I; Title II; Title III; Title IV; Title V; Title VI; Title VII; Title VIII; Title IX; Title X; Title XI; Title XII; Title XIII; Title XIV; Title XV; Title XVI; Title XVII]
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